The morning call., 1891-08-16
OAKLAND REALTY.
Increase of Transactions on the
Other Side of the Bay.

There is little new to report at the present
time in regard to real estate matters in Oak
land and sister cities. The summer dizziness
has not yet exhausted itself. although
there are decided limitations that change
will soon be manifested. The dealers and
agents almost with one accord state that
there is a marked increase in inquiry, and
although some complaint is made of the
tightness of the money market. yet the vol
ume of transactions is constantly enlarEing,
many of which involved large sums of
ready cash.
There is a steady inquiry, both in Oak
land and Alameda. for properties to rent
generally of the better character, indicating
rapid growth in population. This de-
mand is so great that the supply cannot
meet il. AS a consequence the builders
trade is very active. and carpenters ma
sons and hnishers are ali busy. New
houses are going up in every direction 1t
is almost impossible anywhere, from North
Berkeley to Fruitvale, Laundry Farm and
Alameda, to get away from the sound of
the saw and hammer. A person competent
10 Judge stated to the reporter that at low
estimate not less than FIVE hundred new
dwellings were in course Of construction
within the limits assigned.
OUTSIDE CAPITAL COMING.
AbObuCi VI HUtc TtDOTltu Dy iNS
dealers is that there is m unusual move
ment of outside capital, and especially from
San francisco, toward Oakland and Ala
media for Investment. The past week has
seen the contamination of several heavy
deals, while. TO the knowledge of the writer,
several others, one OF which goes beyond
the one hundred thousand dollar mark, are
now on the tapis. IL would seem, indeed,
as if the conservative capital of San Fran
cisco was awaking to the great opportuni-
ties presented on the other side for invest
ment.
ITEMS OF PROGRESS.
In conversation with E. C. Sessions,
President of the Oakland Bank of Savings,
it was learned that upon the Dimond Tract,
at the end of the Fruitvale line of double.
deck cars. three houses are being built and
five more in contemplation, as also two GEN
eral stores. About half of this tract is now
sold. Mr. Sessions has also sold three
fourths of the Prospect Hill Tract in large
blocks, several of which are being profitably
subdivided by agents. The Pacific Rolling
Mills began yesterday to deliver rails on the
line OF the Ihirtcenth-avenue horSe-car line
after a delay of over four months, and next
week large force of men will he at work
reconstructng that road. When this is
completed the commodious and handsome
double-deek cars VIII also be run on this
line. giving a splendid street-car service.
Mr.. Sessions states that the dredging on
the new dock is finished. The clay at the
bottom is found to be very hard and serves
admirably fer surface for the warehouse
and wharf spaces, and is answering CAPT.
tally for this. In this do TX work of i'm
mense Importance to Oakland is being
effected.
WHAT AGENTS THINK
The following interviews with few of
the agents and dealers will give an idea of
the feeling and tendency of the market:
Il. A. Heron states that business is good
nc INN nf " Z,
prospect of lively fall trade. The chief
INQUIRY at present is for unimproved resi-.
dence property. that which finds greatest
favor being such as lies along the lines of
new street railway. This is especially
noticeable along the Piedmont cable, which
is building up rapidly. Last week he sold q
San Francisco. aud the one adjoining to
to r. W. Gorril of the Pacific Bridge Com
pany. San Francisco. He also sold a lot to
J. c. Newson, the architect, in the Linda
Vista Terrace, on which is begun $1,000
residence. Other buyers from this firm in
the terrace this week were Mrs. Mary e.
wallace. Mr. Ormsby, the Photographer,
Mr.. Herrick of San Francisco and DR..
Timerman. All of these intend to build at
once. In addition, $500 house is now GO
work is being done in this section-sewering
the streets, laying sidewalks, gardening and
improving.
M. j. Laymance 81 Co. are experiencing
great inquiry. especially for lots On the H.
stallment plan, along the line OF the electric
road to San Leandro. This firm are push