The San Francisco call., 1904-03-07
DEALERS FAVOR
BOND ISSUE
Oakland Real Estate Asso-
citation IndorSes Action
Taken by the City Council
REALTY MARKET LIVELY
Good Business Locations Are
Being Sought With Avid
ity by Prospective Buyers
Oakland Once San Francisco Call,
Ills Broadway. March 6.

Ills Broadway. March g.
A resolution indorsing the action
OF the City Council in deciding to sub
NIT g proposition TO the citizens OF
Oakland TO issue bonds for needed
public improvements was adopted
by the Oakland Real Estate Asso-
ciatton at the last meeting of that
organizstion, and a bond committee,
which viii act in accord with like
committees from the Board Of Trade
and the Merchants Exchange, was
appointed. The members of the
bond committee are H. B. BeIden. A.
J. Snyder. James s, Naismith, John
7. Bell and c. H. Taylor.
The plans for the proposed lake
park between Eighth and Twelfth
streets were examined and the
mem bers considered the allowance
made IN the proposed bond issue very
reasonable in proportion TO the i'm
portance Of the Improvement The
members OF the Oakland Real Es-
tate Association believe that the peo-
pie OF Oakland realize the need of
public improvements and they are
satisfied that the bonds will carry.
Real estate dealers report that the
market, during the two months just
passed. has far exceeded all expecta-
tions. and they say that If business
keeps Up as II has begun. this will
be the greatest year for real estate
ever known in the history of the city.
Although early in the year. much
building is already being done. and
w-f11 % he
gun as soon as the weather settles
one large contract for the erection
Of ten houses on Apgar street was
recently fled by G. T. Johns, who has
let the contract 10 c. n. MacGregor.
The ten houses viii cost s15.594. In
spite Of the large amount of building
which has been done during the win
ter and the early spring, prospective
renters find Il difficult to secure
houses OF any description, and nearly
every structure which is built 10 rent
Is taken before il is completed.
Frank J. Woodward. president Of the
oakland Real Estate Association, in
discussing present market conditions,
said
The regular spring business is just
commencing now and the market is
exceptionally good. Quite a good deaf
OF outside capital is coming in and We
have many inquiries for business and
residence property. with but few offer
iugs at present, as owners seem in
cliled 10 hold on and await the open
ing Of the summer market. Desirable
business and manufacturing sites are
hard 10 secure. and il is almost impos-
sible 10 get enough houses to supply
the demands OF incoming renters.
II the present activity keeps UP this
year VIII be better than last. and 1903
was the best year in the history Of
Oakland for real estate"
William J. Laynance said: There
has been a general advance in all de-
ps-tments Of the realty market and
property values and rents We're never
IN better condition than at present. and
plans are being prepared for several
more large business buildings which
VIII afford more room for stores. Much
outside capital is coming into this city
for investment. probably more than
ever before at this season Of the year.
This influx IS largely due 70 the fact
that the san Francisco Call is running
the news from this city in all editions
Of the paper and letting people in other
parts Of California and in other States
know what is going on here. I have
met several business men who came to
Oakland from outside the State and
who have since located here. who have
told me that their attention was first
called 10 this city by the Alameda
rr-~r I'll.