The San Francisco call., 1906-08-06
OAKLAND 6 GROWTH
IS REMARKABLE.
Statistics of Clearing
House Show a Great
Increase in Business
HOMES IN DEMAND

OAKLAND, Aug. statistics taken
from the records OF the Oakland Clear
ing-house, which was established three
months ago by the combined banking g
houses of this city, show that since the
establishment of the institution an i'm
mense amount of business has passed
through the Oakland banks. The totals
for the months of May, June and July,
since the clearing house has been in
operation, were s14,552,9s4.32, $1e,o39,-
4S0.94 and $15,S26,70792. The last is
considered fair average of what the
regular business of the clearing house
will be.
The clearing house will within a few
days remove to permanent quarters
which have been fitted up in the Tele-
phone Company's old building on
Twelfth street, near Washington. The
work of installing the furniture and fit
tings is rapidly being completed and
it will be finished within few days.
The business of the clearing-hou is
one of the best possible demonstrations
of the commercial activity of the city.
and that of the last three months com
pares favorably with any city in the
West. There no longer remains doubt
that Oakland is among the foremost
business cities on the Pacific Coast
<1uOlnSt lnQlCdliOH OI lnS IcCciIt
commercial growth of the city is fur
nished in the report of Deputy Collector
of Internal Revenue William Gilchrist.
The internal revenue office was estab-
lished in Oakland on May 22 and since
that time the collections of revenue
taxes have amounted to $46,828. This
revenue has been collected on goods i'm
ported and manufactured in Alameda
County. Taxes are imposed on beer,
spirits and cigars and there are also a
number of varieties of goods subject to
special taxes.
During the month of July thirty nine
new companies have Incorporated in
Alameda County, the total amount OF
capitalization represented by them be-
ing $4.900,000. Almost every line of in
dustry is represented by, the new COM
panies They include three banks in
Fruitvale, two commercial and one saw
ings institution.
People seeking homes and invest
ments in Oakland, Berkeley and Ala
media have kept local and suburban
real estate dealers busy during the last
month. The agents have found it al
most impossible to meet the demand for
property. both business and residence.
AS for houses for rent, there are prac-
tically none to be had, although every
day there are large numbers of in
Quiries from newcomers wishing to
rent homes in this city.
This increased demand for all kinds
of buildings for rent mas caused a boom
in building operations, and in all Sec
tions of the city, as we'll as in Berke-
ley and Alameda, new dwellings and
business structures are being rushed to
completion. Dealers anticipate that as
the winter comes on the demand for
houses for rent will be still further In
creased and they are using every ef-
fort TO list as many dwellings as possi-
BILE.
Another large tract of land in Fruit
vale has been placed on the market by
the D. Van Buskirk Company of this
city, and a large number of lots have
been sold to newcomers. The tract is
known as Foothill Park and consists
of $40 lots between Hillside and Semi
nary avenues and the Foothill boule-
ward. The street work in the tract Is
completed and cement sidewalks laid.
Thomas s. Smythe, formerly a whole
sale grocer of Pueblo. Colo, has pur-
chased an interest in the firm of Tupper
& Kay. well known real estate dealers
of Southern Berkeley. The firm will
hereafter be known as Tupper, Kay &
Smythe. It has opened a branch office
at University and San Pablo avenues,
in West Berkeley.
Smythe is at present the owner of
some CHOICE property III MS lOIuIeI
home town, but it is his intention to
dispose of it at once. that he may be
free to invest in Berkeley real estate.
He declares that no better town than
Berkeley exists in the West for quick
returns on money invested in property
of any kind.
Through the Office of Hedemark &
Bradhoff, real estate dealers of Berke-
ley, the South Berkeley Commercial and
Savings Bank has purchasd a large lot
at Adeline street and Alcatraz avenue.
1t is the intention of the officials of
the bank to at once begin the erection
of a modern two-story business build
ing. The lot is situated on the north
west corner Of the above named streets,
an~ is 81 by 125 feet The price paid
for the property was $22,5o0.
L. NJ Harrison of Fruitvale reports
the sale of the last lot in the Hemphill
tract, near Melrose. This tract con-
tanned eighty-three lots, and on thirty
of these houses have been erected by
the purchasers.