The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1909-06-26
ACTIVE BUILDING
IN CITY OF OAKS
Contract Is Let for New Home
for One Bank, While
Another Enlarges
Bank CIearings Increase and
Coming of Western Pacific
Helps Real Estate

OAKLAND, June ss--The announce
u1snt that the Western Pacific will be
ready to operate its main line into
Oakland within so days has had a
marked eject upon the local realty
market during the last week and the
demand for property adjacent to the
railroad right of way has been appre-
ciably increased
The publication by The Call of the
southern Pscifc's plans TO build a
fOothiu loop line from Melrose TO San
Iezndro. with electric train service,
placing all Of the district between the
Two towns within As minutes run of
san Francisco. has also caused heavy
demand for building sites in contiguous
sections and several large sales have
been recorded as a result
one Of the most important building
protects undertaken in Oakland during
the last seven days is the letting of
the contracts for the new home of the
Farmers and Merchants bank, at the
southeast corner Of Thirteenth and
Franklin streets. The plans call for
an expenditure approximating $4,000,
exclusive Of the interior fnishings OF
the building. The officers of the bank
are Edison F. Adams, president and
George s. Meredith, cashier
NEW BANK INCORPORATED
Articles Of incorporation of the Lom-
bard savings and loan society of Oak
land were filed in the county clerks
Office Saturday. The capital stock Of
the company is 500. 600. of which $4,000
has actually been subscribed. The in
corporators are ". H. Busch Of San
Francisco and A. A. Sawyer, George w.
Austin, o. ". Wiles and j. w. Binga-
man, all Of Oakland. The company will
have its principal place of business in
Oakland
The Central Oakland light and power
company is wrecking the old buildings
on its property on the east side of
Alice street between First and Second,
preparatory TO the erection of a class
A steel power house for the generating
OF electdicity for light and power. The
new plant will be one of the finest in
the country and the delivery Of current
viii be under ground
A conservative estimate places the
Investment OF capital in permanent i'm
provements 10 be made by the munich
pality, merchants. property owners
and corporations of Oakland during the
next two years at $4,000. 600. This will
include railroad construction. water
front Improvement. park making. con-
struction of municipal buildings,
schooIhouses, business structures and
residences. street improvements and
factory building.
CLEARINGs INCREASE
The bank clearings in Oakland for
the last week show an increase of more
than q half million dollars over the re-
port for the corresponding week of last
year. The figures. as compiled by the
chamber of commerce, are as follows:
a. In o.
week last year. I.22s,52L67.
Wickham Ravens. president Of the
firm OF Wickham Ravens Incorporated.
reports increased activity in building
operations IN the Fourth avenue ter
race district, seven homes now being
in course Of construction under the
new home building plan fostered by
the company. The first house COM
pleted under the company's "one-eighth
down" policy has been completed and
turned over 30 the owner. The com
pany's office at East Piedmont heights
has been beautified by the completion
OF the lawns and the planting Of flow
ers and palms.
There has been a great deal OF inter
est displayed recently in Cerrito park,
the new residence tract located be-
tween Berkeley and Richmond The Ell
Cerrito land and Improvement COM
D6Ala VIII UlLAES III NltC OIAOM
bank building, is in charge OF the prop
erty.
"Of the many improvements contem-
plated in Oakland, one OF vital import
snce is the fulfilling of the promised
railroad development" said William ].
Laymance Of the Laymance real estate
company. With a Is minute service
between the hours OF and 6, to be in
sugurated by the Key Route after July
-.1- Nv 1,n
Santa Fe between Oakland and Rich
mond. Il Is patent that this is caused
by the demands Of increased population
and interurban and interstate traffic"
ENHANCING SAVINGS BANK
The contract will be let next month
for the construction OF two additional
stories on the Oakland Bank OF Saw
ings building, at the northeast corner
of Twelfth street and Broadway. The
heightening of the building will be
carried on without interfering with the
tenants IN any way. Dickey & Reed,
architects, have prepared the plans for
the two additional stories which will
be placed upon the building.
The decision OF the bank directors
70 enlarge the building, which is a
type Of perfect freproof construction,
was based upon an increasing demand
for Office space in the heart of the
city IFS move Is taken as an lnQ1-
cation OF growth, which is most sat
isfactory.
The Lyon storage and moving COM
psny has let a contract for the erec-
ton Of a warehouse IN Twenty ninth
street near Grove. The building will
be OF reinforced concrete, six stories
in height. and will cost $4,000.
BUILDING PERMITS
Following is the summary of build
ing permits applied for at the board Of
public works during the week. as COM
piled by Walter B. Fawcett, secretary:
No. OF
Permits. Amounts.
One story dwellings, .--......-. IL SOS, 80
One and half story dwellings,. ESQ
Two story dwellings. .---....... 40, 239
Two story Eats and stores....-. 4,450
One story store. $50
Two story machine shop...-.... 600
stables and sheds -.--.--...... S25
tsfraEe and workshop 375
Alterations, additions and repairs 10 1885