The San Francisco call., 1910-08-27
RAILROAD Affects
REALTY MARKET
Western PaciiC's Advent Has a
Strong Influence on Increased
Activity in Business

OAKLAND. Aug. 26.-Among the
many recent events that have marked
the wonderful progress of Oakland and
assured her future growth and pros
perity none stands out more strongly
as a factor in the development of this
community as q shipping and CONNER
cial center or in its direct influence
upon real estate than the advent of
the newly completed transcontinental
Western Pacific line The arrival of
the first train, with its attendant great
demonstration, not only marked the be-
ginning Of new dispensation in the
industrial expansion OF Oakland, but
also made truthful prophecy of untold
opportunities for realty advancement.
Already inquiries have greatly in
creased and real estate dealers s~G
unanimous in their declarations that
no time have so many sales been in
sight or prospects viewed with such
optimism as now That the coming of
The Gould line is largely responsible
for this condition is the expressed
opinion from all sides. The opening up
and bringing into direct communica-
ton with this city Of one Of the richest
and most promising sections of Cali
tornia and the exploiting of Oakland's
advantages TO every point reached by
the agencies and literature of the rail
roads now i'm healthy competition has
caused an unusual impetus in the mar
ket. The attention of other roads has
been drawn 10 the resources, develop
ment and advantages of Oakland as a
terminus. which nas not been without
fts eXhilarating effect.
CITY MAKES AGREEMENT
In addition 10 the influence brought
10 bear upon property Improvements
and values by the advent of the West
ern Pacific, notable events have Oc-
CURED in which other lines have fig
ured An agreement between the
municipal government and the Southern
Pacific company has been reached re-
sarding the terms Of a so year lease to
a strip OF the western water front, in
cluding the mole. whereby all questions
which have been She subject for con-
tentiOn and costly litiga ti6n to both
the municipality and the corporation
for 40 years have been adjusted and
the municipality's sovereignty over its
water front established. improvements
made 10y the railroad company outside
the low tide line Of 1852 and the leased
property viii revert TO the city at the
expiration of the lease. The railroad
companies with leases on the western
Na1er front are now left free to cerT1
out the vast improvements they have
planned. involving the expenditure of
many millions Of dollars, and all the
territory tributary to them is bound TO
be greatly affected. Municipal dock
construction along the southern water
front Is under way
Realty dealers in the Fruitvale dis
trict announce a great increase in val
Ues, caused by the contemplated extern
sion Of both the Liese avenue and Di-
mOnd car lines TO connect with the
California railway line and the pro-
posed extension of the Twenty y-second
street line of the Key Route The pre-
liminary work has already been CON-
lnenced.
PROPERTY SALES NUMEROUS
Property sales and a demand for
creased transa actions having been re-
corded during the last week A deed
for the Carl Schilling home in Walls
worth avenue in the Linda Vista ter
race district has been recorded through
the Realty bond and finance company
The buyer il Wilbur Wilson, and the
terms are private. Among many new
modern dwellings of the more costly
character that are being erected are
those of J. P. Christensen, 242e Bright
on avenue; W. c. Otterman, 2567 Divi-
sion street; John Refining and w. D.
Hubbard, 249l and 2495 Thirteenth ave
nue., and p. J. Nicholas, $50 Thirty
seventh street.
Following is A summary of building
permits applied for at the board of
public works for the week, as COM
piled by Walter B. Fawcett, the sec
r-erarv-