Oakland Tribune from Oakland, California • Page 35

jfJ I I rnmim tumminnnmn mi mi I wo nil I i miMim OAKLAND, CALIFORNIA, AUGUST 7, 1932 -'ill ml 'V. JLtflLVj' JjRsLrflS 'r Ji- jui 1 1. iij imr i CREDITS DM ACTIVITY REPORTED BFllTll MANUFACTURED IN LOCAL PLANT I GDHPWT I Mil IS I TELLS OF DIE ''HUNCH HERE A ORDERS HEBE IN LOAN BILL ARE EXPLAINED Construction Units Are Built for Firms Use of Short arid Long Term Paper in New Act Is Banking Innovation T. Wood Company Join 1WN. LU 1 5 'JnF'v fc Wtea3SffiL' r-'P I I SO for out-of-town firms and repre- 1 I iVTS a large investment in for out-of-town firms and represent a large Investment In mate If Will I SimiiS 1 Ait'i 1 S3 iff I Two of Oakland's leading real estata firms, White Pollard and the Fre'd T.

Wood Company, have formed a corporation to be known 9 as White, (J 1 1 a- 1 Fred Wood, it Is announced. The new iorporation wlil start op erating on Monday, August 15. An a n-nouncement reads: "This merger brings together three leaders In the local realty field, all recognized wtldq 1I Fx IS; i 4 I if JS5 The Hotel Lakehurst at 1569 Lake Merritt, announces increased patronage due to its program of improvements and re-decoration, and to betterment in business conditions generally. Insert: Mrs. Grace B.

Miles, who has been appointed director of Cuisine at the hotel. ElI PT? I willabd WHITE experts i their several departments. Willard fV. White has been actively engaged In Oakland real estate for the past 25 years, and is an authority on business property. He has been instrumental in bringing a number of industries to this city, has assisted in the growth of the community, particularly in the erection of a number of large buildings.

Arthur Pollard started in business in Oakland about 25 years ago being orlgina-lly associated with -his father in both real estate and Insurance. Ho is a specialist yt he Bale and transfer of city antrcoun-try property. About ten years ago he joined forces with White and jMhas played an important part in ffthe growth of his firm's business. Fred T. Wood has been the fcne'ans -of adding a multitude of homes to the Kasthay area.

His Various subdivisions, scattered i illMHIiYllf The most significant feature- ef the Federal Homo Loan Bank act la the decree to which it separates long-term and short-term oredlt for home financing in the opinion or Lee E. Whltmore, one of the di rectors ot the Oakland Real Estate Board. The mtasure, signed by President Hoover July 22, is al ready In process of being. put Into effect. In an analysis of the mea- sure filed with the realty board yesterday, Whltmore said: xne separation is mane in nam- Ing institutions eligible to join the new reserve system.

Institution which have been making long-term home mortgages are gen erally Included. Short-term credit lenders have not been generally admitted. Another step toward separating short-term and i long term credit is. the amounts for which mortgages may be dis- counted. The new banks are to be ready to loan greater amounts on Ion g-ter amortized mortgages than on.

other types. PAPER SEGREGATED. "Disentangling home mortgage from short-term commercial paper Is necessary if these mortgages are -to again the stability they should have. It is at the same time a step toward lowering their cost. "The segregation is here mad for the first time on a national scale and with a national noncommercial machinery.

It will have ell the effectiveness that opmes from being a part ot federal banking, law. It will insure an intensely practical. but disinterested study qt those factors concerning a home'htortgage which determine Us security. The actual facts such study will uncover are of first Importance both to the borrower and to the. lender.

In the end It 1 those facts which must determine the cost of mortgage the terms on which it can be obtained. AWAIT APPOINTSIEXTS. of the new Federal Home Loan Bank board oC five members, g(ve their full time to the work, will be awaited with the greatest interest. Upon the initial work of this new body depends to a considerable extent the practical results to be achieved by the system. As the new system comes Into full operation it should go far to do the following things: Steady the supply of money Available for home financing.

Eliminate much hazard both for the family acquiring; home and for the capitalist loan- Ing the money to do it. Set up and enforce certain requirements for any mortgage upon which the new banks Will be wining to make a loan. In so dolnr establish a national standard for home mortgages which should protect both the lender and the borrower. -s Make all such eligible to) discount, just as good commercial short-term notes are ordinarily, discounted in our present commer- clal banks, make home mortgage of a type approved by the new federal system much more "liquid than any such mortgages now are, Throw a powerful influence, toward the more extensive us of long-term, mortgage loans ot the "amortized" or "installment" type, Eventually give the horn' buyer and home builder be.tter' terms and lower cost for hi mortgage money. Give a much better geographW cal distribution of money aup ply lor the home builder or buyer.

Send capital, In greater safety, from the money center to any- state, however remote, in which, there is sound for lt. 8" Draw new capital into service for home financing a the need develops." Indications are that the administration will make every, ef fort' tl put the new measure into opera tlon as quickly as possible, Ap- polntment ot the five member ef the new Federal Home Loan board was under discussion by the president at his "Rapidan camp ovJ the week-end, news reports state The Boiler Tank and Pipe Company of Oakland is manufacturing machinery, storage tanks, and many other articles of equipment for California and Pacific coast orders. Above drying ma American Cotton Machinery Company. A 5600-gallon semi-trailer for Company, and a huge "calandria" Sugar Company. Below Gasoline C.

P. ChristensehMenlo Park. Jackson street, Oakland, neajf" EA1 HOTEL Increased patronage enjoyed by the Hotel Lakehurst Is cited by Charles I. Archibald, manager, as an Indication of Improved conditions generally. "The Hotel Lakehurst, serving as a downtown residence for business executives and professional men and women, Is to some extent a barometer of local real eHtate and housing conditions," Archibald stated.

"Because its guests are principally local residents who reside permanently at the hotel, the hostelry Is directly affected by employment and business "During the past two weeks we have experienced a greater demand for our type of accommodations than during the same period in any previous year. The dining room of the Lakehurst is alNo enjoying increased patronage. The Increased volume Is partly explained by the fact that the dining room has become very popular since Mrs, Grace B. Miles recently assumed direction of the cuisine. It also indicates that many Eastbay people are dining out and seeking recreation." The Hotel Lakehurst lor situated at 15(19 Jackson street, near Lake.

Merritt, Prepare for Crew Regatta September IT has been set as the date for the annusl crew regatta of the Industrial Athletic Association, and some of the men and women oarsmen who will compete have already begu4)ractlce on Lake Merritt. The men's crew will race over a one-half mile course In cut-down gigs, and the women will race over 220 yards in salmon boats. The men's crew will consist of 6 oarsmen, a pilot and coxswain, and the women's crew will have 12 oarsmen, a pilot and coxswain. -In addition to these main events, the regatta committee plans for canoe races, canoe tilting, row boat races, tub races, and a crew dance. Arrangements are being made by George R.

Vestel, supervisor of industrial recreation, Helen B. Hop kins, his assistant, Dennis Kennedy, and Doris Lenheim, commissioner of crews. The championship baseball aeries of the Industrial Athletic As soclatlon closed yesterday after noon with championship games in Classes A and at the Oakland Coast League Ball park. At this district, have added thousands of residences to Oakland lone, and creased the value of large tracts of unimproved property. Pome of his most successful sub-1 i 1 Ions ihave been.

Vl.akeiv(ioJ Parkf Lake-Bhore Terrace. Pied- Realty Transfers Show Increase in Eastbay FINANCING BF HOMES AIDED At Oakland Factory MeDonousfh. owner and manager of the Boiler Truck fc Tank 800 Seventy-fifth avenue, reports the completion or numerous jobs during the past few months. 'The majority of the ods were rial and labor," states Ateuonougn. Amontr the contracts completed were ten cotton-drying machines of a new type and design.

Ihese machines, It Is stated, capable of drying cotton In 80 seconds and measure five feet in diameter by four feet In length. They are being distributed throughout the various cotton-growing centers by the American Cotton Machine company. A 5600-gallon capacity gasoline tank, mounted on a truck and soml-traller, was recently delivered to tho Thrift Oil company, as well as a huge "calandria" used in the process of sugar manufacture by the Holly Sugar company. A shipment of six above-ground storage tanks was recently made to C. P.

Chrlstensen at Memo Park These tanks, three of capacity and three of 3000 capac ity, were erected by and connected readv for use by the Boiler Tank and Pipe company. A huge heater for the Fibre- board Products plant at Antioch was also completed In the shops of the Oakland company. McDonough states: "With the recent erection of an addition to our present 'plant in order to provide space for equipment installed, our range covers boilers and tanks of every size and type. Including tanks for home use, factories, fuel oil tanks, gasoline storage tanks, air tanks, ice refrigeration tanks, gravel bins, boilers, The firm manufactures both the riveted and welded types of tanks and In addition will now manufacture hjdro-pneumatlo tanks. The Boiler Tank Pipe company was founded In 1924 and now occupies a leading position among manufacturers of steel tanks on ihe Pacific coast.

New Machine Perfected Here The M. II. Dry Cleaner Manu facturing Company has recently develoi ed a special filter machine for small dry cleaning plants. This company was established St 1060 E. 12th street several months ago and active production has recently been started.

Tlie product is known as the M. IT. Carbon Tetra-chlor-ide Filter and is made under ling-Ilrih patents. Two persons are employed at the present time, and 2200 square feet of floor space are occupied. It.

II. Morehouse and B. B. Harris are the owners. Sulfur Fumes To Be Ended By Scientist Discoveries announced by the American Chemical society promise to free cities from the dangers of sulfur dioxide, the noxious gas from which tho smoke problem chiefly arises.

Sulfur dioxide, which Is unavoidably formed in the burning of coal, and which, escaping from Industrial smoke stacks, causes heavy losses in corrosion of buildings and menaces health, will be eliminated the atmosphere if a method successfully worked out In the laboratory by Dr. Robert D. Snow of the University of Illinois becomes industrially feasible. solving the problem theoretically, shows that the sulfur can be removed from the coal before It Is burned, Meantime the hazards of sulfur dioxide, to which Is attributed the loss of sixty lives in the poison fog which overspread the Mouse valley ot Belgium in December, 1920, have been minimized by the work of chemists In the Department at Washington, Through a new method, extraordinarily small concentrations ot sulfur dioxide can be detected In the air, thus making it possible to ascertain in advance whether a concentration dangerous to life and health, such as is supposed to have happened at Liege, can be built up without warning. Dr.

Snow's method Involves the processing of coal at the mines before it Is shipped. The coal is first ground, and then treated with an acid solution of ferric sulfate. The treated coal Is washed and heated in the presence of hydrogen. The hydrogen removes the remaining sulfur in the form of hydrogen sulfide. Industrially, It Is suggested, part of the sulfur can be recovered for commercial use.

Some coals contain from two to 4 per cent of sulfur. As much per cent of the sulfur originally present in coal can be removed by this process, Dr, Snow says. Even in very dilute quantities, sulfur- dioxide in tho air, it is explained, will corrodeteel and other metal objects, and is destructive of marble, brick ajid mortar. In more concentrated amounts, it is deleterious to vegetation and human life. Presently the problem of the cities Is to keep the concentration low enough to prevent damage.

Paint and other protective coatings are now the chief means of preserving structures attacked by the gas. The method developed In the government laboratories to detect and determine the extent of sulfur dioxide concentration In the atmosphere was reported to the chemical society by S. W. Griffin and W. Skinner of the Bureau ot Chemistry and Soils, They described a new apparatus by which sulfur dioxide is absorbed In an iodine solution.

From the amount of iodine used up the chemists are now able to calculate the percentage of sulfur In the alf. Peril from poison fog. it Is believed, hflnld in the fu'Vire be almost impossible. 1 Aji increase of more than 7 per cent in the 'cumber of Kastbay realty transfers Is shown by the records for the first seven 'months of this year over comparable figures for Inst year, according to an Oakland Real Estate Board analysis of official data reported by County Recorder G. W.

Bacon. Increases In realty activity as Indicated by deeds recorded, are re flected by the seven months totals for nine of the 13 major geographical districts of the Kastbay urban area Into which the realty board has divided the territory for the purpose of the survey. Deeds to 9507 pieces of urban real estate have been recorded thl year up to August 1 while the com parable total for 131 was 8866, the realty boards data shows. Comparable seven months totals for the two periods for each of the districts Is as follows: District. 1912 1931 Downtown commercial area of Oakland lit its Eitmrr to t'wfnty-nlnth itritt, Fillon to Murkit Itreell.

North-of-the-Lake district 8I 821 Braailwiy to ptrk bmilRvirtl, Uk Murltt to tho rlMmont llu. rnont Park, AKTHUa POIXAED Jjakcmont, Edgmont, Piedmont Highlands, Mills Gardens, The Oaks in Piedmont, Fernwood, Claremont Highlands, Fernslde, pest Manor, Aid more, Kstudillo JOstates, Park and others. In these subdivisions he has been re-pponslble for the building of over itOOd homes. Unlike most combinations there frI1L be practically no reduction In tether fit'fice fore or other employees. The.

Maff of salespeople alone will number close to 75 men and women, all specialists in their IlltuUr fields. "As the offices now occupied by the two com paniei at 1723 and 1725 Frank-adjoin, there will not be a chang of l' ykJi i address, 0 WauteVV in the size FRED T. WOOD of the fcremlBeg occupied. A large arch-(way will be built to connect the two main offices, and other necessary changes will be made to give the new corporation unusually (complete and well-equipped headquarters. The organization will operate In bvery known form of real estate Activity; including business property, industrial property, subdivisions and country property; loans, home building, renting, leasing, appraising, financing, auction department, exchanges and a fully equipped insurance business.

IT XX fi- 'f-, East Oakland 15.19 1303 Kttuiry Hoikln itrept, Tark boulevard to Seminary avenue. ElmhuiKt area 1452 1213 Kituary to Kwithtll boulevard. Seminary avenue to the San anclro line. Hlllslrlo diHtrlct 1 092 1163 Grizzly to Lake ChalnA, north nf HfiUni Itreet and Foothill boulevard. Went Oakland and Eiiiery- villn 554 4C2 Kilusrv fo Ali'iitrm: avi'iiup.

Itayfhore to klarket and Weit itrt-ela. North Oakland 702 603 Twenlv-nlnlh ilrt-et lo the Berleley line. H.rVct and Writ treela to Hie i'ledrnont line. San J.eandto 312 304 Piedmont 217, 211 Alameda 546 1 Southern Berkeley 648 690 Bancroft wiv to the Oakland line. -Central Berkeley 650 563 Bancroft way to Eunice atreet and Albany line.

1 North Berkeley Albany 724 764 A total of 1210 transfers of title were recorded during July, reflecting a seasonal reduction amounting to nearly 10 per cent below the June figure. This Is approximately the same ratio reflected by the records of former years and customarily marks the low point in the an nual trend of the realty market, pers to send consignments of any size without waiting for the concentration of the 100 tons minimum formerly required by shipping companies. A large meeting of shippers, merchants and others interested in the port will be held at the Hotel Carqulnez, August 9, according to announcement by W. W. Scott, head of the traffic committee under whose auspices it will be held.

The whole story of the recent favorable developments will be set forth at this meeting and community campaign will be urged to develop business still further. Additional manufacturing facilities, to take care of increased demand for Its mayonnaise products, will be available to the Kraft-Pheniz corporation within 60 days, in a four-story and basement building on which construction now Is under way, adjoining tho company's western headquarters on Battery street, San Francisco. Construction of this new building was made neceeeary, according to H. S. Brown, general manager of the Pacific coast division of Kraft-Phenix, by steadily expanding business since tho company established its manufacturing and P1) on this coast.

FIRM BUILDS NEW FACTORY chinery for the Center the Thrift Oil for the Holly storage tanks for WINNERS DEI 5 Charles W. Keppel, ot 6331 Shat-V tuck avenue, was the winner of a first prize 15 $1000 In the recent nation-wide "Hudwelser Malt Con test sponsored by Anheuser-Busch, Inc. of St. Louis The check was e-sented to Keppel, a carpenter by Bart Jl scomber, former all American loot-ball player, s'ules I for Inc. Another s.

I jsjeiSpwesreWvirtoavi.ev.v.vweiAMA- prize win- vrppFT ner was J. A Garrnd; of 725 Pine street, San Francisco. Commenting on the success of the Budwelser Malt contest, Bart Ma comber stated: "This contest was and was participated 1 by more than 600,. 0 0 0 persons; The bay region the' first five prizes one of the ten fifth prizes." The contest Judges were: Vic- el AIT KAOOITBE. tor J.

Miller, mayor of St. Louis; Walter D. Welsenburger, president of the St. Louis Chamber of Commerce, and Hubert J. Echele, president of the Advertising club of St.

Louis. 1 1 Paper Box Concern Starts Operations The Boxcraft Paper Box company has started the manufacture of fancy candy and setup paper boxes at Ird and Madison streets, Oakland. A lease has been obtained on 10, 000-square feet of floor space, and it is expected that five men and fifteen wqmen will beifmployed regularly for the manufacture of their products which will be sold under the trade name. "Boxcraft." The products wllLbe sold from this plant to customers throughout Northern California. The officers sre: L.

M. 8utter, president; A. E. Coolidge, vice-president, and C. II.

Woessner, secretary and general manager. Truck Driver Safety Award Is Made Here Three Oakland truck drivers were awarded medals by the National Safety Council in Chicago for scoring a nationwide traffic safety record. The three drivers, employees of the Beklns Storage company, received their safety medals from Ralph T. Fisher, president of the Eastbay Safety Council. Recognition of the three Oakland truck drivers was based on the number of hours they have driven motor trucks without The drivers are Leo E.

A. Dame and R. L. Barker. are credited with driving for more than one year covering many thousands of miles more than any other similar truck driver without a single mishap.

Development of Port Of Richmond Is Told Simplification of home financing and the stimulation of home building will be the effect of the Fed- a eral Home Loan bank now being tablirjhed as the result of con-g SMional legislat 1 Ig ed by Ident Hoover July 22. a 1 ng of credit for purposes In this community is already observed although the Institution will not be In actual eratlon for 60 or 0 Mays, ac- a cording to I. T. ITETEBSOH. W.

H. Lelmert, chairman of the Oakland Real Estate) board home-building committee. Detailed explanation of the enterprise and Its operation is to be made in Oakland August 19 by Lawrence T. Stevenson, president of the National Association of Real Estate boards, who has been personally In charge at Washington of the association's efforts on behalf of the legislation. Stevenson's address is to be given at a public reception tendered to him by the allied realty boards of the East-bay.

Stevenson" is one of the leading realtors of the United States, past-president of the Pittsburgh, Penn. realty board and one of the' most successful subdivide of the country. He was one of the leaders of the realtors' national organization which originated the federal home loan bank plan and called it the attention of President Hoover. His forthcoming visit to Oakland Is made during his first official tour of the country since his election to the leadership of the national realty fcody. Scenic Highway 1 Through Sierra Description of what Is known a "one of the most Important moun tain scefiio highways ever undertaken in the United States," has just been received by the Oakland Chamber of Commerce.

It tells of the Sierra Way which extends mors than 100 miles through the Sierra with approximately 200 miles In the Ban Joa-quln-SIerra region, and E0 miles in Fresno county. According to the article, Sierra Way is nearing definite realization and will bring the traveler to such attractions as Mt. Lassen, Yosemlte, General Grant and Sequoia National Parks, Mt. Shasta, Mt. Whitney, and Tahoe, ponner, Bass, Almanor gnd -Shaver lakes.

OakUnd'j Value" Dim ner served daily nd SUNDAYS. Old-fashioned Amcrl can o'o i i prepared by women under, the persona! supervision of Grace B. Miles, Horse Ranch renowned East Bay tdteres. rt. i-pw 15 IVI RICHMOND, Aug.

Important recent developments are putting the port of Richmond more than ever on the map of the world. These development are three fold and have brought the Richmond port a huge increase in business with the promise of more to come. The developments may be listed a follows: Action of the Atlantic conference in putting Richmond on a basis of complete equality with other "bay cities as regards cargo coming to the Pacific from Atlantic ports. This has made it possible for tho Rheem Manufacturing company to set up Its entire manufacturing work in Richmond, and the company has already begun to receive aheet steel from th home plant of the Bethlehem company at Sparrow Point near Baltimore. The first cargo came on the steamer Flomar of the Calmar line, docking at the outer harbor and being welcomed by a group of civic and business leaders headed, by Fred D.

Parr of tho Parr-Richmond Terminal company. 2 Inauguration of a direct Euro-, pean shipping service, made possible by the routing of a large volume of new cargo through the port of Richmond. This is general cargo, with certain California agricultural products predominating. It goes direct to Liverpool. The first ship of this new service was tho Norman Starr, which took on aev-eral hundred tons.

The next caller in this service will be the Seattle Regular sailings about once every 20 days are now in order, It was announced by P. M. Sanford, president of the chamber of commerce. 3- Abolition of the 10 0-ton mini, mum for shipments leaving RIchna.ont1j.yhls enables Local ship-, A MONTH furnished uest rooms an Oakland's new resi de'ritial. hotel as low as.

$25, month $15 tach for 2 per sons. With 2 meals daily. $37.50 a month each for 2 per fiifpiciioi invited. Uitt to the State A crowd of more -thanji'5, 000 bersona gathered at Pom'dna recently to witness the official presentation of the famous W. Kellogg Arabian horse ranch to the Btate of California.

The ranch, the only one of its kind on the American continent, will be known as pie W. K. Kellogg Institute of Ani-' pial Husbandry of the University bf California, and will be maintained by the university as a breeding school and agricultural testing ground. Kellogg's gift included hot only the 750-acre ranch, improvements and 87 head of pure Arabian horses, valued at more than $2,000,000, but carried a $600,000 perpetual endowment for the carrying on of the ranch in Qatitute. HOME OF AVOCADO San Diego county- Is the home IU! I Charles t.

AircliIbc'J If rdy IlUC Manoger lEi? jackscn Ik if bf the It has more than 000 acrea In avocado orchards, of Which only 200 acre la more than WW KfM'llWt..