Oakland Tribune from Oakland, California • Page 28

OAKLAND TRIBUNE, SUNDAY, JULY 11, 1937 V-f NEW MOMES OPEN TO PUBLIC TODAY IN OAK KNOLL TRACT ONE OF MANY NEW OAK KNOLL HOMES IN BREUNER DISPLAY HOME Hammers at San Jose Loan Firm Prospers Savings Investments On Increase; Interest Rate Is Raised Orinda Busy Score of Dwellings Under Construction And Near Completion With hammers pounding and saws I Knoll Wins orjularity II Display Horn Atirscfs Interest Citzy Putlic. A substantial increase in savings Investments is reported by Officials of the San Jose Pacific Building and 4 Loan Association, which recently singing a new skyline is rising out in the sunlit valley of Orinda. More than a score of dwellings ranging from modest structures of the bungalow type to large country residences are nearing completion daily. "In all the years that I have spent obtained approval for Federal insurance of its accounts, and also credited interest to its investors at -i the rate of 4 per cent per annum. Attesting the growing popularity "Many Investors of this institu in this district" declared Kenneth i interest in Oak Knoll, the attendance it the tract and the tion, which formerly operated offices at 16th and San Pablo Avenue, are increasing their invest Allen sales manager for Mitchell Vt Austin exclusive agents for Orinda properties "I have never seen any ni.

bed display home, occurred -r the week-end, according to of- J.s of the Bohannon organiza- "THls fact if ai gratifying as it thing like this. ments In this institution," announced H. H. Madsen, president of the association. "Most of these savings in unusual," itatei Davia uonannon, past experience had tended to a rule of fewer visitors on "Probably it Is due to the fact that people are finally convinced that the low-level tunnel is soon to be an actuality and Investors like to get in before the rush of buyers carries off the best building sites '-end holidays.

Despite this ncy, there were more people available. This on of lovtral Individually designed, modern, residences that are open for Inspection In the Bohannon organization tract. Five and six-room homes are available. A Breuner furnished display house Is also an attraction in the scenic Oak Knoll district Cak Knoll on Monday than on day since the mammoth home "Hundreds of home-seekers have visited our "home of ideas" and have project was announced ajx i ago. looked over the display of fifty-and more architectural drawings for 'from the comments of our we know that they are fast homes of all types.

Realty Loans for Past 6 Months "Orinda has enjoyed over many vestments are placed by mail without necessity of investors visiting our offices at 81 W. Santa Clara Street, San Jose. Entries in ihe passbooks record each addition to the savings. "We attribute this gain in savings to the fact that investments in this institution up to $5000 are now insured by the Federal Savings and Loan Insurance Corporation of Washington, D. C.

Membership in the Federal Home Loan Bank System increases liquidity of the institution. Even without this membership earnings of the San Jose Pacific have been very satisfactory and the association is in a splendid liquid condition." Economies of operation have been largely responsible for the progress of the institution, according to Madsen, who points out that both Insurance of accounts and member to the realization that Oak 'luxury homes' have raised s'andard of construction for five years low tax rate, excellent eight-grade school, churches, Mnkelumne water, electricity and a good shopping center. Now comes word that dwellings, at the same e.Tecting a material reduction Attain New Peak for Eight Years cost to the eventual pur soon gas connections will be made so that every comfort enjoyed by the city dweller will be available for the i the demonstration home, fur 1 bv Breuner's. the convert' Temporary Licenses Out Oakland Realtor Approves Move Of State Officials No more "temporary salesman" licenses will be issued after December 31, 1937, by the State Division A total of $33,545,816 lent on East- resident of Orinda." bay urban real estate during -the Vii 1017 2.12 ner cent room is highly appreciated. At 5 8 te tha the total of mortgage 3 or den, with a studio couch inr thi.

district dur- of money lent during the first six months of 1937 and the comparable period of 1936 by each of the six classifications of lenders. (See table below), Banks have appreciably Increased their relative position in the local mortgage market, and that of Federal savings and loan associations is Flowering Trees V.i!w ing the comparable period of 1836 ecause of the connecting M.itn ship are granted only after rigid is a very practical arrange- 1090 Oakland examination of the management This design also adjusts ltseir frnm Heal Estate Board finds from analy and the valuation of assets. The picture ihowi a view In one the bedrooms of the Oak Knoll display home, which the Breuner decorators have furnished In the modern manner. The home Is open for combination as a maid's steadily advancing, while the part sis of official data released by Thrive Here tacause of the access to the taken by private capital is notably of Real Estate, Governor Merriam having signed the amendment bill rwtion of the home, A II less than in former years, the rea County Recorder G. W.

Bacon. Federal savings and loan associations have increased their volume sitting and sewing room are purposes for which the room is By George C. Roedlng president ord shows. MORE BANK LOANS California, Nursery Company Insured Housing Plan Outlined urged at the last session of the Legislature by the California Real Estate Association and its constitu adapted, of loans by 84 per cent, and banks by 34 per cent. Home Owners' Loan uuhtfh nhnnrhed 4 toer From 30 to 35 per cent of Eastbay Summer in California is essenti kitchen has been highly com mortgage money formerly was sup Berkeley Realtors Select ited for many of its features.

th. tnt. mnriaaae loans plied by private capital, and 45 to c-ramic tiled counter shelf ad- th half of vear jg not ent local realty boards. Such licenses can be procured during the balance of the year, but will expire 50 per cent by banks, whereas the I the range, a tile that if.un- lendina. Building loan and i by hot utensils and Bljhost rmMni ha increased quotas for the first half of this year are 19 per cent and 56 per cent re ally season of colorful annuals such as marigolds petunias, zianlas, etc.

Summer flowering trees, except for the Red Flowering Eucalyptus, are rare. There are two trees from Australia, however, that bloom through June and July. Hymenosporum flavum would ne to scratches, draws aMira- neary 70 cent witn an otner regular licenses at 7 Homes for Sunday Show the end of December. rs aoes me cooler wnose an- T. tn)nl nf mortfiflce loans re- 1 design provides metal veg- ff 33 per cent "Elimination of the 'temporary' spectively, The total of new loans exceeded the total of liquidation by more than $13,000,000 during the second t-flys, and ant-proof she ving.

ter than for May the reaUy Mason-McDuffle Company, Berke salesman license is a marked step Plans to give the family borrowing mortgage money, insurance protection, of a nature quite apart from that which lenders get under the mutuaj mortgage insurance arrangement, are developing In several thrift and home financing institutions. The United States Building and Loan League suggested the possibility that the "insured borrower" may be the rule rather than the exception a few years hence. ley realtors, have selected seven In advancing the professional probably be better known if it had an easy common name, but so far, boards records snow. re. and the shower compart- ertro standards of the realty business and homes to feature in today's "Sun tive oaks and bay trees.

Adding to the rural atmosphere are several large rocks in which are historic Indian caves. The entire property commands an exceptional view. If fully tiled. These are both no one has invented one for it. It is quarter of this year, the comparable figure for the first quarter being $7,500,000.

Realty board records show that mortgage loans of this meets with the sincere approval of day Home Show," according to an announcement made yesterday. cd features. Indicative of the trend of mort- a tall, slender tree, eventually reach all realtors," said Fred D. Kaiser, ssvernl homes of five and gage financing in this area as com- president of the Oakland Real ing a height of 25 to 30 feet. In late April it opens its first blooms of built to this same high pared with that 01 a year aao is ino area exceeded liquidation during the first quarter of this year for the first Estate Board.

"All have recognized desired, the buyer could sell off two sites without disturbing the view. completed and open for following taDie, wnicn renews creamy-white and yellow. The individual blooms are an inch across 1, Cak Knoll presents many number of mortgages and the total I time since 1929. it as Illogical and irregular, and it should have been discontinued long ago. to the home seeker, and 1 to the tract are neces- 193J No.

Amount "When 1 license is Issued by the fder to learn its many ad- Banks 3338 $19,005,195 i tan 9n7ni and borne in loose sprays, only a few opening at a time so the blooming is much longer thtn that of most trees, usually continuing for 8 to 10 weeks. RICH FRAGRANCE iAie insurance ciHuyHiues. no.l is reached by way mnHBni State of California to realty broker or salesman, it should be evidence, as it is generally assumed to be, that the licensee is not only honest but knows ho to handle Featured home of the group is located at 1844 Yosemite Road in the heart of the Thousand Oaks district. Other homes in the group are located on Grizzly Peak Boulevafd, Spruce Street, Arlington Avenue, Creston Road and Shasta Road. The homes include designs by Architects Edwin L.

Snyder and Frederick L. R. Confer. "The featured home of this week's home show, will appeal particularly to those who want a spacious site," one of the officials of Mason-McDuffe Company said. "The site contains three-quarters of an acre of land, and the modern home nestles in a setting of century-old na- v.nue from Foothill Boule- 942 1936 No, Amount 3123 $14,136,177 221 2,295,335 618 2,467,775 2545 6,364,006 ,,.432 1,1,19,143 256 850,812 7295 $27,224,190 4,290,200 6,317,724 blowing the Bohannon signs, Private 2809 The flowers emit a rich honey like fragrance somewhat like that H.

O. L. Federal savings and loan the business entrusted to him. To that end, also, the real estate com Cooperative bankers in Massachusetts, whose institutions are the same as savings, building and loan associations in other States, have just launched a program which is the first in the Nation to give organized emphasis to the plan to safeguard the borrower's family in emergencies. Many scattered institutions in other parts of the country, however, have used it successfully in their depression lending activity.

A working agreement between the associations and established life insurance companies for payment of the outstanding amount on the loan immediately upon the death of the mortgagor and head of the family is the core of the plan. of Pittosporum undulatum. In cen 1,315,019 associations 401 roll's Works City's Growth tral coastal California the tree is entirely hardy. In seasons of severe missioner is steadily increasing tha severity of his official examinations and with the announced objective of making the realty broker ex Total of loans 7878 $33,545,816 "A wide variety of designs and floor plans is offered In the other homes open on Sunday. The home at 565 Spruce Street, for example, features the popular Monterey type of architecture, while the one at 91 Arlington goes modernistic with a copper roof, sundecks and sheltered patios.

"Number 2753 Shasta Road is one of the most interesting new two-bedroom homes in the Berkeley hills. Designed by Frederick Confer, and built by Rapdolph Parks, it Is an architectural gem in a beautiful setting. "Architect Edwin L. Snyder designed the six-room French Colonial home at 698 Grizzly Peak Boulevard, and 'Randolph Parks is the builder. J.

M. Walker is the builder of another interesting four-bedroom home at 585 Grizzly Peak Boulevard, Here also an attractive patio adds to the beauty and utility nf the home, furnishing the 'outdoor living room' that so many modern buyers demand." Continued From First Page cold it drops its leaves but ordinarily remains evergreen all through the year. Its best location is at the amination ultimately as exhaustive Interurban train system, as that for admission to the bar." Reinvestment in Homes Shown will be put into operation back of the shrubbery border where its slenderness lends Interest to the laaa, skyline. cf the railway viaducts will In recent years Bottle Trees have Interurban Electric Rail Locol Loan Company Now in New Offices been planted quite largely as street Bridge Trains In a As Large Factor of New Buying trees because they have a long top 8 Southern Pacific Mainline There is considerable variation In the color of the blooms. CREAMY-WHITE BLOOM Some of them art creamy-white and buff, others are a dusky pink with chocolate throats.

After blooming the trees are hung with pods that opens at one side showing yellow seeds within like little men in a Local Loan Company announces root and few lateral roots to interfere with sidewalks and drains. Few 1 a point west of the Juno cf ZOlh and 82nd Streets. By MORTON J. A. McDONALD Lightness of peach crops in the Southern States, which provide competition for California growers, may strengthen this year's market.

Short crops in the ten States affected were reported by the California Tree Fruit Anreement. the removal of the firm's offices from the Syndicate Building to Suite 309 Latham Square Building, people realize that as mature trees they produce myraids of dainty fid North Oakland will enter "Why They Bought Their Homes blooms hanging in large sprays like from the north, those from was the subject of an investigation boat. daintily colored lilles-of-the-valley. and South Oakland will recently conducted by tne weat i- irom the soutn; approacning uoara 01 mnuinun, bridge over a common track, findings have been most hclpiui io descends from the viaduct to realtymen of that ciiy in appiu- nnnr! unlit It i-Ikp iiffaln nvfr InC new home DuyeiS. cond overhead at a point ap- Three principal questions were occupying new and larger quarters.

According to A. Hutchison, manager of the Oakland office of the firm, the move was made necessary to meet the growth the company has experienced since opening in the bay district early in 1928. In addition to the Oakland office, the firm maintains six offices in other California cities and has branches in major cities throughout the United States, with execu- tive headquarters in Chicago. -ately 4000 feet west of the put to tnose wno naa ret-euujr ii.e tracks of Key Route trains, was answered through the method 01 cnecKing some ou juuuuh yards are also being con- -d on the Key Route Fill, ex-1 nfnt broucht out by the east and west opposite the nrvfv was that 68 per cent of 1 laza. these new home owners had never imatcd Quantities for the train hofnr.

nnrrhased oroDcrty. More mm ana tne storage yards are: significant still, 31 per cent naa ue 3 Pounds Structural Steel In with their first invest- P. overhead and 2CfB Street ments that these sales represented reason, however, the point resolved itself into a phase or characteristic of that location. Reverting to the fact that 58 per cent of those answering acknowledged their first purchase, the Madison board drew the conclusion that realty men should be careful, both in their advertising and in their conversation, to avoid the use of technical terms and trade phrases in general use among investors and brokers, since obviously the person who has had no previous experience in realty transactions may be mystified and perhaps repelled by references to technical details of the transaction or unfamiliar characteristics of the property. The fact that 37 per cent of those approached willingly filled out the questionnaire establishes the fairness and accurary of the findings.

Indeed, many of the new buyers were so interested that they voluntarily added particulars not included in the questionnaire. LOCATION STRESSED Although an investigation might seem to be of less value when confined to a single city, the findings were for the most part consistent with those of the earlier venture mentioned above. Divergence, for the most part, was on points most readily influenced by changing financial conditions In the country at large. I The dominant motive of location, the Influence of neighborhood on the buyer's decision, would seem to Crossings. 1,400,000 Pounds in each case a second venture, SEE THE "LUXURY" HOMES AT tural Steel in Catenary pmrs" irss IMPORTANT 200 Cubic Yards Concrete.

Pounds Reinforcing Steel, Since the investigation followed along the lines of one made three Pounds Cast Steel Shoes, 12 rounds Tipe Railing, 8000 Feet usym" nv i 1 Measure Timber 440 Tons t0 the fmding that tee is iu not the consideration today that it Old-Time Kitchens Offer Possibilities The large kit.chens of old-fashioned houses do not adapt themselves easily to modern housekeeping when the housewife plans her routine with view to step-saving. Many people like the general roominess of the house of the large-kitchen era, but want their domestic workshop more compact. These kitchens may be divided, and dining alcoves, pantries, or closets or lavatories may be made. Homes bought under the terms of the Insured System of the Federal Housing Administration may be improved in this way, if desired, am um oireci crossing, zju 104 Painting Southern PKmlmltAJ cent price their motive per gave as in the recent survey, against 18 per head, 700 Tons Painting Cate- Bridges, 100 Barrels Extra cent three years prior. Tratlnn upemed to be the major ni Cement.

3 Good Recipes For a Distinctive Home on a Small Budget lSee Oak Knoll Display Home It's a home designed for people who enjoy comfortable, gracious living and take real pride -f in owning a home that is "different." Furnished by Breuner's in the cozy, informal style best suited to its hospitable simplicity, it is a most unusual example of a charming home planned to fit the smaller budget. 2 Consult Breuner's Decorators Experienced decorators, with their knowledge of color, fabrics, "'and prevailing fashions, can actually save you money besides hours of useless worry in planning your interior. Let Breuner's staff of decorators save you costly errors in working out your ideas. There is no charge. 3 Buy Home Planning Book Three new booklets of photographs and floor plans of typical California homes.

Dozens of suggestions to save money and worry in building or remodeling! hundred and fifty thousand factor, 27 per cent giving this in- fill are required In the con- centive against the 12.4 for price. of the bridge yards and The choice of location was 'icts, including the Tort of Oak- expressed in several ways "away i Overhead, of which approxi- from downtown traffic," "quiet 50 per cent has been spread street," "nearness to school, church" rnmnnclpd. Snd jso on. Whatever the specific Four Star Buys Five and six rooms, far above conventional homes in style and far below them in price. that confer upon the small family the same advantages of quality, individuality and appointments, as are afforded by mansions costing many thousands more.

Only ihe sizt of ihe homes has been reduced. COMFORT WITH CONVENIENCE Full tile baths, showers with ceramic tile floors, metal weather stripping on outside doors. Spacious kitchens with ceramic tile counters, metal drawers, Venetian blinds, etc. Copper hot water pipes, reinforced foundations, gutters and down spouts, heavy duty heating, and many other features. F.

H. A. Terms, $47.50 to $53.50 per month. 9 WHOLESALE INDUSTRIAL TO LEASE: "I 6,000 Sq. Ft.

I2'5 Sq. Ft, iq. rt. e. Oakland be the keynote of estate advertising to the general public.

In this respect it Is cenceded that Oakland realtymen are particularly fortunate that each district sufficiently, Individual to be distinct possesses in itself strong claims on the attend tion of any investor a fact that is by no means true of the majority of American cities. 3-room Summer home with porch. Panoramic v. Many oaks, shrubs and JL Under construction! 6 rooms, 2 baths, large social hall, patio, 2-car garage. Level lot 85x150.

Choose your interior decorations now. Full erj. Half-acre of ground '1 in the hills. i garage $3750 32,500 Sq. Ft.

Nr. 24th Grove He s. complete price $7000 He per -1 6,000 Sq. Ft. Sq.

Ft. E. Oakland 3 -room cottage on nearly acre of beautifully land-i fround. Many oaks, trees, flirubs and flowers. JL Facing Lake Cascade; 5- room Spanish home.

Large porch. 18x30 living room. 2-car garase. Nearly an acre landscaped. Family orchard.

as. $10,000 Drive out Foothill Boulevard to 82nd Avenue. Turn left and follow the signs. 5,000 Sq. Ft.

2nd Broadway 24,000 Sq. Ft. 4th A Jefferson BE SURE TO SEE THE BREUNER FURNISHED DISPLAY HOME Paper Not Used With Wood Roof Shingles When wood shingles are being laid on a roof, paper should not be used between the shingles and the lath or sheathing to which they are nailed. Wood sweats with the chanRe In temperature and humidity, and paper beneath the shingles keeps the dampness inside and rots the shingles. $4500 25' 51 California Colonial 62 Stucco Homes for 62 Better Homes Designed for California any of these available in Home Planning Bureau, on Breuner's Fifth Floor.

FH.A loans. City water, electricity, Berkeley phone. and bm line coming. Drive out Claremnnt 'Fish Ranch) 1 to Orsnda Junction. Turn left a half mile and you are 13 Per 1 19 000 s-Ft-IC Sq.

Ft. JE. Oak, close In 11,000 Sq. Ft. 40th Telegraph 16,000 Sq.

Ft. 11th A Harrison wiix ninnivinK each RINDA in BREUNER'S BE WISE-ANALYZE HTM. rsTATF 1WFSTMFVTS BFI-ORE COMMITMENT: CO.NSl'LT PACK 8c COMPANY INVESTMENT ANALYSTS Bl(ig, 1119 Broadway HI gat 762J OAKLAND OFFICE: 331 17th Street -HI gate 1613 F. W. WEEKS hdlA'kzi HI gate 7212 HI gate 4343 Oakland.

Broadway it 21 st rt 4374 Tuct Office: THornwall 1802 San Francisco: 1182 Market Su MA-0300.