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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 10, 1912)
-.'-THE MQRXIXGQREGOXIA3u WEDNESDAY, JULY 10, 1913. 17 mm Is All That It Takes to Start an Investment in Portland Portland is the metropolis of the Pacific Northwest Portland is the leading" lumber and wheat shipping port in the world. - Portland ranks first among American cities in flour shipments Portland has expended $90,000,000 in building construction during the past 5 years. Only 7 cities exceed Portand's build ing record of 1911. f Portland will have a population of 500,000 two years after the Panama Canal is opened to the world's shipping. Get. in and reap some of the huge profits that are to come from the rise in values of Portland realty. You can do this by getting a lot in Errol Heights, Portland's choicest residence subdivision, located within 10 minutes walk of Reed College. ONE DOLLAR down will get you a lot in Errol Heights, and the remainder you can pay at the rate of ONE DOLLAR a week, no interest, no taxes, free improvements. Visit Our Elegant New Offices Today and Let Us Tell You About ERROL HEIGHTS. We Will Show You the Property Tlhi e F: red. A LARGEST REALTY OPERATORS ON THE COAST MAIN 6869, A6267 Company 269 WASHINGTON STREET, CORNER FOURTH PROPERTY VALUES SHOW STEADY GAIN Portland Real Estate Prices Advance in Business and .-, Residence Districts. GRAVEL INDUSTRY EXPANDS Building Material Concerns Move to Ea.t Side or 'Willamette River. Tirana Establish Branches on Both Sides of Stream.. Portland property values have stead Jlr Increased In both residence and business sections, and still they are not considered unduly high. Business ex pansion on the East Side is more ap parent on East water street than else where. Within the past three years a large proportion of building material used in the erection of buildings on the East Side, Including sand, cement and crushed rock and paving material, has been supplied from the East Water street concerns. In former years this material was transported across the bridges from the west side of the river, Nearly -ill the waterfront between East Washington and Hawthorne avenue is occupied by these concerns, which fur nish building and paving material, the total investment .being .approximately I2.000.0DO. Nlckum & Kelly were the first to establish themselves in this dis trict. Besides the paving plants of the facinc Bridge Company and the Inde pendent Paving Company, which nan Ale paving material, there are three concerns which handle building ma- ' ten a I. such as sand, gravel and cement. Business Showa Galas. Figures submitted to the Portland I ubllc Dock Commission by the East Side Business Men s Club in support of an argument for a public dock lo cated on the East Side show that In Ofle year, exclusive of gravel, sand and cement arid lumber, the East Side busi ness interests received 1.235,850 tons and shipped 665,72a tons, giving a total business of nearly 3.000.000 tons, in eluding cement and gravel. These figures have doubled in three years. ."Erection of the freight depot and freight trackage by the Harriman in- .I'Tests, It l estimated, will more than double these figures in a year. Owing to lack of shipping facilities on the East Side, much shipping has been dine by the West Side freight depot which nhould be credited to the East &.de. In the erection of business buildings the permits show that for 1S11215 of a 1 classes were built on the East Side, which Include a number of modern balldinirs. For the first six months of the present year 71 business houses were started and completed. In 1911 3377 dwellings were erected on the East Side, -and for the first six months of the present year 1623 dwellings were erected on the East Side. East Side Finds Favor. One Important feature of the expan sion is the location of many business firms on the East Side within the past faw years. A number of prominent firms have established secondary plants fund in some instances have moved t ieir main business to the East Side. A number of wholesale firms have nioved to the East Side in the last few years, and their managers state that the move has been satisfactory from all viewpoints. There has een large lucres in business on Grand, Union and Hawthorne avenues and on East Burnslde and East Morrison streets, in Central East Portland, and on Will iams. Mississippi and ' Killlngsworth avenues and Russell street. In the Al blna district. The East Side has be came something more than the "bed- j-oom-of Portland. In. ail portions of the East Side apartment houses have been erected, and these have been found profitable, the combination buildings being the best payers. The residence districts are now all east of Twentieth street in Central East Portland, on an average, except in the Ladd Addition, which Is an exclusive residence section. Residences Pusk Back. Every year residences have been pushed farther away from the Willam ette River, until all the fine residence districts are some distance out on the car -.lines. Building permits show that the bulk of new homes have been built? at Sunnyslde. Mount Tabor. Wa- i verleigh Richmond, Laurelhurst, Rose City Park. Holladay's Addition, Irving ton. Walnut Park.' Piedmont, Monta vllla, Beaumont. Alameda, Arleta, the Peninsula. Westmoreland and Sell- wood. The Mount Scott district shows a great gain in homes. There has been such increase in values in Central East Portland that building sites are more profitable for apartments, flats and business pur poses. ' In Central East Portland in side lots are selling at (6000 and ssoou, and corner lots bring $7500. $8000 and J 10.000. and yet property .In this dis trict .Is considered . low-priced con sidering the location. Two recent sales of quarter blocks in Central East port- land for $20,000 and $l9,ouo respective ly. show the general trend of values in that district. A quarter diock at the southeast corner of Grand avenue and East Akeny streets brought $27,- 500 three years ago and two years ar- terwards was sold for $40,000. WEST SIDE HILLS LOOM DEVEXOPMEXT OF BEAUTIFUL RESIDENCE SITES RUSHED. All Standard Improvements ' Being Installed Fine Views and Invig orating Atmosphere Big Asset. MANY HOMES UXDER WAY Brisk Activity Is Reported by Inves tors and Trust Company. land. April 6. the Investors' Builders 4fc Trust uompany nas compieieii a has under construction 12 houses in different sections on the East Side. The company is organised aiong ino 1 1 a . v. tlAmBKitllrf,, ett T jii An geles. An unique plan of the company is tnat it closes contracts iwi ujm before they are built. "Portland Is a exeat field for home- building activity." said O. F. Darling, president of the company, yesterday. . T"", 1 -4 I m. wFAn.tno. nMlv UTlH thA rui uauu to biu"i() demand for homes is Increasing more than ever. Many owners ui iui tairinir diivBiit nf the ovmortuntty to improve on an easy payment plan. I predict that in a few years Portland will surpass Los Angeles In home- building activity." Man's Head Crushed. k HallavoA tn K nan Shea was found suffering from wounds that may prove fatal, on a doorstep of the sa- lnr, at 1 Ptn atrAt Mondav niKht. None appeared to know how he had met with- his injuries. Dut me inaijca tlnnn n that ha had fallen while in an intoxicated condition. The back of his head was crushed. He was removed to St. Vincent's Hospital. Hello Bill: "Edlefsen" delivers Best fuel. o. B. now or later. One Dollar an Acre Per Month Will Buy You a Chicken Farm. OAKLAND N. ' POULTRY CVn . ' PRODUCTS . J b - COMPANY lif B S08-0 Spalding &c l Building, jffl 'IjJPortland, Oregon. Y Tow Cmm Bay. Parma New at 10O ai Acre Tilt will la Inn 1 ears Bring 9250, la Four Years SSOO. Portland's West Side hills ar being converted rapidly into high-class resi dence sections. Between Portland Heights on the south and Willamette Heights on the north a big development Is taking place. In this area are lo cated Kings Heights, Arlington Heights and Westovar Terraces. Directly west along the Barnes road is the new West wood residential district, development or which will be started this Bummer. St. Francis Hill, the nearest hillside addition to the business district, is the first addition on upper Washington street, or Barnes road, to be fully de veloped. Another tract between Kings Heights and Westwood to be known as Imperial Heights, will be improved and placed on the market soon. All these additions from a compact area and are considered ideal loca tions for homes. It is declared tha there are few hillside residence dis trlcts In America that compare with these. Almost from any building site in any, of these additions one can ob tain a sweeping view of the city and of the Willamette and Columbia rivers. Standing on nearly any of these sites one can enjoy a clear view of Mount Hood and Mount Jefferson in Oregon, and Mount St. Helens and Mount Ad ams, in Washington, all four snow capped peaks towering above the hori zon in matchless splendor. . "Views" are not the chief asset of the West Side hills, however. The alti tude, the Invigorating atmosphere and the freedom, from dust and smoke are features which appeal to lovers of Na ture, to folk who enjoy the quietude of the heights and aroma of the pines that form a serrated outline in tne upper background. Standard improvements are now be ing : installed in Arlington Heights, Kings Heights and Westover Terraces. A large part of the work is completed in the two former additions and work is being rushed in Westover Terraces. Bv the close of the year these addi tions will be entirely completed. Since these properties were placed on the market a large number of sites have been sold, many purchasers being from other parts of the country who will remove to Portland and build fine homes on their hillside sites. A great many Portland residents who have purchased sites will erect homes this year. 'South East Side Grows. "We have been doing a larger busi ness this year than for the past three years," said A. B. Cleaveland, sales DO YOU WANT A Farm, Stock, Dairy Chicken, or Fruit Ranch or Hopyard ? 219 acres, 90 acres of plowed bot tom land, 30 acres tn good oak grubs (fine az handle), oak and fir (second growth): the remainder of the acreage is in slash (easily cleared), naturally open land and In rotten stumpage ready to kick out; four acres tine orchard: springs and a good well: good nine-room house, hophouse and pickers' cabin, barns, roothouses, etc.: 20 acres in hops, yielded big last year; no wast land on this place. This ranch lies beautifully; the soil is very productive; the in come on this place is more than $7700 annually. Price $28,985. Will sell 20 Oacres of the 219-acre ranch for $15,000, 180 acres, 90 acres tinder the plow, with all of the remainder partly cleared except 25 acres" in fir and oak: hopyard last year net ted $6400; 70 acres $1200; private electric lighting plant, sawing and dumping machinery, complete car penter and blacksmith shop, two big barns, good six-room house with good Inside, bath and toilet, hot and cold water; water piped to barn: new $1200 hophouse and all machinery: smokehouse, roothouse, cemented laundry area, storage house, poultry-houses and yards; good orchard; well, springs, tank, etc All building electric lighted. Clear title. Stock and implements may be bought separately If de sired. Price $20,000. Income $7660. 8S acres, two sets of buildings c o m p 1 e t e; ample barns, wells, springs and creek. A beautiful piece of property that description will not do Justice. Practically all plow land. Lies gently sloping, except 40 acres bottom soil. In come 70 acres grain $1260. Price $10,500. 120 acres, $20 per acre. About 26 miles from Portland: 100 acres or more may be cultivated when cleared; 20 acres have been culti vated; house and barn have been destroyed by fire; about 40 acres bottom land, balance bench land; good water power said to be avail able on this tract; practically all slashed: soli A-l for fruit and gar den; only partly fenced by woven wire; mountain stream all year. Will sel any part of this tract. 18 acres on county road, three, quarters mile N. E. of Elmonlco Station. Oregon Electric Ry.: 18 acres cleared, 9H acres in culti vation: 84 acres partly plowed, 5 acres slashed ready to burn; about 30 trees of big fir timber stand ing: about 30 fruit trees. Including apples, cherries, pears, plums, prunes, quinces, etc.; about one half in ful bearing, balance Just coming Into bearing. House has three rooms on first floor, with room for two more upstairs; cellar 14x26;, good barn 30x50; best wire fence; excelent well; chicken houses, brooder, etc.; three acres are best garden land. Price $6500; terms $2500 cah. balance 2 years., 1A flrai. thraa mllas from Mr. 'Minville, on the river: house, barn. orchard, garden, gram, nay, pas ture and woods; $150 per acre. 10 acres on Oregon Electric, near Elmonlco; $175 per acre. One acre, cleared: city water; 5 carfare; $20 down, $10 per month. Five-acre orchard, all planted to Yellow Newtowns and Rome Beau, ties last year: under care of ex pert orchardist for four years, with guarantee. In high-class c o m m e rclal or chard district; price $275 per acre; terms $540 cash, balance $20 per month and interest at 6 per cent 20 -acre hopyard, hophouse, pick ers' cabin, etc.: price $11,000; the hops from this yard sold for 45 cents last year. 18 H acres In hops, hophouse,' picker s' house, hop-baler hop presses, etc; should yield $5600 net this year at the most conservative estimate; also good ranch that the hopyard Is a part of. consisting of. 164.65 acres; 60 acres bottom land, 104.66 acres bench and rolling land, 46 acres bottom land and 10 acres bench land plowed; 20 acres slashed; 130 acres can be plowed when cleared; all fenced and cross fenced; bearing family orchard of big trees, apples, pears, plums, cherries and quince; good well, all Summer stream; also branch stream; several large springs; six room, two-story house, on county road; large barn. Price $13,000. Terms half cash, balance one, two and three years at 6 per cent. Whitmer - Kelly Company 70 Fourth Street manager of the Fred A. Jacobs Com pany, operators in Portland realty, yes terday. -"The city is growing at a rapid rate, even now when one would think that there is much of a forward movement. "In the three weeks that we have been conducting a selling campaign at Errol Heights, in South East Portland, we have sold 495 lots and have vir tually closed out the addition. Home builders are now realizing the import ance of Reed College to the district, and they are taking advantage of the low values and easy terms. offered. "We expect to start construction of an extension of the Reed College car line through our properties about Aug ust 1. This line will cost about $20,000. When the extension is completed a big section of South East Portland wilt be given direct streetcar service. A big movemenfin that entire district, it is predicted, will take place within the next year. . "The company plans to begin the construction of about 20 homes in Errol Heights this Summer. By the end of another year wa expect to have a big settlement In this addition." Open Air Actor Hurt. While practicing on Multnomah Field Monday for "The Bridge of the Gods," A. B. Abernethy, one of the actors, was thrown from a ljorse and trampled upon. He sustained a fracture of the left leg and a number of bruises. He was removed to St. Vincent's Hospital. River Frontage IN SMALL TRACTS $150 Per Acre Five minutes' walk to station on Southern Pacific, now being electrified, will soon have hourly train service and only one hour's ride to Portland. Land Lies Perfectly, Deep Dark Loam Soil, No Stone, or Gravel, All Rich Virgin Soil, Over 1000 Acres of adjoining and adjacent land set to small orchard homes and sold from $400 to $600 an acre; fastest growing section near Portland, beautiful location, splendid water, land suitable for orchards, berries, gardens or chicken-raising. CALL AT OFFICE AND SEE BLUE PRINTS AND PLATS The coming of the new electric line means a rapid advance in prices. Buy now, when you can secure farm-land prices WE ARE OWNERS . Gowen-Ide Trust Company 2 LUMBERMENS BUILDING GROUND FLOOR HOMES ON EASY PAYMENTS BONDS, MORTGAGES, INVESTMENTS Provident Trust Company 2d Floor Selling Bldg. Main 1800, A 6261 ELK Week Specials SMALL TRACTS , A beautiful 3-acre tract on electric line, So car fare, loss than 8 miles from the city; electric station on the corner of this tract ; good building. This is ideal for a suburban home. THE SOIL IS THE BEST 13V2 acres, 2 mi'e from electric station. Will take good 1911 auto mobile as first payment. Easy terms on balance. Look these over if you want something good. . 100-ACRE RANCH All cleared and under plow, fenced and cross-fenced, good soil, no rock or gravel, with good roads and in good farming section of the Willamette Valley. Only 27 miles from Portland and less than one mile from the elec tric station. For a quick sale we will let this go at $100 per acre, and we will take a 5 or 6-room house here in the city on the deal. For further in formation call. TWO ACRES Why do you pay high prices for a house and lot with all the extras thrown int Such as high taxes and all street assessments. And where you have to buy everything you put in your mouth, when you can get a fine two-acre tract with nice plastered house, full cement basement, floor and all, 2 good chicken-houses and yards. The whole place is fenced with tight wire fence, with good soil. No rock or gravel. Only two, blocks from sta tion on the Cazadero carline. The whole pl.ice is planted to potatoes and all kinds of garden truck, and it is looking fine, and the crop all goes with the place, besides a new 200-eg incubator and several brooders, new bone grinder, etc. WESTERN OREGON TRUST 00. See Mr. Trumble. 272 Stark St., Portland, Or. Main 937, or A 2693. FOR SALE Home at the Seashore An exceedingly comfortable, and substantial home at Sea view, Long Beach: eight - room house, two f 1 r e p 1 a ces. front porch 12 feet wide, Inclosed In glass on the north and west sides; French doors connecting dining-room and conservatory; four s 1 e e p 1 ng-roomi, library, living-room, etc., besides two , extra sleeping-rooms In the pumphouso; laundry and wood shed, kitchen, etc., bath, hot and cold water, both upstairs and down: celled and tinted; built in buffet, plate glass In the front of the house; plenty of windows, storm windows of ?lass for Winter: double loors and walls and building paper between In each case; conveniences and necessities too numerous to mention, except at interview; good lawn, 100x100 Inclosed: two beach lots be sides. Price 14500. Whitmer-Kelly Co. TO Fourth Street. As Represented TIMBER LANDS IRRIGATED LANDS FARMS, ACREAGE LOTS, HOMES LARGE AND SMALL TRACTS Correct Information Given. Zimmerman - - 310 Board of Trade Building. .