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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Nov. 18, 1906)
-1 1W THE SUNDAY OREGOXIAX, PORTJiANP, NOVEMBER 18, 1906. Where seven railroads meet the ocean-going vessels of the world there must be a great business center. There is no exception to this rule. The Willamette River bounds University Park on the south and west, the Columbia River on the north, with four transcontinental and three interstate railroads centering in its midst Railroads GREAT PR r.Qirn a H H i tv a i ii r The Union Pacific, Southern Pacific, Northern Pacific and Great Northern four great transcontinental railroads cross, recross and surround University Park. The Portland & Seattle, Oregon Railroad & Navigation Company and the Oregon & Washington Railroad also have lines projected through Uni versity Park. These railroads are main lines, and not branch lines. Railroads Make Cities Railroads made St. Paul, Minn.,j50,000 population, then centered at a point 12 miles away and made Minneapolis 300,000 population. Railroads formed a center almost in the front door? of Chicago, St. Louis and Cincinnati, and like magic sprang up IndianapoHs, 150,000 population. At the junction of three railroads in an open, bleak prairie Des Moines grew to 130,000 population. The location of every inland populous city was determined by the advent of railroads. If railroads have done such wonderful things without water transportation, what will railroads do for University Park, with the assistance of two great navigable rivers! Other Advantages University Park is no outside, wildcat speculation. It has been within the city boundaries of Portland for fourteen years. It has Bull Run water, a 30-acre public park owned and kept by the city, city schools, quick transportation, electric arc street lights, graded streets, -cement walks, a building restriction, three systems of wide boulevards, view of Cascade and Coast Ranges of mountains, view of four perpetually snow-covered mountains, high, level and sightly, and the seat of Columbia University. Capitalists lend money freely on University Park lots for building purposes. ST stock Jtfcr . --- " r- f-r. -..,, HtHtimtr Burner "sl4vJa' J' . V xmf Study the Picture Look at the location of the navigable rivers; look at the location of the railroad and proposed railroads.; look at the streetcar lines ; look at the factory districts, north, south and west; look at the boulevards and wide streets; see where the drydocks, stockyards, packing-houses, lumber mills and the Columbia University are located. Notice the location of the proposed Harriman tunnel. See where McKenna Junction and Maegly Junction are located. You know that it will be only a question of a short time till this condition will make the cheapest lot in University Park worth $100 per front foot. Time Extended On account of our inability to procure sufficient help to show property to all who applied for; lots at University Park before November 15, also, on account of the stormy weather preventing us from keeping appointments made by phone to show the property before November 15, we have decided to continue the schedule of prices that was in force during the past month, until December 1, 1906, when the prices of all lots will be advanced one dollar per front foot. Terms, one-tenth cash, balance $5 monthly on each lot, without interest, if all payments be made on or before due. Francis I. Id enna SHOWING UNIVERSITY PARK AND VICINITY Office at Univepsity Park Station on St. Johns Electric Line, Portland, Oregon. Phone Woodlawn 239 NO UP-TOWN OFFICE TOTAL FOR WEEK BREAKS RECORDS Sales of Real Estate Are Larg est in the History of the City. ONE DEAL FOR $600,000 Involves Acreage Along Sandy. Road, i. .tVlili'li Will Be Platted and riaccd on Market Activity on Front Street. Kales of more large holdings of Portland real estate have been closed during the past week than during any other six consecutive days in the his tory of the city. It is easy to use superlatives and there is a tendency in that direction at times when the facts do not warrant it, but it Is no ex aggcratiin to say that the activity in local realty during the past week has been without precedent. Headed by one transaction involving $600,000 there has been a list of dealings that has kept the brokers busy and which speaks most encouragingly of condi tions locally, especially as there prom ises 10 Dd nu MUiiiuiiieui jii nits ucmaiiu for many weeks to come. -A sale of great significance was rjH.ica yi'Meiuajf unci iiuuii wiitn juiiii matthiesen sold the half block on the west side of Front street, between Madison and Jefferson, for an an nounced consideration of about $175,000. Tue deal was made through the agency of A. H. Birrcll in conjunction with 1. B. Mackle. The property was pur chased by a syndicate of local inves tors in which Mr. Birrell and Robert Livingstone are- said to hold the con trolling interest. The properly, which has a frontage of iiio feet on. Front street, is the site of three brick buildings, two, threo and four stories in height, respective ly, each covering a single lot. One of these is tho Hotel Zur Rheinpfalz, of which Mr. Matthiesen is proprietor. "The Iut at the Jefferson-street oorner s unimproved, but the purchasers in tend to erect a brick building on It am! thereby make the entire holding income producing. This sale is the largest that has been ruude on the southern part of Front stn et in several mouths. There are jtvidences of Increased activity in this .portion of the city, due in part to the Portland-Salem electric line which is now under construction. The terminal of this line is to be on the block op posite the- Matthiesen property, which was purchased some time ago by the railway interests. .This line . Is also Jiavlng considerable effect upon First street property, as is shown by sev eral large transfers which have been mule along that thoroughfare recent ly. Dental College Sold. ..Another sale of more than usual in terest closed yesterday, was that of the Portland dental college property, owned by the Willamette University, of Salem, of which the 'local institu tion is a branch. The dental college Decuples a frame building on a single lot at Fifteenth and Couch streets. The purchase price was $27,000 and the sale was made by the Portland Trust Company. The deed for the dental college property was made to the Security Savings & Trust Company, as trustee for the real purchaser whose name Is withheld. It Is commonly rumored, however, that the property has been acquired by the Port land General Electric Company. As this company would have no use for a build ing of the character of the college, it is supposed that other improvements are contemplated. The Portland General al ready owns part of this block. E. J. Daly and TV. B. Streeter yesterSay purchased a lot on the west side of Third street, between Davis and Everett. It was owned by Joseph Simon and the price was $26,000. The purchasers are act ing for another buyer. A few days ago Mr. Streeter. -also acting for another pur chaser, acquired a building on the east side of Front street, between Morrison and Alder. It was owned by E. A. Baldwin and the consideration was $35, 000. The building is a four-story brick. lo cated on a lot 25xlS0, extending from Front street to the river. It Is four stories In height and has wharfing fa cilities. A continued activity in acreage has been one of the chief factors in this week's large business. Just as it has been notable In the transfers for several months past. The largest single deal was the purchase by Hartman & Thompson, associated with other local capitalists, of a large holding lying on both sides of the Sandy Road, partly within and partly without the city boundaries. The pur chase, embracing several separate but contiguous properties, involved a consid eration of a little less than $600,000. and the cost will be brought up to that fig ure by the outlay which the new owners will make for improvements. Land Will Be Platted. The land purchased includes tracts owned by C. H. Prescott, the Fleischner estate, J. A. Klosterman, E. C. Bro naugh, M. Sichel and others. It is now vacant, but steps to plat and sell It for residence sites will immediately be taken. The J. Thorburn Ross tract in the same neighborhood is to be platted by the Title. Guarantee & Trust Company, and the entire area affected is to be known as Rose City Park. Steps are now being taken to induce the Portland Railway Company to con- nect the suburb with the city by an elec tric line down the Sandy road to East Burnside street. The purchasing syndi cate controls more than two miles of property along the Sandy Road, and is considering the advisability of widening that thoroughfare to 100 feet. M. J. Clohessy, with out-of-town associ ates, has purchased from P. P. Dabney and T. W. Balrd 82 acres of land adjoin ing Fulton Park on the west. The pur chase price. $40,000, indicates a substantial increase of values in that section of the city. It is known as a very desirable loca tion, being traversed on the north by the Southern Pacific and on the east by the new Portland-Salem line. South Portland has long been held back by a lack of adequate transporta tion facilities, but with the completion of the Salem line promises to experience a period of development. A chair factory and other Industries are now planned for the vicinity of Fulton Park. North Portland property continues to be In great demand, especially along Sixth street. Many sales have been completed in that district, and perhaps a still greater number are now under way. Among the large transfers for the week on Sixth was the sale by R. W. Lewis of a quarter block at the northwest corner of Its inter section with Flanders street. The consid eration for this sale, which was made by J. H. Fairbrook, was $60,000. The .prop erty is improved with several frame buildings, and is across the street from the building In which is to be established a new postofflce substation. Max Lioev.enson's Big Buy. Across from this property, at the north east corner .of the streets, Max Loewenson has purchased through Goldsmith & Co. a quarter block for $50,000. It was owned by A. H. Breyman, and is improved with two-story frame buildings. The new owner expects to erect a brick on the cor ner lot within a few months. A. C. Spencer has sold a lot on the east side of Sixth, between Everett and Flan ders, to Messrs. Thomas, Reed and Mackie for $23,000. The sale was made by Reed, Fields & Tynan.- It was bought as an investment, and the frame dwelling now standing on it will probably not be re moved at present. A lot and frame building at the north east corner of Fourth and Davis streets has been sold by Peter Taylor to an Eastern investor, whose name is not an nounced. Whifing & Rountree made the sale. The consideration was $27,000. The building, which is occupied by a saloon. was built more than 40 years ago. As soon as the lease of the present tenants expires it will be replaced by a brick structure. The same firm also sold the residence property of John P. Nelson, at East Fifteenth and Taylor streets, to John F. Stone. Macs a Xeat Profit. Frank C. Baker has sold" lots 11, 14 and the east five feet of lots 15 and 16, on the south side of Glisan street, between Twenty-third and Twenty-fourth, for $70 a front foot, or $7350. Mr. Baker pur chased four lots here a few years ago for a home. The price he receives is about equivalent to what he paid for the entire 200 feet. Mr. Aerne, the .purchaser, will erect a bungalow on the west side of his property and dispose of the remainder for residence purposes. Seattle capitalists are becoming aware of the fact that Portland offers the best opportunities on the Coast for investment, and have acquired a number of locaf real estate holdings. Among the purchases of the week was one by buyers from the Puget Sound metropolis. Involving $100,000. The property bought was a lot on the east side of Sixth street, between Wash ington and Stark. It was owned by a local syndicate, composed of W. H. Grind staff. J. B. Yeoni George D. Schalk and F. C. Perrine, who bought it last March for $75,000. The sale was made by Grind- , t -.if:',;'i ..- : ur. .S.';i.-)v.' I A . 2 ,i-;'S. 1 i' :.tt -mm IT. '.) - W?mg&&4 mi i teas ftj?? -iJs.. glasses lift Bl'ILDING UNDER CONSTRrjCTIOX 1'OB E C. JORGEXSOX. THIRD AND MAIN STREETS. KMIL SCHACHT. ARCHITECT. staff & Schalk and Russell & Blyth. The new dwners will soon remove the present frame building and erect a brick. Grlndstaff & Schalk were the agents in the sale of a lot at the southeast corner of Sixth and Burnside streets which was transferred by T. S. Brooke to F. G. and S. A. Arata. The consideration was $75,- 000. Lamont & Harris were agents for the sale of a half-block on the south side of Irving street, between Fourteenth and Fifteenm, from Dr. C. W. Cornelius to Dr. R. C. Yenney. The price was $30,000.- The same firm also sold for Beno & Ballls to L. M. Tyler, a lot 65x100. at the south east corner of Twenty-fifth and Northrup (streets. Mr. Tyler will build a dwelling on this property, for which he paid $4700. Keports Several Sales. E. J. Daly reports sale of a quarter block at the northwest corner of Elev enth and Flanders streets by J. V. Burke to Captain Watts and E. W. Wright, con sideration $22,000; the corner is improved with a one-story brick stable and a two- story frame building. Also a fractional lot. 83x100, on the south side of Couch street, between Fifth and Sixth, by J. V. Jenson to a purchaser whose name is not announced, for $la.000; Mr. Daly had pre viously sold the property to Jaeger Bros, for $10,500 and resold it for them to Mr. Jenson fdr $12,400. The same, dealer reports negotiations in progress for a department store site at the northwest corner of Grand avenue and Belmont street. The owners of the property are willing to build, and a ten ant is now negotiating for the property. The Moore Realty Company has sold a residence lot at Tenth and Thomp son streets for W. H. Robblns to T. O. Sands. The same company has sold a quarter block at Elm and Chapman streets for $4500. I' O. NorMirup has sold 40x100 on Montgomery street between Fouteenth and Fifteenth for R. Citron to James E. Kilmartin, for $3750; and 50x100 on Bast Ash street, between East Twenty second and East Twenty-third, for W. Techow to John Moore, of Newport. Deal on East Side. F. W. Torgler has sold a little less than a quarter block at East Twenty eighth and East Madison streots to John T. Wilson for $4500; also three lots on East Twenty-fourth street near East Davis, for the Crescent Land Company to Mrs. Alice Macauley. -Many other deals have been made, among them the transfer of an entire block on the East Side by the Ladd estate, the particulars of which sale are not given out. Still other sales. many of them important, are now under way, but not closed. It is thought that the activity of the present week will very nearly equal that of the one just passed, as the demand for vealty is unusually strong. Building Permits for Week. November November November November November November 12 13 14 15 16 17 Total November November November November November November Total . . Transfers for Week. i2.: 13 14 15 16 17 ..$ 7,885 . .. 9.765 .. 10,485 .. 22.371 .. 5,170 . . 16,375 . .$72,051 . 74,107 . 98,085 , 38,553 , 56, ISO . 143,796 . 136,673 Anglo-American Oil 6 Coal Co. 403 OREGONIAN' BUILDING Portland, Oregon Louis G. Clarke President President and Manager Woodart. Clarke & Co., Chemists and DrucglKts. H. L. Pittock... First Vice-President Publlnher Daily Orcgonlan. Fred S. Stanley. .Second Vice-Pres't Des Chutes Irrigation and Power Co. D. W. Wakefield. .Third Vice-Pres't Wakelleld, Fries A Co. George H. Hill.. Secretary and Treas. Vice-President Title Guarantee & Truit Company. E. J. Rathbone, Field Superintendent, Katalla, Alaska. Formerly Superintendent of Water Lin of the O. It. & N. Co. $577,394 Alberta Settlers Are Freezing. NEW WESTMINSTER, B. C, Nov. 17. (Special.) An endeavor is being made to have the customs department of Canada withdraw the duty of coal from the United States until the coal strike is settled, as settlers in Alberta and Saskatchewan are in immediate danger of freezing to death in cold blizzards that have struck that court try. Deputy Minister of Labor Kine is now at Lethbridge endeavoring to bring about a settlement of the strike. Parties wishing to secure stock in this company under the present low- priced allotment, should subscribe at once. The opportunity will soon be gone, and the price of stock advanced. Even now conditions warrant a much higher price. "We also venture to say that' in our judgment the returns from your investment in this company will prove vastly more remunerative than any other investment you have ever made, in proportion to the amount invested. Call at the office and sret posted. Make up your mind to subscribe today for what you can afford, much or little. You will make no mistake with this company. Office open daily from 8 A. M. to 5 P. M. Open evenings, 7:30 to 9 o'clock. 403 Oregtmian Building, PORTLAND, OREGON. An infallible remedy for the cur of Drug Habit of atl kind. Santkostpaid at O par bottle. Morphine-Cur is prepared 1or Hypodermic or inte"! DHtaCham. Co., St. Lout FOB BALK BY WOODARD, CLARKE CO. llmrbU. mmm WmIUmAm