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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
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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.
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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-
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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.
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