THE SUXDA OREGON! A.X. PORTLAND, FEBRUARY 2, 1008. REVIEW OF REAL ESTATE MARKET Values Reasonable in Face of Active. Demand for Lots. . BUILD MANY DWELLINGS Indication That .Year's Ojicrallons Will Keep Ahcud of Hccords of I'ar-l in All Brandies . , of Realty Bu-ine:-.. ' ljeals in real estate during the week have been o a nature to Inspire great er ' confidence in the market and in every, ofrlec in the city there is mani fest a feeling that the year will be a eeord-bi euker. both In the number and ' size of transactions. Under the existing system of recording transfers of realty the matter of furnishing the amount involved to the public is op tional with the persons directly inter ested, and as a consequence most of the recorded deals appear' on the rec ords with a nominal consideration named. . In point of number the trans fers for January indicate a remark able movement in lots on the East Side tor building homes. The month's to tals show in reported value in the transfers SS79.TH for the 23 business jjays. of 997 items. Of thu latter three fourths were of Bast Side properties, or over 700 items. Not over a dozen iulcs were reported carrying over 3000, a-s nearly all the big transac tions show a nominal consideration in the records. - A few of the transfers taken at ran dom from the records furnish an indi cation of values In different parts of the city and suburbs. A block at Junc tion sold for $:;375; two lots in Balch's Addition. $7."i0o: pafl'of lot on Williams Avenue Addition. $.500: two lots in aiolladay'fe -Addition, $1'.000, and 20x 100 feet on ' Fourteenth and Clay streets, $0000. An examination of the records show k lively demand for acreage in the outskirts of the city, 5 to 15-aerc tracts eing picked up at good stiff prices, itvith little if any falling off in the in liuiry. i ' In the downtown district the most Important sale of the. week was the forner 100. feet on Morrison street and iO feet on Park, which was re ported closed at $!S,000. Other pieces in that vicinity are being negotiated fr, one quarter with fair improve ments being mentioned as nearlng close of deal at over $100,000. Kuntors or Big- Building. lUrnvrs were floating about the city -:r, ins- t'io week that building on the 1 tun e. block would begin in the iK..r future, but nothing of a deiinite ' ctT could be ascertained. i he' new Corbett building ' was 1j n open yesterday and the agents ,'ie estate say 100 tenants will be . .ajl"J by the middle of this week. i -stores are all rented. The Com--i vein's Club building is being rushed, a-.j tenants will begin moving In In cjuree of a few weeks. The Cornelius Hotel is-ready and a new lease will probably be made for It within a few days, the former one having been dropped. The Medical building is re ceiving thf finishing touches -and will be ready during the present month. The new Xortonla Hotel is being opened. ' The original Nortonla is owned by E. M. Lazarus, architect, who will make some alteration In the building before a new lessee moves in, and may Sivc a new name to the hotel; Joseph M. Healy Intends to construct a safe deposit plant in the rooms he will ocuupy in the new Board of Trade building. Work on that building is progressing favorably. The Gerlinger and Burkhart buildings at t-econd and Alder arc going up rapidly. Altera tions on the O'tihea building at Sixth and Washington are nearlng comple tion, the upper stories having been cut up into 'offices. The1, record of building permits for the month of January furnishes an ob ject lesson both interesting and 'en couraging. While permits for large structures In the business part of the city do not figure in the permits, there ai'n several in the hands of architects which will keep up the pace set last year. : The greater number of permits were for dwellings on the Kast Side of an .estimated cost of $306,100 These dwellings are of a character which in. dtcates that wage-workers are making homes for themselves. hundreds of houses costing from $1500 to $2000 be ing erected In various sections by own ers of the lots. From present Indica tions lively building operations on high-class dwellings will start up within the next few weeks. Several mansions to cot above $J5.000 are al. ready determined upon for the Nob Hill and the Heights districts. New Street to Heights. The City Kngineer is making surveys of the proposed new street to Portland Heights and to skirt the hills to afford better ingress to bnildlng sites at present somewhat Isolated. This street improvement will not only open up on extension of the building dis trlct, but will afford present Tesldcnts a. better outlet to the thoroughfares leading to the downtown districts. The insistent demand for small houses has attracted the attention of investors to the handsome returns to come from flats in the more thickly settled sections of the city, where from lO to 12 per cent is practically certain. Numerous flats have been completed recently, especially on the East Side, and the report from the renting agencies Is that these are being oc cupied, as soon as they are finished. Houses everywhere are not allowed to remain vacant upon the removal of tenants to new homes of their own. A case In point wag referred to yes terday by a resident of the south western part of the city. During the week three houses were vacated by tenants who had built on the, Kast "Side, and before the day was over new occupants moved in. Rents are not being advanced at the rate that might 1e supposed from the demand for dwellings, though agents say some Increase is made 'at the ex piration of. leases which have, run for two br three years. Good Tone in Market. .... The general tone of the real estate market is excellent. There is no evl deitcc of - unreasonable, advance in values, but every reported sale" ' of business property shows a good healthy advance, which is maintained without effort. From information obtained anions dealers and brokers the present month will close several big deals that have been hanging tire for weeks, buy ers realising that delay means higher prices. The time for securing "snaps"' in Portland realty has passed, b"ut the day of good safe Investments la here, is r- . . i : 1 ' : j' ' " '"" " vr-Tr'izrr' : -"-"in"". 7?s5ssisggss vw ' ; ! IftN - t , ' if ' Jfri ' '1.-1 - ! J t " ' i I 'Ji ! T ' mm J-: ' . . i ".! I. 'I I' J Hp s- . I s . jf Yi "m- r I It 2 'IT ' - t ' ' i II n ! - - . a j - ' " ' Kvv B U - 'tl 'l&5&7i: 1 U - ; II.." j, . . " :. v '.. ' i JJl f .... . ..... ... . im n i ntnr Tn-in-r,r --i r l T i-r: . ,:.,.:rtr,:;,.M,uu,e: .. .......... , ......i ...i i....i ... ,j..ii1i...i.!. .... wffl IJSakrJS THATCHER. JSAST 11 . JWJZTJZrT 2.?SEutST 11 3TSST.WOATH ''fitiX ilV 4 !- - - tifL. : r ' - s - : ' TEi , -i - II j! ii f "'-";r rr - ; 'f-M.-n --i-i 1 f ul f f-N.':5,4 v-. I v , ' x .. U 1 1 i; r ae - , f irvjrS cvr"- ; '4mmli il-, -1, v,.s - - , i vkjf&y " ' ? . R r-r-; afiis, f- s i I H "A-i h Vfirt!?..' " -'gyr','W'."-iit -m.aJ: .. . . .Jsj"sK" .wV' "' IrA 's.w- J -. 1 - - . .-.-s.. a- Y'mS?"''' ''"'"' '" ,.r"f,nw. --r'intitiiUii - ' xtomWKkfitj- - UlUV i.-..-..- ....... . ... .- ... . r.f n,,.,,, ilit.- -iffrrtimimiMtfiirifciiriiirn 'V'"i!ric.TirT 1 pmm M.fcWjw:wiuwMjqiiLiivi.ijwre'ffaJva.tfawgargwcw it r..rt r.x-ygCTwmyKwi??wJJHi'g-..3Twgwratqiy lViV rr 1 1 1 1 TTIfrir II II 1 1 1 1 im I n ii I iiwbii 1 1 m nnwminw miiiiiinw biiiii jii mum i hi. -f . the estimate made on eonditions by those who are best posted on values here and elsewhere ADVOCATE EV BOND ' ISSUE Kast Side Improvement Association Takes Vp Bridge Question. The North East Side Improvement As sociation Is preparing to circulate peti tions for the bond issue for the proposed bridge across the Willamette River near Hancock street. Judge M. G. Munly, the president of the club, has given the mat ter - careful attention and has assisted the bridge committee in, preparing . a form for the. petitions which are to be circulated, and next Friday night a big meeting. will be held in the club hall on Russell street, when the circulation of the petition will be started. OutsiUe of the proposed second Bull Run water pipe line, this bridge Is the biggest and most Important measure projected for the coming year, for the district north of Sullivan's Gulch. It is proposed that this bridge shall be a high structure and a wide one, that will serve the part of tho city north of Sullivan's Gulch for many years. Figures showing the popu lation and taxable valuation in that por tion of the city have been gathered and tabulated with great care for use-in furthering this bridge project. Up to the present every point has been forti fied with facts and ilgures gathered from the Assessor's office. The club will move forward another point during the coming week. Special .notices have been sent to every one of the 50u members to be sure to attend the meeting next FYiday night, and be prepared to lend h hand in the circulation' of -the petitions. It is not yet known what the Harriman lines will do with reference to the re building or reconstruction of the rait road bridge, but there arc some straws which show something. ' Options have been secured on several blocks just north of the cast end of the bridge during the past week, by whom and for what pur pose is not known, bat it is supposed that the . blocks hae been secured to enable the railroads to secure an en trance to the proposed new bridge from the north as well as from the south. Sev eral blocks, options on four. of which have been secured, could be cut away and space secured to allow for a curve deep enough to swing trains from the north onto the bridge. The committee from the North Bast Side Improvement Asso ciation ascertained that two plans were in contemplation. One was to . recon struct the present bridge and another wus to rebuild anew, either with single or double tracks. There is not much doubt a to what options on these blocks north of the bridge have been secured for. Some residents express the opinion that the city should join with the railroad company and jointly build a. wide bridge in place of the present narrow one, say 60 feet wide. TERM LEASE OP FAI11 HOTEIi Detroit House to Be Altered Into Housekeeping: J looms. James Sutherland yesterday execut ed with the owners, Beno ii Ballis and E. J. Daly, a lease for five years of the Detroit Hotel. This house was erect ed near the Forestry building during the Lewis and Clark Exposition, ami contains 6S rooms. It is located at the northeast corner of Twenty seventh and Thurman streets. Th3 lessee intends to remodel the house into housekeeping apartments, for. which there is an active demand all over the city. Mr. Daly .'aid last night that a brisk demand is observ able for apartmcnt-hous sites, as in vestors recognize that this class of In vtitmcut will uct from 12 to 15 per cent. SUBURBS BETTER STREETS Property-Owners Willing to Improve When Material ' s Furnished. WIDE AVENUES PROJECTED Agitation Started lor Wider Bridge to Keplacc Old Structure Xow Used by ICailroad Company. Buy Lots for Approach. The developments of the past week, so far as the East. Side Is concerned, were of an encouraging character, and incidentally showed a '.healthy condition. From Sellwood to St. John and from the Willamette River to Montavilla the peo ple show ,a most progressive spirit. At Sellwood the people are planning to make improvements that will run up to $100,000 and even more. Proceedings arc to be started at once for improvement of every street that has not already been im proved. Cost of these improvements can hatjlly be under $50,Xy or ;0.lX. On top of this a sewer system costing from $30.- 000 to $60,000 is to be built In that suburb. The argument is made that money in vested in Improved streets and sewerage Is -so. much added to the value of the property. At Kenilworth and surround ings street improvements have been started that will cost fully $50,01)", including Glad stone avenue, which Is to be paved for more than a mile. Heretofore that sec tion has been Isolated for want of streets. In Waverlelgh, Waverly and Richmond a general system of street im provements and sewerage has been started, which will be carried oir through the year. In the Brooklyn district work is progressing on the sewer system which Will cost the property-owners $242,000, be sides as muoh more for laterals. It will probably be another Autumn before this sewer system will be completed, when that part of the city will make better progress. There will also be a big' fill on East Ninth street across Stephens Slough, .which will be of vast importance to the entire district .south of Stephen's Slougb. On the whole Brooklyn property owners will spend more than $500,000 for. sewerage, which includes the laterals on every street and the big conduit now being built, within, the pext year and a half. Including the street improvements of Brooklyn, Kenilworth, Waverly and Richmond it can be figured out that fully $CtX",000 will be spent for these improve ments within the next year and a half. 1 Benefit to East Stark Street'. In Central East Portland work is going forward ou East Stark street, which is to be improved through to East Twentieth street. Between. East Water, and Twelfth probably no street in Portland will have cost so much for solid fills. There will be a till between East Water and Seventh, and then ug&ia another fill between Ninth and Twelfth, the cost running above $150,"- 000, but the property-owners have already been compensated by the appreciation In the value of their holdings. A block on Grand and East Stark held for $10,000 be fore the tills could not now be bought for $Jo,000. It is expected that the Mount ilood 'railway will come into Kast Port land on Bast Stark street. At least the company purchased property to the amount of S150.000 on that street. '.Another big Improvement that will be completed this year is that of Belmont., While there has been some delay, the work will go forward at least to East Thirty-fifth street at Sunnysldn. The improvement of this street to Sunnyside from East Water will represent fully $150,000, including the big fills required. It will be fully im proved to the top of Mount'Tabor. The civic organizations of the East Side are insisting that the paving of Grand avqg nue and -East Morrison street shall b completed in time for the Rose Festival procession. The contract on Grand ave nue was let as far as Sullivan Gulch, but the company has not laid the pave ment. Clubhouse Xears Completion. In North Albina on Kllllngsworth ave nue hard-surface pavement will be laid at once' for a distance of over a mile at a cost of $73,000. On this street and near the PLedmont car barns the railway com pany is erecting a $10,000 clubhouse for the use of the carmen,, wliieh will be finished . early this Spring. There Is ' a great building movement In "North Albina, and there is not a section . on the East Side that is making so great progress as the district surrounding these car hams. The new East Side High School-wiH.be built a few blocks south of Klllingsworth avenue, where a rive-acre . tract was secured for the purpose some lme ago. On the Peninsula the people have de elded on a general progressive movement. Seven push clubs and ciMc organisations have formed a federation. The clubs are linked together by a general executive committee, a member from each club,, the object of which is to secure consorted action ' on improvements ' in which the whole of the Peninsula i interested. All these organizations will insist on the im provement and beautifying of Columbia Park, which is ltuated at , University Park. It Is proposed to have roaes and flowers of all sorts et out In this park. Also these clubs wilt Insist that it be generally improved throughout, provided with walks and electric lights. Better car service also is one item on which the federation is united.. 'They are to ask for a general opening of streets. Patton avenue is to be extended between Port land and Columbia boulevards, a distance of over one mile, and 100 feet wide, Pat- Uton avenue will thus cut through an extensive district to the Columbia boule vard. Also Villard avenue is to be opened and extended to a connection with Pippin street, also an important improvement. Peninsula Residents Awaken. There is a general progressive move ment all along the Peninsula. Electric lights aud street Improvements are to be looked after by the federation of clubs during the coming year. - - Among the important projects for iDtX is the opening of East-Glisan street and Villa avenue through the Ladd" farm to the .city limits at . Montavilla. Part of this work' has already been done. Be tween West avenue and tlfo city, limits Villa avenue, an 80-foot street, has been made, and proceedings harve been started to opea the streets 80 feet -wide from West avenue to Wlberg Lane, - through Center addition and then through the Ladd farm, also M feet wide. It is an nounced that opposition to a wide street through Canter. additlou has been largely withdrawn and that the present proceed ings will go-through without. serious op position, such as It encountered a y:ar ago. Beyond Montavilla, where there is a big clearing movement among the prop crty'owaers. the wide street is to be continued on through - - to Fail-view. Charles I -a Follette has this extension, which' will-be a country road, in hand. Farmers generally hav e signified their willingness to give the necessary land for the proposed road on condition that Villa avenue and East Glisan street arc made So eet wide, which is now being brought about. Value of Good Streets Emphasized. In his several addresses before the East Side - Push -chjbs Tom Richardson em phasised the need of improved streets, and if the property-owners can get the material for paving streets there will be a general movement for well-paved stret In . all directions. The ouly check to. street improvements will be want of paving material. Real estate sales on the East Side last week were- mainly for residence purposes, although real estate men report con siderable Inquiry for lots as investments. In Bast Portland the proposed theater propostion fs working out quietly, as the promoters do not care to make a noise until they have something - definite to announce. In the Williams addition John Sullivan sold to C. S. Palmer lot 10, parts of lots 3 and 4, block 2. for $3000. Lot 3, block 3, Ka.st Portland Heights, was sold to Mario Schwartz for $1800. E. I Barnes bought block S8 at Junction for $S373. E. M. Grimes bought 2S acres of John Bliss In the John Koger donation land claim for J420. T. J. Short sold to William D. Foth part of lot 10. block 4, Waits Cloverdale annex for $2400.- At Woodmerc, thr Portland Realty Company sold, to Frank J. McCarthy lots 1. Z and 3. block 18. for $475. Same prop erty was sold to I. A. Beedo for JlOoo. In Albina Addition, Ad,a L. Hadley sold to J. Babich and Victor Smolsin lots 1 and 3, block ?, for $1800. John M. and H. C. Pittinger sold to John Mueller south half of lots 1 and 2. block 13. for $aoo. At Creston. the Western Oregon Trust Company sold to C. R. Beardeley lots 1, 2, 3. 4 and . block ?. for S1". YOU WILL BE CONTENTED IF YOU BUY IN Why continue' to pay rent when you can build a home in this beautiful residence district where you will have every city convenience. Make a beginning. It is easy HARTMAN 8 THOMPSON - - CHAMBER OF COMMERCE LOT IS SOLD REALTY ASSOCIATES GET COR XKR PARK AXD MORRISON". Bought by J. E. Bennett in J88B for $5000, It Is Now Trans ferred for $105,000. ' Some days ago sale was reported of the J. B. Bonnett property aj the northeast corner of Park and Morrison streets. Louis Burke was the reputed buyer at $9S,00O. It developed yesterday afternoon that some hitch occurred in that deal and a new ono was consummated be tween Mr. Bennett and the Realty As sociates of Portland. The figure at which the coruer changed hands Us $100,000, with an arrangement concerning adjustment of leases etc., that wll.l place " the total Involved in the deal at $S0W additional, or $105,000. Mr. Bennett bought the 100 Teet on Morrison by 50 on Park in June, lsG, for $3000. and in LS90 built the three-story frame building now on the site. He refused an offer of $00,000 at that time for the property. The Realty Associates' deed calls for possession dating February 1, and the manager, Mr. iluynolds, said last night that while no definite plans are ready for announcement there is every reason to believe that a modern building will be erected on the site. Arrange ments with present tenants and the prob ability of an offer for the property that would iHterest the new owners are two matters that will have to develop beforo the company . decides, on their fulure plans. ' The Rejlty AssoeiHtes is composed of I GIT Robert D. Inman, Dr. Andrew C. Smith, E. E. Lytle, N. W. Rountree and II. K. Reynolds. - Buys Thirteenth-Street Lot. E. J. Daly reports the sale of a lu't 53 byi 100 on Thirteenth street, near Main, on which there Is an old house: consideration $7750. The purchaser is an out-of-town nun, whose name Is withheld for the present. It is his in tention in the near future tq erect a modern apartment-house on the lot. TOWERS AVOIDS GALLOWS Given 99-Year Sentence for Killing Clow in Hold-up. BOULDBR. Colo., Feb. 1. The jury in the case of James Cavln Towers, churged with the murdor of Frank Clow, engi neer of the North Coast Limited train ou the Northern Pacific,- was found guilty this afternoon of murder in the second degree, the jury recommending tout tlie-court -impose tho sentence of 99 years. According to the Jurors, only the fact that the fireman and a hoho on the train that was' held up failed positively to identify Towers as one of the bandits saved him from a first-degree verdict. J. AV. Bell Announces Candidacy. j. W. Hell, a lawyer, with offices in th Fcnton building, will on Monday tile ids petition us a candidate for the nomina tion of Justice of the Peace on the Re publican ticket. Lawyer Bell has his pe tition ready for filing, and he is espe cially proud of the fact that it has been signed by Z)i lawyers arid by the five Multnomah County judges. - .IVK SCENIC PHOTO VALENTINES. Clever, novel, rich. Kiser, 245 Alder tt. T.I' tzger. jeweler, optician. 343 Wash. PA E1L1