The Sunday Oregonian., February 09, 1908, SECTION TWO, Page 2, Image 14

g ' ' THE SUNDAY OKEGOXIAX,.
: asa& swUass - - - - 7l
- Tir- : V -j-u r,.
REVIEW OF
. ESTATE
Down-Town Realty Maintains
Position and Is Diffi-
cult to Move,
MEW HOTELS PROJECTED
, Tranters Keep Up Kecord Made In
Past Month and Building Op
erations Show "o Signs
of railing Off.
Xo strikingly novel features devel
oped in the real estate market during
tlio past week. The healthy tone per
vading all branches of realty dealings
Hnd building operations to which ref
erence has been made for the fast few
weeks, from time to time, is scill evi
dent, and dealers are keenly on the
watch for some such "bargains" as de
T volopcd in the T3ennett sale last week.
M" lie n it is recalled that the Morrison
and Park corner was within a small
margin of being handled only a short
time ago at $125,000. Its sale at JO.OOO
under that price might be regarded as
, mi indication of a flump in values.
Such, however, is not .to be the case, for
instead of affecting values in "the vicin
ity, holders of similarly- situated lots
v are not showing any evidence of sac
rificing their properties: in fact, there
is not a single piece, as far as known
among realty men. thft can be bought
now even at considerable advance over
recently made figures.
Probably the belief that the Pennoyer
block is to be improved during this
year, rumors to which effect appear to
be well founded, is one of the con- I
trolling influences in keeping values ift I
the vicinity so well maintained; oui
-a-liminating that feature, Quarter blocks
In a radius of several blocks sold for
about th figures now prevailing be
fore the Trustees' Company bought the
Pennoyer and Plttock blocks. On ono
point, at least, realty dealers are
agreed that the Bennett sale was
made at a reasonable figure, and that
r tlie fact of a. frame building occupying
the site makes the price paid little
'"' above what the bare ground is eon-
' sidered to be worth by the purchasers.
' It is n safe conjecture the new owners
.1" would be unwilling to part wtth their
t purchase except at a stilt advance.
Outlook for Pennoyer Block.
As to the early building on the Pen
noyer block, it is certainly a fact that
tin- Trustees' Company has the prop-
', orty amply securtd in their possession.
i- The lirst period for which it had
' bonded with the estate Is passed. Feb
ruary 1 being the date when a new
contract is supposed to have been re
quired. No public record was made at
that date, and none probably was neces
sary. The sale of "units" in the new
Portland Trustees' Company is said to
be proceeding satisfactorily, . and as it
1 was through this method that like com
panies in Los Angeles, Seattle and Spo
kane raised capital to complete big
structures in those cities, . there is no
apparent reason why the plan should
, . not work out in tills city. Portland
has not begun to reach its capacity to
fill up big office buildings, nor has the
Inquiry tor larser mercantile houses
for retail and wholesale purposes
shown any signs of being met.
During the wek the new Nortonia at
Kleventli and Stark was occupied by
Mrs. Norton, and. the former hotel at
. ' Pourtcenth and Washington is under-
" going alterations by its owner, E. M.
ljfizariiK, . When the weather becomes
more settled work will begin on two
inure hotels on the West Side, one at
Tnih nnd Alder, to be erected by Gum
Kosenlilutt, and another at Fourth
'and Alder by the Kealty Associates.
Tht'Re. will occupy quarter blocks eiieh
and add materially to the aceommoda-
- tliuis lor travelers. i:epa(rs and alter
s '. nA on the Perkins are progressing
o- rapidly as possible. Kmil Schacht,
t .v architfct in charge of the work.
.- rlnishiug the plans for the ground
Ti'ir, which will carry out an elabo
iiiie design in modern hotel office
-j.ilpment. The Proudfoot is anulher
sdr.lt ion to hotels on the East Side.
Transfers for $500,000.
Transfers for the week run up close
t the $500,000 mark, and averaged
ih'.'iy about $50,000. one record of $140,
ouo properly belonging to last July,
. when the sale was made. There were
. more transfers of acreage than usual
the past month, and so far this month
that class of land being In active de
mand. All handlers of lots In the new
suburban townsltes report continued
activity in residence pieces, although
'the rains in the early part of the week
Interfered somewhat in getting pros-
pective buyers to visit the tracts.
f Building operations show a continua
' tion of the activity recorded in Janu
ary. During th week 3B permits were
issued in amounts over $1000, carrying
a total of over $SO,000. Of this total
S,000 was for res-idenecs on the lOast
' Side snd $12,000 for the same class on
the West Side. Six permits were Is-
- sued for residences to cost $10il0 and
over, wlih tin' average $J300. Smaller
J items than $1006. for repairs, etc.. are
not Included in the foregoing,
j A site for what will be' one of the
V most pict'ircsnue mansions in the city
was secured Friday by Judge H. H.
Northup. The site is the point jutting
from Portland Heights at tho inlerstc-
: :
MARKET : ' ' J..- -1 '
tion of Terrace road and Twentieth
street. There are two pieces in Mr.
Northup's purchase, one being what la
platted as Block W In Grover's addi
tion, formerly belonging to Dr. Pan ton,
and is of irregular dimensions; -the
otiier is a lot and a half adjoining,
formerly belonging to L. M. Tyler. Mr.
Northup intends to erect a residence
on the point for his own occupancy,
work to begin on the structure the com
ing Spring. The consideration in these
sales has not bfen announced.
Buy Five llesideuce Lots.
Three purchases at the head of Love
Joy at Twenty-sixth street' were re-,
eently made in that desirable location
fur residences. George r. Schalk took
fractional lot at 10000; Kalph W. Wil
bur another at $4000, and Gay Lom
bard 130x100 at 3S350. It is reported
to be the intention to apply for a pri
vate street to lead into this district
Mr. Schalk and Mr. Wilbur will prob
ably begin building on their sites as
soon as the deals for tho lots are
closed up.
Office space is being taken for the
remaining- rooms in the t'orbett build
ing, opened for occupancy last week.
The agent, Donald G. Woodworth, re
ports that nearly half the space in tho
new Commercial Club building has been
engaged. One tenant has already
moved In, though the elevators will not
bo in good running order until about
the middle of the week. The building
wfll be fully ready for occupancy at
the end of this month. Work is coming
to a finish on the Beck building, work
men being engaged on the -interior.
The Medical building at Park, and Al
der is having interior finishing put In
and will be ready in a few weeks.
GUTLGQK 9Q0D AT ST. JOHN
MANY IMPORTANT PliAXS FOR
THE YEAR.
Good Movement in Residence Prop
erty Following Making of W ider
and Better Streets. -
The outlook for the year in St John
Is considered by her most conservative
citizens as most encouraging. Many
important improvements are to be un
dertaken. The city government has
undertaken the beautifying of the
ground surrounding the City Hall. It
has been graded preparatory to setting
out in flowers and shrubbery, and for
the artistic fountain purchased by the
people. Few cities in the state will
have so attractive 'a City Hall and
surroundings. The Pacific States
Telephone Company has already started
extensive improvements of its service.
It contemplates establishment of a cen
tral exchange that will handle from
1200 to 1400 telephones. To make
these Improvements will cost upwards
of $50,000. but the growth of the place
and the peninsula will justify the out
lay. It is also proposed to Improve
Philadelphia avenue, which is 100 feet
wide, from Jersey street to the Willam
mette River and erect a public dock
at the foot. Tho cost of improving
the avenue and erecting this dock will
run up to about $100,000. A good grade
can be secured from the heart of the
city to the river on the avenue. A
number of manufacturing enterprises
are to be established this year.
E. C. Hurlburt, who keeps in close
touch with affairs in St. John, says':
"Conditions here are most satisfactory.
While.no big real estate sales are be
ing made just at present, yet there
is a constant movement in residence
property. I know that sales of this
line of property are being made right
along. Also there is more residence
building at the present time than at
any time during the past year. In
the way of manufacturing we are do
ing well. I know of several good In
dustries which are to be established
in St. John the present year. Among
the larger public improvements that
of Philadelphia avenue and the public
dock are the most important, and both
are worthy of being pushed along."
Tomorrow f Monday will positively
be the last day for discount on West
Side .gas bills. - Portland Gas Co.
Mctzger fits classes for $1.00.
tg v4 - v ' n w (jv i , . " " A Vaf - " - v
EAST SIDE PUSH
BRINGS RESULTS
Spirit of Progress Seems to
Pervade All Sections of
the Peninsula.
NEW STREETS. ARE OPENED
Lodge Hall for Oddfellons About
Determined Vpon and IittJe Ces
sation Is Noticeable in the
Building of Dwellings".,
it iii rooHno- rf ,-iot tj. t rt
t. -nr i. i u ui.
r..d t,h t tir, it
CUJItrailCL V IIIKIU III 4.I1M Uttll KM
was unanimously voted to proceed
with the erection of a fraternal build-
me on the southeast corner of Knst
Sixth and Alder streets. The building
question was made a special feature
for that evening, and the matter was
thoroughly discussed. A nreliminarv
report was made by the committee ap-
pointed at a former meeting to look
Into the building project, and it was
on this report that the discussion was
based.
The trustees were instructed to get
some preliminary plans, also esti
mates on the cost of the "building.
Possibly two or more sets of plans will
be drawn up. It has not yet been set
tled how many stories the building
will have, but will be probably three.
The cost will be about $30,030. There
is aome talk of erecting a two-story
building -with foundation walls for
three stories. Orient Lodge purchased
the corner lot where it will build for
$3500 two years ago, but it has in-
creased in value to S8000. which nrico
the lodge was recently offered. It
has 280 members. Besides Orient,
Golden Rule Encampment and two
Rcbckah lodges are interested in the
projected building. It is considered
probable that the new building will be
completed and ready to be occupied the
latter part of 1908. Orient Lodge has
cash and property to the amount of
$30,000 and can easily finance the
building up to $40,00.1. if it -be decided
to build as expensive a structure, but
the trustees announce they will pro
ceed cautiously.
Useless Property Made Valuable.
In Central East Portland the mpst im
portant event during the week was the
completion of the big dredge of the Pa
cific Bridge Company and its transfer
from tho St. John shipyard to a -position
between Morrison and Madison bridges,
where it has been warming up its ma
chinery preparatory to starting on the
big East Side rill on the water front. The
dredge attracts much attention, as its
dipper scoops up gravel from tho bottom
or the river in the same manner a steam '
shovel works on a bank alongside a rail
road track. It Is announced that the
company has- spent about $125,000 in pre
paring to take material from the river.
Owing to the short haul from the com
pany's dock at the foot of East Taylor
street and the streets to be filled, com
pared, with the haul to Mount Tabor, the
tills will progress much faster than here
tofore. Operated constantly with two or
more shifts of men, several thousand
cubic yards of material can be handled in
24 hours. The filling of the low lands be
tween Union avenue and the Willamette
River means the. bringing into the mar
ket for warehouse purposes CI blocks that
are now practically unless. Besides tliis.
and perhaps no less important, is the in
cidental deepening of the river in the
harbor. Between Madison and Morrison
bridges, mainly on the East Side, the
water is shallow. All this will now be
cleaned out. The new dredge can easily
PORTLAND, FEBRUARY
work i deep water, and can excavate at
least 25 feet below the surface. Of course
the supply of material In the river ia
practically unlimited and free to be re
moved. Big- Project on tlie Peninsula.
One of the larger projects mentioned
during the week is tne Improvement of
Portsmouth avenue between Willamette
Boulevard and the Willamette River, a
distance of 1900 feet. To grade this street
will necessitate the removal of 274,000 cu
bic yards; of material, the cost of which
wodld . make it prohibitive for tlie -property-owners,
but the Standard Oil Com
pany, the Union Oil Company and the
O. R. & X. ne?d the dirt and will take it
out for filling purposes, leaving the street
to be paved. These companies will .prob
ably sluice down the dirt, as they have
done in the, neighborhood to- make fifis.
T. A. Ketchum, who has been pushing
this improvement for some time, has two
petitions signed up. one to change the
grudo of Portsmouth avenue to enable
the cut to be made, and the other ia a
petition for the City Council to proceed
with the improvement. The completion
of this work will benefit the entire penin
sula, and it is proposed to form a big
district and assess the property in it for
th paving and sidewalks, which will
cost, with the bulkhead for the dock at
the water end of the 6treet, between- $!o,
OcjO and 5O.0OO. Preliminary ' drawings
have been made of tlie avenue on the
new grade, and all the petitions and de
rails will go to the City Council at its
next meetlnK. The university rarn
Boa ra oi lraoe naa uiuurtKu im
t .... .. .. I,
lprovenient ana will aesisi in puamns n
I Iurlaiu.
I Building lAts Purchased,
I During the past week tnero was a
! steady sale of residence property all over
; the liaKt Side, although there were no
1 large transfers. The home-builder has
i been in evidence
It cannot be said that
any particular locality has gone ahead
of the others, but an examination of
transfers shows that sales were widely
scattered, all through the several sec
tions. In the Paradise Spring tract, at Mount
Tabor, Martha Morton sold ' to T. E.
Hammersly lots 5 and 6, block 1, with
modern house, for $1500. A quarter block
on Division . and East Sixteenth streets
was sold by F. W. Goldapp to Anna J.
Reinhart for $2100. On the quarter is a
small house. William E. Gannon pur
chased from Frank Capell a new house
and lot- in City View Park for Sa5o0.
Hulda Clark purchased a house and lot
on tJantenbein avenue. Albina, from C.
A. Beaton for $-.""5. A quarter block on
i Taggart and East Fifteenth streets was
sold to Frank Amato by Jessie B. Hor
ton for $1000. At Piedmont A. J. Hailing
sold lots 7 and 8. block '33, to Harry C
Miller, for r.'TOO.
. At Firlami, on tlie Mount Scott rail
way, H. E. N'oblo sold to H.. a. Card
lots 1, 2. 3 and 4. block 1. for $lt!o0. In
Sunnyslde Florence C. Webster sold to
Albert Hiller lots 5 and fi, block 32, for
tJMO. John Johnson sold lot 13, block
is, in Albina, to P. K. Countryman, for
$3275. '
In East Portland Eunice 3. Sargent
sold the east half of lots 5 anil 6, block
226, to G. A. Garten, for $8250.
On T3ast Portland Heights, Mattle S.
Bushnell sold to Ella Kenney lot ltf, block
8, for $1800.
In , MoMlllen's Addition, N. N. Riee
sold to E. S. Platts west 33 feet of lot 8,
block 17, for $3000. In West Irvington a
house and lot were sold by Mamie G.
Dick to Mary B. Klrkpatrlck. for $24oO.
At Portsmouth James A. Gray sold to
Mary Nicholas lot 14, block 3, for $1900.
Amelia C. Williams sold south 62 feet of
lots 7 and 8, block 19, Walnut Park, for
$3000.
Considerable acreage has changed
hands. Richard Williams sold one acre
to A. Wells, on the Powell Valley roal,
for $5i. James G. McCallura sold to R.
I. Echkerson 20 acres for a price not an
nounced. Fermen M. Buzbee sold to
John H. Broetje 3.23 acres for $3000. .
Suburbs Still Growing.
Montavilla suburb is keeping up with
the procession In the matter of general
improvements. The improvement of Hib
hard street Is finished and Mistner und
Broadway are being improved between
the Base Line and ' Villa avenue. A
strong effort is to be mad5 to get Villa
avenuo improved, at least between West
avenue and the city limits, which would
give the suburb a more direct street into
the. city. A considerable number of
buildings are being erected in Monta
villa. Residence lots are constantly sell
1908.
II ; ; ; I
ing in the nearby additions for building
purposes. The indications are that Mon
tavilla will enjoy a good year in every
line of improvement. Foundations for a
considerable, number of cottages are scat
tered all through Montavilla and the dis
trict east of Mount Tabor.
While tho wet weather put a . tem
porary stop to improvements in the
Waverly-Richniond suburb, work is being
resumed. The improvement association
for this district hopes to more than du
plicate what was accomplished last year
in that neighborhood. Practically all he
streets have been opened or will be
opened soon and several important
streets are provided for, including Clin
ton, East Thirteenth and Habersham,
and all the streets surrounding the
school ground purchased in the Kern
tract, where an eight-room building will
be erected next Summer, will be graded.
Through the . efforts of the push club
electric lights were secured and more
are promised. Also fire hydrants are be
ing asked for. A number of new houses
are to be built this year. Much residence
property is being sold for home building.
REAL ESTATE TRANSFERS
B. M. Lombard and wife to
Marlon Vorsteeg, land lom
mcnoing at point in west
line of East Twenty-fourth
street ,"0. feet south of north
east corner of lot 1, block 17,
John Irvlng's first addition,
V D '.f 625
Halbert H. Crossier und wife to
Daisy Bertroche, lot 10. block
I. Crosier's addition. W. l 80-0
James M. Killam and wife to
Julia Haworth, lots 12," 13, 14,
block S, Trcinont Park. W. D.. 1,253
Lanada J. McFee and wife to Al
bert Zimmerman, lots 9, 10,
biock 2. Fairfield, W. D 450
John G. Peters and wife to Mal
vina. Short, lot 7, block 3,
Laurelwood Annex. Q. C. D... I
Title Guarantee ta Trust Com
pany to Louis Klockzelm; lots
. 22. 23, 24, block IS, Berkelev, ,
deed j
Title Guarantee & Trust Com
pany to A. A. BCldon, lots 11,
12, block 17, Rossmere, deed.. 1,4)0
Henry Taylor to Henry Fuhrcr,
cast half of lots 1, 2, Tjlock 24,
McMtllen'a addition, W. P.... 1
Riverview Cemetery Association
to Edmund B. Hill, lot 63. sec
tion 101, s:iid ceninterv. W. !. 100
F. C. Barnes and wife to H. D.
Logan, lot 3, block 16, High
land addition. W. D 475
George ij. Sciiroeder and wife
to H. A. Barniiart. lots 43. 44,
block 22, Mount Tabor Villa,
W. D 760
L. A. Scott to Julian F. Foul,
lot 4. block 19, James John's
weeond addition to St, John.
W. D 1
M. W. Hunt and wife to Ilenrv
W. Coe, lot 5, block 15, Gold
smith's addition. W. L 1
The Land Company of Oregon to
A. -C. Pease, lot 7; block 22. (
City View Park. W. D 656
Edwin L. and Sherlie G. House to
First Congregational Church '
- o? Sr!t. John, lot 2, block 1. P.
T. Smith's addition to St. John,
W. D. 1
Hiram S. and Eliza Stone to
Sarah M. Strucken, tracts 9.
II. Wymore, w. D. . .' 10
S. C. Priestley and wife to Re
becca J. Martin, lots 1, 2, block
' 4. Foxchase addition, S. W. P.. 450
William Jones and wife to R. .
Her.rici, lot 5, block 9, Kenil-
worth, W. D. . 250
J. R. Caples and wife to Irene
C. Plover, north half of lot IS,
block 1. of Shaver block. W. D. 2.S50
F. William Hanebut and wife to
Jennie F. Prag. lot 11, block
17, Goldsmith's addition, W. D. 3,000
H. E. Noble and wife to Mrs. S.
V. Irummond. lot 9, block 6,
Wait's Cloverdale Annex, W.
V 175
S. C." Priestley and wife to J. B.
Switzler, lots 9, 10, 11, 12,
block 1, Foxchase addition, W.
D . 700
Eliza Gulsness et al., to Ethel
Lhl Gardner, east 40 feet of '
north 10 feet of lot 3. block
279. Aiken's addition, W. I... 130
Robert Cilles et al.. to C. C.
Moore, lot 22. block 8. Albina,
W. D .' 2,000
B. M. Lombard and wife to
Henry Jackson, lots 4 4, 4."., 4t,
4!. .i0. block 29, and lot 5,
block 6. Railway addition to
Montavilla, W. D. 525
Total.
.$16.57
Have your abstracts made by the Security
Abstract & Trust Co., 7 Chamber of Com.
BiG PACKING PLANT COFFINS
SCHHARTZfHILI) & SILZBbHG
Elt WILL Hl'IX.U HKTIi:. S
After Months of Investigation. Port
land Is Selected for Branch
Concern.
Arrangements are practically completed
for the establishment of one of the mwt
extensive packing plants in the country
in Portland or its immediate vicinity.
For several mouths negotiations have
been under way for the purchase of a
suitable site for the plant, which is to
be owned and operated by the firm of
Schwartzchlld & Sulsberger. This com
pany is now capitalized at $30.0u0,i)0 and
operates plants at New York,- Chicago
and Kansas City, and it is reported to be
its intention to establish one in Portland
that will be modern in every particular
and be provided with facilities equal not
only to present demand but to cover the
expected growth of trade in the future.
It Ls pointed out that with the rapid
clearing of wooded lands in Oregon, the
state is bound to be one of the large-st
cattle and hog producing states in the
Union in the near future, as It is now
onf of the leaders in cuttle shipment.
if
S4t
9
T r 4 -c
This grand Southern California 8-room residence, with i acres, tntig
nilieent grounds, to exchange for desirable $1j,()00 Portland residence
or ineome'bearing property.
THE DUNN-LAWRENCE CO.
KO. 248 ALDER STREET.
Wjth packing plants at hand and an in
creasing Oriental demand for meat pro
duct:. Portland will become one of tho
leading packing centers of the country.
This location for these industries w;is
selected on account of its superior vail
and water transportation facilities, after
weighing the claims of other Co:iit
cities.
One point is noteworthy in the decision
of the company to establUli. its branch
in this city, and that is it lias gone ulung
making plans without asking for bonus,
taking of stock by local capitalists or
any inducement of that nature. All that
is aeked for, according to a well-posted
Informant, is that the city treat it fairly,
and if that Is dune, the company is almost
prepared to announce an early beginning
of work on tlie proposed plant, which
once undertaken will be rushed to com
pletion. There is said to be but one
small obstacle in the way of closing up
the deals whereby the enterprise may
come to Portland, and it is tald that
obstacle will be removed in all probability
in the next two weeks.
Pays 19 Per Cent on Investment.
Values on the East Side are grad
ually increasing, especially for busi
ness sites. D. B. Mackie reports that
he yesterday closed a deal for the tri
angular block on Williams avenue and
Clackamas streets for $16i00. The
block formerly belonged to A. 3'.
Swensson. The purchasers name is
withheld for the present, though Mr.
Mackie says he is a local Investor. The
ground is improved and is said to re
turn 19 per cent on the investment.
.V
k 4 -
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ATTENTION, BUILDERS!
We want you to call and inspect
our elegant line of high grade
and artistic fixtures and supplies.
You will find what will suit your
house best.
M. J. WALSH COMPANY
311 Stark St., Bet Fifth and Sixth, Both Phones