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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (March 8, 1908)
THE SUNDAY OREOOXIAN, PORTLAND, MARCH 8, 190S. A ' ft. I 5L i- ' i 1 1 r " 1 JMM. : . Br.- . -v ? 4 REALTY MARKET IfJ GOOD SHAPE Inquiry for Investment From Local and Outside Capi talists Continues. PERMIT RECORDS HOLD UP IndU'ntions Point lo Operations Ex ceeding; Thone of lrevlous Years,' According to the Statistieiaus Who Wateli Developmentb. Salf s of real 'estate last week wnt to prove that prices are be ins well .fus tiitnt (1 uini that a good tteuly market exists. AniiiTiK tho sales of liuportaiu-e were tliuse of the outaKle fntcresla in tlie tJore lot tit Tweuty-third. Washiiiton and Cornell road. -Tlie Uuntifer was made at a husis of a 'dollar a square foot, there lieiiiK 4."i.tKK si-unre feet ..in the tract re ferred lo. Othoj sales in that part of the city allowed an advance of over tk) per cent compared with sales a year ao. - In the down town business eections of the city nothing' of any great Impor tance has Oh an fired ownership for the past few weeks, but rejf aril less of that fart dealers report a fairly brisk in inqntiy which is certain to produce re sults before many duyj. Uniformly, reu I estate mm say the market Is in excellent condition, for while, individual sales involving large h mounts are few and far between; thre. are so many made of reasonably prie-d luty tliat the total for a priven week assumes pro portions connnanding' attention both at home and abroad., Uesideuts of Portland who liave ! made rect-nt trips to either the Nort h , or Poulh come baek home better satis- 1 fie J witli conditions here titan before ' they i made the trips. Ituildiny: opera- j tluns, for instanre, ha e prone on :U- most .uninterruptedly sine last Full in tht.eity, muj e.speeially In the subiirs, where; in other t'oast cities a .consid erable falling off lias taken place. They express tlie opinion that Portland felt the money squeeze some months ' nun to a less deuree t ban t he others, and teeovei-ed first. There is now but little diit'ieulty experienced in tinanc inr hii h u i Id in k enterpriss for the su t fie tent reason that I oca I bankers mid apita!!Ms 1m li.-ve so thoroughly I in Piu'tlaud's future, and because funds ! are iiKaiu ptlintf up heyond -the nerds j of current commercial requirements. KnMeni Capital Interested. In addition to the local inquiry for ; the better cla-s of tq-oute protliu-ing business sites. thre. continues to be ; repeated communications from Kast ern and o titer outside points with brokers here rewrardinK invent nients. the reported and easily verified ex amples of lartce ret urns in I 'or t land from rentals and in rapid advances in viihi attracting the attention f cap it : I l.ts everywhere. Several da Is are in u--h shape that almost any day is likelv t see tln-m anintuiut'tl as Iosed tip. Investors are fast hmHnp out that ev-ry day's delay niake.s the tiutnee of securing a "bargain" less certaip. There iei not a dealer of staudin-j: in the city holdihjaf other than the most iiptimistte views f present and pros peetive eruditions in the market. V: vervthlus seems to pint to one of t lie best cars in re a ! '.y t ran sac t Ions cer known in the history tf the city. A remark fri quenUv he.-trd in not only re.lty circles but among; other men of aftairs Is that lVrt t; ml people do not realize what a prea t ity this has be come and what the future has in store. "With dwellings sprliiteitiK np in every direction, bty enterprises projected, new rai Iroads about ready to open for business. street improvements going forward to keep pace with the spread ing boundaries and increasiiif? vol unity ef trade in different lines all these mean a grrater lorttan4 and It means that it wiil come tie fore the people realize what has happened to them. Permits Keep l"p Average. Iiit week there were los building permits issued, or an average of 1 a day; if that a vera a is kept up. lor the balance oX the month it will brlns? tiie month up to the 4a0 mark again, and thtre is no reason apparent why the average should not be Inert ase-V Some statisticians . aro predicting tti new buildinsis for tiie year, basint their calculations on the past two mouths. In valuations the week footed up $13;i. The Kast Side, as uual for som months past, look out the great t r ma jority of permits, being largely for dwellings in the rapidly extending subtii bs. Kliiutnatiug a trust deed that was recordid during the week ot H'Ui.vmO r- A' 4 1 i. 1 - ' J-111 . J i' J V Z - cj ? a i .ft r-k vjL i w .'? t- ; 2 - 1. 1 'J i & f men- -' ,, , ,,, , ,, ,,, , , , , ,,, , If 1 x s. -. - ... ' ..',2' ,. JSC Ji- J , Jl-i?S !III'4YJI rjti U.j irf .ells. . it 7jr III . vv-. 4. vvw, ; v , t xss. illl J Hf i Ci r ' '.y T 4'fr vr -ii v'fv ?fj' i iV4nxr; i t5 - -lo-JkJJ iji I' fc.ru Ii villi I !" J" f 1 1 ' ' - - 5" v.s T'--4-s - iitji'l. I -, 7 " , . - JJSP 3 (W TMZ .Art-JZZZlA. JROST CT &4ZS. I ' " oz.z ctapt: ft&Rf pzcr, u&ivsr&zzrcirf double: house avsz &y the total value of real estate transfers approaches $350. OuO, or an average of about $:0.0UU a da v. Again the Kast Side shows the greater number of Items, there appearing to be no tailing off in the salee of lota in that part of tne ckv. Home Important deals were made in the older part of the city, among them being spine sites for manufacturing concerns. Attention is still directed to the remain ing locations near the packing-house dis trict of the Peninsula, and some import ant d-'als are known to be pending in that locality. Predtfing and pile-driving is pro gressing on tne Swift property and a pood movement is reported hi sales of building lots m the townsttcs nearby. Ot'fieo Space in Demand. Satisfactory progress is reported in the renting of space 111 the new oftlce build ings recently completed or approaching completion. Quite a number of ofhees have been rented in the Medical building at Park and Alder, -which will be ready In a short time for tenants. Space in the Keck building w also being taken. The. Commercial Club buildim? is hlhne tin and the club quarters are being made ready for oecupancv. Pacing is being placed in position on the big concrete building or Healy & Lombard, corner of Fourth and ffuk streets, known as the Board of Trade building, and plasterers and carpenters re rushing the interior work. Structural work has begun on the Ore gon Hotcf Annex1, facing Park street; ie Cornelius Hotel is ready for a tenant; ork ii being rushed on the Uanmoore, hich will be opened as soon as the fur niture is put In: alterations arc progress mg satisfactorily on the Perkins, and the new Rosenblatt will be started about the rtrst of April. AVork on the Syndicate Ihotel at Fourth and. Aider street wtU start as soon as thf present leases ex pire, and repairs on the St. Charles and Seoit are going forward, or are contem plated in the near future. UOAKD KLKCTIOX I'OSTPUVED Kealty AM)eiation "to Fleet Officers at Banquet March 17. Several members of the Portland Realty Hoard nut yesterday afternoon at the Commercial Club, aud, according to pre vious arrangements, adjourned to meet Tuesday night. March 17, when the regu lar banquet of the board is to be given. Yesterday was the ' date fixed by the Constitution of the organization as the annual election, but as the banquet date comes so near thereafter, it was thought best to combine the two events. A mo tion was made to postpone the election to the later date. A committee, of which M. G. Griffin is chairman, has prepared an outline of plans for the formation of a real estate exchange, which Mr. Grif fin says meets the approval of moetof the members of the board) and which he believes will be adopted at the meeting to be held preceding the banquet, when a large attendance is expected. sales at ViitversltyFark. M. H. Tower has sold to this Smith lots S, ! and 10. In block IIS. Vnlverslty Park, for $:i5W0. There is a ten-room house ou the property. Mr. Tower also FISHERMEN HAVE NO LU;CK Take Few Cod In North, Owing lo .Stormy Weather. SAX FRANCISCO. March 7. The cod ftshing schooner Czarina arrived today 13 days from Pirate Cove vwlth 92,903 cod tish. ' This is only half a cargo, but Cap tain Kohler says that he brought every fish there was at the station. The weather has been unusually stormy this season and the fishermen have had poor luck. The schooners Hunter and Maid' of Orleans were left at Squaw Harbor and the Maid of Orleans was to have sailed for Seattle shortly after the Czarina's de parture. Tiie ship Star of English, which arrived today from Nanaimo, .with a cargo of coal for the Alaska Packers Association, was weather-bound in Neah Bay for five days. During that time a succession of terrific gales raged In the Straits of San Juan, accompanied by hail and snow. Ernest MeXe.an and Joseph Flanaghan. boys stowed away on the ship at Nanaimo, are being held on board and will be sent back to British Columbia by the immigration authorities. Receipts of lumber today by sea amounted to 850,000 feet. Institute at Woodburn. ... WOODBURN. Or., March 7. (Spe cial.) A largely attended local teach ers institute wan held in this city to day. It was considered one of the most successful institutes held this year in Marion County. The pro gramme was: "Composition," Miss Mattle Kentner; "Arithmetic," K. A. Miller; "Reading," Prof. L. R. Tra ver; question box; noon; exercises by pupils of Woodburn public schools; address. Colonel J. M. Poorman, chair man of Woodburn Board of Directors; "School Management," R. L. Young; "Grammar," Prof. L. R. Traver, FVee. candy with children's shoes at Rosenthal's. Seventh and Washington. Perfect fitting glasses Si at Metzger's. Read Sharkey's add today. MR. JOHN BUILDER: Have the M. J. Walsh Co. install your Elec tric Light Wiring, Electric and Gas Chan deliers, Orates, Mantels, 'filing and And-. irons. They carry the finest Hue in the city. See them before purchasing. SALESROOMS: 31 1 Stark, Bet. Fifth and Sixth Both Phones has sold to Mrs. Hose Larson, on Von traut, lot :t2 and the south half of lot :!3 In block University Park, or $1000. CHARGE TO MAKE LAWYERS Stanford Vnivpr&ity lo Require Tui tion In Law Department. i?A.N FRANCISCO. March 7. (Special.) The board of trustees of Stanford Uni versity have decided to charge for tuition hereafter in the law department. The legality of this action has been made pos sible by the passage of a special bill to this effect through the last Legislature. This is, however, the first time the newly acquired right of the university officials has been exercised. The trustees decided 4o charge" a tuition fee of 125 per sem?stcr for students taking, alt law work. Students who are not registered for law courses exclusively will be charged at the rate of $3 for each uni versity unit. This ruling does not apply to students already enrolled, but will go Into effect the first of next year." It was learned that this step had been contem plated by the trustees for some time, and the action caused comment, as it was thought that decision concerning the law. department may be followed by he ex ercise of the power In all of the profes sional courses. - This would include the . engineering courses principally. ! Harry R. Katon. formerly room 10. Chamber of Commerce,- has purchased the cafe in the Rothchild building. Fourth and Washington streets. Tomorrow and Tuesday will positively be j the last days for discount on West Side j gas bills. PORTLAND GAS COMPANY. How Would You Like to Live hi a Park? It would be ideal, would it not? Think of the refresh ing air, the abundant healthfulness, the rustling trees and the songs of the birds. A man-made park is a de lightful place, but the park that Nature prepares is the most restful, most enticing spot on earth. It is won derful to live where the great city is in sight all the time, where one can look down from the high places and see all the activities of progress. And, it is equally as wonderful to be in such close touch with it all and yet live so far from it that its disagreeable features are lost in the intervening space. Truly, on the approach of Spring, Rose City Park is a magically charming place. Coupled with all of its scenic adornment, there are all the improvements that make one satisfied with the place where he has chosen to abide. There are graded streets, cement walks, curbs, city water, telephones, electric lights, building restrictions and the best street car service in Portland. If such a place suits, Then You Should Build in Rose City Park The prices are the same as last year, and the terms very satisfactory. A call at the office will answer all your questions. There are several splendid building sites remaining on the Alameda. TAKE A RIDE TODAY OUT TO ROSE CITY PARK HARTMAN & THOMPSON BANKERS CHAMBER OF COMMERCE YOU WILL SEE THIN GS DOING IN ROSE CITY PARK
