THE SUNDAY OREOOXIAN, PORTLAND, MARCH 8, 190S.
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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
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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