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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (May 24, 1908)
8 THE SUNDAY OREGOXIAX, PORTLAND. MAY -24, I90S. HOMES OF SOME OF THE PROMINENT SOCIAL, FRATERNAL AND COMMERCIAL ORGANIZATIONS OF PORTLAND V mm m;mmmav mmz ?v u-r i um I J 1 1 ' fuLiiijii iiiiMi ii ii i i - rr n i mi ii I'll- ' ti!mmw wwtwMiiwwwW"Mm!wmi':iwwv& 1 , X X ffiffl t . -. ' j .! i till MORE DWELLINGS GREAT NECESSITY Renting Agencies Have More Applicants Than Avail able Houses. "INSIDE" BUSINESS DULL Record of Transfers Indicates Activ ity In Suburban Lots, as Over 100 Last Week Were for Under $1000 Each. The more study given to the evidences of Portland's growth, the more con- 1 venclng it becomes. The remarkable in crease in the number of building permits 1 Lsued for additional dwelling houses, coupled with the absence of "to let" signs in the old districts of the city, fur- ; nishea ample proof that more people are . conr1ngrto the city to take up their per- . manent residence than there are houses ; to accommodate. And now comes another proof which is ' not only additional evidence of the in crease in population, but Is interesting in other directions. Reference is made to the extraordinary number of new apartment-houses being erected in the older districts of the city. Elsewhere in this Issue of The Oregonian an article Is r printed showing that in the past five I months more apartment-houses have been i built than were in existence in Decem- (ber. The inference; is that Incoming popu- ; latlon is greater than can be accom J modated with separate residences. j Some Doubting Thomases express the ."opinion that building of dwellings is fast . approaching the limit of tenantry. Renting agents, on the contrary, report no falling oft in the inquiry for dwelling- i houses, but say that many more houses could be let if they were available. Per- j mits for building this class of houses would seem to be of such number that hundreds of newcomers might be fur - nished with residences, but still the de mand Is urgent. There Is only one solu tion. The new houses are being erected by those who intend to live in them, and . the places they vacated are promptly taken by new residents. The fact that apartment-houses are filling up as rapid ly as completed indicates that the popu- ation is increasing more rapidly than additional houses are being put up. During the past week tnere were ,uo deals In realty that attacted unusual in terest. The total of real estate transfers was somewhat above that of the previous week, but not large enough to indicate anything abnormal. Most of the deals were for property that had already been announced as sold, so that the record had been discounted. Over 100 transfers of the week were for amounts under 1000 in stated valuations, apart from the nominal value records, which numbered about 100. This indicated continued activity in lots in platted tracts, for be side sales of this character made on in stallments there is a considerable num- : ber bought outright, and then terms on the Installment sales are maturing right , along. Dealers are preparing for a lull in realty business until after the Presidential elec- j tion. When asked why the election should cause dullness in the market, no very convincing reason is assigned. A pos sible change in the National adminis tration, they assert, would disarrange values, at least temporarily, but why this should be soVs more or less of a buga boo. The fact of the ,matter Is, as has been pointed out from time to time in the last few veeks. there is no realty for sale in the "old" city. Income producing properties are strongly held, and the few vacant, lots and those having inferior Improvements are mostly tied up in estates which remain unsettled or which are devised for terms of years before they can be disposed of. Money Walts Investment. Art occasional sale is made in the northwest district or on the southern edge of the business district, and the figures announced show that valued are keeping up well, ifcot much East ern capital is being plf-ed In these in vestments at present, not that it is not here through agencies, but simply that It cannot be placed. Several of the largest dealers In Portland have had commissions for some months to take over business property on certain terms, but have failed to find the de sired investment, price being in some cases the stumbling block. Dealers ex press the opinion that one of two things must happen before any considerable movement in downtown property will be made holders to lower prices or buyers be convinced that present val ues are not too high. From outward indications the latter is the more likely solution. Building permits for the week were somewhat lower than the previous one. At the close of business yesterday there had been 90 permits Issued for the week, with estimated cost placed at $193,390. For the month of May to date there were 315 permits issued, of 'a total cost reported of $647,190. Work on the buildings of large size started during the past few months Is proceeding satisfactorily. At the Y. W. C. A. at Seventh and Taylojr. the second story Is now rising; the concrete walls of the Oregon Hotel annex are appear ing above the tops of the surrounding nouses; steel interior or the new Fen 9-0 ton building at Seventh and Ankeny is going into place, and the Beck and Board of Trade are near completion. The contractor for the Y. M. C. A. building at Sixth and Taylor will have his material ready in a few more days (or starting construction on that build ing, some delay having been occasioned by reason of the change in plans pre viously adopted. Alterations in me Perkins Hotel are about finished and the exterior has been given a coat of paint. A store has been cut out of the office space and new fronts have been put In for the other Washington street stores of the building. There would seem to be a craze for opening nickel shows. New ones are blossoming out every day or two. Those engaged in other lines are beginning Jo wag their heads and make predictions that the thing is being overdone. One thing, at least, is to be said In their favor, and that is that the little show fronts, in many instances, improve the appearance of the streets. BUYS SITE FOIl APARTMENTS Upper Washington-Street Property Brings Good Adrance. Stephen T. Dove and wife sold last week to out-of-town parties. 85x100 on Twenty-third near 'Washington for $11,500, being a substantial advance in price of the last year. The new owners are contemplating the erection of a modern apartment house in the near future on this property. The sale was made through W. J. Day & Co. Plans Wells' Residence. ( Plans and specifications have been com pleted and contracts awarded for the erection of ai 12-room modern residence with full basement and attic, for Mrs. Lizzie C. Wells, which will be erected at East Twenty-first and Tillamook streets, Irvington. This residence will contain large rooms throughout, with spacious reception and verandas, stone, setting with iron grills, tile entrance and bathrooms, quarter oak treatment on the lower floor rooms and flat grain fir above, hot water heating and stucooed second story and gable work, and will cost 12.000. Work will start next week and the building Is to be completed September 15. CENTENNIAL HIKES DEAL SELLS FORMER BCIIjDTXG AXD BUYS FX.ATIROX BUILDING. FLATIRON BUILDING ON EAST SIDE, PURCHASED BY CENTENNIAL INVESTMENT Investment Company in Which the Newspaper Workers Hold Stock Shows Good Progress. Through the agency of D. B. Mackie the Centennial Investment Company last week, concluded the purchase of an East Side property known locally as the Flat iron building. The site and building were secured by the Centennial Company from Annie H. Febre at a consideration Of $17,500. The frame building on the triangular piece is two stories in height and- con tains four stores and three flats, return ing a rental of $175 a month. The lot Is bounded by East First, Clackamas and Quincy streets, the latter being an ex tension of Williams avenue. The. Centennial Investment Company was organized in 1905 and bought as Its first investment the lot 474x128. at 729 731 Williams avenue, on which is erected a two-story frame store building, the second story containing four flats. This property was said in consummating the recent deal at $9000, being a handsome advance over its purchase price. The new owner of the. Flatiron build ing is a corporation 'that has demon strated the earning power of productive real estate In Portland. Its members are mainly active newspaper workers in the service of the daily papers a purely mu tual company, managed by a board of directors selected by the stockholders for their conservatism. Their policy is to own and operate only improved business property 1 or to buy lots in business districts and build. In the operations of the Centennial CLUBS OWN THEIR HOMES POUR LEADING ORGANIZATIONS HAVE $1,000,000 INVESTED. Portland Leads the Country ' in Number of Handsome Buildings Devoted to Social Purposes. There Is no city in the country that can excel Portland in the number of handsome buildings owned by clubs and fraternal societies. A picture is printed in. this issue of The Oregonian showing the homes of four of the leading clubs of the city. These buildings are owned by the organizations occupying them, which in itself is unusual in most cities. The Commercial Club is the latest of the organizations to occupy Its Own club rooms and the Arlington the first. The present officers of these clubs fol low: ArlingtonJohn M. 'Gearin, president; W- A. Goodwin, secretary. Commercial C. W. Hodson, president; E. L. Thompson, secretary. Concordia Max Fleischner, president; Ionis Rau, secretary. Elks John B. Coffey, president; Clyde M. Bills, secretary. On estimates made by realty dealers the values of these properties is placed at: Arlington From $125,000 to $180,000. Commercial From $450,000 to $500,000. Concordia From $100,000 to $125,000. Elks From WOO.000 to $350.000. . Hunan phon nt the feet. Roserrhfcl'i Just What a Woman Wants Tint Your Rooms "With Washable Kalsomine Costs less than the ordinary kalsomine. whirl fades and rubs off. No trouble to call and ex plain our process, and give esti mates on your work. Portland Branch, Pacific Wall Tinting Co. . Telephone, Woodlawn 2158. Investment Company are combined the principle 'of systematic savings, safe in evstment, largest income from realty holdings and all profits that accrue from the natural,. increase- in values that ap fily to growing cities. Added to this is a perieci .ymn iui bu chiimuj' ms liio in come that all of it is compounded month ly at the same rate as the original in vestment. Its accumulative power in 10 years under wise a.nd conservative man agement is so great as scarcely to be be lieved by persons .unfamiliar with the subject. It furniBhes an Incomparably profitable investment whichxught to be taken up by thousands of wage-earners in Portland through corporate organiza tions. Without ever incurring even a remote hazard, the Centennial Investment Com pany has earned over 18 per cent a year for the stockholders. In periods of de pression, when reduced earnings may reasonably be expected, the dividends are cot likely to be4ess than 10 per cent. The .Flatiron building is an illustration of safe and profitable Investment. , BUYS FARM OS ELECTRIC LINE E. J." Daly Secures 9i2 Acres Near HlllsDoro Extension. E. J. Daly has just purchased the Rutt place, consisting of 92 acres, on the line of the Oregon Electric Company's pro posed extension to Hillsboro. Consid eration, $12,500. This place Is opposite the Sam B. Stoy ranch, which produces apples that bring $3 a box in the Port land market. It Is expected when the new extension is completed to Hillsboro, this land will be cut up into acre tracts. There is considerable activity In this sec tion and mamy sales are said to be under consideration. Mr. Daly reports the sale of 50x65 on the southeast corner of Twenty-fifth and Northrup streets. Consideration, $3600. The purchaser, whose name is withheld for the present, expects to put up a tour- series flat on the property. . I. COMPANY. t H 7 : , j j I TjF - ""J I y T 7: jp I J P-Ljj , ,1 r ' - ' - "WJMgt . . . c.-.w Till Ml. 'J I LIGHT IS LIFE Nothing adds more cheer to the home, hotel, of . flee or display window than artificial lighting. See ( t THEM. J.WALSH CO. Fine line of Lighting Fixtures and Supplies. If you see them you will buy them. SALESROOMS) 311 STARK. BET. 5th AND 8th. BOTH PHONES. All Kinds of Electrical and Gaa Work Prompt ly Attended To. DAVIS & DRENNEN 406-408 East Burnside Street. Gas and Electric Lighting Fixtures Sold direct from manufacturer to the consumer the highest quality at the lowest prices. Do not fail to get our prices. Fixtures Built to Suit the Home v B. E. DAVIS Phone B 2151, East 591. H. T. DRENNEN PACIFIC IRON WORKS O. E. Heintz, JCanager. Phone East 57, Home B 1157. CASTINGS OF ALL KINDS, STEEL BUILDINGS AND BRIDGES IN STOCK 3 to 24-Inch Beams. 4 to 15-Inch Channels. l'2xlV3 to 8x8-Inch Angles w .Beautif e ayeoei Is only 12 minutes' car ride from Third and Morrison. Is building fast: 17 new houses just started. Is supplied by two carlines. Is supplied with Bull Run Water. Is supplied with engine-house, fully equipped. Is supplied with electric lights and tele phones. Is in full view of the city. Is in full view of all the mountains. Is high, sightly and level, and has rich soil. Is the only place to live and enjoy life. Is Portland's most popular and progressive subdivision. Streets . graded, cement "walks, Bull Kun' water. . LOTS $450.00 AND DP $25 DOWN AND $10 PER MONTH On Monday, May 25, 1908 All unsold lots will be advanced $50 each Buy now, make money. Take W-R.cars and get off at East Thirty fourth street. Select a lot today. Our agents on the ground all day. JN0. P. SHARKEY COMPANY 122 Sixth. Street. A 2537 Phones Main 550. East Xnd Bumsida-Street Bridge, Portland, Oregon.
