The Sunday Oregonian. (Portland, Ore.) 1881-current, July 12, 1908, SECTION THREE, Image 34

The Sunday Oregonian., July 12, 1908, SECTION THREE, Page 10, Image 34

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Newspaper Page TextGOOD TONE IN REALTY MARKET Several Deals of Good Size Result in Creating More Interest. BECOMES CITY OF HOMES New Manufacturing Plants Assured, Which Will Mean Continued Demand for Wage-earners' Honriesltes and Dwellings. The real estate market the past week had enough good business reported to keep the tone strong and also to keep dealers guessing what is to come next. The. fact that local wealthy men are picking up the few remaining desirable sites in the business district of the older part of the city, and announce their in tention to put up modern buildings there on, has made the trade take quite a dif ferent view of the prospective market, for in the last few days not so much has been heard of the brisk demand from out side buyers as of the probable purchase of this or that piece by a Portland in vestor. Dealers say the outside inquiry has not ehown any falling off, and In fact report a growing Interest by investors from dif ferent parts of the country; but local capitalists are the class now being ap proached with greater confidence than was the rule a few months ago. It would seem, as a leading broker said, yesterday, that the prophet-in-his-own-country prov erb is being ignored. Realty dealers had a difficult experience in convincing Port land investors that right here at their doors better opportunities are offered than are to be found elsewhere. Recent events would seem to Indicate that at last the dealers have won their point. Becoming Manufacturing City. One of the most significant signs of the times is that Portland if. becoming a man ufacturing city of the first importance. The Manufacturers' Association has been Instrumental in securing the location of three plants within the last few months. These are the Star Drill & Machinery Company, located at Clinton street ana the railroad, East Side; the Carman Man ufacturing Company, of Tacoma, to be located at Nineteenth and Savler. and the rpment works now being organized, which Is to build in the South End. Officials of the association report that three other enterprises are figuring on locating in or near Portland. These, added to the certainty of the Union Meat Company's and the Schwartzschlld & Sulzberger pacKln plants, together with enlargements under way of plants already estannsnea. point to the certainty of having the manufac turing industries of the city increase to an extent that means much to its growtn. Kvervbodv who lias even a superficial knowledge of how cities are created knows that manufacturing and transpor tation facilities are the principal factors In the making of great centers. Portland takes front rank in the latter particular and Is rapidly arriving at the former. Large Enterprise Coming. Without the element of what is known in the vernacular as "hot air" It is to be chronicled that within a couple of months announcement will be made authoritatively of the con summation of the biggest manufactur ing enterprise, or to be closer to the fact, enterprises, that has yet sought Oregon for its location. Enough may be announced now to indicate that a company is formed with stock all taken for the establishment of one of the most elaborate manufacturing schemes In the whole country, and that little doubt Is felt by the promoters of the enterprise of its early consummation. Eastern as well as local capital is in terested in this enterprise, and the lo cation will be not over 30 miles from this city. These enterprises mean much to Portland, for manufacturing means employment of men, and employed men want houses to live In. The mainstay of a city rects in the wage-earners, for It Is they who keep money In circula tion and make business in all lines possible. This city is fortunate in the class of wage-earners that have grown into its citizenship or who have been attracted here. Fortunate, because they are in dustrious and save part of their earn ings, at least, and, better still, invest their surplus in homesites and build houses. Becomes City of Homes. It requires no expert in economics or In building statistics to see for himself how the city of Portland Is rapidly becoming a place of wage earners' homes. In any direction tra versed the evidence Is at hand. Three or four hundred building permits are Issued every month to these most "de sirable citizens," and as rapidly as the houses can be finished they are occu pied by families, whose head at once becomes interested in pushing the good work forward. Transfers of realty as recorded last week kept up to about the average of the last few weeks. Several large deals were placed on record, which brought the average up. The consid erations would total something over a quarter miilion if the real amounts had been stated in the records. A rumor was current on the street that part of the half block at Fourth and Ankeny had been taken at $65,000. and the transaction may be verified later on. though at the time this com ment closed oarttculars of the deal could not he obtained. New buildings are progressing with out hitch of any kind. The Oregon Ho tel annex looms up over the surround ing buildings, the Fenton likewise is receiving the finishing work on the walls, the Cadwcll-Burkhart. on Second street, in up one story; work on the l . M. C. A. moves upward graduallv and so It goes all over the cttv. Work men will be putting up the superstruc ture of the Rosenblatt Hotel, beginning this week, and reports from the dif ferent districts of the city are to the effect that building Operations are maintaining the remarkable actlvitv that has become subject of surprise to both resident and tourist alike. Burglar Invades Bedroom. NEW YORK. July ll.-A wakened at an early hour this mornin by pressure about the throat. Mrs. lgoe Whitley of Boston, a niece of the late Mrs. Charles F. Fair, discovered that she was being gagged by a masked man. She was un able to scream, but she fought desperate ly and awakened her brother-in-law Frank B. Leonard, at whose home she was staying in Caldwell. N. Y. He burst Into the room and the man jumped from a second-story window and escaped. The police are inclined to believe the intruder was not a burglar. Residents of Portland Building TTyTVC., ' , i alj" 1 .VMF M 3 , Messrs s 0 I B III IL LZ. , 4-. GOOD-SIZED SALES ON EAST SIOE Business Sites Figure in the Week's Transactions Along With Residence Lots. NEW TOWNSITES FILL UP Modern Street Work Gradually Re places Old, Greatly to Improve ment In Appearance of City and Comfort of Residents. Furchase of the quarter block at the southwest corner of Grand avenue and East Ankeny street for $27,500. by J. C. Alnsworth, president of the United States National Bank, the past week is a sig nificant pale and a recognition of the importance of Grand-avenue property by Mr. Alnsworth. John R. Brigham, who sold tho quarter, held it for nearly 40 years, having paid J1100 for it. The price paid indicates the advancing value of property on Grand avenue. Quarters on East Alder street brought $45,000 with their buildings several months ago, but the quarter at East Ankeny is occupied bv a small cottage. The price paid would indicate that the value oT blocks between Union and Grand avenues has reached $100,000. It is understood that Mr. Alnsworth will erect a brick building on the site as- soon as a tenant is found to lease the structure. Buys Albina Lots. Another transaction the past week was the purchase by W. A. Caldwell of sev eral lots in Albina for $16,000. The prop erty Included are a house and lot on the southwest corner of Failing and Hen dricks streets: dwelling on the northwest corner of Falling and East Tenth streets and a 60x200 lot facing Union avenue, be tween Fremont and Beach streets. Mrs. Helen B. Banks, of Salt Lake, sold to Deering & Jackson her former residence on Broadway and East Twenty second streets, for $7000. Mrs. Sarah Evans bought a house and lot on Kerby street. Albina, for $4250. A quarter block and house in Vernon was sold the past week to Mary T. Littleiield for $2100. In this tract a number of building sites were sold and new homes are under con struction here In all directions. In City View Park a lot and fraction, with a house, was sold to Sophia A. Rledle for $4000. R. A. Eva purchased lot 3 and part of lot 2, in block 295, for $4750, and in Holladay Addition sold a lot, 40x80 feet, with house, for $3500. Frank Bode sold lot 7, block 201, East Portland, to G. N. White, for $3000. At Arbor Lodge, on the St. John car line. Mary L. Gould sold H. M. Abbott lots 3 and 4, in block 2, with house, for $4150. In North Albina E. E. Lang sold to Martin Reiling a quarter block in block 2 for $3800. Ellis Hughes sold a quarter block in block 36. Irvlngton. to Joseph Menefee, for $3000. In Lincoln Park John T. Foulkes sold to James Blane lot 13, block 22, for $1800 AVaverly-Rlchmond and KeniHvorth. The remarkable progress that has been made and Is still being made south of the Section Line road, including Waver-ly-Richmond, Waverleigh, Kenilworth and the entire district toward Wood stock, is due to the Waverly-Richmond and Kenilworth Push clubs. A year ago there were no improvements under way in this district worth mentioning, but now an expenditure of over $1,000,000 in substantial improvements, including new streets and attractive homes, has been projected. In the Waverly-Richmond district an eight-room scholhouse is being com pleted and will be occupied this Fall. Clinton street is being Improved through to East Forty-first at a cost of $16,000. Ellsworth and several other 'streets also are to be paved, the cost of this class of improvements aggregating $100,000. In the Waverleigh tract all streets are to be paved and 40 cottages are under con struction. In Kenilworth, through the inspiration and push of the Kenilworth Improvement Club, thore has been marked progress. Results are now being secured after a long and hard pull on the part of the enterprising members of this club. Gladstone avenue, 80 feet wide, is being improved between East Twenty sixth street and Ivanhoe, a distance of more than a mile. Gladstone avenue is to be extended through to the Southern Pacific carshops, opening that great dis trict direct to East Twenty-first street and providing another street, besides Powell, into the city. Several of the cross streets, including one running to the Oddfellows' Home, are to be opened and Improved. As- one result of these street improve ments Kenilworth has become a desira ble home-building section and many lots have been sold the past few months. A large number of attractive homes have been erected and others are now build ing. Between the Southern Pacific car shops and Ivanhoe. about a mile, there Is a most satisfactory growth. Holladay-Irvington District. It would not be easy to place an esti mate on the cost of the improvements projected in the Holladay-Irvington dis trict, and the district northward from Thompson street. There are now under way and projected improvements that will cost upwards of $2,000,000. Of this amount ax least Jl.OX.0u0. perhaps more. Cozy Little Homes Like These in Every Section of the City will be expended in hard-surface pave ments within the next two years. Northward from Thompson street, which already has hard-surface pave ment, a splendid residence district is be ing developed. Thousands of dollars are being paid out every week for new work on streets, which are being graded, con crete sidewalks and hard-surface pave ments laid. This Is a new district and vhile some wild growth yet remains, at tractive residences are already being erected. About 300 have been built al ready and others are projected. The building area is rapidly extending north ward to Vernon, which was opened only one year, ago in a wilderness of under brush and stumps, but over which now building operations reach on toward the Columbia River. To the eastward im provements are moving, and will soon ex tend to Rose City Park in that direction. In Holladay addition and Holladay Park, residences are being built that will cost on an average of $5000, several betr.g estimated at $12,000. The Oregon Real Estate Company Is laying Hassam pave ments on many streets, which will be a fair test of the lasting qualities of that pavement. Out of the movement started by the Holladay-Irvington Improvement Association it is believed 'reasonable terms for hard-pavement may be secured. A. J. Capron declared in his address be fore the club Monday night that it is not the pavements that are objected tj, but the cost of the pavements, and if the out come of the work of this association re duces the cost It will accomplish a great work for the whole city. The cluo is able to handle the question, being one of the most powerful organizations in the city and having ample means at its command. Depots to Be Built. The most important advance movement on the East Side for the week was the written announcement by General Mana ger O'Brien of the Harriman lines, thai plans for a passenger depot were being prepared and that the building would be ready for occupancy by the first of the year. It Is believed the depot will be built on East Morrison and East First streets. The size of the building was not given, except that It will be ample for all public demands. The freight depot will not be erected this year, but assurances were given that it would be built aext year and of suffi cient dimensions to take care of the freight that comes to the East Side. The growing warehouse business in tho dis trict between Union avenue and the Will amette River Is evidence of the need of facilities for handling freight. Mr. O'Brien admitted to the committee from the East Side Business Men's Club In an interview that the Harriman freight facil ities on the West Side were not altogether satisfactory and that an East Side freight station might give relief. He was very cautious, however, about making prom ises as to the dimensions of the building. He said the outlook on the East Side for a substantial growth was most encourag ing. Several new warehouses are now being built, including Oliver Chilled Plow Com pany. Wallace & Devlin and Parlfn & Orendorff, representing an outlay of $150. 000 ail in this district, which will largely Increase the amount of freight handled. It Is also predicted that when the fills are completed covering some 20 blocks, and the streets, it will result in a large number of other wholesale buildings being erected. .Those who have followed the situation are confident that the Harriman interests will provide ample facilities for handling freights on Its own property in this district. Lay Cornerstone of Villa. Preparations are being made to lay the cornerstone of the first building of the "Mission Villa" on the Powell Valley Road in Waverleigh. A suitable ceremony is proposed on that occasion. Several distinguished men have been invited to participate in the exercises. It will mark a departure from the ordinary apartment house construction and introduce some thing novel here. A cluster of buildings will be erected on the grounds, the occu pants of which are to be given the oppor tunity to purchase all their supplies on the grourd at lowest wholesale prices. The tlm6 for laying the cornerstone has not been fixed, but will be soon. The entire cost is represented to be over $100,000. Among the fine modern homes projected for the East Side is the residence to be erected by H. L. Chapln in Holladay ad dition. Architect Wrenn Is preparing the plans. The cost will be $15,000. Floors will be hard-finish, it will be heated by steam, arid there will be two stories and an attic. Foundations will be of concrete and stone for which bids were received during the past week. One of the attractive residences being erected on the East Side Is that of C. B. Moores on East Fifteenth and Wasco streets, to cost $12,000. It Is well along toward completion and will be occupied this Fall. Mr. Moores formerly lived in Salem. Robert L. Stevens, who owns the quar ter block at Union avenue and East Madi son street, touching the Sargent Hotel, contemplates the erection of a two-story brick with full basement. There had been an option on the quarter, but in case the sale is not made Mr. Stevens an nounces that he will put up the building, which will be occupied by a transfer company. SYNDICATE INTENDS TO BUILD Owners of Lot, Fourth, Fifth and Ankeny Discuss Plans. Negotiations are under way by the syndicate owning the irregularly-shaped lot at Fourth, Fifth and Ankeny for the erection of a modern building on the f nst Whata Woman Wants Tint Yonr Kooms With Washable Kalsomine Costs less than the ordinary kalsomine, which 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. site. Nothing definite has been decided upon, but those interested say the build ing project is under consideration. The lot is that upon which the Dexter stables stood, which was destroyed by fire Tuesday night. The lot adjoins the Marshall-Wells building and is opposite the property owned by the Pacific Paper Company, across Ankeny street, which is to be the site of their new warehouse, to be built as soon as plans are com pleted. The members of the syndicate that own the burned-over lot are: E. Ames, Ernest House, H. S. Reed. I. G. Davidson, J. C. Beck. J. M. Lelter and J. Foxton. The lot is 125 feet on Fourth, 200 feet adjoin ing Marshall-Wells Company, 70 feet on Fifth and irregular line on Ankeny. PORTIyAXT REALTY COMPARED Local Agent Visits Sound Cities and Returns Satisfied. W. H. Mall, who has Just returned from an extended trip through the Pacific 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 B. E. DAVIS Phone B 2151, East 591. H. T. DRENNEN PACIFIC IRON WORKS O. E. Heintz, Kanager. 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 Channel.. V2xV2 to 8x8-Inch Angles East End Bnrnside-Street Bridge. Northwest, brings home a better Impres sion of Portland property than when he went away. He visited Spokane. Ta coma, Seattle and other cities, and wherever he went studied real estate conditions. Mr. Mall says that at Tacoma he found lots that sell in the suburbs bring from $500 to $1200, where lots the same relative distance from business centers are sell ing in. Portland for $250 to $600, nearly one-half less than asked for similar realty in Tacoma. He concludes that Portland property Is the safest Invest ment, because of steady growth in all directions. Grange Builds Sew Hall. Pleasant Valley Grange has erected a new and commodious hall. 54x64 feet. The lodgeroom is 28x40 feet with stage and anteroom, and there Is a kitchen and dining-room 26x40 feet. All the rooms are on the ground floor. The property is valued at $2000. Pleasant Valley Grange has become one of the 'strongest in Mult nomah County. Portland, Oregon. M. J. WALSH CO. Salesrooms, 311 Stark Street. Designers and Makers of Fine Lighting Fixtures Catalogues containing the latest exclusive de signs sent free to builders on request. A full line of electrical and gas supplies always on hand. Electrical and gas work of all kinds promptly attended to. King up on either phone.