8
RLGOHD
MADE
JULY BUILDINGS
Portland in First Rank in Num
ber and Amount of Per
mits Issued.
BRISK REALTY MOVEMENT
Month Just Ended Promises to Start
Up Another Active Condition
and Make Year Memorable
In Real Estate Annals.
Showing a gain over July of last year of
SS0O.00O. lut month, with its total or
$10SS.3fiO. as coat of buildings for which
permits were issued, is recoI?,t."f
In July, la there were Jnlt s
ned with valuations of ri.6-5. July.
Sff there were 373 will J760.360. The
total for the month Just past, large as
It Is. Is in reality not complete, for in
a number of Instance, the 'ra,r
take out permit for only a portion i of a
building at a time, and In cases where
several contractors are interested In one
project, each takea out permit for the
part he, Is to do. Just how much more
the valuation, on completed work will
be than the amounts reported so rar.
Is not known, but an approximation
would be J20O.00O. .
In addition to the record shown In
the Building Inspector's office It Is
known in that department that in at
least eight instances work is started on
excavations fcVbulldings to be - from 4
to 10 stories, for which permit, have
not yet been Issued, but must be applied
for before the work can proceed much
farther. Plan, and specifications of the
Carman Manufacturing Company s fac
tory on Upshur street are In the inef
tors office for examination, probably -to
be passed In a day or two. which will
give August a starter.
Inside Sites Picked Vp.
Important and significant a are the
records made In the Building Inspector",
office for the month, the unusual activ
ity in inside realty that developed un
expectedly during the month has creat
ed more comment than building opera
tions. The remarkable amount of build
ing that has continued without interJ
ruptlon since the beginning of the year
has ceased to be a matter of surprise to
the people of Portland, who have come
to regard new building, a. a matter of
course It i only when total for stated
Periods are brought to their attention
that much interest 1. aroused. Just now
that interest is aroused over the record
of July. But the movement in realty in
midsummer comes a. a distinct surprise.
What effect it ha. produced In alty
circle. Is commented on by several deal
ers whose opinions are given elsewhere
in this issue of The Oregonlan.
That Is a good point made by Mr.
Northrup In comparing the Jfent Iet:
lng in the market to that which followed
the extensive operations of Charles
Sweeny a few year. ago. "
called that for some time prior to Mr.
Sweeny", appearance in this field there
was little business done In Inside prop
erty and that the Interest he started
had its effect here for month, afterward.
A parallel experience may be the result
of Charles K. Henry, operation, for his
clients. An admirable feature of the
comments made by Mr. Henry", competi
tor, in business is that without excep
tion they give him credit for "starting
something" In the season when realty
men customarily think more about sea
side or mountain, than closing up deals.
During the month of July the aver
age dally valuation of transfers. Includ
ing nominal prices, was about $65,000, or
a total of $1,600,000. This total does not
Include several transactions Involving
large amounts, notably the Sixth and
Washington purchase and some acreage
in the vicinity of the lty. Until some
plan is adopted through which actual
ales prices shall be recorded, it will be
impossible to arrive at anything like a
fair report of any month", or year,
valuations In realty transfers, and tho
last month Is no exception.
Values Not Unreasonable.
Since the purchase or the Labbe cor
ner was announced at $260,000. there has
been much discussion among realty men
concerning the present valuation of that
and similarly located pieces in the busi
ness district of the West Side. D. S.
6 team, who negotiated the sale of the
Iadd estate corner, to O'Shea Broa,
known now as the Olds. Wortman 4
King corner, at Fifth and Washington,
figures out in what Is regarded as a
reasonable deduction, that ground on
corner. 100x100 feet, between Third and
Seventh on Washington street, at a
valuation of half a million return 7
per cent and better. John J. Jennings
4 Co. a few months ago leased the Mc
Ginn quarter at Seventh and Washing
ton on a basis of 7 per cent on $800,000,
counting in the groun at SSOXoO'Xjwnh
a prospective building to cost $300,000.
With these two to base esUmates upon,
realty men consider the figures paid by
Mr. Wilcox for the 100 feet on Wash
ington by SO on Sixth as about In line
with established values of the last two
or three years.
Making due allowance for the fact that
hearsay reports lack weight, and that In
tending Investor, pass by representations
that begin "It Is said." It 1. to be reported
that a banking firm In this city has a
positive proposition from two Eastern
firms that desire to execute long-term
leases for suitable warehouses In desirable
locations. The Easterners want to leaae.
not to buy; and the bankers said yester
day they were unable to fill all the re
quirements of the commission because of
the fact that the kind of buildings de
manded were not to be had. The firms
write that Portland had been selected as
the city in which they wanted to locate
after looking over the ground carefully
.11 th. PnB.t Kpeotiatlona are un
der way with representatives of two or
three estates to build the warehouses on
unimproved sites, and it is believed tne
new enterprise will be secured to the city.
Good Business Chances.
These Inquiries are referred to simply
i 1 in nrncnwt for an Cl
io lllUil-w ..- r - - i
tension of the trade of Portland. The two
Instances cited are those of business con
cerns that are not asking for bonuses or
anything like that; they want oniy to oe
. . . .nlt.hU lrwAlitv and will at
nousvu i - ---
once enter the field of merchandising In
, There never was a time in the history
of Portland when better opportunities for
Investments In realty were presented than
now. Is the unanimous opinion of all who
are at all conversant with the facts, and
recent events have served to bring the
ihiv tn tho attention of both
local and outside investors. The oppor
tunities are not coniinea 10 iubiuo Viuv
erties, for in all the agencies of platted
. i. romrtAl remarkable
L l n- i a 1. 1 . . - - -
activity, with no let-up in sight. Both in
the districts on the East Side and on the
t m wt owners of resl-
i'fl-""
dence tracts report steady and increasing
MANY DWELLINGS
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REALTY DEALERS
ARE OPTIMISTIC
Representative Firms In Sev
eral Branches Agree Out
look Is Good.
LOCAL MARKET IS FIRM
Unexpected Activity In Inside
Holdings Extends Influence to
Outside Tracts and Future
Trade la Assured.
rtwinff to hs sudden awakening In the
real estate market In a season when that
hmnrh of business is usually without
muoh life, the trade was taken unawares.
Dealers, however, were quick to grasp
the situation, to fall Into line and create
a condition out of a circumstance.
The effect of the big deals of T. B. "Wil
cox coupled with unprecedented building
operations In July, on the real estate
market of Portland, and what It means
for the future are best outlined In the
following opinions of a lew representa
tive dealers and brokers.
David S. Btearns-Tforuana is coming
to Its own. In no other, or more appro
priate words can the present real estate
situation be described. I speak from per
sonal observation, when saying of all
principal cities In the United States.
Portland. Oregon, oners more juosuuiuiu
Inducements in me way 01 large icuun
returns and steady Increase la value.
than any place I have yet seen. With
the North Banx road pracucauy open
for business; the deepening of the Co
lumbia River bar to admit the largest
ships: the opening of the Upper Co
lumbia, giving this city someming pus-
V... nA Athar THflP. . OofUit nort-
and impossible of atHnment by any other
place; with our wealth of virgin land.
scarcely yet scratches over; wun now
factories following eacn otner in rapia
.u m nnm doubling: their ca
pacitywho can gainsay with reasonable
argument to DacK tneir i.inin., ui
we will not have here tne larger cny
on the Coast,
All people visiting Portland are 01 tne
opinion nature designed this site for
such purpose. For years we have been
content to let nature do all. but now we
have taken our lesson from our neigh
bors on the norm ana our peisnuon "
the south. T. B. Wilcox is but a leader
in the procession, and from now oa all
good cltisens will and must . follow in
his steps. I predict for many years to
come, rapid enhancement of values. The
business district rrom eigne w xa i "
ago was practically rrom inira ana
Washington, weex to oia.ui m-rerji- btoiu
to Morrison and east to Third. The
agent who offered property outside 01
this limited area was thought a dreamer.
As it has grown wiuiin tnat .ume, bo win
it grow and expand, only more rapidly
In the future, till residences of high class
will seek the hills or the East Bide of
the river. These statements may d
strong, but they areas I oeiieve.
F O. Northrup These recent pur
chases by local capitalists will help
In one way particularly, we nave mm
outside Investors say when proposl
.1 ,.?. Koti nut no to them: "Why
UllUB . w r -
do not your own people pick up these
bargainsr You sureiy muni.
wealthy men In your community who
know conditions and prospects better
than outsiders can know them." This
was a charge hard to meet, primarily
because it had an unpleasant fact to
disprove its reasonableness. For too
long a time local man of wealth failed
to see what this city possesses in the
way of first-class realty Investments,
and besides we have, unfortunately, a
class of rich men who have been con
tent to collect rents from disgrace
fully Inferior buildings without a
thought of what It means to have
the city held back In its progress
by the existence of these "shacks."
Now that our capitalists are waking
up to the opportunities offered here
In the way of profitable investment,
there will be holders of unimproved
sites found who will be willing to step
aside at least and allow more pro
gressive and public-spirited residents
to continue in the work of Improving
and beautifying our city. Another ob-
TIIE SUNDAY OREGOXIAX. PORTLAND. AUGUST 2, 1903.
SUCH AS THESE
rtacle that has stood In the way was
that owners of desirable sites in the
business districts in many Instances
held back until one or the other de
cided to sell. Jones wouldn't sell until
Brown did, and vice versa, creating a
deadlock. I now look for a good move
ment in the few remaining unim
proved Inside pieces. It will be re
called that for some time before
Charles Sweeny cams to Portland and
made extensive purchases of inside
property there had been a long period
of inactivity, which was broken then,
and for months after there was a bet
ter movement than for a long time
previously, directly traceable to Mr.
Sweeny's operations. We doubtless are
to have a repetition of that experi
ence, brought about by Mr. Wilcox's
operations.
D. E. Keasey Whatever may have
been the experience of other realty
men In the last few months. I must
Bay that the Heights people have had
no cause for complaint. I, with others
of that district, have been busy right
along, and there -is scarcely a day
passes that a deal is not reported,
either of a large or a small lot. I am
glad to notice improvement in the
market for inside realty for two rea
sons It means lmproveru "
. . ill i-S I i - teC2.7
II 1 II SI. U 1 I mil II. IHUIJ II. J .IHIIUH . -ISM1I - -
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:
ill'r f - - .W'!..-iif- . Z'. ;.:;. -.. - 4 Will
- : ' -
ARE SPRINGING UP
r HI
s sicS ojv.
city in the first place, and then, as
the business district grows, residents
now occupying houses in the older
parts of the city will gradually look
to the Heights or to the East Side for
future location of their residences.
Most people prefer to have their resi
dences removed from the vicinity of
warehouses and factories. Any one
possessing foresight realizes that bus
iness requirements will extend before
many more years into what are now
residence districts. '
Hartman & Thompson The real es
tate market was never so good at
this time of year as It Is right now.
It was better in July than any month
this year. There is really more busi
ness In platted property, .proportion
ally, than in Inside realty. A feature
that is noticeable in our bnglness that
Is very significant Is that purchasers
of lots with payments extending into
1910 are anticipating those payments,
and we estimate that at least 25 per
cent of these payments are being paid
up In advance of agreement. We sold
In July about $25,000 worth of indi
vidual lots, and this week closed a
deal for remaining part of eight blocks
30 lots having been sold Individually
I at a price slightly In excesa of
IN EVERY SECTION OF PORTLAND
, ,','IJII'I" IJI.'-
jl II) : II II 1 1 1. I l l I ll I. M.l I ig.
.njumu umimjiu wiijwiw.: ".'mi
. .... .'.IHv
: : 35
$50,000. This sale was made to San
Francisco operators, that have begun
business here, and will put this prop
erty up for sale. We have given an
option on the Thompson 156-acre ranch,
near Ldnnton, facing the river, and on
the line of the United Railways, for
$25,000. The general real estate mar
ket is firm, as no sales have been made
at less figures than have ruled for
the last few months: in fact, values
have advanced steadily, but to no
greater extent than is warranted by
tho growth of the city.
Jackson & Deering July and August,
the vacation season, are usually Inactive,
due to absence from the city of many of
our cltlxens on recreation bent. The pres
ent has been an exception to the rule,
mob-ln. tin' liAiial slow aeason a verv ac
tive one, which, in our opinion, is but the
forerunner of a very active Fall demand,
particularly as inquiries for business lo
cations and Investments Have been more
numerous recently that lor some time pre
viously. Not only our leading citizens,
but men of means from the outside are
coming to know the true value of Port
land's situation and opportunities and the
several large sales of recent date will
undoubtedly have a tendency to broaden
views and bring all classes not only to a
bette understanding of values, but to a
.-"UJ LirL; . 1 El
'i TV
-X. c vj, se. v. v n . . a,.
4 C J.
1
nnrtlrloa.te in Durchases. Vfe
do not believe that prospects for the gen
nmi fntiirA of the citv were ever bright
er than at the present time, and If active
inauiry is any criterion, there are many
others of the same opinion.
Edward J. Daly While July and August
are always the dullest months In the real
estate market, recent developments show
the confidence of leading capitalists in
Portland realty. While many people
think property values are high, they ore
very much mistaken, as a comparison
orith other Coast cities will show. I was
in Snnkane over a year ago, when a cor
ner on Riverside avenue, with a two-story
hrick. sold for over -wuu a rrom 1001.
tm In a. citv with one-third the popu
latlon of Portland. Property on Second
fifattle. was considered "worth
JS000 ner front foot The lot
in Question had a two-story building on
i. x..rnAtv aninirhAT-. in xnv estimation
Is worth what Income it will bring good
interest on properly improved, ana rori.
io nmnnrtv will, at resent prices,
bring good income on the present valu
ations, besides the increase In grouna
values, which are sure to come as popu
lation increases. Many people, who have
Idle money in the banks and safe de
posit vaults are bound to loosen up and
buy real estate, as Portland's great fu
ture u an absolute certainty. The recent
heavy buys were made by careful, prudent
men, who have exceptional anowieage 01
values, and their example will be fol
lowed by many. In the wholesale trade
and manufacturing line many are now
doing business in inadequate quarters,
and they have to enlarge. I have appli
cations from several large firms who
need larger buildings, and know of many
more. With the advent of the North
Bank road Into Portland within a few
weeks and the Influence of the trolley
lines which are now tapping the richest
part of . the state and opening up new
territory, capitalists coming from the East
with plenty of capital and unbounded
confidence In the resources of Oregon, I
think the future of Portland realty very
bright.
Good Koads for Skamania. -
CARSON-, Wash., Aug. 1. (Special.) A
good roads association was recently or
ganized at Stevenson, and there is strong
sentiment in favor of bonding the county
for the Improvement of ItB roads.
TOPIC OF
rAmong the home-builders in Portland, nearly
every one knows certainly all home-builders do
-that The M. J. Walsh Co.'s stock of lighting fix
tures, electrical and gas supplies, tiling, grates
and andirons, is unequaled in the Northwest.
Electrical, gas and tiling work of all kinds prompt
ly attended, to. Salesrooms, 311 Stark, between
Fifth and Sixth, or ring up on either phone.
PACIFIC IRON WORKS
0, E. Heintz, Manager. 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.
lVzzlVa to 8x84nch Angles
East End Burnsdde-Street Bridge. Portland, Oregon.
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 B2151, East 591. H. T. DREITNEN
JULY. LEADS II PERMITS
MOXTH MAKES KECORU FOB !
PRESENT TEAR.
Elgnt Structures Started to Cost 1
Over $400,000, Though Moder
ately Priced Dwellings Lead.
Anal. r.9 hntMln nnrfl.tlonfl for thS)
. 0 '
month of July present some Interesting
as well as unusual re at urea, in mo m
place, the totalsTjoth in number of Items
and valuations reported to the Building
Inspector exceed those of the month In
previous years. The record this year is
458 permits issued, carrying valuations
estimated at l,038,36O; July. 1307, number
873, with valuations of 760,671; July, 190S,
number, Z7U, with valuations or n
The totals for the year to date ere 2361
permits, valuations, $5,690,945.
In July permits were taaen out jot
eight new buildings, or for portions of
buildings, involving expenditure ol
amounts over $10,000. These are as fol
lows: Orandstand. Country Club A 34.000
Good Samaritan Hospital ...... . 0.000
li..m.lln .pji.l unr-a . 11.000
Rosenblatt Hotel .
T M. C. A. i.w"
Star Brewing Co.. lodgings......... 3-O0O
Parlin & Orendorff
Smith & Watson 2j,000
inor rnnalrs and buildings to cost under
1600 there were 165 permits Issued.
To coat from $500 to $lf0O .... 42
To cost from 1K10 to S2000 K3
TO cost from 2000 to :00 -
To cost from $3000 to J4000. S
To coat from $4000 to $5000 11
To coat from $5O0O to 10.000 9
To coat over $10.000
Repairs, etc - .165
Total
SMAMj FAItM PliAX PROPOSED
Realty Board to Discuss Whitney It. ;
Boise's Suggestion.
At a meeting of a special committee!
appointed by the president of thei
Realty Board to consider the plan for
securing farm lands in tne vicinity ot
Portland and subdividing them into
flu. o tan-ant-A trafttn. it was decided i
to bring the matter up Tuesday night I
at the meeting of the Keaity soara.
This meeting is to be held In the as-j
sembly room of the Commercial Club,j
at which time the plan outlined some;
weeks ago by Whitney U Boise will;
be gone over and an effort made to
have members of the Realty Board
subscribe to the stock in the proposed
company.
NEW DISTRICT IS FORMED1
Residents on Kecanlcum Iet
tract for Schoolhouse.
Con-
BEASIDB. Or., Aug. L (Special.) Tho j
residents of the Necandcum from the1
Burke place to the Humbug have organ-!
ized a school district and have let thej
contract for building a schoolhouse tOj
T. A. Davis, for the sum of $S82. Here
tofore the district extended to and in
cluded all of the residents along the
North Nehalem, a good schoolhouse be-'
lng located on that stream. 1
People living on the Necanloum could
not send their children to that school:
on account of the distance, and until,
this Spring did not have a sufficient;
number of pupils to organise a dlstriot
of their own. During the past year!
John Clark and several other famlllftS
settled on the Necanicum above Charlea'
Johnson's place, adding enough children;
to the population to enable them to call;
for a new district and to put up a school-1
house. -
Max Bendix Settles In Seattle
Musical Leader and Conoert Goer.
The Choral Symphony Society, ot'
Seattle, Wash., has Just perfected ar-!
rangements whereby It will enter thej
field of orchestral endeavor ror me sea
son of 1908 and 1909, with Max Bendix
as director of the symphony orchestra.
Just Wliata Woman Wants
Tint Your Rooms 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.
DISCUSSION
, demand lor lots.