THE SUNDAY UKEGOyiAX, PORTLAMD, AUGUST 9, 1908.
8
popti AND KNTslBUILD HANDSOME HOMES IN BEAlHIFyLSlJ
CITY INVESTMENT
Capitalists Look With Much
Favor on Portland Real
Estate.
MARKET TAKES NEW LIFE
9
5 v
MONEY GOES
INTO
V
-V H
y , Fell!
- f II II H F
t.- -fi I
Eastern Visitor Amared at Number
and Character of New Orrice
Buildings Erected In
Lst Few Years.
Apart from appearance. Improvements
presently to tie made on inside sites,
that for vears were the despair of resi
dents of the city when showing visitors
around, will produce direct commercial
effects that will be most pronounced.
In the week Just ended there were
several notable instances of deals made
that can be traced to the Influence of
recent large transaction made by local
capitalists. The fact that Portland real
ty was regarded as offering a better in
ducement than other forms of 'nyes
ment to men of wealth who had lived
h-re for years and knew the situation
thoroughly, had an effect on the more
timorous and less well Informed that
has been In evidence every day since
those big deals were announced.
There Is hardly a real estate man in
Portland who has not felt the benefit of
the unusual braclng-up of the market
in midsummer, and In casting about for
a reason. It Is found that dealers to a
man believe the recent transactions are
responsible for the excellent tone In evi
dence, not only among dealers In Inside
holdings, but in outside lands as well.
Invest in City Ixt.
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Cases have come to the surface of men
earning large sums of cash who have
k..ki tr,M lots with '.r.tentlon
to build business houses or who have
bought improved property at d tin
prices It Is simply a matter of receiving
a higher rate of Interest on the invest
ment than is to be found In any other
form of investment.
Those who take the trouble to Investi
gate no longer doubt the assertion, made
time and again, that the value of realty
In Portland Is below that ruling in cities
of Its relative slxe and importance. In
a recent issue of the Los Angeles Times
appeared the following:
Thorn.. Huhe. is reported to
to J T Torran-. of the Union Oil Com
pany, a' lot Oxl89 feet on the -west side of
f,,iy between Seventh and Elgntn
fta for l0.noo The consideration I.
Vt the rite of tsoon a front foot and the
property is practically unimproved. This
m.y be taken a. a fair valuation of real
estate in that section.
When an inside lot on the- principal
street of Los Angeles sells for $3000 a
front foot, whereas a corner lot on
Washington street. Portland. Is valued
at little more, there is furnished food
for thought. In figuring relative values
It should be borne In mind that lots "ere
are 60 feet, with 100 feet depth, while In
the Southern city the lots re 60 fee.
front and 150 feet deep. There are no data
at hand to indicate what percentage In
vestments In this class of property, im
proved. In Is Angeles brings to the
owner, but in this city, on present valua
tions, from 7 to 9 per cent is expected
and Is realized.
One of the best features of the present
movement in building up "Greater Port
land" Is the marked Increase in the num
ber of manufacturing plants. Since the
first of the year the Union Meat Com
pany and the Schwarischlld & Sulzber
ger packing plants have figured in new
enterprises, and the structures of the
Carman Manufacturing Lompan,.
Company. Parlln & Orendorff. Star Drill
Machinery Company. Oliver Chilled Plow
Company. Smith & Watson extension.
W. G. MacPherson & Co., and several
others of like importance, either in new
buildings or enlargements of former
quarters, show how manufacturing is In
creasing in Portland and how concerns
already established here find it necessary
to add to their capacity by reason of
heavier demands for their products.
Workmen Home-Owners.
Every additional skilled mechanic find
ing employment In Portland means an
additional dwelUng place, for the largo
majority of this class of useful citizens
are married men. This accretion to the
population of the city partly accounts
lor the remarkable number of new
houses that are going up and which ara
occupied as rapidly as finished.
One of the recent visitors in Portland
was an Eastern man who lived here sev
eral years ago and who had not returned
until last week. He said, after being
shown over the city, that while he had
kept in pretty close touch with affairs
here since his departure, he was simply
amazed at the character of new bulld
i - in his absence.
f.r.. ,rmiA here." he remarked, "do
not seem to realize what a great city Is
grow ing around you. But the thing that
strikes me most forcibly is the attract
iveness of the big buildings that have
gone up since I waa last here. The
Wells-Fargo. Corbett. Couch. Rotnchlld.
r ..m.i -iuh. Medical. Masonic.
Beck. Mason-Ehrman. Nortonia. Alex-
m nthera I cannot now recall im
pressed me as buildings that would do
credit to any city in the country. I
aa that the Board of Trade
building is one of the handsomest busi
ness blocks I ever saw and I was par
i.i,, iT,.-..rd in examining it criti
cally, for it Is the largest concrete build
ing I have seen. The exterior is aooui
as artistic, I believe, as a business struc
ture can be made. I congraiuimo up
land on these evidences of prosperity
seen on every hand."
One of tho signs of the times that Is
attracting attention is the number of
high-class residences going up along the
foothills" and on up the Heights to the
westward. Few residences of the first
order are being started in the older parts
of the city. Instead, all along the
Heights are to be found dwellings In
course of erection that will add much
to the attractiveness of that favored dis
trict of the city. Certain districts of the
East Side also are being chosen by the
rich for building sites. A recent pur
chase, for instance, was made of the
lots adjoining the residence of W. J.
Clemens, on which the new owner. F. N.
Gilbert, is to build a residence to cost
between $10,000 and J15.000. The ground
Is 100x150 and was bought from Mr.
Clemens for about JT500.
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ACGCST MAKES GOOU START
Building Permits Issued to Date
Amount to Over $150,000.
August building permits promise to
come pretty well up to the record made
In July. Judging by the start made ln
the first seven days of the month, me
total at the close of business hours yes
terday Included 100 items with i 51 385
in valuations. One permit was of .5.000.
issued to the Carman Manufacturing
Company. Plans aad specifications of
1A atnrtf
the Meier-Frank company a '
building are In the hands of the Building
Inspector, and permit win db bmu -few
days for at least a portion of the new
structure. Several other buildings to
cost large amounts are to be started this
month, which will sweu tne wuu ivi
month to good-sized proportions.
As an lndloatlon of tne cnaracior u.
new buildings for which permits have
been Issued this month up to date, the
following show those of J1000 and over:
August Rlckson. two-atory owemns.
Repairs on McKay building. Third
street ;,; V.'.'
Mrs. Hansen, twotory dwelling, lit.
Tabor Villa '
C M. Yeat. one and a half-story
dwelling, Amherst street ...........
B. T. All yn. one and a half -story
dwelling. Sunnysids v;.
John Danlelson. one-story dwelling.
Portland boulevard z.7is
J. U Carman, slx-atory warehouse.
Upshur mreet V L"J.'-11- '
J. W. Applagate, one-story brick store.
Sixth street W" 1,uw
Amoe Berg, two-story dwelling, Colum-
bla Helghta y.V.'l'
Janet C. Boggs. one-atory dwelling,
Maegly Highland 1;";
Bolllster, two-atory omuui -Addition
. ViM'IT'tV-
A. V. Combs, ooa-atory dwelling, Ina
Park
Herman Heltkemper. two-tory cweu-
Ing. Corbett street ,,0o
Herman Heltkemper,
Ing. Corbett street
T. T. Braden. one-etory
Bratnard Addition
Pai-lflo Paper Company, excavation.
Fourth and Ankeny .-
Adam Obermlller, two-erory
Lincoln Park T" 1
J M Haller. two-story dwelling, J. w
Irving Addition 8-0ro
L. Schmidt, two-story dwelling.
Halsey street -0o
. i r ., n-njtnnr dwelling.
Anderson Addition '90
W G. Neaie. two-story dwelling.
Piedmont 8,00
V-. O. Mllligan. one-story dwelling.
Rosemont Annex i"
Methodist Churca. two-story
Norwood ".,;"
F. D. Lawrence, two-story dwelling.
A-PGerM" twcst'irV'dWe'lling: "Colonial
H.HHf F?ow'er." "twoetory dwelling, irv-
Ada L. Simpson, two-story flats.
Northrup street
John Horn, two-story dwelling.
Ton Aoniuon
j. mcB. ' ...... w-i
nr m nnrmnnrs. one ana a nail-
itorr dwelling. Terminal Addition
F. H. Kearney, two-story
North Alblna
J. R. McCiuire. one-story awemng,
M. C. Mace, two-story dwelling. tes
Irvlngton . . . . . "J ' " 'lilna.
j. r. njuii. - - irs.
South Portland
Van Armatage. two-story nweiim..
Port Homea.and Vl'vViV"
George A. Sullivan, one and a hair
story dwelling. Hutchinson Addition
J. Margulls. one-atory dwelling. Green a
BIG SALE ON FIFTH
Half of "Dexter" Site Brings
$70,000.
Across Ankeny street the Pacific Paper
nnv htilldlncr is to occupy some-
t thing over a quarter block, preparation
! for the foundations being under way
now.
END NOW LI
VANCOUVER BANKER BUYS
one-story dwell-
dwelltng.
Bon
Sell wood
a half-tddition..
dwelling.
l.SOO
100
1.000
l.SOO
2,000
2.100
8.400
4.000
2,800
10,000
S.000
1.8U0
1.800
1,800
4.500
2,000
2.000
Presbyterian Church, Holladay Addition
B. o. iase. iwoiorj ijoi., . .
2.000
1.30O
1.600
1,500
A. Schwelier. two-story dwelling,
East Seventeenth street
cc.-p Ana.RlnrV dwelllnK.
Brush's Addition - 1.000
Falling estate, four-story. Third and
Washington, repairs Aim
C' C. Adams, one-story dwelling,
'jonesmore - - Z'000
tV'. H. Hosmer. two-story nweiiini, -borsifie
.
3dr. E. L. Smith, one-story dwelling.
p-'a.t Portland Hslahts ... ....
1,500
1.400
Bnelnesa Bnllding of Perhaps Si
Stories to Be Erected at Once
in District That Is Rap
idly Filling Vp-
One-hart of the practically hall jbtook
rm A n Ken y siroci u""o
t?Fi"Jk streets, was bought ye-terday
n...fnrii nresldent of tne
Vancouver National Bank. The nego
tiations were conaucieo. "
Mercantlle Investment compauy.
former owner, ana Air. -'"""ivl" r'--S.
Stock, representing Humason & Jetr-
V. 1. nart of the site on
which the Dexter stables stood prior
to the fire that nesiroyea . -
iY.t. . in .-fnlv. The piece se-
11 oilmen . j ----- - ,,. v.
cured by Mr. Crawford fronts on Fifth
Street and adjoins the building of the
roT..hnii-TVlls Company. The consia-
ia 97A .inn
rr-u. i hrj. 70 feet on Fifth street
and is 100 feet deep along the south
v.., nn the Ankeny street
line, as the quarter block is Irregularly
shaped, being 125 feet on Fourth street.
The east end of the piece was reported
sold some days ago by W. B. Strecter
at $65,000. which nets the Investment
Company a profit of $10,000 for the few
. u htLve held the property.
Humason & Jeffery said yesterday
that it is the intention of the new own
er to begin the erection of a business
structure on the sit at once, the con
crete foundations to be heavy enough
to carry a six-story building, though
ni arrangements provide for a
three-story building. This arrangement
is subject to change in case a tenant
appears that would want the higher
It is seml-officlally announced that a
good-sized building is to be erected on
the Fourth street front in the near fu
to h occunied by a Portland
.i.niDaU house.
.Tm hnlliiinara are going up around
this district of the city at an amazing
rate and by the end of the year no less
than six new business buildings of
from four to eight stories will have
I been erected within a radius of two
t.wir. of the location referred to.
ARGUES FOR PRESENT 6ITE
Thomas Hislop Would Have Bridge
in Old location.
Thomas Hislop. an East Side property
. .. ...x u c-n faa thine: to
owner, believes mm n
do is to use the $450,000 bond issue for
the rebuilding of Madison bridge, and
not at present undertake to call for a
larger bond issue, or cimiiB
present location. - . .
Several plans have been proposed. A .
Van Hoomlssen would build a bridge sev
ers" blocks south and on higher ground.
Some favor changing to Hawthorne ave
nue and Jefferson street- ans.2
also been prepared ior a
at the present location, costing from
$500,000 to $1,250,000.
Mr. Hislop. who assisted as a member
of the committee in getting the $4o0.000
bond issue submitted to a vote, sa"S;
While the location ot we h r&
son bridge ougni to
to Hawthorne avenue e-nu Vit
street, so the draw would be at right
angles with the current of the river, yet
it waa not done, and we now have the
appropriation. When the act wa framed
X tried to have it so framed that the new
bridge might be built eitner "
or Jefferson, but others on the comm t
tee thought If that was done li would
antagonize property-owners on the v est
Side, and it was not so m..
it stands we must either build on the
present location or get a new bond issue.
With the 4ou,uuu we ".i
the water line, and tne" can P50p!
more money for an approach on thef East
Side that will be above the tracks of
the Southern Pacific and O. R.
do not believe we ought to dui a uwy.
with steep approaches on either side.
Any one can see wnat. uavv- --
Trr. QMa onnrnach to the Burn-
u k,i whnrn horses are strained
"J , Je n nn the bridge with
every nuui 6C""'o . j
inn We went to avoid
"And anyone can see that the erection
v-i the location selected by Mr.
Van Hoomlssen is out of the question
v.,,oo r.r the are at cost of the
i.cie th condemnation of prop
UliUfiO i ..J ..... , - . .
erty to get to the river, and third, the
b.t fsinn landing is not on a general
.i kf.A Hawthorne avenue is
wide street. It reaches Into the interior
and connects with all county roads. It
is to be paved to the Green place. East
Mill, where the new landing is placed,
only runs to East Twelfth street. It
would not be safe to ask the taxpayers
for enough bonds to build a bridge as
tt. TTnntnissen suggests. The saf-
est thing would be to take the $450 000
bonds and build on the present location.
t am enrnr iced at the action of the
Brooklyn Improvement Club in indorsing
a new location in face oi au uneaa
ficultles." ,
SEVERAL TRANSFERS IX DEPOT
DISTRICT.
Investors Believe Streets Leading
Uptown Are Soon to Bo
Transformed.
Since the fire that swept off the small
buildings on the Kiernan block. Fifth and
Hoyt, there has developed an active move
ment in really in surrounding blocks, for
the reason primarily that a good class of
new buildings is expected to rise on mo
district. This improvement.
Investors believe, will cause a rapid rise
in valuations in that part of the city, ana
h.M u la flmired out that streets ex
tending from the depot to the present busi
ness district must come into more general
use as retell streets which will cause a
much better class of buildings to be erect
ed than tho small frames mat now
so much of that territory.
The lot at the southwest corner of Sixth
and Hoyt streets has been purchased by
James F. Moore, or xn worm,
for $30,000. The former owners were xi. m.
li... ,4 r t. nii'pn The rjroD-
Oillliai-I LMll B..1U v. .- - - -
erty. Is diagonally opposite the burned
district ana frame Duiiaings 0.....
upon it Mr. Moore says he intends to
erect a modern building when he returns.
He has not yet decided upon the character
of building, but says ne is bhi.ibi.icu m m
the property remain as it Is for a short
mb fr hrln era n 1TT1 n Iirr ukiil i 1.1 vc icot
L.1 1 1 ITS QO 4. -Mwaae ------ m
net at present. The GUlette-Riggs Lnd
Company negotlatea tne saie.
11. vrnnu haa htvn 1n Portland about
two weeks, and goes from here to Los
a -1- trio fam v ftccomDanv mm. no
said yesterday that he came West for a
Kin.a trin tn ma the country. After
stopping off at Denver and the Tellow-
... d.u hA TnnK snm tor AitKuwi
reaching the Coast. He came to Portland
s a .... 1 - vr urnji so favorably lm-
lilMU ta.viu. - -" -
pressed with Portland's prospects that he
determined to man lovesimonui uom
selected the property described as a start
In that direction.
. v, - ..I. win neerotlated bv Seng-
stake & Lyman of . lot on Sixth street
north of Irving, being described as lot 4.
block Y, in Couch Addition. E. H. James
was the former owner but for business
reasons the purchaser does not desire
that his name be announced for the pres
ent The lot has some Indifferent im-
...i,ih will he renlaced with
better class buildings to be rented for
stores. The consideration Is $20,000.
One of the most signincani ir"""
a. ...t half hlnck on North
was mat vi li.'j . .- ......
Seventh street between Glisan and Hojt
formerly ownea Dy n. . .
H R- Burke. The purchaser is a local
capitalist who paid $65,000 for the prop
erty His name is withheld, which would
suggest that other deals may be pend
ing by the agents in the same locality.
Record of High School Lots.
twh wb recorded last week for one
portion of the block recently secured
by the School Board for a site for a
new High scnooi. mo
lots 1. 4. B. S. heing the -Rt half of
Just Whata 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.
block 167, Couch Addition, snd Is from
Henry E. Jones to School District No.
1, the consideration being $50.000.
FLEE FROM CONSTANTINE
Continued Earthquake Shocks Ter
rorize People or Algerian City.
CONSTANTINE, Algiers, Aug. 8.
The people of Constantine are still
in a state of terror from the earth
quake shocks of a few days ago, fear
ing a repetition, and there is in con
sequence a steady exodus to the coun
try. A new shock was felt last night
and caused a renewal of the panic.
Several buildings dammed by the pre
vious shock were shaken down. The
falling of a ceiling in the house of a
European veBident Injured several chil
dren. Two or three slight shocks were
felt this mornlner.
Builders' Information
We have made a life-time study of the ' lisrhtingr and
fixture business, so are bettor qualified to do this
work for you than most firms. Wo find now a
number of people very much disappointed on ac
count of the lighting effect in their houses which
was all caused by poor or little" knowledge of the
bUWeeSflfe certain we can ho of assistance
in solving the lighting question. Before placlns
order see
M. J. WALSH CO.
Electric and Gas Work In All Its '"rc','"r0mpt"
ly Attended to. Ring on Either Phone.
311 STARK. BET. FIFTH AND SIXTH.
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 Channels.
1 7 X. 1 o
East End Burnside-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 59L ."" H. T. DRENNEN