The Sunday Oregonian. (Portland, Ore.) 1881-current, October 11, 1908, SECTION THREE, Page 8, Image 32

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    DULL MARKET IS
IT BORNE OUT
Records and Sales Keep Well
Up to Past Months'
Average.
DISCUSS NORTH END MOVE
Crnade May Revolt In Readjust
ment of Rental Values, but Dis
trict Eventually Will Purify
Itself Acreage Wanted.
One of the leading realty men of
Portland In referring to apparent
quietness in the market for the past
week remarked that It l characteristic
of the Amerlian people to accept ex
planation of conditions with little real
foundation. Continuing he said:
Somebody started a report that the
realty market would be dull until after
the Presidential election, and forthwith
all who happened to have a dull day
or two ascribed It to that cause. Sow.
to my mind there Is no excuse for such
a belief, and for two sufTlclint reasons.
In the first place, the Inference Is that
buyers fear the election of Bryan and
that lower values' would follow that
event. I can see hardly a posslblity
of Mr. Hryan's election. In the next
place, even if he were to be elected. I
think no one would be so Ignorant as
to say the next Congress can be Kemo
cratlc. What possible change In values
oiild be effected by an executive of
one party If the legislative body is
composed of his opponents?
"The fact of the matter Is. there is
no dullness In the Portland realty
market that Is not customary at this
season of the year, election or no elec
tion. A reference to the dally record
of transfers shows that the County
Clerks office has handled In the last
week as many deeds for record as Is
usual to the season, and. In fact, the
number of Instruments tiled is srreater
than in the same period last year."
Realty- Transfers Keep Vp.
The record to which reference is
made Is proved by an examination, for
in five davs of the past week there
were 23 deeds filed for record, with
a dally average In amounts filed of.
SM.OOO. Nearly BO transfers a day is
about the average for the past few
months, which conclusively disproves
the assertion that "times are dull.
In certain quarters the criticism is
made that the presence of the tracks
of the Southern Pacific on Fourth
treet Is responsible for holding back
building operations on that street,
Without prejudice, this matter waa in
quired Into yesterday. P. a Stearns Is
a dealer of years' standing. He was
asked what he thought of the effect
on building on that street by reason
of the tracks. He said:
I do not care to say that railroad
tracks on Fourth streeet are desirable,
bv anv means, but when It conies to
asserting that building has been kept
back on that account, my answer Is to
direct attention to what has been done
In recent years. Beginning at Wash
ington street, there are the Rothschild.
Couch. Hoard of Trade. Henry (start
ed. Pacific Taper and several other
new structures built recently or are in
process of construction. I know of
none of the other buildings, such as
the Chamber of Commerce, that seem
to have gone back on account of the
railroad tracks, so that there must be
another reason than the stoppage of
building to account for the opposition
to the tracks. One of the principal ob
jections Is the noise and smoke, for if
a streetcar line took the place of the
steam line, everybody knows the street
would be occupied by cars to a much
greater extent than now."
Kffcvt of "Moral Crusade."
Some difference of opinion exists
among realty men as to the outcome
of the "moral crusade" in the North
Kurt respecting values. It is claimed
by some owners of ground In that lo
cality that if disreputable houses, sa
loons, daneehouses and like uses, to
which manv of the houses in the so
called red-light district are now put.
are forced to set out. there will be of
necessity a readjustment of ground
values, for the reason that these ten
ants pay a higher rental than is to be
obtained from other tenants. Others,
favorable to a wholesale removal of
the denizens of the district, say that
even before the present crusade be
gan reputable business was making
steady and certain Inroads on the dis
trict. "and that In the course of a few
months It would purify itself.
That values would fall if the whole
district of undesirables was with one
fell swoop, made tenantless. Is believed
by owners of ground occupied by that
class of tenants, but others who own
ground In the locality, not so occupied,
advocate a complete riddance. E. W.
Wemme said a short time ago that he
had an offer from a Seattle firm to
lease one of his corners in the tender
loin, with a modern building thereon,
at a good rate. When a representative
of the firm came to Portland and
found that the corner under considera
tion faced a disreputable quarter, he
reported against the lease and Mr.
Wemme abandoned the idea of putting
up a big business building until the
character of the locality changed.
"earby Acreage Wanted.
In several offices virlted last week
It was reported that an unusual de
mand for acreage I- the vicinity of
Portland had continued for several
weeks past. Inquiry was made for
small pieces ranging from a few acres
upward. It Has said that these In
quiries came from two widely separat
ed sources! Investors who figure on a
good advance In values In the coming
few months and from men of moderate
means who want to secure little
patches of ground on which they may
build, and l ave some ground to culti
vate for their own use.
One prominent realty man who has
for years paid particular attention to
the handling of city property said yes
terday that next year he Intended to
go extensively Into the handling of
suburban acreage, and for two reasons,
one is that he believes dealing In that
kind of realty Is more certain to bring
In a regular revenue, and another is
that he had grown tired of depending
on the uncertainties attending inter
mittent sales Inside. "If a man could
be sure." said he, "of making three
or four big deals In the course of a
few months, the commissions would
be satisfactory as a business. No man.
however, is certain to get these
chances, so I ha e made up my mind
to so into something that may not In
Individual deals pay much, but with a
continued line of trade wlU at the end
of a year be found to pay handsome
ly." Said he:
"For some months I have closely
rbferved the records of sales and find
TYPICAL HOUSES ON ONE EAST SIDE STREET
. tit ' 1 J- ?, ' U.J'-""LJ- j'V'-' I
. . .. - i . i -v : ; ' . - . ' 'mmms&M,9' 1
, ; . . .-. - M ! - v j
i-j ,w va nrr -. -
1 1 C f ' ""J-i- - - v !
; -" ,
Vv - ;.-V t
- - s - . w .v .-..
.xv ' - - "
that the sellers of lots and tracts In
the suburbs clearly have had the best
of us who spent our time trying to
handle only Inside property."
New Sections Opened.
From what can be learned, there Is
a growing demand for these little
tracts situated along the lines of the
newly-opened lines of traffic, as well
aa along the older lines. The Salem
electric line, especially since the ex
tensions Into new territory: the South
ern Pacific: the O. R. N.; the P. R.
L. 4 p.; the projected Mount Hood:
the projected United line down the
river, and the opening of the North
Bank road, all contribute to bring Into
the market desirable tracts within
short distances of the city that are at
tracting increasing attention.
The general tone of the market Is
steady. No particular locality of the
city shows retrogression as to values,
while recent sales announced indicate
that values are showing an upward
tendency. The sale of a quarter block
up Washington street, referred to
elsewhere, shows the strength of
prices In that part of town, and this
strength is not confined to that par
ticular district.
Candy Factory for East Side.
rians are being drawn for a two-story
brick. 60x100. to be erected on East Sixth
street, between East rvavls and Couch
street, by Lewis Lewis, to be used
aa a candy factory. The building will
be put up in the Spring. The cost will be
about IIS.000.
German Steamers Collide.
HAMBURG. Oct. 10. The German
steamers Pretoria and Nippon have been
In collision in the fog off SchevenlngM.
Thirteen of the Nipponi's crew, includ
ing the captain, were drowned. The
Pretoria was not damaged. The Pre
toria belongs to the Hamburg-American
Line, and left New York, September 26,
for Hamburg.
Blaze Does $50,000 Damage.
JACKSON. Miss.. Oct. 10. Fire early
today destroyed the Ben Hart corner at
Vale and Pacacola streets. Five adjoin
ing buildings, the property of Mrs. George
Carlyle. of Dallas, Tex., were gutted.
Loss f0,OM, partially covered by insurance.
TALKS DF BRIDGE PROBLEM
CIVIL ENGINEER SOCXDS NOTE
OF WARNING.
Three Structures Over Willamette
Pronounced to Be Carrying Ex
cess Tonnage ProTlded For.
That both Burnslde and Morrison
bridges are being overloaded by the
growing traffic is the opinion ex
pressed by Harry Stutsman, an engi
neer, who has given the matter consid
eration. He says that the Burnside
bridge was built to carry 500 pounds to
the square fr-ot. but that at present It
Is carrying loads constantly that ag
gregate 1500 pounds a square foot.
Travel over the Burnside bridge Is
very heavy at times. On Morrison
bridge the congestion Is not yet quite
so great, but it Is growing. This engi
neer made the remark In the way of
warning:
"Portland Is already In a serious con
dition so far as bridges across the Wil
lamette River are concerned. We may
have to go back to ferries. The Madi
son bridge is worn out and may go
down before it can be replaced. Burn
side bridge is carrying three times the
traffic it was built to carry and the
Morrison bricge'ls already being heav
ily loaded. . The railroad bridge Is
nearly gone, and yet carries heavy
loads every day. I am informed that
as high as six seta of plans for a new
one to replace the railroad bridge have
been drawn, and that there is a chance
that it may not have a double deck for
the public
"It would be the part of wisdom for
the push clubs to keep close watch on
the movemert to rebuild the railroad
bridge, for an attempt may be made to
cut out the double deck. It Is well
known that the Harrlman companies
would prefer to cut out the double
deck and may do It- With a great in
crease of population on the East Side
and with the tremendous traffic over
all the bridges, practically at all times
of the day. it can be seen that the city
mill soon face the problem of increas
ing the facilities of crossing the river,
either by means of more bridges or by
subways.
"Anyone who will take the trouble to
watch the Morrison and Burnside
bridges during the busy times of the
day will fret some idea of the tremen
dous traffij those structures now
carry."
CLEARING SUBURBAN LAND
Vicinity of Cleone Soon to Come
Into Market.
More than 100 acres of brush land la
being cleared near Cleone on the O. R.
& N. railroad by the different owners.
Mr. Fisher Is clearing 40 acres, and has
a large-gang of men at work. He will
engage largely in the cultivation of wal
nuts. There is another 20-acre tract
nearby which Is being cleared by Jap
anese laborers, besides any number ' of
smaller tracts ranging from ten acres
upward. These tracts were bought the
early part of the year at a comparatively
low price, but the present owners would
not sell for double what they paid.
There is a report that a sale has been
made of a 75-acre tract on the Reams
road, southeast of Lookout Mountain, to
Portland and Spokane men, and the price
mentioned ranges as high as $50,000, but
the sale has been kept quiet.
Within a year practically all the land
between Montavllla and Rock wood will
be cleared and placed under cultivation.
Most of it has passed into the hands of
new owners the past year and a half,
who And their Investment promising.
Nob Hill Property Sold.
The seven-room house and lot located
on the west side of Twenty-first street,
between Gllsan and Hoyt streets, form
erly owned by J. Marks, has been sold
to Charles M. Meredith for $4600. The
five-room residence of Mrs. L. Dougherty,
located on the south side of Lovejoy
between Twenty-second and Twenty-third
streets, has been sold to W. A. Bobbins,
for $4300. These sales were made by Mar
tin J. Hlgley.
A pamphlet recently Issued by Andrew
south of the Zambesi. There are 3X differ
south o fthe Zambesi. There are 31 differ
ent missionary orKaniza.tlons at work, ad
ministering to over 1O.O00.0OO people. The
student volunteer movement in South Africa
has put S4 younc missionaries la the "ud
since
on't Wait, Come Out Today
AND SEE THESE BEAUTIFUL
ACRE TRACTS
If you could only realize just what we are offering, you would not hesitate.
Investigate NOW, get in on the ground floor and take advantage of the increase,
as these ACRES are selling very rapidly, at exceptionally low prices.
Should you be looking for an investment or an iaeai ana neaiuum sumuuan
home site,
METZGER ACRE TRACTS
Afford vou both, and many other advantages which cannot be appreciated until
vou have made METZER ACRES a visit. Here you will find the most produc
tive soil to be had, which will yield a bountiful crop of fruits, berries, garden
truck, walnuts, etc. One or more of these ACRES properly tilled would make
vou independent for life. You can make your own selection, as we have im
proved, partially improved and unimproved land. On some acres you will find
some of the choicest timber in the state. Think of it only a 30-minute ride
from the heart of Portland, the most beautiful city in the world. On the Salem
Electric Line.
$200 AN ACRE AND UP,
ACCORDING TO LOCATION
TERMS 10 per cent cash and 3 per cent of the purchase price per month.
INTEREST 6 per cent per annum on deferred payments.
ON CASH PAYMENTS a discount will be allowed.
For particulars and beautiful descriptive plat call at our Portland office, 226
228 Front street, or at Metzger Station. All cars stop at Metzger's.
HERMAN METZGER, OWNER
Office Phones Main 474, A 1374. Agents and Phones at Station Main 6409.
E SET
TWELFTH A XT) WASHINGTON
BRINGS $135,000.
Scott Brook Buys Quarter Block
With Intention of Erecting: Mod
ern Business Structure.
One of the most important deala in
Inside property consummated for sev
eral weeks -was that of the southwest
corner of Twelfth and Washington
streets. Just announced. The sale was
of 100x100 feet,, on which a frame
building now stands, devoted to stores
and rooms, though the building counts
but slightly in the purchase. The fig
ure announced Is 135,000, which is in
excess of sales recently made In that
vicinity.
Among realty dealers who are con
versant with the trend of affairs in the
extension of the business requirements
of Portland it is said that poorly Im
proved holdings In upper Washington
street must of necessity give way to
make room for more substantial build
ings that will return a revenue com
mensurate with the value of the
ground.
Frank Klernan, associated with Mr.
Brooke, says that the intention is to
Improve with a modern structure,
probably to start in the coming Spring.
Just what character of building is to
be erected is not definitely announced
at present. The former owner of the
corner is Mrs. Rachel Morris.
Among Mr. Brooke's holdings in
Portland is the Lumber Exchange
building, at the corner of Second and
Stark, which some months ago was
reported as having been sold by hlan.
This report was found to be without
any foundation whatever, the owner
saying in reply to an Inquiry that the
Investment was satisfactory In every
particular and that he had not the
slightest Intention of parting with the
property.
He Is also interested with the estate
of Henry W. Goode in the corner of
Fourth and Yamhill, formerly occupied
by Wells-Fargo Express Company.
DENIES JOCKEY'S CHARGE
Belmont Says He Bid Not Assault
J. H. Freit.
NEW YORK, Oct. 10. That August
Belmont shook him by the collar and
called him "a d d little Jackass" be
cause he failed to tip his hat to the
financier horseman by whom he was em
ployed as a stable boy was the statement
made yesterday by John H. Frelt, a
Jockey. Freit was testifying in the suit
for $100,000 damages which he instituted
against Mr. Belmont for publication of
a blacklisting paragraph in the Racing
Calendar on his leaving Mr. Belmont's
employ. '
"Did you shake this boy Just because
he does not tip his hat to you?" Mr.
Belmont was asked by his counsel, Mr.
Rand.
"No," replied Mr. Belmont.
"Did you call the boy a "d d little Jack
ass?" "
"No," answered the witness. "I did
not post Frelt," continued Mr. Belmont.
"The posting was done by Mr. Ryland,
my trainer, but with my sanction as a
member of the Jockey Club. I did not
sanction the posting because of malice
against the boy. It was done to carry
out a well-understood rule of the Jockey
Club. Then, too, I thought that Johnny's
case was such a flagrant one that he
ought to be posted.'"
POLICE ARREST PRIEST
Hold Missouri Churchman on
Charge of Insanity.
ST. JOSEPH. Mo., Oct. 10. Clothed in
his priestly habiliments and vainly en-
"CALIFORNIA BUNGALOWS'
The most Up-to-date, Artistic Bungalow Book
on the market; handsomely illustrated with pen
and ink perspectives, floor plans and interior sug -gestiou.
Price 50 cents. . "
W. E. ALLEN
711 Dcuta Blds. Los Ancei.es
deavorlng to solve his predicament, the
Rev. Father Daniel Pembroke, former
priest of St. Patrick's parish of Mary
vllle. Mo., spent last night In a cell at
the central police station here. He Is
held for investigation as to his sanity.
His arrest was at the instigation of
Bishop Maurice T. Burke, of the St
Joseph diocese. Bishop Burke says that
Pembroke has been annoying him for 10
or 12 years.
According to the story told, both by
Bishop Burke and Father Pembroke last
night. Pembroke's parish was taken
awav from him about 11 years ago.
Bishop Burke states that ha discharged
the priest on the grounds of lmmoralltj
and general unfitness.
Pembroke says that lie was never le
gally discharged from his parish, and
that by right it Is still his. He further
more states that he has a ease pondlnl
In the ecclesiastical courts at Rom
against Bishop Burke, wherein he brings
counter-charges against the bishop and
a suit for $20,000 back salary and dam
ages in the amount of tS0,O0a.
Com salad 1 found -wild Oiroushout Eu
TTTe. Aola Minor ann
Young Man, Go West and
Grow Up With the
Country"
"Wise words from a wise man. Young man, you are
already "Out West"; are you "growing up with the
country?" No, not unless you own, or are paying for,
a farm, a piece of acreage, a city lot some piece of
realty which will give you a foothold, a start in the
right direction, a foundation on wnicn to Duna.
TWp is no better time than now to secure this start)
Next year will require more money. Call in and let!
us show you how easy it is done, we win tea youj
why BEAVERTON-REEDVILLE ACREAGE is
one of the most profitable investments you can make,
when these lands can be bought at present at $75 to
$250 per acre.
The Shaw-Fear
245 Stark Street.
Company
PACIFIC IRON WORKS
O. S. 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.
l'zzlVs to 8x8-Inch Angles
East End Burnside-Street Bridge,
Portland, Oregon.
When You Buy Electric
and Gas Fixtures
doesn't it seem reasonable that you
should go for them to an exclusive
electric and gas fixture store?
We deal in electric and gas fixtures
and accessories only and carry the
larg-est and most varied stock in the
Northwest.
M. J. WALSH CO.
Elertrle and "ia Work In AH
Its Brunches Promptly Attend
ed to. Rlnfc on Klther Phone.
311 STARK. BET. FIFTH AXD SIXTH.
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
K