The Sunday Oregonian., October 25, 1908, SECTION THREE, Page 8, Image 32

)
THE
OCTOBER 25, 1908,
CAMPAIGN HOLDS
UP REALTY DEALS
Several Options Signed Up to
Tide Over Until After
Election.
STRUCTURES UNDER WAY
Work I Rushed on Big Building
Already Started and Excavations
Made for Several Others
to Bo Erected.
During the wk Just ended realty
men were so much taken up In dis
cussing politics that little time "i
left for much else. There Is an almost
unanimous opinion that If Mr. Taft la
elected to the Presidency the local
market will continue steady and strong;.
There Is nothing; said by any of the
principal dealers that -would indicate
that Taffs election is to bring; about a
great advance in values, only that busi
ness will keep along; on the lines ex
perienced for the past few months, the
market showing; strength and values
gradually grettlng; better aa the city In
creases in alze.
"There Is one fact worthy of note,"
said a Republican realty man yester
day. "and that Is I have not heard a
single man make the claim that if Mr.
Brvan is elected the Portland realty
market will be In better shape than It
Is now."
Apart from politics, several dealers
reported a fairly good amount of busi
ness and referred to the dally record
of transfers to prove that sales gro on
right along, election or no election.
Few large deals are being negotiated
for immediate closing, but several
dealers report conditional options made
to hold after election, and all say there
will be a renewal' of ' aotlvity in the
market for the balance of the year, be
lieving, as they do, that no change
from present conditions Is to come.
Bnlldlng; Operations Continue.
In building operations there Is every
Indication that nothing short of a ca
lamity can put a stop to them. With
3 2 large buildings in course of con
struction and excavations under way
for sevej-al others, there will be plenty
of work to keep contracting firms busy
during the Winter and well along Into
the Spring, at least.
Kxcavatlon has been made for the
building to be erected by E. O. Crawford,
of Vancouver, on the west half of the
ground north of the Marshall-Wells
building, at Fifth and Ankeny streets.
Cook k Co. have about finished the ex
cavation for the Lewis estate building
to be erected at the northeast corner
of Fourth and Oak.
Foundations and first floor of con
crete of the Lombard building, at Fifth
and Stark, are about finished. This
work has attracted much attention on
account of its heavy character and evi
dent strength, carrying out the an
nouncement made by Mr Lombard some
weeks ago that he would put in foun
dations heavy enough to carry addi
tional stories to that proposed at
present.
During the week the snb-basement
concrete and cement floor of the Meier
A Frank Company building have been
laid and the outer retaining walls fin
ished. No work of this character has
been seen in Portland since the Wells
Fargo foundations went In.
Progress With Large Stroctoree.
Oond progress Is being made inn the
building of the Pacific Paper Cmnpany
and likewise on the Rosenblatt Hotel
and T. M. C. A. The paper company's
building has reached the third floor.
Fancy tile ornamentation on the Rosen
blatt building is being placed In posi
tion above the first story to where out
side brick work stopped pending the
arrival of the tiles, and with a con
tinuation of fine weather the tile-layers
will soon catch up with the other
work. Further construction on the T.
M. ('. A. building Is going forward as
rapidly aa that already in place sets
properly, the second story and walls
and piers now being finished.
Reinforced concrete construction aeema
to be in greater favor than ever
In Portland and another Important
building to be of this material Is the
Wilcox building at Seventh and Stark,
to be occupied by the Imperial Hotel.
The Northwest Bridge Works Is as
sembling machinery at this site for a
start on construction in the Immediate
future, and another large building is',
that of the Crane Company on Irving
treet.
Brick Still In Favor.
Brick construction by no means has
been abandoned, for brickmasons are
experiencing no trouble in obtaining all
the work they want. A majority of the
larger buildings under way are of
brick, and from what Is reported In
building circles, brick Is destined to
reniAln in favor for years to come. A
representatle of a firm of Seattle an
nounced at the last meeting of the
Realty Board that tt is the Intention
of his concern to establish a plant near
this city as soon as eutt&ble clav In
the neighborhood is located. This con
cern is engaged In the manufacture of
vitrified brick for street paving, as
well as building brick.
The record of building permits for
the month to date has already exceed
ed that of the entire month in 1907,
with six business days yet to come.
Attention Is directed by those who
make frequent trips through the resi
dence districts to the increasing num
ber of fine residences that have been
erecte'l in the last few months. These
are evidences of a fct ofien referred
to In the newspapers and In the litera
ture of commercial bodies, that of the
large number of people of large means
who arrive here to make their homes.
Portland men of wealth as well have
fallen Into line and take pride in build
ing attractive residences.
Builds Dwelling of Moderate Cost.
The greater number of permits is
sued for the past year or two. however,
are for dwellings of the great middle
claes. so-called, and the cl:y Is rapidly
becoming known as one where the fam
ilies of men of moderate means live in
homes owned by themselves. In Sep
tember, for Instance, there were 232
dwellings built at a cost of S468.0U0.
and of these the greater number were
built at an average cost of about $1800.
This month will make a showing of
similar significance.
Dealers handling suburban lands re
port business as well up to the record
of the past few weeks. In all platted
tracts sales are being made with sur
prising regularity, and from reports
received there would appear to be
little choice between the aeveral dis
tricts of the city. SAlee are reported
frequently in the lower Peninsula sec
tion of the city, extending to and In
cluding St. John. Quite an extensive
portion of the lands bordering the
Slough and along the carlines and
newly graded railroad extensions is
being held by Investors In anticipation
ot tfcat quarter o Lb Peninsula be-
STJXDAY OREGOXIAX. PORTLAND,
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Buildings Like These Rising on Every Hand
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coming manufacturing; altea In the
coming few years.
HOLD FOR FUTURE DEM"A"DS
Acreage Along O. & AY. IJne to Be
. Manufacturing Sites.
The sale of 714 acres of the 100
acres held by the Columbia Arms In
vestment Company, near Smith's cross
ing, down the Peninsula, for 190,000,
was negotiated by R. G. Brand, who is
an extensive dealer In property in that
part of the city. Mr. Brand said yes
terday that It is the Intention of the
purchaser, M. L. Holbrook, to cut up
the tract into building lots, which will
be put on the market as soon as the
tract can be surveyed and platted. He
also said that the investment company,
in which he Is a stockholder, intends
to hold the remainder of . the original
100 acres to offer to manufacturing
concerns.
PERMITS GO OVER LAST TEAR
October Total Already Shows- In
crease Over "Panic" Month.
With the addition of building permits
issued last week, numbering 88, carry
ing estimated cost of $242.41'0, the foot
ings for the month to date amount to
303 permits, and estimated cost of new
buildings of $715,495.
This amount is nearly $200,000 more
than the total for the month of October,
1907, when the cost of buildings for
which permits were issued amounted to
$584,735.
It Is improbable that the month's
total will reach that of September,
when it was $972,363, but there is still
a week's operations to add, which may
make a material addition to this month.
Catholics Erect Many Buildings.
Porland Catholics are completing a
series of schoolhouses and other buildings,
and Sunday St. Andrew's church and
school at Highland will be dedicated by
Archbishop Christie and Monsignore
James Rauw, V. G. It cost $lo.0i)0 and is
similar in design to the building recently
completed by the Redemptorist Fathers at
Piedmont and also by the Jesuits at Cres
ton on the Powell Valley road.
The school and chapel of St. Stephen
parish on East Taylor and Forty-flfth
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HKI AP.VKTMtO.NTS, .. W. CQRAEK 14TH AD IOLUIB1A.
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A Prominent Banker Once Said, "There is No Such Thing as AB
SOLUTE SECURITY." The BEST SECURITY on
EARTH
EARTH
THE
TSELF
More easy money is made every year, more worry avoided and sat
isfaction derived in actually seeing your security and watching it
grow, than in any other way.
Within reach In Portland Where right improvements and prices
- prevail And every lot a PLUM is
'mi 11 si
That matchless location that is within easy reach financially as
well as physically of your business. Seeing is believing. Let us
SHOW YOU NOW.
HILTON, DODDS 8 CAMPBELL
PHONES : A 132S, Main 8874
219-220 COMMERCIAL CLUB BLDG.
TAKE ADVANTAGE OF THIS GOLDEN
OPPORTUNITY BEFORE IT'S TOO LATE
Metzger Acres were platted into 400 beautiful acre tracts earl last Spring and
placed on the market at the reasonable prices and terms herewith quoted. At
that time it was agreed upon that we would sell just one-half of our tract at
these exceptionally low figures. The 200 limit has almost been reached, there
fore those desiring to secure one or more of these choice acres before the 25 per
cent advance will have to act quickly. -
METZGER ACRES
As you no doubt know, is only a 30-minute ride from the heart of Portland, the
most beautiful city in the world. Every acre is desirable and susceptible to
the highest state of cultivation. TVe have the richest soil to be found, free from
stones, gravel, etc. Most of these Acres are ready to produce, while some are
covered with a heavy growth of the finest timber in the state. The timber
alone, on some of these acres, is worth twice what we are asking for the ground.
Ever-flowing streams and crystal springs abound. To appreciate all the numer
ous advantages, you will have to make our tract a visit. Take cars at Front
and Jefferson streets.
$200 AND UPWARDS PER ACRE
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. Agenls and Phones at Station Main 6409.
streets, costing $15,000. is ne-artng com
pletion and will be dedicated next month,
i three-acre tract has been purchased by
he Arthbl?hop near Montavllla end the
Jrct will l used for a church and school
some Time in future. The college build
lne of the Catholic Christian Brothers on
Grand avenue will be dedicated Novem
ber 29.
Lodge Building Xears Completion.
The plastering in the new Oddfellows
building for Orient Lodge, at East Sixth
a Aiio,. afreets, is being finished up.
The interior of the structure will be ready
for tho decorations by .Novemoer 1. auw
portion of the work Is in the hands of
a special committee. The color scheme
will be artistic. Woodwork, rostrum, altar
and other parts will be In Ivory white. In
the mural decorations urcp
and champagne hues will enter.
, . j. v, furniture have been
let and distributed among several firms
In the city. About 0 will be expended
on the decorations and furniture.
Plans for Water Office.
Flans are being prepared for a water
office to be erected at East Seventh and
Washington streets, to cost about ti8,000.
At this point the Water Committee
secured a lot some time ago. The build
ing will be two-stories 60x100. At some
future time another building will be built
in the North Bast Side district, probably
on tho lot owned by the city on Kussell
street, near Williams avenue.
Building Sells for $12,500.
E. J. Daly reports the sale of a two
story brick on Williams avenue, be
tween Sellwood and Stanton streets.
Size of lot. 46x96. The building was
erected two years ago, and contains
two stores and two flve-room flats.
Consideration. 12,S00. .
After the play the Perkins Grill. Our
Chafing Dish and Sea Food Specialties
are worth while. No better oysters in
the world.
We are delivering 1909 Chalmers'
"Hl." je&U Auto Co. ,
F IN x'O
fi'niiritrifi'
CHILLY WEATHER
Have your fireplaces equipped, with
"WOOD AND COAL GRATES OR AND
IRONS, which are sufficient to take the
chill out of the house; besls they are
most attractive in a room.
THE M. J. WALSH CO. have just re
ceived a shipment large enough to furnish
Oregon, Washington and Idaho.
Buy a SPARK-GUARD and prevent lora
or damage to carpets, rugs, clothing or res
idence. Be sure to bring the measurement of
your fireplace opening.
M. J. WALSH CO.
Electric and Gas Work In All Its Branches
Promptly Attended to.
King on Either Phone.
311 STARK, BKT. FIFTH AND SIXTH.
OrtS SATURDAY EVENINGS.
DAVIS & DRENNEN
406-408 East Buruside 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
0. E. Heintz, Ifanager. 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 12x1 V2 to 8x8-Inch Angles
JIast End Buradde-Street Bridge, Portland, Oregon.-