The Sunday Oregonian., November 01, 1908, SECTION THREE, Page 10, Image 34

-10
VALUES ATTRACT
OUTSIDE CAPITAL
TYPES OF NEW PORTLAND DWELLINGS
BUY TWO OR THREE OF THESE ACRE
TRACTS AND BECOME INDEPENDENT
We only ask a small payment down and a very few dollars monthly. The pay
ments are so small that you would scarcely feel them, and within one year's
time you would certainly have something to show for your economy, which you
could justly be proud of. Figure it out for yourself, and see what a small
monthly saving it would require to purchase one or more of these tracts.
ACRES
Recent Sales of Portland
. Realty Include Some to
Eastern Investors.
i'"i. Ji
LARGE SUMS IN NEW WORK
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Record for Present Tear Will Reach
10,000,000, Exclusive of Heavy
Work Done on Fenlnsolm la
Railroad ImproTetnents.
At a time that ia customarily regarded
as a particularly dull season In the realty
market, the past week furnished an ex
ception to the rule. After months of effort
and circulation of Information regarding
the advantaires offered Investors In real
estate. It would not appear to be a fact
that outside people are quite fully In
formed and are sending In commissions
for the purchase of realty In and pon
tlruous to Portland.
Last year several Texans. with 1. B.
Menefee as advance guard, came here and
Invested heavily In both city property and
timber lands. Now these men own some
of the choicest Heights sites and further
more are arranging to erect residences of
a costly character. There has grown
quite a colony of Texan In the last few
months who have become Interested tn
some of the leading Industries of the city.
As far away as Philadelphia the oppor
tunity offered for Investment here has
spread, for one of the principal sales
made was to a Quaker City capitalist.
Dealers say Inquiries from communities
all over the state are of daily receipt,
and while no deals were closed last week
from these sources of large amounts,
there were numbers of sales made lnvolv
. Ing all the way from a few hundred
dollars to several thousands. It Is at
tributable to these smaller transactions
that the market has been kept In good
shape.
Railroads Make Large Outlays.
One of the strongest argumenta used
hv really men In exploiting citlea on the
Sound was that millions were spent by
railroad companies In acquiring ground
and bullying their terminals. These ex
penditures did much to give those cities
a start and to bring them up to what
ever prominence they have succeeded In
attaining. That argument holds good In
Portland. The Harrirmui and Hill roads
are today expending millions In extending
lines on the Peninsula, building bridges,
erecting docks. In cuts and fills, trestles
and terminal facilities. When these Im
portant works are completed they will
furnish another evidence of the faith
these big corporations have In Portland's
future.
As a matter of absolute fact Port
land has arrived at a point In Its career
that nothing can shake, and no class of
Its business men recognise that fact
more clearly than realty men. Men of
large means In the city and throughout
the state have awakened to realise what
chances for profitable Investment are
presented fight here at rhelr doors, and
on every' hand are evidences of this
awakening. With jover big buildings
under way at a season ordinarily not
considered the test for building opera
tions, and architects busy with plans
for others, the outlook for a continuation
of Portland's growth Is Indeed rosy.
e Buildings Tnder Way.
T. B. Wilcox is to Invest about tl.OHO.OOO
In ground and buildings: Swift Com
pany estimate somewhere near the same
amount: Meier Frank Company con
siderably over I50.000; the Trustee Com
panv over J1.0W.W0 In Its two proposed
buildings:' Crane A Company., TV. P.
Fuller St Company. Parlln A Orendorff
Company. Pacific Paper Company. Gay
Lombard. C. K. Henry, Giis Rosenblatt.
I .abbe estate. Public Market at Cold
Ftorwre Company. J. M. Toomey. John
Klernan. T. M. C. A. building, addition
to St. Vlncenfj hospital. Homeopathlo
Hospital. Armour Company, Carman
Manufacturing Company. American
Chicle Company. Oddfellows hall. East
Side: Lewie estate. Alblna High School.
Arlington Club. Chinese building on
Tk-hner block. East Portland Mill
Fixture Company and reasonably put. 600
to 800 dwellings. Is part of the record of
new buildings started, projected, or well
under way in Portland today. In the list
given cost of construction Includes es
timates of buildings ranging from ,
000 up to J2CO.O00.
Comparison of Operations.
Figures from the- Bulldlna; Inspector's
office, both In number of permits granted
and estimated cost, bear out reports fre
quently made by commercial bodies and
by newspapers that the growth of the
city Is of the remarkable order. The
total for permits Isssued tnlhe year 190
was JS.9S7.471; at the close of September
this vear the total for nine months was
7.70.728, or nearly Sl.O0O.ono more than
for the entire year of 1906. The total
.' for this year will closely approach and
may exceed that of 1907, despite the in
tervention of the months of financial de
pression following the "speculatora
panic." The average monthly amount
represented In the permits for nine
! months of this year Is JMO.000; If that
average holds good for November and
recember the years total will go above
1 n.000.M. October went over the aver
i age considerably. but November is
' counted on as a slack month.
In the list of new building projects. re
ferred to in the foregoing, quite a num
i ber are located In the new warehouse
district rapidly growing In the north
west end of the city. With the Mitchell.
Lewis A Staver Co. warehouse being re
moved bodily from Fifteenth street, and
foundations, steel and heavy mill Interiors
' rising, the locality presents a scene sel
dom met with. That district Is compared
In appearance with San Francisco when
that city was starting to rebuild In Its
wholesale sections.
Warehouse Springing Tp.
Along the same lfnea the building up
of the new East Side warehouse section
Is attracting comment and that district
Is assured of becoming one of the most
Important In the city. Already several
buildings have been started along the
line of the Southern Pacific and as rapid
ly as fills are completed new owners of
the more desirable sites are announced,
together with Intention to build.
It Is the great number of new resi
dences In every section of the city that
Is furnishing the most marked evidence
of growth, both to visitors and local peo
ple. A common remark heard is that
made by old-time residents after a trip
to one or another district of the city after
an absence of some months: "I am
amaxed at the extent of building going
on. The part of town I have Just seen
for the first time in a few months has
grown so rapidly that I scarcely could
recognize It."
PEXIXSVL.VS BRIGHT FTTURE
Destined to Become Manufacturing
and Industrial Center.
"I am surprised at tha growth on the
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Peninsula." said F. I. McKenna. who
may be considered the father of the boule
vard system In that part of the city,
"for every time I go to a new point I
see Improvements of every sort homes
and Industries and street Improvements.
There will be a great manufacturing dis
trict covering the lower portion of tha
Peninsula."
The steady progress on the Swift pack
ing plant and other Industries Indicate
that Mr. McKenna la right in his pre
diction that the Peninsula will become a
great manufacturing and Industrial cen
ter. There will be much building as
well, following the line of the street
railway and fronting on the Willamette
River- . . ,
The foundations for the packing plant
buildings are being erected and will be
finished by December. Work also will
be started on the depots for the North
Bank Railroad, both fir passengers and
freight. The Meagly Junction Improve
ment Club has several committees out
pushing street Improvement, getting
electric light and water mains In that
section. In the Kenton tract a large
number of dwellings and some business
buildings are under construction, and
others are projected.
CENTEX XTAIj MAKES GOOD SALE
Two Lots on PettjrgTOT 6treet
Bring $6200.
Two lots. 100x100 feet, at the northeast
corner of Twenty-second and Pettygrove
streets, were sold last week by the Cen
tennial Investment Company to Edward
Lyons for a0u. These lots were bought
last March by the company. s.nd the sale
shows a neat profit on the amount of
cash actually Invested. ,
The Centennial Investment Company
was organized In 1905 among newspaper
men of Portland, but owners of shares
represent other lines of business as well.
The stock Is Issued In series, there hav
ing been three series Issued up to this
year. Dividends are calculated oh the
basis of time stock has been owned and
paid for, and with the most recent trans
action Included these dividends amounted
to tea in October, 1907: $374 in June,' 1908,
and tt0 In October, 1908. the last named
being from tliOOO Invested.
Most of the stock subscribed Is paid for
on the Installment plan, that is, tl a
month per share, although stock may be
paid up In full. In which case cash divi
dends follow. On Installment stock divi
dends apply toward reducing payments.
The company expects to close a deal for
a West Side property in a few days in
which $9000 is to be invested.
OCTOBER BUILDrXG KEEPS TJP
Shows Total of $829,755 for New
Structures.
Permits Issued by Building Inspector
Dobson for the month of October amount
ed In number to 36$. carrying valuations
of 882S.756. With this addition to the
year's building operations, the total
reaches eS,600,4Sl for the 10 months of the
year.
There are on file with the Building In
spector several sets of plans for exam
ination, some of which are for large
buildings, and which require considerable
time to check up and compare with
building ordinances. These will figure In
this month's operations of the Inspector's
office and give November a good start
toward keeping up the average for the
year, which so far reaches about $S50,000
a month.
Architects' Committee Appointed.
As a preliminary move for the next ex
hibition to be given by the Architects'
Club, a committee, consisting of K. B.
Lawrence. Morris Whitehouse and E. M.
Lazarus, has been appointed to arrange
details and send out notices regarding
the coming show. While the exhibition
will not be given until March, It has been
deemed best to start now. In order that
alenty of time may be had lor prepara
tion by all who desire to contribute ex
amples of work. The committee will be
ready to give Information as to date and
rules governing the exhibition In a short
time, when due notice will be given all
interested.
Is a tract which appeals "to all classes. To the homeseeker it affords an ideal
and healthful location for a SUBURBAN HOME, the best possible investment
for the investor, and a paradise for the man with moderate means. Go out and
investigate this proposition before prices advance, then you can appreciate all
that we have said regarding our ACRES. METZGER ACRES are located on
the Salem Electric Line, just a 30-minute ride from the heart of Portland, the
most beautiful city in the worlds Take cars at Front and Jefferson streets.
$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, 226-223
Front street, or at Metzger Station. All cars stop at Metager's.
HERMAN METZGER, OWNER
Office Phones Main 474, A 1374. Agents and Phones at Station Main 6409.
been discovered by the customs author
ities here, customs
that a number or paintings impu.
from Paris, bore daubs of paint in one
corner evidently for the purpose of
covering the signatures. When this
layer of paint was removed it was dis
covered that beneath were the name of
great artists Corot, Lnaz. noummu
j ,v.-.-- e miA.l nrominence. It is
believed that the paintings are of ob
scure artists arid that the forged names
were carelessly covered in suun . man
ner as to make their discovery cer
tain, thereby enhancing . the value 01
the paintings. '
DR. FOULKES ON COUNCIL
Will Deliver First or Course of Lec
tures at X. M. C. A. Today.
This afternoon in the T. M. C. A. build
ing, at Fourth and Yamhill streets. Dr.
William Hiram Foulkes, pastor of the
First Presbyterian Church, will give the
first of a series of five addresses on
'Challenges of the City."
His first subject Is quite significant as
one of wnat he believes to be the great
challenges of the city. He will speak to
day on ."Civic Righteousness" and the
"City Council." Dr. Foulkes has taken
deep interest in what tha Council has
been doing ever since he has been In
the city. He may have some things to
say that will be to the credit of the
Council, but he will, undoubtedly, have
much to say on the other side. It is
believed that he will take occasion to ex
press his own personal opinion quite
freelv in regard to what the business of
the City Council is, and as to whether he
believes it Is doing Its business.
This is but the first of a series of five
addresses to be given at the Sunday
afternoon meeting at the T. M. C. A. The
other subjects will be as follows: Novem
ber 8, "A Wall of Fire"; November 16,
"The Armor of Light"; November 22,
"Mountain Climbing"; November 29,
"Twentieth Century Knights."
Just before the address this afternoon
at 3 o'clock there will be a concert by
Sheet's Orchestra of 12 pieces. Immediate
ly following the address will be Bible
classes, and at 6:45 o'clock the historical
fellowship lunch, which has been a fea
ture at Sunday afternoon meetings for
the last five or six years. There is always
something good to eat, besides lota of
good fellowship. This programme Is free
to all men.
Says He Shot to Stop Hold-up.
BAN FRANCISCO, Oct 31. As a re
sult of a mysterious shooting at Fourth
and Folsom streets early today, Gus
Weinberg is at the Central Emergency
Hospital fatally injured and John T.
Carr is in the city prison. Carr declared
Lthat he shot to stop an attempted hold
up, but Weinberg upon recovering con-
sclonsness at the hospital said Carr bad
been drinking and shot him down with
out cause or provocation.
No Advocate of Miscegenation.
KANSAS CITY, Mo., Oct. 81. Profes
sor Charles Zublin, of Chicago, who
was quoted by two Kansas City pa
pers last week as having advocated in
a university extension lecture here the
Intermarriage of the white and black
races, denies hotly that - he ever said
anything of the klnft.
"It was a pjaln lie," he said last
night, "manufactured to Injure one
whose views on many social and eco
nomic questions do not suit the conven
ience of men who are getting an un
due advantage of society.
"Right In this connection the atten
tion of the thoughtful men and women
of this country should be aroused to
the great menace to free speech and
square dealing in this country. It is
those that have special Interests or
graft to protect who conspire to ruin
any man whose Ideas are not conven
tional or safe to those Interests."
Hardman Pianos Wiley B. Allen Co.
New Church Plans Prepared.
Plans are being prepared for the pro
posed new Sunnyslde Congregational
Church, which will cost J26.000. 'Rev. J.
J. Staub, the pastor, says that work
will be started on the new building prob
ably the first of the year. He said,
however, that the final approval of plans
for the new edifice depends on the ac
tion of the church extension board, but
he Is confident that organization will
grant the aid asked for. Early action
Is expected.
Columbia Park Improvements.
A double greenhouse is being built ly
the city at Columbia Park, to be used
for the cultivation of plants and flowers
for the city parks. It Is being erected
on the vacant portion of the park, on
the east side of the tract. It will cost
K000 when finished. Other Improvements
are to be made to the park before the
season opens next year.
Proposed Theater for East Side.
The East Side Is to have a theater. It
will be located in the Holman building,
on the corner of Grand avenue and East
Washington street. G. I Wallace an
nounces that lie will remodel the lower
portion of the building for a theater. He
asks no bonus, but says he will invest
his own money In the enterprise.
Scheme to Defraud Art Lovers.
NEW TORK, Oct. 31. What they be
lieve to be an attempt to defraud Amer
ican buyers of French paintings has
b
The Roof that "proves," sun
proof and rain-proof; needs no
paint or repairs. - FoUowing are a
few "Wont's" about Rubber
Sanded Roofing:
Won't chip. Won't warp.
Won 'ttear. Won't crack.
Won't nut. Won't decay.
Won't shrink.
Won't crumble.
Won't need repairing.
Won't absorb moisture.
Won't attract electricity.
Won't need any paint to
preserve k.
Won't be affected by any
climatic changes or
conditions.
Won't cost as much. In
the long niOj a other
roofing.
What Rubber Sanded
WILL da Is told of In
our booklet "ROOF
TALK." which will
be sent free upon request, together
with sample of the Hoofing Itself.
PIONEER ROLL PAPER CO.
Department 45, Los Angeles, CaL
RASMUSSEN & COMPANY
Distributing Agts Portland, Oregon
Rubber
isanded
BQQFfflO
li "1
THIRTY YEARS' ACQUAINTANCE
WITH WILLAMETTE VALLEY
FARM LANDS
Has enabled us to select the choicest
2000 ACRES
Within ten miles of center of Portland.
Onr watchword is Good Soil
Every platted tract faces graded, street.
Jennings Lodge
On the O. W. P.. at $250 Ter acre and nn.
River-front lots, 60x250 feet, at $550 each.
Andrews Tract
40-acre tracts at $75 to $125 per acre,
iy2 miles west of Linnton, near proposed Eills
boro Electric Line.
Beaverton-Reedville Acreage
One acre and up, at $150 to $250 per acre.
Eight miles west of Portland. ,
Five trains each way daily.
Additions to Beaverton
Reedville Acreage
Aldrich Acreage
20-acre tracts, at $75 to $150 per acre,
Alton Acreage
Vracre to 3-acre tracts, at $175 to $250 per acre.
Kinnesswood Acreage
2 to 10-acre tracts, at $250 to $350 per acre.
Feemster's Subdivision
20-acre tracts, at $125 per acre.
This community is in need of a good general
store, a nursery, a greenhouse, a fruit and vege
table cannery, etc.
Call at our office and get a free round-trip ticket to our property, where
you will be met by our agent with a carriage and shown over the tracts.
THE SHAW-FEAR CO.
245 1-2 STARK STREET
ft - '6
nl-In
CHILLY WEATHER
Have your fl replace equipped lth
"WOOD AND COAL GRATES OR AND
IRONS, which are sufficient to take the
chill out of the house: besUiis they are
most attractive In a room.
THE M. J. WAIiSH CO. have Just re
ceived a shipment large nougrh to furnish
Oregon, Wanhlngton and Idaho.
Buy a SPARK-OITARD and prevent loss
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 Gaa Work In All Its Branches
Promptly Attended to.
Rlnc on Either Phone.
SU STARK, BET. FIFTH AND SIXTH.
OPEN SATURDAY EVENINGS.
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 V .
B. E. DAVIS Phone B 2151, East 59L H. T. DRENNEN