The Sunday Oregonian., November 15, 1908, SECTION THREE, Page 8, Image 32

5, 190S.
REALTY MARKET
If! GOOD SHAPE
TYPES OF NEW PORTLAND DWELLINGS
Steady Demand Is Shown for
Residence Sites and for.
Warehouses.
r - " i
MOIRE
TENANTS LEAVE OLD FLATS
Large Xnrnber of Modern Apart
ments Attract Renters Progre
Made With Big Structures and
Work Promises to Continue.
BT JOHTf J. HARRISON1.
Taken altogether, realty deals for th
past week made a handsome amount of
business, considering; the time of year.
There would seem to be no Rood reason
for realty transactions to fall oft In the
Winter months in Orepron. especially in
tht part of the state, for weather con
ditions are such as to permit examina
tion of pieces of ground at almost any
time of the year.
This Is true of suburban tracts as well
as Inside properties, and selling? agents
for outlying; lots report a brisk business
on both sides of the river. All along; the
borders of the East Side where tracts
have been platted and put on the market,
purchasers appear to Increase In number
rather than show a falling; off. On the
lower Peninsula, where new streets are
being; cut through and former ones un
dergoing; repair, the aales are of a most
satisfactory nature. During; the week
announcement was made that a sawmill
of 150.000 feet dally output is to be built
adjoining the Swift packing; plant, one of
the purposes In view being the manufac
ture of boxes for use by the coming; big
enterprise.
Outlook for Factories.
Inside of another yar there can be little
doubt that the district surrounding; the
packing; plant, and In fact all along; the
sloughs as far aa St. John, will become
one of the principal manufacturing sec
tions of the city and suburbs. Building;
lots for both business and residence pur
poses are being taken over by two classes
of purchasers those who Intend to build
for their own occupancy and those who
see advancing values and buy aa Invest
ments. A rather unusual number of to-let signs
are displayed In the northwest side of
the city, but are confined to flats In old
building?. This Is said by renting agenta
to result from the large number of new
and modern flats that are rapidly draw
ing people from the old-style houses.
They report that no fear need be felt
that the town Is being overbuilt, for when
owners of old-style flats realize that their
tenants are leaving they will be prompt
to either replace this class of buildings
with modern ones or at least overhaul the
existing buildings. Another- point con
sidered by renters of flats Is tlte high
ceilings In the old buildings. Rooms of
that description are more difficult to heat
and lack comforts found In the newer
styles.
Building Operations Improve.
Statistics prove a rapid recovery in
building operations all over the country.
Portland for the year was one of the few
cities of the country that experienced but
little falling off, and in October made a
gain of over 28 per cent compared with
t the corresponding month of Bo far
' this month there have been but 14 bulld
! lng permits issued, but several large
t buildings are yet to figure so that the
. totn In valuations should show an In-
crease In comparison with last Winter.
; To date permits for the month amounted
to JCt4.0, of which 7 were issued in the
past week with valuations of $1&.6.
The lancer buildings for which permits
. will he issued soon are for the Wilcox
building, at Seventh and ark streets,
th Meier & Frank, at Sixth and Alder
Public Market, at Fourth and Hoyt;
Crawford, at Fifth and Ankeny; Fuller,
at Thirteenth and Kverett. and several
residences of the better class. " In every
locality of the city are to be found build
ings in course of erection and every
architect In the city holds commissions
for making plans for other buildings.
Good Tone In Market.
There continues to be the most opti
mistic feeling in the realty market, and
some of the reported sales since election
indicate a good steady tone. Attention Is
again directed to the district In the neigh- :
borhood of the Union Station. Property
In that part of the city Is strongly held
and the last few aales were closed at
ne advance over asking figures or a
few months ago. There is no indication 1
that "boom" conditions threaten the
market In Portland, but a much better
Indication exists In having frequent in
quiries made for Investors, both local and
out vide.
A Spokane capitalist was in tlte city
Is st week looking over the field for in
vestments here and expressed himself as
pleased with things as he found them.
This capitalist has considerable money
Invested in his home city In realty, but he
Intimated that better percentage ia to be
obtained here than elsewhere. The time
is approaching when Investors in Port
land wtll have to be content with less In
come, but as long as valuations remain
on about the basis now obtaining this
city will continue to offer better In
ducements than are to be found In other
Coast cities.
Business Borders Expand.
Expansion of the borders of the old sec
tion of the business districts is already
making quite a perceptible difference, by
bringing Into account properties that only
a few years ago were considered too far
removed from centers then established.
This is particularly noticeable In the
terminal district which la rapidly as
suming a strong position In the wholesale
and manufacturing business of the city.
To the north of St. Vincent's Hospital
at the ends of streets Intersecting
Twenty-fifth there la growing a district
that has more recently built handsome
residences than probably any other part
of the city. Some of the best of these
residences are aet against the hillside and
make a wonderfully effective grouping,
greets In the neighborhood are well
paved and altogether the locality Is rapid
ly becoming a show part of the city.
Sales by K- J. Daly.
K. J. Paly sold yesterday property
belonging t- C. Aerne. Jr.. on Chapman,
between Yamhill and Taylor streets, to
a capitalist from the Willamette Val
ley. The lot Is 43 by 100, and Is occu
pied by a concrete and corrugated Iron
a-arage. The consideration waa $10,500.
lie a. so sold through the agency of
Van W. Anderson bis three lots on
Kavenswood urive. Portland Heights,
on the site of the old water tank,
formerly owned by the City of Port
land, for
Waterfront Property Sold.
S. T, Brown has sold to Robert Ho
fer the south t0 feet of lots S and 7.
and the north 20 feet of lots 3 and C.
tn block 12. Kast Portland, for fiO.000.
This property is In the center of the
block st the foot of East Aiadison
street and on East Water street. It in-
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W. . ' Mr,.,m i i . - (.ic. - ..... . , , Jig
cludra a. 40-foot trlp through the block
between Bast Water street and the
Willamette River.
Will Erect Pythian Hall.
The Pythian Hall Association, of St.
John, has incorporated for the. purpose
oi erecting- a building that will cost J10.
000. J. F. Clark. J. H. Black, S. a Davis.
H. W. Brice and K. C. Couch are the in
corporators. It is the intention to erect
an attractive building.
Platting Mount Tabor w Tract.
"Welchboroueli'" is the name of a new
addition that is being platted on the east
slope of llount Tabor. Three acres are
from the land of C. H. Welch and si
acres are from the land of Henry Free
borough. The lota will be 145x30.
Building Keady for Roof.
The building at Fourth and Ankeny,
under conn.; of erection for the Pacific
Paper Company is about ready for
the roof. Excellent progress was made
In -"he construction of this building,
aided by the fin weather of the past
few weeks.
FARNUM'S WIFE DIVORCED
Decree to Woman Whose Husband
Figures In Gould Trouble.
NEW YORK, Nor. 14. A decree of
absolute divorce waa granted today by
Justice Bischoff to Mrs. A. Johnstone
Farnum from Dust in Farnum. the actor.
Farnum recently was named a co-respondent
by Howard Gould In his an
swer to the suit brought acainst him
by Katherinc Clvmmons Gould. By
order of the cour'. the papers In the
Farnum suit were sealed.
ROCKEFELLER TO TELL ALL
Will Go on Witness Stand Willingly
and Disclose Oil Facts.
NEW YORK, Nov. 14. John D.
Rockefeller Is expected to go on the
witness stand when the hearing In the
Government's suit to dissolve the Stan
dard Oil Company is resumed next
week, and tell the story of that gigan
tic corporation. It is said that Mr.
Rockefeller will be a willing witness,
and that for some time he has been
desirous of clearing up certain matters
concerning the company.
At the office of the Standard Oil Com
p a ny it was stated that the company will
subpena Mr. Rockefeller, John D. Arch
bold, vice-president, and J. A. Moffett,
a director of the Standard Oil Company,
as witnesses for the company. It is ex
pected that Mr. Archbold and Moffett
will follow Mr. Rockefeller on the witness-stand.
Thousands for Xew Churches. '
TOPEKA, Kan., Nov. 14. The conven
tion of the Home Missions Board of the
Methodist Episcopal Church today appro
priated S100,0u0 toward the rebuilding of
the churches destroyed in the San Fran
cisco earthquake. It was suggested that
100,000 more was badly needed. Bishop
Hamilton, of Boston, led the debate In
favor of the appropriation. It is expected
that the division of the state funds will
be completed before Monday.
'TIS OF THE HOME
WE SPEAK
It should be well lighted and heated.
We have the latest improved designs
in lighting fixtures, mantels, grates,
dogirons and andirons. Ton should
investigate our line and prices before
buying.
M. J. WALSH CO.
Electric and Gas Work in All Its
Branches Promptly Attended to.
Eing Either Phone.
311 Stark, Between Fifth and Sixth.
Open Saturday Evenings.
But very few lots are now left in the original plat of Swinton. The sale has
been phenomenal. Many people have seen the opportunity and seized it. Others
have failed to do so and regret it.
The demand for Swinton lots has been so great that the Columbia Trust Com
pany has been induced to file a new plat comprising Blocks 41 to'Sl, in all less than
400 lots. This new section adjoins the old plat of Swinton on the south, lying be
tween Russett and Bryant streets, and is as choice as any part of Swinton. It is
high and level and overlooks every lot in the old plat, shade, trees are bountiful
and the view is superb. At the rate the first 600 lots sold this new plat will not
last over 30 days.
To the early buyers we will offer a 10 per cent discount, as we did in the orig
inal plat. This discount is only for a short time pending the progress of the im
. provements and is subject to recall without notice.
Don't delay to make an early selection.
SWINTON
TO THOSE WHO KNOW
Don't Turn Your Back on This Last Opportunity to
Secure for Yourself a Holding in Swinton
Lost opportunity is the greatest regret of a man's life. Don't let your tears of
lost opportunity mingle with those of the Chicago, Omaha, Kansas City, St. J os
eph and Fort Worth citizens, who failed to take unto themselves the prolific part
nership offered by opportunity when Swift came to their, home towns as he has
come to ours.
In answer to another marked demand the Columbia Trust Company has plat
ted Newmarket Row as the name implies a row of market building lots (only 45
in number) along the west side of Albina avenue and the proposed street railway
extension to the packing plant.
LOCATION
This property is in close proximity on the east to the big piece of land known
as Kenton, and chosen by Swift & Company as a homesite for employes of the com
pany, who will be unable to build their own homes. Upon this piece of land hun
dreds of cottages are to be erected.
The elevation of Swinton is high in fact, the highest on the peninsula proper.
Toward the north there is a gentle slope to the Columbia River, presenting a mag
nificent view of that mighty artery of commerce, the green hills of "Washington
and the city and barracks at Vancouver, just over the river. The city to the south
is in plain view, the entire distance being down hill from Swinton. Points of in
terest may be easily discerned, and the beautiful hills to the west of the city form
a striking background of green for this majestic panorama.
VALUES
The genius that made the packing industry, that raised Chicago from a hamlet
of 20,000 to a metropolis of 2,000,000, that peopled the plains of the great Middle
West, that created the cities of South Omaha, Fort Worth and St. Joseph, that
made a new Kansas City, is now coming to Portland.
Already the mere locating of the Swift plant on the peninsula in Portland has
increased realty valuations 50 per cent, adding many millions of dollars of profit to
present holders of property.
Already this first step has created the necessity and demand for many miles
of additional street railways.
Already the great railroads of the nation have made their preparations. One
has excavated a tremendous cut for a right of way. Another will tunnel for a mile
under a fine residence district of Portland. One has spanned the mighty Columbia
with a huge steel bridge. One has built hundreds of miles of new railroad just to
be in touch, seemingly, with this great giant of trade. One is building an enormous
concrete dock in Portland, preliminary to handling a large share of the Oriental
traffic originated by the packing plants. A half-dozen other transcontinental lines
are building with mighty energy to participate in the material prosperity of Port
land. Inf erurban electric lines are being projected in every possible direction. All
because Portland has been selected as the heart and center of operation by the
greatest manufacturing enterprise of modern times.
Is it wbnder that Portland's peninsular property is rising so in value?
The industry that has made a Chicago, an Omaha, a Kansas City, a St. Joseph
and a Port Worth is about to make a Portland. And Portland being a terminal,
cannot escape even greater destiny than the other cities.
If the future is as generous to Swinton as the past year has been, it will not be
at all surprising if the purchaser who buys now will easily double his money with
in twelve months. The peninsula is just as certain to be the most populous part of
the Great East Side as the East Side is already the biggest part of Portland. It is
population that makes real estate values. The logic of the situation, therefore, de
mands that the man of good judgment shall invest right here and right now. The
amount may be little or big, as you wish, while the returns will be bountiful.
Improvement work is being prosecuted with vigor. All streets are being grad
ed and city water mains laid.
Purchasers secure all improvements within the purchase price.
, Building restriction of $1500 covers all of Swinton south of Watts street.
Newmarket Row is the very heart of the great peninsular residence section.
In this little section the restrictin does not apply and it is open for the location of
markets, stores and business places such as a large residence section requires.
PRICES ARE RIGHT
TERMS: 109&'Down, 2 per Month, 5 Discount for Cash
Columbia Trust Company
7th Floor, Couch Building