The Sunday Oregonian. (Portland, Ore.) 1881-current, November 29, 1908, SECTION THREE, Image 32

The Sunday Oregonian., November 29, 1908, SECTION THREE, Page 8, Image 32

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Newspaper Page TextHEALTHY TOE IfJ REALTY MARKET Transfers Figure Up Well Over the Totals of Recent v Weeks. BIG GAINS IN BUILDINGS November Permit Show Advance of Over 300 Per Cent Over Fig ures for Corresponding Month of 190". BT JOHM J. HARBISON. Devoid of any particular sensational deal, the pant week was nevertheless one that made a frood record In the realty business. The total of trans fers for the week attain footed some what over that of recent comparative periods, and established the fact that the business of buying: and selling real estate In and near Portland has as sumed a steady and unaoubtedly stable position. Kast Side realty acems to present the most attractive Investments at present. thoiiKh streets south of Morri son street on the West fide are being resarded with renewed Interest by in vestors Yamhill. Taylor. Salmon, in fact, several blocks in that direction. JncludinK. of course, the numbered streets running east and weRt. The difference in values between the north and south streets and the num bered streets is largely chimerical, especially from about Tenth street to the river on the West Side, and from Orand avenue to the river on the Kast t-lde. Bridge streets on the Kast Side have some advantage In valuations, but on this side cf the river the differ ence is not so pronounced. For in stance. Washington street is not a brldjre street, but valuations on that thoroughfare are much higher than on any other street leadUiir from the river. Thjs Is readllr accounted for by rea son of the established prominence of WashlnKton street as the main busi ness street of the city. It Is the Broad war of New York, the State street of "hlcaro. or the Jl.trket street of San Kranclftco as applied to Portland. When once a street becomes recom piled In this way. It remains so al ways. Vldor Street Jieslrablc. We of this day and feneration re aret that the original plat of Portland did not provide for wider streets and . larfrer blocks. Intersected by alley ways: but the thin Is done past rem edy, so that we must make the best of It Boston U done for nearly Io jears. Values of Washington street frontage doubtless will be at the high est mark in the future .lust a they have been In the past. This does not mean that Stark. ak. Pine. etc.. on the north, and Alder. Morrison. Yam bill, etc.. on the south, are to fco back ward In Increasing valuations, for there Is every Indication that the dis trict bounded by the river on the east, the hills on the west, the river on the north, and way tip there" on the south. In the years to come will be sol idly devoted to business. When that day comes, resident of the city will have their homes on the Kast Side and on the Heights. Owinir to a considerable movement along Kast Stark street, talk has airaln become current that the Mount Hood Railroad people are about to make some definite announcement concern Inn the plans for starting up opera tions again, miring the week a full block was sold by the Jjtdd estate with a frontage on Kast Stark, to a buyer supposed to represent railroad Interests, and the same estate sold a quarter block on the southwest cor ner of Kast Stark and Kast First street to Edwin Caswell for $11.50". without street improvement. The Im provement will put the probable cost to about $14.00. Mr. Caswell is said to have bousht the property as an In vestment. Rumors hsve been current for some weeks that the Thompson heirs Intend soon to begin extensive build ing operations. J. N. Teal said on the subject a day or two ago that while nothing definite hail been decided upon by those In Interest, tho advisability of Improving the various holdings is always up for consideration, and that when sufficient Inducement shall be made, the heirs of the estate will be ready to meet it and build to suit tenant- Ruildlng Gains SOO Per Cent. November building permits reached $319.C50 yesterday, a high mark for the month. Compared with November. 1907, there is a gain of over SUn per cent, but as is well remembered, there was a .month of depression in the building operations of Portland as well as elsewhere, so that the per centage is not a fair gain to boast of. There is nevertheless a marked in crease In buildings compared with the past three or four years, and from present indications the Winter of 1908 will show a greater number of largo buildings constructed or started than in any previous year In the history of Portland. For the month to date there have been "79 permits Issued, carrying valuations of $!M9.'.!S: for the week Just ended there were 63, with JSfiP.410 In valuations. The tone of the market continues to be most satisfactory to the trade, snu not a singrle complaint Is made among- dealers. The small stuff han dled, when totalled up. makes a hand some amount of business. Only deal ers that handle strictly Inside prop erties report dull times, and even they say the market looks good. Holders are backward In letting go of the sort of thing buyers are after good income-hearing propositions. This class of realtv In Portland Is so strongly bel.l t!iat It Is practically out of the market, and Investors are beginning t- realise that unimproved property Is the kind that must be taken from now on. or at least until buyers are willing to advance offers materially. This di es pot mean that bargains are hard to find In Portland realtv. for there are as many ss ever outside the lnoome else referred to. BANKERS MUST SERVE TIME Pennsylvania financiers Are Fonnd Guilty. riTTSBl'R. Nov. . A v.rdirt of guilty as Indicted was returned by the jury in the I nited States Court today In the case of C. E. Mullji, cashier, and R. K. Hifsen. president of the defunct Farmer & Merchants Pank of Mount l leasant. Pa., and fcl P. Stelnman. for tn. r president of the Acme Lumber Com j'.vny. Tne Indictment charged Cashier Multtn w'th misapplying funds of the bank, and Hissem and Steinman with aiding and abetting Mm. The shortage. It is alleged, amounted to $1'.'""- TTtere are 19 counts in the Indictment, and on each count the three defendants are liahle to from five to ten years in the jw mtent.sry. A motion for a new trial Kill be made. FINE HOUSES NEAR COMPLETION .!(.. . . " .. : - S 1 " r ' "" M.. ,i-r.,il ininiT - X .13. MENETE IC IjAUGEL w i ; GREAT STRIDES IS BIHLDISC MI CH COXSTKCCTIOX AYORK IS NOW VXDER 1VAT. Ilev iew Shows Progress on 2 1 Struc tures Thnt Will Add to City's Iiti!.inos Facilities. Progress on new business buildings un der course of construction show the fol lowing a the condition to date: Meier & Frank Company Fourth tier up. or two stories above ground, of steel Interior. Bluinauer-Frauk Prug Ompany Three stories concrete walls in place, awaiting setting of constructive material. Kosenblatt Hotel Four stories up; work on fifth started. Pacific Paper Company Roof going on; work on interior to start at once. Lombard Basement and first story com pleted. A. C. Crawford First story up; work started on next story. C. K. Henry Basement walls and pier bases In. Lewis Estate Kxcavatlon completed. Omlhus Transfer Company Joists set for first story: basement floor being laid with reinforced concrete. W. F. Fuller & Co. Concrete and ce ment matte and side basement walls in place. Irwin-Kodson Company First story about finished. Portland Public Market Cold Storage Company Kxcavatlon under way. Young5 Men's Christian Association Work on fourth story. Wemtne Garage Interior work being finished. Sinclair racking Company Nearlns completion. Armour Storage Warehouse Nearlng completion. Crane Building Nearlng completion. Imperial Annex Steel forms for first story being placed in position. Orendorff A Parlln Nearing completion. Wallace &. Ievlin Concrete work ta.-ted. Barr Hotel Excavetlon under way on addition. Your.g Women's Christian Association Re arty for occupancy. Oregon Hotel Annex-First three atorles occupied. , Studebaker Building W ork progressing on baement story. . This list does not include churches, apartment-houses, ledpfs. school houses or halls, a large number of which are started cr are naring completion. Completing SIHwaukle Sawmill. The Hawlejr sawmill at MUwaukie la xYDixaJarrsgg. it .elm, - ji- - . fA i.i is r-...-.-5 --' -I tii - 5?4 tui - : f f. T1 J 4 j.iULIP BUEHNJCB 276 PRETTYriAN AVE being completed and will be soon put Into operation. It will be used to cut up logs for use In the paper mills at Oregon City. Logs will be brought to the mill at Mil waukie on trains run over the electrio tracks, where they will be cut up Into blocks and shipped to the pulp mllls Ahout 15 men will be employed in and about the mills. SALES OF KEXIIWORTH REALTY Advance of 25 Per Cent Made In Price of Lots. T. H. Compton reports the sale of three lota on Gladstone avenue. In Kenilworth, at the rate of $600 per lot. including the cost of improvement on the street. The price raid was about 25 per cent in ad vance of the price of lota In Kenilworth brought before the Improvement of Glad stone and Francis avenues. The rates of Increase In the price of lots and other property In this suburb have been about the same per cent. When first proposed the improvement of these two streets was opposed and the work held up for a year, but both now have been completed and accepted. Several other streets are to be Improved the com ing year. A nrehouso and engine have been asked for and the request approved by Chief Campbell, and the measure prob ably will" be granted so they can be erect ed some time next year. It is proposed to erect the eradne-house on high ground so the engine can afford protection for a large district. Next year streets will be extended northwaVd across the Powell Valley road so that an engine located on the highest point in Kenilworth can reach the growing district to the north, includ ing Waverlelgh, Richmond and .Waverly tracts. The suburb of Kenilworth made greater progress last year than for ten years be fore, all through the Initiative of the Ken ilworth Push Club. Building Association Formed. The Portland Building Association, composed of several well-known build ing firms, has been organized, and will make a business of erection of buildings. The first structure will be put up on the corner of Ainsworth and Mallory avenues, and will be a two storv dwelling. The first story will be built of Phoenix and St. Helens stone, and the second story will be of frame construction. A. FT. Faber Is the architect for the association. Police to Read Palms. SAN FRANCISCO. Nov. 28. The fln per print system of identification has been installed by the local police de partment to aid in the determination of the identity of suspects. A full rec ord of the palm and finger-end prints of all prisoners will be kept in future i fhn sonnrstu necessnrv to a elosa study of these prints has been secured. OLD MUST MAKEW AY Antiquated Buildings Will Be Replaced by New. TRANSFORMATION WOW ON Operations Continue to Go on With Unabated Vigor In Portland and Increase Is Looked for When Spring Comes. Two frame buildings occupying the southeast corner of Washington and Thirteenth streets are offered for sale, according to placard on the premises It is reported that the owner of the ground, Martin Winch, has commis sioned Architect W. I. Morgan to pre pare plans for a two-story brick build ing for the site. The lower story is to be made into storerooms and the upper for a rooming-house. One of the most Important leases an nounced last week was that of the Com mercial building at Second and Wash ington, formerly occupied by the Title Guarantee & Trust Company. The Port land Railway, Light & Power Company Is negotiating for a lease for a long term of years of the main room and private offices on the upper floors. m Fifteen new houses have been erected r ti. Atll.tnn in tViA lanf few months, ranging In price from 2700 to JS0W. Plans are being drawn for the Bollam Investment Company for Its proposed building at the southwest corner of Fourth and Everett streets. The build ing la Intended for occupancy by Chlnese. Emil Schacht la the architect. Building Inspector Dobson, backed up by Fire Chief Campbell and. the" Mayor. 4,4 ecrVit niralnst hnvlnCT brick Wall thieknesa outside fire limlta reduced to eight inches. Mr. Dobson stnenguienea vta Mntntinn ri to daneer to life with letters from authorities In a number otj cities. The Veteran Land Company is planning to erect six residence buildings at Gold endale. Wash., aa a speculation. r . linn.. rt VftHWlllVPr Wash.. announces that a new theater Is soon to be erected in the garrison city. County Commissioners have under con sideration the erection of a 300-foot span bridge at Troutdale over Sandy River. Tho bridge is now estimated to cost 30,000. Alterations have been made in the original plans , for the Carnegie library at The Dalles to conform with the amount of available funds. Among building permits tessued the past week are tho following. For two story frame dwelling on East Twenty ninth street, betwwn Broadway and Schuyler. H. H. Hawley. 3500; two story frame dwelling, Barr road, between Forty-eecond and Forty-thh-d. .1. K. Gib son. 00: A. H. Hickman, 782 Multno mah. 1-story concrete building, $.1750; two-story frame dwelling. Fifty-sixth, between Burnolde and Ankeny, S. M. Vemard, MOOO; Meier & Frank Company, corner Sixth and Aller, 45O.O0O; two storv frame residence. Twenty-fourth, between Qulmby and Pettygrove. R Lutke, J5O0O: two-story brick veneer apartroent-honse, Tenth, between Hani son and Hall. I. A. Peters. 20.0Q0. Spokane Intends to have a separate building of its own at the Alaska-Yukon Pacific Exposition. Plans are being drawn for the proposed structure. The W. P. Fuller & Co. building, at Twelfth and Davis streets. Is to be of five stories on Twelfth street and four on Thirteenth. Foundations are In place for the structure, which Is to occupy the entire block. D. C. Lewis Is the archi tect. Graders are at work to the west of the Spokane, Portland & Seattle Rail road passenger and freight depots, on Hoyt street. This district is rapidly as suming a first-class appearance and the leveling of the terminal grounds for the new railroad adds much to this Improve ment. Architects Clausen & Clausen have i - Jt ... o a fnr construction of unaiucu the building for S. Natuscher to be erect ed on Couch street, between joirsi mu 8econd. The building Is to be used for stores and rooming-house. It will oc cupy ground 60x100 feet w .r rr whn Intends to recon- J. in. Aniin.. .... . - struct and enlarge the Barr Hotel, de stroyed by fire some montns ago, an nounces that work on the new building has been stopped until Spring, as ho pre fers to have the building put up In good TT-rcavatlon has been partly finished on the lot to the south of the old hotel. Plans for the new building have been prepared and accepted by Mr. Toomey. Portland Is aptly called the Philadel phia, of the Pacific Each of these cities is about 100 miles from the sea, each is noted as a city of homes, each Is the second city" In point of size on the re spective coasts, each Is Important in manufacturing, both are making rapid progress In building operations. BTTIXD NEW HALL AT BROOKLYN Building to Be Erected to Provide Pnbllo Meeting Place. The Brooklyn Hall Association, an ad junct of the Brooklyn Improvement Club, has decided to go on with the erection of a two-story frame building on Powell and East Thirteenth streets. A year ago the association purchased a lot at this place a i . -v- i. i- trained at H20O. wi i vnj. uiu uic mi At a recent meeting of the association the c i rectors were autnonsea w v.-" -the erection of the building. Over was subscribed In stock which, accoroing to the report of Treasurer A. L. Keen an. makes a total-of $3000 of the stock taken. Several members of the Hall Association v. . . DI4iHnn9i to what they had already taken and other members doubled their subscriptions. The building it Is proposed to erect will be a two-story frame 100x50 and will cost ,.,. tin em t. R T)aue has prepared tentative 'plans for the structure, which will probably be adopted. This building i . . . .. V. nf n is need of a OUbllC IB iuo wui.swwn, v. - hall and a permanent home for the BrooK- ... . . ninh lvn Republican ana imiuui one of the oldest and most effective Push light Is president and it has a large mem ,ci,fn Tn hnilHlnfir will be owned and controlled by members of the club. PLAXS SEW HOUSE OX CREST C. I. Linde Designs Appropriate Building for Hillside Site, The sunny slopes of Council Crest af ford opportunities for home-building of which many are taking advantage. It has a large area of Improved land, with vistas of the Willamette Valley and Tualatin Plains, and upon which fine dwellings may be erected without being incongruous to the surroundings. Among the homes to be built and to be occupied by the owner, will be the resi dence of Mrs. Carl L. Linde. It will be a frame building with a rough cast plaster exterior finish; a cement concrete foundation, mission tiles" for the roof; costing in the neighborhood of J5000 and will have much Individual arch itectural beauty. The surroundings are thoroughly tn keeping with the style of architecture and with its excellent location will stand as a desirable residence. Its general dimensions are S6x26. The building was designed by C. L. Linde, who Intends to put the drawing on ex hibition at the next architect's. show. WILL TESTIFY FOR 30 DAYS Standard Oil Magnates to Go on Witness Stand. NEW YORK, Nov. 28. "While there has been considerable gossip recently con cerning the probability of John D. Rocke feller and John D. Archbold seeking im munity from any possible future criminal prosecution on the plea that their testi mony given in the Government's disso lution suit entitles them to such, counsel for the company lay absolutely no stress on such a move. They said yesterday that no Importance whatever was at tached to the immunity question, inas much as in their opinion the possibility, of criminal action against Mr. Rockefeller and Mr. Archbold was too remote to be taken seriously. The Standard, tt Is said, will occupy almost every day in Decem ber in the presentation of testimony. This would seem to indicate that after Mr. Archbold concludes his testimony and William Rockefeller and James Moffet have been called, experts will be put on the stand by the defendant company in an attempt to offsot the Government's contention that pipe lines are in effect common carriers. Witnesses from Cali fornia will also be summoned to tell of the company's operations in that state. The hearing goes on again Monday after Wednesday's adjournment. Frank B. Kellogg, special prosecutor for the Government, Is still raking the country for the court records which dis appeared so -strangely at Cleveland, O. Copies of records used by Ida Tarbell in the preparation of her article on Standard Oil are in Mr. Kellogg's pos session, but this data, it is said, is incom plete. WILL NOT HANG MURDERER Chicago Judge Inflicts Long Prison Sentence. CHICAGO. Nov. 28. While not men tioning the so-called "unwritten law," Judge Mc3urley drew a distinction be tween what he terms "domestic crime' and an "anti-social crime" yesterday in sentencing Santo Porcaro to 25 years in the penitentiary. The defendant shot and killed his wife and severely wounded Frank di Trento, who boarded at their house, July 22. Porcaro accused Dl Trento of aliena ting his wife's affections. In deciding the case. Judge McSurley said: "This defendant has pleaded guilty to having murdered his wife as charged In the indictment. It rests with the court to determine his punishment- The case more properly comes under the classifica tion of a domestic crime as distinguished from a crime distinctly anti-social. "The man, having bo criminal instincts at all, may be driven to the commission of a crime where the sanctity of his home is Invaded. This seems to be a primary instinct and Is confined to no one class in society. Taking all these facts into consideration, the court will not Impose the death penalty in this case, but will sentence the defendant to the penitentiary for 25 years." Electrocuted for Wife MaTder. AUBURN, N. T., Nov. 28. William Robert Brasch, the Rochester wife mur derer. In whose case Governor Hughes refused to interfere, was electrocuted in Auburn prison today. The crime for which Brasch was executed was the mur der of his wife. Roxanna, whom he pushed Into the Erie Canal at Rochester on the night of June 16, 1905. He killed her that he might marry May Gilmore. of Defiance, O. NEHALEM BAY LAND COMPANY Room 3, Chamber of Commerce DON'T rORGET you have only 17 days in which to secure a lot in NecarneyCity for $75 'TIS OF THE HOME WE SPEAK It should he well lighted and heated. We have the latest improved designs in lighting fixtures, mantels, . grates, dogirons and andirons. You should investigate our line and prices hefore buying. M. J. WALSH CO. Electric and Gas Work in All Its Branches Promptly Attended to. King Either Phone. 311 Stark, Between Fifth and Sixth. Open Saturday Evenings. Way back in May, 1887, there was an agreement drawn up by the owners of IRVINGTON, as it was then platted, and the owner of that portion of IR VINGTON that is now designated and described as PROSPECT PARK, which agreement is on record, and is, in part, as follows: "That, whereas the said parties are now the owners of that part of the Wm. Irving Donation Land Claim lying East of the town of Alhina, and not heretofore laid off into lots and blocks, and it is deemed for the joint benefit of all parties that the same should be laid off uniformly . . . that the said first party (owning what is now called PROSPECT PARK) not being desirous at this time of laying off or dedicating that part, desires to secure the laying of the part of the same owned by the other parties on such a plan as may be in conformity with the plan on which the owner of the first part uj : wt !iii!!!!t Jfote OB the above pint fhat the diagonally rnled portion Is IRVrVG TO". the cross rufed part being that part of IrviDUton called PROSPECT PAMf. Observe that PROSPECT PARK i just one block east of the Uniom-avenae carlines. desires when the same shall be laid off and dedicated as a Townsite. ... I, said Elizabeth Irving, have and do hereby covenant and agree with (parties of the second part) that when the tract of land so now owned by me (which is the tract now designated as PROS PECT PARK) shall be laid off into lots and blocks, that it shall be laid off in accordance with the plat hereof herewith filed, and not otherwise, as a part and parcel of said general plat of 'IRVING TON,' and with numbering of Blocks and names of Streets as shown in the accompanying plat." This agreement between the owners of the entire tract of IRVINGTON, definitely determines that the portion of IRVINGTON that was later platted and is now named PROSPECT PARK was included in the original platting of IRVINGTON. The name PROSPECT PARK was given to thia part of IRVINGTON by its owners for the express purpose of distinguishing it from the rest of IR VINGTON in advertising their property for sale, the owners wished to throw all of their energy upon this particular part of IRVINGTON, hence the name PROSPECT PARK. PROSPECT PARK is the choicest part of IR VINGTON. the highest part of IRVINGTON PROSPECT 'PARK a hundred and ninety feet above First and Washington Streets. has improvements already installed that have cost $250,000 a uniform plan of improvements car ried out over the entire addition, PROSPECT PARK has the finest system of drainage, sidewalk and street improvements in the Northwest. a ten-minute car ride from Second or Fifth and Washington streets on the Woodlawn or Alberta cars, getting off at Knott street, walk one block east. -the booklet, "Prospect Park in the Making," gives a most minute description with illustrations of the character of improvements in PROSPECT PARK, and should be in the hands of every person interested in high-class residence property. at our office these booklets may be had as well as any other information that may be desired concern ing PROSPECT PARK. Price $1000 and Up, Favorable Terras ROUNTREE DIAMOND 241 STARK STREET Eastside Office, Corner of East Seventh and Knott Sts.