The Sunday Oregonian. (Portland, Ore.) 1881-current, December 13, 1908, SECTION THREE, Image 32

The Sunday Oregonian., December 13, 1908, SECTION THREE, Page 8, Image 32

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Newspaper Page TextTHE SUNDAY OREGOXIAX, PORTXAXD DECEMBER 13, 1908. REALTY DEALERS AGREE IF! OPINION Big .Deals Said to Be Nearly Closed Up, Probably Be fore New Year's. ASK FOR NEW POSTOFFICE Senator Fulton Secures $2, 500, 0(H) in Proposed Bill, Which Causes Some Excitement Among Deal ers and Brokers la City. PT JOHX J. HARRISON. There hu been no time in recent years n-hen uch a unanimity of opinion was held by realty men concerning" the con- Portland people were just beginning to realize what they hare here. H said realty la bound to be the very beet In vestment possible to And anywhere. Good Progressive Bu'lding. Good progress is bein made on the various big buildings under way. and the same la to be said of the smaller ones, residences particularly, so that by Spring there will be a great addition to the number of completed structures In Port land. Upon the opening of the new year Indications point to an even greater building movement than ha marked the past six months. Among the notable buildings to be started Is the one to oc cupy the Pennoyer block. Announce ment on the premises in the form of an Immense billboard informs the public that work is to be started next 8pring on the building, and that It Is to be occupied by Olds. Wortman A King. Now that this big building seems to be an assured fact, there is consldersble Inquiry for realty In that vicinity, but the more deilrable pieces In the immediate vicinity are strongly held. The completion In a few months of the Rosenblatt Hotel, facing the site of the big store, will add value to the locality.' Alder street Improve ments are extending rapidly toward the .. .nil thnt street is making more marked advance than probably any other centrally located thoroughfare. Another , bit of activity, in the North . i .. i. in .vM.nc Two auarter blocks on Fifth street are reported trans ferred, although particulars are not given out at ' present. Prices are said to be about on a par with sales maae in me past ' few. months. tm ...mmino- nn th tnn nf the market. It might be likened to electrically sur- RECORD MUG Permits Now Exceed Total of Last Year. - ACTIVITY MOST MARKED Official Figures Show Value of Xev? Structures Projected to Be in Excels or Ten Million Dollars. Building permits for the month to date were J27 in number and I5SJ.170 In estimated cost: for the week ended yesterday there were 71 permits Issued amounting to a total estimate of $136,- 745. The total amount for the year to sate is $10,031.24. or $584,264 In ex cess of the total for the entire year of 1907. These figures, compiled from the " I till, .V I I L.arf . In : .. ! - : ' . . j7 i - v J 1 4 s? ! - M4.-iii.fc i Ult.fe J 1 W M ... 5 f -'f ' ' -T ... 111 ,- "' V' . "''Mi 1 hi ... 4jW,w wy.v-..yjJW,STijt 2, . J -x. r '!.tV: ? ---v , , HixDsosre hew residence: p rose.vthai. sistbrs, cm lovejoy stAeet. Jltlon of the Portland market as exists today. In every office one Is greeted with smiles and words of confidence concern ing the outlook, and no less than six big deals for inside holdings are about ready to close up and be announced. Those not directly Interested In realty deals may not understand why publicity Is withheld when buyer and seller agree tm price and terms, but it is a well-known end well-established fact that with most realty men a deal is not considered safe to announce publicly until every precau tion Is taken to have the transaction stick. Several things are liable to happen to call the whole thing off before final papers pass. The abstract may show a clouded title: something may arise that might prevent the prospective buyer from coming through with his deposit or first payment: a "piker." upon learning of the deal, might come forward with a higher offer and scare off the seller: in fact, there are numbers of contingencies possi ble, any of which would upset the deal. Will Have New Postoffice. Cms of the announcements last week that will start speculation once more among realty men Is that Senator Ful ton has Introduced a bill in Congress authorising the expenditure of J2.ty0.000 for the purchase of a site and construc tion of a new Federal building in Port land. A new postoffice Is regarded as Im peratively necessary for the needs of this city, and It is generally believed that the present building is required, or one of MmJlar slxe. for the ITnited States courts and other Government uses. The small ' blocks In Portland render it In expedient to erect a new building large enough to accommodate the postoffice and furnish quarters for the other ranches of the service. Another site, therefore, must be secured, and while rumors have nettled the choioe In the neighborhood of the present building, so far as is known no definite action has been taken at Washington with refer ence to another site. Considerable figuring is going on for the acquisition of big timber Interests down the Columbia, but as these details are of frequent occurrence, and Interests In ex isting companies change from time to time, the recent reports have no great amount of interest to the public; and be sides, those concerned say they have nothing to announce at present, further than that a deal is being talked of In which one of the largest concerns on the river is a party. No permit of unusual amount was Is sued during the week, but the record shows about the normal total. There continue to be the same number of per mits Issued for new dwellings and apart ments that made the past- few months so noteworthy. The great East Side shows no falling off 'In the remarkable building operations that have attracted the attention of all who keep track of the growth of cities. In November there were lt& new dwellings authorized by the Building Inspector, against 67 for the corresponding month of last year. For the 11 months of lsst year there were K74 permits Issued for East 3ide resi dences against 1S49 last year for the same period. The number of residences tor which permits were Issued In the en tire city in November was 177; for the 11 months of the year. 3S34. Portland Well Known East. " Prominent residents of Portland who have made recent trips East ssy on their return that the fame of this city as a place for investment in realty has spread to a great degree in the last two years, due principally to Its rapid growth and Its avoidance of boom features. The suc cessful advertising campaign that has been prosecuted by the commercial bodies of the city al has had good effect. T. R. Wilcox, who returned from an ex tended trip a week ago. said in an In terview that he found Investors in the East well informed on conditions In the Factflo Northwest, and quite ready to place money In enterprise here. He said that In financial circles he found Portland to be well-known as a good place In which to lnvt. In the way of loans and realty. Mr. Wilcox made a remark on a streetcar during the week, when ad vising the, owner of a Washington-street corner to hold on to the property, that charged atmosphere. The air Is full of rumors and there is reasonable expecta tion that one of the liveliest time ever known in this city and surrounding coun try will be experienced between now and early Spring. CRY FOR CHEAPER MATERIAL Good raving Wanted, but Citizens Object to Overcharge. East Side prop?rtyowners are Inter ested In the outcome of the Investigation of the rockcrushing question by a spe cial committee recently appointed at an Bast Side massmeetlng. They are "in terested for the reason that many miles of streets are to be Improved, possibly with crushed rock, or hard pavement, and are anxious for cheaper material. In Multnomah Addition ten miles of paving ts being done, but much of It was held up and retarded for want of crushed rock, according to the property owners. More miles rf streets will be paved on the East Side the next year than ever before. I-anre additions to the territory of the city have been made, and these suburbs are coming in with petitions for Improvements. Montavilla wants Im provement. The district between Sunny side and Mount Tabor Is asking for street Improvements, and Sell wood Is after more paved streets. Other suburbs Piedmont. North Alblna, Woodlawn and portions of the Penin sula want paved streets, and double the amount of paving material will be used over last year, hence property owners are anxious to know where it Is all to come from and what must be paid for It. Property owners do not care wheth er the city or private concerns supply the material, so they can get It at reasona able rates and they declare they are going to get It somehow, and cheaply. FORM DEVELOPMENT LEAGCE People of Piedmont Organize for Advancement of Suburb. A large percentage of the residents of Piedmont met at the home of L D. Wiggins, 1212 Vancouver avenue, and formed an organisation called thePied mant Development League, having for its objects the material and social ad vancement of Piedmont. Lu D. Wiggins was elected president and J. w. Buckley secretary. A propo sition to build a club house in the tract, similar to the one in Irvlngton, was re ceived very favorably, and the Invest ment Company has signified Its wil lingness to assist the members In the movement, and designated a large block of ground that could be secured for the club house and tennis courts. The subject of street Improvements was discussed, and It was the unani mous opinion that the tract should be Improved with cement sidewalks, and the streets put In a good, serviceable condition. Owing to the fact that the district has no sewer system, or gas mains, and that the water pipes are rapidly becoming Inadequate to supply the demands made on them. It was de cided that it would be a very unwise proceeding1 to even consider any hard surface pavement at the present time. Owners Anxious for Carline. Agitation for a streetcar extension on the Section Line road has been resumed. It is desired to get the Hawthorno sve nue line, which now runs to West avenue, built out the Section Line to a point opposite Kelly Butte, or tlje Kelly farm. It is argued that this extension would permit the handling of the output from the county quarry should the cltv ever go into partnership with the county In the rock-crushing business. It is re ported thst the property owners on the Section IJne road are willing to give enough of their property to make the road 80 feet wide If they can get a streetcar line. Coal! Coal! Coal! Gibraltar screened lump: no smoke: no soot. Gusranteed weight. ' Prompt deliv ery. Oregon Fuel Co. A 16S5; M 65. official records, speak eloquently enough without further comment. Through negotiations by Van W. An derson, E. J. Daly sold to Charles Gauld three lots on Portland Heights for S6000. It Is the buyer's Intention to erect a modern residence on the tract. A network of reinforcement Is being placed on the first floor of the Imperial Hotel annex and steel rod uprights for the first story are also in place. Con crete construction will start In a few days. Material is belnr assembled in large quantities on the Lower Peninsula for early start of work in the construction of the various buildings for the Union Meat Company's big plant. At Kenton several houses are under way and work of grading and further laying put of streets Is progressing. Whidden & Lewis have been commis sioned by the board of directors of the i Arlington Club to prepare plans and specifications for the new clubhouse that Is to be erected on the park block facing Salmon street. Slnnott & Stnnott and Isaac Swett. who own the lot on the northwest cor ner of Tenth and Burnslde streets, have under consideration the erection of a modern building on the site, the height to depend on requirements of tenants. The lot was bought from R. B. Larason about two years ago. As outlined at present there will be four stores on the ground floor with the other stories de voted to apartments or rooming-house. Cornice line of terra cotta is being placed In position on the finished fifth story of the Rosenblatt Hotel. When this is finished the Interior sixth, story will be built and the whole put -under roof. The building of the Pacific Paper Company at Fourth and Ankeny streets Is under roof and work has been start ed on the Interior, which will be rushed to completion. The company expects to move Into its new quarters soon after February 1. Bennes, Hendricks & Tobey will be ready to turn over the new Chandler Hotel at Marshneld so that It may be opened for guests about the first of the year. The hotel Is five stories in height and Is along the same lines of architec ture as the Cornelius Hotel In this city. Two carloads of furniture were sent down on the Alliance last night to be placed In the hotel. Joseph. Jacobberger has prepared plans for a $3000 bungalow to be built on Portland Heights for Henry Prud-homme. The six-story reinforced concrete building at Eighth and Everett, being erected by the Labbe estate for Blu- mauer-Frank Drug Company is ready for the roof, work on which will begin this week, Bennes, Hendricks & Tobey are the architects. Mall & Van Borstel have sold for Frank J. Richardson to H. T. Hudson 50x100 and four-tier flats situated on the north side of Northrup street be tween Twenty-fourth and Twenty-fifth street. Consideration was 112,000 cash, and the income Is $110 per month. Mr. Hudson bought this property for an in vestment. E. J. Daly reports the sale of the quar ter block on the southweet corner of Fourteenth and Overton; consideration. 122.500. There are four xottages on the property, which Is In the heart of the warehouse district; besides the trolley track on Fourteenth street will probably be discontinued and a railroad switch substituted. The property was owned by I EV Kern: The name of the purchaser will be given out later. He also reports the sale of one and one-half lots at tne head of Lovejoy street belonging to the A 'PRO OTSSIVE 8AOTA GLADS Did you ever stop to think what becomes of your Christmas presents year after year? Perhaps you can show some of them today, but have any of them ever increased in value? Don't let this Christmas pass without making the most valuable gift possible. Make a payment and get a contract for a lot at SWINTON. Present this to some member of .your family whom you are most interested in as to their future. If they happen to be making their own living, have them keep up the payments of 2 per cent per month. Almost any one can do it if they try and this obligation will be the making of them. The recip ient of such a gift will look back to the Christmas of 1908 as the brightest and most substantial of all. Every man, woman and child should own some real estate in Portland these prosperous days, but the best opportunities are now offered on the Peninsula. The richest men in America made most of their money in real estate. ' If you are not thoroughly convinced that Portland will be the New York City of the Pacific Coast you will not deny that it wdll grow many times greater than it is, hence the values of real estate will increase step by step with its growth. . . .- - . Only a few reasons why Portland should he the largest and hest city in the West: It is the only fresh water harbor on the Pacific Coast. Has five transcontinental railroads. Is the healthiest city and has the lowest death rate of any city in the United States. It has an unlimited sup ply of pure water. It is the first in lumber and wheat exports on the Pacific Coast, and above all is a city of homes. ' Hundreds of houses are contracted for in Swift & Co.'s townsite, Kenton, for their employes. Kenton is near SWINTON on the west and is one and a half miles south of the packing plant and stock yards A trestle of that length is alreadv built and streetcar rails laid thereon. By early Summer this industry which is going to make a new Portland wiU be in operation. Part of SWINTON is only four, blocks from Piedmont and is but three miles directly north of the Steel Bridge. Two city railroads are projected to run through SWINTON, as it is the center of the peninsula. SWINTON building restric tions will make it first-class residential property. Columbia Trust Company are grading the streets to city engineer's stakes and putting-in mains through each street for Bull Run water. While this improve ment is going on we are making a reduction of 10 per cent oh the price of our lots. We have made a new record for the sale of subdivision lots in Portland. Over 850 lots have been sold since the middle of Sep tember which leaves less than 200 unsold: At this rate they will all be gone before Christmas. Each customer is a booster and most of them intend to build. Already numerous contracts have been let for substantial houses. Values will surely double in a year. ' We will continue to fun our automobiles out to SWINTON to show our lots while they last. 'Any day and any hour vou elect, but by all means don't put it off. Get your choice while you can. Already some of our early purchasers have made good profits selling and reinvesting in this very propert COLUMBIA TRUST COMPANY SEVENTH FLOOR COUCH BUILDING FOURTH STREET NEAR WASHINGTON Barker estate to W. B. Peacock; consid eration, JS250. Mr. Daly also reports xnm sale of the lot on Willamette Heignis, belonging to Earl M. Wilbur, of Berkeley, Cal., to H. W. Stone: consideration, J1500. -.! i. K .ar.H h thn Mult- nomah Club for four acres of land ad joining the present holdings of the club at a consideration of $60,000. The ground is part of the King tract and If the scheme-goes tnrougn is imu iu the intention of the club to erect a new cluotiouse and enlarge the field. Saio were made last week by Otto Harkson. as follows: Harrald Johnson's sso.acre farm In Benton County to James McDonaugh. for 110.000; O. F. Wlcklund's 10-acre farm near Clack amas, to L. Rasraussen, . for $3500; four lots at Arbor Lodge, formerly owned by Frank Butterfleld, to Albert Larson, J1300. E. J. Dalv anal W. G. Fox have pur chased from the Oregon Iron & Steel Company a river front lot containing about two acres opposite the Rock Island Club, with a river frontage of about 300 feet. In Wheeler Addition, P. H. Schulder- man has Bold to L. L. Matlock, lots 7 and S. block 37, for $18,000. This property Includes the old Holiariay Hotel building on the corner of Hoi laday avenue and Adams street. Th building Is an old structure and a land-,..-i, ir, that nnctinn of the East Side built by Ben Holladay In his reign as railroad king in this state. The Ladd estate sold to Edwin Cas well and J- Raymond Rodgers lots 7 and 8 block 21. East Portland, for 12,500. Charles K. Honry & Son have sold to a local man th southwest corner of Fifth and Couch streets for $40,000. The property was owned by James Mc tevltt and is occupied by the Uncle 8am Hotel. They also sold to another local man the northeast corner of Fif teenth and Marshall streets for $16,000. The buyer will at once erect a four story warehoure and office, costing iiA nno fnr thn fieneral Electric Com 1 ChanMttBllir V V Th 1 S Site f'tlll J . VI --- Is opposite Marshall-Wells site, and on the new Fifteenth street rail line. They , h. If R Wells to J. C. Bracher, a timberman. a residence ac vanf Twentr-flrsft and Hancock for $7,000. Vajiduyn & Walton report the fol lowing sales: The Majestic apartments. Clay street near West Park to William Fuqua, consideration, $20,000; 100x100 feet corner Northrup and Twenty-fifth . Salesrooms: 311 STARK ST. CHRISTMAS The Feast of Light - Is just the occasion for giving a Hon u till) I electric lamp dome or shade, for the festive season de mands plenty of light. Beauty, fitness and moderate prices characterise our magnificent stock the designs are plain or or nate, from classic to modern. Let us make the youngsters happy bv wiring the tree safely with elec tric bulbs they cost little but In sure much. M. J. WALSH CO. streets, W. M. Hunt to Lena Revlers, $10,000; 38 acres unimproved near Tl gardsvllle. to W. Fuqua, for $5000; cor ner Montgomery and Eleventh streets to A. W. Smith, for $7500; fractional lot on Northrup street to Mrs. Caro line Koerber, $2000; two lots corner Killlngsworth avenue and Gay street, to Airs. L. Sharp. $1350; 10' acres near Ints to W. Fuqua. $.W0; corner Kest Washington and Twenty-eighth street to C. W. Helmer. $1250; one lot on Kill lngsworth avenue near Denver to A. H. Barkman. $S00. fHf ? f ! FOR STORES, Modern System of Lighting HOLLOW WIRE Gasoline Lighting Systems HALLS, CHURCHES, THEATERS, FACTORIES, RESIDENCES, STREETS, ETC. They light rery easily, and give a clear, steady, cheerful white light, which is superior to gas or electricity. They are not expensive to install and they cost less to operate than kerosene lamps. Another advantage is that they may he rejrulated to give from 200 to 800 candle power. They are guaranteed to give sal isfa?tion. Writ for catalogue and prices. We also carry in stock extra parts and supplies for all makes of gasoline lamps and lighting systems. H. W. MANNING L. & S. CO. 43 Third Street, Porland, Oregon TeL Main 2311, A 2311 11 Suitable Xmas Gifts Something In the electric cooking line. Something in the electric fixture line. Something in electric novelties. Something In an electric stand lamp. We Have Them AH GET Ol R PRICES AND SEE THE GOODS. WESTERN ELECTRIC WORKS NO. 61 SIXTH STREET, PORTLAND, OR. Phonn Main 16, A 16!).