-1
THE SUNDAY OREGON IAN. PORTLAND, APRIL 23, 1909.
BIG SALE HELPS
PROPERTY MARKET
Owners of Other Tracts Ex
pect Only Good Results
From Ladd Farm Deal.
GREAT STRIDES IN GROWTH
Vacant Lands Rapidly Disappearing
in Furnishing Sites for Hun
dreds of Xew nouses in
Course of Construction.
BY JOHN J. HARBISON.
The subject of greatest interest the past
week in realty circles, and the one caus
ing more comment than any deal in
months, was the announcement of the
ale of the Ladd farm on the Kast Side.
For many years this big tract of vacant
jrround. located in the middle of the East
Bide, has oeen regarded with envious
eyes by every real estate man In the city,
and up to Friday there were several
leading firms that had hopes of being
able successfully to negotiate for Its pur
chase. It remained for the Henry syn
dicate to get the plum and the men in
terested have been receiving congratula
tions from all sides.
Mr. Henry in the last year negotiated
three deals that ran Into the millions,
and his other operations Involve large
Amounts also. He handled the Judge
Gilbert tract at Guild's Lake for t!5,000;
the Wilcox purchases footing over $500. -000,
and has done much toward locating a
number of wholesale people and manu
facturers in the northwest end.
Have jGood Effect on Market.
Owners of platted tracts on the Eatst
Side to a man express the opinion that
the placing of the Ladd farm on the mar
ket will have a good effect on the whole
realty situation. A. B. Slauson said yes
terday that the sale of the Ladd farm
was one of the best things that could
have happened to the market, principally
because it means that prices are to come
up in realty values. He reiterated the
statement that Portland values have
been much lower than other cities of the
same size in this country, but a few
transactions on the basis of the Ladd
deal will tend to bring valuations up to
somewhere near what they should be
compared with other cities. He said the
deal also would prove a good thing for
owners of platted tracts In the vicinity
by reason of attracting more buyers, and
those of a high-class in particular.
Fred Jacobs is of the opinion that the
platting of big tracts on the East Side
has not nearly reached the demands for
the Immediate future. He added that
proof of his confidence in that district of
the city is furnished in the size of invest
ments made by his company.
The week showed above average trans
fers for several weeks past. In the week
ending Friday there were 341 deeds re
corded with a total of fil0.383, or an av
erage of over $100,000 a day. Dealers re
port that sales are made dally
of what- they designate "small
stuff In considerable volume as to total.
Some of the dealers that handle only
large transactions appear to overlook the
fact that two $5000 deals equal one of $10,
000. It Is the number of smaller trans
actions that keeps the local market in
good shape. Those who keep close touch
on the market assert that in no previous
year has there been more business done
than at present, and the records bear out
the assertion.
Remarkable Building Activity.
There continues to be the most remark
able activity In new building operations
in practically every district of the city.
April, 1907, had the record for that
month up to the present, but from Indi
cations April, 1909, will take the rank.
This month will have a total of over
$.1,600,000 put into new buildings In Port
land, the largest Mngle amount being
for the Olds, Wortman & King build
ing at Park and Morrison, the first per
mit for this big structure being $500,000
Excavation .on the site is progressing
rapidly and the contractor expects to
have the work practically finished by
May 1. when foundation walls will go in
at once.
Ther are several sets of plans In the
hands of the Building Inspector for large
buildings. One is the Good Samaritan
Hospital annex, another the Friede
Building and still another the Electric
Building at Seventh and Alder. If Mr.
Dobson Is unable to have these plans
checked up and passed upon before the
end of the month they will give a good
start for May. .
Astonishing Growth Shown.
A trip through the Irvington district re
veals a condition in new buildings under
way and street work being done that is
simply astonishing in its proportions
Hard surface work is going down on
about a dozen streets, it being the in
tention of tho residents of the district to
have a whole subdivision paved and side
walks In before next year. But a vis'tor
to the district is struck with the remark
able number of new residences under
Course II f nnnctmiHnn V, : ' .
- " -v.1.!,!. iiio enure irv
ington district Is a beehive of industrial
;nvii.iiy, dwellings rising as if
magic, and the gratifying feature
.ujn., jrvingiomans is- that most of the
new houses are well over the building
restrictions in point of expenditure. It
Is within bounds to assert that no dis
trict of tho oltir o. ,
, , . - J ...... uiiuy uign-ciass
dwellings recently compacted or which
' ! iarien as mis "show ' part
.uo tmi jMue nas. Any resident i
the old West Side who has not seen th
ran or town tor several months will
well renaid for a trin ... n.
- - "icir, uui ne
mUSt KO With an nnflpratDTiln- v.,.
hand that he will return with a less fa-
'"""" upimun or nis own Tart of town
ii ip inrougn irvington.
by
to
of
nis
be
he
Heights Building Vp.
Along Portland Molo-hta o j
. .0..w auu mi across
to Willamette Heights there continue to
be residences built that are rapidly trans
forming the hills Into towns. Mansions
running well Into the thousands in cost
are appearing on all the prominent knolls
and good street work Is progressing fairly
well to make roadways conform with the
general excellence of the -locality.
On the lower Peninsula new plats are
announced every few days, and reports
from all oyer are such as to indicate
that the city soon will be a compact
stretch of town to the Slough and north
westward to St. John. There is consider
able vacant ground down that way yet
to be sure, but it is getting scarcer eviry
started to change It into a street, and
me matter of establishing grades on
the streets is in the hands of the City
Engineer. When the grades have been
established the road may become a
etreet. A petition is being circulated
among property owners already for
hard-surface Improvement, and accord
ing to A H. Metcalf, a well-known resi
dent of the district. It Is being- re
ceived with favor. Mr. Metcalf has 600
leet on the road, but he sava he is
anxious for the improvement to be made
as it win add vastly to the value of
all the property.
Sandy road Is a general thoroughfare
through one of the most prosperous dis
tricts of the city, and where growth
has been most phenomenal for the past
three years. Within that time $500,
000 or more, has been expended in the
Rose City district through which Sandy
road passes. The grounds of the Coun
try Club are a short distance from this
road. It is estimated that it will take
from a year an a half to two years to
get this big Improvement under way
and completed, and by that time the
entire tributary section will be settled
up. Practically, all streets and roads
In this portion of the city merge Into
Sandy road, and at East Sixteenth
street it connects with the principal
streets on the East Side. For the pres
ent year the road will be oiled, and by
the end of 1910 residents hope to see
the Sandy road paved to the city limits.
Double tracks will probably be laid to
Belle Crest.
DEPOT IS ASSURED
East Side Will Have Freight
shed Soon. .
HARD SURFACE FOR SANDY
Road to Country Club to Be Paved
In Near Future.
One of tne biggest Improvements
projected this year Is the movement to
improve Sandy road between East Six
teenth and the city limits with hard
surface pavement, a distance of over
thr-ee miles and at & probable cost of
$300,000. At present Sandy road ts a
county road, but proceedings have been
ROSE CITY PARK GROWS FAST
Suburb Continues to Attract Buyers
of Home Sites.
A. H. Metcalf. of Rose City Park, re
ports remarkable sales of property for
residence purposes In all the additions
In this district. He was interested Jn a
15-acre tract near the carline, which was
recently platted and placed on the mar
ket, practically all of which has been
sold out. In ' the tract -were nearly 100
lots. This is the way residence prop
erty is being sold In that district. Foun
dations for ten new homes were started
during the week. "You will have to see
this suburb if you expect to get an Idea
of its growth." declared Mr. Metcalf.
"You would be surprised at the number
of people who come here every day to
look at property. Few go away with
out, making an investment." ..
It Is expected chat the Rose City car
line will be extended about one mile from
Its present terminus. This extension
Build Cp, Killlngsworth Avenue.
Besides the Jefferson High School
building, new structures are projected
in North Alblna, near Killlngsworth ave
nue, that will cost above $100,000. Will
lam Fragmire broke ground for a three
story brick, 100x50. on Killlngsworth and
Albina avenue, to cost $20,000. He also
has- decided to erect a new frame build
ing on Missouri street and Killlngsworth
avenue, to cost about $10,000. On the
upper floor a hall and rooms will be pro
vided for the proposed new Commercial
Club for North Alblna. Terms aa to
rent have been agreed on.
Another three-story brick. 100x50, on
Killlngsworth avenue, costing $30 000 's
projected. J. H. Nolta has just sold
2"?,,. of 24 rooms and lot 24x94, on
Killlngsworth avenue, for $10,000 cash to
James Denhnlm. -t xrito i .. j '
the erection of a $30,000" modern building
aiiiuigBwonn avenue and Borthwick
street this Spring.
BOOK TRUST IS AT BAY
FIGHTING FOR LIFE AGAINST
MINNESOTA FOLK.
Senate Kills Bill Granting Relief to
Schools, but Revives and
Passes It.
ST. PAUL, Minn., April 24.-Convicted
of tampering with the electing nr i ,
trustees and officers, superintendents and
Ul"er' ,n autnority, and even with regu
lating the appointment of teachers In
many districts, the school book trust is
fighting for its life against the savage
assaults of a section of the Minnesota
Legislature which Is determined to force
some measure of relief from present con
dition. Minnesota is paying from 40 to
?perT-cent morft for lts bks than
either Kansas or Ohio.
The trust is represented on the ground
by Colonel W. S. Morton, of Chicago, a
shrewd legislative agent. When the Sen
ate Tcilled the Cooke bill, providing for
purchase of text books by a commission
with power to prepare and print books If
proper prices cannot be obtained. Colonel
Morton was In the lobby, emillng and
showing evidences of great good feeling
The Cooke bill has been resurrected how
ever, and after a hard fight was recon
sidered and passed by a bare majority.
The House has the same bill and it re
quires only the action of that body now
to make the commission plan a law.
Practical evidence of trust manipula
tion of echool affairs was brought out in
weeks of careful investigation by a leg
islative committee. Tho facts indicated
that in many sections the trust appoints
Its teachers, superintendents and officers
and controls the situation as it likes
The chief protest against the trust is
not the quality or price of Its books, but
the startling frequency with which school
boards decide, upon sweeping changes.
Books have been adopted for some years
back, introduced into tho schools and
swept out before the pages showed thumb
marks, by the Introduction of new books
of tho same kind, generally upon argu
ments that the books first used had been
mace- worthless by the great superiority
of the newest trust product.
T.mhf rwSthas succ"ded In passing'a
bill In the House which is mild and in
nocuous, providing that prices in Min
nesota shall be no higher than elsewhere
LOCATION IS EAST OAK
General Manager O'Brien, of Harrl
man Lines, Gives Assurance to .
Committee of Early Ac
tion to Come.
The Harrlman In
freight depot for the East Side. It will
be built orf East Oak and East Second
streets during the coming year. General
Manager J. p. O'Brien assured a com
mittee of the East Side Business Men's
Club the past week that he would include
In his budget of expenses for the fiscal
year, beginning July l, the cost of this
freight depot, which means that It will be
built some time the"coming year.
Provision for this freight depot is con
sidered a great gain for Central East
Portland, and is in response to a general
demand by the entire business Interests
In that district. C. A. Blgelow, president
of the East Side Business Men's Club
who keeps In close touch with . affairs'
says that several large building enter
prises In the warehouse district will now
go forward, which were held pending as
surances that this depot would be pro
vided. It will cut off the long haul to
the terminal depot on the West Side and
give the warehouses and wholesale deal
ers who have already come Into the Bast
Side district, and those who will come
quicker dispatch for their freight than
under present conditions. It will also
greatly relieve the bridges across the
Willamette River of a considerable por
tion of their burden in the way of cartage.
The location nn T.' fi . . i .
W, n.wF"'st and Second streets. Is prob
ably the best that could be selected, as
t is between the Southern Pacific main
line and the O. R. & N. spur on East
Z1L tZ l- a W1U De generally con
venient for shippers.
Another 1mrmita. . .
" i'-j. .o.nt. eiiLtrrpnse proiected
for the East Side is a six-story reinforced
concrete structure, to be erected by W
Lt. AlOrff-R n nn Poof e i .
- oitti v street ana
?h?A avenue" Mr- Morgan recently pur-
corn f nr n " northwest
txhii : a. n. -odd, and
will prepare plans for a modern building.
lr?LJS 0PP'te the corner occ
t, K Atcnley Company's fur-
WiC "w ouuaing will be
business " tensIon f the company's
BUILD BANK AT M1LAVAUKIE
House Planned to Accommodate Fi
nancial Institution and Store.
fn' fhfPPel. Browne has prepared plans
Firsta8tWt; 8t bank building for thl
i te . Bank of Milwaukie. The
one' otZZ l be,f,tvlded '"to two rooms!
Vll which will be- occupied by the
Th nJ Ihe theF wi" be 'or a store!
roomrrdmSt0ry wm -be- divided into
K?,n offices. The contract for the
? kV2 LJ5 let thi month. Con will
be about $10,000.
Milwaukie will gTa passenger depot
on the new line of the Southern Pacfflc
win be Thfln,sHeP,t,WlIl be 24X50 f"t and
outside Th,! P6bb'e-dash on the
outside This depot was required bv the
Council before it would" grant the com
SSf JESS'S? 2 ?h. towe.CTme
eandy-rner8 or "the VeVStVw
Beaverton cut. which wi h."18
PHOENIX
IRON WORKS
Engineers, Founders,
Machinists and Boilermakers,
Building; and Structural Work.
WE MAKE
Fire Hydrants, Log Hauls, Cast
bear, Hydraulic Giants, Water
Gates, Lumber Trucks, etc.
Hawthorne Ave. and East Third
PORTLAND, OR.
BUNGALOWCRAFT
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building is Just .ready. Page 8x11 inches,
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descriptions anil estimates. Houses from
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The most complete and. practical book on
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builder. Price 1 post paid. .
' -THE BUNGALOW-CRAFT C07
403 Chamber of Commerce. Los Aneeles. Cat.
Artistic Lighting
MUST HAVE TWO INCEPTIONS
First, in
the design
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made ap
parent by
the use of
the pencil.
if
Second, its
reproduc
tion in met
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skilled in
craftsmanship.
We offer you the most artistic lighting effects in
tne city.
M. J. WALSH CO.
SALESROOMS t ,311 STARK STREET
GALL FROM IIL
fortune's mfm
TRUMPET SM
Get yourself - f
ready for the Grand aAaM
Opening of. PSllW
THE NINTH HUGE SUCCESS OF THE JACOBS-STINE CO.
opj successful
eSIFJI!?"
No interest.
No taxes.
High elevation.
Acros3 street from Belle Crest.
Ten-Minute Car Service.
q sty
Bull Run Water.
Level as a floor.
Slopes to the east.
Magnificent scenery.
May
The Above Features Are
All Included in the Prices
Portland in view.
Cement sidewalks.
Cement curbs.
Graded streets.
Refreshing Summer breezes.
and
up
i31 f lilt LMI vA 3 VLJ7 IVl.m
YOU COULD SHUT
YOUR EYES AND
buy any piece of Portland property today and double your money
m less than five years. ARGYLE PARK property will net you a
ET xt pf r tnt luicker tha you can pay for it, on our liberal
terms, we make thi3 statement because we know it is true. Those
who bought Belle Crest property from us two years ago know it is
J BTy- suare lnch o' property in the vicinity of ARGYLE
AKJ nas increased in value every night you go to bed. We repeat
it. You can buy this property with your eyes shut and win out.
UT
ou lion t Have I o
COUPON
Maei4rnA'i,lpiaWab h,ed "Umber of so,1-s' indu'linn words an.l itms"ir. entitle!
Mary of Argyle Everybody ought to have a ropy of this beautiful S,h ballad 1
will be presented to you in person or mailed to you if you will send us this coupon
THE JACOBS-STINE COMPANY,
148 Fifth Street, Portland, Oregon:
of ntieraCn: PIease send me words an'l mmic. of the beautiful Scotch ballad Myy
N'ame.
City.
Box No. or Street.
urn
ARGYLE
The Jacobs-Stine
Company
148 FIFTH STREET
PORTLAND, OR.
Largest Realty Dealers on Pacific Coast
t