THE SUXDAT OREGOXIAX. PORTLAND. APRIL 23, 1911.
SALES ARE FEW;
This is what you have been waiting for A chance to get in right on
an absolutely safe investment that is sure to
show a large profct. -
STRUCTURE AT PARK AND WASHINGTON TO BE REMODELED INTO THEATER SEATING
OVER THOUSAND. .
INQUIRYIS ACTIVE I
Market for Inside Realty Is
Taking Breathing Spell,
Dealers Say.
sT .
Such a record for the few days this tract has been on the market
proves that the price is right. We all know the location is the
very best. Go .out and see it today. Take Rose City Park car
to the Alameda and walk one block south to
FULL VALUE IS DEMANDED
V
Wo Snap Remain In Business Real
Kte Trading Fair In Modcr-
ate-Mxed Pmperl ic Iralrrs
In Sutxllvltlon Ixut Busy.
F.eal state dealers are aa-reed that
th. market Is suffering: from temporary
ctulet as far aa actual consummation of
pales of Inside property Is concerned.
althourh there Is declared to be a
teadr flow of '. Inquiries. There la
, fair amount of tradlnr In properties of
moderate slse. and some of the agencies
liandllnn- subdlrlstona are actually busy.
That there should be so many in
quiries about business property and
so comparatively few sales Is declared
by some brokers to be positive evidence
that Inside real estate la belns; held
at Its full value at least, and that
active market cannot be expected under
such conditions. No snapa remain
In business property.
Advance In Priors Steady.
Trices have been advancing In
Portland very steadily for a number of
years." said a dealer yesterday. "The
situation la virtually like this: A first
void to B several years ago, and re
ceived his nrlce. B held for a year per
haps and sold to C at a profit of SO
per cent. C also held for soma time
and sold to D and made a (tood profit.
Now I wanta to make aa larc-e a per
centage of profit aa was realized by C
"Of course. In the nature of thing,
this sort of a proposition cannot be
continued Indefinitely. There is bound
to come a point where the advance
must stop for a while. For my part I
believe It better for the city to take
an occasional breathing spell. Prices
of Portland real estate are still low
when compared to other cltlea of simi
lar sise and Importance. But the prices
are high for Portland, and there Is
peculiarly local condition In every city
that must be taken Into consideration
la discussing prices. That not many
sales are taklna- place Just now ts an
Indication that owners are pretty well
eatlsfled with their holdings."
Building Continues Active..
Portland la still building largely In
every section, and many fine homes are
being started every week. Numerous
apartment houses and tints are also be
ing erected, and a peculiar feature of
the situation Is found In the fact that
there are no "for rent" algns In any
part of the city. Aa soon aa a dwelling
la completed, be It residence, flat or
apartments. It Is filled with tenants.
Where the people all come from la a
mystery.
Building operations In the down town
business section continue without
sign of letting up. The same 19 true
of the local business In the central part
of the East Side. From a standpoint
of building operations. Portland la the
liveliest city on the Pacific Coast.
DROOKR Dni.DIG AH IT WILL APPKtR WHE.V tr ansformed into majestic theater.
Vork of transforming the Brooke building, at the northeast corner of Park and Washington street!".
Into a theater will be begun this week. It Is expected that the Eilers Piano House, which has occupied
the strurture for a number of years, will be established In Its new quarters at Seventh and Alder etreets
by Thursday, and operations will then go ahead on the Brooke building full Swing. The alterations prob
ably will be completed In less than two months.
A lease on the property for five years lias been taken by Kdwin F. James, owner of the Majestic Motion-picture
Theater. The rate of rental has not been made public, but It M understood to be In the neigh
borhood of 13000 a month. A glass front will be put In on Washington street, and the entire frontage of
loo feet will be divided Into four stores and two entrances, one for the theater and one for the stores which
will occupy the Washington-street frontage on the second floor. This second entrance will be utilized for
exlte from the balcony and main floor of the theater. In all there will be 14 exits from the theater, and
experts have estimated that the showhouse. If crowded, could be emptied In one minute. Three exits oft
Park street will give a clear opening of IC fetf; and the alley between the Brooke property and the Pub
lic Library grounds will be used for exits.
The theater was designed by K. W. Houghton, the architect who planned the Helllg Theater In Portland,
the Moore and Majestic In Seattle, and many other playhouses. It Is to be absolutely fireproof and will con
tain many Innovations Intended to ninke It a model motion-picture house. The lamp house will he plaeed
so that the light projection will fall directly on the center of the curtain on a .straight Una from the lamp.
The picture Is thus projected without angle, which Is the scientifically correct principle. The ventilating
system will be a feature. The theater will seat about 1200, Including the lose eeats at the front of the bal
The deal waa made by Hartman It
Thompson, who report the following
partial list of small sales made last
week:
Rex H. Conant to Mrs. Iora Poller,
lot on Kast Forty-sixth street between
Sandy boulevard and Thompson; con
sideration. IS 50.
K. L. Thompson to Floyd Bilyru. lot
and five-room cottage at the southeast
corner of Myrtle and Chapman streets,
Portland Heights; consideration Sa200.
Ichabod Clark, of Dayton. Wash.,
to George A. Moors, three lots on Kast
Forty-sixth street, between Sandy and
Hancock. Rose City Park: considera
tion $:too. .
One hundred feet square at the north.
east corner of Eust Forty-seventh
street and the Alameda. Rose City Park
consideration. $1800.
Provident Investment A Trust Com.
pany to William bcnumlckle, business
lot on Sandy boulevard between Kast
Fifty-second and Kast Fifty-fourth
streets. Rose City Park; consideration.
11000.
Six-room Colonial house and lot on
East Fiftieth street between Siskiyou
and Klickitat. Rose City Park, to C.
W. Klrkbrlde: consideration. 13750.
Two lota on Kast Fifty-ninth street
between Siskiyou and Stanton, Rose
City Park, to W. J. Iunlnn. Jr.. who will
build two houses; consideration, (1600.
PROFIT OX $7000 IS $33,000
J. Boionawnkt Sell Quarter Sec
tion Adjoining Burlington.
A piece of property comprising
quarter section of land adjoining the
town of Burlington on the United Rail
ways northwest of Portland, waa sold
yesterday by J. Buxonawskl to C P.
Wells for 10.000. The 160 acres was
botsght for $7000 by Mr. Buxonawskl
only four years ago. The remarkable
advance Is due to the building of the
T'nlted Railways and the platting of
the townsite of Burlington. At the
time the land was bought in 1907 the
survey for the railroad had not 'been
anade.
The quarter section la a fine tract.
Tilgh and alghtly. and most of It is
wooded. It la the Intention of Mr.
Wells- to plat It Into one-acre tracts
and place it on the market Immediately.
The soli Is good and will grow small
fruits and garden truck.
The sale waa made by Ernest Wells
od J. T. Smiley, who also sold to C. P.
Wells for R. L. Donald a tract of JS
acres, mostly cleared land, adjoining
Me tiger on the Oregon Electric Rail
way. Mr. Wells will also place thla on
the market In one-acre parcels.
The same fjrm haa sold a lot In Ton-
qutn on the Oregon Electric Railway
to E. C. Combes for 13000.
PICTrUE FILMS TO BE MADE
Company Boys Site and Will Build
riant on Eat Side.
The American LlfeogTjh Company
haa purchased an acre and a half of
land near the Oddfellows' Home. In the
South East Bide, on which It will erect
a J1S.00O reinforced concrete building.
which will be the headquarters of the
ompany. J. I. Vlncl. representative
of the company, says that the concern
had been organized with a capital stock
of 1150.000. and will engage In the
manufacture of fllma of all kinds, es
pecially of scenery of the Northwest.
"We have better facilities for pro
ducing fllma than are found any where
In the world." said Mr. Vinci, in hli
talk before the East Side Business
Men'a Club Thursday night. "We have
the barracks at Vancouver for Army
scenes, we have the Willamette and
Columbia Rivers, and the ocean la not
far off. When In operation we expect
to have a full stock company of actors.
Some of the leading business men of
the city are Interested In this enterprise.-
GODDAKD TALKS ABOUT TRIP
San anctco Doll. Los Angeles
Lively, Says Rral Estate Man.
"San Francisco is quiet, but Los An
geles is lively and la growing rapidly."
said IL W. Coddard yesterday. Mr.
Goddard returned last week from a trip
of more than a month with Mrs. Cod
dard, most of the time being spent about
Los Angeles. He said that never before
In traveling had he heard so many kind
remarks about Portland. He had no
trouble, he said, in getting men In Los
Angeles to admit that there are to be
Just two large cities on the - Pacific
Coast Portland and Los Angeles.
a cant stores and flats can be count
ed in large numbers on any street In
San Francisco." said Mr. Goddard.
"There are dozens of vacant business
places all along Market street and the
streets running Into Market from the
northwest. I made a trip argund Gold
en Gate Park, going out on one side and
returning on the other. Vacant flats
and apartmecta were numerous In every
block. The real estate men did not ap
pear discouraged. They were hopeful.
In fact, and everybody expected that the
Panama canal and the 1915 Exposition
would set things booming.
"One thing that can be said about
San Francisco is that the people there
are all loyal. It Is difficult to get any
body In San Francisco to say that there
was an earthquake. Most of them have
heard about the fire. Although' San
Francisco may be called dull just new,
the city is in a remarkably good condi
tion, considering Its tremendous loss.
"Los Angeles Is not booming, but Is
grewlng and growing rapidly. Not
only does the city itself show a healthy
condition, but all the little towns
around it are exceedingly prosperous.
They do things on a large scale down
there. For example, they are platting
4 7.000 acres In one piece, which Is to be
planted to citrus fruit and sold In 40-
acre tracts. This tract was bought from
nkershlm. the hotel builder, by a
syndicate which has plenty of capital
and Is handling; the proposition on that
basis.
"This tract Is 10 miles distant from
Los Angeles and the syndicate has con
structed a fine paved boulevard the en
tire distance at a cost of 1300.000. The
Owens River aqueduct will empty Into
n artificial lake 10 miles farther on.
and water from this lake mill be used
to Irrigate the orange and lemon groves
In the tract. Fernando ts to be made a 1
beauty spot so as to provide' another
place for tourists to spend a day.
"The business portion of Los Angeles
Is steadily moving westward, and
Broadway Is now the principal street.
There Is no clgnr store and only one
saloon on Broadway, and thus there is
no lounging place for men along the
street. The thoroughfare has received
the local nickname of 'Petticoat Lane,'
In consequence.
"There Is a large difference In the
values of business realty between Port
land an Los Angeles. I could not learn
ofany Broadway property in the retail
business district that waa for sale at
less than flO.ovO a front foot, and I do
not believe that any could be had for
less than that figure. It should be
taken Into consideration, however, that
most of the lots are 140 feet deep, as
compared with 100 feet In Portland
This permits the us of ample space for
elaborate fronts for stores, which en
hance the rental value. Property that
might be compared In location to
Seventh street In Portland Is worth at
least 14000 a front foot.
"A feature of Los Angeles that al
ways attracts favorable notice Is the
large number of open spaces, little
parks and wide streets. It Is evident
that there is no want of room. I men
tloned to several persons the suggestion
In Portland thawthls city buy and open
the 'Park Blocks,' and experienced men
there declared it the very thing to do.
and they urged the wisdom of doing It
before the property becomes more
valuable.
"Santa Barbara is much prettier than
Los Angeles, being surrounded by green
hills. It Is the green that the traveler
from Oregon misses most in Southern
California."
GERMANS
TO
BUILD
Aid Society to Erect Home for
Aged East of City.
CLIFTOX APARTMENTS SOLD
Dr. F. I. Ball Disposes of Property
at Twenty-third and Irving.
Dr. Frank I. Ball last week sold to
the Hlbemla Savings Bank the Clifton
partment-house property at the south
west corner of Twenty-third and Irving
streets. The consideration was $30,000.
Dr. Ball bought the lot about two
years ago, paying f 8000 for It. He built
the apartment-house, which waa com
pleted last August.
Eugene Plerrard haa sold a house and
lot on the north side of Irving street
between Twenty-first and Twenty-sec
ond to Leland L. Smith for 112.200.
The Hlbernla Bank Is holding the
property for a client of E. J. Daly,
who made the sale.
Architect Bays Business Property.
Albert E. Doyle last week bought
from Dr. George Parrlsh a lot and two-
story frame Itullding on the north side
of East Morrison street, between East
Third street and I'nlon avenue. The
consideration was 132.500. The build
ing is occupied as a store and rooming
house. Dr. Parrlsh made a good profit
on the transaction, having held the
property for about a year.
Love Joy-Street Home Is Sold.
Jack Ixiulsson bought, last week.
hrough the agency of Keasey, Humason
tc. Jeffery the home of Mrs. James Watts
at 812 Lovejoy street, described as lot
7. block 2S, King's Second. Addition.
The consideration was $12,000. Mr.
Loulsson bought the residence for a
home.
Flats on Cornell Road Sold.
A four-flat building on the east side
of the Cornell road near Washington
street was sold last week by Anna
M. E. Mann to J. R. McKnlght. for 1 15.
000. The property has a frontage of
90 feet on the Cornell road. The sale
was made by ChapIn A Herlow.
20-ACRE TRACT IS SITE
Fino Piece of Land Donated by Mrs.
Louise Wei n hard to Be Utilized.
Building Attractive and Mod
ern In Every Respect.
The General German Aid Society of
Portland is making preparations to
build a home for the aged on the tract
of 20 acres donated to the society last
January by Mrs. Louise Weinhard.
widow of Henry Weinhard." the brewer.
The tract Is situated a short distance
east of the lower Mount Tabor 'reser
voir, on the Section Line road, and Is
level and fertile.
Plans for the home have been drawn
by Birnbach & Mayer, architects. The
building Is to be four stories high, of
ordinary construction. The exterior will
be of red brick, with cast stone trim
mings and asbestos slate roof, the ap
pearance being attractive.
The building will face south. One of
the features of the design Is the pro
vision for wide porches extending
across the front and half way around
the sides on the basement and first and
second floors. In this damp, mild cli
mate It Is deemed desirable to have
these porches so the windows may be
opened in the Winter time without re
gard to rain.
Entrance Staircases Artistic,
The entrance will be by means of two
Italian staircases, which lend an artis
tic effect. The structure Is to be thor
oughly modern, and a provision has
been made for a special system of ven
tilation which will permit steady Intro
duction of fresh air, without any ap
preciable drafts, which are so danger
ous to the aged.
The basement will -contain the kitch
en, dining-room, smoking-room, laun
dry and boiler-room. On the 'first floor
will be the principal ' parlor, reception
room, assembly-room, administration
offices and a number of living-rooms.
The third floor and attic will be given
up entirely to living-rooms, of which
there will be 75 in all.
Although the building is to be out
side the city limits, the requirements of
the Portland building code, which are
very strict, will be carried out. There
will be ample corridors, stairways and
fire escapes In all parts of the building.
The Interior is to be absolutely plain.
with no projections in the rooms to
catch dust, and it is to be made as san
itary as possible. There will be 100
feet of level lawn in front of the build
ing. The cost of the building has not
yet been determined, but contractors'
figures are soon to be taken.
Charges Will Farm Land.'
Arrangements have been made for
supplying Bull Run water at the tract.
The new city water main is now being
laid along the Section Line road. The
land Is well adapted for the object in-
SYNDICATE ADDITION
Lot purchasers receive free im- 1 1 . V
provements consisting of 1 IrVIXIJNGIUM
Graded Street 1 1 ' M0NT CLAIrW
Cement Sidewalk I I 1 I . V
Cement Curbs r, AKGYLE Vi
Parkins Strip and I I HYDE . I pApjr i
Bull Run Water Mains PARK
Taxes paid by us and no interest 11 L--J er Y
on deferred payments. Jr WELLE SlEY -
''' m02 " " 11 CREST u
5 "1 SCHOOL f- I I .Tf) - '"
.SIS: llrMjL-nfflLjV
Bjmmr
Salesmen on the Ground to Show
Property All Day Sunday
It most be -seen to be appreciated. Note the location, and dont
forget that adjoining property is built up solid. Every lot is a
choice building site, and they are still going at the opening price.
Get iif before the raise and you will reap large profits.
Sold on Little Easy Monthly Payments
You can't lose by buying these lots. You have five
years to pay for them, if you need it, and prices will in
crease enormously before that time.
' There is no interest to pay, and money paid will on
request be refunded, with 6 per cent interest added, in
case you die while paying.
Mall this tor oily map and vIctvk of property. .
The Fred A. Jacobs Co., Portland, Or.:
Gentlemen: Please send me 1911 City Map
and information regarding Syndicate Addi
tion. This without cost or obligation.
Name : .'
0-4-23 Address
THE FRED A. JACOBS COMPANY
SUCCEEDING THE JACOBS-STIN E CO.
138-146 Fifth Street, Portland, Oregon
THE lARfiEST REALTY OPERATORS
OS THE PACIFIC COAST
tended and was bought for that purpose
by Mrs. Weinhard about Ave years ago.
With plenty of fresh air. good water
and healthful occupation for the
charges', it Is thought that this tract
will fornlsh an ideal location for a
home for the aged. Building of such a
home has long been contemplated by
her. It Is intended to make the home
partly self-supporting by farming the
land according to me inienmvB yla.n.
The soil Is rich and produces large
crons of small fruits and vegetables.
The General German Aid Society has
been in existence about 40 years, and is
maintained by voluntary subscriptions
and assessments on members. The val
uable quarter block at the southeast
corner of Eleventh and Morrison
streets, and other Portland property is
on-ned bv the society.
' It Is the intention of the Aid Society
to make this home one of the most im
portant institutions of its kind in the
country. It will be modeled after the
famous European Altenheims. The gen
eral scheme provides for m main uorm'-
tory building, secondary dormitory
buildings, orphanage, small horpitnl.
administration, commissary and service
buildings and a butiful orchard. The
building committee and the architects
have given much study to the project.
The" rrJ in dormitory building is to bt
tb.9 first step.
SHAW BCYS IRVIXGTOX HOME
Realty Man Also Acquires Two lots
Adjoining; Total Price $14,200.
W. A. Shaw, of to Shaw-Fear Com
pany realty dealers, last, week bought
from J. P. Lipscomb a modern 10-room
house and 50x100 lot at the southeast
corner of East Sixteenth and Thomp
son streets, Irvington. He also bought
the two lots adjoining from Jonas M.
Berry, making his holdings there 150x
100 feet. The total consideration was
)14,200.
The house Is now being completed
and as soon as it Is ready to be occu
pied Mr. Shaw and his family will move
In.
On country slab and block wood,
Edlefsen Fuel Co., you should try.
dry.
"ACItKAGK BRINGS GOOD PRICE
Half Intrrrst In 10 Arrr on Base
Line Road Sold for $15,000.
Ambrose E. Gantenbeln last week
sold an undivided half Interest In 49
acres oa the Base IJn road two mllra
east of the rtty limits to Thomas Spill
man for tli.Ou. By the transfer Mr.
fplllman acquired ownership of the en
tire pier, as be already held a half In
terest with Mr. Gantenbeln.
Tbe land Is partly cleared and the
ell la of rood character. TIM con
sideration, which ts at the rale of 750
an acre. Is considered a frood one. con
sidering the character of the land. How
ever, Its proximity to the city Insures
a rapid rise In veJue.
OENIEAL GERMAN AID SOCIETY PREPARING TO ERECT HOME FOR AGED.
MRS. THOBIRX SKLLS HOME
Property on Kat Pine Street
Change Hands for $1(00.
Jaob Baoer von Rchrelner Iat week
' tourit from Mrs. Adelaide K. Thohnrn
' the house and lot at ti9 Kast Pine
treet. The consideration waa o.
I' m'
7-
hi o
'IBM
DKMOV KOU KTRICTIRK TO BE BCII.T OX TRACT DONATED BY MRS. LOUSE WFIXHARD, EAST OF CITV.
Portland H
eififnts
, ""ft"-'-.
it
V" '.'.V
V'
'V -
try. t
e. rut
If
X
Ml
$ 1 s.ooo
8-Room House
About 3 Lots
On the carline, magnificent view of the city and moun
tains. -Handsome yard; fruit and flowers.
Keasey, Humason & Jeffery
. Lots, Block and Acres All Parts of the Heights.
Office Chamber of Commerce.
Gas and Electric Fixtures
CAY BE BOUGHT OF
The H." T. Drennen Lighting Co.
400-408 E. 1UK.VSIDE ST.
Cheaper Than Any Place in the City
Phones East Jl, B 3131. Open Eveninm hy Appointment.