THE SUNDAY OREGOMAN, PORTLAND, AXTTAItY 14, 1912.
HEALTHY SITUATION
CONTINUES ACTIVE
Substantial Sales Closed and
Negotiations for Other
Big Deals Started.
CORNER BRINGS $125,000
Friendly Estate Property on Cpper
Stark Leased and Modern Build'
Injr to Rim Permit
Total $384. t7S.
There 1 a notable upward a wine In
the realty situation. The feeling of bet
ter times In all lines of activity is a
factor that la having a wholesome in
fluence on trading In real estate. Al
though there have been only 11 busl
ness days reached In the new year, the
extent of operations has been marked
and soma substantial deals hare been
closed. There are now pending nego
tiations for the sale of several large
parcels of downtown property.
It Is the common talk among brokers
and Investors that the first half of the
present year will witness the most act
ive trading In the history of the city.
The extensive buying in the wholesale
district of the East Side during the past
few weeks hss had no little effect on
the situation, as some of the persons
who disposed of their holdings In that
locality are now easttnfr about for in
vestments in other Inside properties.
Career Lot Brian 12.1,000.
The most Important transaction of
the past week was the sale by L B.
Menefee to local investors of the north
west corner of Taylor and Fourth
streets for $135,000. The parcel covers
about two-thirds of a quarter block,
and la Improved with old frame build
ings and a two-story brick building.
The property was purchased two years
afro from Mrs Kllen Murphy, of Seattle,
for $110,000.
It was announced yesterday that the
half block on the north side of East
Yamhill street, between East Second
and East Third streets, had been ac
quired by W. P. Thorsen. of Fisher,
Thorsen A Company, at a consideration
of $60,000. The property was purchased
from Will Llpman and Dr. A. E. McKay.
With this parcel, Mr. Thorsen now owns
considerable property in the warehouse
district on the East Side. This sale was
negotiated by Mali Von Borstel.
Mr. Thorsen made his first Invest
ment In this district six years ago.
when ha purchased an entire block for
$10,000. His firm has made other pur
chases there since 10S. The fact that
he paid 140.000 for a half block ladl
rates that property In this district Is
in blr demand. Mr. Thorsen is of the
opinion that values there will (ret much
higher In the next few years.
Among other deala closed recently
was the exchange of business proper
ties involving a total consideration of
$110,000. H. R. Klncald transferred to
Louis Gerllnger the tOxlOO-foot lot at
tie southeast corner of Yamhill and
West Park for $90,000. Mr. Klncald ac
quired from Mr. Gerllnger the frOxtO
foot corner at Second and Main streets
for $40,000. The negotiations were con
ducted by E. J. Daly.
Rig Lea alma Deal Close.
The largest leasing deal of the week
wma closed Monday when J. R. Bowles
and associate took a 10-year lease on
the Friendly estate property on titark
street, between Tenth and Eleventh
streeta. The ground la $0x100 feet In
staa. It la announced that the leasing
syndicate will erect a aix-atory rein
forced concrete building on tha site, to
be used for hotel purposes.
Trading in residential properties and
suburban acreage baa been satisfactory,
considering weather conditions. From
the largo number of inquiries being
received from outside sources, aa well
as from local "prospects. brokers are
of the opinion that property near the
city will be in greater demand than
ever.
Reports from Tar! mis parts of the
Willamette Valley indicate that the de
mand for farm lands will be greater
than usual this year. Last week there
were several transfer of small tracts.
Caaarraetlea Work Active.
Since the first of tha year there have
been Issued 171 bnlldlngs permits, of
a total valuation of $J94.TS. With a
Ow exceptions the permits are for
small buildings and dwellings. There
are. however, plana In the office of the
Hulldlng Inspector for some large
structures, permits for which will prob- I
ably be let this month. Contractors
and architects are sanguine over the
prospects of an active building year,
and believe that 111 will close with
tha best construction record In the his
tory of the city.
There are now uader course of con
struction some fine structures. Among;
the larger building are the Llpman.
Wolfe A Company's 10-story depart
ment store building, the seven-story
Holts department store building, the
three-story bank building; of the Mer
chants National Bank, the 12-story
Oregon Hotel, the Journal building, the
west wing of the county courthouse.
Work will be started this month on the
five-story Empress Theater building
and the seven-story Central Market
block. In addition there are several
other substantial structures in course
of construction.
The contract for remodeling the
building on the quarter block at the
northwest corner of Fourth and Davis
streets was let yesterday to Victor J.
Carlson for S1S.050. The building will
be changed Into a clubhouse and stores
for Chinese. The property Is owned
by Frank Bollam. and waa purchased
from the Lewis estate a few months ago
for $70,000. The plans for the improve
ment of the building were drawn by
W. P. Bell.
NEW LINE BIG AID
FOUR-STORY BUILDING TO RISE
J. F. Shea Structure at Second and
Bnrnslde Will Cost $35,000.
J. F. She Is having plans drawn for
Rapid Growth Made Around
Depot of Mount Hood Road.
MORE CAR SERVICE WANTED
Territory Southeast of Mount Tabor
Becoming; Thickly Settled Ex
tension or Electric Lines Now
Sought by Resident.
A considerable settlement has been
developed at and around the Monta
vtlla depot, of the Mount Hood Rail
way & Power Company, at East Nine
1 1 . -t . I. ,,t ntluin street.
since the company started Its suburban
trains. Tne car wnicn is operaicu
tween the Montavilla carllne from
East Eighty-second street and the
MONTAVILLA DEPOT OF M0UHT HOOD LINE.
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DISTRICT IROnD TIUS 8TATIOX MAKES BIO DEVELOPMENT,
four-story building which will rise
at tha southeast corner of Socond and
Burnslde streets. The building will
have 46 feet front sire on Bnrnslde
street and 100 feet frontage on Second
street. Besides four stories It will
have a full basement.
The basement and first story will
be of reinforced concrete construction
and the upper floors will be of mill con
struction. There will be eight store
rooms on the ground floor. The three
upper floors will be used a a lodging-
house. There will be 2 rooms on each
floor. The cost of the building will
be approximately $$$.000. Bonnes A
Hendricks are the architects
LOWERS DIRT TRACK RECORDS
Brother of Famous Driver Rapidly
Developing Speed Mania.
The world's dirt track record for au
tomobiles was again lowered at t-an
Diego last week. Louis Nik rent, driv
ing a Bulck "40." won tha 60-mlle race
in the remarkable time of 4:12V
Ntkrent also made a mile in $0 $- sec
onds, lowering the track record set by
Nlkrent, who has gained an enviable
reputation as a driver. Is foreman of
the repair department of the Howard
Automobile Company's garage in Los
Angeles, and drlvea only as a diversity.
He hss met with remarkable success
and la following In the footsteps of his
elder brother. Joe Nlkrent. who is now
a driver on the Marmon racing team.
farm Near Halsey Sold.
The 414-acre farm of the A. P. Max
well estate near Halsey, Or, waa sold
recently. John Cartwrigbt, of Harris
burg, purchased $00 acres for $1$.000.
The remaining part of tha place, con
sisting of 114 acres, waa acquired by
George Maxwell. This farm la one of
the finest In the Halsey district
Residence I Bought.
Arthur Cole hss purchased from 8.
Heme residence property on East Forty-seventh
street, near Hawthorne
avenue, for $$100. The house Is of
the bungalow type and rontalna six
room a The sale was negotiated Dy
Vanduyn Walton.
depot has been of material help alao
in the development of that district.
When the depot was established own
er of the adjacent property erected
many homes near East Ulisan street,
which found ready sale to men who
wanted to live in that district. The
depot haa made a center of consider'
able Importance.
Line's Entrance Undecided.
There Is considerable speculation as
to the intentions of the Mount Hood
Railway St Power Company as to an
entrance into Portland from this depot.
Residents and property-owners west
ward are anxious to have the company
bulUl Its line Into Portland over the
Broadway bridge by way of the Barr
road and Broadway street, but a
atrong effort la being made to have
the company build south and enter
Portland with lta passenger service
over Hawthorne avenue and Haw
thorne bridge.
There is a big territory east of
Mount Tabor and Montavilla that is
Interested in various efforts to get
streetcar extensions of some sort.
Portland has been wrowlng rapidly
eastward and the people who have
gone Into that district are demanding
to ba recognized and taken care of by
streetcar extensions. Altamead and
the other new additions near the end
of the Montavilla carllne are served by
that Una. but settlement haa extended
out and beyond even the city boundary
line, on both sides of the Base Line
road, and people there must walk from
one to two miles to reach any of the
carllnes.
Realdeare Seetloa Expands.
There are prospect that tha Mount
Tabor carllne, which now come to an
end at Tabor Height, will be extended
down the east side slope of Mount Ta
bor, if a T per cent grade can be found
for the track. Many year ago a steam
carllne was operated over the east
slope to Ruseellvllle, but it did not
psy, aa there waa little settlement at
that time and the track was removed.
Since then, however, the territory has
settled up. The Crystal Springs Sani
tarium has been rebuilt south of the
Base Line road, near Russellvllle,
where It ha many building and needs
car service.
The district between the Baae Line
I JSyJr"i;r
I !y' :i S DKAWTJTO OF ST. PAUL'S EPISCOPAL CHURCH I
'7Ya'?Mw; TO BE BUILT AT OREGON CITY. t
I'aoronCD ITOXE EDIFICE WILL COXMASD F1SB VIEW OF WILLAMETTE- RIVER. T
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Grocery Bill
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Do You Want to Reduce YOUR Cost of Living?
Come out Sunday; we'll show you Parkrose and explain how you can
LIVE and SAVE in this beautiful tract. Take the Parkrose car at the
end of the Rose City Park line. No fares collected on the new line Sunday,
Hartman & Thompson
Ground Floor Chamber of Commerce Bldg.
4th and Stark Sts. Phones: A 2050 Main 208
and Section roads for nearly two miles
eastward from Mount Tabor has been
fllllnic up with new homes. The
growth there is a revelation to any
one, who does not go there often, to
take a trip to Mount Tabor and in
spect the district eastward. It will be
seen that Portland has grown all
around Mount Tabor, and streetcar
lines which have served that portion
of the city for the past IS year no
longer are adequate to the require
ments of the people
GRESHAM BUILDINGS STARTED
Two Structure to Be Built for Bank
at Cost of $14,000.
Plans have' been prepared by Parker
A Banfleld for a two-story brick
building and an addition for th First
State Bank of Gresham. The main
building will cover 110x35 fet. It
will contain three stories on the first
floor and 20 rooms on the second story,
for apartments and office.
The addition to the bank will b
20xC0 feet and two stories high. It
will be for additional room for the
t-v. - flf the main building
and bank addition will be $14,000.
Work on the tounoaiion un
completed and the main structure will
be erected as soon as the weather
permit the work to go forward. This
. . w - mnmt nmtelttlOUl trUC-
De Uno "l " r -
tures built In Greaham. Other build
ings are. projected for Gresham this
year, and a substantial growth is ex
BEST BUYS FOUND HERE
PORTLAND OFFERS ATTRACTIVE
IXVE8TSLEXT ADVANTAGES.
FIRST LECTURE IS GIVEN
EGYPTIAN ARCHITECTURE RE
VIEWED BY H. G. BECKWTTH.
Lou Angeles Making Greater Prog-
res Than San Francisco, Sajs
D. P. Bryon, Local Dealer.
That no city on the Paclflc Coast of
fer better advantages in real estate
investments than Portland Is tne Denei
of T. Parker Bryon. a member or tne
Portland Realty Board, who returned
last week from a trip to California
Mr. Bryon made a study of the real es
tate situation In San Francisco and Los
Angeles, and between those two cities
he believes that Los Angeles has the
best future.
"Comparing values of Portland inside
realty with those that prevail In Los
Angeles, by far the best buys are found
here said Mr. Bryon. "In a number
of oases, especially In the district south
of Morrison street between Fourth and
Tenth streets, our prices are not over
45 per cent of what similar properties
are selling for In Los Angeles.
"In San Francisco I found that busi
ness during December was better than
it had been for several years. The
business men there are in good spirits
and look for a much larger business
in the next few years. The influence
of the Panama-Pacific Exposition la
now being felt in realty circles there,
and will continue to grow stronger.
Realty conditions in Los Angeles were
unusually good last year.
"There Ja a strong feeling every
where that a great development will
take place on the Coast in the next
few year. The general Impression 1
that the two great cities of the future
on the Coast are Portland and Los An
geles. "There Is every reason to Indicate
that trading in downtown business
property that Portland haa ever had
will be enjoyed the first half of the
present year."
Eugene Realty Sells.
nrnpvu' O- T n 1 ( Snarl .
Two real estate transfers are reported
today. Mayor F. J. Berger has pur
chased from the heirs of the Grey es
tate a two-story business block and
lot 14 by 160 for $10,000, and Frederick
Glrard. recently from the East, has
bought a S3-acre fruit farm, southwest
at Ruaene. from L. C. Brash, for ap
proximately $10)00-
Series or 16 Talks Is Arranged by
Portland Architectural Club to
Be Delivered' Weekly.
Tha first of the series of lectures
inaugurated by the Portland Archi
tectural Club was given last Tuesday
night by H. Goodwin Beckwlth, his
subject being " Egyptian Architecture."
Mr. Backwith reviewed the early his
tory of arts and architecture In Egypt
and pointed out the chief feature of the
various periods in the development o'l
ancient building construction.
In the course of his address Mr.
Beckwlth said:
"There la. perhaps, no art or actenoe
whloh posseaes more extensive or pro
lific means of instruction and enter
tainment, or which has greater claims
on the consideration of the world at
large, than that of architecture. To
consider properly and appreciate fully
the Importance of the art, we must first
take history from the earliest period,
wherein wo shall find that every in
vention haa had its origin in the wants
of man, and every improvement in the
science building has resulted from the
requirements of various nations ad
vancing towards a more powerful posi
tion or a higher degree of civilisation.
"The architecture of a country is,
therefore, inseparable from its history;
It Is the external and enduring form of
a people's habit an index of their
state of knowledge and social progress.
But it may be safely asserted that to
the influence of religious systems is
mainly to be attributed the advances
and perfections In the arts of design
and dcoration.
"In Egypt there prevailed a system
of architecture which consisted of a
massive construction of walls and col
umns In which the latter, closely
spaced, short and massive, carried
lintels which in turn supported the
flat beamed roof.
"In referring to the map of Egypt
one can readily see that this country
consists of a sandy desert with a strip
of fertile country, on the banks of the
Nile. The possession of the river was
of immense advantage not only on ac
count of its value as a trade route and
as a means of communication, but also
because lta waters were the fertilizing
agents that made desert lands into
fertile fields. It was on the banks of
this ancient river that from time im
memorial the cities of the Egyptians
were naturally placed. Here, there
fore, are found the chief remains of the
tombs, temples and pyramids.
"As the natural productB of a country
determine to a large extent its style
of art, we find an abundance of lime
stone in the north, sandstone in the
central region and granite in the south.
That there are so many remains is due
to the hard and lasting quantities of the
material. Bricks were used, but faced
with some harder material, while wood
of a kind suitable for building was not
available.
"The climate was of an importance
In developing the qualities of Its archi
tecture, admitting of simplicity In con
struction, for though it demanded some
protection agalnt heat, there was no
necessity to provide against inclement
weather, as Egypt had but two sea
sons. Spring and Summer, no snow or
frost and rain, fog and gtorms bein
rare."
On next Tuesday evening John 5
Hatton will give a lecture on "Gree
Architecture." The lecture will be give
at the clubrooms, 247 Stark stree
and will be free. Persons lnterestel
In architecture are invited.
The list of lectures to be given th
vrinter and Spring Is as follow: JanJ
ary 23, "Roman Architecture," F.
Burton; January 30, "Medieval Arch
tecture," Folger Johnscm; feruary,
"Gothic Architecture;" H. G-oodw
Beckwlth: February 13, "Renaissan.
Architecture," McDonald Meyer; Fel
ruarv 20. "Modern Architecture," Fran
Logan; February 27, "Civic ImpTOv4
ment;" March 6. "Parks and Boul
vards." E. T. Mische; March 12, "Lan
sciDe." H. E. Weed; March 19, "Corl
crete Construction," J. J. Burlin
March 26. "Steel Construction," Way
Mills; April 2, "Plumbing," W. Hay
insoector: April 9. "Illumination,
W. Loomls. Seattle; April 16, "Electr
Wiring." F. Weber, inspector: Ap
23. "Building Code," H. E. Flumme
inspector.
Combination Building to Rise.
L. E. Sauvle Is having plans draw
for a three-story combination store arJ
apartment-house to be erected on Mi
sissippi avenue and Shaver street. Tl
building will be 60 by 80 feet In sijf
and will have full basement. There wi
be two store rooms on the ground floo
On each of the upper floors there wl
be four office rooms and six apar
menta of two and three rooms eac
The building will be fitted up alor
modern lines. The exterior will be
brick, with pressed brick frontage.
H. Bristow is the architect for tl
structure.
ATTRACTIVE EAST SIDE FLAT BUILDING COMPLETED.
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STRUCTURES BUILT FOR W. J. SWANK AT COST OF $13,000.
An attractive two-story flat haa been completed for W. J. Swank on East Tenth, between Weidler and Hal
sey streets. It Is occupied by six families. It is a two-story frame building. It cost $12,000. Parker Sc.
Banfleld drew the plan for this building. '
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