TITO SUNDAY OREGOXIAN. PORTLAND, JULY 28, 1912. PORTLAND REALTY CONTINUES ACTIVE July Trading in Business and Residence Property Unu sually Brisk. ATTRACTS FOREIGN BUYERS English and Canadian Capital Is In ested in City Parcels Several ; Substantial Sales Made, j Building Permits Gain. The Portland realty situation eon tlnues exceedingly active for the Sura met season. Dealers report that busi ness during; July has exceeded expecta tions. Inquiries for Income property have been Increasing the "past two weeks, and there Is every indication that trading: will be unusually brisk lollowlng the Summer months. 1 While Portland investors, as a rule, are holding off until the close of the harvest and crop-moving periods, it is to be noted that scarcely a week passes that deals of Importance are not nego tiated. It is the belief of brokers that political agitation Is having little ef fect on the general market, notwith standing the apparent inactivity of maay professional traders. Activity was notable last week in both the number and importance of gales. A Fourth street income-bearing parcel waa sold for $300,000, a half-interest in a lot on Seventh street brought ISO, 000, a Sixth street corner brought $45,000 and an East Side prop erty waa sold for $30,000. In addition to these transfers, there are current reports of several substantial deals under way in downtown property that will be closed in a few days. An out-of-town Investor who figured In .the week's trading was Colonel Henry Piatt, of Wales. Colonel Piatt purchased a half Interest in property at the southwest corner of Seventh and Ankeny streets from Percy Blyth for $50,000. Mr. Blyth will join Colonel Piatt in the erection of a modern structure on the site. Plans for the building, it is announced, will be com pleted in a short time. The sale was negotiated by Wilder Bros. Another substantial deal was closed early In the week, when Charles Fra xler and Ralph Brackett puichased from John Caswell a half-block on the east side of East Third street, between east Davis and East Everett streets, for $30,000. The property is situated the East Side shipping district, and will be held as a speculation. Defi nite announcement of the Fourth street deal, it is expected, will be made in a few. days. An important deal In suburban prop erty was the purchase of a 45-acre tract on the Section Line road by J. E. Tasker from O. C. Graves for $50,000. Mr. Tasker came to Portland a short time ago from Regtna, Canada, and during his residence here he has in , vested approximately $100,000 In Port land city and suburban property. Mr. Tasker's last purchase is considered an attractive one. About one-half of the tract has been cleared. This portion will be sub-divided into half-acre building sites and placed on the mar ket soon. Mr. Tasker plans to erect a fine residence on the higher part of the tract. The sale was negotiated by the Tabor Heights Realty Company. In residence sales a good business Is reported by dealers. Home-building companies are continuing to erect dwellings and appear to have no diffi culty in finding purchasers. In most of the new additions big strides are being made in the erection of dwell ings, while In the suburban districts considerable Improvement is under way. Portland Is making a big showing in the construction of new homes. In 1909 the number of homes erected was approximately 2500. in 1910, 3100, in 1911, about 3100 and this year the num ber will probably exceed 3500. The major part of residence construction Is on the East Side. However, with the development of the West Side hills Into fine home districts and with the general public Improvement programme under way In South Portland, there Is every indication that the West Side will forge to the front during the next 12 months in the construction of homes. The total valuation of buildings is sued thus far for the month already exceeds the record for the correspond ing month of list year. With three more business days in the month, the gain will probably reach $300,000. The permits already this month show a total of $1,586,431, compared with $1,375,315 for the entire month of last year. During the week there were Issued 137 permits, with a total valuation of $209,490. The record of the Building Inspec tor's office for the week is as follows: Number. Amount. Mondav 35 Tuesday 2 $U1,45 31.4.10 25.3H5 Wednesday -1 Thursday ..................... -1 1-rlday 20 Saturday ....... ......... 11 14.445 37.0k 9.695 Total 137 $209,490 REAL ESTATE IS ATTRACTIVE 31any Big Business Men Are Owners of Real Property. Most of Philadelphia's successful business men are large realty owners. In fact the bulk of the fortune left by the late William Weightman was invested in real estate, his holdings totalling more than $60,000,000, says an exchange. Much of his realty was central, although he had large inter ests in about every growing neighbor hood In the city at the time of his death. As a matter of fact, practically all of Philadelphia's successful business men invest heavily in good real estate when the opportunity offers. The rea son for this is two-fold. In the first place, as has been said before, good real estate is an absolutely secure in vestment, and secondly, it forms an excellent means for raising money on mortgage at a low rate, for use In a mercantile business, where a profit many times the rate of interest paid on the mortgage is possible. The rate for mortgage loans is about 5 4-10 pet1 cent, while merchandise profits are In many cases nearly five times as much. BANKER AIDS STOCK INDUSTRY Hogs Imported by Bend Man and Distributed Among Farmers. Practical co-operation with the far mer by the banking interests has proved successful at Bend, Or., where C 8. Hudson, cashier of the First National Bank at that place, has greatly encouraged the hog raising in dustry. It seems the plan was orig inated by him and it Is growing in favor In many parts of the country. Mr. Hudson believed that the country around Bend was a good one for bog raising, arranged for the shipment of a carload of well-bred sows from the Middle West, distributed them to farmers in the vicinity of Bend and took their notes in payment, these notes to run for one year. The first year of this experiment has now passed, and Mr. Hudson is very much encouraged. In a letter Just received by D. O. Lively, vice- president of the Portland Union Stock yards Company, Mr. Hudson says: "I am glad to advise you that the hogs will prove to be a very profit able Investment for the people who purchased them. I have had a report from each man, and taking the two litters of pigs from each sow I be lieve they will average a profit of 100 per cent apiece or more. In two or three cases I know they made as much as 200 per cent." GASTOX DISTRICT IS ACTIVE Rich Farming Land in Demand, De clares Thomas Cannlchael. Thomas Carmichael, of Gaston, an extensive land owner and breeder of high strained cattle, said while In the city last week that he expected to see a big activity In farm lands In his as trict during the next few months. "The Gaston district is about 32 mtles from Portland and Is one of the richest In the valley," said Mr. Carmichael. "Prices of land have been kept low, but values are bound to Increase as the de mand for farms there Is growing steadily. The electrification of th Southern Paciflc line will mean a great thing for our district. The residents and landowners there believe that th project to bore a tunnel under Council Crest also will prove a great factor in the development of the Tualatin valley and the Gaston territory." REALTY TITLES ARE SOURCE OF 3IAXY DIFFICULTIES. In Investigation of Property Owner ship Many Things Must Be Con sidered, Declares Expert. Some interesting sidelights into the business of handling property and the formalities connected with a transfer of real estate are given by F. L. Taylor, secretary-treasurer of the Spokane Ti tle Company, in a recent interview. In the investigation of real estate titles he points out how It is necessary to watch the changing of residence sec tlons into business districts, the com ng of new additions, the Improving of streets, the building of railroads and carlines, the careers of men made wealthy by wise treal estate invest ments and others ruined by financial reverses, and of husbands deserting wives, and the records of marriages, births and deaths. "Many of the misfortunes shown by the records are due to misunderstand ing ot the law and failure to consult at torneys. This is shown in the case of the man who, in purchasing property, has it deeded to his wife, with the idea that in case of death or Insolvency it will be safe from the claims of other heirs or creditors. Usually they re main In happy ignorance of their error until after death or financial difflcul ties overtake the husband, when they learn too late that the deed to the wife had the same effect as if it had been made to the husband. Some lay men foolishly undertake to prepare their own wills, with the resul; that long litigation follows. "When the investigation of a title is commenced the entries in the ledger affecting the property are all listed, and also the names of all persons who have owned that property. The ac counts containing these names are then examined and all Instruments of the second class are listed. The fnstru ments must be written up from the original records. This makes visits to the offices of the auditor, clerk treas urer, assessor, sheriff, engineer snd commissioners at the courthouse neces sary, and also to the offices of the city clerk and treasurer and the land of fice and of the Federal courts. County taxes and city assessments are also examined. "This may show 'clear record title' or defects in the title that must be overcome, sometimes with an affidavit to correct a minor error. W.'itn every thing has been disposed of the certlfi cate of title Issues. This is a concise. guaranteed statement of tha condition of the title." XEW FREIGHTHOUSE DELAYED Ground Which Was Filled Recently Not Thoroughly Settled. Completion of the new Southern Pa cific freight-house on East Oak street may be delayed for six or eight weeks to allow the ground upon which it rests, which was filled in by sand and gravel dredged from the river, to settle. The earth upon which the concrete head wall on the south end of the structure rests already has settled more than six inches since construction work there was started a few weeks ago. Explorations in the neighborhood re vealed that other filled-in ground set tled fully 12 Inches before It became solid. The Southern Pacific property is settling at the rate of about an inch a week. Work on the steel frame of the freight shed Is progressing at a normal rate. Fine Home Planned. Architects Johnson & Mayer have completed plans for a seven-room dwelling to be built on East Twenty fourth street, near Hawthorne avenue, for H. L. Ganoe. The house will be of Colonial type of architecture and will be completely modern. The con tract for the building will be let next week. gga-g 1 4. . . .'! Jl-JLK JUL. '.'U1 J- --- M ' -- - . $ NEW OREGON JOURNAL BUILDING, SEVENTH AND YAMHILL STREETS, WHICH IS NEARING t t COMPLETION. 1 ; F..1... '..-... ' Tt. ' VSfr, - .1,, ;; COST OF STRUCTURE WILL BE ABOUT e300,000. NEW OREGON JOURNAL BUILDING, SEVENTH AND YAMHILL COMPLETION. SCHOOL RISES ireproof Structure on East Side Under Way. COST TO BE $134,000 New Failing Grammar Schoolhouse to Bo Modern in All Details Big Audltorinm and Ventilating Plant Are Features. Portland'K finest and most modern grammar school building is now under way on the West Side. The structure is to occupy the center of a double block bounded by Corbett, Porter, Front and Hooker streets and will be known as the new Failing School. It will be constructed of absolutely fire proof material. There will De 12 large Classrooms on the first floor, in addition to teachers' room, principals reception-room ana private office and coat and hat closets. There will be six stairways on this floor. On the second floor will be eight classrooms, two restrooms for teach ers, storerooms and auditorum. The ize of the auditorium will be 37x88 feet. It will be provided with two DRAWING OF FAILING GRAMMAR SCHOOL BUILDING NOW UNDER WAT. MODERN FIREPROOF STRUCTURE TO COST lS4,0OO. special stairways leading directly to the outside, so that when neighborhood meetings are held the public can be admitted without entering other parts of the building. Special attention has been given the arrangement or the playgrounds ana playrooms. The outside playgrounds for girls will be 42x90 feet and will occupy space In the center of the east front of the building. The boys' out side playgrounds will be of similar ar rangement on the west side. The play grounds will be covered, so that it will be convenient to use them at any time of the year. In addition to the play grounds, ample provision has been made for playrooms for boys and girls in the basement The playrooms will be at separate ends of the basement. The heating and ventilating systems will be important features. The air will be washed and filtered before used. Each pupil will have the benefit of 1800 cubic inches of the treated air an hour. While every modern convenience has been Included in the plans, the archi tects, Whitehouso & Fouilhoux, have kept the cost of the building as low as possible. The contract for the construction has been let for $134,000. The building cost includes the installation of the heating and ventilating plants, plumbing, paint ing and finishing work. The plans call for the best plumbing fixtures. The building will accommodate 922 pupils. The cost of the building will be equal to $137 to each pupil and $5750 for each classroom. It is expected that the building will be ready for occu pancy in the early part of Winter. Californian Buys Tract. T. M. Hill, of Oxnard, Cal., has pur chased a tract of 20 acres from E. B. Clark, the consideration being $5000. The land lies near Witch Hazel and is unimproved. The sale was negotiated by J. J. Curtis, of the W. C. Harding Land Company. STREETS, WHICH IS NEARING FIRE MENAGE GREAT Third-Rate Apartment-Houses Endanger Lives. HIGHER STANDARDS URGED Fireproof Structures for Apartment Dwellers Among Greatest Xeeds of City, Declares Port land Architect. That the construction of apartment- houses In Portland, whether in the fire zone or not, should be of fireproof material Is a question that has been receiving the attention of architects as well as contractors. Uf all tne apart ment structures erected in Portland the past year there are very few of fire proof, class "A construction. There are three or lour Duiiaings being planned now, however, that are to be fully fireproof. "Portland win nave an apartment- house fire some of these days that may result in much loss of life and prop erty," said an architect yesterday. During the past rew years many apartment-houses have been built in Portland that are far from being fire proof. Fortunately, there has been no serious fire In any of them, but I be Ileve that it Is up to the city authori ties to pass an ordinance now prohibit ing the erection of frame or mill con structlon apartment-houses. Fireproo material costs more, of course, but In the long run It proves the cheapest. "The present standard of living has created a demand for apartment houses In all cities. The larger thi city, the" more pronounced Is the de mand for thi class of buildings. The apartment-house is now a permanen institution. There are so many things to be considered In this matter that no time should be lost In providing for every safeguard possible for the bene fit of apartment-house tenants. In my opinion, an apartment-house should be lust as nearly fireproof as any Duiia ing in the downtown district. "In the apartment-house district on the West Side it will not be many years before much of the area win be built up solidly with apartments. If the lower class buildings are permitted to rise in this district it will prove a big mistake. Portland is going to be a big city and we should begin now to build right. Fireproof construction In apartment-houses Is the one great need In Portland today." Building Inspector Plummer is of th opinion that more serious consideration should be given this kind of construc tion. He points out that a fireproof apartment-house is a much better in vestment than a frame or mill con structed building for the reason that the cost of maintenance is less, insur ance Is lower and it attracts a better class of tenants. As a matter of fact a large percentage of apartment house dwellers today Insist on living In fireproof buildings Just as much as do transient hotel patrons. GUI-OVER LANDS SOLD LOCAL- SYNDICATE ACQUIRKS 2400 ACRES. Rich Acreage in Scappoose District to Be Subdivided Into Small Tracts. . One of the important deals of the month was closed a few days ago when 2400 acres of cut-over lands In the Scappoose district were purchased by a syndicate composed of J. B. Ruley, formerly of Gilman, 111.; E. L. Luedde mann. of Colorado Springs, Colo.; B. E. Woods, of Tellacaset, and several Port. land Investors. Both Mr. Ruley and Mr. Lueddemann have removed to Port land and will reside here permanently. The tract Is Ideally located, being about 25 miles from Portland on the southern watershed of the Columbia River. The entire length of the tract is crossed by the Portland & South western Railroad, a standard-gauge line connecting with the S. P. & S. at Scappoose. It is announced that the line will later be extended to the Ne halem Valley. The greater portion of the tract is slightly rolling upland, but there are large parcels of bottom land lying along the creeks that traverse tne property. The soil is classified as red shot and is considered excellent for fruitgrowing as well as intensive farm ing. The property has been subdi vided into small tracts and is now be ing placed on the market under the name of "Scappoose Acres. The tract was purchased from the Chapman Timber Company, one of the heavy owners of Oregon timber. This company is now carrying on logging operations in that district, headquarters for these operations being located at Chapman station, which Is in the cen ter of the tract platted as Scappoose Acres. These operations afford em ployment for many men. It Is under stood that the company prefers resi dent employes and is giving the pref erence to settlers upon the adjoining lands. Scappoose Acres Is being sold through Lueddemann, Bothfur & Com pany, and has just been pt on the market. The gale of the tract to the holding syndicate was negotiated by Luedde mann, Bothfur & Co., of Portland. "SEE AMERICA FIRST," SLOGAX Association Organized to Exploit West's Scenic Beauties. One of the greatest advertising and promotion schemes ever projected for boosting American scenery and passen ger traffic was launched in Chicago re cently by the temporary organization of a See-America-First Association. Passenger traffic officers of Chicago terminal rail and steamship lines and resident representatives of other rail and steamship lines met and after general discussion the following was adopted: "Recommended, that an or ganlzation be formed, to be known as the See-America-First Association; that the membership shall consist of all car riers, both land and water, chambers of commerce, boards of trade, civic or ganizations and others interested in the 'See-America-First' idea; that the ob ject shall be the propagation of the slogan 'See America First,' and ex- ploitatlon of American scenic wonders; that the chairman of this meeting shall appoint a temporary board of managers to act until their successors are regu larly elected; the composition of the permanent board of managers to be a matter for later consideration; the chairman of this meeting to call a con ference of the temporary committee or board of managers at an early date; the subsequent meetings of the full or ganization to depend upon the action of the temporary committee or board of managers." Communications were read from commercial organizations and representatives of carriers in the United States, Canada, Mexico and the Hawaiian and Philippine Islands, prom ising support of the movement. RESIDENCE SALES ARE BRISK Good July Business Reported hy Provident Trust Company. We have had an exceedingly active month In sales of residence property and building sites," said G. F. John son, manager or tne TOviaent Trust Company, yesterday. "We have closed many sales in tne Laurelhurst and Rose City Park districts, while the movement In lots in Irvington Park, Glenelyn Addition and Rose City Park has been particularly brisk. 'The company Is now building a large number of houses In different parts of the city. We are arranging to engage in tne nome-Duiiding Busi ness on an extensive scale. Portland Is in a prosperous condition and is bound to be prosperous and make uch greater growth during tne en suing year. Portland is now essen tially a city of homes, and there is every indication that the development along this line will maintain a healthy pace." Fireproof Apartment Under Way. The contract for the construction of the seven-story Wauna Apartment- house for the Hoffman estate has been let to the Brayton Engineering Com pany. The structure will be located on Davis street, between Twenty-first and Twenty-second streets, at the head of King street. The structure will be fully fire-proof and will cost $175,000. Work was started on the construction last week. The building was designed by Whltehouse & Fouilhoux. A mntfir ODerated caoatan and a spring buffer coupling- for trailers feature an army automobile truck recently built In Paris. ST PARK IS MAKING BIG STRIDE Many Attractive Cottages Al ready Completed and More -Being Planned. LOT SALES ARE ACTIVE Development of Grounds and Com pletion of Driveways Are Big Aid to Resort Summer Col ony Increases Rapidly. Among the most popular and rapidly, advancing seaside districts of Oregon Is Gearhart Park, which Is a part of Clatsop Beach, a short distance south of Astoria. Established onlv a few years, Gearhart has not only a big colony of Summer dwellers, but also contains a large number of attractive cottages. So far this season more houses have been built and planned than at any period since this resort was established. In addition to the erection of cot tages, there has been an unusual amount of development work this year. There has been more than a mile of roadways, sidewalks and bulkhead con structed since last season. ' Additional electric wires and water main exten sions have been installed to serve the numerous new cottages. Work Is progressing on the macad amizing of the county road from Gear hart to Astoria. With the completion of this work there will be 60 miles of modern roadways leading from Gear hart to Jewell, on the Nehalem River that can be traveled by automobile with comfort at any. time of the year. The road east of Jewell is also being improved. This stretch of road will be about ten miles In length. When completed it will be possible to drive automobiles on good roads virtually the entire distance between Portland and Gearhart. Many automobllists have made the trip this season, and pronounce it a most enjoyable drive. Marked Improvement Made. "A marked improvement was shown this year in the early season businesi at Hotel Gearhart, which, with the ac tivity last Winter, indicates that Gea-- hart is a popular resort throughout the year," said O. W. Taylor, manager, yes terday. Patronage at the natatorium is larger than it was last year, and it will be necessary to enlarge the swimming tank at once. "The sluicing of the sand-dunes. which was carried on continually all last Winter, has shown a big improve ment in the landscape north of the hotel, where building operations of a substantial character have been started. The golf links are proving more popu lar than ever this season. The putting greens were re-seeded last Fall, and are constantly rolled. They are now considered among the best In the Northwest. There has been a great increase in the number of people from the country north and east of Portland, especially from Spokane and other points In the Inland Empire. Climatic conditions in that territory are such that the people seek the beach earlier and stay later than do the residents here. It is this patronage that Is becoming a big sup porting factor at uearnari. 'Travelers to and xrom me Deacn greatly appreciate the Improved road bed of the S., P. & S., which was bal lasted last Spring. The train service has been especially good this season. The tourist trips to Astoria and visits to the canneries, the Jetty at the mouh of the Columbia River and the beach at Gearhart have proved popular. The Lower Columbia Klver Agricul tural Society, organized by the far mers of the Lower Columbia district of both Oregon and Washington and of the Nehalem Valley, will hold its fair at Gearhart this year. Contracts have been let for the construction of buildings for the fair. Besides exhib iting its products at the fair, the so ciety has made plans to exploit its products in the East. The fair will be held septemoer u-io. Many Building Sites Sold. In addition to the erection of about 25 cottages at Gearhart this year, there has been a big activity in lot sales. Portland residents so far this season lead in the number of lot purchases. Miss Lucy Prescott Smith recently pur chased two lots and is having plans drawn for a large modern house. Dr. . James C. Zan has just bought a lot near the ocean front, and will erect a house soon. Dr. George A. Marshall is occupying his newly completed cot tage. Martin Schacht, a Portland archi tect, bought a building site and is plan ning a cottage. Architect J. Andrew Fouunoux nas just completed a house on the ocean front at a cost of $3000. Samuel Ros enblatt, a Portland merchant, has re cently purchased an ocean-front lot, and will soon erect a modern residence. Judge J. P. Kavanaugh Is building a cottage on Ocean avenue. H. J. Fisher and L. Gedamke built cottages at Gear hart early in the season. J. B. Tennent has let the contract (or a unique bun ealow. Arthur Hertz and family are occupying a cottage recently purchased from the Gearhart Park company, airs. Robert S. Farrell moved into her cot tage lust completed by the Gearhart Park Company on Marion avenue. Miss Grace B. McGinn has Just finished a cottage on Cottage avenue. Postmaster C. B. MerricK is a receni lot-buyer at Gearhart. D. W. Ward has bought a fine ocean-ironi lot on which he will build. Judge M. G. Mun ly is planning to build a beautiful Sum mer home in the near future on an ocean-front lot recently acquired by him at Gearhart. Mrs. Frances c. vvui- man has completed an attractive bun galow on Cottage avenue. Miss Frances Gage, traveling secretary oi me i. W C. A., has Just compieiea a nana some cottage on Cottage avenue, which has been leased to R. D. Carpenter for the season. R. F. Barnes and family have moved into their new cottage on Marlon avenue. Father George tr. ThomDSon. of the Church or the Mag dalene In Porthwid, has completed the Church of St. Margaret at Gearhart. which was opened last bunday. Arch bishop Christie officiating. Other recent Duyers oi lots at uear- hart include W. F. Staley, L. F. Steph ens, Mrs. Anna Coleman, V. L. Strong. Elizabeth Hazlett. A. W. Stewart, Mary Sheridan, Jane V. Doyle, Ivan Hum- ason, UT. caivin o. wniie, iu&ra w. Gill, J.. P. Bronaugh, J. J. Jaeger, A. H. McGowan and J. E. weriein, most ot whom are planning the erection of cot tages before the opening of next sea son. Colonial Residence Under Way. The Mautz Building &. Investment Company is building an eight-room Colonial residence on Summit avenue, in Greenway, for George Mayes. The dwelling will be 80x70 feet in sis and fully modern. The exterior will be faced with spruce siding ana tne chimneys will be of stucco. The bouse will cost about siu.uvu. G