Image provided by: University of Oregon Libraries; Eugene, OR
About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Dec. 15, 1912)
THE SUNDAY OKEGOyiASV PORTLAND, DECEMBER 15, 1912. 8 T REALTY EXPECTED Present Lull Due to Attention of Investors to Year's End Affairs. ' BIG PROJECTS . PLANNED Attractive Field in Oregon Opens for . Investments Outside Capital Interested Big Elevator Plant to Rise. ' While there is somewhat of a lull In the real estate market, no import ance Is attached to the present in activity. Boiled down, the facts are that investors and persons who have been in the market for some time have simply decided to wait until after the first of the year before they partici pate in the. local investment field ex tensively. Just now people are en Raged in clearing up business affairs of the year's end and consequently are not in a frame of mind to entertain of ferings of the brokers. There are. however, a number of sub stantial deals under way, and it is probable some important realty an nouncements will be made before the close of the month, or soon after the first of the new year. There is a strong feeling among the dealers that the forthcoming year will witness lively trading in Portland real ty, while the biggest land movement In the history of the state Is antici pated. The eyes of Eastern investors are turned toward Oregon. The rail roads already have been making prep arations for handling the largest colo nist traffic ever directed to the North west. Every one is looking forward to 1913 as the probable banner year in every kind of business. In building activity the new year will begin with more big structures In pros pect and with more construction proj ects financed than have ever been planned. Several big industrial enter prises are under consideration, new railroad projects are in the air, the lumber industry . is growing stronger steadily and the commercial conditions of the city are gradually expanding. In discussing the financial question, a writer in an Eastern periodical re cently made the assertion that the rea son interest rates are higher was pri marily due to the high cost of living. He went on to point out that gilt edge bonds which ten years ago sold readily at SH today go begging, ana tnat me same class of securities now must re turn at least 5 per cent before they are considered attractive by investors. Investors familiar .with railroad se curities are not over-anxious to buy other kinds of paper unless they are assured of the stability of the se curity, but they have come' to the conclusion that they must realize more on their money than they have been getting in the past. 'It is simply a question of meeting the higher charges on necessities of life. It takes about 11.35 to buy the same article that cost 31 less than 10 years ago. The pur chasing power of money has been re duced approximately in that ratio. During the past year Investors have been turning their attention to indus trials and real estate securities, which offer attractive rates. Promoters have not been slow to grasp the situation and find it much easier today to float stork and bond Issues in industrial, mercantile, realty and building enter prises than in years past. Wherever securities of this kind that bear 6 or 7 per cent "pass muster they are quickly subscribed. A new and attract ive avenue for the investment of sur plus funds of the people has been cre ated through the economic and com mercial evolution that has been taking place during the last four or five years. That this new condition is of great Importance to Oregon there can be no doubt. It will mean that there will be available Immense sums of Eastern money for Investment in land develop ment projects, timber lands, business Institutions and industrial enterprises of many kinds fn this state. The "de velopers" of Oregon have a great op portunity to secure almost any amount of capital for any legitimate project that may be floated. Capital is almost unlimited amount is awaiting invest ment. The important thing for com mercial organizations and the Portland Realty Board to do right now Is to, watch all flotations closely and to see that they have merit before out side capital is Invited to participate In them. There were Issued during the week 114 building permits, involving a total cost of $145,230. Of the total amount, there were Issued 40 permits for dwell ings, representing an investment of 3114.800. Plans for the new reinforced con crete grain tanks and elevator for the Globe Grain & Mllling'Company were filed with the City Building Inspector last week. The plant will contain IS tanks. 100 feet high, with a capacity of S50.000 bushels. The elevator will be 1S1 feet in height. The Improvements will cost about 1100,000. The structure will be planned for additional units, and later it Is expected that a total of $250,000 will be expended In the project. The plant will be situated on O.-W. R. i N. property, lying imme diately south of the East Side approach of the old Steel bridge. The contract for the construction of the plant has been let to the Brayton Engineering Company. IMPROVEMENT CLCB FORMED BRISK HADING Residents of Laurelhurst Plan for Community Betterment. On Monday evening, 38 residents of Laurelhurst gathered at the home of K. S. McCutchan, 181 Floral avenue, to complete the organization of the Laurelhurst Improvement Club. Dr. J. D. Fenton as president, Charles Rlngler as vice-president. Owen gam mers, Jr. as secretary. Rufus Ball as treasurer and H. S. McCutchan, . L. H. Maxwell and T. S. Townsend. as direc tors were unanimously elected for the ensuing year. Pr. Fenton appointed the following chairmen of committees: Dr. Anthony, streetcar service: C. K. Henry, lighting and telephones: Earl H. Parker, Parks: W. M. Davis, schools, and W. J. Clarke, street cleaning, police and fire pro tection. The club was organized through the necessities of the addition as well as a district social organization. Plans are already under way for the erec tion of a clubhouse, which will embody all the social needs of the district. After discussing the streetcar service and other needs of the addition, the meeting adjourned. The next meeting of the club, will be held at the office of the Laurelhurst Company, at East . Thirty-ninth and East Glisan streets, tomorrow night at 8 o'clock. The organization promises to be a great benefit to the addition and all the residents In the district are urgent ly requested to be present at the meet ing, at which time the bylaws will be adopted. . 1. PERSPECTIVE SSftS -far- r33E U 3F KlRijSi til J bsi?' -i - ' fr I --awv f p-V, .'J Property Owners of District Pay Out $30,000. BULL RUN WATER SECURED Several Streets Yet to Be Paved Be fore Fire Apparatus Could Be Used t Advantage Protec tion Will Be Asked Soon. Adjacent to Reed College'on the east Is the beautiful residence district .of Woodstock, one of the pioneer suburbs located on the elevated ground over looking the city. Woodstock has kept up with the procession that has marked the progress of all East Side suburbs. In the matter of streets Woodstock property owners have spent about $300,000 for grading and cement slde .ivi nronaratorv for the more en during hard-surface pavements to come One of the greatest gains of the past year la in securing Bull nun wi uj the purchase of and supplanting of the local water plant by the city. The local plant was taken over, but that left the same small water mains, which .rl.nuate to the needs of that growing district, and hence there came a. demand for larger reinforcing water mains, which have just now been com pleted, providing an ample water sup ply for all purposes. This year the city, through the water board, laid 13 and 18-lnch reinforcing water mains, which run on East Forty-first street to Woodstock avenue. The eight - inch main connects with the 12-lnch pipe line which comes direct from the Mount Tabor reservoir, and It is carried dl- w '.k. I..,,,- nf the. Wood- rectiy inrouu .took district. Residents generally say they are getting pieuijr i W6r i. - amnll section Of Woodstock where the old mains tnat served the people wnen mo . i AnAMtnT, still xnnnlv the plant was in . . people, but these will be replaced with larger mains in ma Property Needs Protection. . - n, 1 1. Thaa WftlTIK S Center Of Importance and has plenty of presently tne peopiu ."c -- --- a fire station and fire company for the protection of property in the district. However, several of the important streets must be pavea oeiuit apparatus could be used to advantage there. This year u ib iiuui"-.- w ? , casi r ui ij-ino. . - gate and Woodstock avenue, a distance of nearly one mile. Holgate street also will be paved between East Forty-first and East Twenty-sixth streets. This district improvement win tsivo ... .i -oL-rtrtatnrk district a mc euuis . . paved street into Portland by way of Holgate and tast iwBHiy-Biiu. thought probable that Woodstock ave- ... .l.n Ka TIATt VOHT. but hub iiic j ' so far no proceedings have been start ed for mat improvement, xuc vuuuu i. . -j n Wa t- Vnrt V-Hpoond street between Holgate and Powell Val ley road, as It is a county road. Altogether, the street Improvement programme for 1913 is an ambitious one for the Woodstock district, but the property owners are determined to carry it out. Car Service Better. A a-reat gain has been made in the streetcar service. The Portland Rail way. Light & Power Company has laid n..Kl. i.a,.lra nn thA WnndRtork line from the corner of Clinton and East Twentieth streets to Gladstone avenue and on Gladstone avenue to East Forty second street, and the car service has been greatly Improved, so that there is an eignt-mmuie service in u ruu hours of the morning and evening. East Twenty-sixth street is to be paved between Powell and Clinton streets, and tne streetcar company nas laid down double tracks before the pavement is put down. Few suburbs now have better car service than Woodstock and the Intervening terri tory. The company probably will lay j . . . i a, T- t ITnrtv-f lrt street to Woodstock avenue in advance of the hard-surface pavement which la to be put down next year. . At present the cars pass each other on side spurs on East Forty-first street. In the matter of new buildings. Wood stock has made good progress, homes of excellent class having been built in the terrttory between Woodstock ave nue and Holgate street, on the brow of Woodstock ridge, ranging in cost up to 110.000. F. L Phelps, president of the Woodstock Improvement Associa tion, said this week that Woodstock has made more progress in the construc tion of homes than ever before, es WOODSTOCK TO PAVE OF MODEEN HOTEL TO EISE ON r mmmmmmmamtm PROPOSED STRUCTURE TO COST (75,000, pecially of the better class, built by residents attracted by the high grounds. BIG BUIMUJfG TO BE RUSHED Work on Pittock Block to Be Under Way Within SO Days. With details of the proposed Pittock block already worked out, work on the big structure will be started within 30 days, according to announcement made yesterday by Architect D. C. Lewis.' who has Just returned from San Francisco, where he consulted with the directors of the "Northwestern Electric Company In regard to the plans. The building will, contain six stories and will have a foundation to carry 13 stories. It will be of reinforced concrete construction, fully fireproof and modern In every detail and will cost around $700,000. The site, which has been leased for a period of 50 years, is bounded by Washington, West Park, Stark and Tenth streets. It is now virtually settled that the central portion of the building will be devoted to theater purposes. It is un derstood that Sullivan & Considlne will take a lease on the theater for the Orpheum. SEVENTH STREET ACTIVE MAX! MODERN BUIXDIJi'GS ARE ' NOW PROPOSED. Cord Sengstake Has Plans Drawn for Seven-Story Hotel Memorial to Pioneers Talked. with tha authorization by the City Council for the widening of Seventh street from 0 to 80 feet, between Burn- Ma g,rA TTnv streets, and the lmmedl ate prospect of routing a large part of the East Side streetcar traffic over the new Broadway bridge and up Seventh street, a big building boom Already a number of buildings are being planned, and it is believed that by another year a large pomuu ui mi street north of Burnslde will bb built up with attractive structures. Among the new buildings planned Is the seven-story fireproof hotel struc ture which will be erected at the north east corner of Seventh and Flanders streets for Cord Sengstake, a Portland capitalist. The building will be of re inforced concrete construction, with J w.b ..tlnr On tha first floor there will be five rooms for stores in addition .to the hotel lODDy. , xnere will be 15 rooms on each of the upper 1 MnJ knn ....half flf ttiam will be provided with bathrooms. The build ing will cost about 173,000. jsawara a.. Foulkes, of Portland and San Fran cisco, la the architect for the building. In line with the general development programme on Seventh street, a move ment is under way for the installation of a memorial at Pioneer Place, Seventh and Ankeny streets, In honor of the early pioneers of the city. It Is un-derstood-a substantial donation for the purpose will be made by one of the Seventh-street property-owners. . MORTGAGE COMPANY OP NETH ERLANDS CHOOSES OREGON. Portland Is First City In United States in Which Big Foreign Concern Will Operate. Portland has been selected as the first city in the United States to be in vaded by the Mortgage Company For America', a Netherlands corporation, en gaged in the mortgage business. The company yesterday opened quarters in the Ainsworth building. President H. S. Gratama, of The Hague, Is in the city to assist in getting the offices opened and the company started in business. He will give way in a few weeks to J. Humfeld, who will be In charge of the office permanently. The company, which is one of the best known of foreign mortgage con cerns, has recently made an Investiga tion of Oregon and reached the conclu sion that the state is a good field for the Investment of Holland money In first-class mortgages. It Is the plan, according to Mr. Gratama. to place sev eral million dollars within the next two years. This conclusion has been reached after the mortgage, as well as the land value situation, has been looked Into in detail. The company recently opened agen cies in Western Canada and has estab lished a good business, placing a large amount of Holland money In farm loans. Records of the Bureau of Statistics show the Imports of natural and artificial mineral waters into the United States) to have ag gregated In Talua (1.128.814 in 190V; 1961, 886 in 1810. aa4 fl.06T.603 In 1811. SEVENTH STEEET. BIG PLANT IS SOLD Portland Furniture Factory Brings, $250,000. TACOMA CONCERN BUYER J. Ii. Carman, One of Country's Big gest Manufacturers, Outlines Plans for Improvements Costing $180,000. One of the Important deals' of the week was the purchase by J. I Car man, nresldent of the Carman Manu facturing Company, with headauartaVs at Tacoma, of the business and hold ings of the Oregon Furniture Manufac turing Company, Involving a considera tion said to be between 3350,000 and 3300,000. The purchasing company will make extensive Improvements In the plant immediately. It is planned to expend about 3150,000 in additional buildings. The site of the newly-acquired plant Is considered ideal for such a purpose, having 600 feet of water frontage and direct shipping connections with all railroad lines coming - into Portland. There are eight acres in the site. With the enlargement of the plant as now proposed, it will be the' larg est factory of the kind on the Pacific Coast. The present payroll of about 200 will be Increased to 400 or moWTmpetu9 Given Business Through employes, ana tne uuipui win uvv n doubled probably before the end of an-VTfecent Poultry Show rrediotion other year. W Tht Ktata Soon Will The Carman Manufacturing- Conjpany f- Is one of the largest furniture nilncSd, ue Extensive Exporter. facturlne concerns In this country, with assets estimated at between ll.oOO.o and $2,000,000. It owns two plants Tacoma, one at Seattle and one In No Portland. The North Portland pla! will be consolidated with the Orego Furniture Manufacturing Company plant In South Portland. The purcha In a- comnanv is capitalized at $1,000'. 000 in Washington and $100,00J'in(ere gon. '. ' The Oregon Furniture Manufactur ing Company was the oldest concern of the Kind in tne state ana one at me pioneer industrial enterprises on the Pacific Coast. . The plant was managed many years by Samuel Lowenstein, who retired as president of the company In 1900. A short time afterwards Fletcher Linn reorganized the company, purchased the site In South Portland and erected the plant which now .occupies the site. The new factory began operation in 1903. R. E. Bristow, Portland manager of the Carman Manufacturing Company, who now has charge of the plant, said yesterday that plans for remodeling and extending the present buildings have already been prepared by Architect C. H. Bristow and that work on Improve ments will be started Immediately. The present warehouse, which Is of heavy mill construction, will be en larged from three to five stories and an additional 180 feet built. The build ing in Its completed form will be five stories high, 80 feet wide and 280 feet long. In addition to this improvement, excavation for a basement under the other portion of. the factory will be made, which will provide space equal to an additional story. The plant will be operated with electrical driven machinery and will be made modern In every way possible. The purchasing company will continue to operate the sawmill as a part of the plant. "When our Improvements are com pleted, we will be able to make every thing In the furniture line except roll top desks, right here In Portland," said Manager Bristow. "We will not ship In any Eastern-made goods. We will continue to manufacture case goods and will increase the output of up holstered goods which we have been making In the North Portland plant It Is our plan to add a complete line of mission chairs, rockers and library furniture. The plant will 1 Ihe larg est on the Coast making jjavenports, Turkish rockers and upholstered fur niture. It Is our aim to make the Portland factory the leader In manu facturing the latest and newest designs In furniture." The negotiations for the sale of the stock of the Oregon Furnituring Com pany to the Carman Manufacturing Company were conducted by Mr. Linn and Mr. Bristow. Parkrose Acre Bonght. " An acre In Parkrose was purchased last week by W. Newman for $1500. Mr. Newman will build a home on the plot soon. The sale was made through the agency of the Slauson-Craig Com pany. The same firm sold a lot In Rose City Park to Lillian P. Putnam lor 11750- An Unusual Event 20 Lighting Fixture Sale 20 The In Addition To this liberal discount we will give free to the first five customers purchas ing $50.00 worth or over, one of our American Beauty Electric Irons, which carries a lifetime guarantee. OPEN EVENINGS UNTIL CHRISTMAS THE M. J. WALSH CO. SALESROOM 311 STARK STREET LIGHTING FIXTURE MANUFACTURERS HEN INDUSTRY BIG Oregon Climate Well Adapted to Poultry Raising. BRIGHT FUTURE FORESEEN That the people of Oregon are com lng to realise the Importance of the poultry business to the prosperity of the state Is evidenced by the wide spread interest, and the number of new exhibitors at the fourth annual exhlr bltlon of the Oregon Poultry and Pet Stock Association neld last ween. : T-eadln breeders say that they are receiving inquiries and orders from all parts of the state in unpreceaeniea number. Dealers In scientific foods and sanitary appliances make' similar op timistic reports. All the Indications are that Oregon is on the upward march to the point where she will not only produce enough poultry products for her own use, but be exporting them, instead of Importing annually over $2,500,000 worth, as is the case at '"wuh a climate unexcelled in . the United States for the raising of fowl, with cheap feed, green stuff the year around, and a good market right at home there is no reason. In the opinion of leading exhibitors, judges and of ficials of the recent poultry show why poultry-raising should not become a very profitable business for many more than are at present engaged in it in n.-.o'vn Witm seldom go below 20 cents wholesale, and during the Win ter months the price often goes as high as 65 cents a dozen. Freaa Eggs Always Sought. That a fresh, home-laid egg is the one "made-in-Oregon" product that needs absolutely no argument as an inducement to the buyer is proved in Portland 'markets every day, where people are seen willing to pay 10 or 15 cents a doien more ior sinwra nrmn fresh esTcrs than for the ques tionable cold storage product shipped In from the Middle Western states. Many Portland people have solved the egg problem by keeping five or six hens in the back yard, feeding them ninaiiv on scrans from the table, and by good care It Is maintained that a supply of eggs aumciem iur cuuo.ms purposes may be obtained from this number, even at the time of year when most hens take their Winter vacations. Most of tha eggs Imported to Oregon are consumed in Portland and there Is a chance for the home production to Increase several million dollars' worth without affecting the price downward. If indeed, the demand does not always keep ahead of the supply. All Varieties Tbrlve. Not only chickens, but turkeys, ducks and geese thrive in the Oregon climate. The Willamette, Umpqua and Rogue River Valleys offer conditions that ex perts declare are ideal for general poul try raising. Southern Oregon Is par ticularly adapted to turkeys, although all kinds of fowl flourish there. The Rogue River Valley was until recently an importer of poultry products, but has the past year turned this Industry to the other side of the ledger, having become an exporter at a good profit. One lesson taught by the poultry show was that Oregon has so "pet"1 M. J. Walsh Co., for the time, will place on sale their exquisite line of Lighting Fixtures, Domes, Piano Lamps, Showers, Chandeliers, . Library Lamps, Bronze Figures, in silver, Italian gold, bronze; old brass and antique finishes, at the great reduction of 20 per cent, Mon day morning, December 16, and con tinuing until December 24. Also 25 A sweeping reduction of 25 per cent on our beautiful line of Anderson's Stand Lamps, Fire Screens, Fire Sets and all other fireplace appliances fin ished in antique, brass, silver and Italian gold, any of which will un doubtedly make a most acceptable and appre ciated gift. 25 25 Parties wishing any ol the above goods for future delivery can take ad vantage of this great reduction sale. varieties of chickens. All varieties reach perfection here, from the sturdy Plymouth Rock to the beautiful Sicilian Buttercup. The heavier birds lay bet ter and the lighter birds weigh better than they do in colder climates. "Pick any good strain, give them proper care and you cannot fail to get results," said one prominent breeder, whose coops were decorated with blue ribbons. "Oregon Is a poultry country. It needs poultry, and poultrymen." PRACTICAL- PLANNING BEST Business Men Now Construct Sky scrapers to Make Money. "It is a conceded fact that the life of the average skyscraper Is but 20 years, as in that time the neighborhood will rise and fall in value to such an extent as to make the building 20 years hence either too good for the neighborhood or out of date," said L. R. Christie, a Chicago architect, at the National convention of building man agers. "In checking up office buildings throughout the country I find many modern buildings making a dividend of less than 3 per cent. Analyzing such propositions, one cannot help but come to the conclusion that the original con struction and layout of the building is the direct cause of no better returns. "The days of putting up office build lngse as monuments to vanity to per petuate the name of an Individual have passed, and shrewd busines men now appreciate the fact that an office build ing Investment is there to earn divi dends the same as any other business. There Is no question that an office building planned by a specialized archi tect, coupled with the co-operation of a progressive building manager can come nearer to reaching an ideal building, not only from a point of beauty, but from commercial value." Fine Home Cnder Way. A. J. Roy is completing a line home on Wistaria avenue, near East Fifty second street. In Rose City Park. The house contains eight rooms and is modern In every detail. It will cost about $4500. BltiG HEARS EI1D 3,000,000 Acres Involved - Forfeiture Suit, WOMAN REFEREEINCHARGE government Tee ts Title of Oregon & Calif oral Grt Lands in west ern Part "Ci S&t Valued at Nearl 1.0 00,0 OO-.OOfl. Before 1S Margaret A. Fleming . Anrindins? testimony in toe r -2W,iit for tha forfeiture - - . nearly 8.000,000jicres oi graawo .w w .v. n.mm. A California Rall- road Company Is OeTSsttaaen in rorvi n r Towssena idwii as iw MHntftfl toe theNtXsitedi States Attorney-Oeneral In receT t.iiimniT of the witnesses have been sutiCWa. "W- ! Fentpr. raJ'r' tirst X 25 MORE TILLERS NEEDED EXTENSIVE DEVELOPMENT OF LANDS IS URGED. Speaker at Realty Board Meeting Declares Portland Shonld Aid In Solving: Big Problem. "One of the important problems be fore the people of Portland today is tha development of the agricultural lands and the natural resources of the state," declared A. I. Street, a Portland statistician, before the Portland Realty Board Friday. "One-third of the population of Ore gon is right here in Portland. This is an undesirable condition. It exists in only two other instances, that of New York and Chicago. We do not want to become topheavy. It 1b up to us to get more people on the land and to encourage a more general development In the state." Mr. Street Is engaged in compiling statistics of the building growth of Portland. In referring to data al ready compiled he said that 86 percent of the residence construction in 1908 was in houses ranging in cost between $1000 and $2500. Another feature of the meeting was a salesmanship demonstration given by Dorr E. Keasey, selling agent for Arlington and Kings Heights proper ties. Using George Schalk as a pros pective customer, Mr. Keasey dwelt on the advantages of a "view" home site and succeeded in getting a "deposit" from his "prospect" before he con cluded his talk. President Larson announced that no more meetings of the board will be acid until January 10. A nensi In oil Industry Is to be established at Mscquarle Island, about half way be tween Tasmania and the Antarctlo conti nent. This island, 23 miles long and 5 wide. Is estimated to contain probably 80.000.000 fienguins, so that tho stock seems almost lmltlesa. The i Future info may bring (o pass a "hearing" in which you are vitally interested in which your home is at stake. Guard against fu ture title complications by securing our Guaran teed Certificate of Title. . Investigate. Call for booklet. Title & Trust Co., Fourth and Oak Streets oil M Title Trot OV Company, I Portland. , Oregon. Please send me your booklet. . Name... Address..... ) L