The Sunday Oregonian. (Portland, Ore.) 1881-current, May 25, 1913, SECTION FOUR, Image 57

The Sunday Oregonian., May 25, 1913, SECTION FOUR, Page 11, Image 57

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Newspaper Page Text.wm-n-n t .- nwvnnvTH V TrT7TT Vn WAV 9.K . IBIS. - J I WEATHER IS TO BUSINESS AID All Branches of Trade Show Big Improvement During Past Week. $100,000 SALE IS CLOSED J. B. Yeon Acquire Quarter Block at Main and Broadway and Will Improve Site Building Op era t ion Are Brisk. With the advent of delightful weath er, all branches of business enjoyed healthy activity last week. There seems now to be a spirit of rustle and a feeling of confidence in the air. Th retail merchants report a marked im provement in trade conditions, th wholesale houses have been crowded in filling orders, home builders and contractors are busy and realty deal era report a steadily increasing; de mand both for home sites and invest ment propositions. The most important deal Of the month was closed last Wednesday when John B. Teon. a Portland cap italist, acquired title to the quarter block at the southeast corner of Main street and Broadway for 1100.000. The corner lot had been owned many years by the late J. M. Hodson, and the inside lot by Henry Traubenhelmer. The consideration for the corner lot was UO.ooo and tor the Inside lot 140.000. The sale was negotiated by tha H. P. Palmer-Jones Company. There are frame buildings on the lots, but these will be removed soon and a mod ern strurture will be built on the entire quarter-block. Fred H. Krlna has purchased from C. H. Farrlngton the 60xl00-foot lot on the south side of Salmon street be tween West Park and Tenth streets for IJO.OOn. Xotm-lthatandlng the fact that there " la a tendency on th part of some financial Interesta to discourage invest ment In either real estate, bonds or other securities of merit, the reoord in the County Clerk's office show that there Is a steady activity in the sale of real estate and In mortgage loans. The total amount of money loaned on Portland real estate last week was $283,650. while real estace sales In volved about $300,000. Building operations continue healthy. There were Issued during the week 164 permits, with a total valuation of $281,445. So far this month the total permits represent a cost of $711,000. ORAXBKRHIKS AUK TO BE (HOP Portland Investor!! Interested In Tracts Near Aberdeen. ABERDEEN", Wash, May 24. (Spe cial.) Development of the cranberry Industry on a - large scale promises to be accomplished through the efforts of local and Portland In vestors in t'hehalla County prop ery within -the next few: yeaen.-- The principal cranberry tract lies between Grays and Willapa Harbors along the beach, where a rich peat soil over a sand base Is found. This tract, which is Immensely productive, is a mile and, one-half wide and several miles long. It includes a number of swamp-like lakes, whlrh when drained by ditches duar and now being dug gives a big area for farming. Main operations In this locality at. this time are being conducted by Port land Investors. Several companies have secured large tracts. One Portland man Is putting 80 acres Into cranberries alone. The cost of cultivation for the first three years is fairly heavy, buf the returns on the first crop will pay for cultivation and the cost of the land. Tha land Is easily cleared and raises excellent celery. An Interesting experiment is being tried on the peat bog property owned by Samuel and Edward Renn of this city, nine miles below Westport. Here alfalfa has been planted In the loose aand. and It is believed that In this way much or the loose sand of the open beach can be reclaimed. Reports have It that Portland men have bought a large tract of land mid way between Grays and Willapa Har bors from John Stratum and that a large Summer hotel will be erected next year. The location is the finest for hotel purposes along the beach. SLOCGIl WATER IS SOtXDED Oreater Iepth In Columbia Slough Ttiouglit to Be Feasible. The examination made of Columbia, slough, from the Intake at the Colum bia River nearly to the mouth of the Willamette River, by Oeorge S. Shep-I herd, president of the Woodlawn Im provement Club. Is said to have estab lished the feasibility of clearing the slough of driftwood and making It ac cessible for smalt river boata with a little dredging. It would be necessary to remove or change the bridges Over the slough which are the causes of the obstructions. Another fact established, says Mr BUILDING AT rOl Construction has seen stsrted on streets, by the Investors' Building upper floors will be used for hotel GOOD Shepherd, was that there la no danger that the current from the Columbia River could ever rush through the in take and destroy the improvements made in tha Columbia slough district. His report shows that the banks are of cement "clay, and almoat aa unyield ing as rock, and show no- Indication that the wash of the current has any wearing effect on the banks. The depth there waa reported to be eight feet. It had been supposed that the first thing to da before the Intake could be dredged deeper would be to pro vide an expensive gate to regulate and prevent too great a flow of water. Ac cording to Mr. Shepherd's report this will not be necessary, and there will he no danger of the Columbia River Changing Its course and sweeping through the slough., Mr. Shepherd made the Inspection by rowing a skiff and using. a. sounding line, noting the current and the bridges, and learned where dykes might be built to advantage. This re port is the initial movement toward opening the slough and making It a great waterway of about It miles long for shipping along me norm iu Portland. Mr. Shepherd ssld that at no place was the depth less than eight feet and It Is 15 feet deep In many places. He says it would be possible, by pulling out the logs and pile-bridges, for ordi nary river steamers to enter the slough from the Willamette River and pass out into the Columbia River at the Intake with a deep waterway of from too to 800 feet the entire distance be tween the Willamette' and Columbia Rivers. Mr. Shepherd covered all the slough but one and one-half miles, but this part la not considered difficult, as small boats have entered and proceed ed as far as Kenton without trouble. The problem that remains to be solved Is how and by whom shall the dredging be done and by whom shall the cost be paid. MONEfSTRAIH LESSENS BACKING OUTLOOK IMPROVES STKADILY, KAYS CLEWS. Securities and ' Merchandise Are Liquidated and Reserves . Rise. Coast Receives Hint. - ' The banking situation In tha United States ia ateadlly Improving,, while abroad the financial strain has been matsrlally lessened since the endlnr of the Balkan war, according to the weekly financial report of Henry Clews, ot New York.. . Ia tha 'United; States, the bankers have been pursuing a conservative oourse during' the last few weeks. Loans and collateral have been carefully scrutinised, and more or less liquida tion in both securities and merchandise has followed. Mr. Clews says: "As a result bank reserves are be ginning to rise and a slightly better feeling Is developing in banking cir cle nArtlvMilarlv In the West. Pea' simlsm Is still strongest In New York and other Eastern points. This Is be causa all depressing factors tend to ooncentrate at these points. The East not only feef financial pressure more keenly than the West, but It has also had to contend aralnst tariff, labor and political troubles which bear more directly upon Eastern business eonai tions than upon the Interior. The West ia comparatively free of these difficulties, and has the compen- mini advantages of a (rood crop out look and larger opportunities for de velopment of natural resources. New Rns-land ktui been particularly de: pressed by proposed tariff changes and the heavy declines In some of her best securities which are widely held throughout the New England BtateH notably New Haven, Boston and Maine. and many cotton .ana wooien mm shares. "The home monetary situation hp neasa to bo gradually righting Itself. It is true that dear, money Usually means cheap stocks, but securities are now selling upon a very low basis, even allowing for any possible reductions of dividends.' The bond market snoi more settled conditions. "There Is one possibility of disturb ance In the stock market, and that I the friction with Japan. In the pres ent dispute there Is absolutely nothing that warrants-war. Japan could hot finance a war with' the United states. which would end In only on result- that of disastrous defeat to Japan. But Japan Is a proud nation, and may easily feel offended at our treatment, wnicn has been unnecessarily brusque and In considerate. It would be far Better for the United States, and especially the Pacific Coast, to cultivate friendly rela tions with the Asiatic people, especially If we desire to secure our share of a rapidly growing commerce with that portion of the world. At present we are driving commerce that should go through Pacific ports to our foreign rivals simplv because of race prejudice and short-sighted legislation. The sit uation contains possibilities of friction that might easily disturb the stock market in its present temper. After SS Years Neighbors Meet. ALBANY. Or., May J4. (Special.) Two men who were neighbors for many years when they were young men met for the first time in $5 years yes terday, when J. J. Barnes, who now resides near Stayton, walked Into the shop .of S, I. McDanlel, of this city.. They were neighbors in TOntogany, Ohio, for many years. Barnes came to Oregon 11 years ago and. resided for many years in Scio. McDanlel has been a resident Of Oregon the last 13 years. He lived two years in Ashland and has been In business In that City for the past 10 years. THIRD AND COUCH STREETS R-STORY STRVCTXRE TO COST asovOoffl. the four-story Pike building, at the northeast corner of Third and Couch tk Trust Company. The lower floor will be oeoupied by stores and the purposes. The building will cost about $80,000. COMPLETION OF ATTRACTIVE HOMES MARKS PROGRESS OF ALAMEDA DRIVE Fine Section of Rose City Park District. Fills Up With Many Handsome Modern Residences, Ranging in Cost ' From $3500 to $7000. i . ' -SET - . fr&p-' A ' : Jar , ?p L-sS- i r- r m& iu flu- rCt p ; T-'jr-, -"" - ; .;,x y . w' 'i"" ' J -rrxr W O i 1 "J M? ilk k m m ! -mMi zMnn&4m$i v ... j ..,.,., -r.,.,.f.. "" ":-.-'f ' ' Sj' i;i SSf?! i ki'- 0' N Alameda drive through Hose City Park many beautiful homes have been built P. it. Whitfield's home stands at the southwest corner of Alameda drive and East Fiftieth street. From it a Sweeping View may be had toward the south and south west. J. W t Young, ot the L- R. Bailey Company, erected an unique and beautiful home at the north west corner of Alameda drive and East Fiftieth street. The most pre tentious home on the drive Is that of UNDER WAY. QG: Otto SaUman. It Is a large and at tractive two-story house. These homes are typical of the others butlt in this cnmmunltv One can stand near the corner of Kast Fiftieth street and Ala- made drive and count iiO newiy-ouiii homes, costing from 3r,00 to J7000, The Alameda drive runs through the en tire territory to the northeast, wind ing about with the curves of Gravel Hill and forming a drive of fare beauty and plcturesqueneBS. V, W. C. A. BUXGAliOW' STARTED At Cost of $2400 tnlverslljr Young Folk to Have Home. UNIVERSITY OF OREGON; Eugene, Or.. May 24.- (Special.) Erection of the new Y. W; C. A. bungalow at the University of Oregon is under way. The basement Was excavated and the foun dation laid May 9 by a lareg gang of students, this having been University day. the annual campus Work day. Since that time Curtis Gardener, '08, who was placed In charge Of the building, has been rushing the construction, which he expects to complete in two months. The site of the bungalow Is on Kln- caid street, between Twelfth and Thlr teenth streets, and directly facing the campus. Its cost will be (2400, wnich sum was largely earned by entertain ments given by the students. The building will be used exclusively by tha women of the university as a place for rest and for meeting, BAXDOX WHARFAGE IMPROVED New Steamer Added and Increased Business Is Reported. BANDON Or, May 24. (Special.) Many chahges are being made along the waterfront here this Bprlng. The warehouses are Increasing their facil ities for handling freight. The pas senger traffic in and out of port and up-river is taxing the capacity of the steamers. The Coqullle River Transportation Company will this week add a new. modern steamer with a capacity of 120 passengers. It will make two round trips a day. . between Bandon and Coqullle. The old wharves of the A. F. Easter- brook Company are being torn down, I so that the entire Waterfront controlled by this company may be equipped with new dock's. Ccntrtitla Kchool Census Gains, CENTRALIA. Wash., May 24, (Se clal.) -E. R. Zlmmei who has Just completed taking that, school census In Centralis, today reported that there were 3408 children Of school age In the city, an increase ot 316 over last year. riNE I" I f , . ft, r.;i liwf I MODERN STRtCTIRK BUILT AT COST Of 950,000. . MElJFORD, Or., May 25. (Special.) The new $50,000 Page Theater waa opened Monday nigh4, with Maude -Adams In "Peter Pan." Long before the curtain went up the house had been sold out and the boxes were filled with Medford society people at 150 a box. Dr. F. C. Page, a local capitalist, built tho theater and has leased It to FUson & Gorden. When not used for regular dramatic attractions- a moving-picture show will be conducted, thus keeping the theater Open every night in tha year. One unique feature of the hew theater is that no Steps are used between floors, but a broad inclined plane, which, in case of fire, would allow rapid egress and prevent a panic. The curtain Is decorated with a large view of Crater Lake. CITY PARK IS Wilderness of Brtush Turned Into Residence Mecca in Only Four Years; MILLIONS ARE INVESTED Between $5,000,000 and $6,000, 00-0' Go In Development and Build ing to Make District One of Best Settled on East Side. It Is estimated that between $5,000, 000 and $6,000,000 has been expended In the Rose City Park district within the past four years. In which time a wilderness of brush was conquered and changed into one ot the best settled sections on the East Side. While progress the first two years after this territory was. platted and placed on the market was rapid, developments the past two years has been even more rapid and substantial. In a recent canvass for funds for the new com munity Presbyterian Church, 1300 houses Wore found in A certain section of the district adjacent to the church, which Is near Sandy boulevard and East Forty-second street, but the can vass only took in a limited district. In Rose City Park district at present there are probably 2000 homes all built within the past four years, and mostly the past two years. The? homes rep resent an average cost of $3000 each, and the total is a large sum. It hap pened that from the Btart Hose City Park had the benefit of a lot of en tefpritilng men to push It along, to spend money In laying water mains and grading streets, and the first set of Wen were followed by a still more energetic " lot who widened the Sandy boulevard to SO feet at a. cost of $44. 000, and followed that up with a hard surface pavement, which with" the con crete sidewalks and double car tracks, cost more, than liOO.OOO more, devel oping the finest highways on the East Hide. Again a big sum was paid out for sewers, some of which are now be ing laid. These men bought a site on Sandy boulevard and erected a club house at a cost nr $6000. itnd the prop erty is now valued at $16,000, a mon ument to the enterprise of Rose City Park. The Board of )!Cucat:on is erecting another unit to the Rose City Park schoolhouse on East Fifty-seventh and Thompson streets, as the first part was soon filled to overflowing. The addi tion is belne built on the south side of the present building. ,Tlie fire sta tion, Which was built on fcindy boule vard and East Flftysiitth streets at a cost. of $8000. has been occupied by a fire company. The boulevard was widened to the city limits. At present the hard-Surface pavement ends at East Seventy-second street, but a movement has been started to pave the street to the city limits during the present year. Alameda Drive, which follows the margin of the hill that di vides the upper and lower districts and extends through the entire section will he paved during the .year, Prac tically all the streets In the main por tion of Rose City Park are up for hard-surface pavement during the year. They all connect with the Sandy boulevard. It is estimated that the proposed pavements In the central por tions! with Alameda Drive, will cost upwards ot $250,000. A large slice of Rossmere is up for hard surface at a cost of something more than $100,000 this year. S. D. Vincent Is erecting a two-story reinforced concrete building on Sandy boulevard at a cost of $16,000. A num ber of business buildings have been built oh the boulevard between East Thirty-seventh and East Fifty-seventh streets. A considerable business Cen ter has developed along the boulevard, when the city limits are extended to take in Park Rose the street will be paVed to the Columbia boulevard. Seventy-five homes of attractive character have been erected in Greg ory Heights within the last four mdnths, a fine district adjacent to Sandy boulevard. N. C. Gregory, In terested in this addition, has three un der Way, and 15 more houses ere to be built at once. In Argyle Park three houses are under construction and plana have been drawn for 10 more. James C. Logan has built Bit In Belle Crest and has two more building. P. ,T. Foran Is building two homew. In Hyde Park 15 homes are being built, At the corher df Sandy boulevard and Fremont street a two-story business and apartment house Is under con struction. It will be 100x88x60 feet In siae, It will be the largest building of the sort in this neighborhood. Spe cial Improvements hnve been made on East Seventy-second Street. Owners of the property on East Sixtieth street are making special effort to make that street attractive, and the Sixtieth Street Betterment Club has been or ganised composed of residents and property owners on East .Sixtieth street, to promote the betterment movement. The club Is offering prizes for lawns and other Improvements with the result that on both sides of the street there Is much activity. Clin -tbn B. Smith Is the secretary-treas-uref, and Is taking a personal interest ROSE GROWTH (AMPLE THEATER IS OPENED AT MEDFORD. In making East Sixtieth the :nost at tractive In Rose City Para. The Gregory Investment Company plans to improve all the streets in Gregory Heights this year, in speak ing of this section of Rose City Park P. J. Foran, who handles property In the several additions near East Seventy-second street, made this state ment: "I doubt If there is another section of the East Side which is doing bettet than this entire district. In Gregory Heights. Belle Crest. Argyle Park. Hyde Park and the other additions homes for men of moderate means have been erected and others are constantly be ing built. As soon as homes are built they are sold. They are even sold In advance of completion. There are no vacant houses anywhere around here that I know of. The houses are owned mainly by the people who occupy them, and hence you will hardly find a vacant house out here. Many modern homes at moderate cost huve been built all through thlB district. We have a most beautiful district, one of the most attractive, in my judgment, on the East Side, and one thnt has a most promising future. This district Is 250 feet above the base of city grades. We have a view of the Columbia River and the mountains to the north and east. We have a permanent class men who purchase homes and who stay. When we get all the adjacent streets improved we will be In the same class as the most prosperous sections of the city." The canvass for funds for the erec tion of a modern $15,000 building for the Rose City Purk Church has prac tically been completed, and Architect U R. Bnlley Is now drawing plans for the structure. It will be built near where the present building stands near Sandy boulevard and East Forty-second street. It will have a seating capacity of 700 persons. At first it was planned to build a frame church, but It Is con sidered probable that stone or brick will be used. A building committee has been appointed and the plans will be prepared In time to start and com plete the building this year. The Rev. Boudlnot Secley Is the pastor of this church. Nominally the church Ib un der Presbyterian rules, but it is known as a community church. The Meth odist and United Evangelical Churches will erect churches near the Sandy boulevard in the near future. The lat ter church has secured a Site and the Methodists will act later.. At present they hold meetings In the Rose City Park Clubhouse. The most important Improvement projected is the paving of Halsey street between East Thirty-seventh and East Fiftieth street and the lay ing of car tracks oh HalBey to East Elghtv-second street. Work has been started oh Halsey street. The Halsey Improvement Club is trying to have space left In the middle of the street for the proposed tracks so that the pavement will not have to be cut through for the tracks in the near future. A considerable sum nas ueeu FARMS ARE IN DEMAND BRIGHT WKATHKIt IS MltlXO PKOPI.K TO COUNTRY. KxcliiinBe of Furm Neur Eugene foi Ranch Ncnr Pendleton Involves Consideration of $100,000. With the advent of warm, clear weather, there has been unusually , brisk trading in lands the past week. . There seems to be renewed inter est in "back-to-the-Boir movement, and small places near Portland and other cities In the Willamette Valley are In demand. Investors and farmers are arriving constantly from other states and are seeking locations for permanent homes. Brokers report that inquiries for tracts suitable for diver sified farming are increasing, and are of the opinion that general trading In lands will continue strong throughout the Summer. Among the largest deals recently closed Is the exchange of two farms, Involving a total consideration of 100, 000, by the Great Western Land Com pany, of Eugene. A large wheat farm near Pendleton was traded for the 440-acre farm of Peter Carlson, near Eugene. At Nyssa, in Malheur County, a deal has Just been closed by Robert Van QllBe Who sold his 160-acre farm, four miles' north of Nyssa, to W. IT. Sander son for $28,000. Mr. Sanderson will -set the entire acreage to prune trees. W. W. Cardttell and O. W. Dlmmlck, of Roseburg, have purchased from S- -1). Evans a form of a30 acres lying on t..e Umpqua River, near Roseburg The consideration was $40,000. The farm is highly Improved. W. J. Bell, of Eugene, has sold his 24-acre farm near Coburg to H. J. Han sen, recently Of Vallere. Mont., for $4000. Mr. Hansen has taken pos- session of the place. P. Mark, of Sheridan, has purchased a farm of 200 acres from James Mc Farquer, the consideration being $8500. , William Wagoner, who arrived in Oregon recently from Nebraska, has purchased a rarm of 68 acres lying near Sodavllle. The purchase price was $3000. . , t Samuel Nelson, of Pilot Rock, has purchased a tract of 4T.8 acreB located In the southern part ot Umatilla County, the consideration being -38 John BettlH and sons have exchanged their fine farm at Laurel, near llllls boro tor a rsnch ot 16K0 acres at Hay Creek, in Crook County. They expect to engage in stockralsihg on an exten sive scale. r