.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.
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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