THE , SUNDAY , OREGOXIAN, PORTLAXD, JANUARY 24, 1915.
THREE BIG REALTY
SIZE OF CITY MEASURE
XEW FACTORY CAN TURN OUT 200 MATTRESSES DAILY.
OF VALUE OF PROPERTY
M. M. Gilbert Shows Worth of Real Estate Increases 'With Growth of
Population and Those Who Buy in Portland Are Sure to Profit.
DEALS ARE CLOSED
TOTAL BIG FIGURE
BUILDINGS PLANNED
: rr
Union Meat Company Project
Calls for Expenditure of
Half Million Dollars.
OIL COMPANY ALSO ACTIVE
I'lunt and Dock Costing More Than
$30-0,000 May Be Erected on
Land Just Bought for $25,000.
Kosldences Also to Kise.
' The Union Meat Company ia planning
J500.000 worth of improvements to its
Portland plant, between $100,000 and
$160,000. to be spent before Fall.
The Wealthy Shell Oil Company has
bought five more acres at Willbridge.
near Portland, for $25,000, and has laid
plans for a large plant and dock that
may cost more than $500,000.
The School Bird has ordered plans
drawn for the $ 100,000 Franklin High
E?cnooi.
Announcement has been made that
the $90,000 Blake-McFail building will
be started on the East Side soon after
February 1.
The East Side Business Men's Club is
planning
the erection of
$20,000
Lnilding.
The Doernbecher Manufacturing
Company has ordered a large addition
to its plant, and has announced plans
Jor the ultimate erection of a six
story concrete annex to Its furniture
factory.
1L Meister has taken out a building
r..m,u fni- thn prM'tfnn of a. $35,300
apartment and store building on Third
etreet, near Clay.
The above items tell the seven best
pits OI construction news ol jubl w cvn..
Several other large projects were sent
Jorward during the week, and others
were crowded nearer the stage of for
mal announcement.
Meat Company to Spend Big Sum.
After entertaining the members of
the Kealty Board Friday with a talk
on "Optimism and Confidence," C. C.
Colt told a reporter that his company
was preparing plans for extensive en
largements to its large plant in North
n . i .i it. . .. i . i ..iii inr. rostinsr be
tween $100,000 and $150,000 would be
made before ran. ana iaai me mmim
expenditure would be $500,000. The
principal sum will be spent on the erec
tion of a large hog house. Some of
the work is now under way.
tirest Plant Will Rise.
Representatives of the Shell Oil Com
pany of California, which is backed by
tho Rothschild interests, last week pur
chased about five acres of land near
Willbridge. on the Linnton Road, on
which the company will build a plant
. - ii t . .. in krinlir c tirndllrts. On
lO 1 1 i m i u no ju .,.. ... -c. '
land recently acquired from the Port
land Has Joae Lomfanj, uui
Willbridge. a large dock will be built,
and G. S. Reams, local manager of the
company, said that a pipe-line would be
extended from the dock to the plant at
Villbridge. It is understood that two
tanks of 55.000 gallons capacity each
will be erected at the plant and that
about $50.1.000 will be spent by the con
cern. The company paid J. B. Hol
brook about $25,000 for the land at
Villbridge. Bids for the construction
of the tanks are now being received
at San Francisco. The preliminary sur
veys have already been made.
Factory to et Addition.
Architects Jacobberger & Smith have
completed plans for the erection of an
H bv 104-foot extension to the plant
of the Doernbecher Manufacturing
Company at East Twenty-eighth and
Multnomah streets. The addition will
be two stories high, and of reinforced
. 1 ...in fiiTwtriirtion. Mr.
voncreio ...... -
Doernbecher announced last week that
as soon as tnis aaumuu .u..h.----lie
will commence another annex to be
ix stories in height over a base of 100
by 150 feet.
Work on School Ordered.
At the direction of the School Board.
I" Naramore last week commenced
drawing plans for the erection of a
...,nn.,n f.nU-iin nic-h School at East
y iffy-second and Division streets. The
Imtl.ling probably will ne oui.t i.
..i.,., it is exnected that it
will be completed by next Fall.
On the ground that all bids were ex
unnr,i reloeted all pro
posals for the proposed removal and
reconstruction oi me wi.ouu.s
The lowest bid. $2675. was entered by
Steblnger Brothers. The Alaska Plumb
ing company recced the award or
tho plumbing avoir
fcchool at a figure of $10,-'98.
S3.,00O Permit Let.
The banner building permit of the
' i. ..... lunod to H. Meister for
past w . i. iv
il.e erection of the three-story frame
store and apartment
. ... .. ti,.h street between Market
and Clay greets, for 133.000. C : A.
Duko drew tne prr.c.i..
in of which was published recently
In Tbe Oregonian.
Three Homes Began.
riAiinprhfr" obtained author
isation last week to erect a 1 fci-story
residence on Kast f orty-niniu.
v., si.tntun and Siskiyou sereets.
at a cost of about $2300. Max Lehberg
A- Companv has trie comracu ui o.
W. Smith. J. W. Tefft has commenced
. : r -nnn residence on
l.iobe street, between Thirty-ninth and
Fortv-ftrst streets, ueriruae e-iintu oc
curod a permit to erect a lMi-story
dwelling at Sixty-fifth, between Stan
Ion and Siskiyou streets. Howard Wil
son is building the residence for $1800.
I.lnd tieln Sevrrr Contract.
On his bid of $HS.S39 William Llnd
Inst week ohtained the contract for
the construction of the Willow street
nnd East Eighty-second 'street sewer,
Wris for which wire opened four sep
arate times. The sewer will be built
of reinforced concrete.
Lena Cnrrlen I -O.OOO.
l!v an instrument filed for. record
last" week the R. R. Thompson Estate
Companv has leased the Foster Hotel,
located on the north side of navis
Sitreet. between Second and Third
streets, to J. Y.. Blazier and others for
$12(,.n0i. or $lt00 per month.
Three Want to Join Board.
At the regular meeting of the Realty
i i -j . .nnli.uMfmc fur mom.
titwrn ' i . -
ter?hip were received from C. B. Hurtt.
I Lv tilumentnai ami nrncj. "
onnected. with the hrm of riartman e:
Thompson. The names will be voted
cu at next Friday's meeting.
Rusenurg Hrldenre to Rise.
. ...i. ;.,.. i .. 1 u u-rni' X Hnlfnrd have
rompletel phins for the erection of a
residence for nohcrt K. Smith on Claire
street In Roseourg. The building will
h two stories high and cost about
$".000. Stucco and shingle materials
will be used. Mr. Smith is connected
with the Douglas At-stract Company.
Odd Bnanalowra started.
According toiplans drawn by Jud
T(-ho. of Seattle.- the Laurelhurst Com
panv is erecting a Japanese bungalow
at the southe:.-t corner of East Burn
side and Kast Forty-first streets at a
..yt of $4000. and an Italian bungalow
i: ma msrm
ftK,, imwt I 'I 1 JJ J itU , K'lif 3.2 "
KIXG-FISHER COMPAJTY BUILDING OX ALBINA AVBIXUR
What is said to be one of the finest equipped mattress plants of its size In the United States was com
pleted recently at 478 Albina avenue, for the King-Fisher Mattress Company. The building, which replaces
a former frame structure destroyed by fire last July, is two stories high, of brick and concrete construc
tion over a 60 by 110-foot foundation. The present construction is fireproof.
For the past five years A. E. King and Willis Fisher have been co-partners in the company. Prior to the
fire the factory was equipped to turn out between 125 and 150 mattresses a day. With the 'present modern
machinery the force of mattress workers are equipped to complete more than 200 in a day's time. .
In addition to mattresses, woven-wire springs, silk-floss cushions and tubular iron frame springs are
handled by the King-Fisher Company. The market for these goods is limited mainly to the Northwest
The King-Fisher plant and machinery represent an investment of approximately $9000.
There are four mattress factories In Portland.
''
near the same location for $3500. Each
location is In Fernhaven, where the
company purposes to build 28 similar
homes.
Hotel Opens at Kenton.
An indication of better times at Ken
ton is shown by the reopening last Sat
urday of the Patchin Hotel., which had
been closed for 18 months. The hotel
has 75 rooms and is well filled al
ready. Mrs. Cadonan Builds Home.
A home costing $1500 Is being built
for Mrs. M. S. Cadonan at 949 Kelly
street, between East Thirty-first and
East Thirty-second streets.
J. B. Robinson is having an $1800
building erected at 4236 Twenty-sixth
avenue Southeast Side. G. E. Reed is
the builder.
G. C. Goldenberg Is having a one
story frame dwelling erected on
East Eighteenth street, between Skid
more and Prescott streets, at a cost of
$1500.
A two-story dwelling at 763 East
Burnside street is being repaired for
E. D. Allen at a cost of $200.
The Brooklyn Hotel, at the corner of
Grand avenue and Division street. Is
being altered by Lewis Joner at a
cost of $400.
Four Residences Commenced.
H. P. Kimball Is building a $2500
home on Vancouver avenue and Skid
more street.
Cleland & Hubbell have started the
erection of two dwellings, each to cost
$2000. One will be built on East
Forty-ninth and East Mill streets, and
the other on East Forty-ninth and East
Market streets.
W. W. Lawton will build a one-story
$1500 home on East Seventy-eighth
near Beech street. . .
New Home Costs $4000.
A one-story frame residence is being
built for T. H. Wilson by the Oregon
Home Builders at the northeast corner
of East Twenty-sixth and Skidmore
streets at a cost of $4000. A garage
costing $300 is being built In connec
tion. Clarence Wheeler is having a $3000
home built at 60 East Forty-seventh
street North between Stanton and Sis
kiyou streets. George W. foreman is
the contractor.
G. D. Parkhill is repairing a two-
story frame dwelling at iua i!.asi
Washington street at a cost oi jou.
T. G.' Anderson Bullda.
T. G. Anderson is building a bunga
low at 550 East Forty-seventh street
North between Wistaria and Brazee,
at a cost of $2500.
A one-story frame cottage is Deing
built by C. A. Hunt at 6316 East Seventy-first
street Southeast Side at a
cost of $1400.
A one-story dwelling is being built
for J. Blumenschein at 1511 Omaha
near Lombard street, at a cost of $2500.
Gresham Plans Drawn.
D. C. Ely. owner of the large frame
structure destroyed in the Gresham fire,
has had plans prepared for a new brick
structure, to be erected wnen tenants
have been secured. It will cover the
site of the old frame building, the cost
to be about $la.000.
R. R. Carlson has let the contract for
wrecking hie Powell street building
In Gresham to R. H. Ward, of Port
land.
rvr Home to Cost V350O.
A storv and a half residence for J. W.
McFadden is being built on East Forty
fifth street North between Tillamook
and Thompson streets. It will cost
$3500.
Wiles Matthews is having a resi
dence hullt on East Fifty-second be
tween Hancock and Tillamook streets
at a cost of $2500.
t CANADIANS PAY $3700 FOR
t I L I II 1111.111 i
I -.1 1
NEW HOME OK W. W. JOHNSON AND I.. E. JONES.
W. w. Johnson and L. E. Jones, land dealers who moved here re
cently from Canada, last week paid the F. E. E&svman Company $5700
for the seven-room residence recently completed oh a 60 by 100-foot
lot at East Nineteenth street North, between Klickitat and Fremont
streets. In Irvington. The home has hardwood floors throughout.
Within an hour after the prospective purchasers saw the house they
made a substantial deposit toward its purchase.
The F. E. Bowman Company is just starting another seven-room
house adjoining the one sold to Mr. Johnson and Mr. Jones. It will
be erected along New England Colonial lines, with a sleeping-porch,
and will cost about $6000.
: . w Ml gg;frLX
4 STORIES TO RISE
Blake-McFall
Build on
Company
East Side.
to
IRON FOUNDRY WILL MOVE
Kast Side Business Men's Club to
Purchase Lot on Grand Avenue
and East Alder and Will
Erect Clubhouse.
The four-story building to be built
for the Blake-McFall Company on the
half block on the north side of East
Ankeny, between East Third and East
Second streets, will be completed, and
occupied by this firm by July 1. Bids
are now being received for the con
crete piles to be driven for the part
50x100 feet facing East Second street,
which is the lowest and the filled por
tion. Plans for the main structure have
been completed, bids will be received
February 1, and work will start short
ly afterward.
There will be a full basement of
concrete, which will contain the ship
ping and receiving departments. On
the first floor will be located the of
fices and the upper floors win Be tor
storage purposes. The exterior will be
of brick construction and the interior
of heavv mill construction. The cost
will be $90,000. This building will oc
cudv all the half block.
On the other half block facing East
Burnside street and the Burnside
bridge approach it Is expected that a
modern building will be erected,
iron Factory to Move.
The Pacific Iron Works will move
from its present quarters by February
1 tn the new plant on East Thirtieth
street, north of Sullivan's Gulch, where
the new factory buildings are being
cnmnleted. The structural buildin
there is 60x525 feet and extends to the
railroad spur of the O.-w. it.
Cnmnanv. The foundry and machine
shops building is 60x320 feet and the
office and pattern Duuaing is ami
feet. These structures completed will
cost 125.000. The company has -orcu
pied the block on East Burnside, East
Third, East Ankeny ana msi oecomi
streets for the past is years.
East Side Clnb May Bnlld Clubhouse.
The East Side Business Men's Club
has taken an option on the inside lot
at the northeast corner or orana ave
nue and East Alder street from the Cit
izens' Bank and expects to erect a two
story business and clubhouse structure
this Spring, with tne cost oi tne ui,
$20,000 and the clubhouse fixtures
about $37,000 will be spent. The lot is
60x90 feet, facing Grand avenue and
extending back 90 feet. Stockholders
and friends of the bank propose to
subscribe $5000 toward the purchase
price of the lot, and will do all they
can to make tne plan a success.
The cost will be distributed as fol
lows: Lot, 60x100 feet, $20,000; cost of
two-story building completed. $15,000
clubroom fixtures. $2500. making a to
T"
IRVINGTON RESIDENCE.
liiiMiBi'rrirHiti'fmiflkii iiifsrr r
tal of $37,600. The estimated income
from rentals on the completed struc-
ture totals $300 a month, or $36,000 an
nually. It is planned to raise $20,000
from stock and borrow $17,00.
This entire quarter block was held
for $62,500 two years ago. It is now
owned bv the Citizens' Bank, which will
erect a two-story building 40x90 feet
on the corner of Grand avenue ana
East Alder street at a cost of about
$12,000. The two structures will, con
form to the same style of architecture
and will have foundations that will
carry four stories when it is found
necessary to add the two upper stories.
The clubhouse and business building
oa the ground floor will contain two
business rooms, one 40x90 feet and one
20x90 feet. The upper portion will con
tain the quarters of the East bide
Business Men's Club. It will have an
assembly hall and five or six offices
and will have bowling alleys. A con
siderable part of the $20,000 has been
subscribed, and the prospect for the
entire success of the building project
is considered highly encouraging.
The corner is considered one of the
best on the East Side. A holding cor
poration will be formed to swing the
building project. The East Side Busi
ness Men's Club has nearly 200 active
members and Is one of the progressive
and strong civic organizations of Port
land.
10 BIG FARMS SOLD
2300 ACRES CHANGE HANDS IN
WEEK FOR NEARLY 00,000.
Oregon Men Buy 6000-acre Tract in
California for 140,000 and Tun
till Ranch Costs 22,000.
On Monday a sale of a 1000-acre farm
and on Wednesday a eale of a 1300
acro farm with a 160-acre deal in be
tween, is the record for the past week
of the real estate department of the
Hartman & Thompson. Bank, according
to John H. Hartog, manager of the de
partment. The first sale was for a consideration'
of $30,000. This ranch is in Gilliam
County, Oregon, near Olex. and is all
clear and in cultivation. The price in
cludes the stock and machinery, a
gasoline pumping plant, a house, a good
barn, etc. The buyer, W. J. Strey, ex
pects to move on the place soon.
The second sale of about 1300 acres Is
for a consideration of $29,580. This
ranch is in Wasco County, Oregon,
south and southeast from The Dalles,
on the new Hill line to Bend, which
runs up the Deschutes River. The pur
chaser paid $10,000 in cash, giving his
mortgage for the balance. Included in
this price is the necessary equipment
to operate -the ranch, a dozen horses
and 125 hogs. The place has 13 miles
of wire fencing and 1M miles of hog
tight fence, while the improvements
are of the average kind; a six-room
house, a barn for 20 head of stock and
a hog house. Arrangements are being
made now to establish a railroad sta
tion on the nearest point to this ranch.
The firm also sold a residence on
Cleveland avenue to Theodore Berg
mann for $3500.
The 160 acres are near Estacada,
about one-half clear and in cultiva
tion. hTe consideration was $14,400, in
cluding good house, good barn and
much fruit. The place is being used as
a dairy farm.
Mr. Hartog says that several more
big deals are pending.
Oregon Men Spend $140,000.
The Los Angeles Times reports that
Roy McDonald and W. C. Harding, of
Medford, Or., have paid approximately
$140,000 for 6000 acres of the 26.000
acre Antelope Valley tract .recently
purchased by the Los Angeles County
Farm Lands Company. The purchasers
expect to subdivide the land and sell it
in small tracts. They have already
organized a corporation for that pur
pose, known as the Little Rook Baft
lett Pear Development Company. The
land is on the northerly slope of the
mountain ranges which divide the San
Fernando and San Gabriel valleys from
the Antelope Valley.
Thomas Lavrson -Pays SIO.OOO.
Thomas W. Lawson. the Boston fin
ancier, last week purchased a 160-acre
farm lying north of Crooked River in
the Prineville country from T. F. Mc
Callister for $10,000. Mr. Lawson nad.
extensive holdings in that locality be
fore the recent purchase.
1'2,000 Trade Is Made.
A. Welch, last week sold a highly
improved ranch of )33 acres one mile
from Yamhill. Or., to Franz Wagner
for $22,000. Mr. Wagner gave as" pay
ment a quarter block next to the corner
of East Eighteenth and Belmont streets
which is improved with a modern 8
room residence and a vacant quarter
block on the southeast corner of East
Seventeenth and Yamhill etreets. Mr.
Wagner expects to make the farm his
future home. C. DeYoung represented
A. Welch and the firms of Vandyn &
Walton and Cameron and Stouter rep
resented Mr. Wagner.
Lease Calls for $10,800.
Last week's records reveal the fact
that the Perkins Hotel Company has
leased space 25x65 feet in area in the.
Perkins Hotel building at the north
east corner of Fifth and Washington
streets to the firm of McDonald & Col
lett, occupants, for au additional five
years at a total rental of $40,S00,
I fc,
-Tri
Sale of Alamo Apartments at
$35,000 Valuation One of
Features of Week.
OTHER TRANSFERS MANY
Third Interest In Grand-A-venue and
Stark-Arect Building Brings
$ 3 0, 0 0 0 Th irteenth-St reet
Lot Sells for $10,000.
V..M,Uir ,a market in realtV last
week were- three substantial sales, in
volving the transfer of ownersnip oi
the Alamo Apartments, located at 494
Ktaylrat otra.l frnm I nl'fl h W. DOAD6
and associates to E. L. Deardorff and
associates at a valuation of $35,000, the
transfer of one-third interest in the
four-story brick building on the quarter-block
at the northeast corner of
Grand avenue and East Stark street
from Barney J. Hecker to J. W. Cuslck
& Co., for $30,000 and the sale of a va
cant 50x100 feet on the west side of
Thirteenth street, between Columbia
and Clay streets, by the Beacon In
vestment Company to A. R. Fanno, of
Kerrigan Station, for about $10,000.
The latter transfer is of particular
significance because of the buyer's an
nounced intention to erect a large mod
ern apartment building on the ground
in the immediate future. An excava
tion already has been made on the site.
The transaction was made through
Wakefield, Fries & Co. and E. J. Geiser.
The East Side property, which was
transferred for $30,000. Is described as
lots 3 and 4, block 121. It is covered
by a four-story brick that is occupied.
The trade of a farm was involved In
the sale of the Alamo Apartments. On
December 31, C. C. Rulifson gave title
to the property and building to Joseph
W. Doane in exchange for an Eastern
Oregon ranch and last week Mr. Doane
traded it to Mr. Deardorff for another
ranch at a valuation of $35,000. The
building contains 12 living suites.
Church Takes Option on Building.
The directors of the Christian Spir
itualist Church last week took an op
tion on the vacant Hassalo-street Con
gregational Church, at Hassalo and
East Seventh streets. The price was
fixed at $13,500. The congregation has
been meeting for the past three months
In the Woodmen of the World Hall,
Eleventh and Alder streets. The op
tion extends for 30 days and it is re
garded as probable that the purchase
will be made. The building is con
structed of stone and cement.
Walnnt Park Home Brings 000.
A home in Walnut Park, on Emerson
near Commercial street was purchased
by S. May Glafke from Robert B. Beat,
for $6000. The property embraces lots
3 and 4 and 11 feet of lot 2 in block
19, and includes a residence.
Four lots in Wellington were pur
chased by Catherine T. Gray from the
Wellington Investment Company for
$1250.
Arthur M. Cannon took title to lot
6. block 99. Rose City Park, from Agnes
, . . . : .. i 1 1 -.1.1 ..n for X.inOO.
Jlttll, llll lUlllll n I v ...... .... ,
The property is located on East Fifty-
fifth street, Between okihju
Stanton streets. '
?IOOO Paid For Piedmont Home.
Bertha E. Foseer has purchased a
home in Piedmont from Chris Henrik
sen, for $4000. The property is de
scribed as lot 4 in block 8, corner Van
couver avenue and Jessup street.
In Diana Park, T. M. Hurlburt trans
ferred title to lot 4 in block 1. to Julia
A. Glenn, for $1077. Clara Emma
Caulsen transferred a cottage and lot
8 in block 1, Tabasco Addition, In South
Mount Tabor, to Robert Bullock, for
$1500. This property is located near
East Forty-second and East Lincoln
streets.
Multnomah Quarter Block; Sells.
John Skoog has purchased a house
and lots 1 and 3 In block 18, Multno
mah, from Wilhelm Olsen, for $3000.
The property is located on Montana
avenue ana jviason tuicoi.
In Vernon, Herman Wittenbecker
i t?v c. White a cottage
and lot 7 in block 17. for $1900. This
lot is located on East lMgnteemu sneet,
between Emerson and Sumner streets.
Mattie M. Benson purchased of Edward
Magee a part of block "f in forts-
mouth Villa, on tne iuwi x-ciuns ,
the price being $1573.
Howes' Addition Home Sold.
Samuel S. Thompson purchased a
home in Howes' Addition, on Division
ci,t near Forty-second street, from
I. B. Holzman for $5000. In East Port
land Heights Gracie i. lmnon m -cottage
and lot 5 in block 1. East Port
land Heights, located on Division and
East Twenty-ninth streets, for $3000.
The Central Trust & Investment Com
pany transferred to Susia M. Parks a
dwelling and lot 7 in block- 3. in Colo
nial. Heights, on Hawthorne avenue,
near East Twenty-second street, ior
$2500.
IVaverly Quarter Block Is Sold.
In Waverly lots 5 and 6 in block 63,
on East Thirty-fifth street, near Clin
ton street, were purchased by E. A.
Pierce from the Richardson-Sharkey
Company for $1650.
r v. Wollfr has taken title to
o 1 ..,.,-, 91 ftfi of lot 4. amend-
LU 111X - -
ed plat B. Gilham s Second Addition, in
Mount Tabor district, irom mo rmt
land Realty Company, the price being
$1400. A. E. Allen purchased of the
Rose City Park. Association lots 8 and
9, block 139. Rose city ram, tor iuvu.
Colonial Heights Lot Sold.
John W. Baker purchased lot 7 In
i. t n.inni.1 -WnifHils lor.fl.ted on
tuuen. o, vv- - - --
Hawthorne avenue and East Twenty-
third street, from tne colonial jneignts
Realty Company for $1734. In Rossmere
Lida Leisy took title to lot 17 in block
17 from Nils O. KKIund lor JZDV. me
. i t.Lac a hnma located On East
saie i ii- .
Forty-third street, between Brazee and
Thompson. Conrad r. jison som w
.7, -it.. T.nneo-roen lot 12 in block 9.
Overlook, for $1250. In Irvingwood Her
man Claussenius purchased lots 4 and
5 in block 9 of Vlrgllla C Northup for
$1188.
James J. Crossley Buys.
James J. Crossley has purchased
from the Laurelhrust Company, in Lau
relhurst, lot 13 in block 61 and lot 9 in
block 64 for $6000. In West Piedmont
Kate Webster has purchased lot 6 in
block 13 from W. R. Tindale for $1400.
the property being on Ainsworth and
Mississippi avenues. Lillie M. Smith
has purchased from Maria L. Booer
lots 19 and 10 in block 44, University
Park, for $1000. In Wellesley Addi
tion four lots were purchased by Eliza
beth Pwanson from the Wellesley Land
Company for $1100. A home In Belle
Crest, in the Rose City Park Addition,
was purchased by William I. Childester
from David Hakkiman for $3300.
T. A. Rlggs Aeqnlres Home.
T. A. Riggs has purchased a residence
and the south 75 feet of lot 10 in block
2, Tilton's Addition, located near East
Morrison, between East Twenty-third
and East Twenty-fourth streets, for
$5000. In Vernon T. J. Ward took title
to the south half of lots 1 and 2 in
block 71 from G. E. Hill for $4000. The
property is located on East Twenty
third and Prescott streets. Lots 13 j
BT M. M. GILBERT.
Member Publicity Committee Portland
v Realty Board.
(Second and Concluding Chapter of Gen
eral Article oa Real Estate.)
The assessed 'valuation of Portland
property In 1863 was $3,226,260. In 1913
the valuation was $314,705,980. It Is
evident that anyone buying property
in Portland, either when the city was
first founded, o.r at any time since, has
not lost any' money. In fact, has made
good, generally speaking. If you will
take the wealthy families of Portland,
you will find that fully 50 per cent of
them have made most of their money
from the rise tn realty values. What
is true of Portland is true In other
cities.
The value of real estate is estimated
according to population that Is for
business property. According to Will
lam E. Harmon, one of the largest
operators In the United States, in cities
of more than 100,000 population best
business lots sell at about $100,000, and
residence lots according to distance and
surroundings. In this connection It la
well to say that lots in Portland are at
present as cheap, or cheaper, than in
most cities of Its size.
A good price to pay for residence lots
is something near the price already es
tablished. There are people who buy
real estate and pay, for example, $1000.
They are not satisfied unless In a
reasonably short time that value
doubles, or even better. In case a large
amount of Increase does take place
they are satisfied and it was their good
judgment altogether that caused them
to buy. If the rise does not come when
expected, then it was the fault of the
real estate man for selling to them.
Farm values in Oregon are often said
to be too high. Probably they are in
some Instances; in others not high
enough. Maybe they are too high in
other states. Take the Middle West,
Illinois for example, those prairie lands
which are excellent for corn or wheat
sell at from $150 an acre up to several
hundred dollars. Just as they do in the
Willamette Valley. The value of farm
land should be based on what it pro
duces. Take an Oregon farm planted with
clover or hops, producing say a net
profit each year from $25 to $75 per
acre. That land Is certainly worth
from $150 up to several hundred dol
lars an acre. However, there are
cheaper lands in the Willamette Val
ley and other parts of Oregon and
wheat and alfalfa lands In Eastern Ore
and 14 In block 50, Alameda Park, were
purchased by T. L. Thomas from the
Alameda Trust Company for $1700.
Creston Home Sold for -'0s4.
A home in East Creston. on Powell
Valley road, was purchased last week
by B. E. Laudig from W. Lemback for
$2084 The property Is described as
lot 13 In block 25, East Creston. In the
Holgate Addition, oir Milwaukie street,
lot 2 in block 2 was purchased by
Felicite Carolina DeBauw -from the
Realty Associates of Portland for $1100.
Charles F. Brunkow took title to lots
19 and 20 In Clemson Addition and lot
1 in block 2, Jordan Addition, for $2800.
A. M. Odell Bnys in Lanrelhnrst.
A. M. Odell purchased lot 18 In block
21 Laurelhurst, from Hans P. Urdahl
for $3850. In Kenllworth Addition J.
H Prescott purchased lot 12 in block
6 from W. G. Ide for $2300. The lot is
improved and located on East Thirty
first street, near Gladstone avenue. The
Laurelhurst Company transferred to
Alice C. Ward lots 7 and 8 In block 79,
In Laurelhurst. for $4750.
Two lots in Sanford Heights were
purchased by Belle Mclntire from the
Northwest Trust Company for $1325.
The property is described as lots 1 and
2 in block 13.
Two Rose City Park Lots Sold.
Lots 9 and 10, in block 139. in Rose
City Park, located on East Fifty-first,
near Stanton street, were purchased by
A. E. Allen of the Rose City Park As
sociation for $1000. In Parkhurst lots
2 and 13 In block 7 were sold by the
Crown Investment Company to Lizzie
Dalglelsh for $1280.
Two lots and a cottage In Reservoir
Addition, in the South East Side, were
purchased by Violet S. DeBorde from
Alida E. Trice for $1500.
Alfred G. Matthews purchased lot 7
in block 3. Arcadia, from J. W. McFad
den for $2850.
Lots 15 and 16 In block 5, Killings
worth Avenue Addition, were sold by
C. P. Jordan to Adolpli Patzer for
$1000.
Ranea Value More Than Doubles.
H. E. McKlnney. of a Portland law
firm and C. C. Rilifson. of Carrolton,
Wash., have Just paid $28,000 for the
. , . i. i. .......... ,vA .iv.F frnm Vnle.
rilgu J (tin i , ilviudo . . . .
The same ranch is said to have sold a
few months ago for sn.uuu. ine new
owners will probably stock the ranch
with dairy cattle and place an experi
enced man in charge of it
n.i an1 alcrhtv IIITPl of
bottom land on the North Powder River
known as the xnronson nancu, ij
son of Its ownership by Charles Thron-
j T A lhmnann hflVP hepfl Hold
son ana o. " " ' "
to Louis Dougherty, of Haines for
about $20,000, a recora price in mat
i... i . i. nni.l t n Ka nnA of
community, n m
the best stock, hay and grain ranches
in that section
Valuable Property Deeded.
f... it. n,i fractional third and
.i- u,.qtoH nt the southa'SMt
corner of Fourth and Main streets. Just
. . ,i...rn.iFihniiu were Heeded
soutn ui UIW-VUU....V. . . -
last week to K. '. Banner oy janies
Newton Davis. The consioeration oi
the transfer is not made public.
Two Small Buildings Go Vp.
Sol Bloom has awarded John Almeter
the contract for the erection of a one
story store building on Taylor street
between Third and Fourth streets. It
will be. of hollow lile construction with
n
My
AAAJM
gon which produce prollflcally, can be
bad at a very reasonable figure.
The farmers In these sections are
making good mone that la, where
they farru right. They have an advan
tage over the Eastern farmer or on In
the Middle West of living In a new
country and a much more desirable cli
mate and where opportunities are bet
ter. The small farm In Oregon has
come to stay. According to some of
the large operators, there Is more de
mand for small farms than any other
at present. They say the greatest mis
take realty dealers have made Is In
selling small acreage to men who do
not know how to Intensify their farm
ing methods.
Acreage from 10 to IS miles front
Portland on an elertrto line, ran be
bought for $200 to $275 per acre, land
that will produce immense crops of
onions, potatoes, berries and all kinds
of garden truck. With the modern
transportation methods and Portland's
public market, the farmer can get each
year $100 i to $2000 net profit for Ms
labor and efforts, but he must be a
brain worker as well as a laborer and
he may, with careful Judgment, expect
to make his place worth from $600 to
$800 per acre In a few years. But thin
cannot be done It the owner expects to
hold a position In the city and work oil
the farm at the same time.
The real estate business for the past
year or two has been quiet In Portland
with soma dealers, while others have
done a fairly good business. Some have
had unusually good success, especially
recently. A number of firms and In
dividuals report business greatly on the
Increase and it Is pretty safe to say
that now Is one of the best times to
buy that will be presented, because ex
tra Inducements are being offered and
because the price of property Is as low
as It will ever be, generally speaklnK.
It is safe to predict that during the
next few years the Northwest will see
one of the greatest eras of prosperity
It has ever had. The opening of the
Panama Canal, enabling the producers
of the Northwest to reach the markets
of the world cheaper than ever before
Is more Important than w are able to
appreciate. This will give the grain
grower, the wool grower, the fruit
grower and others an opportunity to
make more profit on their products. It
will be an Incentive for more people to
come West, an Incentive for the farm
ers to plant more grains, etc. It will
be the cause of much more being pro
duced. This will give more labor and
cause increased population, and In
creased population always means higher
realty values. The man who bets on
the growth of Portland and the North
west Is sure to win.
a rough cast finish and will cover 60x
65 feet. Plans have been prepared for
the construction of a one-story brick
and mill store building at 1213 Divi
sion street. Work w-lll be commenced
at once. The foundation will be 50x90
feet in dimensions.
Joseph Judge to Have Home.
Joseph Judge has commenced the
erection of a $3500 home on Williams
avenue, between Portland boulevard
and Dekum avenue. R. K. Stevens has
started a dwelling to cost $2500 on East
Fifty-second street near the Alameda
drive.
Company Starts Four Homes,
The Hallock Building Company has
started on the erection of four dwell
ings, each tnycost $ljff0. one will be
built on East Seventy-third and Has
salo streets, one on East Burnside and
East Sixty-second streets, one on Est
Eighty-fifth and East Ankeny slretTn
and one on' East Forty-seventh and
East Wasco strests.
City to Sell $ 1 10,000 Bonds.
City Commissioner Blgelow will re
ceive bids until 11 A. M. next Thursday
for the purchase of $410,000 worth of
city improvement bonds, to be dated
and numbered variously. The bonds
are payable ten years from date, bear
ing 6 per cent interest. Each bid must
be accompanied by a check for 6 per
cent of the bid.
Directory of Prominent
Life insurance Agencies
Members of Life Undcrnirilat
Asiociation of Oregon
Wra. Uoldni&n. Manager,
MANHATTAN l.ltlt.
Vl 1WII !
11 U. Collon, Un.r.
MASSAl'HLbKl'Trt ML'TLAI. I.IKS,
Chamber ot Comnierca tilds
tt. L. Harmou. MannsT.
! E.N.N lll.TLAL. 1.1 Hi.
Korlhwtfsitirn liank mug-
Horaca Mecklatn, Maoasar,
NEW t.NGLA.NU MUTUAL L.1KK.
KortUwaaiern Hank Bids.
Alms D. Rata, Manager,
MUTUAL, Lii'M IXSLKANCK CO. OK N. T.
Corbatt Bitig.
U. M. locum, Mgr.
RELIANCE LIFE INS. I O.. HllUburs.
208 Morgan bldg.. I'orHand. Or.
i Lockwood. Vii.e-lrea. and iia.
COLUMBIA LIKE A THUtsT CO,
Hpald Ins Bldg.
Pettis-Groaamayer Co., Jnral Asaala,
TUB TKAVEIJiUS' IN8. CO,
3DSH10 Will ox Bldg.
T. H. Mi'Alils. Manager.
UNION MUTUAL LIKE INi CO.
651 Charlock Bldg.
John 1'auar. Manager.
PRUDENTIAL INS. CO. OF AMERICA.
Kothchlld Bldg.
. W. Ameabuiy, Manager.
NORTHWESTERN MUTUAL LIKE INS. CO.
Northwaalern Bank Bldg.
Jutld l.oa-ray, Manager,
AMERICAN CENTRAL Lit E INS. CO.
503 Dekum Bicg.
M. J. Walsh Co.
LIGHTING FISTIHK".
FI.ECTHICtl. I OTH CTIt
A.D KI.KCTHICAI. "I PI'I.IKH OF
A I.I. KI.MI.
Sit STARK ST. BOTH PHOXK.