7
REALTY filEfJ ARE
SPURRED BY SALE
RENTALS SHOW GAIN
PORTION OF DISTINCTIVE RESIDENTIAL TRACT WHICH IS ABOUT TO BE TRANSFERRED TO ASSOCIATION OF 1000 REALTY MEN IN BIG DEAL.
Demand for Homes Stronger,
Report Agencies.
Westover Terraces Transac
tion Expected to Result in
Numerous Others.
PAYMENTS ARE PROMPT
if
IV
TTE SUNDAY" OREGOXTATT. PORTXANU OCTOBER 22. 191G.
ANOTHER OPTION TAKEN
Site Being Sought for Assembly
Plant of Tractor Manufacturing
Concern and Apartment-House
Is Among Projects.
No greater compliment has Been paid
Portland real estate in recent years
than the announcement last week by
the executive officials of the Interna
tional Realty Associates that they had
decided to purchase the entire unsold
area of Westover Terraces, amounting
to 308 lots, thereby investing many
times more than they have Invested in
any of the other cities of the country
during the two years of their exist
ence. Although title to Westover "has not
yet passed from the Lewis-Wiley Hy
draulic Company to the associates, the
deal is Just as good as concluded, ac
cording to all who have had any part
in the consummation of the transac
tion. F. N. Clark, who engineered it
from the first; Frederick H. Strong, of
the Ladd Estate Company, selling
agents; William H. Lewis, president
of the Lewis-Wiley Hydraulic Com
pany; F. E. Taylor, president of the
Portland Realty Board, and Dean Vin
cent, ex-president of the same board,
the latter two being the only Portland
stockholders in the association which
is purchasing the famous Portland res
idential property.
O. K. of Directors Asked.
The three members of the Interna
tional Realty Associates who came to
Portland to investigate Westover Ter
races, N. J. Upham, of Duluth, the
president, and C. L. Simpson, of Kansas
City, and C. F. Harrison, of Omaha,
were empowered to conclude the deal
and each of them placed a most em
phatic "O. K." on the property before
leaving. In view of the magnitude of
the deal, however. President Upham
thought it would be well, as a matter
of courtesy, to inform the 17 associa
tion directors before the option was
concluded finally. He very frankly
admitted that the entire directorate
has always accepted his recommenda
tion in matters of this kind.
Accordingly Westover Terraces has
been withdrawn from the market by
the Ladd Estate Company and it will
not be placed on sale again until af
ter the property is taken over a month
or so hence by the purcasers, who are
1000 stockholders in the International
Realty Associates, an inner organiza
tion of the National Association of Real
Estate Exchanges. Upon his depart
ure from Portland Tuesday night Mr.
Upham estimated that he would return
to Portland in about 30 days to con
clude the transfer and arrange for the
handling of the property by the mem
bers of the Portland Realty Board,
each of whom will be privileged to sell
Westover Terrace lots.
Definite Price Xot Ivno wn.
The exact price that is being paid
for Westover Terraces still remains a
mystery, although it is understood
generally and said upon apparently
good authority, that the total consid
eration fixed upon amounts nearly to
$1,000,000. making it Portland's largest
deal for many moons. ,
When the announcement of the
Westover Terraces sale was made origi
nally in The Oregonian last Wednes
day men in all walks of life congratu
lated themselves as well as the par
ticipants in the deal, for they recog
nized at once that the transaction
would mean more, perhaps, than any
similar development for a long time.
In the first place, the realty men
who placed their stamp of approval on
Westover are among the brainiest In
vestors in America. Before making the
Investment they investigated Portland
thoroughly from every possible busi
ness angle and they not only concluded
that Portland is all right in every fun
damental particular, but that it is
bound to leap ahead at once with rapid
8tride3. They believe the shipbuild
ing industry and the certain revival
of the lumber trade will do wonders for
Portland.
Project Is Inluqr.
The Westover Terraces district was
rormed a a residential tract by a se
ries or hydraulic processes which
carved steps on the hillsides and trans
formed uneven slopes into beautiful
Bites for homes, with an unobstructed
view of Portland and the lower harbor
in the- roreground. From an engineer
ing standpoint alone this district has
attracted favorable notice far and wide
and the purchasers promise to make it
famous all over the country as the most
distinctive residential area in America.
It is understood that the Interna
tional Realty Associates are consider
ing the advisability of purchasing other
properties in Portland, including sev
eral industrial tracts, and further de
velopments along this line will be
awaited with interest.
Several of the most prominent realty
brokers of Portland remarked last week
that- the Westover Terraces deal has
done more to make investors and prop
erty owners enthusiastic than anything
that has transpired in five years. This
oeai. together with the sale of th TTr
tel Multnomah and several other large
deals that are about to be announced,
are interpreted as significant of still
better things in the not far distant
xuiure.
Option Given on Kurlid Heights.
As a direct result of the Westover
Terraces transfer H. G. Beckwith, of
the Fred A. Jacobs Company, said last
week there is good prospect that the
enure resiaentlal tract known as Eu
clid Heights, located east of the north
line oi laurelhurst, will be sold soon
to a Minneapolis syndicate. At the time
the officials of the International Realty
Associates were in Portland Mr. Beck.
with showed the Euclid tract to the
representative of Minneapolis investors
ana ne nas recommended the purchase
it is said. Euclid Heights embrace
60 lots, improved with sewer connec
tions and paved streets. It is under
stood the present option on the nron
erty is based on a valuation of about
JS00 a lot, including the improvements.
ne tract is bounded by East Fortv-
ninth. East Forty-seventh street and
.tsarr road.
A deal is known to be pending for
the purchase of a five-acre tract along
the O.-W. R. & N. tracks on the East
Side that is wanted for the location of
a proposed assembly plant ordered by
Russell Bros., a wealthy Ohio firm
which manufactures tractors and har
vesters. Several concrete buildings
are planned for the proposed plant, it
Is said.
Auto Iln 1 Iding Announced.
Arrangements were made last week
for the construction of a three-story
brick building- on a 50 by 100-foot lot
south of the Home Telephone Company
building on Park street near its inter
section with Ankeny. The structure is
to be occupied by the Portland branch
of the Ger linger Motor Car Company
during a tenure of five years at least,
and will cost about 122,000, according
to the estimates of the architect, C. A.
Duke. The proposed building is to be
faced with buffed brick, with green
mortar trimmings, will have terrazze
tipped marble floors and the interior
will be finished in white with indi
rect lighting. 1
E. E. Gerllnger announced last week
that he has sold his motor truck man
ufacturing plant in Tacoma, Wash., to
the Gerslx Alotor Truck Company, a
Washington corporation, for a 'consid
eration of $75,000. This sale included
six lots, three factory buildings and
valuable equipment.
Many Bnlldlns;s Planned.
Lewis Irvine Thompson, a Portland
architect, announced last week that he
is preparing plans and specifications
for a number of buildings to be erected
between this time and next Spring that
are to cost about $250,000 in the aggre
gate. Not all of the construction work
is to be done in Portland, Mr. Thomp
son reports. He is unable at this time
to give details on any of the proposed
new buildings.
Home Sold for 97000.
Tne handsome eight-room Colonial
residence just completed by W. N. Ev
erett, a builder, at 109 Royal Court,
Laurelhurst, near East.Glisan street,
was sold last week to Mrs. Fred Kln
dorf for $7000. This makes the 14th
residence that Mr. Everett has built
and sold in Laurelhurst during the past
few years.
Garage Building; Planned.
Plans are being prepared by Good
rich & Goodrich. Portland architects,
for the construction of a one-story
brick or tile garage building on a lot
50 by 12j feet in area on Twelfth street
near Main street. The estimated cost
of the building is $6000. Robert J.
Upton is the owner. The building is
to have a plate glass front, and will
be suited for the occuancy of an auto
mobile garage firm.
Apartmcnt-Honse Planned.
F. Manson White a Portland archi
tect, announced last week that he is
pVeparing plans for a $28,000 apartment
building to be erected on an East Side
location yet to be announced. The
proposed new building is to extend
three stories above abasement 50 by
100 feet in area, and is to contain 24
two and three-room apartments.
Three Large Permits Issued.
Building permits were issued at the
City Hall last week authorizing the
erection of the proposed new H. Llebes
& Co. home on Broadway near Morri
son street, at an estimated cost of
$150,000, for a $25,000 residence pro
posed for erection by the Oregon Home
Builders at 901 The Alameda, in Olm
sted Park, and for a one-story weather
shed ordered by the Heath Building
Company on its property along Water
and I ront streets near In oods street.
The permit authorizing the latter build
ing cites $,10,000 as the probable cost.
REAIi ESTATE DEALS CLOSED
Samuel Doak Negotiates Several Lot
and Acreage Sales.
Samuel Doak reports the following
realty sales recently made through his
office:
A. P. Majloy, of Seattle, bought 160
acres of land, including large body of
timber, about six miles northwest of
Dallas. Mr. Malloy made the pur
chase as an investment.
J. G. Arnold bought an improved
acre near Lents Junction.
Eliza B. Cowles, of St. Paul, Minn.,
purchased an acre with a four-room
bungalow, near Gilbert station on the
Estacada carline.
M. C. Menefee bought a two-story
modern residence at East' Fifteenth
street North.
William Bremer, of Tigard. Or..
bought seven and one-half acres, im-
Droved. located near Tigardville.
Eighty acres or land, nearly one nan
in commercial orchard, belonging to
Clara H. Rowland, and located near
Cape Horn. Wash., ' was traded to J.
C. Morgan, for unencumbered Portland
property.- some cash and mortgage bal
ancing difference. Mr. Morgan expects
to develop the orchard and further im
prove the property.
B. C. Hatcher bought four lots lo
cated at the northeast corner of Wool-
sey and Kilpatrick streets.
SINGLE TAX IS DEALT BLOW
Fels Fund and Commission, to' Go
Out of Existence in December.
The property owners of Portland, as
well as all interested in the reputa
tion and welfare of the city, will be
glad to learn that the Joseph Fels
Fund Commission as well as the Joseph
Fels Fund, which has financed sev
eral single tax campaigns in Oregon,
will go out of existence on December
31, this year. Decision to this effect
was reached at the recent meeting of
the National Single Tax Association in
Niagara, N. Y. At the present time
the slngletaxers- are said to have no
definite plan, although they are think
ing of organizing a single tax associa
tion. Every time the single tax issue has
been presented in Oregon it has been
greeted with a more and more decisive
defeat, and the fact that the Joseph
Fels Fund is to pass out of existence is
expected to weaken the cause still fur
ther. In 1904 single tax was defeated in
Oregon by a majority of 24,000; In 1912
it was beaten by 30,500 and in 1914
by 65,000. .
1
N PROFILE VIEW OF WESTOVER TERRACES. SHOWING HOW HOME
CONTRACT IS GIVEN
Dinwiddie Company Will Build
New Liebes Building.
STORE WILL BE MODERN
Structure Under Way Is to Comprise
Latest Features of Specialty
Stores and Will Be Beady
February 1.
John P. Plagemann, manager of the
Portland house of H. Liebes & Co.,
which has connections in San Fran
cisco, New York City, the fashion cen
ters of Europe and trading posts in
Alaska and other fur-bearing countries,
announced last week the placing of the
contract for the construction of the
company's new building, which is about
to be constructed on Broadway near
Morrison street, with the Dinwiddie
Construction Company.
The new building is to cover a lot
50x100 feet In area, located directly
north of the Broadway building, which
stands on the northwest corner of the
street intersection, and will extend five
stories above" a full basement. The
property is owned by the heirs of An
ton Huth, who died recently at his
home in Tacoma. and the present ne
gotiations are being carried on by Mrs.
Agnes Huth, administratrix.
According to the estimates given last
week by Mr. Plagemann and John V.
Bennes, the architect in charge of the
plans and specifications, the building
itself will cost approximately $120,000
and the fixtures and furnishings about
$40.00 in addition, making the total
invesffnent $160,000.
Building to Be Ready February 1.
The old frame buildings which for
merly occupied the site have been torn
down and the excavation work com
pleted. The present schedule calls for
the completion of the building about
February 1.
The entire front of the building is
NEW SPECIALTY STORE ON BROADWAY, NEAR MORRISON, WILL BE
EQUIPPED WITH MOST APPROVED APPLIANCES, INCLUD
ING REFRIGERATED COLD STORAGE VAULT.
1
nWsswff It-
Perspective of New Liebes Building, Which Is About to Be Constructed
Estimated Cost of (HSO.OOO, Including Furnishings.
to be of cream matt-glazed terra cotta.
The interiorof the first floor Is to be
finished in Circassian walnut and at
least two of thenpper floors in ivory
and gold, The entire building is to be
equipped with magnificent electric
light fixtures, and all the furnishings
will be most modern, making the new
structure one of the most complete and
up-to-date business establishments in
Portland.
"It is our hope and intention to make
the new store the leading specialty
house of the West."' said Mr. Plage
mann, in commenting upon' the new
Liebes building yesterday. "Our furs
have held a high standard for many
years and we intend to carry out the
same standard in connection with our
new ladles' garment and suit section.
"The fur display and sales depart
ment will occupy the main floor, also
the ladies' waist section. The entire
second, third and fourth floors will be
devoted to ladies' and misses' suits and
dresses. This department has been i
feature of the Liebes San Francisco
establishment for many years, and with
its co-operation and purchasing con
nections the Portland house will have
many advantages to offer. The fifth
floor will be devoted to the manufac
turing of furs and fur garments which
for over 50 years have held the high
est merit throughout this country and
Europe.
Cold Storage Important.
"A most important Item of the Liebes
establishment is the refrigerated cold
storage vault, conceded to be the
largest for the exclusive care of pa
trons' furs, Turkish rugs, valuable dra
peries, tapestries, gowns, etc.. which
must, at certain seasons, be laid away
from the danger of loss or damage by
moths, fire or theft. A temperature of
20 degrees 'below freezing is always
maintained.
"The plans and specifications for this
building were prepared by Architect
John V. Bennes. Many new engineer
ing features are to be incorporated
which are not to be found in any other
Portland building, including the Kahn
reinforced concrete and metal filler
system, in which the massive terra
cotta face of the structure is cantlle
vered. thus avoiding the obstruction of
columns in the show windows, which
will contain the largest plate glass of
any window in the city, giving a clear
and full view of display.
"For the care and convenience of
their employes there will be. a dining
room provided, also recreation-room
and roof garden."
A Jacksonville fPls. ) newspaper dixa up
the firm name of Shearer A Hare aa aultable
for a barber shop, and. In fact, uaed by one.
t
- '
r
SITES HAVE BEEN' FORMED.
LAND VALUES TOLD
Appraisal ?of City Properties
Involves Complex Problems.
GOTHAM FIRST IN AMERICA
Utilities, Retailing, Manufacturing
and Wholesaling and Residences
and Apartment-Houses Are
Factors in Fixing Values.
BY HENRY E. REED.
(Addreaa on "Factors of Ind Value." pre
pared especially for Kred College extension
course lecture at Central LJbrary last
Monday, evening.)
Cities present the most complex
problems .pertaining to land values. In
them, where population is massed,
where all forma of. commercial life
hum and tlyob. where the fundamental
factors of growth and development are
constantly asserting themselves and
creating new conditions, are to be
found the highest values of land for
specified areas.
London, the world's greatest center
of population, finance and trade, leads
all the cities in land values. Its fig
ures cannot be computed with pre
cision, as the public revenues, so rar
as derived from real estate, are col
lected upon the annual value, and not
upon the capital value. They are es
timated bp be about $7,500,000,000.
New York Is the first American city
in respect to land values. Its total
valuation of real estate for the year
1916 is more than . $8,200,000,000. of
which about $5,000,000,000 is land alone.
The London and New York totals which
I quote are the cleared site values;
that is. the land considered apart from
the structures upon it.
The unimproved value, which fre
quently is referred to in connection
with land, is the land aivestea or an
improvements made in. on, or under
the land. It would represent a total
considerably- less than the cleared site
value.
Funlanntil Difference In Factors.
1 Utilities fix values.
2 Retailing.
3 Manufacturing and wholesaling.
4 Residences and apartments.
Vtllltles Fix Values.
I have been requested to Include In
this paper a discussion of the funda
mental difference in factors Involved
in the value of land for manufacturing,
wholesaling, retailing, apartments, res
idences. Considering the question as
applied to cities, the fundamental dif
ference between the several classes of
property named consists wholly in the
utilization of the land. Utilities fix
values. It has been well said that the
basis of the distribution of all busi
ness utilities is purely economic, land
going to the highest bidder, and the
highest bidder being the one who can
make the land earn the highest amount.
On the other hand, the basis of resi
dence values is social, and sot eco
nomic In American cities, with one excep
tion, the most valuable land in use Is
that devoted to retail business. xne
exception to the rule is the City of
New York, and more especially that
part of It known as the Borough of
Manhattan. Here, because or me city s
domination as the money center of the
western world, where are located the
great banks, trust and insurance com
panies, sub-treasury and exchanges, fi
nancial land is the most valuable. It
is rated higher than the best retail lo
cations on Fifth avenue, and sells for
higher prices when sales are made.
Retailing.
Retail stores, especially those o
high grade, congregate in the business
center of the city, witnin easy reacn
of the greatest number of customers
of the highest purchasing power. The
retailer places his shop where the cur
rents of traffic are greatest, so that he
may make the best possible display of
his wares and attract buyers. It is
the buyer who seeks the seller, but the
seller establishes himself at the point
of most convenient access to the buyer.
A large amount of traffic is the ele
ment mainly desired for retail business.
The greater the crowd that uses the
street fronting a shop, the greater the
retailer's business, or at least his chance
of doing business. To the retailer
frontage is everything.
Manufacturing and Wholesaling.
Manufacturing and wholesaling call
for a use of the land differing from
that of retailing. The vending of goods
of light weight and high values usual
ly brings these establishments relative
ly close to the retailer, but the vending
of bulky goods of low value will keep
the establishments away from the re
tail district. Values of manufacturing
and wholesale property do not respond
so quickly to a city's increase in popu-J
lation and business development as do
the values of retail and residence 'land.
Manufacturing and wholesale lines
do not depend exclusively upon the
home market, but seek trade in a wide
range of territory in competition with
other cities. -They transact tusineas
,1
i.
through traveling salesmen, who take
orders and report them to the home
office for filling. Factory locations
are not much affected by city growth.
Value of land for factory purposes is
almost exclusively a problem of trans
portation, labor supply, raw material
and distribution of products. In this
scheme of things the population of the
city Is a minor factor, except in so far
as it supplies the necessary labor and
is part of the market for the manufac
tured goods. Frontage and pedestrian
traffic, so vital to the retailer, are of
small consequence to the manufacturer
and the wholesaler.
For these last-named lines of busi
ness, frontage serves its principal pur
pose in giving access to the street for
the receipt and shipment of goods and
in providing light and air. The throngs
of shoppers that delight the retailer
would bring dismay to the soul of the
wholesaler or manufacturer, for they
would crowd the sidewalks and inter
fere with the regular movement of
goods in and out of his establishment.
Ilesldenres and Apartments.
It has already been said that the
basis of residence value is social. Man
selects the business site for economic
reasons, and man selects the home site
for the social atmosphere. Residence
land, like business land, goes to the
highest bidder. In the case of business
land, the rule Is that the better the
location' the more are the uses that can
be made of it; hence the more bidders
for it. In the case of residence land,
the rule is that the more social advan
tages that attach to it. the more bid
ders there will be for it.
The most desirable sites for resi
dences are occupied by those best able
to pay for them, the second-grade loca
tions by those of more moderate means,
and so on until we reach the least de
sirable locations for homes. Private
residences of the best grade seek the
locations that are elevated, that are
not too close to the business district
nor yet too far distant from it, that
have a good approach from the busi
ness center and that are free from
unnecessary traffic and nuisances..
Apartment-houses are simply resi
dences on a large scale. With this
class of froperty. as with business
land, the basis of value is economic.
At the same time, apartment-houses
of the highest types seek locations In
the best residence districts or on traf
fic streets leading thereto, or facing
public parka and other open spaces.
SEVERAL lEASES REPORTED
Two New Manufacturing Concerns
Said to Re Seeking Quarters.
Stanley S. Thompson & Co. report
that during the past week they have
closed leases for the following prem
ises: Brick warehouse building (SOxlOO),
333 East Eleventh street, leased to R.
L. Short, practical automobile repair
shop. Owners, MacN&ughton & Ray
mond. Second floor of the building at 107V4
Sixth street, near Washington.- leased
to Messrs. Hochfeld and Solomon, to
be used as billiard-rooms. Owner, S.
Morton Cohn Realty & Investment
Company. '
Storeroom at 6413 East Seventy-second
street, in the Thompson block,
leased to City Park Meat Market.
Stanley S. Thompson Company, owners.
Storeroom at 427 Washington street,
leased to Won Lung for Chinese Chop
Suey restaurant. Owner, S. Morton
Cohn.
Storeroom at B42 "Washington street,
leased to M. Feldman, hotel supplies.
Owner. Cecil Bauer.
Storeroom at 469 Washington street,
to E. H. Reuppell for the Portland
agency of the Wayne Gasoline Pump
Company.
Storeroom at 473 Washington street,
leased to I. Sutton for art china store.
Owner. Edgar M. Lazarus.
The company is said to have two new
manufacturing concerns figuring on
the old Cashier building, at Kenton,
one of the most modern concrete fac
tory buildings In Portland. One of the
prospective tenants is a macaroni man
ufacturing company, the other is an
automobile truck manufacturing com
pany. Motn or tne concerns are Deing
organized at the present time.
MR. STRONG LECTURES MONDAY
"What Constitutes Commercial Value
in nnildlng," Topic.
Under the auspices of the Reed Col
lege extension course Robert IL
Strong, manager of the Corbett estate,
will lecture In room II of the Central
Library tomorrow evening on "What
Constitutes Commercial and Structural
Value In Buildings."
He will discuss the relation of site
to building, the commercial problem in
buildings, depreciation, what a build
ing can expect to earn, the risk of a
"special purpose building" and the costs
of buildings stated in general terms.
Under the term buildings he will in
clude warehouses, office and store
buildings, apartments and residence
property.
Architects Elect Omcero. .
Joseph Jacobberger was elected pres
ident of the Oregon chapter of the
American Institute of Architects at the
annual meeting of that organization
last week. J. Andre Fouilhoux is the
new vice-president; W. C. Knighton is
secretary, and lone Lewis and Morris
Whltehouse are the trustees.
Situation Is Declared Better Than It
Has Been for Three Years.
Storekeepers Xot Asking for
Time as Formerly.
Opinion among dealers who have
residences and small stores for rent
seems unanimous In support of the
prevalent idea that there Is a stronger
demand for homes now than there has
been and that the general tone of the
market is improving. Among those
who expressed themselves on this point
last week were: Frank E. Watkins. of
Parrish. Watkins & Co.; Henry W
Fries, of Wakefield. Fries & Co.. and
Donald G. Woodward. representing
prominent firms that have been In the
rental business In Portland for a great
number of years. ' Each of them said
the situation appeared to be improving,
though all did not express the same)
tone of optimism.. The officers of Smith
Wagoner Company report a tremendous
demand for good houses.
' "Our rental department In the last
30 days has had calls from 376 different
people looking tor houses to rent." says
an oftiuvr of the last-named, firm.
"Nearly all of these people were look
ing for the better- class of houses,
hardly any number of which could bo
supplied." .
"To me it seems the rental business
Is a great deal better than It has been
for three years." said Mr. WoodwarS. "t
have lust checked over my records and
find that we have rented twice as
many places since September 15 as wo
did during a corresponding period last
year.
Rentals Paid Promptly.
"Furthermore rents are being paid
on time this year, whereas last year
tenants asked for favors In that re
spect. The proprietors of little stores
do not have to beg for 30 days' time as
they did a year ago. They seem to be
busy.-
"I notice, too. that men are not
around begging for Jobs this Fall like
they were last year. I am certain there
are fewer vacant houses in Portland
than there were a year ago and a
noticeable interchange of tenants In
dicates that outside people are com
ing in.
"The whole situation Is Infinitely
better and the growth in the number
of applications for houses and flats in
dicates that there will be a market
for vacant places all Winter long."
There is an Increased demand for lo
cations." said Mr. Fries. "Renting Is
freer than it was a few months ago.
and I notice quite an improvement In
the situation. I believe there are as
many places vacant as there were a
year ago, but more people seem to be
coming in now and the tendency Is
stronger. Some outside places that
have long been vacant are renting now.
Many small business houses are open
ing." Demand Is Better.
"The demand is better than It was
last Spring, but the rents are no
higher," said Frank Watkins. "On the
whole the situation Is better than it
was a year ago, and our business Is
growing steadily. Rents are about the
same as they were last Fall, which
means they are. as low as they have
been for some time.
"The better demand indicates that
new people are coming in. The condi
tion is considerably better in the store
game. Husiness men were worrying
about the coming of prohibition a year
ago. This has hurt- some of the out
lying locations for a time whereas the
Inside district Is all rlsrht."
Directory of Prominent
Life Insurance Agencies
M ambers of Life Underwriters'
Association of Oregon
Wm Goldman. General Manager.
KAIIO.VAL L1FU UF Vi.HMO.NT.
Orciconl.n lild s.
H. G. Colton, Manacer.
MASSACHUSETTS MUTUAL. LIFsV
Chamber of Commerce. Bids.
K. L- Harmon. Manager.
PENS MUTUAL LIKE.
Noiyhwestern 'lianlt UlUff.
Horace Meclclem. Manager.
NEW ENGLAND MUTUAL. LlfE.
Northwestern liank Bliis.
G. M. Blocum, Msr..
RELIANCF LIFE INS. CO.. Pittsburg. Fti
206 Morgan HUlg.. Portland Or.
8. P. Lockwood, Vice-Pres. and Gen. Msr
COLUMBIA I.IFB TRUST CO.
202 Stevens Bids.
Pattls-Grossmayer Co.. General Actsts,
THE TRAVELERS' INS. CO,
303-310 Wilcox Bids.
E. W. Amesbury. Managsr.
NORTHWESTERN MUTUAL LI KM INS. CO,
Northwestern Bank Hide
Judd Lowrey. Supl,
N CENTRAL. LIKE IN
AMERICA
S. CCA.
719 ixkum mac.
John Pauer. Superintendent.
THE PRUDENTIAL INSURANCE CO,
601 Northwestern Bank Bids.
T. H. McAltla. Btata Mar.
PSION MUTUAL LIKE INS. CO.
Board of Trade Bids.
EdtCHr W. Smith. Manager.
EQUITABLE LIKE ASSURANCE SOCIETY.
80 Oregonian Bldg.
D. C. Herrln. General Alt.
COLUMBIA N NATL LIFE LNSv CO,
nt5 pnMlnr Hlda.
State Members
Portland Realty Board
The following real estate men are
the accredited members In their re
spective cities of the Portland Real
ty Board. None of these sought
membership, but were selected after
a canvass of the available men in
their line. If you have a real estate
transaction in any of these cities
or wish information, write them:
Astoria Astoria Harbor Imp. Co.
Bend J. A. Estes.
Graala Rasa P. B. Herman.
Ileppner Smead & Crawford.
Kosebarg W. A. Bogard.
BUILDERS' SUPPLIES and
HOME SUGGESTIONS
tj.C. ENGLISH CO.
L1L.H1INU
FIXTURES
E. Irvlaar and Dalaa Areas' C
a-torr to Coasame.
s " Hi. U4a, V uetk
There Is a Good Paint House
' in Portland
TIMMS, CRESS & CO.
1M tt.LO.MJ s l'lUUET.