10
TIIE SUNDAY OREGONIAN", PORTLAND, SEPTEMBER 2, 1917.
VACANCIES
AT
Retail District Gains Prove
Satisfactory to Portland
Business Trend.
ELLISON BUY IMPORTANT
Chautauqua Man's Purchase Only
: Another Evidence of Popularity
of Realty Here Residences
in Brisk Demand.
The best pews that has been fur
nished Portland property owners and
realty agents for a long time was pro
vided last week when the report of the
Portland Association for Building Own
ers and Managers, summarized in yes
terday's Oregor.ian. showed that store
vacancies in the retail district are now
much rarer than they were In May. 1916.
In fact the gains made in the retail
district between i'lrst and Eleventh
streets and between Taylor. Yamhill
and Pine streets are remarkable.
The surveys, made on the basis of
feet frontage, for the entire retail dis
trict of the West Side, show an im
provement of 3S.3 per cent. The dis
trict Includes 52 city blocks, embracing
4.1.100 total frontage. All of the vacan
cies on August 15 totaled but 2259 feet,
as compared with 3663 feet in May,
1916. The north and south streets show
an improvement of 41 per cent, and the
east and west streets a gain of 32 per
cent.
The largest purchase of the week in
volved the sale of a strip of land 52 by
104 feet in area extending through
from Washington street to Alder street
and between Sixteenth and Seventeenth
streets. This property was sold by Mrs.
Cora Puffer to J. R. Ellison, president
of the Klllson - White Chautauqua
bureau, which has offices in Portland
and in Boise, Idaho.
Exact Price Kept Secret.
The exact price paid for the property
has not been made public, but it is
known that the holding is assessed at
$32,000, and the presumption is that the
selling consideration was in excess of
that figure. The deal was handled
through O. V. Badley. With the excep
tion of about $10,000 worth of property
the consideration is said to have been
cash.
The property is covered with a build
ing that has two stories of frontage
on the Washington street side and one
story on the Alder street side. The en
tire upper floor is occupied by the Acme
Auto Company, while the lower floor
on the Washington street side is divid
ed Into three stores Nos. 528, 52S
and 530.
Mr. Ellison's work takes him over all
parts of the country, and the fact that
he has seen fit to make a substantial
Investment in Portland property is in
terpreted as a good omen by local
realtors. Mr. Ellison recently pur
chased the O. W. Taylor residence
property in Laurelhurst.
A residence deal that has been under
negotiations for some time was cloned
last week when T. H. Comerford, sec
retary of the Portland Machinery Com
pany, purchased from Mrs. Ella Apple
Kate an attractive nine-room home lo
cated at 500 East Twenty-fourth street
North, near Brazee street, in Irvington.
The consideration is understood to have
been about $7000.
George Watt, president of the Brighton
Mills Company. Brighton, Or., has pur
phased the 12-room house and quarter
block situated at No. 775 Wasco street
t the northeast corner of East Twenty
lourth street.
RcmodHns Is Planned.
Mr. Watt Intends to remodel the
house and grounds and will make it his
luture home.
The sale -was handled through T.
Hartt Gardner, of Dove & Gardner, and
the consideration is understood to have
been $6500.
: E. and C. Lovegren last week traded
the two-story frame apartment build
ing of 16 rooms located on Mailory ave
nue, near Union avenue, together with
160 acres of land in Lake County, to
T. "W. Spark for a fine five-acre tract
situated along the Mount Scott carline
at Firland station. The properties on
each side of the trade are said to be
worth approximately $10,000.
One of the largest farm deals report
ed last week was closed through the
office of Ayres & Englehart Company,
Portland realtors. A wheat ranch of
814 acres located four- miles east of the
town of Klondike, in Sherman County,
was traded by Mr. and Mrs. R. E.
Sutherland and V. M. Kinsel to Mr. and
Mrs. F. G. Warren, of Hillsboro, who
gave the ranch owners title to p. 12
ncre and a 15-acre well-improved tract
near Hillsboro as $17,000 of the consid
eration. The balance was satisfied by
cash and mortgages. The wheat ranch
Was placed In the transaction at a
valuation of $30,000, Including the
equipment.
Permit Issued for a 920,000 Garage.!
L. G. Clarke obtained a building per
mit last week for the construction of
the two-story garage building planned
for erection on his property at Twelfth
and Stark streets and which is estimat
ed to cost about $20,000. The plans
were drawn by Houghtaling & Dougan,
and the contract is in the hands of
Oscar R. Wayman.
Pioneer Cafe to Have New Building;.
F. B. Turner, who has charge of the
general contract for the construction
of the one-story building to be built
for the Wllhelm estate on the site of
House's restaurant, one of the pioneer
eating houses of Portland, has let sub
contracts on the brick and masonry
work to John Girder and on the elec
trie work to the Scott Electric Com
pany. The building Is to be 50 by 100
feet in dimensions. Goodrich & Good
rich are the architects.
aiany Industrial Buildings Under Way.
The Foundation Company took out
building permits last week for the
construction of ten 350-foot shipways,
to cost $24,000; of a two-story sawshed
and mold loft, to cost $7000, and a one
story storeroom to cost $1000. The
work Is to be done on the company's
property on Nicolai street, between
Harbor and Sherlock.
The O.-W. R. & N. Company obtained
official permission to alter a black
smith shop, foundry, two storehouses
and to er.ct a one-story shop on its
property at the foot of Russell street,
the total work to cost slightly more
than $10,000.
.. The Grant Smith-Porter-Guthrie Com
pany took out a permit for the erection
of a $2000 joiner shop and a $2000 ma
chine shop at Chicago and Albany
streets, in James Johns' addition. The
loggers' Machinery Company obtained
a permit for building -a one-story shop
on North Eighteenth, between Sherlock
and Front streets, to cost $u000.
910,000 Sale Reported.
The T. J. Gore farm of .30 acres a
short distance north of town was sold
yesterday by Hon. M. A. Miller, who
has owned it for a few months, to
Jacob and Roy F. Fits water, says the
STORE
NOW
PR
Lebanon Express. Roy takes the part
east of the old road and north of the
ditch, and his father takes the re
mainder. The consideration was not
given out, but we understand It was
about $10,000. all cash.
REALTY BOARD TO CONVENE
Friday Is Set for First Meeting Since
Regular Summer Recess.
The first meeting of the Portland
Realty Board since the commencement
of the regular Summer recess at the
end of June will be held in the crystal
dining-room of the Hotel Benson next
Friday, starting at 12:15 o'clock.
The coming meeting will be given
over to the .reading of reports on the
convention of the National Association
of Real Estate Boards held in Milwau
kee. Wis., in July. Formal reports will
be rendered by Frank L. McGuire. pres
ident of the Portland Realty Board:
Paul A. Cowgill, secretary of the Port
land Realty Board, and informal re
ports will be given by several 'other
Portlanders who attended the recent
convention in unofficial capacity.
$15,000 IS PAID FOR RANCH
Sargeant Place In Roruc River Val
ley Changes Hands.
Oscar Sullivan, of Fresno, Cal., has
purchased through A. N. Parsons the
Sargeant ranch, on Williams creek,
from R. P. Brooks, the deal including
the crop, stock and personal property,
announces the Rogue Rive- Courier.
This is an irrigated ranch and one of
j ATTRACTIVE LAURELHURST
is- '
5
7 l-ncf
1
"
r-rJcor
.Xew Mnc-Kuum Honse i Somhvresr Corner ot East r-orty-rirat and Kant Flanders Streets. Which Wu Sold
lnt Week by 1). J. Mabouey to It. J. Cherry, of Boise, Idaho.
the best in the Williams' district. Mr.
Brooks has had the ranch only about
a year, and Is forced to give up ranch
life because of the poor health of Mrs.
Brooks.
Mr. Sullivan, who was formerly in
the hotel business, left Fresno in his
automobile 10 weeks ago, toured all
through California, Nevada, Eastern,
Central and Southern Oregon, and se
lected this property as the choice of
all he had seen. The consideration is
understood to have been about $15,000.
DEMAND FOR RESIDENCES BIG
Replies to Newspaper Advertise
ments Increase ' Heavily.
Frank L. .McGuire, president of the
Portland Realty Board, who is particu
larly active in the sale of residence
Property," reported last week that-there
was considerable demand tor residences
at the present time .among homeseek
ers who are contemplating establish
ing, permanent residence in Portland.
Mr. McGuire says that replies to
newspaper advertisements ' are aboui
three times as numerous as they were
last year. The outlook for the Fall
realty market is bright, he believes.
Through G C. Goldenberg, manager
of the house sales department, Mr.
McGuire's.office has closed the follow
ing recent sales:
A five-room residence located at
4116 Sixty-sixth street, sold to Joseph
Brogen, who will occupy it himself.
An eight-room residence located on
lots 1 and 2, in block 9, Dunn's Addi
tion, which Frank Jue purchased as
an' investment.
A residence located at 902 Cast Fif
teenth street. North, along the Irving
ton carline, sold to Texie Butler.
Two lots in block 7, of Marchmont
Addition, together with a six-room res
idence which the purchaser, K. H.
Struck, expects to occupy.
A residence and garage at 3804 Sixty-
sixth street. Southeast, which G. E.
Falls bought for a home.
Sold to Emily R. Dorney, lot 18, In
block 31, Irvington, for J1S00.
To Mrs. Agnes Beebe, lot lo. In block
Terrace Park, for 400.
More than 2,000,000 European wom
en have been forced to take up men's
work since the war started.
CLACKAMAS COUNTY METROPOLIS NOW BOASTS OF COMPLETELY EQUIPPED MOTOR CAR
PLANT.
NEV GARAGE OF MILLER
COST OF BUILDING
IS NOW EXCESSIVE
Homes May Be Bought at
Prices Much Cheaper Than.
" They Can Be Built. "
LABOR AND MATERIAL RISE
'. E. Bowman, Ten Years Active
Suilder in Portland, Advises
Teople Who Want Homes to
"Buy Without Delay.
Residents of Portland who contem
plate, the purchase of a new home in
the near future are advised by those in
close touch with the present status of
the building market to "make hay
while the sun shines."
Architects and builders declare that
RESIDENCE IS REPORTED
CONSIDERATION OF $6500.
i8-3 ' ;h:. i it; - K-m
the residence which cost the owner
(4000 a year ago would now entail the
expenditure of about $7000, if it were to
be duplicated. These same authorities
express the opinion that the house
which cost $15,000 several years ago
would cost nearly $25,000, if It were
duplicated today. The reason is given
in the greatly increased cost of . mate
rials and the fact that labor Is much
dearer today than It was a year ago.
Lumber More Than Doubles.
"Let's take lumber, for instance,"
said F. E. Bowman, one of the promi
nent ' builders of high-class residences
and apartments. "Lumber known as
'No. 1 common,' which sold a year ago
at $9 a thousand, now sells for from
$20 to $25 a thousand, depending upon
the quality. Labor Is approximately
33 .1-3 per cent higher for carpenter
work, and it is hard to get even at
that price. A year ago we paid car
penters $3.50 a day. Now the ruling
wage at the American Lake cantonment
is $5 a' day. '
"Furthermore, the. cost of plumbing
materials, of wiring, of paint and paint
machinery, of sheet metal work, of
glass and many other necessary mate
rials has doubled. The cost of mill
work has increased about 50 per cent,
and so it goes. ,
Residence Building Stops.
"Plaster sold a year ago 'for $8 a
ton; today it tarings $14 a ton. Cement
is already 10 cents a-barrel higher than
it was, and there is a good chance for
a material rise In the immediate future.
"As a result of the present prices
there will be hardly any residence con
struction until the people get accus
tomed to the new prices or until the
prices come down. Personally," t be
lieve it will be a long, long time before
prices drop.
"Meanwhile the houses that are now
on the market offer good buys at the
old scale of prices. I figure that a
man today can buy a completed house
and its lot much cheaper than if some
one gave him a lot with the provision
that he build a house on it. Because
of this situation, no one need hesitate
about buying a residence at the pre
vailing prices.
Higher Rentals Predicted.
"As soon as the general public awakes
to the fact that It costs so much more
PARKER COMPANY AT NINTH ANI
to build today than it did last year,
prices will be increased gradually and
with 'them I predict that rents will go
up correspondingly."
Mr. Bowman has for the past 10 years
built on the average of one residence
a month in Portland and has also
erected a total of 14 apartment houses.
As a result, he is thoroughly familiar
with the market. With the exception
of one or two buildings that are now
nearing 'completion, he is not" carrying
on any building work at the present
time.
Those brokers dealing especially in
residence rentals report that there are
now virtually no desirable residences
for rent in Portland and that the apart
ment buildings aro also well filled.
More Residence Will Be Needed.
In. the final adjustment more resi
dences will have to be built, because
new people are coming Into the com-'
munity every week, and, as an addi-1
tional factor, many residences, some of
them more or less desirable,' are being
torn down each month to make way for
the industrial expansion of Portland.
Ultimately these newcomers will be
obliged to build'in order to get suit
able places to live in.
Just at present many who could af
ford to erect fine homes, even at the
present cost of construction, are rather
cautious. As a rule the men of this
class are busy : turning their capital
over into increased profits and are
quite too busily engaged in the prac
tice of making money to think of
building, operators say. The day is
soon coining, however, when their
thoughts will turn toward plans for a
new home,
and then, students of the
SOLD TO IDAHO MAN AT
tfifMuifrir nihil
situation predict, there will be a rapid
change in the prevailing attitude.
TWO HOMES ABE SOLD
IDAHO FARMER BUYS HOUSE
IN
, LAl'RELHCRST.
R. J. Cherry, of Boise, Pays S650O for
Klne-Room Residence Rex Perkins
Sells House to O. W. Taylor.
Paul C. Murphy, sales agent for
Laurelhurst, reports the following sales
made in. Laurelhurst during last week
D. J. Mahony sold to .R. J. Cherry a
nine-room colonial house on the south
west corner of East Forty-first and
Flanders streets, for $6500.' Mr. Cherry
is a wealthy farmer from Boise. Idaho,
who has selected .Portland as his fu
ture home.
Rex Perkins sold to O. 'W.. Taylor an
eight-room residence on East Irving
street, at Mirimar Place, for $6000.
SUGAR COMPANY BUYS LAND
$25,000 Paid for 255 Acres Near
Central Point. .
The Utah-Idaho Sugar Company Is
in the market for 1500 acres of Rogue
River "Valley land and last week made
its first purchase of 255 acres of irrl
gated land near Central Point, says the
Grants Pass Observer. For this they
have paid $25,000. There are five acres
of orchard on this land and 250 acres of
sugar beet land. It lies both sides of
tne southern racmc Kauroad and on
the Pacific Highway. There is some
profit in beet .raising when $100 an
acre can be paid for the land. Mrs.
F. L. TouVelle has also invested in
beet land in the same vicinity. She
purchased what has been known as the
Palmer and Paxton land, 185 acres, for
$35,000. The former purchase is known
as the DeBarr tract.
MAIN STREETS, OREGON CITY.
GARAGE IS MODERN
Oregon City Firm Has -New
Supply Station.
BUILDING JUST FINISHED
Structure of Miller Parker Com
pany Is Located at Ninth and
Main Streets and Is of Ap
' proved Mill Construction.
OREGON CITY, Or.. Sept. 1. (Spe
cial.) With the completion of the
Miller Parker Company's garage, work
on which has been rushed by the Ore
gon Engineering & Construction Com
pany. Oregon City may boast of one of
the most completely equipped and mod
ern automobile supply stations in the
Willamette Valley. The new building
Is situated at the corner of Ninth and
Main streets and is of approved mill
construction.
Entrance to the main floor of the
garage is provided for by two large
driveways, wide enough t-o allow two
machines to pass, and while one of the
entrances is on Main street, the route
of the Pacific Highway through Ore
gon City ,the exit is on Ninth street,
thus eliminating danger from passing
streetcars and motor traffic.
On the main floor of the building the
display room for the five different
makes of automobiles handled by this
company the Overland. Willys-Knight,
Dodge, Oldsmobiie and Cadillac, is lo
cated. Three .ldes of this display
room are of plate glass, two of them
being on Ninth and on Main streets.
Offices on Ground Floor.
There are three ofiices on the ground
floor, in addition to the shoowroom and
salesroom. The . office of the garage
service department, the private office
or the management and the office of
the salesroom are centrally located, ad
jacent to the electric fixture display
darkroom, the only one of its Kind in
the city. This room is located In the
center of the building and has pro
vision for the display of about 50 or
5 electroliers.
The greatest effort of the garage will
be to cater to the tourist trade, says
Ralph Parker. To properly take care
of the scores of tourists who pass
through Oregon City over the Pacific
Highway, shower baths, dressing and
lounglng-rooms. smoking-rooms and
elephone booths are being installed.
A restroom for women has been pro-
ided on the mezzanine floor, with a
padded window seat, Turkish rugs and
arge mirrors, especially planned for
the benefit of tourists.
The shower baths and lockers to be
installed in the basement are also in
tended for the use of athletic teams
visiting the city or playing In city
games.
Repair Shop on Second Floor, .
Another feature of the new garage,
which is an innovation in garage serv
ice here, is the General Electric auto
matic air pump, which will maintain
an air pressure ranging from 150 t
200 pounds, day and night. A battery
of five oil pumps, as well as a gasoline
pump, are arranged in piain view along
the driveway through the garage.
The second floor is given over to the
repair shop, the painting-room and the
storage space. The painting-room is
iion-ieu 'iu ii iu
sides of the room is window space. An
inclined driveway on the outside .f
the building provides an entrance to
the repair shop on the second floor.
This the management believes is much
more satisfactory than an elevator in
side and requires no floor space in the
building.
About eight men are employed in the
garage during the season when the
average amount of travel is on. Besides
the ordinary garage service, the Miller
Parker Company will furnish storage
battery charging service for all kinds
of batteries. To provide for this a mo
tor generator is being installed in the
machine shop on the second floor.
The new garage, which is 80x120
feet, is made with reinforced concrete
walls, with mill construction inside.
LAND NEAR WESTON BOUGHT
Iley Winn Pays $100,00 0 for Large
Mose Taylor Ranch.
Iley Winn has taken another large
tract of land the Mose Taylor place.
northwest of town, which he bought
from Mr. Taylor, for around $100,000.
reports the Weston Leader. This place
is at present being farmed under leas
by Marlon HanselL Mr. Winn is now
the largest holder of land in the Wes
ton district, his possessions comprising
the Taylor place, 600 acres; the Mead
owbrook Farm, 637 acres, and his Iry
creek ranch. 240 acres, a total of 151:;
acres of choice Weston ground. Hu
also owns a section and a half of
lighter land in the Juniper district.
Iley Winn grew up on a farm, and
his success has been due to knowledge
and love of the soil and to his confi
dence In Umatilla County. He is now
47, and began farming
'on his own" at
the age of 21.
Farm Sal Reported.
Mr. and Mrs. J. T. Knappenberg, of
lone, completed negotiations for the
purchase of the Parkers Mill property
from Mrs. A. L. Ayers, reports the
Heppner Herald. This property consists
of around 1000 acres of fine hay and
range land, a considerable amount of
timber, sawmill, etc., and will be made
headquarters for Mr. Knappenburg's
cattle business. The property is a very
desirable one from the stockman's
viewpoint. At the same time Mr. Knap
penburg closed a deal with W. R. Irwin
for the purchase of his residence prop
erty on Chase street.
14 7-Acre Farm Sold at Good Price.
Mayor A. M. Pryor sold his fine 147
acre farm one mile north of Harrlsburg
this week to William Bronson, of Polk
County, the consideration being around
$100 per acre. The place is well im
proved and equipped with all necessary
buildings. Harrlsburg Bulletin.
t
Benson Alumni Picnic.
The Benson Polytechnic Alumni held
its annual picnic at Lake Grove last
Sunday. About 90 members were on
hand and the day was enjoyed by
everyone.. Boating, swimming and the
playing of various games made the
day one long to be remembered.
NATIONAL LIFE INSURANCE CO. OF VT.
Wm. Goldman, General Manager. 209-210 Oregonian Bldg.
LIFE INSURANCE IS FACTOR IN
CULTIVATING HABITS OF THRIFT
Rapid Gain in Number of Policyholders Indicates Tendency of People.'.
Total Premiums Paid Staggering.
BY LIP'E INSURANCE EDITOR.
JvtiJi i. KOCKEr liLLBK, naving
spent $20,000 for a model ice plant,
has decided to cease competing
with local Ice men at his home, Po
cantico Hills, near Tarrytown. N. Y.
It is said that the increased cost of
gasoline hastened the money king's
decision.
When a slight advance in the cost
of gasoline causes a multi-millionaire
to abandon a. refrigerator plant erect
ed at the cost of $20,000. it behooves
the average man to question himself
as to his own particular habits of
thrift.
Statisticians lell us that America is
the wealthiest of nations and at the
same time the least thrirty. There are
two barometers of thrift savings
banks and life insurance companies.
Savlnffs Banks aln.
According to all reports, the savings
banks are fairly well satisfied with the
business they are doing, and the life
insurance companies are doing more
business than ever before in the history
of the country.
Probably life insurance indicates
most accurately just where we, as a
people, stand in the- matter of thrift.
While the assets of the life insurance
companies have assumed a staggering
total, less than ? per cent of the actual
money value of our productive lives
has been covered by life insurance.
while our burnable property is covered
by fire insurance to the extent of ap
proximately SO per cent.
What have the thrifty people of the
United States accomplished during the
RATE IS CRITICIZED
Discrimination Against Side
walk Elevators Charged.
LITTLE WATER IS USED
Regulations Requiring Automatic
Devices to Prevent Speed and
Sudden Stops Urged by Build
ing Owners Association.
PORTLAND, Or., Sept. 1. (To the
Editor.) As. there are 165 sidewalk
elevators in use in the city of Port
land, the owners of the properties may
be interested in knowing a little more
In detail of the difference in point of
view of the Portland Association of
Building Owners and Managers ana
the City Council on this subject. The
latter denied the petition of the Asso
ciation lor a reduction In the minimum
rate charged for water used by these
elevators.
Although the matter was a small one,
involving perhaps not more than $30
a month either to the city or to the
property owners interested, there was
a real nrinciule involved. In disposing
r the netitlon as it did. tne cicy maae
no effort to protect itself against the
damage which it says arises from the
use of sidewalk elevators.
The minimum rate for all metered
water services is 50 cents a month
throughout the city, with one excep
tion. This Is for sidewalk elevators.
the waterpower for which is furnished
from the city system. A minimum of
$3 a month is charged. Approximately
10 per cent or perhaps 20 in all of the
users of sidewalk elevators do not
need $3 worth of water a month and
therefore pay more for the service than
they actually receive in water used.
The discrimination against the users
of sidewalk elevators was ordered sev
eral years ago by the Water Board on
the ground that the sudden stopping of
elevators tended to produce what Is
known as a "water hammer." If sev
eral elevators are stopped suddenly at
the same time, a break in the water
main may follow, it is said. The belief
was that the penalty of $3 a month on
the sidewalk elevators would tend to
a correction of the trouble. The prop
erty owners who use their sidewalk
elevators very little during the month,
do not believe they should be required
to pay $3 for a service which other
people are getting for 60 cents, and en
deavored to bring an end to the dis
crimination. It was clearly pointed out to John M.
Mann, Commissioner of Public Utilities,
that the remedy for the situation was a
requirement for the use of such safe
guards as would prevent the sudden
stopping of elevators with the conse
quent "water hammer." The real pre
ventive lies in not allowing the side
walk elevators to exceed a certain
rate of speed. Speed is not an essential
of sidewalk elevator service. Barety
an capacity are.
If the elevators are equipped wltn
the proper automatic devices, and the
service pipe cut down to Ihi inches,
which is sufficient in practically every
case, the speed will be limited, and
there will be no "water hammer" at
any time. This is the remedy that
should be applied by the city and not
the foolish discrimination in rate.
Onlv 10 per cent of the elevator users
are affected and they are the smallesc
users of elevators in the city. The other
150 owners of elevators, who are prin
cipally responsible for "water hammer"
are not affected in the least, nor are
the city's mains protected in any way.
It is also Interesting to note that of
155 cities in the United States owning
their own water plants, not one, out
side of Portland, sees fit to impose a
similar penalty, nor attempt to pro
vide such a futile safeguard. It Is
further shown that the only economi
cal power for a basement elevotor Is
the water service.
JAMES J. SATER,
Secretary Portland Association Bulld
' lng Owners and Managers.
GRAYS HARBOR LAND VALUED
Total Is Placed at $48,000,000 by
County Assessor.
ABERDEEN. Wash., Sept. 1. (Spe
cial.) Grays Harbor real estate has an
aggregate value of more than $48,000.
000 according to figures compiled by
THE HIGH COST OF LIVING
The rising prices of everything your
familv eats, wears and uses mean that
vour life insurance purchased a few
years ago. or even last year, will buy
less of the necessities than at the date
of purchase. The dollar of last year
means onlv 80c at present prices, thac
" of 1910 only 75c, that of 1904 only 52c.
This demonstrates the need of more
life insurance protection for every fam
ily. .National Life, insurance has not
increased in cost, but through larger
dividends has actually decreased and
gves a bigger dollar's value than ever
before.
past year by means of life Insurance!
The statistics of the life insurance busi
ness transacted during the year li15
show the amount outstanding increased
by $909,000,000 ordinary and $256,000.--000
industrial, so that the total busi
ness now on the books of the compa
nies is $18,337,491,233 ordinary and $4.
388,050.222 industrial, making a grand
total of life Insurance protection to the
extent pt $22,725,541,457.
Assets of CompanirsIncrease.
The assets of the various companies
were increased over the preceding ypa
by the sum of $246,000,000. The total
assets of the various companies now
reaches $5,186,591,533. We also find in
the surplus account, including capital
stock and amounts set aside for future
distribution in the nature of premium
refunds. $661,859,072.
Last year the thrifty people of Amer
ica. paid premiums to the sum of $782.
705.944. These premiums, together with
interest and other receipts, brought the
total income of the companies up to
$1,040,629,940. Policyholders and bene
ficiaries were paid a total of more than
$10,000,000 weekly, or during the year
the companies paid out on maturing
claims $544.14S,776. Forty-five per cent
of this amount was for death claims.
One striking comparison of the statis
tics is to the effect that after these
payments were made and after a'l other
expenses were provided for. the compa
nies saved from the Income accounts
approximately $274,000,000, which will
be used for "strengthening the protec
tion back of their contracts." This in
dicates that policyholders benefited
during the year by some $36,000,000
more than they paid to the companies.
the County Assessor. The total acre
age in the county, outside of cities and
towns, is 819.939 acres, of which 434.573
more than one half is timber lands.
There are in the county 362.452 acres of
unimproved logged-off land and 22,913
acres of improved lands.
The County Assessor's figures place
the average value of the timberland at
$31.57 an acre; ot the unimproved
logged-off lands at $4.75, and of the
improved lands at $39.42 an acre. The
valuations are on a 50 per cent basis.
Eighty Acres Bring $10,000.
David Speelman lias sold SO acres of
alfalfa land near Wingville to John
li. Hoke. The consideration was $10,000.
Baker Democrat.
EIGHT SALES REPORTED
I'HED XV. GERMAN COMPANY HAS
BRISK BI SIM3SS.
Properties Are Being Improved and Dc
uinni! for Aorklngmens Homes
.(rows; Busy Kail Korecast.
The following recent sales were re
ported last week by the Kred W. Ger
man Company:
Lot 4, block 3, Woodlawn, was sold
for Louise Emig to Carl Detering and
a re-sale of the same property made to
Mrs. M. A. Carver. This property was
in a rundown condition, but is being
improved by the new owner.
Lot 5, block 3, Florence Heights, lo
cated at 521 WeDster street, Improved
with a five-room bungalow, was sold
to Charles Spang and Helen Anderson
for Alice West.
Lots 15 and 16, block 1, Tetonka
Park, were sold to Karl Johnston, a
recent arrival. This property is also
being improved by the new owners.
Lot 20, block 6, Vernon Addition, was
bought by C. W. and Hattie Chapman
and resold to Walter and Myrtle
Chandler, the last sale being made as a
result of selling to Paul and Nellia
Olander lot 4, block 4, Lorrlngton Ad
dition, for Mr. and Mrs. Chandler. The
last-named property is improved with
a three-room bungalow, which the net.'
owners are improving.
Lot 36, block 1, Laurelwood Addt
tion, was sold to Oscar Charlst tit
Operine Fievez. This property is lo
cated at Sixty-thircr street Southeast,
and was improved with a rundown five-
room bungalow, which the new owners
are improving.
Lot 4, block 19, City View Park Ad
dition, located at 462 Bldwell avenue.
Sellwood, improved with a small house,
was sold to James A. Baker and Cora
Baker for Mrs. Blanche Hennessy.
An 80-acre ranch, 11 miles southeast
of Eugene, known as the Scholl Ander
son place, was sold to C. W. Emmons,
of Forest Grove.
Lots 8 and 9, block 87. University
Park, was sold to Hermia B. Rouse for
Rose Wright Swafford. This property
was located at 620 Oberlin street and
was improved with a three-room bun
galow. Mr. German reports a stronger de
mand for working men's homes than
at any time during the last four years
and looks forward to a busy F4.ll sea
son. Director) of Prominent
Life Insurance Agencies
Members of Life Underrvriien.'
Association of Oregon
Wm. Goldman. General MaiiaKnr.
NATIONAL LIFE UK VElUluUI.
( trfgottlitn jrilng.
H. t,. Col ton, MMge,
MASSACHUSETTS MUTUAL IFH.
Chamber of Commerce BIO.
K L. Harmon, iliinager,
PENN MUTUAL LIFU.
Northwestern Bank BMc
Horace Mecklem. Manaser,
NEW BNUI.ANU MUTUAL LIKE.
Northwestern Bank Bidg.
feUis-UruHsniayer Co.. (Jeneral Agents,
TKAVELEllS INSURANCE COMPANY
yuj-P.10 Wilcox Bids.
MORTGAGE LOANS ,
Verv flexible contract.
NEW WORLD LIFE INSURANCE CO..
'0' Stevens Bldg.
Aloee & Amesbury. Genera) Agents,
NORTHWESTERN MUTUAL LIFE INS. t-W.
rorlnweaiern rana '!.
Judd Lowrey. Supt..
AMERICAN CENTRAL LIKE INS. CO.,
710 Uekum Bldg.
John Pauer. Superintendent,
THE PRUDENTIAL INSURANCE CO.
01 Northwestern Bank Bldg.
T. 11. McAllis. State Mgr.,
UNION MUTUAL LIFE INS.
Board of Trade Bldg.
CO.,
Edgar W. Smith. Manaiter.
EQUITABLE LIFE ASSURANCE SOCIETY.
300 Oregonian Bids.
State Members
Portland Realty Board
The following real estate men are
the accredited members In their re
spective cities of the Portland
Realty 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.
Bead J. A. Kates.
UoMburi W. A. Bogard.