24
TTTE SUNDAY OREGONIATT, PORTLAND, NOVEMBER 14, 1920
DEVELOPMENT WILL
AID PIONEER TOWN
Oak Point Industries to Be
Revived Shortly.
7000 ACRES TO BLOOM
Johnson-Dodson Company to Im
prove District Along Columbia,
Which Is Rich. Land.
"Development of 7000 acrea of log-ged-off
land at Oalt Point. Wash., by
the Johnson-Dodson company of
Portland will open the way for a re
vival of industrial activities at one
of the oldest settlements in the origi
nal Oregon territory.
Much of the land included in the
tract being developed for agricul
tural purposes was a portion of a
donation claim obtained from the gov
ernment by Alexander Abernethy,
who crossed the plains in 1850. He
was a brother of George Abernethy,
a, pioneer of 1843, who served two
terms as provisional governor of the
territory.
Taking advantage of the water
power afforded by Mill creek known
to early settlers by the Indian name
Nekistekoke ; Alexander Abernethy
erected a. saw mill at Oak Point in
1S51 and made his residence there
until his death in 1S88. A portion
of the old dam across Mill creek is
still standing though the mill itself
long ago fell into decay. ,
Town flourishing: Settlement.
Oak Point was a flourishing settle
ment for several years following the
establishment of the Abernethy mill
and was a stopping place for all boats
plying the Columbia river. Besides
the eale of lumber produced at the
mill, settlers at the point supplied
cordwood to the river boats and car
ried on traffic in vegetables and fresh
meat. ,
Deep water in the Columbia at Oak
Point offers excellent dock facilities
and the place is a regular port of call
for four river boats making dally
trips between Portland and Astoria.
There is a general store back of the
wharf and several residences along
the heights which arise picturesquely
at the mouth of Mill creek. .
The tract purchased by the Johnson-Dodson
company includes three
quarters of a mile of water front on
the Columbia river, the wharf, store
and other buildings and 7215 acres of
land. The tract recently was logged
off by the Hammond Lumber company
and the major portion of it has been
burned over each year since logging
operations ceased, preventing the
growth of heavy underbrush and second-growth
forest trees.
Fruit and Ben-tea- Woild Grow.
The acreage extends back from the
river for about six miles. It is watered
by Mill creek and its tributaries and
is sufficiently rolling to insure good
drainage. The soil is described in a
United States government survey of
the district as Olympic silt loam and
Is adapted to the cultivation of fruit,
berries, vegetables and grain crops.
A logging railroad built by the
Hammond Lumber company affords
access to all parts of the tract. The
rails and ties of the old railway are
being removed and the roadbed will
be used as the foundation of a public
highway. Surveys of the tract in
sure each settler access to the high
way at level grade.
The Johnson-Dodson company has
divided the tract into 40-acre farms.
Many of the parcels already have
been purchased, according to officials
of the company, and many inquiries
are being received from prospective
settlers.
Oak Point is about 60 miles from
Portland and 40 miles from Astoria.
The new Washington state highway
Is surveyed through the Johnson
Dodson tract for two miles.
ARTISAN 1101 UNIT UP
DEDICATION EXERCISES TO BE
' FRIDAY AXD SATURDAY.
Structure at East Seventy-Fourth
and: Division When Completed
! "Will Cost About $100,000.
' The first unit of the Artisan home,
which will ultimately include four
units and cost when completed ap
proximately $100,000, has been erected
at East Seventy-fourth and Division
streets and dedication exercises will
be held by the United Artisans Friday
and Saturday of this week. The unit.
which is to house the lodge and to be
the scene of its various activities.
cost $30,000. It will take care of the
present needs and other units will be
erected as occasion arises, according
to the plan which has -been mapped
out.
In addition to dedication exercises
to be held Friday and Saturday nights
the structure will be open both days
for visitors. The programmes will
include cards, music, dancing and re
freshments. Members of west side
lodges and their friends will have
charge of the exercises Friday and
the east side lodges on Saturday.
The grounds around the building
are being landscaped and improved
and an orchard will be planted at
once.
COLOMBIA TRACTS SOLD
LOWER RIVER HIGHWAY LAND
COMMANDS GOOD PRICE.
Keelan Property Brings $15,000
and Attractive Rees Holdings -Go
at About $100 Acre.
Sale of two pieces of property In
the Columbia river district, below
Linnton, was reported last week by
Floyd li Eddy, head of the farm de
partment of Ritter. Lowe & Co., who
handled both deals. The. sales were
concluded practically concurrent with
the opening of the lower Columbia
river highway, from Portland to As
r torla, last week, and promise an
activity in property in that section.
One of the properties involved fronts
on the highway, while the other lies
a short distance off the highway.
Several other deals which he is han-
rflini, oa nni1lnir In thA k: m . npMnn
Eddy stated.
One of the properties is located just
south of Deer Island station, fronting
on the lower Columbia river highway,
and comprises 53 acres,. of which all
but about two acres is cleared and
under cultivation. The tract was sold
by B. J. Keelan,' who has been a resi
dent there for many years, to Christ
Naegeli of Portland, the consideration
for the property, house and barn be
ing given as approximately $15,000.
The tract contains an attractive
grove of fir trees of about two acres,
which for years has been one of the
beauty spots of the neighborhood and
a favorite camping and outing spot.
On several occasions the grove has
been the scene of outdoor mass by
the Catholics of the neighborhood.
The other tract consists of 40 acres
on the Cornelius pass road, not far
from the lower Columbia highway
near Falkenburg station. The tract
is part of. the original Falkenburg
estate taken up years ago, and was
sold to W. A. Herman of Portland,
who plans to develop the place into a
country home. A large stream run
ning through the place and other na
tive features will undergo improve
ment at the hands of the new owner.
The property was sold by Mr. and
Mrs. B. K. Rees, Mrs. Rees being a
member of the Falkenburg family.
The consideration was given as in the
neighborhood of $100 an acre.
REAIi ESTATE MEN EXPECTED
Portland Delegation Scbeduled to
Be Back Tomorrow.
Members of the Portland delega
tion who have been attending the
meeting of the executive committee of
BEAUTIFUL FUNERAL
It'--..-- , , V , , . , . - ; 3
y ft in -Writ iininVi-Tii mw-nrra!"r" rrrr m mr- vnmrev,';- rrinTii iw'im ftfiiimrmin im n . . p i.n r . r i irtjr"g3HT-if rfmiT himit- -rr-i-imji n-tJ, -Tr tT-iiirnrrrinr -rf ft - v : ;o::-.- 'v.-' ?vJ?
. STRUCTURE TO BE PITT UP AX COST OF" ABOUT fSS.OOO WHEN SITE IS CHOSEN.
Plans are under way for the erection of a beautiful new headquarters for the undertaking firm of.
Edward Holman & Son. The structure is to cost in the neighborhood of $55,000 and is to be a 2-story
building of the residence type. It will be equipped with all modern conveniences for the housing of the
Portland concern, which has been in business here since 1877. A definite site for the location of the struc
ture has not been chosen, although a number of sites are under consideration. The work of construction
will be started as soon as the site is selected.
Seattle, Wash., for the past three
days are expected to return to Port
land tomorrow.
The Portland delegation Included:
F. E. Taylor, Paul O. Cowglll, Mr. and
Mrs. Fred O. Brockman, Mr. and Mrs.
Gilbert Thomson, Mr. and Mrs. C. V.
Johnson, Harry Beckwith, Frank Mc-
Crillis, A. R. Ritter, Fred German,
Paul Murphy, Coe McKenna and J. E.
Shears.
IMPORTANT DEAL CLOSED,
BOXD CONCERN GETS POSSES- f
SIOX OF CHOICE IiOCATIOX.
Many Financial Institutions of
City Interested In lease Tran
- saction on Fifth Street.
Special significance is attached to
a lease deal closed in the financial
district last week by reason of the
fact that so many financial institu
tions were interested directly or in
directly. In acquiring space on the Fifth
street 'side of the Lumbermens build
ing, north of tls entrance lobby,
Freeman, Smith & . Camp company,
bond dealers, secure possession of one
of the choice locations along finan
cial row. The leasehold was pur
chased for. a substantial cash con
sideration, indicating an upward trend
in downtown rentals.
The lease now held by Freeman.
Smith & Camp company was first
made by the owners of the building
to the Lumbermens National bank,
now consolidated with the United
States National bank, which still holds
the parent lease on the major por
tion of the ground floor of the Lum
bermens building.
The corner of the building is occu
pied by the State Bank of Portland,
while the space fronting on Stark
street Is under lease to the Federal
Reserve bank. The Fifth-street quar
ters about to be taken by Freeman,
Smith & Camp company were until
recently occupied by the Lumbermens
Trust company, which a few weeks
ago took possession of the entire
ground floor of - the Artisans' build
ing. Oak street and Broadway, under
a long-time lease.
Last week's transaction was han
dled through Leon H. Bullier and
Chester A. Moores, of the F. E. Tay
lor company.
FIRST UNIT OF ARTISAN
EC
EX
----.-.-.. ....... v v ... ... . ...... w v s-
U la U
STRUCTURE AT EAST SEVENTY -FOURTH AND DIVISION STREETS
AND SATURDAX-
CIVIC
DEVELOPMENT
AIM OF REALTY MEN
Interstate Association Has
Mission in Northwest.
MOVEMENT IS SPREADING
President High, of Organization,
Says Community Work, Influ
ence, to Be Intensified.
Civic development and the up
building and beautifying of various
communities .of the northwest un
doubtedly will prove one of the prin
cipal results of the great increase in
the number of local real estate boards
HOME TO BE ERECTED BY EDWARD HOLMAN & SON
which are being organized, according
to the prediction of Ira E. High of
Boise, Idaho, president of the Inter
state Realty association, who passed
through Portland last week en route
to Seattle to attend the meeting of
the executive committee of the inter
sae associaion.
"It is gratifying to eee the increas
ing number of realty men who are
willing to affiliate themselves with
these organizations, once the benefit
and purposes are explained-to them,"
said Mr. High. "During the last 60
days, under the direction of the mem
bership committee of the interstate
association, local real estate boards
have been establshed at Vancouver
and Colfax, Wash.; Enterprise, Baker,
La Grande and Ontario, Or.; Living
ston and Great Falls, Mont.; Lewis
ton, Idaho Falls, Twin Falls, Buhl and
Blackfoot, Idaho. Ten of these boards
have affiliated with the national as
sociation of real estate boards and a
number of others have signified their
intention to do so.
Community Interest Keen.
"These organizations are bound to
have a big influence in their com
munities, since it Is one of the ideals
of our organization that every real
estate board should take the lead in
such public matters as designing and
beautifying parks and cities, apprais
ing properties, as well as influencing
the revision of laws on taxation with
the principal object of lifting the
burden from the property owner,
thereby encouraging people to 'own
their own home'."
Mr. High said that as a result of
personal visits and correspondence he
was impressed with the enthusiasm
with which the newly organized
boards were tackling problems.-
"In one or two instances at least,
the local real estate boards have tak
en in a number of the leading busi
ness, professional men and property
owners as affiliated members." he
said. "In another instance, 'a' local
real estate board has been instru
mental in the passing of a city ordi
nance requiring that ail real estate
dealers operating in the community
be licensed. These are but a few of
the constructive measures which are
being picked out by local organiza
tions." Ideals of Organization.
have the realty profession enjoy the
same degree of private and public
confidence enjoyed by the members
of other professions. In doing this
he said the organization was incul-
Outlining the aims of the organi
zation of which he is the head, Mr.
High declared:
"We are perfecting our organiza
tion with certain definite objects in
view; First, the elevation of the
HOME WHiCH HAS BEEN COMPLETED AT COST OF $30,000.
lf IWllii
tii
VSW'W'
- - i -ill
fa. " 1 ' ' ' VM' "'
realtor's profession; second, efficient
service to those whom we directly
represent as agents: third, through
organized effort to render more valu
able public service to the great north
west generally and to our various lo
calities particularly."
He said the organisation hoped to
the facts should be given without ex
aggregation of diminution.
Co-operation between the various
communities of the northwest for the
benefit of all, he also declared to be
one of .the aims of the organization.
Northwest Interest Paramount.
Work which the organization is do
ing to render more efficient service
to the northwest generally was out
lined by Mr. High as follows:
-"There are ..7,000,000 acres of arid
lands within ' the states embraced in
our organization. One of the biggest
feasible reclamation projects in the
northwest lies at our door, the Co
lumbia basin project.
"There are 10,000,000 acres of cut
over timber ! lands in the territory
embraced within our organization.
We have a reclamation of arid lands
committee and a reclamation' of cut
over timber, lands committee. These
committees -are doing everything
within human power to get appro
priations from congress sufficient to
reclaim a large portion, if not all of
the 17,000.000 acres of arid and cut
over lands in the northwest.
"We have an advertising commit
tee. This committee is, with energy
and ability, availing itself of every
opportunity to advertise the advan
tages of the northwest.
"We have a legislative committee,
a publicity committee, a membership
committee, a farm lands committee, a
taxation committee and various other
committees composed of the most far
eating the fundamental principle that
sighted men in our profession who
are unselfishly and untiringly giving
their energy and ability to the de
velopment of the northwest."
SPECIALTY FIRM GROWS
LOCAL INVENTIONS MEETING
: "W ITH SUCCESS.
Ideal Propulsion Company Out
grows Its Quarters, After
Three Months Here.
The Ideal Propulsion company, for
merly of Pendleton, is rapidly out
growing Its quarters at 415 Gllsan
street, according to the officers. The
volume of business has greatly In
creased since the concern was moved
here from the Round-Up city three
months ego. The Ideal Auto Specialty
company was organized last week to
handle the output of the Ideal Pro
pulsion company for the Oregon dis
trict, which Includes this state and
Clarke and Skamania counties in
Washington.
While the ultimate object of the
Ideal Propulsion company is the pro
duction of an improved type of com
bined tractor and truck operated by
steam generated. by what is claimed
to be a new and very economical sys
tem, the present output is confined to
several smaller articles of manufac
ture, having to do with the automo
tive field. -
The company now has on the mar
ket a new automobile top dressing
under the trade name of Panto-Nu
also Panto-Nu inside top dye and the
same brand of body polish for all col
ors of automobile bodies.
As soon as . suitable . quarters and
machinery are available this company
will place on . the market a new de
parture in road vehicle spring mount
ing which it has tried out and which
company officials declare will prove
greatly superior to anything of the
kind now in use. The principle of this
spring mounting has been employed
In railway service for many years.
13
33
TO BE DEDICATED FRIDAY
BROKERS IN REALTY
MUST DEAL IN OPEN
Courts Hold Commissions by
Fraud Are Illegal.
TERMS SHOULD BE CLEAR
Rullngs Agree That Unless Princi
pal Knows All Details There Is
No Ground for Recovery.
, Br W. B. SHIVELT.
Chairman Legal Committee, Portland
Realty Board.
Where a real estate broker em
ployed to sell real estate induces his
employer to promise additional com
pensation by representing that he
cannot sell the property for more
than a set price, when In fact he has
already found a purchaser for more
than that price, or, where he in any
way misrepresents the price for which
the property la sold, can he recover
commission for selling the property?
The - courts of other states have
practically agreed upon a negative
answer - to the foregoing question.
Such was the decision of the supreme
court of Iowa in Braden versus Ran
dies. 128 Iowa, 653. 15 N. W. 195.
There, a real estate broker was prom
ised a commission consisting of all
that the property sold for in excess
of $2000. The broker found a pur
chaser at $2100 but reported to the
owner that the buyer would pay not
more than $2000 and that if the deal
were closed he should at least receive
some compensation; whereupon the
owner agreed to pay him $20.
Court Holds There Wan Fraud.
Just prior to the time set for the
closing of the deal the owner of the
property discovered the agent's wrong.
dealing and refused to consummate
the safe, whereupon the broker sued
the owner to recover his commission,
which he claimed-was the difference
between the $2100 offered and the
$2000 net price set by the owner.
Tfce court held that the agent's
misrepresentations concerning the
price offered by the purchaser con
stituted such fraud as prevented any
recovery for services rendered. The
court said: .
"An agent owes his principal the
utmost good faith, and. If he fraudu
lently and falsely misrepresents the
situation for the purpose of increas
ing his compensation and securing a
more advantageous contract for him
self, he cannot recover anything
thereunder."
The supreme court of Arkansas
came to a similar conclusion in Ben
nett versus Thompson, 189 S. AV. 363.
In that case the broker found a pur
chaser for certain property at $750.
He then stated to the owner that he
could sell the property so as to net
the owner $500. but said nothing
about the $750 offer.
Contract Mnat Be Clear.
The owner agreed to accept the $500
and the deal was closed. Shortly
thereafter the owner discovered the
real facts and brought suit to recover
the amount of the broker's profit.
The court said:
"A broker undoubtedly can make a
contract whereby he will be entitled
to the difference between the amount
of the price the seller agrees to ac
cept and the amount the purchaser
agrees to pay, regardless of what the
amount is. But such a contract must
be plainly expressed in order to re
lieve the broker of the duty he owes
to his principal to make full disclos
ure concerning the terms of the ne
gotiations."
Whereupon it was held that in view
of the broker's double dealing he
could not recover the $250 difference
in price nor was he even entitled to
the commission to which he ordinarily
would have been entitled.
In the Colorado case of Collins
versus McClurg, 1 Colorado App. 348.
29 Pac. 299, the facts were that
brokers were employed to sell prop
erty at the best obtainable price.
After a time they informed the owner
that they could sell it for $14,000.
Brokers Forced to Refund.
The owner agreed to this price, out
of which he promised to pay a com
mission of $350. When the deed was
submitted to the owner for his sig
nature it recited a consideration of
$16,000, but the agent explained that
this sum was Inserted at the pur
chaser's request merely for the pur
pose of boosting the property in case
of a resale. Later the owner discov
ered that the agents had received the
futl $16,000 and had retained the extra
$2000 in addition to the $350 commis
sion. In the subsequent suit the court
declared that the brokers were not
qnly not entitled to the $350 commis
sion but that they should return the
$2000 as well.
"The general rule," said the court,
"controlling the relation of -principal
and agent is so plain and well known
that none who occupy that relation
ought to make mistakes or go wrong.
. . . Agents, actual or constructive,
occupy a relation of trust, with pecul
iar opportunities for fraud upon their
principals. ...
Concealment Forfeits Commission.
"The intentional concealment of im
portant and material facts from the
knowledge of his principal by a
broker employed to sell real estate
will deprive him, of his right to com
missions for procuring a buyer. If
an agent make any profits In the case
by any concealed management, either
in buying or selling, or other transac
tions on account of his principal, the
profits will belong exclusively to the
principal. . . . Where an agent is
unfaithful to the trust, and abuses the
confidence reposed In him by his
principal, where he misconducts him
self in the business of his agency, he
may be deprived of both commission
and compensation. . . . It is the
purpose of the courts to see that the
agent, by reason of the confidence re
posed In him by the principal, secures
to himself no advantage from the
contract." -
The supreme court of Kansas in
Jeffries versus Robbins, 66 Kan, 427,
71 Pac 852, passed upon a case where
an owner placed his property for sale
with a broker, at a price of $2000 net.
Broker Loses All Rights.
The broker found a purchaser who
was willing to pay $2800 ut repre
sented to the owner that $2000 was
the best that could be secured and
asked to have a commission on that
price. During the negotiations the
owner discovered the agent's fraud,
entered into direct negotiations with
the purchaser and closed the sale on
the basis of $2600. The broker then
sued the owner to recover the $600
received by the owner in excess of the
$2000 net price. The supreme court
of Kansas, following the rule In other
states: held that the false misrepre
sentations made by the broker to the
owner as to the amount of the offer
received by him disclosed such un
faithfulness to the responsibilties of
his trust as to deprive the agent of all
right to any compensation whatso
ever. The court said:
"The law will not tolerate such con
duct as is exhibited on the part of
Robbins. Under the facts of this case.
ACIFIC
iVESTOCi
Night Horse Show
Beginning Monday night at 8:00 P. M., the
Horse Show will hold sway every evening, and
Special Matinee at 2:00 P. M. Saturday.
New Programme Every Performance
Among the more interesting events making tip
the programme are High Jumping and Hur
dling, the Five-Foot Jump (judged on form),
the Grafton Long Jump, a most spectacular
event; Sporting Tandem Events, and last, but
not least, the famous uniform drills . of the
Portland Hunt Club.
Over 600 Entries
Entries will be exhibited from all over the
West and from many Eastern and Canadian
points. Pasadena, Cal., and. Victoria, B. C, in
particular, are sending a splendid string of
hurdlers, harness and gaited thoroughbreds.
Take Mississippi
Av. (Kenton) Car
or
Drive Out Missis
sippi or Union
and Follow the
Arrow Signs
Night
NntirinnlU Kr,ir InAnoo DAILY BAND CONCERTS
wivitur .savMsa. s g t-O
his fraudulent conduct deprives him
of the right of recovery."
The foregoing decisions will rec
ommend themselves to all fair minded
persons as being most just and proper.
MOSEY TALKS IX OLDEX DAYS
Nothing but Cold Cash Accepted
to Close Realty Deals.
The difference between the opera
tions of a real estate office now and
during the early days of Portland was
outlined by David S. Stearns, retired
real estate dealer, who spoke at the
regular meeting of the realty board
yesterday.
Mr. Stearns said that in the old days
cash was necessary in the purchase
and a man who offered a check was
looked on with suspicion. As a con
sequence, when a sale finally was
agreed upon, the purchaser had to go
to his bank and get the money In
gold and carry it to the office where
the transaction was put through.
Then the seller would have to carry
the money back to the bank.
The equipment of a real estate of
fice in those days, he said, usually
consisted of a discarded kitchen table,
a few chairs and a cuspidor. The
agent, he said, had a horse and buggy
for traveling and taking his prospects
out to see property. -
BUSINESS LEASES ACTIVE
EAST AND WEST SIDE DEADS
CIOSED DURING WEEK.
Demand for Ijocations In Haw
thorne Avenue Is Strong, Accord
ing to Real Estate Company.
A number of downtown and east
side leases were made by the Metz-ger-Parker
company during the last
week and indicated a lively interest
in business and industrial property.
The leases included one to Honstein
Brothers on a store room at 464
Hawthorne avenue, the property of
J C. Ainsworth. The concern plans
to put in an up-to-date plumbing es
tablishment. Pfaff & Calkins took a lease on
store rooms at 472 and 472 Haw
thorne avenue, the property of J. C.
Ainsworth, for their rapidly expand
ing business. This concern has been
occupying the place at 472 Haw
thorne avenue for the last year but
their business has increased to such
an extent that they found it neces
sary to. get larger quarters. The
store room next door formerly was
occupied by Honstein Brothers.
. A lease on premises at 352 North
Twenty-third street was taken by E.
O. Johnson and Walter Lutes from
the owner, H. Taubenhelmer. They
plan to establish a milk and cream
depot for the wholesale and retail
trade.
A retail grocery store Is to be in
stalled by Gunther & Guniher, which
firm took a lease on premises at 711
Hawthorne avenue owned by J. H.
Harrington.
Arthur Stanley took a lease on
premises at 711 Hawthorne avenue
and will establish a garage under the
name of the Murraymead garage. The
owner of this property is J. H. Har
rington. Premises at 473 Washington street,
were leased by A. Kantas from the
Ramapo Hotel company. Mr. Kantas
will establish a restaurant. He was
formerly chef at the Portland hotel.
The Oregonian publishes practi
cally all of the want ads printed in
the other three Portland papers, in
addition to thousands of exclusive
advertisements not printed in any
other local paper.
IN
TERNAT0NAL
(North Portland Amphitheater)
NOVEMBER 13th TO SOtli
Livestock Show
Beginning Saturday morning, November lSth,
the Livestock Exhibition will open daily from
8:00 A. M. to Midnight.
2500 Head of Breeding Stock
Acres of Fat Stock
Over 2500 head of the country's best breeding
stock and acres of pure-bred fat 6tock will be
exhibited in the $400,000 Exposition Amphi
theater. The Pacific International is the last of the
great Western expositions and so receives the
pick of the animals exhibited at the other
shows.
$75,000 in Cash Premiums
Pure-bred Beef and Dairy Cattle, Horses, Hogs,
Sheep and Goats will complete for Cash
Premiums totaling $75,000 and a glittering
array of cups and trophies.
SEATS ON SALE
Meier & Frank Co. Sherman, Clay &
ADMISSION
To Livestock
Exposition..
Horse Show Reserved Seats, $1.00,
50c and 25c
HOUSE SHORTAGE SEEN
XO RECESSION REPORTED IN
DEMAND FOR PROPERTY.
Local Realtor Declares There Will
Be No Easing' of Residence
Market for Time.
Contrary to the expectations of
many Portland realty dealers and pre
dictions of over-careful capitalists,
there has been no recession in the
demand for residence property in the
city during the autumn months. In
stead of a falling off In sales the
market has strengthened to a con
siderable extent and close observers
of industrial and real estate condi
tions look for an absolute dearth of
dwelling houses before spring.
For the first twelve days of No
vember the 1'rank L. McGuire agency
handled 42 sales of residence prop
erty with an aggregate value of $162,
325, an average of $3864 compared
with an average of approximately
$1800 for the sales negotiated during
the corresponding period In 1918.
"It must be presumed, however."
said McGuire. "that the cost of res
idence property has doubled arbitrar
ily or without an increase in the val
ue of the property for dwelling pur
poses. It is true that the cost of
labor and materials has advanced
from 80 to 100 per cent during the
past two years and that there is a
tendency to estimate the price of a
house on the cost of Its replacement,
but it is also true that people de
mand better living conditions than
they did two years ago. In nearly
every instance where an old house
is placed on the market. It is re
paired and painted and the walls tint
NO USE CRYING
OVER SPILT MILK
The money is gone that you've lost
in the past, paying for repairs on
worn-out or antiquated plumbing
fixtures or, perhaps, paying doctor's
bills due to the same cause.
You can begin now, however, to
end such drains on your resources.
Modern, sanitary plumbing fixtures
will save you money and safeguard
the health of your family. They-are
attractive in appearance, easy to
clean and keep clean, and will end the
need for constant and repeated re
pairs. How about that house of
yours?
ALASKA PLUMBING &
HEATING CO.
413 E. Morrison St.
Eant 2054
Make the Old
PERFECTION Plaster Wall Board
The Original Plaster Wall Board for
Walls and Ceilings
Fire retardent; strong; easy to apply. Can be painted,
tinted or papered.
PLAIN OR PANTXED WALLS
Timms, Cress & Company
Sole Distributors. 184 Second Stitet,
f
Co.
Excellent
Restaurant
on the
Grounds
rA
73c,
By Campbell's American Band
ed In advance of the listing, thus
adding materially to its value."
There will be no easing of the
residence market, according to Mc
Guire, until a thousand or more'
houses are added to the available
supply of the city and even then the
recession In price will be slight be
cause of the rapidly increasing pop
ulation and accompanying enhance
ment of all property values.
Since the first of the year McGuire
has sold 1142 houses valued at $4,026,
S82, enough to house a city of over
5500 people. The biggest month, of
the year was September when the
total number of sales was 138 with
an aggregate value of $495,755. No
vember bids fair to surpass last
month's record of 118 transfers of
residence property valued at $394,
432. ,
Portland Man Buys Yakima Ranch
PROSSER, Wash., Nov. 13. (Spx
cial.) Tom N. Fcnolio of Portland.
Or., formerly of Fort Smith, Ark.,
has bought the highly 'mproved 20
acre irrigated tract from the Central
Yakima Ranches company, formerly
owned by Frank Jackson. Mr. and
Mrs. Fenolio have already taken pos
session. More Bungalows Are Planned.
J. W. McFadden, who has erected a
number of bungalows in Rose City
Park, has purchased a number of lots
in that territory and has announced
that he will begin work again. Mr.
McFadden Is one- of several builders
who is looking forward to a building
programme during the coming
months.
Hall Gas Floor Heater
No Fumes No Dirt
Clean Healthful
Furnace Heat
INTRODUCTORY PRICE
S65
Hall Gas Furnace Co.
167 PARK ST.
Just South of Morrison. Main 7053
Room New With