A RESUME
Rcaf Estate Section
THE WEEK'S BARGAINS IN REAL, ESTATE
Real Estate Section
PORTLAND REAL ESTATE
WAS NEVER LOWER
IN PRICE NOW IS THE TIME
TO BUY IT.
PORTLAND
AND OREGON ARE ON THE
EVE OF A GREAT
EAL ESTATE BOOM
I V
PORTLAND, OREGON, SATURDAY -EVENING, FEBRUARY 20, 1901.
OF
St. Johns-Its Marvelous Past Its Great Future
ST. JOHNS Ir a striking example of
the influence of transportation
facilities in the development of a
. : . town..- Two years ago the place
had hot yet emerged from '4he sleep
which had possessed the ..village, since
the' city of Portland was first founded.
Two years. ago there was to be found
in the place only a few scattered houses,
with no "manufactures or business in
terests.. no employment was to be had in
the place, and a home had not been
built for 10 years preceding.
The little village occupied a desirable
point on the Willamette river at the very
gateway to the Portland harbor, Along
the water front was a two-mile stretch
a-up i i: ' iikttK X" :v- a"' -. .Jiffy I
of splendid . manufacturing sites, totally
undeveloped, fronting on a harbor a half
mile wide in which the. river channel
was 40 feet deep and possessing .excep
tional; advantages for the construction
of mills, factories and docks at a low
cost, affording the finest opportunities
for river and ocean commerce but lack
ing rail facilities, the one key necessary
4o unlock the great wealth of commercial
possibilities which centered at St Johns.
O. . V. Takes Xd.
The opportunities which the place af
forded for the extension of commerce
and manufacture was recognised by the
Oregon Railroad & Navigation company.
In the winter of 1902 the O. . R. & N. Co.
built its railroad along the harbor at
t Johns, completing the road .JoApril
ef that year, and opening the place to- a
great commercial future,
t At tmcerlmsiiresriifginr "ttrtterctuft- and
.manufacturers were quirk, to see the ad
vantage -which the place possessed. It
as found that ' plants could be con
structed at St Johns fronting, on deep
water with the use of minimum quan
tity of piling. It was found that in the
b'llldlng of plants and in the construc
tion of yards for milling Industries from
(1,000 to $10,000 per acre could be saved
st St. Johns In, the the Item of piling
alone. The first plant to be constructed
sfter the completion of the railroad was
the veneer and basket factory of the
Portland Manufacturing- company, ., and
since Its construction there ' has never
beea-a period of three consecutive months
in which some new industry has not en
tered the place. So that now, although
less than two years have elapsed, the
town possesses, beside the veneer and
basket factory, three saw mills, an ex-
' fHERE has never been a time In
I the history of this city thathe -1
outlook for a profitable-season
. in the realty market was so
bright as It Is at the present time.,-
Every day there is an increase In the
number of inquiries for property .from
easterners and this class "of . people
promise to be among the larger buyers
' of reel estate In this locality, during the
, earning year. .; ' r . ;
There is" not a single section of the
. city or the stste of Oregon that has not
shown a wonderful Improvement In real
' estate .vslues during the past ; year.
Every where property Is being more,
eagerly sought after and the prices paid
sre considered quite satisfactory by the
sellers. - . '
i Every kind cf property, city property,,
suburban property, farm property and
business locations, is showing an up
ward tendency in values. On the main
the advance In prices will average about
10 per cent, although , In some cases
property bought a year, ago m tills city
, has sold for double the amount paid.
The principal movement In the realty
market during the year has been in
homes, places which were not too far
distant from the car lines , and that
, could be purchased at a ptce that was
within the means of the average wage-
earner. - The extending of the city's
streetcar lines to sections that were re
mote from the business section of the
city a few years ago has caused an' In
creased demand for property.
There is one noticeable thing In the
realty marketthat the city Is showing
a decided growth, toward the northward.
This seems to be the history of every
city which Is located on the rivers. The
towns are first built as far inland as
navigation can proceed iand' then by
easy stages it reaches down the stream.
This is true of Portland in every par-
. tioular. The first selections In this city
- were to southern Portland., while now
- that portion still retains its distinction
as being the southern boundary.'. Now
Portland bas spread until It reaches
nearly as far north as the Columbia
river and ns far east as Mt Tabor.
There Is at the .present tlm st great
deal of agitation toward taking that
-suburb and- possibly Montavllla Into the
city's limits. . ;. r
There has been a great deal of talk
among people about watting until after
the Lewis and Clark fair ia over before
mtiklng purchases of real estate because,
they say. prices are Inflated and they
will surely go down, with a dull thud
after the fair's gates sre shut This
does not seem -to be the case, for the
; proposed holding of the fair In this city
has not. as yet made , any decided
change in. the call for real estate and
even property close to the fair grounds
lies' not shown great increase in. values.
If the present demand a or property, was
r T7 , , :, .. , . : - e . . , . , - ,.,-.,-.,,,,,,,, i
. & Real Estate1 Dealings (pleasure Portland's Growth - :
celsior mill, the Column Manufacturing
works and the great dry dock of the
port of Portland, now under construction,
which, when completed, will cost not less
than 1450,000, while a " ship-building com
pany has purchased a site and will be
gin the 'construction of Its plant at once.
The growth, of the business1 Interests of
the place has been nothing short of,
miraculous, and the supreme advantages
which the place possesses over and above
all other on the Portland harbor were
'fully attested by the port of Portland,
when after the most careful consideration
Of air locations for the construction of Its
dry dock, by which is to be fostered the
entire marine commerce of the 'city of
Portland, St Johns was selected as the.
best point at which to build. This tn
itself is a prophecy concerning the com
mercial future of the town; for where
the . dry dock is placed, there shipping
must congregate. '
- Targe Increase ia Population.
Simultaneous with the development of
the town in the business way came
greater impetus for the' building of
homes, development and Improvement
ofland and the Increase of the popula-
tion of the town. During the. past two
years "the town has more than quad-
rupled in population' ana more than 200
acres or iana rormeriy coverea wun .
brush have, been cleared and are now
occupied : by gardens, lawns and homen.
An electric Sine has been built connecting
this -suburb with Portland proper, and
another line from Portland, having Us
designation at' at-gobnsr ra wowwmg -pushed
rapidly to completion. The school
building which had been trught to be
sufficient to accommodate the needs of
the place for many years to come has -already
"become Inadequate for the in-. ,
creased population and an extension has
been ordered by the school board.
. A City By Itself.
The rapid growth of the place in all
lines was so evident that the legislature
of the state of Oregon, at Ha last ses
sion, granted to the town a .charter,
making It a municipality under which
It might conduct its own government
and levy Its own taxes. Through this
measure the town has become exempt
from paying the tax rate of the city of .
Portland and is permitted to keep Its
own taxes low and to appropriate such
money as is raised by this means to
the improvement of St Johns Itself.
all brought about by the holding of the
Lewis and Clark centennial In 'this city
during the coming year, real estate men
say that that property which is located
so near to the grounds would be show
ing a much larger gain In values than it
-is now.
From the real estate' records the In
' formation - Is gleaned that . much the
larger per cent. of the sales of property
UlJoih!Htf!n.?L! Lh,1"
oeen made either ior residence or ware-
bouse purposes. Many new and costly
residences have been-constructed near
the fair grounds during the past season
that -kind of" property now. ThewsW
dences which were erected were among
the best in the .county and cost, on an
average of not less than 312,000.
The Inquiry for warehouse property
MtolftorVvlXteto
havw ns hsnltht
5f!2 "SfL-1:? 2r ?uf2!??iS
view. There seems to be a general
feeling among the warehouse men to go-
to the west side of the river where they
can get the proper terminal : facilities,
put up substantial buildings and not
pay. more than their entire year's profit
for Insuring their stocks. Several com-
panies .now located along the bottom
lands of tbe east side between the Mor
rison and Madison ' street bridges hav
already, secured sites In the northern
portion of the west side.
' Taking -everything into consideration
the unfavorable weather, the strikes
among , the building trades : and the
strikes of . other trades, all of which
usually bas a bad effect on realty trans-
actions, the totals of the sales for the
year 190 were highly satisfactory to
tbe various dealers of the city. The
transactions for the various months Of
190S show: , .. a , .
January . ...
615.924
581,970
2M-?M
743.278
576,571
667.H
691,338
391,133
10,613
6x1,479
671,012
461,6r
February ...
March
... 4,.,
April
May
.
June ......
July .......
August . . .
September
October
November ,
December .
,'i "
Total- for year...., .$,914.2(9
In this connection it may be well to
compare the building operations. of Port-
Innd ,Ior the year 1903 with those of 8t
Paul. Minn., a city which the government
census in 1900 gave 13,085 as its popula-
t Ion. while that of Portland was given
at 90,426. Since that time this city has
shown a very : wonderful growth and
probably the same thing can be said of
fit. Taul. , The permtts tsitued In Portland
each month during 1903 were: i, : -
January .,.. I ?,
" - , 2Ai'4 I. " r , - . , ,
VENEER AND BASKET
The residence -portion i of St. Johns From the land occupied by the resf-
jje 150 feet sbove the Willamette 'river dence district the outlook is beautiful,
and from this nor t Ion of tha town the'To the rlht stretches the Willamette
land slopes gently, away to the Wllbun-
ette on one side and to the Columbia
slough 'on' the others 'it has therefore
a. perfect drainage . system
r
r
. r t
Sr1
.J '
ST. JOHNS LUMBER COM PAN 7. .
, ;: y ' .- " .
' . Never In the history of Portland has there been such a favorable outlook for real estate as there is 4
today. The population of the city is showing a very large Increase- and homes are becoming more scarce as
the season progresses. There Is scarcely a vacant, office room to be found in any of the modern buildings,
and the demand from this source Is very large.. New and larger buildings are wanted to meet the require-
mentB of a growing population, and a consequent growing: business Interest , Rents in Portland are far below
4 what they are in other cities of this size, and all indications at 'present point to almost a double advance.
Business locations are being: sought after and 'high fig urea are offered as bonuses. Warehouse men are look-
. , , . , , . . , , . - . . . .
f?r Property, and buy of quarter blocks for this purpose have been very frequent during the past year.
A comparison' of the building: permits and, real estate transfers of Portland and those of St. Paul show that
. this city Is far in ther lead, despite the fact that the population, of the latter city Is much larger. Portland,
;h?fever, Is growing, and some day in the near future hopes to distance Its Middle West friend. Building of
many new branches by the streetcar companies has a good effect by building up the suburbs.
' .
' ' 4
. w.w. W'W 7 ?:ww7 wwwww,w .
fr Marshall-Wells Hardware company of corner Park' and Washington streets,
VaFC.h m-on Pluth. six-story building, corner Fourth. W00. This property was purchased
April - - at.et Fifth .and Pins , streets, 190.000. : This few months ago for I35.0OO.
jjay -
June 7.".'.";'.
July
August
September '.,
280,210
.. '208,292
.... . 3T3.M7
.... 898,800
467,338
nrtnber
357,223
November .
170,430
December
.199,579
Total for the year $4,014,779
The permits Issued for new buildings In
St.' Paul' during the same period were:
t."
February ''
March
April "".!.'
May "v"
juna ""
juiy """
August "
September "
October ...
; $ 5S,s0
91,865
Z10.467
685,084
364,724
429.750
342,940
317,945
345,545
472.720
November - 207,160
December "119,215
' ''.' i
Total for the year ...... ..i.;.. $3,643,775
These figures show that during 1903 the
building operations in this city amounted
to $4,014,779. while those of St. " Paul
amounted to $3,45.T73. a gain of $309,004
In favor of the year's operations' In-this
city - - - -- : - t
Among the larger building permits is-
sued during 1903 were: . ,
'United States government for repairs
to the postofflce building, comers Fifth,
Sixth. Morrison and 'Tamhlll streets,
$150,000. v . - . , ..'
, Henry Welnhard. seven-story brick
building, corners Fifth, Fourth and Oak
streets, $500,000. 7 '
8. A. and "E. C Brown, five-story brick
building, with Steel frame. Sixth street,
between Alder, arid Washington atrett.
$30,000. This store building wlj,l be used
by Olds. Wortman ft King ss en annex to
. - belr department store. i
j Fldelltjr Investment company, for th
FACTORY OF THE PORTLAND MANUFACTURING COMPANY.
and on the. left lies the main portion of
Portland, while below the town is the
broad harbor. .The tftwn possesses an
excellent water system, churches,
4 ' tfyfa?-'
5l 's ,
building la now nearlng completion. It
will , be one of the handsomest . ware-
houses for a hardware firm west of the
Rocky mountain'.
Pacific Coast Biscuit comiunv. ' five-
story annex to its former factory, 'on.
northeast corner Twelfth and Davis
streets, $30,000. . ,
M. Lawrence; three-story brick building,
corner of Tenth . and Morrison . streets,
$20,000. -
. L. B. Stearns, four-story brick, north-
east corner of Sixth and Morrison streets,
$75,000.
American Can company, factory build-
Ing corner Twelfth' and Front streets,
$44,000. The company is a manufacturer
of tin cans on a large scale.
L. Therkleson, three-story brick build-
ing, southwest .corner Park and Alder
streets. $20,000.
' Repairs , to Dekum building, corner
Third and "Washington streets. $75,000.
This building was badly damaged by
fise early In the year.
RusselJ . Blyth, three-storf brick.
building, corner Sixth and Oak streets,
$65,000.
8. M. Cohn, three-story brlclt building
. southwest corner cf Tenth and Washing-
ton streets, $:).000. . ,;
- J. 8. Cook, three-story brick building,
corner First and Oek streets, $35,000.
D. O'Reilly A Co., four-story brick
building,-Ninth and Irving streets, $80, -
000. .
Portland Gas 'company, gas, tank to
supply east side, corner Third and Bast
Ankeny streets, $20,000.
United Carriage company, three-story
trick stable, corner Eleventh and Mor-
rlson street. . SZ5.W. .
Edward tloiman. two-story undertaking
parlor. Third and Salmon streets, $1-
ooo. r ,
, Among some of the prominent buildings
to be erected during the present year are:
Blailer Bros.t' Xour-itory brick bulldingy
if
,1:
stores and a school which is partially
supported by the bequest of James
Johns, the founder of the town, who
left his entire estate for the benefit of
the . school . fund. Betweoa St. Johns
and Portland a boulevard 100 feet wide
follows the line of the bank of the
river, affording one of the finest drives
in the city. On account, of the magnifi
cent scenery to be viewed from this
boulevard U promises some day to be
one of the -greatest- residence" streets of
Portland. .. ., .. -, ,' .,.,.!
. It IS confidently.' expected that in the
course of time the Northern Pacific rail
road will pans through St. Johns. Al
ready this line has been built lrom Se
attle to Vancouver. Congress bas au
thorised the construction of e. hrldge
from Vancouver across the Columbia,
and whin this bridge is built and the
line of the Northern Pacific company
thrown across it. It must of necessity
pass through St. Johns tn order to reach
Portland. When this has been accom
plished St. Johns, will have shipping fa
cilities which cannot be equaled, in any
part of Portland, and It is safe to pre
dict that manufacturing ' property, will
become more valuable at (it Johns than
at any other point on the Portland harbor,-
excepting within the . Immediate
terminal yards. ......
Growth Brought By Business.
' The growth of, St. Johns baa been pro-
The Congregation Ahaval Shelom will
soon start work on Its new temple of
.worship on Park and Clay streets. The
permit for the structure has not yet been
issued but the estimated coat la about
.XX-
The Men's Resort will bnll.l hanitunm
home at the corner of Fourth ami Burn-
side on a lot donated by the Ladd estate
at the cost of $10,000. The excavation
work will soon be begun.
- Some of the largest transactions made
in the realty market during the past
several months are:
Property of , Congregation Ahaval
Sholom, Sixth street between Pine and
Oak street, to Grlndstaff ft Blain, $17,501).
The same property was sold this week
for $20,000 and within 20 minutes after
the sale the firm was offered $2,000 ad-
dlttonal for the property by another
buver.
Edward B. Graves, receiver to Ira M.
, Cobe, several parcels of suburban real
estate. $37,000. -
Ancient -Order United Workmen tem-
pie. corner Second and Taylor streets.
to German Savings A Loan society. $40,-
000. The same orterrffnsf erred to the
same society 75x100 feet, block 23, city,
for $7,00Q. ,
J. W. Caruthera" and wife to A. J.
Gelsy, lot 17. block 35, Raleigh addition,
$30,000. ;
' .- Alliance Assurance companv to Ernest
Miller, west ,70 feet, aorth half lot 6,
block 1. city, $12,000. t
,v Saving tt Loan society to 3. H..Mc-
Clung, lot 1, block 50, Couch addition,
" $22,500. . .
. William M. Ayer and ethers to Thom-
ss Scott Brooke, north half lot f block
3.teliv.' $26 00Qi' v 1
. The Title Guarantee A Trust-company
to Msry I Rice, lots to IV block 16.
lots a to 8. block 15, Holladay Tark ad-
flltlon, $12,B0. ' i . .
tiermaa Bavlni & Losa society ta
duced by Its business Interests. Its
population has increased In wonderful
proportion,, and yet this development has
been brought about by utilising only a
few thousand feet of this water front
age, more than a mile .nd one-half of
which la yet unoccupied. "As this re-
-malnlng water frontage Is gradually
utilized the town cannot fall to grow
continually in population and wealth
until it becomes a large city. Indeed,
the river frontage at 8t. Johns will fur-
nlsh room for enterprises sufficient to
furnish employment to tire Inhabitants
of a town of 40,000 Inhabitants; but, the
Willamette' river frontnge is not' ' the.
only .resource which St Johns possesses.
si ;? v! Hi 'At j: if ?: as';;: 5 u-xu Kisdk : .v&C? ' :'';;' f:i-'fi i v ;i is;. j; ,i ';. ;''; ft h . V V-.
';?'!:!f;:?::;Sl:W
1 I;-''?;;?'::;-:i,;:;;;W& it .,,:..,rAi;::j;.; 4,; '
i S$l''s':'''':''-:"'S'!''''1?''tVi;UiJ'' ' -:. '
C I .S.UJw."''''- S:w''53-sv';;s-
rT-, .....
' f -; :';Ci'C.' .. '
' f;;ij.:i: ;;. r i . it-il'l-,' ....
:..:.;... . i.'C, ;.:. .::;.: .. .; .1. ... v.-'' .
;.., -. .. ...
;: i .f . ; . ';'; v.V-s .'v. -. .. " ..
' - '
and which will ultimately add to Its
growth.
Mors Water Front
Almost parallel with the Willamette
river, one and one-half miles to the
north, stretches the Columbia slough, in
reality a river by itself, being several
hundred feet ln'width and deep enough
at present time for river vessels. It is
today more desirable In many ways for
manufacturing purposes than in that
portion of the Willamette' river which is
above the bridges in Portland. . Al
though the Columbia slough lacks the
broad harbor and the deep channel
found On the Willamette river aide of
St. Johns, it nevertheless affords to the
northern boundary line of the suburb a
great amount of very desirable manu
facturing property,, which in Itself wilt
some time support a large population
'and contribute materially-to the future
of 8t Johns.
St. Johns is destined to become the
manufacturing suburb of Portland.
Every boat which enters the Portland
harbor must pass by its door. Already
the Upper part of the Portland harbor
is overtaxed, and ships unable to, find
anchorage there, can find no other safe
or desirable place than St. Johns. In
deed, future milling and manufacturing
enterprises must locate at St Johns, for
at no other point on the Portland har
bor can be found suitable place for
building, at moderate cost where facili
ties for 'both marine and railway ship
ment can be obtained.
bomber Hills Smploy Xondxeds.
One of the principal business interests
In St Johns at the present time is
large lumber manufacturing plants.
Here every day many hundreds of. men
Oregon Water Power Railway com
pany, northeast corner First and Alder
streets, $40,000. v
E. R. Plttelhau to Rudolph Becker,
lot 8, block 207, city. $10,000. i
John Smith and others to E. Henry
Wemme, lots 2, 1, 4, block 72, city, $36,-
ooo. ' : '
E. Henry Wemme, same property, to
H. L. Plttock and others, $40,000.
Samuel A. Miles to Samuel Swanson,''
a parcel of land In Pleasant View addi
tion. $12,000.
Eastern V Western Lumber company
to Portland General Electric company.'
fraction block 31 and north 40 feet block
37, Sherlock's addition, together with ri
parian water and wharf rights, $16,000.
J. Frank Watson to Western American
company, lots 1 and 2, block 85, city,
$20,000.
Clara A. Fechhelmer and others , to
E. 8. Jackson, parts lots 1 and 2, block!
85. city, $20,000. ,
In the suburbs the growth of realty
sales have been remarkable durlnrg the
past year. Of the various sections the
new city of St. Johns fs perhaps in the
lead. During the year several new en
terprises employing a. large number of
men were . secured for this place and
this caused a considerable demand for
homes for workmen. There Is a proba
bility of the early building of a new
electric car line Into that section and
this will probably boom i real estate
values. ' , ,,
There Is a proposition on foot to en
large the Columbia university at Uni
versity Park and this la causing a stir
in realty circles through that neighbor
hood. , , jt '
Out in the extreme southern portion
of the city the Oregon Water Power ft
Railway company has, during the past
year, bought a considerable portion of
City View Park and this has been placed
on the market Quite a large number
of sales have been made and where once
stood nothing but tmpty ground large
number of modern dwellings are now
clustered. There s eome, talk of the
railway company putting Its new car
shops on this tract. '
Throughout Sunnyside the sales have
been many and today that section Is one
of the heaviest populated of any of the
east side tracts. The Improving of the
car service by both the City Suburban
company and the Oregon Water Tower
A Railway company has done much for
this section of the city , , ,
All through the , Peninsular, through
Upper Alnlna and the Williams avenue
tracts the sales during -the year-have
broken all records. Improved car serv
ice is also the ne In this section.
-A pew town has bcrn put' on ''the map
by tho Oregon 'Water tw'er k Railway
company, called Otacada... The company
Is building a hu r-o modern hotel there.
are employed and for the most part
they reside within the corporate llnjlts .
of the new city. Cone Bros., wh
formerly owned the; Portsmouth mill,
have recentlycompleted a large, plant
at St. Johns which cost over f 30,000.
Several more lumber firms are contemV
plating the erection of mills In St.
Johns during the coming' year.
" - Will Improve tjha Streets. :
The 8t. Johns city cbuncll is composed;
of the most prominent men in the city
and of late this body bas vacated streets
along the waterfront so that the manu
facturing interests of the new city,
should not be interfered with any mors;
than possible. '
The council has recently come to then
conclusion that St. Johns is to be on(
of the large cities on the map of Orei
gon and general Improvements all over
the town are planned. Streets will b
Improved and put Into shape for large)
and heavy traffio and new thoroughfares
will be opened up., . . ' .
During the vast year the business In
terests of the town have been more than
doubled and now the stores there com
pare with any similar town in the state.
One large department store has already
been opened in St Johns and is said to
be doing a good volume of business."-
The Industries of St Johns at the
present time are: ' Peninsula Lumber
company," Central ' ' Lumber company,
George W. Cop Lumber company, St.
Johns Lumber company. : Porch and
Column company, Portland Manufactur
ing company. . Veneering . factory and
Excelsior MUla, besides the dry dock. -
Real estate operations in the vicinity
of St Johns have been very active dur
ing the past - two years and section
where dense forests stood several years
ago are now cleared, have good houses
and wide streets. Oak Park, across thai
railroad track from Cedar Park, Is per
haps one of the best, examples. Here
the forests were so thick that, it was
all a person could do to travel through
them. Now Oak Park in studded with
the homes of the men who work In the
mills. Most of the bpraes have pretty
.gardens connected with them and tha
transformation from a gloomy forest
to a place where many homes abound
Is a sight that causes wonderment to
the old-timers fit that section.
The, power plant of the company Is alsij
located near the new 'town., ? -
Real estate men in this city consider
the improving of the streetcar service
the real cause for the Vapid develop
ment of east side property in sll sec
tions ana tney say tnat tne present year
will show the sales larger than ever.
There waa renewed aeK'l t ih.
real estate market during the past week,
the transactions for the first four days
showing a grand total of $230,698 as
against $111,358, a gain this week oC
$109,340. . r,
The building operations during ths
first four days, of the week amounted
to $46,114, as against $45,700 the same
period during the previous week. This
shows a gain of $414 in this week's op
erations. , The transactions In sum
mary: ....,",, ;..., -v.-.--"
Permits. Trartsfers.
Monday ....... ..$ 8,076 $131,394
Tuesday 18,139 62.87T
Wednesday 7.400 ' 27.400)
Thursday ........ 14,600 1 9.027
Total four days. $46,114
Last week, four
days ......... .45,700
$220,691
111.358
Gain this week... .$414 - $109,340
. "Portland can no longer be called a
town." says a prominent real estate man.
"as it is a large city. Prices here are
lower on the average than in any other
city of its size. Take, for example,
our sister city of Seattle. There yo
will find real estate and rents almost
double what they are here, and are still
raising.; .- , :
"Too late the general public will real
ize this fact and then there will be the
usual res ult-a rush to buy and a con
sequent raise In price. situation
is not understood and the public tn gen
eral will hold off as usual until th
sre .forced! ,td pay for: their waiting.
Prices will rise, and rise rapidly. But
why should they not do so? There sre
thousands of opportunities here for In
vestment, where from to: I percent
k even more can be realised pet tin
investments where our eastern bruthron
are satisfied with J or perhaps i Vt
cent net r
""The I. wla and Clark approprlnti'-ti,
which: will be given us by congress In a
few days, will also have a tiiden'sr t',
stir the market up and advance pn--.
There Is a feeling among the gem-i.tl
puhllc that after tlie fair 1 over .i i.
will fall and that It would hn l,-n..;- t ,
wait until the-A to liuy. l.hU H S .
greatest of all mlstakei". If i li i t r
the geheral bustneea: Is !: 1 r
floattiig; P"puiatt"ii and my ',-: !
apparen.tly.ff.il: a while afu-r- it , i. ..
It will not rliy !
Imslnem Uut ) l. i-;.; K U i ; ' ' .
ftan-1.: