The Oregon daily journal., March 31, 1907, SECTION TWO, Page 21, Image 21

11
TRANSFERS FOR MARCH
FILLS INCREASE
VALUE OF LAUD
East Stark Owners Hopeful
That Mount Hood Railway
Will Use That Street. K
IMMENSE RLL -sr'
SOUTH OF IWriDDKinM
. '' we wewiVgVIWWiej
THE OKEGOII SUNDAY JOURNAL,' PORTLAND, SUNDAY MORNING, MARCH 81. 1S07.
IULTNOIAH RECORDS
if-
f
WfCINK;CSfc ZS . - ' , II r -
. mtiicvrn IlNlliPvj tX V-T E.W; HO:, cilSvC V$rUJ t . . 1 I I das
I IM J" "' TJ S S7 - - - .41 r- V f Tt rm- ' Lr T JT .--"' M I Sis a . . . r 1 fV IV e - I SBSSSSSSSSnsrnrSseBSSSSSSSSSl : I
10 WEATHER 7 k: Mh -& ' ' K - , a
Prospective Purchasers Delay
v Closing Deals Until They
. N Can Look Farther.
TRANSFERS SHOW THE
- , -T EFFECT OF RAIN
Itesldence Lota of AU Kinds, How
V" erer, Are Very Lively and There
la Nothing SpeenlatlTe In the. De
BMtad for Them, Either. .
- ' A naraber of cmm, chief emong
which irsi th unfTorabl wthr con
.ltlon, contributed towaraiir ilackentn
In the demand for real estate durln
the put week. While there wee by no
' means e dr-t1n market, yet the vol
ume of ealee t wee considerably under
that for the eTerage of the four (.re
cedln week. " -
The reel estate agents ell unite In
saying- that the cold, disagreeable rains
-St he- to ' some, extent-Interfered wl th
"' their business. ' Many Intending piir
chasers positively refused to spend -'',
era! disagreeable hours traveling around
'. over the city looking for desirable buys,
while m nnr line transfers have
: kun made, medlura-elsed and small1
transactions , were numerous, end the
'. total for the week, upon the whole, la
not disappointing, when one considers
i that the market la s strong now as at
any time to the history of the city.
Oood, Heeathy CondlUon.
-t One of the best Informed end heaviest
dealers In Portland realty remarked this
-1 morning. In summing up the local real
estate market) "My opinion is that the
' Portland realty- market la In e healthier
condition than that of any city on the
i- Pacific ooast. I don't know of a piece
v ef property in Portland, which if It
were properly Improved, that would not
" yield e legitimate return en the Invest
ment, that Is, I or per cent en busl-
" ness sites, and T or I per cent on resi
dence property.- In many sections double
these rates may be had. This, of course.
Is the only true test of values. And
when applied to Los Angeles or Seattle,
U won't work; hence we see many eap-
: Itallsts from those cities In our midst
esgerly taking advantage of the good
things that we have to offer.' .
It Is evident that ths heavy movement
. In residence lota that set In several
weeks ago will be maintained for some
' time to come. That this Is not e specu
lative movement Is mpl proved by ths
Isrge number of resldencetoutlrttng per
mits Issued dally by the building ln-
' spector and the over-run condition of
the architects' offices with this class of
work. Ths hundred of lots that have
been ebld In the, additions that have
been placed on the market recently were
' purchased by Intending home builders.
Already preparations are under way for
the erection of a score of dwellings at
, Rose City park, end the same thing Is
true rn a less degree, at M. I Hoi
brook's addition, at East Pt. Johns, and
at Weverlelgh, where It. W. Lemcke kas
sold a large number of residence sites.
Big Scale trade Way.
Half a dosen falr-slred transactions in
, Inside business property were brought
to -dose- during the- week,- and It Is
knowif that several large sales are under
, way. the details of which have not been
announced. '
One of th largest near-ln transac
tions reported during the week was the
half block on the north side of Irving
street between Thirteenth and Four
teenth, which was sold to a local syn-
dlcats for IP0.000. Th sellers of this
property held It a little over two months
and netted 110.000 profit. E. J. Daly. W.
H. Streeter and I. O. Davidson nego
tiated this sale. Mr. Btreeter end Mr.
Daly also sold a lot, lx9B feet, on th
north aide of- Washington. - between
Eighteenth and Nineteenth streets, to
a local Investor, for 118.00.
; An Important sal In th wholesale
district was that of lxn Lewie, who sold
te local persons the northwest corner
of Bef)nd end Couch streets, for $48,000.
Astoria Capitattet Bays.
,' C H. rag, an Astoria capitalist,' has
purchased . the quarter block at the
southeast corner of King and'Washlng
ton streets, for 13.000. The property
wss sold by Peno - tt Ballls, wno
bought It about two months ago for
jo 000. Mr. Page Is casting about for
a suitable Improvement to put on hi
' new purchase. Me has under consid
eration the ertlon of a family hotel.
W T. Mulr ha purchased from Clara
A. Fechhelmer aa undivided half inter
est In two lots at Flrnt and Pine
street, for 827,000. It la announced that
subatantlal Improvements will be put
on the alt at an early data.,
William McMaater has sold his reel
Ocno on Fori and Main streets to Mr.
- M.lr L-rTrnm MT?A GEO. KUSitLU II
Ellea-3-MeOerdV end e 8gJTl0 foot
lot adjoining his residence lot toMias
Henrietta B. Failing, both pieces bring
ing $28,000. .
Pierce Riff its has purchased the eld
Oregon house on First and Davis streets
for $88,000. Holme and Menefee made
th sala. - In the pioneer days of Port
land, the Oregon house was on of Port
land's leading hotels, but with th shift
ing of th business center south end
west. It lost Its plac among th lead
ing hosttlrles. . .
- Buys South. Vorttaad Tract.
Sweeny and Oreene's additions and
10 acre additional, a part of th Ter
willlger tract In ' south Portland,
amounting In all teiStH acres has been
purchased by It'O. Ralston for 85.
800. ' Th property lies west of th
Macadam roed, near the plant of th
Oregon" Furniture Manufacturing com
pany. The Fulton car line, and the
survey of the Oregon electrto railway
pace through the land.- A. A. Llndsley
has sold to Joseph Noll 18 lots in Und-
sley Acres for $17,000. This Is at the
rate ef about $750 per lot. -
. ' Yarlome Small Bales.
John R. Hal haa - purchased from
Louis P. Bsne a 80 by 70 foot lot on
the - northeast corner ef Fourth, end
Hall streets for $8,000.
C H. Dye bought a one half Interest
In lot 8 on th south side of Tamhlll.
between Front and First streets for $18,-
ooo.
Several good, stsed sales were made
In the central Eaat Side district, but the
activity in that section was for the moat
part, confined to residence sites.
A quarter block on East Second, and
East Taylor streets waa purchased by
H. Hlrschberger from C O. Sutherland
for $14,000.
Messrs. Dose and Hicks. Wood mi rn
capitalists, purchased the quarter block
at the northeast corner of East Seventh
and East Tamhlll streets, consideration.
$10,000. Two frame 'dwellings occupy
th lota - The purchasers were offered
$1,000 advance en their purchase before
the deed was etgned. .
Ludwlg Wolf bought - nve lots in
Tlbbetts addition for $7,000. The pur
chaser Intend te Improve the lots et
aa early date with substantial dwell
ings. R. M. Wilbur and M. O'Brien pur
chased the northwest corner of East
Third and East Couch streets for $18,
000. There are four frame residences
on the two lot. - " '
The Oregon and Waahtngton Railway
company took over twe additional tracts
of -acreage on the Peninsula,, near Mo
Kenna Junction. From H. B. Adams tt
bought about four acres for $11,000,
and from the Seventy Shares Investment
company ' the right of way through its
holdings for $8,800. .
A FIFTY PER CENT
; INCREASE IN PERMITS
e . BuUd1ngspermlta te th num.-'
ber of 888 representing Improve-
ments vslued at $680,718 were
q " Issued daring the , month of
e March. . This show a gain of
4 ever - SO per cent as compared '
4 with March ef last year, when
e 188 permits woto Issued repre-
tenting a value ef $418.41.
q The value of the permits for
q the first three months of 1807
were: -, "
January ....... 814,848
February .......... 888.88$
e March . . 8480,780
William J. Bryan, who haa been mak
ing one-night stand throughout th
country for needy six months, plsns to
end his lecture tour aarly in April. It
1s expected that he will then begin an
active campaign for Jhe Democratic
presidential nomination aomswber la
New England.
" who Is MetsgerT Re fits your eyes
for $1.08. Ill Sixth street
'UPPER. VASmtf GTCm
FIHERESIDEriCES
ARES00HT0 GO UP
Local Architects Are Working on
r Very Expensive Class of
Modern Homes.
SCATTERED OVER MANY
SECTIONS OF THE CITY
Handsome Improvements Will Keep
Big Force of BIcn - Fjpployed All
. Summer In Constroctlon -Apart
ment Hoose Planned for Height.
' , ; v
- Probably at ae period In the history
of Portland were the architect vr
o busy la getting up plans for all aorta
of building Improvements aa now. It
is entirely safe to predict that th
amount ef money that will be spent
In building operations her during th
coming, summer and fall will far exceed
that ef any former season.
An Interesting, aa well a agreeable,
feature of this coming building activity
la th large number ef magnificent homes
that are being planned far construction
during thd coming season. No ene part
of the city seams te have been selected
as the future residence district ef th
well-to-do. Whll quit a number ef
palatial residences are being planned for,
Portland Heights, Irvlngton, Hawthorne
avenue, Ooldamlth'a addition, - Walnut
park and elnewhere will witness th
erection ef $10,000 te $30,000 hosnea this
sununsr. . . ,
- Xomee ea Portland KstgMe.
One ef th most attractive homes bow
under construction Is that of B. L.
Thompson, of Hartmaa A Thompson, en
Jackson street. Portland Height. Th
plana were drawn by Bennes, Hendricks
Tobey. The building .will cost about
$.ooo.
A. L.1 Mills of the First National bank
la building a palatial home at Twentieth
and Johnson streets, to eost about 890.000,
The plans were prepared by a firm
of Boston architects.
Dr. Clarence Nichols Is eontampmt
Ing the erection of a handsome dwell
ing on Portland Helghta
Attorney W. L. Brewster alee haa
under consideration th building ef en
attractive home' Architect Jaeobberger
I preparing the preliminary sketch
of a $20,000 residence for K. L, Hoi
brook. Mr. Holbrook recently purchased
a 100x800 site on Portland Heights, at
a cost of $14,000. Mr. Holbrook will
build a very handsome dwelling there
within the next year.
- BeHdlag ta Xrrlagtsa. . .
Dr. J. Arch Stewart and J. Stewart
are preparing to build twe attractive
homes on th sam block in Irvlngton,
to coat about $10,000 each.
On Hancock and Schuyler streets, east
of Bast Twenty-sixth street, several
beautiful homes are under construction.
William Oadaby la building a tis.oo resi
dence on Twenty-sixth end Northrup
streets. Mr. Oadsbys eon Is building a
$8,000 home In the eame block.
Architect Jaeobberger has In prepara
tion plans for, a combination bualneae
and apartment house for Dan J. Malar
key, to be erected on th Heights, at
a eost of $30,000. Th sam architect
la planning a KtOO dwelling for Mra
James, to b constructed at Eaat Twen
tieth and East Main streets, and for
residence of J. J. Knight, to cost $8,000,
and to be built en the helghta.
The board of trustee of th Taylor
Street Methodist ohurch have under con
' STet ,
templation a plan, which If carried out.
will result-la making that organisation
financially independent. Th idea la to
erect a large modern business block, six
or eight stories In height, on the site
of the present edifice, ths southeast
corner of Third and Taylor streets. Th
first or ground floor of th new building
would be glyen ever to stores, th sec
ond flosfwould be -an auditorium, where
th' services would be conducted, and
the remaining floor would be leased for I
offices. - i '
The trustees estimate that the church
would derive a handsome Income from
this proceeding. Th Taylor street church
Is on of Portland's most familiar land
marks and, notwithstanding that It was
built a good many years ago, ta still
one of th most imposing; houses of
worship in th city.
The construction work en the South
ern Methodist church, at Union avenue
and Multnomah street. Is - proceeding
rapidly. -The stone walls era nearly half
np and begins to show something of
th magnitude and imposing appearance
of the structure. The building will cover
a quartar block and will eost $60,000.
TO BREAK GROUND FOR
EAST SIDE THEATRE
'- It now seems an assured fact that
th Eaat Side Is to have, a first claas
np' te date theatre. Architects Wild
man anA Morgan have drawn the pros
pective and elevations of the building
and are now engaged in preparing th
working plans and specifications,
. Considerably more thaa half th es
timated eost haa been subscribed by
Eaat Bide property holder end ethers
Interested In th up building of that eo-
tlon of th city. The well known
theatrical manager. John, F. Cord ray,
haa been engaged te manage the enter
prise will put about $18,000 tate the
necessary theatrical equipment. ' While
discussing the Beat Side theatre re
cently, Mr. Cord ray said:
"The entire cost ef the enterprise
will represent an outlay ef net lea
than' $180,000, that Includes ef eourse,
th site, building end equipment. Within
two weeks, I em told, the work of
Lelearlng the ground will bagln. The
building corporation haa promised to
turn ever te me the new theatre, com
pleted, by the latter part ef September
or th first of October. .
"The $80,000 stock Is practically all
subscribed, and the success ef the ven
ture is undoubtedly assured. When th
matter wms( first broached, there were
three Interests that eame forward and
agreed to take th entire capital stock
In three blocks of $80,000 each. W
let $40,000 go that way, but decided te
popularise the Institution by ejlowlng
the remaining $10,000 to go te small
subscribers, and that . amount ef the
stock wee scattered among a large
number of . atockholdera'
Whltnew L. Boise, Joseph M. Haaley
and E A. Baldwin, together with a num
ber of other prominent East Side resi
dents and property holders have been
Indefatigable workers in the interest
ef the new theatre. When first broached
few people could be Induced to believe
that such a venture would prove a suc
cess: now however, confidence In th
complete success of th enterprise is
vsry generally held.
MAY SELL TEMPLE
Ivanhee lodge. Knight ef Pythias,
hae under consideration a proposal to
purchase Its new brick building on th
corner of Eleventh and Alder street
At an open meeting of the iodre held
during the past -week, it was explained
that - a local syndicate had expressed
a willingness to pay $80,000 for th
property. The lorfee failed te take defi
nite action.'- deeming It advisable to se
cure a suitable location for another
lodg building before disposing, of th
BUILDINGS TO
BE REMODELED
Hibernla as Well as AInsworth
to Receive Extensive Improve
' , ments and Alterations.
t
' i
DEMAND APPARENT.
FOR NEW LOCATIONS
About Fifteen Thousand Dollar la
to Be Spent on the Sargent Hotel,
" Grand Avenue, Where Roof Oar-
den May Be Installed.
Several of the large central business
house are being enlarged and remod
eled In order to meet the constantly In
creasing demand for larger and better
business facilities.
The AInsworth building, at Third and
Onk streets, occupied by the United
States National ' bank, will probably
hav three or four stories added within
th year. . Ex t en el v Interior altera
tion are also under consideration. This
building recently underwent extensive
alterations at a cost of $40,000 to fit
it up aa a modern banking house.
The plan provides for th addition ef
three or four stories and the building
of a steal skeleton frame Architect
Lasarus la preparing preliminary
sketches ofathe proposed Improvement.
The Story half block.- en- the north
side ef Tamhlll between First and Sec
ond streets, is to receive a general
overhauling and enlarging to accommo
date the growing business of L Oe
vurta Sons, wholesale and retail fur
niture dealers. This firm, whloh haa
heretofore occupied but half of the
Story building, will hereafter use th
entire structure
Th Golden Eagt department store,
at the corner- of Third and Tamhlll
treeta, Is undergoing a thorough re
modeling In order better to adapt It to
th requirement ef that firm.
Plane are being prepared 'for -remodeling
the Hibernla building,- at Sixth
and Waahtngton atreeta The ground
floor ta to be divided into twe store
rooms, one te be occupied by the Ood-dard-Klly
Shoe company and the other
by the Merchant Investment Trust
company. Th upper floors are te be
arranged for efflo purpose.
The building occupied by the Mer
chants National bank, at Second and
Washington street, will be eo altered
a to permit ef th bank's bookkeeping
department being moved te the second
floor. -
E. A. Baldwin, owner ef the Sergeant
hotel, at th corner of Grand and Haw
thorne avenue, 1 preparing to expend
about $18,008 In Improving th build
ing. Private dining-room. 11 privet
bath end additional elevator service
will be Inntalled. The corner room en
the ground floor will be made the hotel
office. Mr. Baldwin haa under consid
eration th plan to eatabllah a roof gar
des) xn the hotel building. He Is Inves
tigating the eost of the undertaking. .
The large expenditure In rebuilding
the eighth floor et the Chamber ef
Commerce and that te be used la re
modeling and overhauling the Worces
ter block conclusively prevea that there
I no cessation In th demand for de
sirable office apace
present one The lodge paid $11,800
four years age for the Alder street lot
snd twe year later put up the build
ing at a eost ef $$0,080. ,
"He went to Washington expecting
that his senator would get him an easy
berth."
Ttd hr ' . . -
'"Not exactly. But h gav him a
wide on!" '
Arc You Going to
Complete Plans, Specifications
and Details of this House Only
' Regular Price $16.50
Simplicity and eeoaem ef structural detail wm enable yea te bum
this house ta Peruana today for S1.TM te f 1,000, depeadlag ea the leee
tloa. ,.
Dealgn
OOV '
I - r" ff fAif 4 u '
, . M r Vf
.
sad SS ees ta sftree fee ear I POT book eeatalatn? n ar"?, Oovtaee
Bad Baagalew Plaae end Blsvoaiese. Tka late a4 best book ores pae
llsaed ef koasee eeettaf front oe te O.ooo.
Bead stamp for ems SS-M sketch propoeltloa.
V. W. VOORM""
Bltct aVatLdtrng AC
Project for Filling Twenty Lots Be
tween Principal East and West
. nurhwaya of East Side XV 01 Re
quire Two Yeera to Finish, v"
a vast amount of street filling work
hse-een-aone-TJn th taaf-atAA Anrrn
toe past winter, and with the opening
up q weather more suitable for out
door work, contracts will be let for
several large Improvement ef this
Since the big All en Grand ave
nue waa put In. the abutting property
owner and reel den ts on every slough la
the central east side district have be
come anxious to have like Improvements
made In their districts. The Union
svenue fill Is settling end the surface
is being coated with crushed rock and
th big steam roller sent ever It. peck
ing It down, thereby making a flrst-olas
nignway. wnr onl a fw month axe
wu nsu-ournaa, nan-rotting eievatl
roadway.
It ts probable that several larsw ftlla
will be made on East Stark and East
Oak street during the coming summer.
it is generally thought that th Mount
Hood railway will com te the river
along East Stark street., aa It Is known
that the backer of this company have
bought a large Quantity of valuable
property- on that thoroughfare. . Other
holdera of East Stark atreet property
are hopeful that the expected utilisation
of that street, by th Mount Hood oom-
pany will result In all of that street
being filled, from the river to East Sev
en in street.
The question ef filling the It or 10
blocks, south ef East Morrison street.
to basement level by the Pacific Bridge
company - which has the contract la
anxloualy looked forward to by th
owner of th property. It will take et
least two years to do this work, but
when completed It will result In trans
forming a vaat area of worthless ponds
Into valuable building sites. . The owner
of this low ground, which cannot now
be utilised for any purpose, are sanguine
In the expectation, that after being
filled to basement level, tt will become
the principal warehoua district for the
entire city.
Milwaukle. Country. Club. ji.L
Eastern and California races. Take
Sellwood and Oregon City care at First
and Aldsr. ...
V. W. Toorteo '
' Ircalttd
Bid IM lestdf
No. 48A.
leJCOOn
$10.50 '