;TIIE OREGON SUNDAY JOUKNAC, PORTLAND, SUNDAY MOKtJTfJO, 'ArRlE 3. 1837.
TQTA'i
WEEKS REALTY TRANSFERS OVER HALF
OF
MIL!
nor STOPPine
RISE
VALUES
Real Estate All Over the City
Chows No Sign of Im- .
' " pending Break.
SUBURBAN TRACTS :
ALSO INCREASE IN PRICE
Great Prosperity Among All CUmti
and Phenomenal Additions to
; ' Portland' Population Responsible
for General Upward Tone. ..
Building permit (or th week
ending yesterday at noon amount-
ed to 1164,640. So far, the value
of permlta for - April have
ached the eum of $L((,6S0
nearly 1500,000 greater than
those of any month In the his
tory of Portland, and more than
three time as much the
value of those Issued In April,
1(01, .which was the first month
In the history of the city la,
which the permit reached the
1500.000 mark. . . -
The realty transfers for week"
mounted to $5J,i70 which is 'a)
well above the average slnoe ..the )
first of tha year. .;:
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,
The remarkable Increase In values of
.' Portland real estate In tha relatively
short space of two years, aa displayed
on official records and plentifully veri
fied In the books of the city's realty
'. dealers, .' clearly demonstrates the ad
vantage of possessing that most valu
able of natural gifts foresight' -.
Hundreds of Portland resident have
achieved financial Independence by read
i lng the signs of the times aright, two
. years ago. and Investing their savings
in Portland dirt. Thousands might have
' pursued tha same wis course, and the
denouement has -. amply proved that
they would have at no time been In any
danger of loatng. - :- i, ;.'' 4 '
' ' i ' Xlstory WtU Btpwt Xtsslf.' f , ';
' What has proved true In tha last two
years will prove equally ' true In the
next two years, Is tha best Judgment of
; scores of Portland' most careful. Intel
ligent and cautious Investors, who are
In no manner' deterred by - tha present
, 4 prices of property In this city and envi
rons, but are quietly picking up every
, good offering. .-i' ' J -The
question' I frequently asked, what
.. Iia caused Portland realty to make such
, phenomenal' advance in the past two
years? The answer I simple; It Is the
s ' almost unprecedented Increaaa In popu
lation. "-Thousands of these newcomers,
'., well-to-do resident of the east and mloV
die went, who visited the -Lewis and
" Clark fair two-years ago, were attracted
i- Ji sm MStawss-...!--!!
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.1 !
ft
ELKVEN-8T0RT BOARD OF
by our unequaled oil mate and splendid
business opportunities, returned to their
homes, sold out and cam back to. In
vest In Portland.
a. 11 Classes Prospsaoa.
Another, though lees potent, reason for
this extraordinary Jump lit values Is the
prosperous condition of the stockraleers,
farmers and fruit growers of tha -Willamette
valley and eastern Oregon, who
In the past three or four years have
mado a great deal of money. Large
numbers of them have Invested heavily
In I'ortland realty. For the most part
thetr purchases havs not been of a
speculative character, but were made en
tirely aa Investments. - Of course, It
would be Idle to undertake to enumerate
sll of ths reasons for Portland's splen
did measure of prosperity. Suffice it
to say. It Is here, and every Indication
points, to the fart that, It Is here to
stay. '
Notwithstanding the fact that-the
merchants "have more business than they
can handle, that the builders have more
woatthan they can find workmen to
do. TTat the sawmills hgvs orders for
more lumber than they can saw, that
every branch of Industry Is overflowing
with prosperity, yet there is tCtt occa
sional croaker, who insists that prop
erty Is too htKh, that the bottom lound
to fall out of Portlsnd and ths whole
town go to the demnltlon bow-wows. " '
Croaker Bfcout Vnaotloed.
' Occasionally soma faint-hearted Indi
vidual points to the number of our pros
perous suburbs . and additions and ax
claims that the whole oountr la being
cut up Into lots and sold, out at high
prices to the utter, ruination of the pur
chasers and the general discomfiture of
everybody elss. . ,-..-.-
Men gifted avlth ' wisdom are undis
mayed by such ridiculous prophecies a
these. The wlae man, 'especially th
father of children, will 'take advantage
of tha first opportunity to build a borne
In the-country that Is to say In - ths
suburbs a place easily reached, and yet
with plenty of fresh -air and room for
children, where they may frolic at will
and grow strong of heart and sturdy of
limb. The suburban addition Is the nat
ural home of tha laboring man, and In
these days of th trolley oar and rapid
transit thousand that formerly lived in
the crowded elty district are seeking
the freedom ef th small cottage on
the 60-foot lot that , can be purchased
on th -monthly installment plan for
but little more than was formerly paid
for rent.,., t . ,
: ' mi ' in Tain ValvwaaL :
But to return to' tha subject of th
Increase in city ' and suburban .value.
Th growth In. value In all part of
Portland and environ has bean mora
nearly uniform than la usually tha case
with such long-continued and large In
creases. In the extended business dis
trict the increaaa in proparty value
ha been about. th same In every di
rection, except along Washington street
Because of th faot that that thorough
far 1 th main artery leading to sev
erer large and fashionable residence dis
trict, ' retail business ha, sought and
IS seeking - location there In greater
number than on any other avenue lead-
Jng from, tha oenter. '
For a ling tlm proparty hi Booth
Portland was cheaper than In any other
portion of th oity equally distant from
th oenter, bat daring th ' past few
months value there have greatly in
creased, largely because of th addi
tional street railway facilities - under,
construction la that section. .
Th railway development on th lo
ri'fi fir! !
TRADB BUILDINO BEING ERECTED
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peninsula, together -with the'larga In
dustrie located there wa entirely th
cause for th lnereaa in values in that
action ever other suburban district.
FREE LOT; Will DROP
FRO!,! BA11005 IS AIR
A -free lot on Portland: Height, not
for everybody, but for a lucky some
body. Next Sunday afternoon, May
jl
AT SOUTHEAST. CORXER Ol FOURTU AND OAK STREETS 1
- .
D. XL Keaay -will, send up a balloon
on Portland Height from which a deed
to '. a Portland Height lot will b
dropped and . th , person . getting - th
deed become th' owner of th lot
- Br. Keasy has recently acquired a
large amount of hslgbta proparty which
he 1 improving . and will shortly put
en :th market, ; ,; . .. I :.
Ti-lUwv't: Ak;A'"v,;-
for our annual statement giving valu
able information on oar growth full
of interest to th depoeltor or anyone
eeklng a depositary. Portland Trust
Company of Oregon, southeast corner
Third nd Oak. -.-. r4 V.
; Tvl- rfj
1
3
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04ffACS
RESIDEIiCES ARE
111 BIG. DEB
Bright Days Are Attended by In
creased Activity Among Seek
. ' rs for Home. i,
KEASEY SECURES TRACT
ON PORTLAND HEIGHTS
D. B. MckJ Find Many Seeken
tor Pleoo of Property in Sooth
Portlatid After Ho Haa Adwrtlawd
ta The Journal. V.7 i,;A
The warm. pring-llk weather of th
paat week had much to do with tha re
newed activity In th looal real estate
market. Th total voJum os tn weeir
transfer went well above th $800,000
mark, while th realty dealer report a
largely lnoreaaad inquiry for all class
of proparty. . -
Th demand . for roaidsno property
eeems to be greater than at any time
during th past few month. An exam
ination of th transfers filed for record
for th past weA bring to light th
fact that about T5 per cent of th total
1 a record of th al of residence and
resldeno lots, varying In value from
$M00 to IM00. -.., ; .,-
' Buy n Portland Height. ' " .
On of th larg transactions reported
during th week was th purchase by
D. K. Keay, th Portland Height op
erator, of a large number or Terrace
Height lots for 111.000. It I under
stood that Mr. Keaaey will soak exten
sive improvement in tha way of street
and sidewalk work in Terrace Height
prior to putting this proparty on to
market. v
A. H. Hoplu of Seattle, owner orth
Chamber of Commerce building, ha cold
to a local Investor th block bounded by
Yaughan, Wilson, Eighteenth and Nine
teenth street for 1 40,000. - ,
Mr. Hoplu bought thl block about
tw year ago for 111.000, thu clearing
over 100 per cent on hi transaction.
It 1 announced that the purchaser of
th property will probably put up on or
more warehouses on it within th year.
rniobaao on Second atiwea, . :
John H. Petereon has purchased ' a
IB-foot lot on Second street, between
Oak and Pin from I H, Tarplsy for
114,000. ..- . - ' . ' ' v,',. -... - , , - .-
A SS-aer tract on Colombia slough
waa old by ynta Btrobel to A. O.
Churchill A Co. for 110.000. , '
D. B. Mackl of th Commercial In
vestment company had a strenuous time
early In th week with a piece of South
Portland property which had been listed
1th him for sale. Lsst Sunday Mr.
Mackl advertlaed thl property In th
column of The journal, eettlng forth
It attractive features; tha next day
he had If Inquiries answering the adver
tisement and could have sold It half a
dosen time during th day. '
Th property la th old Riverside no-
tL - at th foot - of - Hamilton avenue,
and waa taken by Frank Dayton of the
Dayton Hardware company, who paid
V. A. Fosdlck 110.00 for It. .
Lout p. Beno ha purchased from
Richard Healy th lot at tha northwest
coiwr of Twelfth and Overton streets
for IS.M0. f , - .
lt of ta-wwiry JtowA' -Tha
transaction whereby M. 1 Hol-
brook purchased from R. B. tmon an
undivided half lnteret In th quarter
block at th ' southwest . corner of
Eleventh and Stark street, baa Just
been closed. Thl I th lt of th
proposed six-story hotel that Meaara
Holbrook iAtnson are putting up. i n
contract of sal wa mao vri
months ago. th purchase price na-evig
been IJO.OOO. A halt Interest in the
same property would bring today not
lea than 1(0.000. '
Th outheeat omr.f - UtaMn.
nu and Eaat Fin e treat has been pur
chased by C. VT. Hastlnrs for 111,000.
Samuel B. Schwab haa taken title to a
lot on the west aid of Sixth street, be
tween Johnson and Irving. Jams D.
Hart owned th proparty and old it for
110.000. - i
Sif anoii on ravistisasi. ,
Th northwest oornar of Orand ave
nue and East Irving street haa been sold
by T. J. McName to J. B. C. Lockwood
for 11.100. r. B. Mackl made th sale.
Three cottages occupy the lot, which
bring in a revenue equal to I per cent
of the purchase price.
Th three handaom double flat at
th soutkwest eorner of Clay and Tenth
a treats have been purchased by W. H.
Powell from Charles H Ruayon for 111.
S00. These flats are among the most
desirable in th elty and rent for about
T Pr oent net on th purchase price.
The congregation of th Slater of th
Mist Precioue Blood haa purchased a
quarter block on th southwest oornar ef
Higuand street and Cleveland avenue.
Thl order own other property in th
same vicinity and it 1 understood sub
stantial improvements are oontamplatsd.
A4 large number of eaat aid
denoes, varying in value from $4,000 to
$(,000, changed hand durina tha neat
week. J. IX . Wharton purohaaed a
dwaUlng and quarter block from Mr.
Joeephlne Hlrsoh. located at the south
west eorner of Eaat -Seventh and Broad
way, for t,006. -
Henry Oeraon, admlnlatrator, ha sold
to ID, r. Loom Is a lot M tha oornar of
Claakama and Benton atreeta. Lower
Alblna, for $5,100. , ' ; .
Th ' southeast eorner of Rose and
Broadway haa been purohaaed by H. J.
Malheur from W. B. Bolton for $5,000.
A $4,000 house and lot en the south
oast corner of Failing street and Cleve
land avenue wa sold by A. L. Howard
to John F. Bahmann.
I F. Dye -has aurchaeed from Oeore
Bieioa io oy io xeet on th eorner
of East Thlrty-alxth and Eaat Main
streets, Bunnyalde, tor $5,500. .
,,' Bungalow iu Btghaav.
' On of the bungalows recently creat
ed In Bungalow Qlede, Portland Height,
naa oeen sola w A. M. Lano for $5,000.
A ' number of Portland real estate
dealer, composed of B. J. Daly. J. O.
Rountrae of . Whiting A Rountree. J.
Adrian Epplng and O. T. Baker have
purohaaed (41 acre of Hood River
apple land and have let contrast for
clearing th entire tract and planting
It tn apple tree. Newton and Bpltsen-
oerg. in apple that have made Hood
River famous, only will be set out.
In addition to the syndicate Durchaae
Mr. Bpplng ewn (0 aore. 10 of whiea
l in full bearing and from which he
derived a net income laat year of $4,000,
air. Kountree purchased 4 acre in
dividually a few week ago, which he
I having mad ready for planting.
'B. J. Daly bought a quarter-aeotloa
laat fan near the syndiosw purchase,
all of which will be set In apple within
a year. . . . v ; .... v
CARS TO ROSE CUT
' PARK BY HAY-15
No Falllng-Off In Demand for
Lot In the New
Addition. , .
It la new annoanoed that the electric
car line to Rose City Park will probably
be in operation by May 1$. A tempo
rary crossing ha been put In where the
electric line crosae tha O. R. A N.
track, aa it will be some week befor
the forged steel crossing arrive from
th east.
All tha steel rail have arrived and
been distributed along th line. Th
entire grade haa been completed except
through the hill In Rose City Park and
the cut there will be finished within a
week. A six-Inch water mala la being
laid from th big Peninsula servloe
main, which will reach the park soon
after June 1. O. W. Taylor" new r-
Idenc In the park la about ready for
occupancy, and two ether dwellings are
under construction-
More than (00 lots have been nM In
tntar aoaiuoa sino u wee jjut on t .
BOARD OF TRADE
BUILDIflD PLAHS
Walls of Structure at Fourth and
Oak Will Be of Reenforced
; ' Concrete. r
THREE ELEVATORS TO BE
- , ; RUN BY ELECTRICITY
Bank, WOI Occupy Ground Floo
Oorncar Trimming . of Upper
Floor to B of Ground Oregon
The plan and specifications ef th
lt-atory Board of Trad building, to be
erected en tth southeast corner of
Fourth and Oak streets, have been com
pleted by Architect David C Lewia Th
wall of th truotur are to be entirely
of reenf oroed con or eta The exterior of -the
tw lower stories are to be finished
In plain and enamel terra eotta facing,
and th wall of th nine upper stories
will be a stained cement finish.
. All outside trimming will be of oop
per. The lobby on the ground floor will
be finished In native marble. All in.
terior trimming of th first floor will
be in mahogany, whll th trimming
of th upper floor I to be selected,
grained Oregon fir, which for beauty ex.
eel even oak, that haa heretofore bean
exclusively used for the Interior finish,
of - Portland's handsomest . buildings.
Bach of the 10 uppar floors will have If
office rooms, whloh will be reached by
three electrlo elevator. -
A number of modern oontrlvanoa that
are being need la th latest and moat
modern eastern building will be uaed
In this structure. A new vacuum heat
ing system and an up-to-date sanitary
plumbing system will be installed.
The oornar room on th ground floor
will be occupied by a looal bank. An
old, wetl-asUbllshed realty Arm will
also take quarters en thl floor. A
larg cafe will occupy th rear of the
lower floor. A barber shop and Turkish
bathroom will occupy a large part of
th basement. It Is eetlmated that
about one year will be required to finish,
the structure, so that prospective ten
ant will take poeaeesion of thetr new
quarter May 1, lfOt.
PEOPLE NO LONGER FEAR"
FULL VALUE ASSESSMENT
' (Special Pnvtteh to The Joanut)
Albany, Or., April 17. aeeor r. T
MoKnlgbt reports that th work of -
lament la greatly expedited this w
son by reason of the fact that the r
ple no longer fear the placing of t
property on a full-value baala.
actual teat ef the full-value ban a i
been a good educator and the a
I declared to be a decided aurrx- i,
peering to be fair and uet to a i.
. May Day en Ck:.'. i
One of the prettiest f tnr of 1 4 .
on now cloetnr at the l.;.ni t
will occur on V. enwalay ev- I-
May day festival. I lans have 1 -.-n 7 .
to make tha affair una r-f i .
memorl)le of the l,iti'isH!'rr ti . . . .
clal events and many rol r 1
have lin arran !. 1 rn.'- - t is
thetn will be a groat n ,
of four tams of skater., f - ,
a st, earh driven by a i 4 t.
undoubtedly prove the r t -and
apectartilnr race tt. ' ) .
skatd at this ru
price.
market, shout or r
arerifs rp-rt r f.
mand f ir tr.i l -lnrral
rf-r 1
past I flj v