; W WOISK IN TrtB (SRAVEli
HI
X
IN REAL ESTATE
Two Transactions in Inside
Acreage Inyolved Out
lay of Over $250,000. '
EASTERN CAPITALIST:
HEAVY LOCAL BUYER
Xtofo City Park Porchaw of ICO
Acre Consummated oa .AIl-CMh
Iuil Acreage In Goldsmith Ad
dition Bronght f lOB,ooo.
Daiit th fact that a hollr-contert
d city election U drawing to a close
and that thera wera but v bailaeaa
dava durinr last week, the realty mar
ket took oa an activity altof ether nnax-
cected. ' l' -
Tha featurcf the weeVa tranaao
tlona !waa two laraV tnalda ' acreage
a&lea, tha consideration Involved going
well abova 1260,000.
Hartman ft Thompson, representing
tha syndicate owning Rosa City Park
aold to an eastern capitalist 160 acres
In Rosa City Park for $160,000. ; This
sale la of more than ordinary iniereai,
from the fact that, tha entire purchase
price was paid In cash, thus making it
one of the largeat aii-oaan aeaia mu
; here In aome montha. - - -i,
The aale was made through the
agency of George B. Underwood, . who
repreaentad both seller and buyer.;
.. Xxtead Ca XJaa.
It la announced that Jthe purchaser
will Immediately extend the East An
keny car Una through the property and
'will expend a large sum In Improving
his purchase, making of it an up-to-date
attractive residence aoamon.
"w, Hartman Thmpson paid, , $500 - per
acre for this property about the first
vcf the year, while the sale Just made
was at the rate or i.ooo per acre, inoi
eating 100 per cent Increase in less than
'six montha r " .
Xb other large acreage aala closed
was a part of the-Goldsmith tract in
'"the Knob HIU district, purchaaed by
the Colonial, investment company rrom
lKuis Goldsmith.' The tract contains
about 28 acres, and was sold for $105.-
000. or a little over $4,000 per acre.
: The sale was made through the agency
of tha TWa Guarantee & Trust com
The property adjoins Goldsmith's addition,-lying
southwest of the Cornell
road, and extending weat to the Wll-
Janletta Heights survey. , i aajoina on
the southwest the s land recently pur-
rlahMed by Russell & . Blyth from the
Bcottiah-Amerlcan . Investment com
pany, and which -r is now oemg- graaea
and otherwiae Improved . for residence
purposes. ' A :4. ; .
Zuprora srew Tract.
: Tha Colonial ' Investment company is
a corporation principally composed of
' astern capitalists. A. TVi Jenks, a
'.mining engineer, who has recently lo
cated In Portland, handled" the buyer's
end of tha transaction. - ' , ; -V.
v The tract is' high and very sightly,
and is one of the"most desirable resi
dence districts In Portland.-While the
nurchasera havamada no definite an-
: nouncement of their plans, it ,1a sup
1 posed that the ; property will be lm
' proved and put onsthe market -J. f. ,-,-.
f H. Wemme purchased during tha week
another Front-street busineas ste. This
property, which la Just one block north,
of the handsome- new building under
construction by Mr. ;;Wemma at Front
and Burnside '..streets, 'belonged -to. J.C
Ainsworth,'whovaold it' for $30,000.
rtl i
. "A J
1 - t"
, ' .
c
ACTIVITY
.Worn Out pavement at Fourth-and Stark Street,
i 1 r Tmlhrflnri ft
I ' . ..... I -r j . f l J I r ilk I 1 1 t - . I III I
III Ii-. '-it 1 VVT!- . JllrcBuM". :;r Us- '
I Srsrs, IfZjrft ' ' v , ' - - ; wlit-r. v . , 1, " it ' ia
I -'' I. iii mi. itriinii i n n', mi "hi- B 't-Vci.-"1' ,4-1 . ;ifvVi- Nj:'
Wakefield, Fries A Co. negotiated the
sate.' .... . . v
Dr. C'l R. : Templeton. who recently
sold the Templeton flats ' on Upper
Washington street, baa purchased from
A. B. Btelnbach the quarter .block at
tha southeast corner of Johnson and
Seventeenth streets for $22,600. It. Is
probable that Dr. Templeton will erect
oa the' site three modem apartment
houses. The ; property is well located
for such a purpose.
C I McKeona has Just concluded a
transaction whereby he acquired a large
number of . valuable lots in the Good
Morning and Northern Hill additiona.
Tha consideration of the sale was
about $20,000., ,
. f afany ; Bealdeaoa . Xots Bold. .:
C W. fiherman has purchased from
J. jO. Elrod an irregular shaped tract,
comprising five-lots In Rosen wood ad
dition, Portland Heights, for. $7,500. ;
Tha auarter block at the corner of
Oregon street and- Union avenue , has
been purchased by George . U Peaalee
for 17.000.- The alte la unimprovea.
"A larae number of residences and
residence Jots, ranging" in value from
$3,000 to $5,000, were . sold , during, the
week. ' - ' .
Several new. building - enterprises
were launched curing we ww.
architects' ' offices reporting a -greater
rush of business than at any time alnce
the early "spring. - ;
Plans for tha iwis Montgomery res
idence, to be built at East , Salmon and
East Twentieth streets, are complete.
and the contract for its construction
will bo let . within a few daya. Tnis
s to be one of the handsomest private
homes on the Eaat Side, and will , cost
between 115.000 and $20,000. '
Tha First United Presbyterian enurcn
s preparing to ouua a iz,vuv enurcn
at the corner -of Sixth and Montgom
ery streets. .Plana 'are being prepared
br a local architect.
Paul Pferdner v nas , purcnaaea -me
Methodist church sitavOn Twenty-third
street, between Hoyt and Irving, and
will erect- a building . ror bis aaverus-
lnsr noveltr " factory, now locaxea ion
First street, near Salmon.
: : Work on Swift riant.
Construction work will begin on the
Swift packing plant on the ' peninsula
tha fore part of tnia week, xne Dig
dredge which' is 4to be used in making a
channel,; In Columbia ' slough has been
completed at the; local ship yaraa,,ana
will be. moved t over to. the slough and
nut 'to-work. -,' i-iV-'-'' - : :s
The announcement comes airect irora
the men who are' In charge Of construe'
tlon.i Officials have made no announce
ments previous to this, and say posi
tively that; the reclamation' operations
Will oegin mis ween. .,. .7 . ;
1
THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, JUNE 2, 1907.-
! I . - - - T ' - au wa. -at i t,K.sl . -
It Is estimated this part of the work
can be completed in six or eight montha
It will be determined largely upon the
capacity of tha dredge and the number
of ' accidents and repairing necessary
Tha work contemplated for tha dredge
includes fills of part of the low land
known aa Smlth'a lake and tha deep
ening of the Oregon, slough, which is
really a part of the Columbia' river.
Tha high water at thla time la favor
able to operations and is the principal
cause of rushing the work. The Oregon
lough, which incloses Haydsn'a Island,
has a strong current and Its depth af
fords an excellent location for the
dredge. r-
Watt r o aauroaa. -
It will probably be six months before
actual construction work on the buna
tags of the packing plant begins, as it
will be 'necessary to wait ror the com
pletlon of the north . bank road that
building material can be delivered on
the grounds. . , -.-"f . ,.
C J. Daly and W.' B. Streeter have
sold to an out-of-town Investor a 50 by
100. foot lot on tha north side of -Wash
Ington street, between Twenty-third and
Lucretia, for $12,000. The lot adjoins
Tha Hill and is near tha Murlark halL
The owner will put up a substantial lm
provement on tha property during. the
present year. , yj , ,
SAYS PAVING OF STARK
STREET IS DISGRACE
' " ' i
Property Owners "Should Petition
Council to Have Beit Pave
, 1 . ment Laid,' '
. "Within tha present year nearly every
transportation company in tha city and
hundreds of professional men and busi
ness concerns will have their offices in
tha district noath af Stark street," re
marked one,, of Portland's progressive
wealthy men. "Now the point that
want to make Is this: Every day In the
year scores of strangers will have oc
casion to visit these offices In these
three huge office buildings that are
going up in the northern portion or the
business 'district, ' and they can't get
there without crossing Btark street.
which in" its present condition, la a dls-
arace to any civilised community.
Every time that 1 nave occasion 10
go' from my office to the Chamber of
Commerce, if I happen to be accom
panied by a stranger, 1 am asnamea to
cross Stark street ana nave, my com
panion' aee '' tha condition of Ita pave
ment. ; -
"The : old vitrified : brick pavement
that was put down there 10 or IS yearsJrapIdlyr..the .concrete foundation is In
ago. is simply villainous, in many
places the brick have long since been
ground to dust and blown away, leav
ing chuck-holes that break axlea and
dish .buggyf wheels. ,;.
For four years I have heard the
neoola of Portland 'complain bitterly
of the condition of this street. It aeems
to me-fhat as a matter of common, or
dinary' pride, the Stark street property
owners would petition the council to
lay the best pavement obtainable on
that . thoroughfare." .
Baa Filed Fifty Thousand Saws. w
- From the Kansas City Star.
T J. Goodwin of -Ohio avenue declares
that In the last $0 yeara he has filed
60.000 saws and walked 65,000 miles.
While accomplishing this, he saya ha
has carried with. hlm tha burden of a
saw tsa with a seat attachment, a con
trivance .which weighs $$ , pounds.. He
la (it Years old.'. .t,-? r:c,v"'-i '
From tha accounts ha has kept, the
old man estimates that he has tiled an
average of II saws a day for tha last 36
years, and has walked an average of
about II miles a da for that period.
PORTLAND LEADS
ALL III BUG
Tourists Express Surprise at
Amount of New Build-
ing Done Here.
SEATTLE IS LETT
FAR IN THE REAR
Twenty New Buildings From Six to
Ten Stories Begun In Past Ninety
Days Labor Scarce, but Rapid
Progress la Made, j'
Tourists coming into Portland, from I
either tha sound cities or California,
express surprise at finding the build-
ing development Just fairly beginning
her A number of Urge building en-
terprlses are being completed In Seat-
11 but no new construction to speak
01 im umu, siariea.. j.am croat or ine
building development in Los Angeles
la also said , to have passed. i-
BUt here In Portland the Situation is 1
altogether different. A veritable flood- would be liable to damage suits, accord
tide of high claas building ha set in ing to Attorney McNary.
here. In the heart of the business cen- George B. Frank and tha Northwest-
ter, no less than 20 Six to ten-Story rn Tmnrovement aiMoclatlon take u.
class A buildings have been startad I
within the past 90 daya
1 Three BIf Office Bolldlnga,
Within an area of three blocks, three
office buildings, the aggregate cost courl regaramg tne closing or tne
of which will not be less than $1,000.- Woodlawn pits, and Judge M.; C George
000. are Just getUng under way. At decided the pits could be closed regard
Fourth and Oak streets, the basement less of the OTntiacts. , r
and part of the first story of the Board Tntt 'con' have been looked up and
of Trade structure is up; one square th "nt wia be on thl aeclsion
wt. at Firth an nic mtr. .1. bf Judge George. The people of Ter-
tnrua ot tha frm nf th r,m.
mercial club is up. and at Fourth and I
Washington the ateel frame of tha I
Rothschild structure is mounting sky
ward. ,, h -
Xapld Progress Bverywhate.
Work on the Beck building, at Sev
enth and Oak streets, is progressing
SrlL-:
la
hotel, at the southwest corner of Elev
enth and Stark has the first story up.
This Will be one of the handsomest pri
vate hotels in the city. The walls are
to be - a , rich : cream-colored , pressed
brick, finished with green terra cotta xh. Y,iu. of the building permits la
trlmmlngs. I. in . Mm .wur aecond onl to that
Tha medical-dental office building, at L
Park and lder streets, owned by Bald-
win and Downing, has three stories of
its steel frame In position and a por-
tion of thebrlck walls of the first
story are laid. Across Park street Dr.
Cornellua is putting up a six-story
building, the concrete foundation of
which la about finished. H. . Wemme
has Jtist . begun theconstructlon of alan u.o'g7,76 was the figure reached,
flva-stoi business block at; Front andHjt ls believed that the value of June's
Bumslde. covering a quarter .blocks Larmit.-wtiiaxoi those of May. aa the
: i SkfUed Zbor Za oarca..;:A$ I architects' offices are flooded with or
Two stories of the eight-story Cor- Iders for plans for new construction.
bett aetata building at -Fifth and An- j
keny.-have been finished. , This Is a
trlcUy mill constructed building, and I
the only one now going up la the west I
side business district- ; i
Contractors and builders are sot an-1
M liiaiil hi;,,: "
tlclpating any great relief ' from the
scarcity of labor within the next year.
Especially will the demand be unusu
ally heavy for members of tha building
trades unlona
The demand for carpenters, brick
layers, cement workers, plasterers and
structural steel workers near exceeds
tha supply, and with the inauguration
of several large building enterprises
known to.be in preparation. It la prob
able that this demand for mechanics
In tha building trades win Increase
rather than diminish.
PEOPLE HAKE PROTEST
AGAINST GRAVEL PITS
City Attorney Saya Council Has No
Power to Order Pita
' Closed. .
Opening of , large gravel pits in Ver
non by street contractors has aroused
an Intense sentiment against certain of
tha fttv nfflolnllL whom It la thoneht
by these indignant cltlsens are respon
slble. Litigation Is certain to follow.
City Attorney. McNary has , rendered
ecision In which ha states that the
ari,
, ' Xm . h wouM int.rfI
with the execution of the contract pre-
viously awarded to Gleblsch A Joplln
for the Improvement of Alberta street
if the contraotora wera prohibited from
,Hn.r ,rvnl fmm .thi nlta th eltv
caption to this decision, and charge
tna,t Jt was made for political purposes
(only. These cltlsens declare that the
same question came up In tha, circuit
non allege that the pita are rulrilog
property in tnai part 01 toe cuy ana
must oe ciuseu.
KAY TRANSFERS
TOUCH HIGH MARK
the Month of June
Will Show Still Greater
; Increase, .
,i , k. ' tha it.
hv,. tha month mat closed nermlt. to
i. t t itf m taauad b
th, ; DUlwtBg inspector, and for AprU
ih gum was I1.IM.I77. or for,She two
month, about $2,700,000.
0nly on. other month in the history
. ,hi the nermits so over
$1,000,000, and ' that ; was May. 106.
. Realty transfers for- the month aa
gregated $2,814,906, or about $1,000,0QJ
more than the value or . ua tranarera oi
May. 1906. and nearly half a million
greater than the value of those for Jan-
uary at this year. ;
?r - o. Xrrs
SEATTLE BOON
IS ON DECLINE
New. York, Magazine Writer
Says Portland Is the Place
to Buy Now.
NO NEW ENTERPRISES
ARE BEGUN IN SEATTLE
Chauncey Tbomaisof Success Maga
alna Will Invest , His Money In
Portland Seattle Boom Pone-
tared Six Months Ago. .
1.
Chauncey Thomas, a New Tork mag
azine writer,- who for tha paat four
montha has been on . tha Paclflo ooaat
studying the entire financial situation
and business outlook for a series of
articles which, will appear in the Sue
cess magaxlne in a few months,, has
the following to say of the real estate
outlook-In the sound cities:
"The boom in Seattle la over. Real
estate prices long ago passed. the In
trinalo value of the property, except
in the very best residence and business
locations and tide lands and water
fronts on the sound.
'Outside lots Just within the India
rubber city limits were traded la on
what is practically a margin basis for
rising prioes Justified only by a city
of one million people, it is ears to say
that the majority of those who bought
outside' lota did so nine times out of
ten on the Installment plan, with no
idea of ever building on thera, but to
resell them to other speculators at an
advsnced price. . ' i'
"Many did this over and over again,
and of - course made a ; great deal of ,
. LsssaakstW ti.. . . .
II0I9 la Brick Pavement,
21
.-J
MOLBBOOlfm
Vt
money from their operations, but It is
an endless chain system of things and
sooner or later the end must coma Un
improved lots miles from tha business
oenter cannot go up forever, somebody
must In tha end pay for all the profits
made down the Una to tha first buyer.
And those who are now holding tha
sack are those who bought last.
BeatUa Banks Hedga.
: "I understand, but naturally cannot .
verify the Information, so I give it
only for what truth there may ba in.
It. but It looks 'reasonable to any one
acquainted with Seattle real estate and
business outlook,"' that several months
ago the Seattle banks stopped loaning;
money on real estate, ; with exception. :
of course, of very sure and safe prop
erty, well within Its actual value. Tha
outside lota wera marked oft tha loan
ing lists, v- -..v.
"In big building operations Seattle
aeems not to be beginning much . OS
Importance. as Portland evidently la
What is going on Is cleaning UPa go to
speak, present plana -
"I have looked over tne wnoie coun
try from the Columbia to , tha Cana
dian Una and It looks to a man up st
tree that the time to sell In Seattle
was six months ago, the time to buy
for the quickest results is In ; Port
land, especially on the , east aide well ;
down, and for long but big profits,
perhaps 10 to 18 years hence. In Ta
coma. Personally I am going to buy .
In Portland. And i when a man baoks .
hla opinion with hia , pocketbook ha ,
usuaUy meana It"
French Peasants', Odd Business.
From tha New Orleana Times-Democrat
'In Franca at this season," aald a
bird dealer, "the banks of the streams
are vellow with bonflrea : every night. '
About the fires loaf peasants, men and
women, smoking, chattering, spooning.
"They keep the blase going, all night,
and at dawn, behold! the ground is an
Inch or two" deep with May flies, fire
flies, moths little creatures that, exi . .
pectlng soma, unknown and divine sen
sation, flew out of the darkness into
those clear and gemllne flames, fluttered
forth again In agony, fell and died.
"The tiny corpses are sold to tna
French-bird dealers at S or cents e
pint, and are resold for food to tha own
ers of pet birds, finches, thrushes, ea
narlea,, nightingales and the like,' ,,
Fifth e-1
- A