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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (July 21, 1907)
toon r $17,000 POTCTLASDJEJGf f i i J "nULTN0MAK"mON61N6 TO Tftt ACTIVE DEMAND FOR PROPERTY Whole Volume of Transac tions Steadily Increased Since First of Month. LITTLE DEALING IX BUSINESS HOLDINGS Owners Refuse to Quote Prices on Central Holdings, Which Simply Are Not to Be Had at Any Price Deals of the Week. "An active demand with firm prices," to use a mock market phrase, best de scribes the condition of the local realty situation during the past week. Since July 1 the volume of sales lias steadily . increased and prices have noticeably hardened. The Invariable quieting down ; of all classes of business that is looked -: for during the months of July and Au gust haa so far failed to put in an appear i ance In Portland's realty circles- In fact - the record of the first three weeks of July la far ahead of the same period in May and June. Wilrt Deals Were Made. . Sales have been confined chiefly to Warehouse sites In North Portland and on the east side, and a very large and general movement in residence property. Bales of Inside business property have . been exceedingly rare, for the reason . that the property Is not to be had at a trice within ; the bounds of reason, older of central business sites simply - refnseto-"ittt prices. ; ' ' The following' incident' is an indica tion of the difficulty experienced by - agents in securing this class of . property for customers. A Seattle firm planning 'to open av-branch establishment bcje employed a well-known realty broker to - get a price on a Fifth 'street corner in the retail district." The owner of the ' corner refused r to nam a price and finally declined two and one half times wht ne paid for it less than a year ago. A local syndicate wanted to buy a certain - valuable Third street corner em wt e ago, but tw oaabj to get -' 'USD man M - I the owner to price the property. In stances of this character have been fre quent of late. Foundation Is Solid. Owners of property here realize that Portland la built on a foundation as solid and enduring as the rook of ages, and that property valuations are natur ally bound to greatly Increase with the assured growth of the city. Two important sales In the North Portland warehouse district were closed in the latter part of the past week. George W. Holcomb and associates pur chased the quarter hlock at the north east corner of Fifteenth and Irving streets for JZO.OOO. The property, which is covered with small residences, be longed to Mrs. Ann Manning. In the same vicinity L. M. and E. O fct:rr purchased from James P. fnnke the SO-foot lot on the southwest corner of Everett and Fourteenth streets for J17.600. The J. J., Hawes residence on Lucretia street, north of Washington, has been purchased by H. M. tffert for tS.500. The property consisted of a 60-foot lot occupied by a modern two-story frame residence. The northwest corner of Twenty second and Northrup streets' has been purchased by J. H. Tutue rrom Himanuei Heck for IS, 000. .Charles E. Oliver has sold to Mrs. Elizabeth O. Zigler a house and lot on the northeast corner of Eaat Salmon and East Twenty-sixth streets for $5,600. The property Is a part of the Murray Hill tract. GROUND rURCJUSED FOR NEW LAUNDRY Another large laundry is to be added to Portland's list of establishments of this kind. The Brown-Tale company has purchased from Mrs. Sol Hirsch a strip 60 by 200 feet on 'Bast Tentn street, extending from East Morrison to Belmont, to be used as a site for the lew laundry. The enure strip win ue covered bv a three-story brlcK Duwaing as soon as the preliminary arrangements can be made. The plant will be equipped with new and modern ma chinery. , The Brown-Yale company toperates a large laundry at superior, Wisconsin, ana another at Dujutn, Minnesota. BUILDING ACTIVITY' 1 1 AT SERENE PARK Serene Park, the Nordby Lumber com pany's new addition, has been the scene of considerable activity lately, botk buying and building. Bldon Link has recently purchased two lots ,n the aad, tion for $1,100, and Oeorg W. Feathers bpugut the nortn half of. four lots in block I, for which he paid $1,760. A number of modern homes are being planned Xor tbat district. ' THE ORE00J SUNDAY ' V I! 3 en D fJ7CfELL r:f.J 1A FORJffl SIDE Residences and Residence Lots in That Section Fea ture of Strong 3Iarket. The past week has been a record breaker in the number of East Side res idences and lots sold. Scarcely a day passed that less than a dozen $2,000 to $3,000 dwellings changed hands. N. A Schanen purchased a house and lot on the northeast corner of East Main and East Thirty-fourth streets for $2,500. The property belonged to Nora B. Llngley. The northeast corner of Weidler and East Sixteenth streets has been sold to C. C. Vett bv Frank T. Woodward for $2,700. The site Is improved with a small cottage. T. J. Povey bought from W. H. Tuttle a tot at Meagly Junction improved with a modern home, consideration $2,600. Mrs. Louise Hamilton has nurchased from Nicolas Dcnoodt a house and lot on East Forty-seventh, near East Sal mon streets, Sunnyside, for $2,250. In the same locality Mrs. Marie Waalni has purchased a home from T. S. Mc Daniel, consideration $1,800. Martha W. Boggs bought the Priest property at railing and Oantenbeln streets for 18.000. The nroDertv con fist of a 60-foot lot and a modern two- story dwelling. t;. is. f ields purchased from Jens Ol- sen a house and lot at Hazelwood addl tion for $2,000. Ellen M. Shaw purchased for $2,600 ine voir nome ai jnriana. O. L. B. Crane purchased four lots on Frances avenue, Kenilworth, from Fannie Harrison,' consideration $3,126. DEPARTMENT STORE ATTRACTIONS PLANNED - Llpman & Wolfe have taken out a permit for the expenditure of about $16,000 in general . repairs and altera tions . of. their department stores at Third and Washington streets. Among! Installation of two new electric eleva tors, one near the Fourth street entrance- and the other about the center of Ui bniidin. RECORD BREAKER JOURNAL. . PORTLAND. : SUNDAY : ' MORNING, 'JULY tU - if it Sri I- r r i 1 .1 Oil EAST SIDE Warehouse Property Took Strong Turn Last Week Transfers Announced. East side warehouse property took another strong upward turn during the past week, three large sales having been closed, two of which were an nounced. Richard Koehler sold to Her bert H. Brown the half block fronting on the north side of Alder street be tween East Water and East First. The consideration named In the transaction was $37,600. The property is practi cally unimproved. J. Marlon Smith closed a deal with W. H. Moore and associates for the quarter block at the northwest corner of East Taylor and East Third streets. The consideration Involved In the trans action was $16,000. The property unimproved and in the center of the most active development In the district. Another sale in this district, of a val uable auarterblock, was said to have been closed, but the name of the pur chaser and location of the property is withheld for the present CORNER PROPERTY BRINGS GOOD PRICE The 60 by 100 foot lot on the north east corner of Fourteenth ad Flanders streets has been purchased by J. D. Wilcox, for $12,000. The property Is occupied by several small cottages. The sale was made through the agency of j. jjaiy ana w. a. Btreeter. The number of persons to the square mile in this country is 17, while In England it is 480. TOUB UTXB Is out of order. You go to bed In a bad humor and get up with a bad taste In y.our mouth. Tou want something to stimulate your liver. Just try Heri bine, the liver regulator. A positive cure for constipation, dyspepsia and all liver complaints. Mrs. F -., Fort Worth, Texas, writes: "Have used Herbtne in my family for years. Words can t express what I think shout It. Everybody in my houi. bold are happy and well, and we owe It to Hattys. Sold by ail druggist. - TRANSACTIONS 4 ti V,:lV. REMODELING OED ROOUG HOUSE Marquara Apartments at Sixth and Alder, Undergo ing General Overhauling Sixth and Alder streets. Is to undergo a general overhauling, and reconstruc tion. The Title Guarantee & Trust com riA.nv. the owner of the building, will expend about $8,000 In the Improvement, the work of which will be done under the supervision of Architects Mao M.na-htnn Raymond and Laurence. The entire lower floor will be equipped with a plate-glass front. The pians can iut a division of this floor into seven store ans call for rooms. Tne two upper nri u runs in ted throughout, and some slight alterations made in them. This build nr haa an interesting history. It was built about 36 years ago on the blocK nrcimlri hv tne Hotel fornmm and was at that time known as the Qon tral ej " h rr I When the hotel building: was first nm-iaotAH neflHv 2hi vears a jto, the ..kAAlhmisA wan mriTPrl to it DrSBGTlt site by Judge Marquam and converted Into a rooming nouio. n j - been a paying piece of Property, and even now pays well enough to lustjry it. nwnora in making a considerable ex penditure to prolong Its life. BUSINESS BUILDING FOR TRIANGLE LOT Charles K. Henry and Judge Mai lory Let Contract for Improve ment to Cost $25,000. Charles K. Henry and Judge Mallory have let the contract for the erection of a 6ne-stOr--i-brick business house to cover -the west triangular half of the block bounded by Columbia, "Jefferson, Water and Front streets. This Jblock is crossed diagonally by the tracks of the Oregon Electric railway and the oast half will be the site of the depot, waiting offices and general headquar ters of the Oregon Electric company. The Henry-Mallory structure will hiv. a front of 200 feet on Columbia and Front streets and about 276 feet on- the railway tracks. The building will b constructed of brick with iron supporting cofumns. . The walls will have a sufficient thickness to support several additional stories. The total coat of the imnrovement will aPDroxi- rnau'iaMOO. 1807. rs HI Ik, is 4., V. ' L.E.TttOKP6034 , PORTLAND MBI6HT5.V SOUTH PORTLAND AS FACTORY DISTRICT Since January Two Concerns Hare Been Established North of Ful ton Another Planned. South Portland Is fast coming to the front as a factory district. Since the first of the year two large5 concerns have been established Just north of Fulton, while announcement has Just been made that the Portland Mattress & Uphol- the expenditure of between $80 000 and $40,000 In a factory and warehouse in that district A block and a half adjoining the Ore gon Furniture company's plant on the west has been purcnasea Dy ine mat tress factory, on which a two-story factory, 60 by 100, and a three-story warehouse. 60 by 100. will be erected. It Is the intention of the promoters of this enterprise to so Increase their out put as to take care of the local market. HANDSOME RESIDENCES ON PORTLAND HEIGHTS Misses Maude and Belle Alnsworth are building one of the handsomest of new homes in the citv on Ravensvlew drive, Portland Heights. The building is of frame construction and will have two full ' stories, basement and attic, It will contain 14 rooms and will cost about $16,000. A. M. Smith is having plans prepared for a modern nine-room frame resi dence to be built on Rlvervlew drive at a" cost of about $7,000. Mrs. E. W. Hendricks has taken out a permit for the i erection of a two- story frame- dwelling to cost $8,000. The house will be built on Terrace road west of Twentieth street. TWO GOOD DEALS IN IMPROVED HOLDINGS Sengstake ft Lyman - have sold to Cecilia Watson the east 66 feet of the lot at the northwest corner or Harrison and Seventh- streets for $9,610. This property was purchased some months ago by Sengstake ft -Lyman, who have made substantial improvements on that and adjoining property - since purchas ing: It. Another sale in ine same district closed during the past week was that of -the' quarter block on the northwest corner or Jackson and' Sixteenth streets, purchased by A. O. Long from H. J. Armstrong for $6,600. , No Touch Allowed. ' From'the New York Mail. If the Japanese are really rolna to insist upon a scrimmage - with this country, they must not expect to bor row the money' of us to pay their part of ta expenses of it, ; .. REALTY MARKET NEVER STRONGER Practically No Speculation Indulged in Home Buyr ers Have the Call. - It is a safe assertion to say that nimw out of every ten real estate purch now being made in Portland arj keeps." Ther Is practically no specu lation going on. On an average about 80 transfers are dally filed for record, and the bulk of these investments Is in residence property. This condition is eminently satisfactory to every one who Is Interested in the general prosperity and up-building of Portland and sur rounding territory. The more people who own their own homes, the better in every respect Wlli be the community. A gratifying feat ure connected with th, wave of home buying is the fact that a very large per cent of the capital being so em ployed Is new money. People in large number are coming In her now, principally from the middle west, who are buying homes for their families. And It may bo said that this Is doubly satisfactory, for It Is not only increasing our population, but it is add ing a very desirable class to our clti zenshlp. who Increase hnvond th aver age the general business of the com munity. AS an Instance Of tVia la mimhar of residences that are being purchased by newcomers, one agency, whose busi ness is largely confined to this class of property, reports that it sold seven homes within the past week, all above the $3,000 class. Iin.l In ev.rv In.tini'n but one the purchaser was a recent ar rival. The demand for wXll-hniR mndnrate. priced dwellings was never greater than it is at present. LARGE FAMILY HOTEL CHANGES OWNERSHIP The largest sale reported during the past week was that of the Hobart-Cur- tls. a slx-storv family hotel, and sur rounding tract, 160 by 470 feet, belong ing to Judge H. H. Northrun and sold to A. B. Steinbach. the Morrison street clothier. The purchase price was not made known, although it is belteyto be In the neighborhood of $126,00-. '-V aMe of Fnnrtnth trt Iflft feet-'k uruuuriT m locaiea on uiti w-.- north of Madison street. The hotel Is cne of the best constructed buildings of its kind in Portland.- and Is a good in come bearing piece of property. Pens made of reed on the same fines as - the- teel pen have been found In the tombs of Egypt dating, probably, 4,600 ; years B. C v I .'-r. - , : . :
