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
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