The Oregon daily journal. (Portland, Or.) 1902-1972, August 25, 1907, Image 20

The Oregon daily journal., August 25, 1907, Page 20, Image 20

Image provided by: University of Oregon Libraries; Eugene, OR

About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 25, 1907)

Prev Page of 52 Next Prev Issue Next Text PDF JP2 (4.5 MB) Clip/Print Image

Return to Top

Prev Page of 52 Next Prev Issue Next

Newspaper Page Text3 THE .. OREGON SUNDAV JOURNAL; PORTLAND, SUNDAY MORNING, AUGUST 5,' XC07. WEEK'S REALTY SALES PREVIOUS SUMMER RECOR DS I II' rr'rH. : ,i 11 1 j -. . "!:.: ''',, 1 v' ; 4 " 1: 'ft I-" IG m or EAR - cay " -1 JmMHILY7ft?7 - - - . 1 J TRANSFERS ARE (MIIIG III! Tortland Property Looked ' Upon Locally and Other . wise as Safe Investment 6EVEEAL LAEGE ; TRACTS CHANGE IIANDS dosing of Large Savings Bank Haa No Deterrent Effect Upon Prog ress of City'i Building- 3ales Phc nomenal for Summer. Probably no city In th country could ! liave approached Portland's realty mar ket record tor lat wk, when the ale exceeded those of any week during- the ' present summer in aptte of the fact that one of the largest savings banks In the city closed lti doors and went Into tha hands of a receiver. What bet ter proof could be asked of the confi dence reposea m rorxiana oy am vetitinfc publioT , It simply meana that Investors, both local and outside, re gard Portland realty at the prevailing prices, aa an absolutely safe lnvest- ment and one that, Is ure to yield a Jjartdsome return, fi - -: The real eetate market haa been nn tisually healthy throughout the sum mer. Not a week has passed that a number, of good sized sales and many smaller ones were not reported. The usual summer time dullness has been. fcnrdiv noticeable. now tnat lau is sp proaching the volume Of sales Is fast Increasing, Indicating that by November or December at tne latest n volume ' oft, transfers will amount to $1,609,000 per ween. Xeavy Bales During Weak. . The heaviest single transaction of the south half of the block bounded by Third, Fourth, Glisan and Hoyt streets, to M. Barde & Sons, dealers in Iron niDes. fittinsrs. etc.. for 1110,000 The property has a frontage of 200 feet on the north side of Glisan street ' and is covered by a two story frame building which was formerly occupied by the Willamette iron A Steel worfcs. ' together with Charles K Henry, bought tha ontira block last year for 1140. woo Mr. Henry sold the north half of the block to JoseDh Simon for 180,000. Mr. Pel ton realizes a profit In the sale just closed of 120,000. He had deter mined to hold this half block as a per .tiMt fnvAitmAnt anil vliirtantlv agreed to sell It. M. Barde & Sons , will immediately occupy me Duuaing with their heavy hardware business. It Is probable that within a year they will put up a modern brick structure on the , fourth ana uiisan streets oorner. Another large and important trans action nrougnt to a ciose aunng tne week was the sale by B. M. Lombard ' and the H. W. Goode estate of several ' valuable holdings of the ftunset Realty " company to Elliott McAllister, a San , Francisco capitalist The property transferred consists of tha Quarter block at the southeast corner of Third and Jefferson streets, a 62-foot lot on Tavlor street, between Fourth and Fifth, . a V 1 rn r m rwnrt or A an1 a i m Ka jf iiju uiuvn. awaws iiuiiiwui wi ; Jots northeast of Irvington. For the , above holdings Mr. McAllister paid 104,000. Heavy Increase In Pew SContka. The Third and Jefferson street piece was purcnaeea Dy u. m. jiomDara last fall for JX7.&00 and is valued now at ' $60,000. The Taylor street lot Is worth not less than $30,000. The only large ' sale reported as having been made In the warehouse district was that of the quarter block at the southeast corner of Glisan and Twelfth streets. This property was purchased by Albert and Asmus Brix from W. A. Macllae for : $ii6,00. The Messrs. Brli have let the . coniract for the erection of a four story brick building with concrete basement. ' which has been leased for a term of ?ears to a local manufacturing concern, 'he Building will cover the entire lij.tca mm nut cull flLDOUl $35,000. f' The Oregon & California Railroad company has purchased from the Hi toernia JSavings bank a tract of acreage in the Capitol Hill addition. South rortland. for $10,000. . waveely school sj:cures moee ground it'1 I ' Joseph Mi. Healey and Walter -3. Burns rlosod a deal during the, past week with tha .-hool director of district Na 1 for the sale of fiva lota in the Wavar ffteh Heights addition, to be used as ad ditional ground fpr the Waverly school. J ins l' mi prwiiBi iy iut vn chrl board was under tha impression belonged -to tl'e district, but a recent rervcv of Hie Wsverleigh tract showed thst this strip wbs not a part of the or linal rurchnbtf made by a former board 1 yeLJS aa, , . . El BRIDGE SPANS summs gulch Grand Avenue Structure Is Completed and Thrown Open to Travel. Sullivan's gulch Is now spanned by one modern steel and concrete bridge. The bridge at Grand avenue has just been completed at a cost of something like $62,000. The structure is 800 ,fet long and $0 wide and Is paved with asphalt on a concrete foundation. Tho piers are steel resting on concrete foundations, which In turn are sot cm clusters of piles, some of them driven 100 feet Into tha ground. The bridge cannot be used by teams aa the ap proaches have not been completed. in tune a similar atructure will have to b built at Union avenue, as the heavy cars that are operated on that thoroughfare will quickly wreck any wooaen oriage tnat may De punt there. NEW SUBURB IS ATTRACTING BUYERS Tha Paclfle Coast Realty company's announcement In this Issue Is Interest ing reading for those seeking home sites. Heidelberg tract la a portion of the famous Aggers- farm between the Columbia boulevard and Irvington park oetween tne rivers, ana is attracting much- attention from outsiders, owing to tne publicity it is getting, it is very fertile soil and yields fruit abundantly. Heidelberg Is on an elevation and Well adapted for desirable home sites, being on a oar line within easy reach or tne city, xnis addition is destined to become a popular settlement as it affords every convenience for comfort away from the turmoil of tha busy center. twSr f H ' AT T.TPJ"T T . A.t.r JPrtTsJ O i-ivm SLe ' w. ? v O Va -a i J I ,OU W CCJI SI - iCim'ftti , CIVBOHBtlTH.Al?DJPJOMRS0IH.JTS. HV 1 s . IT 1 I' - L, if r-'? ft TWO THOUSAND GAIN IN FOUR MONTHS The 60-foot lot at the northeast corner of Thirteenth and Couch streets has been sold by F. F. Haradon to John G. Edwards for $12,000. Mr. Haradon nur- chased this lot about four months ago for $10,000, thus cleaning up 26 per cent in a snort wnue on nis investment, it Is understood that Mr. Edwards is fig uring on putting up substantial Im provements on the property. The build ings on 11 are now 01a ana practically worthless. iti rii I HOLCOMB PURCHASED PORTLAND HEIGHTS TRACT CHANGES HANDS W P. and A. L Lewis have nurchased from Judge M. C. George an irregularly shaped tract equal in area to a little more than two lots on Portland Helsrhta. The nronerty Is located on Terrace road and commands a fine view. It la under stood that the price was In the neigh borhood of $5,000. The Messrs. Lewis are contemplating the erection of two handsome dwellings on their new pur chase. WAREHOUSE TRACT Fifteenth Street Property Near Glisan Sells at Big Figure. 1 George W. Holcomb has poVcJJased from George W. Carpenter a 60-foot lot on Fifteenth street, between Gli san and Hoyt The consideration was $10,000. The property Is on the edge of the North Portland warehouse dis trict and is thought to be a good buy. Louis Burke has closed a deal with Max Loewenson for his handosme home on Johnson street, between Twenty-third and Twenty-fourth streets. Mr. Burke paid $8,000 for the property. Frank F. Gilliam has sold to John II. Gibson a large number of lots ct North Mount Tabor. The consideration was $9,410. 1 T FE CON IE N WAREHOUSE REGION Quarter Block at Twelfth and Lovejoy Purchased by C. R. Templeton. The only sale reported In the North Portland warehouse district during the week was that of a quarter block at the northwest corner of Twelfth and Love Joy streets, purchased by C R Temple ton from the Moore Realty company for $16,600. The corner Is practically un improved, but Is in a district where a number of expensive buildings are un der construction and others to be start ed at an early date. Property In this immediate vicinity has been changing hands more frequently in the past few months than In any other part of the city. COLUIIA FLAT SALE IS IMPORTANT ONE Property on Fourth Street Corner Yields Ten Per Cent Revenue. ALBINA RESIDENCES . PROVE GOOD SELLERS Sunnyside and Stephens Ad dition Places Also Sold During Week. J. F. Hill has sold his residence at Failing and Gantenbein streets to Mrs. Sarah Moore for $2,800. The property consists 01 a do-tooi tot occupied Dy a modern cottage. Another purchase in the same vicinity that was made during tne past weeK was tnat or tnree lots in the Albina Homestead addition sold by Louis Trummer to Ada A. Nlckles for 12.600. i ' Thomas Hlslon has purchased from the German Savings and Loan society a uarter diock in oiock yo, stepnens ed ition; consideration, 3.uuu. Out at Sunnyside Albert Wallina has purchased a quarter block occupied by moaern residence, j ne pronerty ne- longna to m. t. nncay ana nroug 14. 200 The house and lot at the northwest corner of East Twentieth and Schuyler streets has been purchased by A. A. Courtney from the Security Savings & Trust company, xne consideration m volved was $3,76). L IIJNTOh OUTGROWS L FACILITIES Store Buildings and Resi dences Are Fast Occupy ing Vacant Land. One of tha largest and most Impor tant realty deals put through during the past week was the purchase by F. L. Shull of the three double flats occu pying the 60x1 00-foot lot at the north east corner of Fourth and Columbia streets. The property was owned by Egbert F. Ferris and was sold for $24, 000. The buildings occupying the site are comparatively new. They are dou ble flats, two stories high and of frame construction. It Is understood that Mr. Shull secured the property as an Investment and that It yields 10 per cent on the purchase price. Linnton Is prosperqus and growing fast. Mane & Bloch have Just com pleted two two gtory store buildings. District Attorney John Manning is also erec-ng a two story building to be oc cupied as a clothing store. H. Jette has his large three story hotel building under roof and nearlng completion. O. M. Clark of the Clark-Wilson Lumber company Is building a very pretty two story bungalow. A. A. Carter and Mr. Morrison also have residences nearing completion. The town has outgrown the school building and an extensive addition is now being built. Plans for several more store buildings and quite a num ber of dwellings are now being drawn and will be built at once. The sta bility and permanency of Linnton as the town of the lower west side is fully established arid with its incorpor ation which is now in progress will undoubtedly experience a great and rapid growth. 1 REALTY MARKET SHOWSJJP. WELL Transfers for Last Thursday Well Above Hundred Thousand Mark. Last Thursday's real estate trans fers went well above $100,000, the first time for several weeks that the realty market has shown up so well. The In dications are now that the total sum of the dally transfers filed for record will continue to grow. The custom of having the consider tions in warranty deeds named at $1 is growing among Investors. For this reason the dally total of transfers is a poor barometer of the volume of realty sales. There were 46 transfers filed for record Friday. 19 of which contained a nominal consideratlSn. As a rule about one third of the Instruments conveying real property in tills city and county name a nominal consideration. Many buyers insist that the consider ation in their deeds shall be put In at some lnsirniricant sum, usually l. The reason alleaed for this little deception is that the tax assessors will not know what the property cost and will prob ably not assess It so high. 'It Is im- gosstble to get the average property uyer to understand that the assessor pays no attention to the cost of prop erty, and is not in any manner guided thereby. In assessing its value. It la altogether improbable that the assessor ever looks at the county clerk's records for the purpose of securing data in mak ing up his assessment rul. EASTtSIDE HOMES FIND NEW OWNERS S. B. Barker has closed a' deal with Georae S. Allen for the purchase of an attractive Holladay Park home. Tha site contains a lot and a half and Is oc cunled bV a modern two-story home. The consideration was $6,160. Another east side home that has changed hands recently was that of M. j. McManon, situated in aienwood Jfarit. erty was purchased by Edward E, the consideration involved being The prop- !. Lyon, $2,600 REAL ESTATE DEALE PROFIT BY FAtlURE The real estate dealers say the failure of the bank this week Is an ill wind that Is blowing them good. The Dunn-Lawrence company reports the sale of $40, 000 worth of real estate in six days, the largest sales being 68 acres north of Jennings Lodge for $18,600, a property near Tenth and Montgomery for $7,000, and Kauplsh place, on Clackamas river, and several residences on the east side. BODY OF PIONEER TO BE BURIED TODAY Funeral Services Over Re mains of C. Cardinell at First Baptist Church. The funeral of the lata Charles Car dinell, one of Portland's pioneers and most respected citizens, will ba held from the First Baptist church this aft ernoon at 2 o'clock. Mr. Cardinell died August 13 In tha eighty-fifth year of his age. , For many years he had been a partial Invalid from paralysis, but his strong will and un conquerable spirit helped him to resist the ravages or time until ne was over come by an Incurable disease. Through out the years of his physical disability his 'mind remained unimpaired ana ne was able to eive full oerning his affairs until irectiona con a. few- weeks betore his death. Mr. Cardinell was born in Ontario, Canada, in 1822, and cams to Califor nia during the mining excitement in the early Y60s. Here he made and lost one or two fortunes and then came to Portland. During his long residence vfL&i .T,r 0 years he was closely Identified wiui the interests of the city, He gave his attention to real estate and mansged his own property. CardlAaU, hi. MOma&U wla w&A 'f t xZ'lfv' V-r f w f ., A ' j. y ''- "' I"'1" 1 1 mi nimijiiimiii Charles Cardinell. had been his companion for nearly 60 years, died In 1894. Both Mr. and Mrs. Cardinell had a wide circle of friends who will -regret his death. He is survived bv his son. Charles B. Cardinell. who with his famp ily came from Medford to be with his father during the last few months of hla Ufa. and jis dauahter. jtb. Cvrua A. Polpa tola Alt, YOUTHFUL BICYCLE THIEVES HAD STOLEN GOODS CACHED IN SHED Ross, Claud and Let Hickman, aged 10, 12 and 14 years, respectively, were arrested yesterday afternoon by Detec tives Hellyer and Inskeep while trying to trade a bicycle frame for a bicycle bell, and the police believe thev have unearthed the perpetrators of the wholesale bicycle thefts that have been going on for months. In a shed back of ' the Hickman home at 886 Cherry street eight bicycles were found of the 17 reported stolen to the police. The youthful thieves displayed am as lng cleverness In disguising tne wheels after they were stolen. Handle bars, seats, wheels and other detachable por tions of the bicycles were ehanged around so that identification was al most Impossible. The oldest Hickman boy was arrest ed down town and detectives took the younger lads into custody at 8S5 Cherry street The father and mother of the boys are separated and they have been deprived of parental instruction. COPPER EXCITEMENT IN COEUR D'ALENE IS BACKED BY STRIKES Conditions In tha Coeur d'AIene are boomirg, and never looked brighter than they do today, according to President A. A. Hammer of tha Copper Plata Mining company of Mullan, Idaho, who is in Portland on a combined mission .of bust ness and of renewing old acquaintance Mr. Hammer was one of the early resi dents of Pendleton,; having been in the livery buslnes there over 20 years ago. The Conner Flats was located bv Mr. &mmsr la .WK at Mullaa fir jaara after he settled la tha district, and about $20,000 worth, of development work, has been dona on tha property thus far. Tha mine is In tha best part of the .Sho shone county copper field, and accord ing to Mr. Hammer is rich In silver, lead and copper." - "On every alda of Us th-properties are making big strikes," said he. "To tha east of us the Snowstorm has re cently discovered ore running $1,000 to tha ton, and tha famous Hunter mine, wbiob adjoins our property, baa recently uncovered a two-foot vein of gray co per running $1,600 to the ton, with 2,11 ounces of silver and 19 per cent copper. It looks as tnougn ne nad one or t propositions In the Coeur biggest d'Alenes.' RICH STRIKE Recant JSeport Received from the Gold Fields of , Nevada, J. H. Tates received a telegram from Goldfield, Nevada, this morning stating that his company bad struck the ledge In tha Denny Dulin Copper Mining Co. s property, which shows seven feet of rich ore. This nroDerty was extensively advertised In The journal last May. Since then the company has continued to do active development work. The officers of tha company are Alex 8 week, presi dent! Judge Thomas O'Day, secretary ; 1. Aronson, vice-presi- and treasurer; dent; J. H. Tates, general manager, and Hanrora vvniung, airector. Dr. whom IIIIUIU ,T HlM,ia, UllVUlj are heavily Interested. all of The company Intends installing a steam hoist and to commence shipping at once. Kept Cool by Hot Air. There Is a. great demand throughout India, as well as In all other tropical countries, for some sort of fan that will distribute a great deal of cool air at a low oost of produotion, A German firm has recently introduced in Bombay a portable ran wnicn is operated at about one-fifth the cost of eleotrio fans. - . The ran-i -propeiiea ey-a-not air a lne. says Town and Country, the heat emit generated oy a , Kerosene lam which holds 'about one Quart of sufficient to Keep it imp oil. running for 24 hours. To tha lamp la attached 9, small glass chimney connected with the en gine. Upon the top of the engine is hung the fan. similar In shape and else to the ordinary electric fan, whose speed is governed by the size of the flame. Tha whole outfit weighs about 80 pounds and sits upon a small stand, raising tha level of the fan proper to that of an or dinary desk. It Is fitted with handles and can be easily moved to any portion of the room or house desired. If American manufacturers can pro duce a similar article, with perhaps a few Improvements and at a smaller cost, an, immenso f iem will be found for, its sale, for this is not necessarily limited to India, but would Include every hot coH"V" 1P. hich white people are com pelled to live. Gull's Clam Dinner. Prom the Hartford Courant.. There are many gulls that fly In M 4 about Clinton Harbor and Just outside the harbor It Is Interesting to watch tha small gulls hovering about the flalt Sounds, where they help themselves, f ten each pound pole Is surmounted by a gull meditating a dinner of resting 1 after one. Sometimes the gulls make their nesta In the crannies 'and aper tures of the coast rocks, but most f re quently, where the shores are flat, tho nests can be found In the seaweed, . Which Is thrown far un on tha hAanh at; nign uaes, or in tne tan nedga tnat grow ary in tne not sumn Guilt are especially fond of clams, and many aulls snand feeding time on the sand flats at tide getting the clams. The mil t, tha clam in Us bilL, then flies hiah Un Mil iiiv . 1 mm m ui;iv. Alia urops lne - clam so that thB shell wilt smann on the rock. The gull then denceMm ent Snjoys the dainty. In winter gull will rop a clam on an Icy place. If con venient Instead of ' a - roclt.- Tha mil seems wlsertthaa his nam Implies. issksun. tllAJon