3
THE .. OREGON SUNDAV JOURNAL; PORTLAND, SUNDAY MORNING, AUGUST 5,' XC07.
WEEK'S
REALTY
SALES
PREVIOUS
SUMMER RECOR
DS
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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.
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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
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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