THE" OREGON SUNDAY JOURNAL PORTLAND, SUNDAY : MORNING,' ' NOVEMBER 17, 1907.'
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lOjYMICHASLITTLEMENTlFFECTGN
ALTYDEALS
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CLERK FLOODED
Willi
Three Days' Realty Deals
Foot Up to Quarter of a
Million.
DOES NOT COVER
ENTIRE AMOUNT
Moat Important Purchase Made by
Plow Company Which Buys Half
Block on North Side of East Tay
lor Street.
Just three days ago the county clerk
opentd the recording department of his
office, since when, real estfete transfers
valued at mora than $250,000 have been
filed for record, full 90 per cent of
which represents transactions that were
negotiated during the holiday period and
that only came to light after the oppor
tunlty was given to (lie the transfers.
It Is safe to say that this sum does
not begin to cover the entire volume of
realty sales that have been made in
Portland and vicinity since the gover
nor's first holiday proclamation. While
It was generally known that fair
amount of trading was being done dur
ing the past three weeks. It was not
believed to be anything like so extensive
and general as it has proved to be.
Many Besldsnoe Balsa.
The sales have, nearly all been In the
residence districts, and all at prices
well up toward the top, disproving any
disposition on the part of holders to
make concessions. By far the most Im
portant purchase made since the first
of the month wu that of the half
block on the north side' of East Taylor
street between Cast First and East Sec
ond streets, which was taken over by
the Ollvef Chilled Plow Works. The
ale was made by E. G. Crawford, a
banker at Vancouver, Washington, who
was paid $22,000 for the four lots. The
local representative of the Oliver
Plow company announces that within
the next few months the company will
erect a brick or concrete warehouse on
the site, which will he utilised as the
northwest headquarters for the com
pany's rapidly expanding business in ,
tms section.
Another reaTty transaction of scarce
ly lbss importance to this community
that was closed during the past week,
was the purchase by Nlichael O'Brien of
block 78, Holladay's addition, which Is
bounded by Clackamas, Wnsco, East
Blxth and East Seventh streets. The
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EEc5I PENCE OF
VILLlAMcJ AND
ROPNEY AND C
property was sold by the Oregon Real
Estate company for 124.000. It Is un
derstood that Mr. O'Brien, who took title
to this block, represents Oakland, Cali
fornia, buyers and that U is probable
that a building, to be utilised as a com
mercial colluge, will go up on the block.
It is also announced that an Oakland
architect is fretting up the plans for the
proposed building and that about ISO. 000
will be expended in the Improvements.
K. E. Myers has purchased 10 acres
on the Multnomah and Clackamas boun
dary line near the Oregon City carline.
The property, which Is a part of the
Logan tract, was ryi'vhasea from For
rest I. Phelps for $600.
Koyt 8tret Flats Sold.
The Foster flats at the southwest
corncB of Eighteenth and Hoyt streets,
have boen purchased by W. C. Walker
through the agency of Fields, Reed &
Tynan for $16,000.
A large number of residences and res
idence Tots valued at from $2,000 to
$4,000 changed hands during ine past
two weeks, among which are the fol
lowing: W. H. Nun residence on Knott
street, between Rodney and union ave
nuea, was purchased by William Hey
for $4,000.
Miguel Ovalle has purchased from the
Fidelity Trust company a 60-foot lot on
Twenty-fourth street, between Thuwnan
and Vaughn streets; consideration
$?.760
Mrs. Alice B. Bowman has purchased
throe lots on Surman street, near Union
avenue from A. L. Whitten for $3,500.
A small residence occupies the site.
S. W. (Thompson has sold to Mrs.
Cynthia A. Haynes a house and lot in
Nortn lrvingion. ine properly is ira
East Thirteenth Street, between Shaver
and Falling and brought $3,000.
Francis K. Htevcns nas purcnasea
from Cyrus and L. C. Culpan a house
and lot in Upper Albino, consideration
$2,300.
E. D. Hubbard has sold to Mrs. Min
nie Hubbard a house and lot in the
Hawthorne avonuo addition for $2,500.
Josephine Oliver has purchased a sin
gle lot on East Main, between East
Thirteenth and East Fourteenth streets.
The property belonged to J. O. Evans
and was sold for $2,050.
P. H. Roork has purchased from I. J.
Hersha a lot on Mississippi avenue, be
tween Mason and Skldmore streets; con
sideration $2,000.
T. C. Thorndsen has sold his Sunny
slde home to A. H. Cunningham. The
property is on East Thirty-second
street between East Morrison and East
Alder and was sold for $2,050.
Bank Bays ZAna,
A quarter block In the Riverside ad
dition has been purchased by J. J.
Greene from Charles L. Olsen for $2,600.
The Merchants' Savings & Trust com
pany has purchased 16 lots in Heldel
berg from af. E. Greenman. Heidelberg
Is a recently platted aJditlon, east of
Vernon and overlooking the Columbia
river.
Mall k Von Borstel have Just closed
a deal with Anton Slavloh for the pur
chase of the residence of P. G. Carlson
at 326 Grant street, near Sixth; consid
eration $4.000.. This firm has closed
two other important deals during the
past week. For the United States Na
tional bank, was sold the quarter block
at the northwest corner of East Twenty-third
street and Hollnday avenue to
Arthur Anderson; and the Otto Nelson
home at East Eighth and East Everett
streets was sold to M. C. Petteys for
$3,350.
Poor Outlook.
From the Youth's Companion.
The rich young man who waa liylng
to learn to work had fallen in love
with the daughter of his employer, but
he found that his path was by no means
clear of obstacles.
"You tell me your father objects to
your marrying me," he said, in a crest
fallen tone. "Is it because I am in his
employ? I can leave it and go back to
a life of Idleness If he prefers.
"Oh, no, that Isn't what he wants,
said the object of his choice. "He says
I may marry you just as soon as you're
valuable enough to nave your salary
raised.'
EE.IPENCE OF
:VANC0WE&
AIN5W0ETH
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Metiger & Co., jewelers and opticians.
342 Washington street.
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FINE HOMES Oil
PIEDMONT SITES
Residence District on the
Heights Has Ilad Sub
stantial Growth.
BOULEVARD SYSTEM
IS NOW PLANNED
Alleyways Distinctly Feature of
Rapidly Growing Sections Dwell
ings All Occupied by Owners
Wide Streets and Avenues.
No other strictly residence district of
Portland has developed In the past two
years along more substantial and more
desirable lines than has Piedmont,
which might be called the "height of
land," between the Columbia and Wil
lamette rivers. It was selected long
ago by observant Portlanders as the
portion Of the city ultimately to become
the choicest residence section. It
is reached by easy grades over two
trunk lines of electric cars, and is yet
sufficiently elevated to overlook the
entire city and commands a magnificent
view of the Columbia 'river and the
snow-capped mountains to the north and
east.
Piedmont is one of the few additions
In Portland to have bread alleys in the
rear of the lots In which all water, gas
and sewer pipes are laid, thus insuring
that the streets once rmved will not bo
constantly torn up for the purpose of
putting down pipe lines. The streets
running east and west through Pied
mont are 60 feet wide, while the ave
nues from north to south have a width
of SO and 100 feet. No dwelling can
be built here at a cost of less than
$2,000. and the homebullders are further
safeguarded by the assurance that no
saioon, factory, shop, mill, lumber yard
or omer onjecuonaoie Duiiding is per
mitted in Piedmont.
Three pictures of the types of resl-
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Residence of F. Dubois, Twenty-eighth and Gliaan Streets.
BUYS MARSHALL
STBEEIfiESIDEHCE
Property Near Twenty-Fifth
Bought by Mrs. Helen
- Young for $10,000.
dences being built in
iedmont are
Type ot Kings ; Height New Residences.
printed on tfii page. There are over
100 elegant l residences In Piedmont,
every one of which, with one exception,
is occupied by the owners.
Many nomenuuaers in .piedmont nave
so disposed their dwellings as to secure
parking effects without the addition of
cultivated shade trees other than those
of deciduous varieties placed by the
owners of the tract along the side
walks. A system of boulevards, to b" further
attended, at present Includes 13 to IS
A $10,000 cash sale of Portland realty
was closed up yesterday, the buyer, Mrs.
Helen A. Young, was formerly a resi
dent of this city, who has returned here,
believing that Portland city property is
the best Investment to be had in the
northwest. Mrs. Young's purchase is a
handsome two-story residence at Twenty-fifth
and Marshall street a The deal
was negotiated through the agencies of
Zimmerman & Vaughn and Labb St
Thomas.
miles of excellent roadway, reaching to
all parts of the peninsula. This sys
tem practically has Its beginning at
Piedmont, ana with prospective im
provement and extension will become
the popular course for driving and auto
moblllng, as It includes scenic reaches
along the Willamette as well as along
the Columbia.
The "cuss-less," "wait-less," "girl
less," - "out-of-order-less" telephone
"Homcphone-lV -
GOLDSMITH FLATS
SEllFJIfpO
II. II. Pronty Buys Two
Story Building Near
Cherry Street.
The Clarno flats, on Goldsmith street,
between Broadway and Cherry, were
sold yesterday by Francis J. Clarno to
H. H. Prouty for $12,000. This, prop
erty was purchased 30 days ago by Mr.
Clarno for $10,500. The building Is a
two-story, four-series flat, of modern de
sign and finished throughout In hard
wood. Mr. Prouty bought the property
as an investment. It brlnsrs in a rental
revenue equal to 10 per cent of the pur-
Antone Slavlch has . purchased from
Peter G. Carlson a house and lot at
Sixth and Grant streets, consideration
F. N. Hoffedits has sold to J.-T. An
derson a two-story residence on East
Salmon streets between East T went y-
mira ana mdi i wenry-iourtn Streets,
consideration $3 500. . s ;
PROPERTY STILL
HOLDS ITS VALUE
Buyers Market in Portland.
Never Better Than at
Present.
CONDITIONS NOT
CHANGED BY FLURRYi
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Sales May Have Become Lees Fre
qnent, but Worth of Tracts Re
main Intact Best Time In City's
History to Buy. . ,Y -
Delays AM Sanrerons.
If you are suffering from headaches
and havs. not-found the cause, call on
Pr. B. J. Mills, the syestght specialist,
111 Sixth street near Washington,
This department of The Journal de
sires to reiterate and tmnhMlu ih.
views heretofore expressed, that now Is
the time to buy Portland real estate.
No matter what character of. nrnwn
an Investor Is looking for. whether Je
be a vacant lot for future boms build
ing purposes, a piece of improved resi
dence property, a piece of farming land
or even a revenue-paying parcel, right
now is the time for him to get out, find
what he wants and buy it. The owner
of realty who offers it for sal at this
time, unless pressed for ready cash to
the extent that a sacrifice is inevitable,
makes a great mistake tn offering his
holding on any terms short ot the prices
ruling during the past few; months.
Portland real estate has never got aboe
its actual earning capacity if suitably
and property improved. The flurry In,
the money market is not going to re
duce the value of realty one dollar. The
condition" ate not changed by the
events of the pest three weeks, nor
will they be altered by the events of
the next few weeks. In other words,
the conditions -1 here are permanent.
Population must necessarily continue to
grow. The land is as fertile and pro
ductive as ever. Prices are good m$
the profits of farming are great TMi s
why should there be a widespread
shrinkage in reul estate vsluest -Of-
course, there ere some people In
Portland who will be driven by -
sity to sacrifice their holding Buyre
are aware of the fact that, in
such as now prevails, thore r Iwf
some who are forced te turn loose, and .
they are watching for Just mi'MH"
tunlties. They are tl in ''"
for It Ii In no wise to th:r wv.rMit
that-they are shrewd enough It
their money for Jut . h n cfjKf.
tunlty as Is now preen(-.l. .
buyer's market. i't Cf'-r I "
erty unle farced to. 1 f "' '
and tnnre ihn.yu gve tot It, Mr. i
nevr be wwrllli lead.