The Oregon daily journal., May 24, 1908, Page 43, Image 43

THE OREGON SUNDAY- JOURNAL, PORTLAND, SUNDAY MORNING, MAY 24, 1808.
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Illl HOLD or
;Ko Such Conditions Exist
Here as Reported in Other
Coast Cities.
A prosperous real estate market nee
I esssrlly Implies ; activity la the bund
ling world, or la other words, the real
lloundatlon on which the realty market
Ixnust always -rest Is the building record.
Fifteen month ago there were at
ileast a dozen Immense buildings of the
'first class going up in Portland with
'twice that number of brick business
.'houses of . the. second class under con
tatructlon. ' At that time, then scarcely
; a day passed without one or more bona
;fide sales In me high-priced business
district being reported. These sales
If requently amounted to $100,000 and the
weekly total several times reached the
11,000,000 mark. At the present time
there are but two buildings of the first
class under construction that were be
gun as far back as 12 months, while of
more recent beginning there is but
one building Of the first class) under
way. v
Kome Construction Keeps Up.
Looking then at the sharp decline In
the amount of heavy construction In
Portland la Is easy to understand why
there Is a falling off in the number of
, sales In the business district as com
pared with the early months of 1907.
Pursuing the analogy still further It Is
seen that the decline In the building
recora in l'oruana is entirely in what
may he called brick and -steel and concrete-
construction, the class of im
provements that is put on the highest
priced property. There Is no falling
on in residence ana iiat euuamr: in
fact there is a big increase In thij class
of construction over the total of a year
ago. Liaewise mere is no decline in
'the volume of residence property chang
ing hands, on the contrary, the Increase
In the volume of sales in this class of
realty in the past li months is nearly
as grea,t as the gain In dwelling house
construction In the Same period. The
dally record of realty sales and of build
ing permits affords ample and conclu
tve evidence of the correctnes of this
conclusion. .
Six months ago the realty market In
'Portland was characterised In thts de
tpartment of The Journal as a buyers'
market At that, time there -was a no
tlceable disposition on the part of own
ers to shade prioea in order to effect
'a sale and In some few Instances this
'was dona. But so many buyers ap
peared who were eager to take over
.anything resembling a bargain as to
check the tendency on the part of prop
erty owners to make concessions.
There Is no better proof that real
property is not excessively high in
. Portland than, this disposition of own-1
era to hold for the prices of 15 months
ago. All classes and characters . of
Portland realty are held as firmly now
as they were during the high-priced
?erlod In 1908 and IS 07. It Is true also
hat prices here ' have not been ad
vanced to any extent in the past' year.
' Vpward Moveemnt Moved.
Experienced and well Informed real
estate brokers and Investors look for
an upward movement in property soon
after the presidential election. This of
course is the usual expectation but there
seams abundant reason for looking for
an upward movement all along the line
after November. If this reasonable" ex-
f eotation comes true now is an Ideal
Ime to buy Portland -realty and this is
an ideal -buyers' market -There has not
been a peribd In the past eight years
so favorable for buyers as now. Any
person who has It in mind to secure a
home or a lot for a home inside : the
city limits of Portland or in any of itr
suburban districts will , hardly find a
better opportunity than right now. A
careful Inquiry and a little patience
will discover downright bargains, and
thts applies as well to business prop
erty. For there is no denying the fact
that much of the bustnes district area
la held at , figures much below its real
value. . i,; ..,..,
- Comparing the conditions obtaining
In Los Angeles with those in Portland
the following paragraph from the Los
I
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Z&T3?CPD KAL E I &H eST.
Angeles Tiroes of last Sunday gives an
Idea of how much better off this city is
than ls.the metropolis of southern Cal
ifornia: "There are perhaps in the city of Los
Angeles today more vacant premises of
a moderate character than In any pre
vious spring In 10 or 11 years. A good
many . of - these ...vacant premises: are
quite close to the business center, and
in the very best residence districts of
the city where rental property is to be
found. Between Third and Eighth
streets, from Flgueroa west to Elva
rado there are flats, cottages and two-
story nouses in very consioeraoio num
ber with a renUl agent's sign supon
hNo'such condition, as described In the
Times exists in Portland. On the con
trary It is almost impossible to find a
desirable cottage and rents are as high
here now as they have been at any time
in the past three or four years. JBy
way of illustrating the scarcity of liv
ing apartments for rent In Portland - a
.well known architect announced that he
would soon- begin the ereotion or a
four-series flat at .Sixth and Jackson
streets and before the -foundation of
the building had been completed he had
signed "contracts for the lease of all
four of the apartments. Anotherar
chitect who recently completed five cot
tages on a eoutn rorsjana eomer naa
rented them all .long before, they were
ready for oocupaney. : -v
The natural conclusion to be drawn
from a recital of these facts Is -that
Portland Is In excelelht condition viewed
from every standpoint and that when
compared with other Pacific coast cities
It Is found to be In much better shape
tnan any oi tnem. ; i ?
DUPLICATE VIENNA
Cincinnati Man Selects This
City as Most' Desirable :
Place for Eesidence.
Antone Hlmmelbauer, , a wealthy resi
dent of Cincinnati.- Ohio, and stock
holder In the tTHman Planning company
of Cincinnati,, has purchased a build
ing site on. Portland Heights and -will
erect a $15,000 home there within, the
next few months. The building Is to
be a' duplicate of the summer home of
Mr. Hlmmelbauer which' stands not far
HOME
PORTLAND
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iKY F."160W.
OVERTON 5T.
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from Vienna, Austria, and which Is
of a style of architecture altogether
,tt?nn frnm unvthlnv In Portland. A
picture of the building appears on this
page of The Journal.
Mr. Hlmmelbauer, who represents the
Ullman Distilling company on the Pa
cific coast, naa aeciaea to locate per
manently In Portland. His business in
terests on the coast have grown so
large as to make this step necessary.
For some time he has been hesitating
between Seattle and Portland as a place
to live and but recently aeciaea mat
this city possesses many advantages
la this respect, -
CLAIMS SHERIFF
CANNOT HOLD HORSES
. I ..II ' fP"--'' ' , .
L. T. Henderson has begun suit in
the circuit court against Sheriff Stev
ens to recover possession of the horses
and equipment of the Red Front stable
at 26 North Fifteenth street,which have
been attached by the sheriff under an
execution In the case of Charles Grain
against Henderson In the circuit court
in Lane county. The complaint places
the value or tne property at tz.&ou and
charges that the sheriff is unlawfully
withholding possession. Henderson asks
for the return of the property or its
money equivalent, ana . for $oo dam
ages in aaaiuon.
'-'OS
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SIXTEEN LOTS
Several good sales, of real estate were
concluded last week Involving sums of
mora, than $5,000. Next after the sale
to . the Centennial Investment of " the
east ' side Flat Iron building the most
important deal reported was ' the pur
chase by I. C. Sanford of two blocks In
Sullivan's addition. The ' property ex
tends from East Twenty-sixth to East
Twenty-eighth street and from Paalflo
street to Holladay avenue and was sold
by H. P. Palmer for . $18,000, which is
at the rate of $1,000 for each lot.
Another sale of considerable Import
ance was that of a house and lot -In
Strong's addition. In the upper Wash
lngton street district, which was pur
chased by William T. Gordon from
Stephen T. Dove, for $11,600.
I L Fitzgerald has closed a deal with
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ASJKVESTGRS
Centennial Investment Com
pany Purchases an In
come Property.
By far the most important transac
tion in real estate consummated during
tha past week was the purchase" by
the Centennial Investment company of
tha Flat Iron building at Williams ave
nue and Clackamas .street from J. J,
Ferbett. for $17,000. This building oc
cupies a valuable site on the Williams
avenue carllne and is a substantially
built two-story frame structure. The
lower floor is divided Into four store
rooms and the upper story contains
three six-room apartments. The total
return from rentals Is equal to 13 ner
cent on the cost of the property, which
makes a 10 per cent net investment.
Less than two years ago the building
was erected, since wnen it nas always
commanded rood tenants at satisfac
tory rates, iargeiy, on account or its ad
vantageous location both for business
and residence purposes.
The Centennial Investment company
was ors-anlsed about two years aa-o bv
a 'number of newspapermen for the pur
pose or arioroing an opportunity to us
stockholders to Invest their monthly
savings in income : paying real estate.
The officers are L. K. Hoda-ea nreal.
dent; Amanda Otto, secretary,, and the
roiiowmg , ooara . oi directors: u. U.
Lister, 8. B. Vincent, A. C. Phelps, V.
N. Hounsell, N. J. Levinson and J. L.
WalMn. - The list of stockholders Is
largely made up of employes of the
three daily v papers In the city young
men who realize that Portland ! grow
ing faster than any" other-city on the
Kaciiio coasi. ana ipat tana values nere
were much too low;
The company- has already made sev
eral fortunate Investments and la addi
tion to declaring a dividend,' has set
aside a comfortable sum to the surplus
account. Another dividend will be de
clared June 1 out of tha earnings of the
past year. It recently sold to Herman
Vetter tha ? property at 789 and 7$l
Williams avenue. for $9,000. realising
a handsome profit on the" deal.
The capital stooa or tne company la
divided into 600- shares of the par value
of $100 each It has about $18,000 in
vested in real - estate and from stock
payments, rentals - and Interest has a
monthly income of over $600.
.. Klamath Conntr Graduates.
(Sperial Pixpatcb : tn Tb Juorul.)
Klamath- county high school will gradu
ate tne largest ciaas in its nistory mis
spring, J 12 in number nine girls and
tnree ooys. xno commencement exer
cises will begin May SI with the bacca
laureate sermon, and end June s with
the alumni banauet. The graduates are
Rachel Applegate, Lena Barnum, Maude
Nail, Alex Martin Ml: Kerry jLe i,ap,
Winifred Wlthtow, Mlnale Barnum,
Chandler McCauley. Fanny Virgil. Faye
Ifogue and Lillian Arnett.
f A V '
NEWSPAPER
AT A THOUSAND
Will H. See for the north .half of-lots
1- and . M, block '17, John Irving' s
First addition.' located on the southwest
corner of East Twenty-fourth and Til
lamook streets. ' The .property was sold
for $8,500.
A. D. Cleveland has purchased from
L. Swett a three-acre tract In the Oil
ham I. L. CX. fronting the Base Line
road; consideration $8,000.
John M. - A. Laue has sold to Fred
Hoffman a fractional lot occupied by
a two-story frame .building, on East
Ash, between East Eleventh - and East
Twelfth streets; consideration $4, 608.
Another s transfer involving $4,600,
closed last week, was the purchase by
Katie Fitzsribbon of an Irregularly
shaped fractional lot on Clay street, be
tween Twelfth and Thirteenth streets.
The northeast corner of East Seventh
"USSO..
t 1 6
El OEEICERS OF
CITY EPVORTH LEAGUE
Portland District Wants
No Changes in the Metho
dist Discipline.
' The first annual meeting of the
Portland district of tha Epworth
league practically concluded Its work
yesterday, when officers were elected
and Sellwood chosen as the place for
the next meeting, In May, 1909. At 8
o'clock this "afternoon a rally will be
held at the University Park Methodist
episcopal cnurcn. wnen T. tr. juciianiei
will speak and Dr. T. B. Ford will ad
minister the sacrament. At the rrtRht
service at the same place Dr. Ford will
preach, i
At the business meeting yesterday
the officers elected were: W. H. War
ren of Sunnyslde chapel, president; Pro
fessor Norman C. Thorn of the First
M. B. church chapter, first vice-president;
C. A. Hume of Sellwood chapter,
second vice-president; Mrs. Lena Sweet
land of Laurel wood chapter, third vlce-i
president; Homer Moris of Centenary i
. I.-,-
Proposed
DOLLARS A LOT
and-East Everett streets, 60x100 feet,
has been sold to John F, Kerrigan for
13,500.,..! , .U.Jyi... ,
Ellis L. Cooper has purchased, from
C. J. Crosby a house and lot on Com
mercial street, between Skldmore and
Mason streets; consideration $3,500,
The house and lot at . the northeast
corner of Pretty man avenue and East
Salmon street has-been sold by C. T.
Steinleln to Bertha Taylor for $1,500.
Mrs. Lulu B. Conser has purchased
from W. - M. Killingsworth a quarter
block In Walnut park, at a consideration
of $2,600.
Joseph T. Peters has purchased from
Hubbard Taplor an undivided one half
interest in a tract of land at the inter
section of Hawthorne avenue and East
Thirty-fourth street; consideration $10,-
000. . :
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KEAIDCTCB OP
NO HOTEL PLANNED
FOR OPTIONED LAND
C. K. Henry So States Re
garding Block Between
Conch and Davis.
A block between Seventeenth and
Eighteenth, Couch and Davis streets.
which was reported to have been pur
chased for a. hotel site, is optioned for
an entirely different purpose, accord
ing to a statement made last night by
C. K. Henry on his return from a New
Tork trip.
"I am not yet free to say what Is
being considered for this site, but It
Is not a hotel nor a sanitarium,' he
said. "I have understood that there
Is another project on foot for s hotel,
and I do not wish to have our deal In
terfere with it even by rumor.'
Mr. Henry visited Philadelphia, Bos
ton. New Tork. Chicago Jnnd 6t Paul.
He went to Philadelphia as an ap
praiser in the transfer of Important
property and spent several days In
court, after which he proceeded to New
Tork and other cities on business. He
found conditions steadily Improving in
the east and is much encouraged at the
prospects for interesting eastern cap-
iu m .ruruunu.
"We have the climate, the best coun
try on earth, and conditions are rlirht
nere ror tremendous commercial growth.
We lack people and money," he said.
"These two elements must . be drawn
rrom tne east, and we must devise
ways and means of getting more of
mem tnan we nave Deen getting. It
Is absolutely necessary for Oregon to
secure Immigration and capital. I
found In the east a favorable feeling
toward Oregon and am very hopeful
that parties who have been interested
In matters that I had In hand will do
some large things along the line of
Portland investments."
chapter, fourth vice-president; T. J.
Mulheron of Patton chapter, correspond
ing secretary; W. M. Owen of Mount
Tabor chapter, recording secretary; F.
F. Godfrey of Seaside chapter, treasur
er; Mrs. Stella H. Burt of Sunnyslde
chapter, superintendent of , junior
leagues: Rev. W. B. Hollingshesd, Rov
Glass of University Park and Victoria
Boleen of the First Swedish church,
trustees.
The convention voted that a telegram
be sent to the general conference of
the Methodist church in Baltimore, re
questing that no changes be made re
laxing the present rules rearardlnc
amusements.
It's a toss up between a hen In a duck
fiond, a fish out or water, and a woman
n politics.
1
Portland Heights RiJence of ntoa
i : . jam?
i
UlIORiJ OF Ml
1
Stored Away on Warship So
She Coma lie .Near Sailor
She Loved: ,
(United Press Lstsed Wire.).
Vallejo, Cat, May 23. Olga Isile. the
18-year-old girl v who, , attired In a
Jackie's" uniform, v rodo from San
Pedro to Santa Cms as a stowaway
upon the torpedo boat destroyer Hop
kins, still Is In the custody of the police
to whom she Is reluctantly relating the
details of her strange escapade.
. While the police are questioning her.
naval officers are discussing plana for
a searching investigation of the case.
The authorities today learned additional
lacts concerning the love airair tnai
lies at the bottom- of the girl's escapade.
It develops that her love for J. J.
Hzyiewski, a young sailor upon the
torpedo boat destroyer u ruxion, tea ner
to make the remarkable trip. Although;
the blueiacket repeated his promise to
day that he would marry the girl on
tus next pay cay, tne pians ror tne wea-.
ding are not expected to be carried out.
as Olga will be taken to Ban Francisco ,
this afternoon, where she says her
aunt resides in the Mission district.-
8 he says that soon after una ran away
from her home in Los Angeles she was
provided with a sailor's uniform. 8h
and the sailor planned to stow her away
On the Truxton, but failed. She was
then put on the Hopkins without at
tracting the attention of the eftlcers.
Fearlns that she would be detected.
Olga begged to be taken ashore when
the torpedo fleet reached .Santa Crus
on its way up the coast. She said her
sailor lover gave ner money wun wmcii
to pay her fare to San Francisco, from
which city she went to Vallejo to meet
the sailor, whom she expected to marry.
Bzyxewskl paid her expenses in a noara-lng-house,
and the couple was waiting
for pay day to roll around, when the
police pounced upon ber on the wharf. .
her father managed a plantation, Olga
nas Deen living wun ner auni, mr.
Hubert, In Los Angeles. If her other
aunt is not located in San Francisco,
the authorities probably will send the
girl back to Los Angeles.
BOARD OF GOVERNORS
Noonday Meeting of Com
mercial Club Tomorrow; :
Will Be Important,
Tomorrow's noonday meeting of. the
board of governors of tha Portland Com
mercial club will be the last meeting In
May. All applications for membership
bearing May date will be held over for
consideration at the board's first regu
lar meeting In June. .
A large amount of business will
nm fin trnnfirrnv. ttu ttlA llOSrA'S last
weekly meeting was adjourned a week
on account oi tne opening aais oi mt
new club quarters. ' It Is expected that
there will be a full attendaaoe -of the
board tomorrow. " l
The national council of the Knights
and Ladles of Security, with head
quarters at Topeka, has been extended
a most cordial invitation by the com
mercial bodies of Portland to hold their
1909 convention in this city. President
W. B. Ktrkpatrlck, of the oounoil, has
acknowledged the Invitation, which the
council's officers will consider la the
usual way.- -v
The Tacoma Commercial club. Just
organised, opened its rooms yesterday
with 810 members. The president is
John T. Bibb, and the secretary Is O. .
F. Cosper. Thev are investigating the
methods of running tha Portland Com--1
mercial club, Laiuaii
DEB OF 1'IOLVEilE
STATE PLAfi BAF.QUET
Will Celebrate AnniYersary
of Wisconsin's Admission
10 IUU UU1UU. .
The annual meeting of the Wisconsin'
Society of Oregon will be held Friday
evening, May 29, at tha Woodmen of
the World temple. 128 Eleventh street,
at 7:30 p. m. May 29 Is the anniver
sary of the admission of Wisconsin
to the Union, and it is expected that
all Wisconsin oeoDle now llvinar In
Oregon will be present. 4
a Danquet win oe served, with dan
cing later, and the- following will be
the responses to the ' toasta All re
sponses will be limited so that the pro
gram will be relatively ; short. Tha
program Is as1 follows;
Tnufltm.itAr. naiitnr stf t V. a lfl.nnn
sin society. Louis B. Reed. "The New
Wisconsin Society,', W. W. Williams;
"Wisconsin, May 29, 1848." H. M. Es
terly; "University of Wisconsin, Jamen
B. Kerr; "The Badger In Oregon," H.
L. Powers; "Wisconsin as a Lumbr
State,' F. C Knapp; "Hon. John O. "
Spooner," R. A. Sullivan; "Wisconsin
and Oregon," John B. Cleland; "For
ward," John K. Kellock; "Hon. Robert
M. La Foilette," J. O. Storey; "Pub
lic Service Corporations In Wisconsin,"
H. S. Rowe; "Wisconsin Today," John .
Manning.
Hit.'1
GIRL ELOPES
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BUSK