The Oregon daily journal. (Portland, Or.) 1902-1972, September 20, 1908, Image 22

The Oregon daily journal., September 20, 1908, Page 22, Image 22

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL. PORTLAND, SUNDAY MORNING, SEPTEMBER 20. j003. Hffes"ruJL . l i l..1 ibl..'.., mexsssassffS'J-i i - tjMefg- i .j . .. n. !itgi 0 THE', REALTY MARMT. WITNESSES HEAVY BUYING PENINSULA LOTS EAGERLY SOUGHT BY INVESTORS J . ' 1 - - . n-i-Ji Operations of Packing Plants and Completion of North Bank Stimulates Activity Pay-Rolls Arc larger and Property Transactions Arc Heavier Than at Any Time During the Past eighteen Months-Demand for Houses. ; t Without ths least effort, we ar eell inr considerably nor property and at 15 per cent better prioM at University Park and Northern Hill wan was cast 11 to XJ months ago." said Francis J. McKenna, while speaking of tha con dition of th realty market on tns peninsula.--- , ;-' -- Vs' -"While this condition U general, tha dallv records showing a, larger- and healthier movement In ralestaU than tor IS month past; there ara local In fluences affecting tha whols penlnaula territory that give to tha real market thera an unusually healthy ana active tone. Nearly every concern on .i.. ...! .mnlnlrtnr Moor nu a larger payroll than ever before. The heavy building operations under way at the Swift packing plant; i the .completion of the North Bank road, with It. two big steel bridge across the Columbia and Willamette rivers, and the cer tainty that Harrlman jwrill bore the pro posed rauroaa tunnei nu Troutdale extension, have all conttlD- uted In a large measure to creating a strong demand ror peninsula, prujmiij. t; , Ww Project launched. " "The most recent development In that , district, which has Influenced the realty market, was tha announcement that the Kenwood Townsite company a Swift corporation, had tha contract for the erection of 200 substantial dwellings for the occupancy of the packing plant em ployes. This was additional proof, If any wera needed, that ine peninauia to Decomo m cuki . : r In the Paciflo northwest of tha livestock and fresh meat business. , " "One of the principal troubles that we have to" contend with on the penin sula," continued Mr. McKenna, Ms find ing dwellings for tha. new people that . are coming there. I could dispose of 100 dwellings, If I had them, In the next 0 daye. - Large numbers -Of peo ple who hava found employment on tne peninsula In the past few weeks wera forced to find residence accommodations in Portland and travel to and from their business and work. Owners of .unim proved lots, anywhere between the car bams and St Johns, would find It a good paying investment to improve - their holdings by erecting; .. neat, substantial cottages." - tVi',""' : ;'-' ' nthar considerable holders of penln- aula. Drooerty report a better demand Smith Flats, East Sixth, Between . Multnomah and Wasco Street. ' ; corner" may mean1 the. investment' of a quarter of a million dollars in a 10 story business house, that la not. to b com pared in benefit to the community with th investment of tha same sum In pri vate homes. The largest - single transaction ' re ported last week was that of 300 fast on the west side of Grand avenue, be tween Oregon and. Pacific streets, for 113.000. This Is known u the William Reldt property, and la occupied by five uuuuis iiats ana one two story aweumg, all comparatively new improvements. The nroDertv wa nurohajuwi hv n Pali. fornia capitalist,' and was sold through the agency of Wakefield-Fries, At pres ent it pays about per cent on the pur chase price. It Is regarded as one. of the best buys of the month. I Another good sixed deal In east side realty was tha purchase by C. L Bur ton of tha auarter hlitck m t th nnrih. SSiraSU' fpo. tIi. WS Costly Building Improve improved noiaing, ana was sold by Jul ian La Boy. J. A. Herdman has sold to Elisabeth Bigraan a handsome residence occupy- m teet on uast mxteentn street, between Knott nil stantnn JOOO" Th consideration Involved was bade the handsome new home at rtia M n to extension of J ' i a. . i ... ii y'&w'f? M- , . 1 ' ',' SPEND $1 00,000 ON KING STREET ments Under Way In Resi dence District. . ' Improvements valued at over 1100.000 northeast corner of Eaat Twelfth and h,bi inyior streets lor 112,600. This King street north from Washington reV'thVrn'o recenuy bdlvld Into building iota, ail 01 , wnicn nave Men sold - to prospective builders of apartment houses and flats. Plans hava already been drawn for tha erection of two vioirfcup over tns Willamette. John Paner has purchased from Ger trude P. Mf.Klr a hnna an nt - East . Twentieth, between Brasee and xuumpson streets,, consideration- J6.000, ' Bays Washing-ton County rarm. Aiiurncx jonn x. wnaney closed modern brick' apartment houses, each to be tnrea stones mgn, on tna 100 fet at the northeast corner of King and Wash ington streets.. These buildings will I ,0! wek with Grant Holcomb for! cost about v$30,000 each, and will ba In ?- i? 1 'Washington . county farm every particular modern, up-to-date vi vaa.uuu. iiin iiruiienT jiisbi innnr 1 i TiiriiAaf miles west of Portland, and will proba-1 Tha corner it is owned bv A. 8. . lJi8-onTrte., Dy Mr. WhaUey Into Ellis, who ls now having tha exoavation v?oi W-J?0,1?1-.. . , . Imade and will begin work on his bulld iLeicnoir JChrlI hftji rTiinij .1.. .... mv. i mirhl. "r-erins, norm or tnis is owned Dy rans Bros., ?y)hw.efh,r0"; Portland, for which h who are preparinsr to build a re-lnforce3 lon.S ty nJr concrete apartment hquse, three stories lonJ t&Hf?t3C.M.Tlmnl"- . f high on the site. On tha-next lot a fZS5 :ii"K?uw M Pur- double frame flat will be erected at once ouwtM it th. .:.(i,....prn DV J- Toung,and on the southeast ot EastWK'm.r?.th AmL" corner of Dvia and King : streets, ad- stroits eoniderlt ,TlIlamook lolning the Young lot. o" A. Anderson "r c?n?.LdeHTO M.-900.- has commenced excavating for a four- Aivurn nH.ai sin in t nraa vn a j i Jthe few '"Mrlri A"' were soiaiof . (iuhl at w. WW, wvv. 1. 11 0 BlunB 1 . vw.wvv, lllO pam Aiaoei u. .Hurley ror has begun the erection on the southwest cor ner of King; and Davis streets 'lust across ung street xrom tna Anderson now .fr.aU clae of Property K thf t -rl-w8 district man nu nwu ' , I auarter of hlonk OX mnA , I irom m Anasraon months or two years. - Holbrook, JtI -aid 12 600 for trt.,f ZV?C building. To the south of the Hall site who is heavily Interested at St Johns ft". la z'600 xor u"tr of block lu a 1(?t owned by George C. Moser, who and elsewhere on tna paninsuw, "P"r." r George Ainslle has sold to Mrs. 'Anna the sale of a large number of .lots In a Mltchel two lots at the northwest ms aaamuii 111 1 "" ".ii. r,1Br l .cast -i woirtn and Thompson Peninsula realty this fall and winter is j. a. Curry has sold to W. 8. Turner more than promising. - I am selling lots 1 four i0t in Council Crest Park for at Et t. Jonm every u; n f J.iou. ter prices than has ever been paid fori Stephen Richards has sold tov Jerome that class of property. There is no stag-1 Brizzolarl a house and lot In City View nation anywuero on jiowhou-. r I wiioiuoianun y.ouu, . ..... a. M s I A VAfiflRt lnt An XTlsislsislnf ,Th.cod"t.oidescribedia. on.ine. ?r,r"ix r.. ETi'' M w a. nnk City Park property is In almost as '"f I Mrs. Bessie Bache has purchased from demana as 11 w i rauum, , rnui oiram tnrea lots in Strain's addi- t hat residence woiiion wm nr. v"- vu 1 uon. consideration ..Z60. the market, in tne numerous "jiar.iivo will soon beeln the erection of a dou ble flat there. The next: lot to tha south is owned by 4. D. Hawes, who has ordered plans for a large frame flat which ho is to put up there. M. Mathlesen. who at one time owned the entire Spalding tract, now owns the ouarterblock at the northwest corner of lung and wasmngton streets, which Intends holding as a permanent Invest ment, and on which he will erect a Handsome apartment during the next year. . First annual Paciflo National T.lvn- stock Show and races,' Sept. II, 12, 23, 24. 26. 26.. at the Portland Country Club grounds.-:, ku ..4 'i im,ji , I I I if r - i - ... s 7 ' 1 . ' ,"8. "v. 3 ft S 1 1 K ! 1? McNamee Flats, Oregon Street and Grand Avenue. V . . fTHliif ON KIII6 STREET New Flat at Paciflo and Grand Ave nue. JURY MAKES SHORT WORK OF EFFORT TO BLOCK FILL BUYS TRACT TO ERECT HOUSES A distinct victory for permanent Im provements was won last Wednesday when a jury. In tha circuit court re turned a verdict ; In favor of the city, thus, deciding against two : prominent property owners who have been eon test ing an assessment for the past .four years. ' " " -.-,.'..' !:- :; 1 During tha four" days tha trial was In progress a great mass of . testimony was laid before tha jury, but through tracts In the vicinity of Rose City Park something ls doing vc.Jn'nutei1, Elmhurst, the new addition Joining tha country ciuo on ine put on tna maraei mre -proved to be one of themost P0P"J residence additions in the Rose City Park district, over &u lots nave ajroauy been sold In this tract, on a largo num ber of which new residences are to be erected as soon as ths owners can get the plans drawn and tha contracts jet. Floyd I. Campbell and F. E. Hilton are preparing to build homes there that will coat $3,600 to $4,000. ' Hortman A Thompson, managers of the Rose City Para tract, report h great aetivity .In that high-class residence sec tion aa when u was nrs vpeoN. n tha mnnth- of AurUSt 10 lots WSrS SOld In Rose City Park, and from September 1 to 17, 41 were aupona ot m muj inatancea. the transactions being for cash. A number of handsome homes are going up In Rose City Park, and nearly every architect In tha city has orders for clans of buildings to be erected In that district. A noticeable feature In connection in, th riwMit nurchasea of suburban residence lots Is the large number of ' cash transactions, rormany neanj an such sales were on the Installment plan, but addition owners almost without ex ception report a large increase In tha number of cash buyers. This means a heavy Increase la the number of new ruburban homes, since It ls a well i known fact that when a purchaser pays all cash for a residence lot it almost Invariably means the early building of a new residence, Week Hakes Beoord. PACIFIC PAPER COMPANY'S NEW BUILDING 7 .AT FOURTH AND ANKENY STREETS Durlnr the wek Just closed a laraei mount of residence property, embracing all sections of tha city, baa changed hanria " thaa for many weeks passed. Dealers In realty look upon heavy trans actions in resiaence propwny as m in trgs sales of h While tha sals of a Washington street ter Indication of returning prosperity thaa larra sale of high prloed business prtpny. IMPOSSIBLE TO KEEP SKY SCRAPERS . ... - - i , - ' v t "ji it -j. H". "Ha aommlssloA appointad abovt a I . year ago te lavastlgata high building I la Kew Tork city, and particularly ea Uaahattasi Island, has submitted a re port la which It points out ba Impoeat- i-iiUy at holding tba Ml rut r Duuaiags (loo te tna present public fire protae- iion arvir trrr it is arruaa. tnai wmild limit buiidLcgs t about 1M faol la he rht. Tha twt rosrM n th's rpact. It Is wftM, la the l oJlmlBatton or tow o. i butidtrga, a ba aurriajited tt in a iii af tt. troa car vsnctv. It t!n t ba aipcl4 tha-t provl1ns 4 b s4e la the ltrat of titht ar ty mrlri :n- tori T--r. er m:;ainr t' a arxrra rTTo s rtt tr.at a itaKt r rt I'afct u!4 b adaalttd te the ft t- . . irnm ,m zm em-m: m wt..& " " aasBwa-ssiSaSgja Ta new Vutldlag trt tha PacIBe paar t ; - 1 fit r; . 1t full stories with it-foot cotere rompaey under const ructia at reartlH basmi tba sidewalk to ba czfaratad sad Atiketty strevta U1 ba one af the n4 !, bv - m tha (i y ll la ti ba of ta -t.am n r. i m ttrrtss tixa. Tun aa to ba a.a aa roarta a-roet front. The Brat and l nr ara t i -aJ!r1, ' h i-r-at! rcfirf tNa airvo ' rrJ h'(Vn Iktl too r- ii.ary nfiwjrtW.ti. la tba taae fnt wfl ba Install a stam-btlTg plant, and tha on t Ira atreotura Is to ba e-quirr-od wlta tba tnt modem aad ap-r-rovod fir protortinn ofnkng ajro tm. Two io-tn? leTaKn-a ar ito l li'CH Tba b""!(1irs lll feV oit p'Otoj ae4 ra(!r IT efiriri-T r raary 1. and 1 et abcut i;8.ft. Mra J. H. Fox has purchased a. block H all the lurors saw one thing plainly I n 7 int. in nntrin Hnirhti i new and unmistakably that the fill on low-1 residence addition situated Just beyond er . East . Washington street had long tha Country club (rounds. Tha average been needed, that It had been made, I Drive of tha lota was 1240. maklnr the that It had added largely to tha value total consideration about $6,800. It Is of the property at once, and that two understood that the purchaser Intends P'opertr owners hadj -declined to pay erecUng on the property a dosen or iw weir Biiai w tin, iiuiu,b'm- ""i mora cottages. to themselves It did not take the Jurors I uiin X. ui,fM, Mrrf:.tK. i long, to declda. that the. assessment fof 18 jot- , in irVngton. .all located Terdiot Batnrned Qulokly. Tha nlaintlff In the case was the city I of Portland while the defendants were! C. w. Nottingham ana josepn jraquei. i Mr. Nottlnirham owns two lots affected! by tha assessment, while Mr. Paquet was I given as the owner of two half lots.. Thai sum charged to Mr. Nottingham was I $2,881.66. while the amount assessed . Preliminary arrangements hava been completed for ths erection of four new and handsome apartment houses in ths vicinity of tha Intersection of King and Washington - streets,,; plans for which ara now being drawn. But one of them has a Washington street frontage yet none of them Is more than a block from tha others. "i ? The first of these buildings to be erected, for which tha excavation a now being made, ls at the northeast corner of King and Washington streets by A. 8. Ellis, who recently purchased the site. It is to be a th rea-atnrv brick-veneered building, and will con tain about 16 apartments of from three to six rooms each. Tha approxlmat cost of this ' Improvement is put at $20,000. - W. Li. Morgan and associates are nre- parlng to erect a four-story, brlck-ve-neered apartment on the lot Just north of tha Spencer apartment on - King street : This building will contain $3 three-room apartments and will cost about $40,000. : It ls to be veneered with cement brick, manufactured ...at SU... Johns. .'.,..:'.-.,,..-Adlolnlns ths site of tha cronosed Morgan apartment house and facing St. (jiair street,, n. neynowi win soon begin the erection, of a : three-story frame apartment house, which will con tain six six-room apartments and two others of three rooms each. This build Ing will cost about $16,000. On tha lot immediately north of ' the EUls apartment, at the northeast cor ner, of King and Washington streets, tha excavation Is under - way for an other three-story brick apartment, which will cost about $20,000.- - - v between East Seventh and Kast Thir teenth streets. The property was pur chased by a number of different buyers. The total consideration was a little over $1.000. Devlin Flrebaugh have "concluded the sals of a lot and six-room resi dence' In' Murrav Hill addition to Mrs. Clara D. Brown for $4,600. Tha urop- erty formerly belonged to w. M. Rew ard. The same firm has sold to 8. M. Beard, formerly president of -ank In Vancouver,' Wash, a house and lot in Irvlngton for $6,000. Mrs. Lida C. Wlghtman was tha .former owner, REALTY FIRM ENTERTAINS ITS MANY EMPLOYES AT BANQUET aealnst tha Paquet property , was -- 1B4.US. ' Tha red room of the Portland hotel "f th dozen and mora nronerty -own ers -affected, all but Messra Netting- '""'u, vl ham and Paquet had either paid their presented an animated appearanea last assessments at- tha time of tha levy evening when 40 employes of tha com- vj.raenfgr;r th? pro- v. City Atwmey Kavanaugn suDmittea i uuuw ivu uj ui one form of verdict for the Jury to sign I Jacobs-Stlna company to Its employes, 7nLJt-,?lZr..ll' .tfeSL.0-' ..A SPSCIrt menuws. preparM under ii rr .. -llna eurection or a. u. uowers. xwo h, inr. V.rnJ.n;v: lou" wer passed In eating and In in- Sii L01?.. ' -?!n5?,tf formal conversation, after which Mr. Toun Ln J rmrr h r n iw J,oob made an address reviewing th ZZlS,vTl,?"J r .i.8- w I years' work In which he stated that the Cowan, Tjacob'ttlnVi ApaVh.' B. a S'Vhe'lr offlfnfortnd warTSva? Richardson, B. H. ciayton, O. b1 CUrk. mo ooo "lceVln PorUan(l wera over ?'rii.aj2!!i-v.l-- ---i- Hi called special attention to the a Jury composed of average citizens of """.PT"nn TVr.7 Portland Is disnosed to stand by the P?r2(:?,n!L 5JnP1?ti" n. B",e c'e" city officials in ordering an Improve- VSLrVtSf "SniH i ?Sl..a in mant. th.. h. 2 tnt ,..,-1 ami noted th rapid Increase In values surface pavement ovw a large district. gdHtSJAti or a aewer to rirain , urilon tha I Improvements In Bell Crest and in olty. j -.. .'-j It shows that tha anlrlt nf nrnrmn snd Improvement is so thoroughly In stilled into tha minds of ths average cltisen that he Is not inclined to allow a property ownr to evad an assess ment when than hn bn nn nutation oi in necessity or tna improvement. - After rears of persistent effort on th " i i v..';: i-; .'"i.'-v Hyde Park would represent an outlay of $126,000. v At tn conclusion of Mr. Jacobs re marks Tom Richardson Of tha Commer cial .club congratulated Portland upon havlna; such a progressive firm' to help develop such beauty , spots aa Belle. Crest, Hyde Park and the other Jacobs 8 tine properties. . Short addresses wera also made by J. R. Shepard of Salera and Mr. White, the new sales manager, who has recent ly moved to Portland from the eaat to assume charg of th sales force. Those present wr: . - Messrs. Dag- fett HlUls, Jenks. Hoggatt. Murray, orden. Booths, Bkldmore.. Floyd Bllyeu, C H. Bllyeu, Power, Hubbard, Shepard, Holder, Lang, Hart. Parberry, Tenbaum, Barber, Jones, Long, Cough lan, Blgnlml, White, Lennon. Marthello. Jacobs, Head. Lesser, Tom Richardson, Bhrock, Wood ruff. Fish. Kaenev. Dlnwiddia Hurlburt. Harrison.- - w, . . part of a comparative few more enter-1 prising than tbelr net ah bora the feel-1 Ing that the material Improvements the! INTERNATIONAL CONVENTION WILL HAVE NO PORTLAND DELEGATES city needs must ba made and that and The' work "V "tB "for ln reprented at the Int.rnatlonal conyen "Why Is It that Portland ls not to b provements ls bearing fruit. Big Tataas o Basult. tlon which has been called by th French government to meet In Paris, October .10, for the purpose of dlscuss- Thts bla earth fill of Eaat Waahlno. p iYvziz.iv&r: rj" - tahod' ww armuia wuicn is oastinoo. some ar i yamwHi n to become one of the highest-prloed dls-l0n of PortUnd's foremost dtlsens. a mkii aii ai.ira city. One resident of tha ut ,M, vtm seen aast t'oruand grow from a scat- term town mat trlml tn minirt Ita own affairs regardless of the larger elty across the Willamette to Its pres- man, who for ton rears ha a been aa ear east advocate ot mora ana patter paving for this city. "Seattle, whore 1( Is expended In atraat Improvement to $1 la this city. Is roater sending three delegates to the Pari ?.- I MBTMitlen. and I doubt vary much If own are In delay-1 the question of having poruand repre mSyovementa. I snt4 there, has evar eva bean dls enxlnaor of So-1 cussed. This la a serious mistake on ont boaltlOB aa a titm tmftnr Im Portland, speaks very plainly on iran ot waanw DroueriT awn ingtne payment lor im TTiomaon. tha cltv atue, came very Boar tb mark whan I tha mi b said it was a wonder Portland has I thortlles In the world on at root-paving any honoet contract ore at all. Whon h, ( njjnikir.( wiil assemble at that uur'wu tne rroporty owners' moettng I ronvonuoo, and tae Bnowioage mat a hr In Jun ho wa outspoken In do-1 capable man might gain there wtrold b inaodlng that for th rood of any tftv0f inestimable value to this city for won o i or mil city must r I .Mra l coma. aid Tor promptly. A contractor wants!' or authorltlea both state and m- - Jl. I t J". 5 jramod It, Im! ,clptli ao t am te realise that this property owners still In thla elty i te tuav it. a escred duty to and If we are te live te se th Port coyest every assosamont made en their w, know Vi.l cim wo moots t wait P'Eowr-lS this city eyy gofng't. gwt ' "a'-J ahoad If po wtk of this r'tar tol Bbwmld Bear Barawa. paid fort If everybody should flrht tn Nottlnshsm "Thea rentlemao, Mr. MMatnesli vttat would Ke dona? We land Mr. faauot ond'Hibtoly thought ! a rood site for a bio oito vn 1 1 h. wra la the rl k t whoa they do- wlth far las work te be dna la r-rllr4 te mt the aaaoaamont. bat I movtnr Teturl ohatacloo than hava I think fiy aa v;i aa errv ethor pror tnany pt?or rlttoa. t,t the men wholartr owner ohoeH b wlillrs t etrotrk out Prt'arxt imt In about all h a wtr In a mm like tfcla. I f ororrbrnf t "eta Iher coold. an5 thoaa ninit Klwnrka lir,thr that low arnund roo' tro ar to ha br1.pd I In, on itrna aril tV.o rl-r wiil t Im- I riij, iTrrm are wrs ti r- rig! f "ei o trat C'ln fT I "is pi nd thero ar a f-w n"; tt y-it I f. a'a :i . a ilea t th ;- ai- foTi down. TSea tMrra tnert ba icele ef tv.e c!ir." , is an era of road-making, and that dur ing tba next ten rears -millions of dol Iarswlll be expended In paving streets and macadamizing roads In. this city and tut." Delegates will attend this convention from all parts of Europe and America, The American representatives have much te lesura from the European dele gates, especially from those represent ing Germany and France, where road building; Is far In advance of the work In the United States. One of the objects of th convention Is to formulate a uniform method of measuring the amount of traffle oa rood la the principal cities of the world te ascertain th percentage ef deterioration. This Information will enable the eo glneere of th world to formulate a simple rule by which the economic value af different type of pavement can be determined. The laltod gtates rovemmont. throurh Ira food roada division ef the department of agriculture, bas been building eampl road. Tb Fronchi rorornnirBt has aiae been eondurtlns; experiments aaar I "aria The result c f thoo xperlBints whi oe given te tha world at th Paris convention. The dost roc tire effect ef the Ing automobile traffic en t! roads cf Kurope has ajwnaod the ecstnoers t the ncMlty of using soma.ottr type of pavomont er to nee a kind tbatwi boat withstand tb waarta- effect of the rebbor ura a it baa booa et aarvi I by ovports that the rubber tlte pUf sp the ftne pertk-loa that it ew tb ir fac of th peremont a-d acattor tbta) tn th wina. Tb r)!t l.aa h n that hi the re 1 wr ab! t to t tt-s tiroa f.f fi, t-e eit-tt. i m baa tcorr,o a - t r4 tbsV tare Jorg la th in 'a ef Earcpe. V