The Oregon daily journal. (Portland, Or.) 1902-1972, October 25, 1908, Image 23

The Oregon daily journal., October 25, 1908, Page 23, Image 23

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING. OCTOBER . 25, 1003. 1 ." M- -- X . 1 -i. n. J.4- - ' - - J - J . -l. - H. 1 '. . J- L Jl H, , ! UJ , lL.m!TSmm 11111 I is . DEALS FOR' WEEK' NEARLY ALL IN . RESIDENCE; MOPERTI' 7 BUYING. IN SUBURBAN t ADDITIONS VERY ACTIVE Large Tract of Acreage on the Fenlnsuja Near St. Johns Changes Hands at Large dvance Over the Price Paid list January To Be Cut Up Into Town Lo'ts, . 1JA i - i-Y-ig - v . Aside from a 10,000 eale of Peninsula i acreage, activity In th local real etat market laat week waa confined ajmoe entirely to residence property. A num ; br of tranaaotlona In big h priced real v dence-iltoa war reported, but he heavy . bualneaa of the week waa confined to h1 auburban property, almoat every outald '-residence district coming In for a ebere .. oMha silos. '.' Buying In tha Iloao City Park dtatrlot waa specially active, a large number of altea having; been taken over by pro pective home buyer.. No let up In the Huylng movement In Peninsula property i la reported; on the contrary, addition owner report an unusually large vol iimi of buying throughout the whole , peninsula territory, ' The sal of the. Columbia Arms In ' veatment company to Si. X Uolbrook of J a laxga block of acreage ad a conalder- ably advanced price la tha first large j sal of that class of property to be , sav ia nviai iuuuiuii . . . Quick metarm om Money, ' The deal covers' a tract of about '.seventy-one aorea located at Smith , croaaing, on the 8t John oar line and i the Columbia boulevard, near Bt Johne, ',' the Haagly Junotlon. The land in quea . tlon la a portion of the 100-acre tract 1 which, waa purchaaed by the Columbia - Arms Investment company through W. 'i M. JUlllngaworth laat January for the jaum of b6,000. The company's profit amount to I26.000.- and It sUll retains v one-fourth of the acreage. The land - sold rune from the Oregon AWashing- ton railroad line that belts th Penlnfu f la on It way to the Swifts packing - plant, to the Bt Johne street car line, - and from Smith's crossing at Columbia boulevard 'to the Marengo addition, at Wall street. St Johns, on the west. The I aal I considered a significant one, a showing the Increasing values of real estat on the lower peninsula. The sale waa made by K. O. Brand. Saunders an Improved Jot in Montgom erv Parlr for tl.100. Mre. K. Illnn has aold to Patlenee A. Duf field a houae and lot on ine nortn weat corner of Commercial and' Failing atreeta. 1L T. Hudson has purchased a 8-fKt it Brunswick sold the property for M.I00. lot on ' thk northwe eenth and Raleigh corner of Elaht atreeta. Adolpb M. J. C Atneworth haa Durchased from Frank J. Clark a houae and lot on the eoutheast corner of t'nlon -avenue and Bralnard atreet; consideration S,000. . K. B. Currier haa aold to O. A. Rlggs a house and lot on Kaat Forty-fourth street, near East Harrison, for It, 700. Benjamin A. Towne haa purchaaed from Charlea Kadderly tOO feet of lot 7. tract "F." Overton Park: oonalderatlon M.000. : . v . . . to. f. usy nas cioaoa a atai tor aorea in John Rankin donation land claim, paying M.600 for ths tract. The property waa sold by Helen N. Woolery. c. L.. Ranks haa aold to John M. Ben. nett a part of the Stephen Johnaon dona tion iana ciaitn, in amount involved oe Ing 116.000, ,.... -, J; J Kv 1 I -it ' l 4 r ; J, Residence of. W. J. Van Schuyver, Twenty-fifth and Marshall. ROADS OF MULTNOMAH GIVEN HIGH PRAISE Chicago Visitor Taken Out in, Automobile by Ira F. Pow ers Says' No Better of Their Kind Exists in Any Part of the Entire United States. ' Mr. Holbrook Intends to cut the prop erty up into city lots, streets are to oe graded, water mains and sidewalks jut In, as is. being done In other suburban districts. Fessenden street, which ex tends along the south line of the prop erty for about aeven blocka, . on which - h R Jnhna ear now run 8. ia to be widened and paved, in conjunction with th property owners along the same ' nlgnway.' xne remenuen ouooi . tin hraminl nlllh of fit Johns iS ROW working: on the widening of this street from sixty feet to seventy zeet irora toe cut of the North Basic railroad to the Willamette river. -, Oood Besldano toptrty. . m m Unfjicn Vi TinrrhflRRH the hand' some residence property belonging to J a ' .wimim; nnii l.Vatpd at th north- west corner ot Bast Eighteenth and East Washington streets, for $8,600. f The lWrUand Trust Company of Ore gon has sold to Mrs. Alice F. Smith a residence occupying; iuu iwv ot,immi street, between East Seventeenth and 7Tbe' Improved property on the west side of Williams avenue, between Mason and Skldmore streets, which formerly belonged to jonn ttoin, una own pur chased by Mrs. Hattl E. Bogus for $6,600. . xviiiiotn r?.ln the realty operator. has closed a deal forone and a half lots on East Eleventh street, between Han cock and Tillamook. The property was formerly owned by T. M. Stark, and was aold for $6,000. runrva i Rnrtlutt has sold to Mra A. McQueen an Improved lot and one half on Wasco-street, between East Twenty-second and East Twenty-third streets: consiaorauon o,avu. I. A. Peters has purchased from F. C Riatig a 36 H by 68foot lot at the northeast corner of Tenth and.' Hall streets for $5,000. Property )a Johnson. chase of a House and lot on Johnson street, between Twenty-fourth and Twenty-fifth streets. E. F. Ferris sold the property, receiving for It $4,660. Seven lots In Colllnge Addition have , been purchased by H. B. Nobl from Adrian McCalfnan for $4,860. - . ' M. M. Deal has purchased from Albert Jul! en a house and lot on Oantenbeln street, between Skldmore and Mason rMata fnr 14.K00. Th. Yrnrv Ahera residence rropertv. on the southwest corner of East Tenth and Schuyler streets, has been pu h pad tiv v. C. Manchester for $4,860. Auarust Orone has purchased from v., Vn,. Hamilton, a house and frac tlonal lot on the southeast corner of East Beventn ana r.asi xiarriaon sireeu; consideration $6,000. . - - David L. Rich and associates have purchased the Improved property at the northeast corner of East Salmon and East Thirty-third streets rrom jaro.es m. Carpenter; consideration ,uu. Sales on th East Sid. Cloaaet & Devers have sold to Otto E: nrnoka the house and lot on the north east corner of East Salmon and East Twentieth streets lor ,uuu. H. H. Spauldlng has purchased from 8. W. Sawden the house and lot on the northwest corner of Kerby and Webster streets for $4,000. . George B. Waif haa closed a deal for four lots In block 8, Peninsular Addi tion. Th property formerly belonged Sto John B, Bulenschoen, and was sold for $8,600. Thomas W. Turner has sold to Lucy C. Woodward a 60 by 120-foot lot on Sixteenth street, between Jefferson and Maddlson streets: consideration $$,760, F. M. Or ah am has sold to -Clara I i That Multnomah county's public roads are among th very best In the' United States Is th statement of F. K. Hill Jr., of Chicago, coast representa tive of Haywood Brothers aV Wakefield, furniture manufacturers. Mr. Hill was out - over the . county last week In an automobile ride with I. F. Powers, the wen-Known f ortland furniture man. Trips were made over the principal roaas in me county, ana ir. mil was enthusiastic In praise of the county's nignways. "I know of no finer roads In the united states," said Mr. Hill, "and ex cept In portions of Massachusetts and California, I have never seen anything io equal mem. - "It is all the more surprising," con tinued Mr. Hill, "from the fact that in this part of Oregon; the soil Is easily cut tip and unimproVed country roads soon- become practically Impassable af ter the rains sat lot It shows that an enormous amount of money and time must hav been expended in bringing these roads UD to tbalr nrninnt ato to. efficiency. ' ; "The good roads campaign Is taking hold of the country generally. In my tremendous improve' ment In all parts of the country in, travels I find public highways. the The people are be- lnning to understand that It Pays to build good iroads. Multnovah county ia undoubtedly ' in the fore front of this movement Too much praise cannot be given your county officials for their action in setting An example to the rest of the atate In Intelligent road-making." Better Than City Streets. Mr. Powers, who accompanied Mr. Hill cn the trip, is also an ' enthusiast on the subject of good roads. "Too much praise cannot be given our coun ty courfsfor the faithful and Intelligent management of the roads department or the county government in th past few years." ssid Mr. Power. '"Th average resident of Portland, who rare ly gets out of the city limits, has no conception of the immense strides that has been made' in road-making in this county, even during the past two years, in almost, any direction rrom roruana tnere is a macadamized road extend. lng to the county line that is better tnan most or the streets in the city. had no Idea of the good work that had been done by tha county court along this line until I had occasion to go out over mo county last weeK. WILL SELL MILLS FARM . FOR WALNUT GROVES Within the past j few years It has been demonstrated Ithat growing wal nuts In Yamhill county Is the most John J. Haires haa concluded the pw-Juattv and most reliable of all uses for th soil. Yamhill - county walnuts are superior to those grown elsewhere, and they bring the highest market price. One of the latest and largest enter- rlses Is that promoted by a. E. Morgan, 'he comDanv of which he la Dresldent recently Durchased Oregon's moat nele- brated farm, which was established by Li. me some nine years ego and said he te wanted to n fruit trees and I advised him to plant had two acres Franquette and Mayette walnuts, which ne aid, as nis soli to nut culture. was well ad&Dted inesa trees are now Mills. Dresldent of the First Na tional bank, and for the past 18 years ownea ana improvea at great coat oy Charles S. Ladd of Ladd & Tilton. bankers, having taken first prizes at Bt. Louis and Lewia and Clark world Xalrs for best herd of cattle. This farm, containing about 1.100 acrea, Is now being cut up into five and 10-acr tracts for walnut planting, and the fact that a fine grove of about 26 acres in full bearing In the center of th place produces larger nuts and bet ter results generally than any grove on th faclllo coast, demonstrates tne whole tract to be exactly right for walnuts. Out of the heart of this magnificent plantation, Mr. Morgan nas sold iuu acres to the board of school trustees of th Erjlscooal church, as a site for a boarding school for boys, which means that the old Bishop Scott's academy will ba reestabllahexl nera on tnis love ly spot, and will have at least 60 acres In walnuts to provide an endowment fund. The Episcopal church has shown unusual wisdom by making such splen did provision for a school. Colonel Henry E. Dosch, In referring to th walnut Industry of Oregon, said In an a.rtldn rmhllnhed In the Pacific Homestead that his Earnest advice Is to nlant a. few walnut trees if It la and deglred to plant a grove. He aald: (To Illustrate: A.-mend caiiea upon eight years aid from th nut and yielded mis last i aii two tons or ime nuts wmcn ne soia in Portland to a grocer at 18 cents per pound, or tSCO per our!. i -j-nese trees win increase in pro- uuciiveneea irom year to year ana eventually make their owner Independ ent To further Illustrate: One tree near Aioany, is years old, produced $30 worth of good nuts; another Fran quette tree, now IS years old, near Brownsville, produced nearly eight uusuem oi jiuis, wnicn were sold lor $40. Many others are Just as product ive. These are samples of what wal nut trees will do on good and proper HUH. a Following? Is ah extract tnlr.n frnm the horticultural report on the state of uregon ror tne year i07. taar 190 "As stated In the berinnlns. there are now many small walnut groves In full bearing, which are as profitable ia me acre ana soon win do more so than any other horticultural curault even the famous apple. The trees are generally Healthy, have few enemies, either Insects or fungus, and reaulre but ordinary good care. The nuts fall to (he ground as soon as the hull bursts. wnicn it aoes wnen in nuts are ripe, and can be picked up easily." All the Miners Escape. (United Press Leased Wire.) Pit tabu rsr. Pa.. Oct 24. An explo sion in the Hasel mine of -the Pitts burg A Buffalo Coal company at Can- nonsburg, this afternoon, caused a re- ort Uiat soo men naa been entomoea. 'here waa a-reat excitement for a time but all the miners escaped. I r. . . . liar. . i i . t i . i . . ji . i . i . i ii t 1 . K J 'm , . .., m, f- jjjjj Jjti.m jt ' ' : . , ' 1--." i a r T " i Ti I i X f ? ' i l!pI kra.'H Ink J T t y ': V OK it! 4 I 1 ; i I f 1 , ill J! ii i ; . .. v . a : s s . - s V . ' Residence of F. D. Laurence,' Gar field and Pearl Streets. Residences Erected by J. T. Burchaell, Twenty-fourth and Marshall Streets. 1 V IS OPTIMO CommeiitsT on Eemarkable EeviTal in Eeal Estate and Building:. , Henry Clews, the New York banker, In his weekly letter on general trade conditions throughout the United States, takes an altogether optimistic view of th real estate and building condition. He says: "While bankers are still la a discrim inating mood, they now lend with great er freedom on all legitimate enterprises. Natural and much needed relief Is be ing extended in various directions, as a result of Improved conditions In the money market. Real estate Is feeling the advantage of this relief; property is changing hanria more freely, and better class de veloDments which were blocked by the panio are being carried out with more promise. Now that mortgages can be morn readily Dlaced. building operations arebelng resumed under more favorable auspices, encouraged oy ine lower prices for building materials and more settled labor conditions. "In conseauence there has been a bet ter demand for constructive shapes in Ktl and iron: lumber is more active. and the various metals are stronger. "According to tne Dest statistical au thorities, the new construction work contracted for In September In th lead ing' cities was 7 per cent-greater than a year ago, ana in ine cny or mew xorK alone the Increase was 14 per cent; a much more gratifying exhibit than ex pected." Here In Portland, the increase- In new mnstruetlon contracted for so far in October Is at least 26 per cent ahead of last October's totai - After the play the Perkins Orlll. Our Chaflnr tMsh and Sea Food Spe cialties are worm wniie. No better Oyeters In th World. PORTLAND MEN BUY LAND IN SUBURBS OF SEATTLE Acreage Purchased tyy Blind Pool Near Exposition . Grounds, Says Story Which Lacks Confirmation Alleged Deal of Purely Speculative Nature. REAL ESTATE IS OEST IIHlEflT E. W. Iffll Points Out. to Seattle Dealers Eoad to Wealth. ' ' Portland capitalists are reported to be buying acreago-in the vicinity of Seattle. In a recent number of the Seattle Times a story Is printed to the effect that a blind pool was formed by a number of wealthy Portlanders and the proceeds Invested In land In the vicinity of the Alaska- Yukon-Paclflo exposition grounds. The Times story goes on to say that this buying bv Portland resi dents has been In progress for some time and that the investments are of considerable magnitude. The fact that lots and acreaee In the vlclnltv nf fh Lewis & Clark fair grounds increased greatly in value as a result of the fair is given ss the reason for the heavy buying in Seattle by Portlanders, who believe that tha same thtnz will at Seattle. The activity of th Portland buyers l is said by th Times to have caused a heavy increase In property values In me vicinity or tne seame exposition grounds; lots In the district having a on Diea in value in tne past u aays, and acreage prices advanced from 30 to 60 Der cent , The Times' story could not be Verl fled among Portland real estate dealers; In a lecture recently delivered be- ; for the Seattle Real Estate aesocla-' tlon, R. W. Hill, president of that or-' ganlzatlon, had the following to : say, in- discussing th value of city real es tate for the purposes of permanent in vestment: "Proper estimates of value of real property are based upon th Income which the property will produce under' average condltiona wnen adequately Improved. This is particularly true of ' central business property. Suburban . roperty is speculative. Th value of Ine residence property is largely a matter of sentiment "Comparing the returns from rentals and growth of land values through' long periods, from a large number of real estate investments made in va rious American cities with an equal number of investments in commercial . ventures, the result is highly favorable to real estate. Less skill Is required to make the investment, less application to detail is necessary, and the element of risk Is minimized. Instances are cited where prices of property are lower today than in some former boom period. Take, however, the average growth In value in any or all. American cities of any commercial Importance, and the re- suits are highly satisfactory. Perma- nence and sarety are tne prime ractors In real estata Investments. Buy nronertv ' under normal conditions, make it prod uctive, hold it Indefinitely, reinvest th Income, and you will grow wealthy. - ELEVEN HOUSES HAVE BEEN BUILT Oeorge D. Schalk reports good activ ity In Jonesmofe, the pretty addition on th Montavilla car line. Eleven mod ern houses have been built there and those who were seen declared tha story I four more ara under course of construe without foundation. tlon. These homes range In price from ..:3!iJ!. ?'? i'?'" JXSt: , en aa d stctlv in right here at home," said a well known keeping with th beautlfu surroundings. Stark street realty dealer. "Several MANY FINE RESIDENCES ARE SOON TO GO-UP IN ELMHURST ' ;Ww r 't; r r rortloa o (i'.mi w bo, TambiM Concty. Bbowluc Parclias of S!t for Bishop Scott ArIeaiy. Arrangements have been mad by a number of recent lot purchasers In Elm hurst to proceed with the erection of handsome residences. F. E. Hilton, who has a 300-foot square residence sit In Elrahurst, has plans prepared for a dwelling which will cost about 15,000 when completed. The sits is being cleared and work on the ouuaing will oe under way In a short time. Floyd J. Campbell Is also preparing to build a $5,000 home in' Elmhurst. Mr. Campbell is having his four lots cleared and will let the contract for the building in a few days. Leon C. Kendall will buld a $2,600 cottage on East Fifty-first atreet be tween Hancock and Broadway. C. H. LieDold will bnlld an attractive home on the lot adjoining th Kendall build ing ait. John Slmlnrton. the Astoria mer chant, recently purchased a quarter block at Hanoock and Fifty-first streets. I I U DD.1DI. nBVtirM.1 I . . . - . . . . . handsome fortunes have ben cleaned up moderate-priced tract wnn wuioinT re in subdividing acreage in this city and f'ctlons. Houses must b built, at, aelllng out in lots, and local caDitalista leaat 20 feet from th lot Ine. It .will are keenly alive to the fact that nu- not b long oerore tnis ' "" KD".1 merous opportunities of this character P0 wtl1 be dotted all over witn artis still exist j tlo homes. . - J : - . "I very Jhuch dnuht it any rAml.l... I 1 ' ' fnbve.tTln1er PLAN IS APPROVED Engineer Ralph Modjeski'a plan for a . bascule bridge across the Willamette at Broadway waa heartily approved at a ' meeting of th North East Sid Im-' provement association Friday night, only;. thre membera falling to vot in favor. Ml a mk. V. m. n v. rnrtS ill mt fi fT Elmhurst, and will build a handsome north of Broadway and all wished to residence to b occupied by himself and I have th bridge built at Albina, avenue. ; lamily I xruUv two hours waa taken up in . Mr. SImlngton'f two aons, Oscar and dlaousslon of th question and ther; Fred have also bought quarter blocks were many plans sugested. After talk-r In the same vicinity, which they will lng these over on motion of Judge M, t. Muniy, wno waa cnainraui i uvfiit- t mlttM annointed to consider th matter Mr. Uodjeskl'a plan was adopted. J. M. Pittinger was on of the most ardent workers for another sit for th bridge, hot ftr listening to th long discus-' slon he with several others war ready. , to vote on th Broadway sit for the! A apeciai meeung win o. wmwi mr xt Friday vening to discuss the tween 90 and 100 clos congressional dls-i QtiesUon Of th bridge. tricts scattered through the country, I T ' most of them In state which in now l Th. Tntarnational Cotton Spinners' V classed as doubtful atatea. A knowledge nnlon has recently presented Samuel 1 of these condltiona accounts for the deep Ross, of New Bedford, kfaaa Its vt-t' concern felt over the house of repre- eran aecretary. with a silver service con- sentative by th managers of both po- talnlng S pieces, aa a token of appro-, lit leal organilationa. elation of Ills faithful srvlces. Improve in th near future. At tne corner of Fifty-second and iiuamooK street. J. Aplln will build a handsome residence aa soon us th plans ran be drawn. At Fiftv-flfty and Tltlamnnkr D Kendall will build a $1,500 home. In f Igurinr on the aoDroachlnr tin. Kn. V.... 1-. ... u v tuvra wuusiniw Willi I , . . - . the situ. linn ifrM that .r ara. I next Friday veBing to discuss luuiiuiainxninmicnumiznnn M 8 am . A Stn t I'M I w j Ai wovtj yrcnaru Station a TIicMllfMI."?: CLOSE TO PORTLAND, IS OFFERED FOR. SALE IN FIVE AND TEN ACRE WALNUT GROVES. EASY TERMS A fine waltrtt grove of about 25 acres, in full bearing', tituated in the heart d our plantation; tfci fear broke all world's records for .walnuts of both axa and quality, demonstrating car conditions to be exactly right 'for walnuts. The largest walnuts ia the world are oa exhibition in oer office. We $mw them. Ask for our book on Oregon walnnts. Yon can make the ronnd trip to see this place in a few hours, free of cost. We will-care tor your trees 5 jrars withowt eost to yon. Our tracts sr selling ci sight Bishop Scott academy bought 100 acres sad will rebuild in the heart of cor place. Only 20 tram now left in the present allotment adjoining oar bearing groT. Ovt first price is the grotin'-f oor rif, it will double io a few years. WALNUT GROVE CO., Owners M It H ii ft M K M M r 22a STARK ST., CROUND FLOOR. K. C MOR.GAN. rmUest TWeKcM Kia SIM m tm.u.nr:ms n tzzzzzzzzzxzzzizzx sznsnnn: r zz r-