THE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING. OCTOBER . 25, 1003.
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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 -
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. 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, ,.... -,
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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
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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
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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
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Station
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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
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22a STARK ST., CROUND FLOOR.
K. C MOR.GAN. rmUest TWeKcM Kia SIM
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