The Oregon daily journal. (Portland, Or.) 1902-1972, December 06, 1908, Image 54

The Oregon daily journal., December 06, 1908, Page 54, Image 54

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Newspaper Page Text6 .... THE ' OREGON SUNDAY JOURNAli, PORTLAND, SUNDAY MORNING, . DECEMBER 6, 1908. HEAVY SALES SHOW BIG DEMI Uealty Market Now in More "Active Condition Than for 'Many Jfonths Large and Small Properties Are Pur . chased at Good Prices. ART IN HOME-MAKING SHOWN IN OLSEN HOUSE M. Ol sen's now home -which appears In today's . Journal. is pronounced by all who have seen it one of the most artis tically arranged and finely finished houses in the city. $io expense , was spared in carrying out the ideas of Mr. and Mrs. Olsen, the ' designers. , The downstairs part, including the floors, is all finished in mahogany and quarter sawed oak. The three pairs of massive pillars In the drawing room, living room and dining room, and the baluster are polished- mahogany. -The beams in the living room and dining1 room, and the panel work are all the best quality of eastern quarter sawed oak, a are also the hall tree, hall seats, bookcases, side boards, closets, woodbox, lifts and mir ror, work, which are ail built In, giving the house a rich, aristocratic appear ance. ' . ." ! The beveled plate glass" windows and doors also enrich the whole house, which is rurnlshed with special furniture from Grand Rapids. Carpets are eliminated, Turkish rugs being used exclusively. The upper story is finished In white ma ple and white enameled spruce. Special French ' windows of stained ; glass of oeauiiTui aesign, ana : many other feat tires, including a sleeping porch of umo.ua design, make this resident much aamirea oy ui iovers 01 artistio homes ' i-With one sale concluded Involving a consideration of $75,000, several new transactions in which the considerations were, between $10,000 and $30,000 and numerous deals of a smaller nature, the realty market last week gave evi dence of greater activity than for sev eral .months. i In addition to the actual sales that Were negotiated, there were other lm 1 portant. happenings that had a strong tendency toward buoying up the spirits of brokers snd operators in the local market. Among these was the letting of construction contract by the Union Meat company for the erection of over " $8u,oe worth or new Duuamgs on me site of the proposed packing plant on the lower peninsula, the taking out of permits for two office buildings ana one gsrage, the three to cost nearly $500,000, and the positive announce- ' went by officers of the Union Meat ' company that a sawmill with a daily capacity of 1S0.O00 feet of lumber will be built adjoining the stto of the penln- . tula packing pjant i; V' Harks Is Ramming. ' Brokers we-rte kept unusually' busy throughout the week showing proper ties and many of them are confident of ample returns from their efforts. That the conditions are better and are constantly Improving Is undeniable, but the market Is by no means as active as it was two years ago, al though' Infinitely better than it was one year ago. . Following a dearth of what may be describe! as big business, ! extending over a period of several months, during which time the, traffic In outside prop erty has actually increased, transactions running into large figures are again becoming fairly frequent. Buyers, both for speculation and in vestment, have taken on an active rather than a passive Interest In the situation, and while it Is yet somewhat difficult to meet their demands, the fact that money Is becoming easier, if not actually plentiful, will result in an increased activity in realty buying as well as in all other lines. Three Classes of Buyers. - . j A well, known writer on subjects pertaining to market, conditions in real estate has the following to siy hjt-'way" of criticism of buyers of real estate: "Three classes of buyers are always more or less in evidence In all markets. Those who scout theory and follow the crowd as sheep follow their lead ers, having no knowledge but that cov ering present and past values: those who are long on the theory of ultimate development with but limited facts upon which to base their conclusions; those who have a good knowledge of the theoretical elements back of the development of value, tho method of its construction, and the necessary pert inent basic facts upon which all growth is founded."' This classification may have aptly descrUied Portland real estate operat ors at. one- time In the history of the city, but certainly, there are none here 7 V .'4;iS',.,i.i-'''.;''.-. ... f ,"wi-.i; . ' f ' ' $ j ' ? ' t ' Jj j PI f " t i ! , j ; $ ',','-'.''' f 'v - 1 tw ' l -x, ' '"'"' w ,tt Ml ,'yv"-w . -, in ii urn iirwiiMiminr J ssssSt Drulng Room In Olsen Home. now save those who belong to the third classification. rifth Street Lot Sold. The most important transaction of last week was the sale by Russell & Blyth of a 60 foot lot on Fifth street. one lot south of Ankeny, for $75,000. This property, was purchased by a syn dicate of wealthy lumbermen, but title was taken by Jacob H. Cook, one of the purchasers, who will act as trustee for the syndicate. Russell & Blvtli purchased this lot five years ago for $15,000. and were told at the time that they were paying too much , for the site. Donald Mackay purchased last week through the agency of Wakefield, Frle? Co. two fractional lots on the west side of Second street, between Yamhill and Taylor. The larger of the pieces is a 26x85 foot lot, which formerly be longed to tho -estate of 'Arthur Daven port, and for which Mr. Mackny paid $17,000. and the other has a frontage of 18 2-3 feet and was sold ly K. Dalton and Mrs. Dowllng for $11,600. John' McKinney. a business man from Woodburn, Or., has purchased from C. Aerne, a two story concrete snd corrugated iron garage on the east side of Chapman street, between Yam hill and Taylor. The lot is 43x100 feet and was sold for $10,500, E. J. Daly negotiated the sale. Is. B. Menefee has purchased from H. G. Sahlatrom a 60 foot lot on the northwest corner of Sixth and Hoyt streets for $30,000. Heights and Acreage Deals. Ii. H. Max-well has closed a deal with .Tames W. Cook for the sale of an Ir regularly shaped lot on Terrace road, Portland heights, for $12,000. 'The largest deal In acreage reported for several weeks was that of HO acres tn the Stephen Roberts donation land claim, which was purchased by A. C. Ruby from Theodore Nlcolal for $21, 650. K. B. Rice, who has built a large number of handsome homes in Holla day park and vicinity, has Just con cluded the ssle .of a large two story dwelling on Clackamas street, between Kast Seventeenth and East Nineteenth streets. The property was purchased oy i . u. innas ror ,uuu. Ellis G. Hughes has sold to Charles G Keers four lots facing east on East Eighteenth street, between Thompson and Brazee streets: consideration. $5700. Morris B. Wells has sold his hand some home on East Twenty-first street, between Hancock and Tillamook streets, to J. C. Brac.her for $6760. Mr. Wells has tskeji up his residence, at New port. Or., where he will hereafter-, be associated with .lohri Fleming Wilson in the conduct of a weekly newspaper. Smaller Deals negotiated. Peter Loratl has purchased from John A. Patterson a fractional lot on East First street between Weidler and Halsey streets for $5,000. C. W. Boost has sold to Vincenso Cornello a half block fronting Taggart street, between East Seventeenth and Eust Eighteenth streets, for $6200. Samuel OSborne has sold to Mabel V. Roberts a quarter block on the northwest corner of Mississippi avenue and Fremont street. The property is Improved and was sold for $6000. - Charles O. Brown has purchased from the Overlook Land company a M i2 i ii Sri TMk j mm V. ' ... f! . .. .O ... , . V. . i 1ft " - iiiiirniiiMif- miLilJmW i eassMSBtji. ,r m.dt . am FACTORY IS TO EXPAIID Local Company Will Build . Second Plant and Greatly Increase Its Output. Chair manufacturing. Including all grades from the ordinary cheap house chair to the very finest turned oak. ma hogany and other hardwood creations, Is taking nign ran in the constantly frrowing list of Portland's manufactuN ng Industries. The Oregon Chair com pany's plant . Jnv South Portland has J rrown rrom a. very small beginning, ess than two years ago. to where It now has a paid up capital of $100,000. has an annual output of over 1 100.- 000, employs about 40 men and has a montniy payroll or X300Q. ! ins past week this company took out building permit for the erection of a second factory building adjoining the rirst. wnicn. wnen completed, win mean tne aouDiing or its annual output. - A. J. Klii5-slcy. president and gen eral manager or the company, leaves mis weeK lor the eastern manufac turing centers for the purpose of buying machinery for the new factory. While in the east Mr. Kingslev will Investigate the latest styles in chair and will make a special study of recent methods of treating hardwoods, with a view to keping his Portland plant up to the standard of tho very best eastern fac tories. . ' A. J. Klngsley, president and "'gen two years ago for the purpose of estab lishing his chair "factory, he met with little or no encouragement. In fact he was advised not to attempt the venture, was told that the field of operations PEW SEES BRIGHT FUTURE Will'Be Bailroad Center as v Well as Packing-Plant's Location, The letting of the contracts for, the construction of Ave immense brick and reenforced concrete buildings,' six sto ries nign, oy tne union Meat cpmpany near the stockyards on the-lower penin sula, has produced new life and energy in every enterprise, from Album to Bt, Tn fact, the people of Portland i every where are only beginning to comprehend the magnitude of the advantages to Portland of the new packing plant now rising on the peninsula. Five hundred thousand dollars In buildings for meat packing purposes seems large, yet , It win awmaie to almost insignificance when compared with the '.magnitude of tne ou8iness that will be transacted an nually by the stockyards and packing houses when In active operation. '. The bank clearances of Omaha run from $10,000,000 to $12,000,000 weekly and fully one half of the amount comes through tho packing interests. The bank clearances of Portland will be increased by a half million dollars daily ' within a year after the packing business gets under full headway. This money will continue to circulate be tween the stock ranges and meat nro- auomg farms and the packing centers, a. consiaerapie portion oi mil money win do paia ror laDor. The lower 'peninsula ' is now on the tiptoe of 'CiDeetancv over the nrosnect of early renewal of the construction 7 T JV v f r y " 3 J T" fir ; L- v-. T A A - J 4 2 r M ,,.lMl.'4 lfc,...',i....,,Vw.A-..llf j(rhl.tWfM ' ? ill i 0 ' -ft x If you are a w(se young man or a wise young woman or a wise mar ried man you will mate provis ion for the future and invest your money in a piece of Oregon land. MEIZGEK ACM TOMS Home of M. Olsen,. East First, and Multnomah. Residences of . Gerstal and J. Greeny, Twenty-third and Hawttrorne. 1 ;jtV. ! ' " ' 1 ' " ''7'""' '"' 1 : sjy. LMr 4 limr ItV.tS iasllf i4 house and lot in Overlook, for $5000; John Albert Wilson has purchased from Fred N. Belcher a lot on Nortli rup street, between Twenty-fifth and iicmy-dum streets, ror 4&u. M. .1. Smith a house and quarter block In City View park; consideration. $3700. Robert B. Beat has sold to John Beneke a house and lot on Tflrhv mien, upiween nnaver and Mason streets, for $3600. Franclsca Jae?er haa nnlrl t T.ann, J. Wardner a quarter block on Wasco street, between Twenty-fourth and Twenty-fifth streets, for $3556. LUMBER OUTPUT AT HIGHEST POINT (Special Dispatch to The Journal.) Washington. Dec. 6, That the top notch of production of lumber In the United States was reached during last year and that from now on the annual production will either remain the same as last year or show a decrease, is the startling announcement made by Over ton W. Price, associate forester In the Lnited State's forest service. He also says the annual cut of timber last year would cover a piece of land 1000 acres In area and would make a pile as high as the Washington monument. "It has been estimated." said Mr. rnce, inai our industries subsist ing wholly or mainly upon wood pay the wages of more than one and a half millions of persons; that the original forests covered one-half of the United States and existing forests cover one fourth; that only one-fifth of all our standing timber is publicly owned, anil that only 70 per cent of our public for ests and less than 1 per cent of our pri vate forests are conserved. "The average growth in all our for ests Is about 12 cubic feet per acre, or a total of 7.000.000,000 cubic feet. But we take from the forests 23.000.000,000 cubic feet each year, or over three times what the forests produce." CARIBOU SCARCE IN YUKON TERRITORY Oregon Chair Company' Factory and' Foundation for Neir Buildings (Special Dispatch to The Journal.) Seattle, Wash., Dec. 6. Caribou are very scarce In the section east of Daw son this year. Hunters who have re turned to the Yukon city from up the Klondike report no caribou. They have been up 76 miles. In former years they have found many caribou after going that far. A number of Moosehides left Dawson over the first lee for the Sixty-mile for caribou, and may be coming In with some soon. After getting Into the Sixty-mile eountry, one does not have to travel rar northward to cross the Inter national boundary into Alaska. la that country It is not permissible to kill caribou or moose for sale, not even for sale to prospectors or miners. One may kill for one's own use. Last year two Dawson prospectors, while returning from Ketchurastock killed a few of the caribou and sold them to miners on the Forty-mile. They were arrested, taken before Judge Brady at Wlckersham and heavily fined. Pracrant floral blooms, nlant-nllk. veritable essence! compose Satia akin cream. National Apple Show Spo kane. The National Apple show to be held at Sookane. December 7 to 12. inclusive. will be an event of world wide Imporl- nMil Manhln. M,,ta V The O. H. ' N. win sell special low rate excursion tickets for this occasion. The round trip from Portland being 114.95. Sale dates. 6th. 7th and Jlth: limit December 15. Tickets at O. R. As N. city ticket of-i flee, corner Third and .Washington streets. '., . . V ' . 1 . ' Dry rir Oordwood. . Sawed, or four-foot length. " Main 15, A-1615. Oregon Fuel company. . ; Metiger fits your ayes for IV here was pretty well covered and that it would be difficult to secure the neces sary skilled labor for such an enter prise. However, he was determined to esiaDiisn a cnalr ractory, and in spito of the discouraging advice he received ana in lace or big odds, built a small filant and commenced operations with ess than 20 men. The plant had just fot fairly under way when the October. 907, panic struck the country. In spite of this heavy handicap, the company has made steady and substantial prog ress and now employs about 60 men and has a daily output of 250 chairs. Upon the completion of the new factory now under way, this daily capacity will be increased to 800 chairs. The whole plant is equipped with the most up-to-date machinery known to chair manufacturers, and there is no concern in the country better equipped for turning out a high grade nroduct. tn fact It is one of the few concerns west or tne Mississippi river making high grade dining room and bedroom chairs and rockers. The new factory will be equipped with a line of ma chines for a turned line of rockers, din ing room and kitchen chairs. The material used is nrinclDallv Janan oak. local hardwoods such as ash and maple, and eastern oak. Motor power is employed exclusively in driving the machinery, each machine or set of ma chines having its own motor. The output of the Oregon Chair com pany Is rapidly being introduced Into all the countries bordering the Pacific ocean. A considerable market has been opened up In Alaska and the Hawaiian islands. The company also ships chairs to California and British Columbia, and is preparing to introduce its product work on the Oregon & Washington rail road, which will be built between Port land and the sound to accommodate the business of the Union Pacific, the Smith ern Pacific, the O. R. & N. and the Chl cao, Milwaukee & St Paul. Bids have been received from contractors for the construction work and the bids for the roms lunnci nave Deen opened, but the contract has not been awarded. This new road to Puget sound will center imir transcontinental lines on the penin sula, where they will enter the tunnel under the peninsula at McKenna Junc tion. The completion of this link between Portland and Puget sound win nab. the lower peninsula the greatest rall- inu LTumr on me coast. Within a nun nniH will oe tne Knnkane Vnrttnn & Seattle, the Northern Pacific, the Great Northern, the Oregon & Washing ton, the Union Pacific, the Southern Pa cific, the Oregon Railroad & Naviga tion company, besides the traffic ar rangement. Which Permits the entrant oi ine i nicaji), Burlington & Qulncv ' j i i .uu a m i.iu, miu i no untcago, uijinaunce OE Ol, rail!, j into certain portions of tho orient. The Importance of such induatrlea tn Portland is better 'understood when it is Known that this company alone has brought 25 skilled workmen from the east , during the present year. These men with their families are desirable additions to Portland s population. More than 1.000 persons are emDloved in the manufacture of artificial pearls tn the. Gulf of Lower Calfornta, by a company working under a concession from the Mexican government. Oak 1H) TL 1l ffiLiriiS. One, Five and Ten-Acre Tracts' FOR SALE IN OAK PARK $175.00 Per Acre Land is all cleared and under a high state of cultivation. On the electric car line and only forty minutes' ride from Portland. This land will grow grain, fruit, alfalfa, vege tables and berries. The best and cheapest acre tracts on the market. , Moore InvcstmentCo. LAFAYETTE BLDG., SIXTH and WASH. STS. '; , Both Phones . . Arc situated on the-Oregon Elec tric line, on the west side of the Willamette, only 30 minutes from the station at the comer of Jeffer son and Front streets. This road gives a frequent service so that it is mote convenient to live at Metzger station than it is in many city additions where single CO foot lots cost more than an acre of fertile land in our tract If you consider the location, the choice land and the choice location , of our tracts you will realize how cheap these tracts are at $200 UP PER ACRE And you will own one or more before next Sunday. This land is unequaled in Oregon for the pro duction of fruit, vegetables, and particularly for cherries and wal nuts. which pay well. We have hundreds' of acres to choose from and can show acre tracts to suit all conditions of men and suitable or the cultivation of any products that grow in Oregon. You can work in the city and reach your country home or reach the city from Metzger in a THIRTY MINUTES' RIDE There are no impediments to traf fic and you know just when you will reach your destination, as all trains start and stop on sched ule time the same as a standard railway train. Land along the Salem line will be held at a pre mium within a year; then you will either be sorry for not securing a piece or happy for having. secured an acre or two within easy reach1 along the OREGON ELECTRIC LINE We have agents on our property at Metzger Station every day, in cluding Sunday, and we advise a visit to the tract today. Explain what kind of land you wish cleared, partly cleared or all tim ber and our agents will show you something that will please you and fit your means. Remem ber, you can get easy terms on these tracts. OWNER Call at our office, 226-228 Front street, for printed plats and other information, or at our Metzger office at the station. , Our city Of fice phones are Main 474 and A-1374, and our, Metzger office phone is Main 6409. .