The Oregon daily journal., December 20, 1908, Page 58, Image 58

THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY -MORNING, - DECEMBER 20. 1908.
REAL ESTATE TRANSFERS FOR;, WEEK ,MEM RECORD
A1ET
IS
EVE OF THE HOLIDAYS
Big Deals in Business Property Bought
; For Investment Show That Specula
tiye Era Is at an End New Owners
: Will Improve Buildings.
, 'With the holidays but one week oft
and at a time when nearly every one
Js thinking of the Joys of the approach.
' Ing Christmas tide, or at leant few are
r thinking of the big and serious affairs
' f business. Portland pomes to th front
"with week's total of real estate trans
act lone that breaks the years record.
In'addition to the transfers filed for
i record, which aitiottrttcd to over $600.
000, there were ' sales announced, In
-which deeds -did not pass, that will
bring the whole sum of the week a buai
J tiers close to the million dollar mark.
! After 14 months of comparative quiet
f In the local real estate market, due In
8 a large measure to the genral eur
I tatlment of bank loans, together with
an unusual manifestation of that con-
aervatlsm which is at all. times prac-
Iticed by Portland Investors, there seems
to be a complete restoration of confi
dence, the forerunner of large invest
ments In btrh rlasa realtyj and aaeii-
eral Improvement along - all lines of
business.
This return of confidence Is shown In
the stronir demand for property in the
business district from the average In
vestor of moderate means. No- less
propert y were made last, week, in no
t one of which did the buyer pay mors
r. nan $110,000 for his noiaing.
An interesting and healthy feature
! f the present realty market is , the
i' fact that buyers now figure closely on
t the Income that may be derived from
I- the Investment. Before purchasing he
K knows Just the character of lmprovs
V ment best suited to the contemplated
I purchase, what the cost of the tmprove
5 ment will be and what the return will
! be. He weighs one property against
f another, and selects the one best suited
g to the character of building he is ln
? terested In, for a large majority of
present purchasers are men who will
H build. '
,-,s . One All 8 peculation."
,i Two years ago these things were
. little thought iof. Then Investors, or
more properly speculators for! nearly
all realty buying at that time was spec-
ulattve bought certain pieces of prop
f erty because they were or seemed to
be cheap or at least could be pur-
chased at a less figure than similarly
f situated toldlngs in the same vicinity.
- Now. this Is all changed, speculation at
i present enters only slightly 'into the
calculations of an Investor. Deals are
In most Instances put tnrougn on a
atrlctlv Income basis, with purchasers
Intending to hold the property as a per
manent investment,
. Nearly every valuable piece of busi
ness property sold in Portland in the
f past six months, was taken, .solely as
an Investment The big purchases on
Stark, Oak and Ankeny streets maae
since July 1, were in every instance
made by men who have no thought of
selling and in a number of cases these
buyers have already refused handsome
BOARD OF TRADE IS
FAIR TO ALL SIDES
Does the Eight Thing for Producer as Well as Dealer,
'Whether Large or Small Posting of Puhlie Quo-
tations Beneficial in That All May See.
Tred
Wnllerr Secretary Fortland
Board of - Trade-
At the veerif mee'tifip pf Ihe W'ash-
k Ington Wheat Growers, Miners ana
Shippers' association at PuHsan, wasn..
y t...M.i,i r r' Youn touched upon the
' following points in his remarks to the
convention:
; "There is a growing feeling among
? the producers that we are not obtaining
' the prices for wheat that the markets
. of the world Justify. All through the
s exporting season of 1908 there has been
a wide difference in prices between
f Portlimd and 8an Francisco, that the
i difference in freight rates does not ex
f plain. A prominent grain man operat-
ing in the Pmouse country informed me
k that wheat was 6 cents lower than It
hould bfc in eastern Washington. Now
i 1 do not pretend to know whether there
t in around for these suspicions and as
sertions, but it would be worth some
thing to know as vo the truth or falsity
of Impressions that are so almost uni-
versalTv believed and I would suggest
that this convention take this matter
up In conjunction with the grange and
f farmers' union and satisfy ourselves
that we are not paying too much for the
, v- privileges the shippers now enjoy.
J "For the last twq or three years the
- warehouse - companies. In tliPlr fight
against and their attempt to drive the
, Independent buyer out of the field, hav
placed so many provisos and stlpula
? rlons Jn their receipts that it has be
i come a matter of so much risk that
I rannir outside buyers will not buy eraln
-l unless tiiey are personally acquainted
with the Owner of the receipt. As urtv
(iucers we must uphold the independent
.An
)
. f
"Mu11r, Swretary ; Portland
JiriBriJ of Trade. - .
BRISK ON
profits on their investments. It Is an
open secret that T. R. Wilcox could sell
the two Inside quarter blocks he pur
chased last summer and clean up J 1 00.-
000 in the transactions, but he has
steadfastly refused to consider an of
fer or name a price for either parcel.
Charles K. Henry,, who later pur
chased a quarter block at Fourth and
Oak streets, has been offered an ad
vance on the . property canal to two
yours' Interst on the amount Invested
and refused it The same thing is true
In a score of other Instances, the buy
er turning down offers of handsome
profits on recent deals.
Joseph M. Healv, one of the largest
operators in Portland realty, was the
fturchaser in the largest transaction of
ast week. The property purchased by
Mr. Healy Is the Quarter block at the
northwest corner of Fourth and Tamhil
streets, which has been owned by the
Young Men's Christian Association for
the past 12 years, and which is now
the home of that institution. The price
paid for the Quarter block and the four
story brick building was $175,000.
Brokers In realty, generally, express
the belief that Mr. Healy secured this
property at a low figure.
For the past year, numerous agents
have figured on this holding and It Is
an open secret that several brokers were
on the point of purchasing for clients
when Mr. Healy stepped in and tied up
on option a few days before the presi
dential election, by making a payment
of $10,000. ,
Not before the completion of the new
home of the T. M. C. A. will Mr. Healy
secure possession of the property, hut
he has already announced that he will
alter the lower floor, making It avail
able for lease to one tenant.
Makes 300 Par Cent.
1 Wednesday of last week Mrs. Sarah
H. Merrill closed a deal with A. O.
Pike for the purchase of a quarter
block on the northeast corner of Park
and. Salmon streets, paying for the hold
ing 148,000. Mr. Pike bought this prop
erty In 1802 for $11,800 and by the
sale to Mrs. Merrill netted nearly 300
per cent on the investment No an
nouncement has been made by the new
owner as to any contemplated improve
ments to be made on the property, but
as it Is across the street from the
propertly. recently purchased by the
Arlington club as the site for the new
clubhouse, it is not probable that It
will long remain in its present dilapi
dated condition.
Through the agency of D. 8. Stearns
8. B. Linthicum sold to Mrs. Mary L.
Church a 60 by 100 foot lot on the
west side of ' Fourth street, 50 feet
south from Taylor, for $10,000. Mr.
Linthicum purchased this lot three
years ago for just half what he re
ceived for it by the sale last week.
Mr. Stearns also sold last week for
L. A. Lewis, and J. N. Teal a 60 foot
lot on East Morrison street, between
East Third street and Union avenue.
dealer and see that he has a fair and
square chance, and at the coming ses
sion of the legislature there should be
enacted an amendment to our present
warehouse law--a uniform, warehouse
receipt without proviso, stipulation of
restriction, so that the purchaser will
know that he will get the exact number
of bushels it calls for without paying
extra patching and handling charges.
The abuses of privileges that have crept
of late years into the management of
public utilities of this sort will ulti
mately lead to a law limiting the owner
or operator to a storage business oniy.
The Portland board of trade during
this year, at least, has reasoned along
similar lines and nas usea aingeni ei
fort to find a proper solution for com
plaints of this nature. The functions
of the grain department of the board
of trade have for their object the ad
vancement and protection of the com
mon Interests of those engaged In the
grain business. The board of trade has
already accomplished a wonderful
amount of good, in the bringing about
a better understanding among the mem-
b bv rfta!torl of more
80na, acquaintance.
The board r trade in
lntlmate per-
future more
even than in the past will be a fac
tor in tne handling and atstriDUtion
of the grain crops of the Pacific north
wBt. We will endeavor to do so in a
manner whlcl: will result in the great-
est good to the greatest number. This
ran nest oe arcompiisnea oy concen
trated effort and that is one of the
r-rlmary Ideas of the organization of the
board of trade grain department.
' The ndiustment to new and greater
responsibilities is rapidly developing a
broader and more tolerant spirit and
the board of trade's efforts are accepted
as being for the benefit of all the
branches of trade, not simply some of
the people.
As we approach new questions, we
should do so with more tolerance for
the other point of view, difficulties
thought insurmountable can be solved
with dlgnitv and the proper conception
of the fundamental fact that "eouality
of rleht should be enjoyed by all upon
the highways of commerce," as Indeed
insured and (ruaranteed by law.
To him. who ir. his own selfish com
placency 'Is content to sit quietly downi
and take mailers as iney are, whom
ambition leads him to desire nothing
better than that which he enloys. who I
sees notning Detter tnan imitation in
the world, who being a creature of cir
cumstances' cares not to break the nar
row confine of his present limitation,
who in short. Is satisfied to be a para
site, leaching from the active, healthy,
progressing trade a mere existence, to
such the board of trsde stands" for but
little. To his thinking it is - doing
nothing to better the condition of the
trade. It Is not wortftv of support.
On the other hand, the live, up to date,
go ahead Individual engaged In the
grain or any other trade, has a place in
ttfl's-organisation.-' . r
- As far a the grain business In' par.
tirolar is concerned the Pacific north
west Is Just getting alive to the fact
that its grain trade as a whole Is much
tarrer than anv individual. , -
The board of trade grain department
stands for: '
Improved methods of handling.
T.ees loss in transit.
- More enuiuible and stable rates of
transportation. i , '
- Open market Quotations. -, - -. r -' ? -
r ' ? V ' t Jt , ! . - v f , V ' ' ' r , " ' ( i
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13
Residence of L. Burke, Lovejoy Street and Cornell Road.
The property was purchased by A. L.
Stevens for $18,000. Messrs. Lewis and
Teal bought this lot about 60 days ago
for $16,000.
Harrison G. Piatt has purchased
from James UT-lart two Improved lots
on the corner of jHCkson and Twenty
first streets, Portland Heights, paying
for the property $10,600.
William Fuqua closed a d"al with
James M. Cramer for the purchase of
the east half of lots 7 and 8 in block
22. city; consideration. $20,000.
The east 73 feet of lot 1. block 71,
CoUch addition, located at the north
west corner of Tenth and Everett, has
been sold by A. Tichnor to Mrs.' Mary
N. "Whitney for $16,000.
M. L. Holbrook has sold to Hlchard
Shepherd 24 lota in "VVhitwood court, a
St. Johns addition, for $15,000.
Mrs. Julia A. Harris has purchssed
from the Pacific Transfer company a
part of lots 17 and 18, block hi. Al
bina, located at the corner of Russell:
street and Mississippi avenue, for-$9000.
The property is In the best part of the
lower Alblna business district and is
Improved. ....
A quarter block at the northwest
corner of Savler and Twentieth stVeets
has been sold to J.' A. Julien by J. W.
Brown for $7500.
Mrs Marv -E. Tichnor has purchased
from the irvingion. investment. ."- i
pany six lots in Irvington at a tola
cost of $7200." The property-lii. located
on the northeast corner of Knotty and
East Fifteenth streets ana on tne souui
east corner of Knott and East
Eighteenth. -
Alexander Scott has sold to waiter
W. Christensen five apres east of
Montavllla at the rate of $1600 an acre
John R. Kaseburg has purchased
the Walnut park home of Ernest M.
Welch. The property is located on
Cleveland avenue, between Alberta and
Summer streets, and was sold for $6S00.
I n Mann has ourohased from
Charles' Lomerlne an undivided Interest
In blocks 8, and to, xermmus wuimvu
to Alblna: consideration. $7000.
Yerex Brothers recently sold to R.
L. Donald 10 lots In Council Crest
park at the rate of $500 each.
Public warehouses and elevators.
State grain Inspection and weighing
bureau. . .
Correct statistical information and
unbiased crbp reports and an equal op
portunity for all.
PIONEER BUSINESS
MAN OF QKEGON
John B. David, the aged man who was
found dead in his bed in a rooming
house at 211 Seventh street, was a
pioneer of Oregon and at one time one
of its most prominent men. He came
to the state in 1S64, and during his
long residence became known as an
optimist and a progressive business
man.
In the early days of Oregon Mr.
David was engaged In the government
survey in the eastern part of the state.
Later he became engaged in railroad
construction, particularly on the line
out of Portland to Vancouver and in
eastern Oregon.
At one time Mr. David was the prin
cipal stockholder in the Portland Ice
company, and at the time of his death
still held a large block of the stock.
He owned a thousand acre farm be
tween Portland and Newberg. upon
which he resided., with his family, be
ing In Portland only for a business trip
at the time of his death. He was
known throughout the state as a raiser
of fancy stock.
The deceased leaves one sister in
Portland, Mrs. Fraine, a teacher In the
public schools. It is supposed that the
cause of his death was heart disease.
He was 64 years Old
Building Permits.
Dr. Thomas Darling, erect one and
one-half story frame dwelling. East
Fifty-first street between Hawthorne and
Stevens, $1500; J. R. Caples, erect two
story frame dwelling, Broadway street
between Sixth and Seventh, $2000; R.
G. Conklin, erect one story frame
dwelling. East Harrison street between
East Fifty-seventh and East Fltftv
elghth, $1900; . Lutke Manufacturing
company, erect two story brick ware
house, if th street between Hoyt and
Irving, $5000.
Tomorrow. Monday, last day for dis
count on east side gas bills. Don't sver
look gas appliance sale.
.New Residence on Elliott and -Hawthorne . Avenues,. Ladds
COMPANY WILL
BUILD HOIS
Local Capitalists Plan to
Follow 'Los Angeles
Concern's Example.
Within the next few days articles of
Incorporation will be filed for the or
ganisation of a large building company
backed by prominent Portland business
men. who will Invest 'ample capital to
carry on the various plans of the com
pany. Among those to be interested in
the new corporation wiU be Fred A.
Jacobs, president of the Jacobs-Stlne
company; C. W. Hodson of the Irwln-
Jiodson company and president of the
(T ommerrl ' . ..t . ,
0"lme m"''" b'
"7!,?'.
"rp "JfmaX,:
Weils H. Hurlburt,
the New York Life
Frank W. Power.
former vice president of the Oregon
Nursery company,' and a number of
others.
The object of the organizers iii
forming the company is to make loans
to'owners of lots with which to build
moderate cost homes.
When asked to tell something of the
company's plans, Mr. Jacobs of the
Jacobs-Stlne company said that under
the present conditions of loans - and
mortgages it is impossible for many
owners of lots, although they may be
persons in moderate circumstances, to
build homes according to their own
plans unless they can borrow all or a
part of the necessary money.
"The great demand for homes in Port
land has caused us to decide to fill this
want," continued Mr. Jacobs. "The or
ganizers of the loan company have
ample capital and' will invest not less
than $50,000 as a starter In this new
venture. We shall follow along the
lines of the Los Angeles Investment
company, which Is the largest building
company In the United . States. This
company started 10 years ago and up to
the present time has constructed over
2000 residences, mostly of the bungalow
type. In the city of Los Angeles, and at
the present time has nearly $2,000,000
of capital invested in the business and
owns Its own lumber yards, nlanlng
mills and brickyards.
"We believe that by building on a
large scale we can keep the cost of
houses down to a minimum, and conse
quently be able to offer houses for
lower prices than If they were built by
an individual."
UNITrT TO BOOST
HOOD BIVER'S GOOD
Portland owners of Hood River fruit
lands have formed a permanent organ
ization and will hereafter take a united
interest In all matters pertaining to the
promotion and public good of the Hood
River district. This organization was
formed at a meeting called at the Com
mercial club auditorium. ,
H. Russell Albee and George W. Si
mons were unanimously recommended
by the meeting for dlrectors In the Hood
River Landowners' association. Mr. Al
bee was also chosen as president of the
new Portland-Hood River association;
with E. W. Almesbury as secretary
treasurer.
A canvass of the 24 owners of prop
erty who were present brought out the
fact that they represented fully $500,
000 In Hood River holdings. This does
not include the. numerous Portland peo
ple who own lands in the upper , valley
and on the east side. Tftose present
and who formed- the charter members
of the new organization were Captain
James Watts, F. Fenwick, George W.
Simons, Robert G. Dieck, H. R ' Albee,
E. W. Almesbury, H. S. Clodfelter, H. E.
Judge, S. G. Eliot, H. G. Colton, Miss
M. E. Frazier, Mrs. E B. Carroll, Mrs,
M. MacRae. I. C. Clodfelter, A. S. Pat-i
tullo. Dr. B. E. Wright, F. A. Snow, Ci
R. Davis, Hosmer Arnold, George .W;
Brown. F. I. Leverett, F. E. Thompson,
J. W. Palmer, Fielding Kelly. D. Hi
Stephenson and H."W. Hurlburt. -. S, . )
,lf
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Residence ot
6REAT6R0WTK OF
(I
Eleven Hundred Acres Are
Planted in Yamhill,
Says Morgan.
E. E. Morgan, president of the Wal
nut Grove company, is having 1100
acres of the company's Yamhill county
lands planted in 3-year-old English wai
nut trees. Mr. Morgan recently pur
chased 17,000 3-year-old walnut trees
and is having them planted on the up
lands owned by the company. -Tho com
pany now owns 3000 acres,-Including
the C. '.B. Ladd farm and large areas of
walnut' lands in the vicinity of the Ladd
property.
It is the intention of Mr. Morgan
to plant all the -rolling upland owned
by the company In English walnuts.
Plans have already been consummated
for carrying out this large undertaking.
An Immense number of trees have been
contracted for and within the next two
years this company will have the largest
acreage planted in English walnuts of
any similar concern operating in Ore
gon.
Threatens to Sue City.
The city is threatened with a lawsuit
a the result of the street committee's
adoption of the viewers' report on the
extension of Mill street. Pat Holland, a
pioneer of many years' residence In the
eltv. obtected to- the removal of his
house on Sixteenth and Mill streets at
the price offered by the municipality.
He said the viewers allowed him only
half as much as nis property is worm.
Dr. Biersdorfer, who owns a piece of
property which the city will take by
condemnation, proceedings stated that
the viewers would allow him only $700
for a house and lot wnlcn haa cost mm
11700 and front which' he derives a ren
tal of $216 a year. The. city proposes
to take all his land but a small strip of
7 -feet, which will, be valueless to
him and yet he is assessed a benefit of
$16. '
Coal Rock Springs Rich-
, mond,
Wallsend. Welsh Anthracite. Independ
ent Coal & Ice Co., 353 Stark. Phone
Main 760--3780.
Christmas cards, New. Tear cards, art
calendars, exclusive lines insforted and
WVIUCBUV. - Alio 1 BUVJ1, 1' 11 IU
street, near Washington.
Addition '
ENGLISH WIS
WALNUT INDUSTRY IS
' GROWING BY BOUNDS,
;""''' ' :'i'"v i -.''-.
, i , ' , , t
' Oregon Nut Pronounced Superior to Imported or Cali
fornia Product 'TNvo Classes of Land Ate Pre
... ferred for Profitable Orchards, - '
In the, field of horticulture, nothing
has been more active these last few
months than the walnut planting indus
try. Farmers,,, who some, years ago
planted few trees by way of experi
ment, have awakened to the fact tht
thev have now a valuable asset in. the
walnut tree and Incidently a greatly
enhanced value to their land. . .'
Several Portland firms in the sub
dividing and planting biiKlneas have put
W. Schmeer, Twenty-fifth -and Lovejoy Streets.
on large walnAt tracts In the past
few months. This seems to be the start
of the Industry which . some day may
grow, as nig ir not bigger tnan the ap
ple Industry of today.
One of the laraest firms oners tlnr In
this line mentioned the other day that
iney are receiving from three to -five
Inquiries daily f roro the . ehst, nuking
about walnut lands and walnut culture
in Oregon. -The
Ensllsh walnnt nrnhablv origina
ted, In eastern Asia. .From there. It was
transporter to Italy, .France, spam ana
nearby countries where it has been
growing for hundreds of years. From
Europe it was Introduced to America
and for over 100 years walnuts have
oeen grown in New Tork state. From
the east it was taken to California
where the largest walnut orchards are
at the present time. Originally it was
me spanisn nut mat was planted in
California, a soft shell type' such as
the "soft shall" and the Santa Bar
bara. Lately, however, the Franquette
and the Mayette. varieties have come
into greater prominence, and It has be
come an established fact that these two
last named varieties will be the com
mercial nut of the United States.
Here in Oregon, the growers unite on
the point that the lata blooming French
variety, such as the Franquette or May
ette are the proper nuts to plant
Advantages of Two Kinds.
The Franquette was originated by M.
Franquette over 100 years ago. It Is
a very large nut, rather oblong, being
pointed at the apex and slightly flat
tened. 'at the base. The shell is me
dium thin, not quite as thick as the May
ette but which, at the same time, is
well sealed and thick enough ' to ship
well. The kernel Is very plump. Thd
quality is excellent, having a rich nutty
flavor. The Franquette ts uniform In
sise and shape. It Is a Jate bloomer,
very hardy and proline and la prac-
iicaiiv rree rrom disease. ine May e lie
Is equally as firm a nut
At the present time, walnut culture
in Oregon is scattered the largest bear
ing orchard probably being that of
Thomas Prince, containing about 8300
acres. These trees are all very young.
Last year they yielded Mr. Prince
about five tons or nuts. The walnut
grows very prolific with sge, however,
so that the increased production of this
ranch from now, on will be very rapid
each year. r -
The walnut trees begin to return' en
income about the eighth year from the
seed and will continue bearing in in
creased quantity from that' time on for
hundreds of years. - - As the trees re
quire little or no cars after" maturity,
It will readily be seen that walnut or
chards under average circumstances will
be better - than a gold mine.
The trees are generally planted when
they are one to three years old, -and
owing to the fact- that they grow to
an immense size, -it has- been found
necessary to plant - them -45' to SO feet
apart. They 'require-close watching, for
toe . first tour - years ana to arrive ai
a state of perfection, must receive good
cultivation. The walnut in Oregon has
not been found subject to pests up to
the present ttme. therefore requires no
spraying, neither does It require prun
- Good Soil Hscssssry. i
There has been some controversy -reV
gardlng the site of a walnut orchard
it sometimes having been stated that
walnuts will grow in almost any soil.
There Is no tree that demands as much
care as the walnut . in the selection of
the soli. It Is a heavy feeder and . the
soils that suit it best are the good deep
rich moist loams at least IS feet deep
and well drained, 'although these are
not necessarily - the only soils upon
which It will grow.
There sre two. well defined opinions
held by Oregon walnut orchardists- as
to the character of land best suited to
walnut culture -one school holding that
the rich, molsV well - drained bottom
land produces best, and the other nln-
Jiing- Its 'faith to the slightly elevated
rolling lands found in Yamhill and other
Willamette valley counties. . .
'The Prince- orchard, near Dundee,
from which excellent results have been
obtained. Is on red hill land, but the
soli is rich and deep. This red hill
land, above . the frost line where 4 he
soil Is of areat denth and vtrv rii-h n.
doubted ly produces a ' fine tfes and - a
large ricij put.-.' -- .,
On the other hand 'the river-bottom
lands where well drained, are said by
many' orchardists to - produce "all that
Is desired both as to 'tree snd put.
The walnut -Is m rapid grower and a
heavy' feeder-and should receive ths
same Intense cultivation' that is given
to - fruit ' trees. The- soil should he
pjowed or disked in the spring, and as
soon as it is possible to get on ths
soil a.fter the rains of winter without
danget of puddling- It, ahouM be culy-
vated an harrowed to the depth ot
two or three inches. The underlying
principle of .this is simply to conserve
the moisture. The moisture can be mad a
to come up through the trees and be
given off- through the leaves and not allowed-
to escape IntoVthe tr from- the
soil. -Tillage should be carried on
thoroughly during the, summer month
up to about the first of August, whn
vetch can t sowed.- This is to be
plowed under In the ' spring. , Vetcli
adds a great deal of plant food, namely
nitrogen. It also produces humus or
decaying vegetable material.
Easy to Harvest,
There is no trouble In harvesting ths
fruit from a walnut orchard. Light
shaking of the trees will cause most
of. the nuu, to drop after they havn
become fully ripe and the husks begin
to split The walnut does not ript-n
uniformly so that It Is not necessary
as with most fruits to gather it In
within a limited period. This keeps
down the expenso of help. When the.
nuts are gathered, the husks are rc-
"H nul" wasnea ana rinseil.
This is easily done by throwing them
into a churn or barrel. After the nuts
sre washed, they are cured, by allowing
them to remain out in the sun on plat
forms or trays. In some cases thev
are dried by artificial heat being Placed
in a temperature of at least loO de
gree Fahrenheit for a number of hours.
After the nuts are cured, thoy ar
placed in a cool place where they can
be allowed to stand Uritll renditions
or the market are right for shloDlna.
The Increasing demand' for nuts Is
evidenced by the report of the chief
of the bureau of statistics at Wash
ington, D. C, which shows that in
1902. 12.000.000 pounds of nuts were
Imported from Europe alone and 30,
000,000 pounds In 1907, nearly doubling
In two years.
The consumption of walnuts In the
United States is 3VOO0.00O pounds and
the annual production only 13,000,000.
While the consumption is growing rap
Idly, the- setting out of new land for
walnut raising offers the most invit
ing opportunity for reliable Investment
In the horticultural line.
In California, the production is In
creasing but slowly and It has been
estimated that should It double that
amount In the next 10 years, it would
mean less than half a pound for every
person In the United States. This
means that the population of the coun
try Is increasing more .rapidly than
the combined ratio of the Imported and
native nuts. The California nut Is much
superior to the Imported nut but the
Oregon nut is superior to both.
In California It has been estimated
that a yield of 300 pounds an acre
would be profitable. At least 600 pounds
of nuts should be expected from an
acre. The prevailing price at the pres
ent time Is 18 cents per pound for tho
Oregon nut which would mean a .yield
of $108 per acre.
From a leading Portland firm has
been secured a table of results from
each acre planted to walnuts, using
cherries and filberts ss fillers. At trie
10th year, on a very conservative basis,
the return would be $222.50, the ls!tli
year. $342.70 per acre, 15th year, 4l
per acre, the 25th year. $825 per acre
and so on. One college -in - town , is
planting a number of acres In walnuts
with the Intention of using ths Income
Obtained from the walnuts as an en
dowment fund for the college. Bankers,
doctors and other men of prominence
throughout the state are planting wal
nuts to use ss an additional insur
ance. ' - . 1 :
In -addition to all this, there is the
Joy of living on your own place and
with the opening up of the new elec
tric lines -through Oregon. It -will al
most be possible for people - from this
city to live out on their walnut farms
and come go town each morning to
work.'' - .-.'; r
REPORT OX SALES :
' INEIVERDALE
Chapln Harlow report the following
sales in the Riverdale district which
comprises Riverdale, Palatine Hill, KJv
slde and Abernathy Heights:,
Eight acres, formerly owned by -John
8ommerville to F. C' Graham of Port
land; 4 acres, owned by the Breyman
estate to Carlos H. Smith, comptroller
6f the Elgin National Watch company
of Elgin. 111., and Alfred La Voie, a re
tired real estate broker- of Chicago; 4
acres from J. J. Graham of Albany, Or.,
to O. A. .Hoffman of the Wiley B. Al
len Piano company of Portland; 1-3
acres, formerly owned by Judge Wil
liams' to Ira -F, Powers of the Powers
Furniture company; 4 se-100 acres from
the Breyman estate to Frank C. Savage
of Portland; 10 20-100 acres, formerly
owped by Isam White to a. local In
vestor of Portland, whose name is be
ing withheld 4 40-100 scrss from C. E.
S. Wood to Walter V, Macks of Port
land. ..---.--:'-.- -. -.- -' - ,
All of the new owners will commence
to improve their .tracts and -to build
beautiful homes upon the Sams.' and
have them conform with the homes and
me improvements wnicn now prevail in
this district. Riverdale Is one of Port
land's choicest suburban residence sec
tions, snd In this section are grouped
many;-of the most beautiful couutrx
homes of the-clty. -