The Oregon daily journal. (Portland, Or.) 1902-1972, December 27, 1908, Image 16

The Oregon daily journal., December 27, 1908, Page 16, Image 16

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Newspaper Page TextJ 6 , . THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY - MORNING,., DECEMBER 27, . 1908. ilOtlDAYS: J0?;N0T: GHEGCi VACTSVSTY DIM TOE- REAL ESTA1 mANSFERS OVER HALF Nevv'Christmas Record; Is Established in Unprecedented Volume of Realty Trans- m ' ''I1.' iit''i 1-1 'I f ; fers for. theWeekj Good Promises in Healthy Tone for Coming. Year. Contrary to- all expectations, , and ,a complete reversal of all former Christ mas week records, "the local realtymar ket last,. week, was on? of th'a .most ac tive throughout' the whole year Trans fers filed1, far' record' for; the first four days of the week' . aggregated nearly $600,600 'in': value, while other ! transac tions' were completed,: the transfers not going on record, which reached , the to tal of $200,000. Realty brokers, , with out exception, were prepared for a week of unusual dullness, but" reports from many sources show that 'many-dealers', offices were. overrun with. both, inquirers and purchasers. - , ' " . ' J Upon "the. whole, the .market' has a decidedly ' healtllv tone, ana when com pared with the stagnant hesitating, dis couraging; conditions of one . year, ago, gives promise of an activity during the coming year that will at leant equal the splendid record made ln .Portland , in the nrstThalf of 1907.;-, , . K-r-. ::"- Tar Ahead of Last Tear,,, Tfie" volume-of sales and Inquiry 'dur ing the past week was so far ahead of ttie same period , last year that . It la difficult to make a comparison. - Thin, too, at a time when; the holiday spirit Is supposed to have put out of commis sion all serious thoughts of larre-buni-ness affairs, gives some idea of what may be expected when the holidays are no more and men once more turn their attention .to the ordinary daily,, routine. From ' the way matters- are shaping themselves. It is impossible 'to escape the conviction that 1S07 is going to be a record breaker In realr estate trans actions. . , - ; i -..rf ,.,) 5 : v Outlook I. moseate., ;i : . E. J Daly; one-of the heaviest 'oper ators ,in- Portland -realty, both -as a broker and dealer, sizes up the situation J! follOWS .-,-' hi'ls ' t -. "The real estate, outlook to i me uls rosier than, it has! ,evet been since 1 . have been In business. As an illus-i tratlon, I . sold Thursday afternoon,; after banking hours, and at a time when every one Fs supposed- to the paying strict attention to the Tuletlde celebra tion, three pieces of real-estate, to one ' outfit, th : aggregate . amount 7. being f 97.000. In addition to this X have sev eral other? good deals on'. -, ' ( "One recent arrival 'Informed me yes terday that after Jooking all over the Vnited State he came to the conclu sion that Portland's future' was better than any place he knew of, therefore he would Invest ' !a recent Inheritance, amounting- to' about $100,000. in Port land realty. ' If the public at large felt the same way I do about Portland's fu-. ture, they would very -quickly get their money : up on real estate, while It ia yet to (be had at such reasonable ; fig ures. J think. Portland will double in population within JO years. If such' is the case, real estate values , will easily double. ' One thing that' greatly, retards values in this city -l the mis erable condition of the , streets, 'Which in many romlnent parts of the city art veritAhlA" murihnles.- . . "Vvnat must a tourist,3 after' alighting J from ' the train at the new North Bank urpui, -ilium ui t-it . . a , iiu)jc every reader of this will go dbwn there and take a look for himself, and draw his own conclusions. I have never seen a city of the siae" of Portland -where the property-owners had so little civic pride on the street ouestlon and, I am sine It is a very short sighted policy, even from a. selfish' standpoint.- One thousand "dollars syent in a fine per manent . street ' improvement- enhances til m , ';.:;:,: :7... mil1 U .- U "' t ft ! I V I I - I ' L I j n f - ... ,ti - m . Ti xs - r Urllon of i?tetl Frame, Melr'&-Krank Bnildlngr. - AG6S EGATc A the property value at . least four times that amount." .' ' :- - While no . definite . announcement of the .transaction have been made, it is understood that Mr IMly anrl "associ ates , purchased- citv property last week Jo the Value? of nearly' $76,000. ' - : .i Hnry Closet Big Seal, - -Charles K.' -ienry &" Sdn closed a deal Tuesday of last week for the sale of the quarter block 'the ; southeast comer of Thirteenth and Gllsan streets. The property ' was purchased by John Kiernun from "Dr. Andrew C Smith, the consideration..- involved' i being . .. $30,000. Mr. Klernan '.will proceed at once with the erection .of a brick, building , on the site, tenants having, already been secured;.- - j ' ' - .. The same firm of brokers, associated with D. '8. (Stearns, have also sold a half - block on Thirteenth " and ' Petty grove to California capitalists for $40, 000. This property will also be Im proved in the- early spring: - E. K. 'Merges closed a deal-Thursday afternoon for the Gaston homestead on King's Heights. . This property com- S rises, air of block 11 and a part of lock 13, in 'Kings addition, and lies between -- Salmon, - Stout- and -Main streets, and' is one of the finest' unim proved residence sites In this 1 aristo cratic King's Heights " district. The price paid for the property was $65,000. Humason ft Jeffrey negotiated the sale. ' M. B. Wakeman has sold one half of block' 42, Wheeler's addition, to T. 8. and O. W.'Weit for $25,000. No an nouncement has been made as to what disposition will be made of the prop erty bv the new purchasers, but as It was secured for an investment, it is al together proba.ble hat It will 1 be Im proved at an early date, ' ' Sal oa Saat Bide. . Fred H. Strong hasx-oncludeM the pur chase of a quarter block in block 124, East Portland, located In the east side warehouse district. The property was sold by Jasper C.'McGrew for '$30,000. "The Moy Back Hin Investment com pany has takn title to several parcels nf t.itv anA uViirhn nronertv. a Dart of which is In Couch addition and other parcels III Corona Far. Tne price m vni) -. in 'the various transactions amounted to $40,000. B. .M. Hawley has pu'rchased from J., D, Morris one lot n Washington addition, . and four lots in Ivanhoe, total ; consideration $8000. .1 n Mnrria - hns also sold Ho D. E. Oilman a lot In Washington addition for vcnn ' , .. . : : , r ... . Moy Back Wing has sold to the Mer chants Trust company a large number of parcels in iiowe s aamtion, consiaeration $12,600. I I . Matlock - has purchased from David Cole,-the "quarter block on the southwest corner of East Third and Oregon streets for $15,000. ' -- -The imnroveid quarter block- on the southeast corner of East Couch and East Seventh streets has beep purchased by Huldah: G. Holmes from,. Fred J. Bailey for $10,000. , ' ' swiss to Build Hall. , : The Swiss Hall association, a recently oraaniaed buildinr corporation, has pur chased one and a fraction lots on Third street, between Jefferson and Columbia streets, on wlUch.it la proposed to erect a hail for tne use or tne hwiss resi dents of the city. The propirty was pur chased from H. 8. Simon for $21,000. C B. Woodworth has completed the deal lor a 20 acre tract near An eta park. The property was purchased from Al bert Fehrenbach for $11,000. .1. K. Whitney has sold to Minnie A. Osborn. a houae and lot on the northeast corner of East Sixth and Halsey streets for $6500. . .. ; i . Otto J. Kraemer has purchased from the Colonial Investment company, a w nil, i l - - .1 .... V i i- ;? t' ..... I : uh I 1 handsome ; residence site on Fadham sites, paying for it $5000. I.,. If. McDanlel has purchased a house and lot on the northeast corner of East Twelfth and East Oak streets, consider ation $6600. -'.'',',''. Charles W. Boost has sold , to Antonio nani, tnree jots on tne soutnweac cor ner of Clinton and East Seventeenth streets.'" The property is Improved with modern cottages and was sold for $7(00. William Reidt has sold to the Oregon rteai jusiata company two tots on onoo site sides of Grand avenue between Multnomah' and' Wasco . streets for J5000., .- t ,- ,-7. V;-,...- : .,; -,:.: ; Healthy Tone of Hark.' ..- . . -The real estate "market is undoubtedlv in a stronger nosftion than at any time during the past few years. In fact the iocri situation is very much Healthier than It was during all of 1806, and the first .half of 1907. when It was no un usual thing for the dally sales to reach $1,000,000. The larger interests are quietly looking for investments in the down town section, and they. are, making no noise about their purchases. Much the larger part ot the business is being transacted ' through the offices of the better known brokers and Instead of re cording the deed for big considerations, one and 10 aollars Is tine consideration named generally. i Office building space Is in as great de mand as at any time-during the past two or. three' years. Business in ll lines Is picking up, even the hotels are dolrtg almost as much baslnessv. as Is done in the summer tourist season. -All of this helps to convince the real estate Investor - who i does his business on a conservative basis that the opportunity Is , here for handsome profits on care fully selected Investments. ' TRUST COMPANY' . 1JEP0KTS SALES The Columbia Trust company, 714 Couch ?. building, reports the following sales: a:-, - s , ! Lots 1 and 2. block 29, Patton's Sec ond Addition to'AIbina, A. Swanson to Mary A. Hutton. . Consideration, $1160. Lot 6, block 11, Hancock Street addi tion, B. M. Lombard to A. B. Benson. Consideration, $660. 1 First lot west of lot 2. block 9. Han cock Street addition. B. . M. 'E.nmharri tn Jean R. Mackensle. Consideration, $660. tots zi ana zi, oiock , Hancock Street addition. B. M. Lombard to George B. Pratt. Consideration, $1560. Ijois ib, i ana zo. oiock 6. Hancock Street addition, and two lots across the street. B. M. Lombard to George F. &nowies. consideration, $3Zto, Lot 16. block 6. Hancock Street ad. dltion, B. M. Lombard to A. S. Wells. Consideration, $660. L,ots 16 and 16. block 8. Hancock Street addition. B. M. Lombard to Daisv Dougherty. Consideration, $1300. ixt iu. diock a, central .Albina addi tion, August Swanson to W. J. Register. Consideration, $760. Lot 12, block 6. Hancock'Street addi tion. B. M. Lombard to W. a. Wrleht. Consideration, $700. Mrs. jaura snare to K. E. Pitcher, 283 Falling street. Consideration, S2000. Five acre tract on peninsula, helng the south half of lot 4, Glen wood park, J. W. Becket to Russell Brothers. Con slderatipn, $8000. - . . This firm has sold $28,000 worth of Broperty in the ;, Swinton tract since 'ecember 1. BRICK APARTMENT HOUSE IS SOLD , The , three story brick apartnfent house on the northeast corner of King and Washington streets was sold last week to a local capitalist for $66,000. The property belonged to A. 8. Ellis and was sold through the agency of E. J. Daly. - Mr. Daly also sold for 8. Morton Conn the quarter block on the northwest corner of , Johnson and Twenty-second streets for $20,000. . Two handsome new residences occupy this corner. Twenty acres of land at Garden Home was sold by Mr. Daly last week f con sideration 87000. - The half block on the west side of Fifteenth street between Quimby and Raleigh streets, was purchased last week by E. J.' Daly from C. R. Wins low. While the consideration Involved In the transaction has not been made lubllc. It Is understood to have been n the neighborhood of $40,000. BUYS STOCK RANCH NEAR BROWNSVILLE ' William Roberts of Pendleton has concluded negotiations for' the pur chsse of "the fine stock ranch of C. C. Calloway, located miles north of LARGEST CUT STONE BRIDGE COMPLETED New Structure at Hartford, Conn:, Has Unique Honor Far More Artistic and in Most Respects Larger , Than Historic Old London Bridge. Scarcely a week- passes without, the announcement of - the completion of a new reenforced concrete bridge in some part of the country, which is heralded as either the longest, highest or costliest structure of the kind In the world, but the $3,000,000 Concrete and stone bridge recently "completed across the Connecti cut river at Hartford, Conn., really holds the first place among , the . concrete bridges In this country. In a most recent number of Aetna, the following description of this re markable piece of bridge construction was published: ' ' "The new Hartfordi bridge, crossing the. Connecticut river at Hartford, Conn., which was dedicated with Im- rslng ceremonies on October , 7 and takes rank as one of the greatest stone bridges In the world, says the Aetna. It. Is not he ' longest, for the Cnnglrton viaduct In Kngland is con siderably "more than twice as long, and In length of span It is surpassed by several bridges In this country. There Is no other bridge, however, which has so many Points of suDerlorlty over all others. Taklna into consideration its site or arcn. Its length, its oreacmi, its perfection , of structure and Its sym metry of outline, it may iustly be ro- nouncea tne greatest or an its amp. Bridge of JTIne Arches. ; "The Hartford-bridge Is composed of nine arches, witn ' maximum span or 119 feet and maximum clear holaht nf arch of 46 fret. Is si reet wide and Its total length Is 119Z.6 feet. Iondon bridge, which has hitherto ranked first among stone bridges, ' surpasses It in onlv one - particular, maximum length of soan. In all others -it l Inferior. There are other bridges with greater length of single span, but moat or tnse are. ons span, structures and . very nar row. - " , ' "Not only is the Hartford bridge great from the engineering standpoint, but It Is very "beautiful In its massive sim plicity. . Its foundations are of concrete. Leete s Island granite, a stone of s a rteutrsl . color, extends from the top of the foundirtlons to the. springing line of arc hen. The arches and all of the struc ture above are composed of Stony creek frranite, a stone of a light, slightly pink sh hoe. . t Big- Stone Is Used. ' "In spite ef the proverbial dryness of statistics -some of the so called vital ones of the bridge are of much Interact. HISTORIC GASTON MANSION. ON. : ': , . KING'S HEIGHTS' CHANGES HANDS "if"""" - ?:: l:: The one transaction of more than or dinary . Interest concluded during the past week "in the realty line, was the purchase by E. E. Merges of the fine old Gaston homestead, .located on Kings Heights. Mr. Merges , paid $65,000 for this property and those familiar with the prevailing prices in high class res idence districts pronounce It a bargain. Its dimensions are 269x208 feet and It has a frontage on Salmon, Main and. Stout streets. For more than 40 years this place has been the home of . the Gaston family and they have-made of Ifthe most prom inent lanamarK in tne western part ot the . city. With the exception of the Kamm home and the homes of the Couch and Flanders families, probably no other homeslte In the city has been held In a single family so long. - The donation land claim of which the Gaston home is a-part" of No. 87 In the grants of public lands In Oregon., It was granted to Amos and Mellnda King 68 years ago. Mr. Gaston purchased his homeslte from the Kings In 1868, when that part of the city was trees and stumps, and to reach it from the lit-, tie town on the river bank one had to follow a ' cow : trail. . The purchaser thougtit he was 'buying far enough out In the country so that he could keep a cow, pigs and chickens and not dis turb the peace of mind of his neigh bors. , Mr. Gaston was frequently twit ted by such friends ,as Colonel Chap man and Captain Alnaworth -about se lecting a home out in old Yamhill. From the front porch of th Gaston residence, one can see nearly the en tire city of Portland, and can rcan a landscape of 6000 square miles of farms, forests, rivers and snow capped moun tains, a scene unequalled anywhere in the world for natural beauty. Here a lifetime haa been spent In collecting and caring for rare trees and shrubs. Some of the trees-are now more than . 100 feet high. There -arc rare fruit trees from Rochester, N. Y., chestnuts, hickory nuts and walnuts from the hills of old Belmont, Ohio, from whence the Gas tons came to Oregon In pioneer days. There is a chestnut iree from France, a maple from Vermont, t sycamore from Indiana, an evevrec"l nut-bearing chinquapin from Mount Hood, a madrona from Mount Shasta, an aspen from Lake Wappato. manr- Brownsville, Or. This ranch property comprises 936 acres, and was sold for $18,700. The" negotiations leading up to the sale were conducted by Neal Brown.-' - i For Instance, the largest finished sione used In the. construction of the bridge weighed about 41 : tons. There are about 100.000 cubic yards of masonry In the structure, and' about 125.000 barrels of cement were used In Ha building. The foundations, of which the deepest point Is about 60, feet below ordinary low water, were made by the pneumalic- camson process, ana tn Duiiaing inem two of the largest. caissons ever known were used. Each of them measured 46 by 131 feet. The bridge is designed to carry a maximum load without prac tical limit. It has a clear roadway of 80 feet, divided into two 10-foot side walks, with a 80 foot roadway between tnem. -, . - - f-" ; . ' Three Tears to Build. "It has taken three years to build the bridge and the jfst-of the, total bridge improvement nas oeen anout sa.uun.oov, Besidea the bridge proper the Improve. ment . Inrluden two boulevard, one at either end. The one at the western end Is-a mtle lonr and the greater part of It is an earth fill 70 feet wide and with a maximum depth of fill of 30 feet, car rying the. roadway over low meadows wnicn are . suomrrged in time or hlgn water. To alve relief durinr freshets. a bridge has-been provided, which. Is composed or elant 40 foot deck Dlate girder spans, with a buckle plate floor um n pnmi pavement. - The boulevard st. the west end Is 0 feet wide and has Na total length of 1808 feet. - It runs parall"' e the river tor J0 reet and then turns at right angles to cross the railroad tunnel and enter the bridge. -.,, I A " " Foraa Wblla Park. '., . "V "Urtslghtly tenements stood for many years where this boulevard now runs. Both 'boulevard and river front will be skirted by trees and flowers, forming a public park and a fitting approach to the magnificent bridge. . The bridge has been built under the supervision of a commission composed of representatives of the five towns In terested. The head of this commission is United : States Senator ' Morgan G. Bulkeley. ' Edwin D. Gravea is the chief engineer,-but illness forced him abont three years ago to give up the active work, which has been completed by John T. Henderson, deputy chief engineer. , A patent haa been granted on sn automatic crossing gate, operated by compressed air. the. gate being raised or v K,eaUia ef BAaalag ln mm-. .-,.y ' Uw "sl? in i iirfotiYi i - Gaston Homestead nolias from Japan and holly from the British Isles. - , t Round a portion of the lot is a stone wall, built of volcanic rock brought to Portland from South America as bal last. ' In' every way it Is a most inter esting old home, and has long been one of the show places of Portland.' Mr. Merges; the new owner of "the FROM BOSTON TO MEOOfED Love Causes Jliss Florence McDermid to Forsake , : lEastiorWest,- V ', i- , (Special Dlpatch to The JeurniH " '" Boston, Mass., Dec' 26: A romance which dates bacMlo childhood days will culminate when Miss Florence McDermld, daughter of Mr. and Mrs. Norman Mc Dermld, Star avenue, Middleboro, Mass.. becomes the' bride of her school day sweetheart. Wayland Chaee, formerly of Middleboro, but now of Salem, Or. Miss McDerinld will start alone the coming week for Salem, where the groom-elect Is a landscape engineer. Both went , to school together nnd graduated from the 'high school five Bollam Investment bu t ' " ' r XAl il T 'iM it IB.' x ,'.. 1 1 t ::. r t. :.t :. y av a r s-t mr (rxyTJ il i it II tWk- W : a : - PI i hi I . - v ra.-y -S -V'" f Purcrtased by E. E. Merges. ' TLt!.ie '..:, y !., T k . .... j t .W . . i . . -Oi'. li y; flma-itt' -Mm. . . Another View of -Gaston' Homestead. Gaston property, ' is a native son of Oregon, and one of , the most success ful of Portland's 'young capitalists. He has already matured plans i for elab orate improvements to be made on .the property. . A landscape architect will take the block in band and make of It one of -the - most -beautiful., residence sites In Portland. Mr. Merges has re years ago. During their school days their courtship was .all; sunghlna anS when- the groom left for the far west? they, were still, sweethearts. .Miss Mc Dermld attended a Boston' business col lege. Mr. Chaee is the Bon of Mr: and Mrs. Fred P. Chaoe, Pearl street, Mid dleboro, and a graduate of the Massa chusetts Agricultural college at Am herst. - , , . . , Upon the completion of his course he went 'to the Pacific coast where his. venture-has proven successful.- . CHEWING' GUM CAUSES YOUNG'MAN'S DEATH j. (Special Dispatch to The Journil.) : . -Asbury Park, N. J., Dec. se.-r-Archle C Morris. '18 years old, son of the Rev. and Mrs. Peter T. Morris, of Belmar, Is dead of ptomaine poisoning, caused by too - much use-of chewing gum, accord ing to the diagnosis of Dr. Charles H. Thompson, the family physician.- 1 The - young ,man had partaken freely of canned corned beef shortly before bis fatal illness, which began five days ago, and Dr.. Thompson is of the opin ion that j the : gum developed . the pto maine. - , . '; i i i ,- J :i - : ' ' '' - ' . . - - - . : t - : t --,-1 -. i- ., V Company's New' Building at Fourth .... a I '.-. -: f -J1 . i,- . . . i . u Wt-- i.-: f ft, served about onr third of the place 4m1 will build there one of the handsomest homes on : Kings Heights. The remain der of the block will be divided int three or four residence sites and snl to men of means, who will mnke Im provements in keeping ' with the im portance of the - location- and with tha homes of the surrounding owners.' PLilil TO SLICE Cottage Grove Men May Te tition Legislature, to . . ; lrriew Count . -, -- ,. v. , '- ' Ku'gene, Or., Dec. 26. Cotta'go Grov business men will possibly ask the leg lslature to form a new county from ths southern portion of Ijne and the north ern portion of -Douglas counties. For many weeks the plan has been under discussion In Cottage 'Grove. ' The. name of the new unit will prob ably be Bohemia. If the, two old couti tles fijrht the movement, the. Cottage Gxove people believe that they will not be successful fn the legislature, but that recourse-to the Initiative at a future election wilt be successful. - r'.y and'Ererett Streets DOUGLAS LANE .- i , ' -" ' A 1 t .. Y