The Oregon daily journal. (Portland, Or.) 1902-1972, January 03, 1909, Image 49

The Oregon daily journal., January 03, 1909, Page 49, Image 49

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Newspaper Page Text4 V HEAVY PEALS Bl) VERY GOOD BUSINESS FOR HOLIDAY SEASON i Dealers Look Forward to Era of Unpre cedented Prosperity for the Coming Year-Mysterious Purchases in the North End of City Cause Speculation. Heavy trading m the north Portland arehousa dUtrict with several deals .' In medium priced central properties and the usual extensive trading in all kinds of residence property constitute the rum of last week's realty activities. ( The imnortant transfers have . been noted from day to day In Tho Journal "With business in this condition in the very midst of the holiday season. brokers and operators are freely propb esying a year of unprecedented pros perity. - - , Tha one absorbing topic of discus si on among brokers,joperators and prop erty owners Is the heavy buying move ment In the. tier of blocks between Twelfth and Thirteenth streets extend ing from Hovt street north to the river, It seems to be conceded that either the liarriman system or the mm system is acquiring this tier of blocks. Positive dentals were' made by the local rnpre- sentatives of both the big railway Inter sts centering in Portland that either line Is buying- more . Portland real es tate: however, there la bo denying, the fact that Immense sums have been In-' vested m that tier or diooks- in tne past DO days and a treat deal more Of it tied up in options. , - . . Broken Actira Buyers. Several of the more prominent brok er have 'been actively - ene-acred in buying along this strip and in securing snort time . options irom maiviauai 101 :- owner. ? " Charles K. ' Henry, whose name Is 'most frequently heard in connection ....... with the heavy movement of properly ' In this district, denies emphatically that be has been buying property for either ' road or that he has anything to do with any movement to secure terminals for any road seklng to enter Portland. r Mr. Henry further saldrtnat an his ac tivity in buying north Portland prop- erty Was dua to the fact that be had been commissioned to buy a number .of warehouse sites and that he bd secured six sucM parcels in the past few weeks. Thesey'together with the parcels sold by other brokers makes 14 warehouse sites purchased by prospective build ers in the north Portland district since November I. . ' - . ,,. , S A The quarter Mock on the eouthwesV corner of Fifth and Davis streets, cov ered with a three-story brick, accupM by the Ames-Neville company, has'been Surcnased by O. A. Kltan from C. M. sborne and Sarah. A. . Ne villa. The consideration has not been made public, although It is known tOfe have been bout $66,000. Mr. Rltan, the pur chaser, is a lumber man. who has been In- business here for many years. He ?urchased this property purely as an uvestment. - '-!: ..-..-; - .1: John A. Belmont has concluded 'the purchase of a lot on the southwest cor oner, of Fourteenth and Overton streets. The property formerly belonged to t,. i K. Kern and was sold by E. J. Daly , for 122,000. Mr. Daly also sold the quarter block on the southwest corner of Fourteenth and Pettygrove streets for 120.000. The purchaser Is n local capitalist who will improve the property at an early date. Portland Heights Purchase. E. 8. Jackson has purchased from T. J. Fording at Portland Heights block for which he paid $10,000. The property lies to the south of Hawthorne terrace, between Sixteenth and Seventeenth 1 -t Mew, Apartment Buliaing, street. Patton road skirts th block on tho east. The quarter block on the northwest corner of East Sixth and East Morrleen ireeLa nan neen soia to a local capltni ist for $31,000. This property was sold by J. C McOrew. It formerly belonged to St. David's Episcopal church, and was sold by It for $10,000. about ten years ago. , It is reported that band som hotel will be erected on the prop erty. T. J. Fordlna- hum nnrrhuM a 1n nn the outbeaet-4Krner of Reed and Guild streets. -- The property was sold by E. 8. Jackson- consideration I50O0. (haries K. Henry A firm cloned two important aales in the north Portlnl mia?t" rUTflnnk y t rffjVliirrrt' of Fifteenth said Johnson strents was sold to A. Moores of Salem. C. K. Qrelle owner of this property, the con sKleratlon being $J0,OOO; While It Is not definitely announced It Is altogeth- iinPlf,.t,h?t Pohaser "will be gin immediately te erect a four story " brf k '"thoue cn the site. 7 1,?? lntth m vicinity was ' ot.t ,ot southwest corner of Fifteenth and Irving streets old to a hw-al Inveator for $18,000. This prop erty formerly belonged to a Mr: Wrigfit rf X'nkjn county. Title to this property wss taken in the name of the Security Pavings A Trust, company, which, will act as trustee for the purchaser, . - , Judga Williams Sells. . Judge George H William has sold la L JLang a, hslf block (o Portland THE Heights for $12,000. The property is officially described as lots 6, 6, 7 and p, diock 8V, carters addition. Charles F. Tigard has purchased from Frank Dayton a lot and a fraction In the southwest Portland residence district. The property is described as lot t and the south three feet of lot 1, block 26, city. The consideration was zio.uuo. Another huge acreage deal in the Rose City Park district was closed last week by Fred A. Jacobs of the Jacobs-Stins company, who purchased for his com pany the Bichel-BImoa 160 acre tract adjoining Bella Crest and Hyde Park. The consideration Involved In the tran saction was $160,000. This is the .largest transaction in suburban acre age since the gales to the Jaoobs-Stlne company, and other addition handlers, of large blocks of the Rose City Park holdings two years aa-o. Mr. Jrnh announces that the entire tract Will be improved in the same expensive man ner a was Belle Crest and Hyde Park nu win luier oe suoaivided and put on the market Mr. Jacobs also closed another im portant land deal last wlr in th nr. :haso-of 4000 acres in the Goodnough f"Ti -"q on me norm name toad, in Klickitat county, Washington, for which he paid 1100,000. The Good nough Hlllg have long been famed as an almond growing district, and It la said to be the only land in the Paclfio northwest that will produce almonds.- i " prominent realty Droller is author- TO PROTECT OF REAL ESTATE OWNERS Association Formed in New York City Will Combat All Hostile Action From Any Source-Close .Watch to Be Kept on Municipal Bond Sales. " The Taxpayers' congress, an assooia- tion composed of New York real estate owners and broker In metropolitan real ty, has Just been organized, having for its purpose the proteotion of real estate against hostile action from Any ource.' The- esbectal -function of the new organization will' be to .keep close watch on the taxation of real estate. to prevent the waste of tax mmuv hv irresponsible municipal boards and to take a hand In municipal politics when necessary to protect the Interests of real property. - in a recent issue or the New York World appeared the following state ment of the organization, object and ims of the association: 'Widespread enthusiasm sreeted the start of the organization work for the -.Taxpayers- congress. "Property owners in all parts of the greater city poured congratulations into KinK and Washington Streets. tne New rork Real Estate Board of DroHn, wincn tar supporting the move ment, all last week. Thev are nnjinl- mom a ine nee a or h. central nr. ganization, which shall represent all owners end all localities eomnletplv unA impartially. They are eager to Join the i;ainjjiKn in tneir aistncts. "heveral larire associations of rl estate owners are preparing to become part of the TaxDavers' conrrau Th. work of organizing the 41 divisions into wnicn Aiannattan nas Been divided. f progressing rapidly, although an under taking of such magnitude must proceed "ii" comparative slowness at tne start. After the most Influential Interests in all sections shall have united in suffi cient numbers to form strong local or ganizations, the work is expected to go ahead rapidly; " All Bodies Harmonised. . "All existing associations of property owners In the various localities are to be maintained and protected by the board of brokers, so far as the board's work in organizing the Taxpayers' con gress Is concerned. . The board wants to do everything in Its power for the bene fit of realty and real estat owners. It will not work agalnat any realty organ ization. It will use Us strongest influ ence to harmonize all such i bodies Where property owners have their own organizations chairmen of divisions in J "irain art expected to submit Iue W0Tk.,of t1 Taxpayers' congress to the cH.) iHunir associations' tnre. - The win mo t aot with, the t "v "-1 f , , t i . - i? ' t ' ., '-Ml, a ' OREGON SUNDAY JOURNAL, PORTLAND,' SUNDAY INSIDE ii -- i f'Li 'ki - - nil - . -l V: k :x ' f- - r ills . fi i ir !i III ' - -. - y I II I ' ' i II I i b t, ,.fc. Mifprri h . , Bp 511. ii A Residence of George .W..Akers, 686 Elliott ATepue. . Hy for the statement that two and pos sibly three transactions In central bus iness property will be closed immedi ately after the new year opens, and that -in each case a modern - business structure Is to go up on the site pur chased. It has been known for some time that one of the leading depart ment store -firms was In the market for a centrally located quarter block. In -fact this firm has anhmlttori sltions to the owners of two quarter blocks located. in the very heart of the rcuui district. or one site. $400,000 "1 was oiierea, wnue lor me other, slightly k less desirable. $275,000 was ine consideration offered. Rnth nfrr. nam UBClinea. INTERESTS Is ting bodies In a harmonious advisory capacity on all matters; relating to the Taxpayers' congress.' "The main object of the chairmen ap pointed by the board of brokers Is to arrange for complete, impartial repre sentation of an taxpayers and of all realty interests in their individual di visions through the election of dele- ?ates to the central body. Where dis ricts have existing organizations, the hardest work that of establishing di visional organization of the congress Is considered accomplished and all suoh bodies are urged to Inorease their pow er, prestige and local Influence by em bracing all taxpayers 1n their individ ual localities So that they can be rep resented properly in the congress. XTo Difference of Motive. "The board of brokers has taken this course because It does not Intend that there shall be any friction or differ ence of motive In the various divisions. i ill f It : Residence '.We.' ' . - . 1 .... r1:. fi ' i -,' ROFffiTY featim Of WEBCS f 4 r',, v(. , ,,y 'IS; N. " f " ' ' ' C t - t Ss u r7 I f, l5;:ir" ' ! - rr . J I ' lift fi i:i . .,we'i" ( v.-v, ' All are striving'! for the good of tax payers, which means the srond nf ail the people, because rent payers suffer mruugn nigner rents when the taxpay ers money is wasted or when real harrasaed by hostile foroes of any Kino.. Aitnougn large, eXflclent or ganizations of property owners exist in -ii i ,'"pa"e. may do not exist in all localities, or in half, or even in a iuiiu, ui me city. t"Ti1e,-Tfx.pav?rs' conKpfs i Intended t?nZU ienL&ll completely and impar t ally. In that will lie its greatest in fluence. And to accomplish that the board of brokers has appointed chair Sen 'nr , 1l"t', although the chap men in districts where good organlsa- J!irVhXl8t,already wl" have to under take the pioneer work which will fall on those who must form entirely new associations In districts where none ex- Ho Politics In Movement. "ClVIc bodies throughout the rreater city are rallying to the support of the new. Taxpayers' congress. 'Af ter a most - exhaustive lnvesHrsr tlon, leaders of mimv uimh I tions have been convinced that there la rnn Tin I i r I n a tv .in. 1 . -. . , ,,, utaierminea eirort Or taxpayers to form a powerful central protective body except their widespread desire for better government The movement is backed by no political in terest, no ambitious partisan combina tion. "The New York Real Estate Board of Brokers has undertaken the organlza- uuii-vi inn uuugrfxs in response to per sonal demands from taxpayers in all sections of the city where its members are active In realty transactions. As soon as the local associations shall have sent their delegates to the congress, the board of brokers will step aside and the congress will draw up its Own consti tution, frame its own by-laws, elect its own officers, fix Its own disbursements, carry on Its own business for the bet terment of municipal conditions." "That Taxpayers' congress Just or ganized In Greater New York is a good thing for Portland to keep its eye on." said a real estate operator to The Jour nal yesterday. "I don't mean to say that such an organization is necessary here now, but one can never tell what lllliiifi i; i-r; : a-r- .- . 1' of F. H. Ransom, Madlsoa "and as . crx? :' : -' ; -.trr-: I '--Xv -1 MORNING, JANUARY 3, - - ' II ;. . : I .:?.'J'!.1S.': st -or- ,'.-. ---m t j it s ft i Harmon Residence, Head of Lovejoy DETTCD ULIILU Ii III HEN YORK The New York World says that real estate on. Manhattan island Is in great er demand than at any time for many years. Buyers are eagerly snatching up anything in sight and at prices they would not have considered for a mo ment on year ago. "Real estate has absorbed $100,000,000 of investment capital since the Dassinr of election certainties a month ago," says the World. "Genuine prosperity has spread Into all Quarters of the market. Invoatnm are placing money confidently Into all classes of substantial properties. Spec ulators' are resuming operations In all sections where the lull of the past year or two has left big possibilities to be discounted. "More than 125.000.000 waa tnvnlvakH last week alone In the purchase or im provement of realty in the greater city. Of that amount nearly 115,000,000 was absorbed directly by sellers, while I, 000,000 went into mortgages and $, 000,000 into new building operations. During the Drecedtns week th tnti i had reached $35,000,000, the buying alone making an $18,000,000 total, while mortgages ran up to $10,000,000. the future may hold In store. This Is a great and growing community. The his tory of the big, prosperous cities of the west shows that they are always looked upon as luscious morsels by the taxeater, and there la no telling when it may become absolutely neoessary for property owners to organize for their own protection. An entire battalion of the German rmy is Doing trained in the use of air ships. it 2 ".TIDVtT iiumu 1909. StreeC TELLS OF VIEW By John CampbIL Secretary Confederated Onion Growers Association And now along, comes J. II. Grande, all the way from California, and con- ture befrazzlement, con sequent oh bis be uuici wiin in, nnnr ra m 1 nn nil Tl i ;ng aupeo into an organization of SpecU' latOrs. dealers an A TailAr, itf'tha.mn. federation, who, he says, have bought losTiiy in onions and in order- to pro tect tneir hoininsrs Iniinrut that nnnr farmer to organize and elect those of ficers and sueculatura to handln their crop ana advise mm to hold their onions, and thus give the speculators a chance iu uniuaa tneir cheap onions and poor aotly the way the Golden Rule dealers have been doing the farmer, and we know mat tne gentleman Is not sincere In his sympathy for the farmer, go we must let him weep alone, The Confederated Cmnn Orimn' sorlatlon Is not a new organization. It was not organized by speculators or dealers, but by the farmers themselves and Its aim is to enable the farmer to ep in toucn with the market, and help him to market his nrmlurt tn th- hu advantage and so get a fair share of his hard earnings, if was incorporated, I believe, in 188. The officers are elect ed each year by the farmers themselves. The officers do not dictate to farmers when or at what price to sell, but is an aavlsory board; sets a minimum price; advises Its members not to sell below the price, but to get as much more as ther can. Tha officers do not speculate In OnionS. It la llmnlv mnn,r, 1 1 17- plan to assist the growers. Our organisation is young yet and we expect to make mistakes, and possibly appointing distributing agents outside of the association Is one, but wo are willing to learn and rectify mistakes. We are beginning to notice thlnga al ready, for instance, how the dealers howl when the farmer cooperates for his own benefit. They will soon notice that the California and Oregon dealers have been in league these many years to fleece the farmer, whom they con sider their legitimate prey. He would h,av? ?"th,nk that "lroad companies. United States mall, etc.. will help us sell our produce without cooperating. Pi1.. 'P. far.1ier knows by sad experience that the railroads take a big slice of his pI?nt?u 5r transportation.- and often after the dealer is through with him, he is indeed frazzled." as our sympathetic friend says, and that is how the Gold en Rule principle works in business. Do the other fellow If you can, and especially the farmer for he Is Indeed easy. i nave tieror Fanno. president- of the association, ad i!iiik mwi to sen some onions, and try to keep the price at about lo fer pound. .We have made up a car at hat prloe. A dealer at this place is offering. $1.10 per 100 for car; to be shipped to Spokane the state where our good friend la going from here, to buy onions for lc. Farmers, take notice! Does that look like a corner. Of course the farmers read The duumim ior inoy are wiae-awake and know a good thing when they see it, at '"L" V,c. "rv ""ginning to notice. - Surely Mr. Grande would not think of putting the Intelligent farmers of Oreeon in the Same r-lnaa tRn i- California, who will allow the dealer to hoodwink him, and lead him around at -tha gentleman frora CatlforalaTTi kept busy minding his own business why does he overtask himself meddling with ours. In view of all the facta. I ers are not try In a- to corner th- nl.in wiiiK-vnifnii, wiu mmm iiuii in, r,pm. but merelv to enH-avnr t I K.i. B r Ja span haa iuoceeded in reducing the riber of drug fiends materially by nurnper or drug fiends materially by iuuki imrnses ixor tne use of opium. , . U-1 The most recent, mndata e - i- mine locomotives haul five times the load of a mule team in two thirds less time. . .i . Mill GROLVER TRADING' Residence of, J. Cramer, Cornell; Road. ' ! FOR IDE GOOD 0F0REG0 This is the first of a aeries of articlJ which will appeae each Sunday. Thel will be written by varlou,authoritles: jrrcu 1'iuiier. secretary if oar a y j i 1 tY' J"K i' iju new year adsrnnl viauais as wen as communities, we, a Inclined to map out a plan of action. J far as our city Is concerned, our energl naturally ra rttrti -.--.r. development and nmnalnn InthlB connection there 'is one thirl brought to fhoron which in, I n n t it fif,i ..... 1 it IS possible for us to attain the brlgH CI . 1 uuuuumg prospentv. Which we all look nrmifllv n,Ba t TtJ ,act J tht the 'orces which aJ ul ur oeveiopment art bOlld UD Our clt mini mm. and nof from without "- ' 1 is simply time, monev and enr41 wasted to ret tortW nn. , - and felicitate ourselves upon what great city we have, and then let our erl Ii? ' iuntu"wn na our errorts ceasl wo neve collected a rew dollars If print a lot offsets designed to jet "3 u Z.. V we nave ner, and ho !"'"" '?" rJ "OB omer people corri here and take th mnnt tL.: I t.-r.Am " V,l Ull w.. i onougn as rar ss It .h. iT,-'i,.T- v. stage the proposition 1 ravnr nArtlIv ieartllyttegltlmate and trutH rui aoyertising or the oity advantaJ but what I wish to Impress upon o3 nuBiness people is the fact that ad nf 2f. Dy . ? aiimInation of print, literature is hot the "kindergarten" st2 lnAd'rfntPrblem of Pnslo1 Advertising in order to be effective must be backed up by earnest neraori. work along practical lines, showinl ?l3 facta advertised to be true. The most valuable work our commeJ cial. organizations can sccomp Ish in Tsd for Portland is to kindle tVe Spirit 3 cuW"Vh 'W?1 ot restless comrnel own pop"eMre WUl,,n tne breast "f H '-hViSfe "t so mud ir,- - j . aocompiisn by com 111 ii.?0!"'."! !?." ""vestWnU fi.,-.r ""."Tn ror ourselves, -i.'i," .h.ot5en? out "terature ploadin i- .T. .1.1 help us. bii "V3 abie to Put into the llterkturl that we send out the huov.nt tIkII we have suceeeHerf in " r '1 fh.t'u'hfm mo1 .oup h"5e"p"eoPJ that we are reachln. i . ffl.tJ?.fnJl-thV th bit opptuJ 1 " D'ng rapldl ih"5-.-W,hen w o workman ..wv UUB 4n.tu in our city oy invfnttn concern about outside capital neiled lliut ll 11)0111. W r aaH K.... I Millions are waltlnr for ln.im..t i , Lm-.LS.Sn in .PPle arm ad i.ing nq stirring. WOMAN "WITH $3500 STARVES TO BEATS . Denied Herself Food, Light and Fir So She Conld 8aeLft AH to Charity. Taunton. Vf-y - herself food fT;- "'i' ilrnnf t0""" he owned. She wiVf $3L. to chrch and charity. JT Miss Crvan rantoH h sr.. Jf?l.'!?-hf.f the savlngsbarTk fmT- .T--rr" bills wa She reirarded fir- u.i.. . i-- r" --em as iirxu iiihtf -m?er. B5V that from th R h ih. iil "5r room at nigh !n7uphdnrendl:m0n- dUro" she w hai5ldjV frm wno ho ?ehA bun ng.WYIe?,Vi"'M' ft Will. .in She . was a hleh viumi ... . until recentlv ti.-V ".'"Jl"1". n where tuition T Is free She waS fc-: something of a belle, but this end! when her crate tor money get In PLANNING TO ORGANIZE SCHOOL RIFLE CLUBS Washlnrton -T oi . ,. . . est in 'oixoolVmiptlclT come so pronounced. owln to the ,u1 1" 1-? ' whlot; .hale fUeC .hT,r.r:,'"rr.f11 waaaington, an -...." yiwinea ior other cltw th 5atit?al 5ar,'r ,promotiVuOIVfi h. iT. -Ti"""? . tnquUCfV clubs Who, , S k" .1.? caooibp- rl iTh -.k"00. el,fiBl t b (rillatJ t-n J"u"1 wrganizs mem '"v" . .'". iirst aecur ng th consent of the school authorltiea Bvcl .VV.P-'nted annually' by tb r.i.; ""oc,auon. w,t medJ K.t.Z;;; "i "I","? ,rIB members, i Y' ".M1" made to se fur. the formation of such rifle clubi In air agriculturaL colleges rtcelvin support from the r n - . 5i v iIIZM",, er-regular rm i wT I u"ij as instructors an piniel " wh,cn have :i"1t com An artesian well - -J", . J land, before a -anf V..irii"iE"? ter was found. - . . . ' "4 - .Eye glasses, tl at Metzgrg. w .