The Oregon daily journal., June 05, 1910, Page 21, Image 21

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Record of Transfers Shows In
vestors Putting Money into
Residence PropertyNew
Tracts 'Report Heavy Sales.
; Realty brokers report a marked In-1
QUlry and considerable demand on the
part of buyers for choice building sites
In the higher priced residence additions.
Marketing or subdivisions with the open
ing of the summer has resumed normal
activity; with the result that buyers are
more numerous thari for some weeks
past. Not in years has the capitalist,
biff and little, been more willing to take
; , any. realty, off ering,, provided the price
is within the bounds of reason. - In fact;
; the' dally record of transfers fljed for
. . record is conclusive evidence that capi
tal in abundance , Is , being Invented in
residence holdings greatly In excess of
what' has been announced.
Laurelhuret property continues in ac
tive demand, weekly :? tales , averaging
.well above 150,000; -Half a doscn or
Vnore transfers of Improved properties
in , Rose City. Park were made "Sast
week,' while unimproved lots In all the
additions surrounding Rose City Park
are selling at a lively Tate. In the ele
' vated country northeast of Irvlngton,
rdmprising Alameda Park and Olmsted
Park, home site buyers are absorbing
offerings at increased prices.
Numerous sales are reported in the
upper peninsula additions, ' Including
Walnut Park, Piedmont and adjoining
properties. Active buying is reported
in all of the new additions in the south
, eastern section of the city.
Pays $16,000 for tots." - 1
J. J. Howes has closed a deal with
Eugene Hooh for the purchase of lots
- 7S and 74 in Cedar Hall addition for a
consideration , of J 1 MOO- Mr, Howes is
a wealthy lumberman and Intends to im
prove his latest purchase with a hand
some home.- ''. : ;
a. W. Priest has sold to A. Gerard, a
local business man, a new six room co
' lonlal style dwelling located on East
Forty-fifth street, near Sandy, road. Mr,
Gerard paid J375.0 for the property.
Mrs. , Katherlna ,K. Sloan has pur
chased' from James Hlslop a B0 by 100
foot lot at the northeast corner of Sev-
enth and Harrison streets for $12,600. .
.One of the most important of the re
, cently reported' sales of residence prop
erty was that of the full i lot at the
, southwest corner of Thirteenth and Hall
streets, - which was purchased by Chee
'ter W. Hopkins from A. S. Graham for
J8000. ,i- .:; i'r v--::",:-r:
Another transaction in valuable resi
dence property recently closed was that
involving ; the quarter- block at the
southwest corner Of ., East, Thirteenth
and East Burnside street; which was
sold by A. L. Dimick to John G.. Welch
for 18500,
Another feast ; Surnslde ' street .f Jot
which changed hands last week. Is one
sold by Isaiah Buckman to David Mc
Keen -for I475Q, The holding Is Im
proved and is located in Etna addition.
L. P Beno Jbaa. sold, to Henrietta "BoU
len a 60 by 60 foot lot at the southwest
corner , of East Sixth and East Pins
. streets for 84000.
. Three Houses Change Kandi.
Three w dwellings' in - Rose City
Parte changed hands last week, as fol
lows: Dusttn Avery to John Mlkkalo,
consideration $3500;' J. T., Ennls .to
George E. Qulggle, 4600, and F,. H.
Hocken to G. D. Hoffman, 83000.' .
An Improved 60 foot lot in Waverly,
located on Kern street, near East Thlr
tieth, was sold last week by William
Dean to Noel it Post for $3500. .
Mrs.; NorahS." Burney has sold'to
Emma'M. Austin lot 9, .In block "I,"
- Fulton Park, for $5000. , This property
has a frontage on three streets and is
one of, the most valuable holdings In
that section of'tHe city. -
. Lot I, in block 11, McMillen't addi
tion, having a frontage of 60 feet on the
east side of Ross street, between Clack
amas and Multnomah, has been sold by
.. J. R. Caplos to Thomas Nestef for $3650.
- Louis Helnrlchs has purchased from
Sander- Salmonson a quarter of lat 8,
in traot VE." Overton Park, for $3600.
Property described as lots 4 and 5, in
. block 2, Raffety s addition, has been
sold by Maude, Griffith to F. E. Deni
son for $3500. The, lot has a frontage
of -100 feet n Ellsworth street, be
tween East Eighth and East Ninth.
. A small cottage arid 60 foot lot on Till
, amook street, .between East - Twentieth
and East Twenty-second streets, has
been purchased by Ruby Wells vMead
from Jennie, Michael, the consideration
Involved being $3000,
Major C. H. Martin has sold to Harry
M. Haak 75 by 100 feet, located on East
Twenty-third street, between Thompson
and Brasee, for $3600. ,
Two new cottages In Belle Crest addi
tion' recently completed by James C.
Logan have been sold to home buyers.
One, a five room bungalow, was sold
to J. R Lottrldgc, formerly from Los
. Angeles, for $2800, and the other, a one
and one half story, seven room resi
dence was purchased by E.-E. Daring
for $3000.
Mr. Logan has Just completed another
' house in Belle Crest which h will oc
cupy himself, -and- has had plans pre
pared for, rpur otners, wmca he win
I build this summer at a cost of about
$2800 each, ' '
IMPROVED TRACT
' SOLD FOR $12,500
J. O. Elrod has sold t a local investor
an improved 6Vi acre tract located Just
outside the' limits of Montavflla for
$12,600. The , deal was ' negotiated
through the- realty agency of Tom
Word.
. J. ,W. Crossley, associated with X O.
El rod, reports the. sale of five acres.
located on the ..Foster road at Gates
crossing, to lr. WUey Woodruff for
$3000. Dr. Woodruff will build a $4000
dwelling on the propertj which he will
occupy as a home. .
Mr, Crossley also reports the sale of
two .'10 acre "tracts of fruit land at
Longvicw. The property was purchased
ny a air, uuna vi uvu Aiignes, 1110 con
Sjderatlon amounting to $3600.
The ;hlghly improved farm ; property
known as the Webster place, located
two: and one, half miles south of Ore
gon City, has been purchased by J.
Cv Elrod, 1 who, plans to subdivide it
Into five and 10 acre tracts and put it
on the market as fruit land.
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This Number Issued Last Wed
nesday; Cost From $1000
to $10,000 Each.
Modern store and hotel buildings to be erected on Fourth street, between "Salmon and Taylor, by Mrs. Ida Church," H.; J.' Morrison and - the'
Fidelity, Finance company at a cost of $160,000. 'Plans were drawn by Architect II. J. Hefty. ' '
IN
REALTY MARKET
This Partly Due to the Monday
Holiday and Interest in
Coming Festival;
'Measured by the realty transfers filed
at the office, of the county clerk during
last week, the real estate market failed
to hold Its own. This can be attributed
almost wholly to the holiday last Mon
day and to the further fact that every
body Is more or less interested in the
approaching Rose Fiesta. However, sev
eral sizeable sales were negotiated in
medium priced properties and a for
several weeks past, operations in outside
residence lots were numerous.
One of the most significant develop
ments of the week in the realty lino was
the offer made by a San Francisco In
ventor of $125,000 for the block occu
pied as a home by the late George H.
Williams. Thir property is oounaea Dy
Seventeenth, Eighteenth, Couch and
Davis streets and is immediately ,. west
of the block bought a year and a' half
ago by the school board for $90,000 and
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recently soia o 0. nensun iur nio.viw
cash. , The owner of the Williams block
declined ' the offer as the property J
held at $160,000. , , ,
As an illustration Of the Jealousy leit
by Seattle for Portland on account of
the much' greater activity in real estate
In this city than in the Elliot Bay me
tronolis. attention is directed to- an arti
cle recently published in a.V Seattle dally
Baner1 in which the statement is made
that a buyer of Seattle property declared
that he had Just sold his Portland propn
erty in order to Invest there, at the
same time expressing the opinion that
Seattle real estate now orrers greater
Inducements to Investors than Portland
real estate. The Seattle" paper goes on
to say that this statement bears out the
reports coming from many other quar
ters that there Is not as much of a real
estate boom In Portland as is generally
reported. - '' "
-r For tha benefit of Seattle, the editor
'17 Graduates at Albany. :
Albany, Or., June 4.-r-The program
for commencement week at Albany col
lege Is now complete There are 17
members in the 1910 graduating class,
and every one has passed his work with
.1.1. . . . .- ,
S. ItlIl avtsittKt:, iuino .tiKt4 jiiaeiuii lias
been chosen valedictorian for the class.
of this department of The -Journal
wishes to announce that there never has
been a boom in Portland' real estate,
but that there Is an immense Investment
activity here, and to show that there Is
much' more property selling in Portland
now than in Seattle an inspection of
the transfers filed for record daily In
the two cities Is invited. During , the
month of May there was property to
the value-of more than $1,000,000
changed hands in Portland in excess of
the total Of such sales in Seattle, while
the volume of building permits issued In
the two cities is greater in Portland by
nearly $500,000. ' '
J. Lindenberger (Incorporated), the
Astoria Salmon Cold Storage people
have purchased from E J. Daly and
Clara L. Smith, the quarter block at
the' southeast ' comer of Sixteenth and
Thurman streets for $25,000. The prop
erty is improved with small dwellings.
It will be held as an Investment .,
Negotiations . were . concluded last
week and the deed passed transferring
to Mrs. Clara E. Morey the quarter
block at the northeast corner of Park
and Salmon streets. . The property was
sold by M. W. Hunt and the consid
eration involved was $ 85,000. Mr. Hunt
purchased the quarter last' February
from Mrs! Sarah A. Merrill paying
$65,000 for it. Two years ago Mrs.
Merrill acquired the same holding from
A. C. Pike for $38,000.. The slgnifi
cant feature of the transaction aside
from the great increase in value aince
the sale two years ago, 1s the announce
ment that Mrs. Morey plans to lm
prove the entire parcel with a modern.
six or eight story apartment house.
The building is to be , a fire proof
structure. , Mrs. Morey . plans to be
gin its construction within the next 60
or $0 days, v - .
MAYOR SIMON PLANS : :
- NEW BRICK APARTMENT
Mayor Joseph Simon has : commis
sioned a local architect to prepare plans
year lease on the building and will fur
nish and sublet It. . -
and 4 specif iqations for , a t out1
story brick apartment, which he1 will
build on a 60 by: 100 foot lot at the
80utheas corner, of Nineteenth and
Marshall , streets. The - building,' will
cost approxlmatelyv$Z6,0Q0.; While, the
building will not be so large as some
other ' apartment houses" In , the city,
it will contain all of the modern im
provements and conveniences of the
more costly buildings and will he' thor
oughly modern in every respect.
I.. Gevurts & 80ns have taken a 10
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This New Modem Bungalow
-Situated one blocks west.of,tJnton ayenue.. near DekurojBVcnueJ3cst.
, car acryice. Five rooms and largo attic, full basement, fireplace and
beam ceiling in dining-room, laundry in basement, wood lift; lot 40x
100. Price f2T5O$300 to $500. cash, balance easy monthly pay.
- ments. For full particulars, see 1 : . ' ' . '
; : F, W. TORGljER, 106 SHERLOCK BUILDING
G. N. BEESLEY WITH:
COLUMBIA TRUST CO.
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G, N. Beesley. formerly in charge of
the real estate department of the Port
land Trust company, is now connected
with the Columbia Trust company. Mn
iieesley la one of Portland's best in
formed men In the realty line. He will
have charge of Columbia Beach proper
ty, throughout the summer, with head
quarters In the offices of the Columbia
Trust, Board of Trade building.
WOODMEN DECORATE .
GRAVES OF DEPARTED
The annual memorial services of the
Woodmen of the World and the Women
of Woodcraft, will be held in the Woodi
men hall,. East Sixth and Alder streets
at 8 o'clock tonight. Graves of mem
bers of the two orders will be decorated
this morning with flowers brought to
he halls by members. The evening
program Includes a number-of musical
selections by ' the Oregon Male quartet,
solost recitations and addresses. ' At
the close of the service,; "America" will
be sung, the audience standing.
Permits for 25 dwelling houses were
issued to homo builders in Portland
during Wednesday of last week. .These
Improvements will cost from $1000 to
$10,000 each and represent a total ex
penditure of about $67,500.
, The largest and most expensive house
for which a permit was taken out on
that date is a two story frame flat
to be erected by Joseph Morrison on
East .Sixteenth street, near East Main
at a cost of $10,000. . . ;
Another Important Improvement an
thorized is a two story,., frame ' resi
dence, whloh -will be built by. Mar
S. Whistler on Siskiyou street, between
East Fifteenth and . East Sixteenth
streets, at a cost of $6000. . .
A flat building for which a permit
was issued Wednesday, is to be erected
by Michael Doherty on Nartllla, be'
tween Main and Salmon streets at ; a
Cost of $5000.
A permit was also issued Wednesday
to C. A. Miller authorizing the erection
of a two story dwelling at East Twenty-eighth
and ' East Yamhill streets,
which will cost approlmately $4000. -.
Permits for the following $2000 cot
tages were issued on that date:
Joseph Gill, East Forty-fifth street.'
near Sandy road. '
A. M. Bell, East Eleventh, near Main.
- I. W. Shapput, Glenn . avenue, be
tween Hawthorne avenue and East Mar
ket street. 1 .
Fred Bauer, Rex street, between East
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twcuti Tilia in--k mil
John Ambrsun,
tween Thirtieth ami
A. Slnctt-y, Ktnt r,
Oat man and I !,?:; .isf
P. I. Iianuil, Jor!un stre
Butler and f.i '.').
A. L, (Joffoy. Mliiprva stu
Cemca and S. I'. dpoV .
O'Malley ami S-rurve. I 10, Uvt 1 -tween
East Thirty-seventii and last
TMrty-elghth streets.
Caroline Itodgers, Burraga street,
near Holman.
F. A. Sllvernail, Oak street, between
East Eighteenth and East Mnetrenlh.
. C A, Maher. East Market, between
East Twenty-third asd East Twenty-
fourth Street
Joseph Wetsch, Dover street, between
Vaughn and Upsur.
EMBEZZLER GOES TO
SERVE FIVE MONTHS
W. E. Douglas, after a long struggle
to keep put of Jail following his con
viction on a charge of embexzlement
from the Thiel Detective agency, has at
last surrendered himself and entered
the county Jail to serve out a term of
five months Imposed by Judge Morrow
many months ago.
Although charged with taking up--wards
of $5000, the Jury found him
guilty of embezzling only $25. and a
light- sentence was imposed in conse
quence. An appeal was takes and
Douglas was released on bail, but sev
eral weeks ago the appeal was dis
missed. Jle was once employed as a
bookkeeper by the detective , agency
and, his trial involved a long examina
tion of the accounts.
Wins Shooting Championship.
(United Prfs teased Wlr.
AJantlc Citf, N. J.,, June 4.The
world's amateur shooting champion
ship, the principal contest of the New
Jersey Sportsmen's association, was
won this afternoon by Charles New
comb, of Philadelphia, with a score of
97 out of a possible 100 targets. New
comb was awarded the Atlantic cup.
IMCo (M( KrT (1 flfn fPi
HAS PURCHASED THE
$20,000 Stock of Cloaks, Snits and
the Lease of Gnmberf s
334 Washington Street, Opposite the Owl Drug Store
JW
Must get possession of the premises by July 1st, in order to make;
, the necessary alterations. , As we have absolutely, no use for
cloaks and suits (THIS STORE WILL BE A SPECIALTY FUR
SHOP) we have; marked every, garment for quick selling. Re
member every.garment is high grade, this spring's merchandise;
some of them haying only arrived within the past ten days. If
you are seeking good substantial tailored garments every one
being strictly all wool, best workmanship and lined with guaran
teed linings and trimmings then this sale will interest you and
save you from ONE HALF TO, TWO THIRDS what you would
ordinarily pay for these goods elsewhere. If you are looking
for trash then this advertisement will not interest you, as the
stock is - free from past seasons and, undesirable merchandise.
Sale Begins Tomorrow, Monday, at 10 a, m
Great Sacrifice of Ladies Suits Great Sacrifice Cotton Waists
Great Sacrifice? Misses' Suits Great Sacrifice, of Silk Wai3ts
Great Sacrifice Women's Skirts
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Great Sacrifice Women's Coats
As stated above prices marked
on air the merchandise is with-
Great Sacrifice of Linen Suits out .thought, of cost or value.
JNVLSTIGXTL THL TRUTHfULNLSS OF OUR STATLMLNTS
'flndsQR Bay fwi Co "
"7JVVashTrgtbi"StrT, Agency of th Henderson Corset OppOSltC Oivl DfUj Co.
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