The Oregon daily journal., August 21, 1910, Page 12, Image 12

THE OREGON
SUNDAY
JOURNAL, PORTLAND, SUNDAY .HORNING, AUGUST 21, 1C10.
iiiy in i
ftEALTYNURKET:
. :mar.d for Local Property In
creases Brokers Report
Wide Range of Inquiry for
Week. ' ; . .
Th Immense amount of new, con
struction for which permit navo been
Issued ince August first, has produced
marked quickening and renewed in
( terest ia the realty market.. "In fact
the demand for local real estate ln
created last ; week, while the brokers
almost without exception report a wider
ranse of Inquiry from buyers and pros
pective buyers, than has been noticed at
any time since the warm season set in.
Brokers and operators are more optl
mistio than for some weeks past
The feature of the August trading, la
the large araouiit f , foreign money
seeking investment in Portland. By
foreign, An meant capital from other
parts op Oregon' and from the middle
west. ' , r--s
- Karket Has 'Harrowed.
Xuawt'hAUu8ily"th:'7:auUet
month of ths year, and while the month
may not .be so bad In Portland as th
came period in former years, still it is
undeniably true that the range of the
market here has narrowed considerably
si neelhe beginning of theV'dog days.
- Never were there ao: roany people out
of town as now. ' Thousands are at the
seacoast resorts and other thousands in
the mountains and away from the tlty
from one cause or another. The natural
result la that business of an investment
or speculative character, such as ars
most realty ' transactions, is experienc
ing: a decided check.' - -
1 Ifetiln spite, of this situation, the
volume of realty 'transfers filed with
the county clerk averages between $75,
000 and f 100,000 dally. , For the most
part these transfers represent the
smaller class of sales, ' improved and
unimproved suburban residence proper-
. ties for the most part
i "One of the largest and most import
ant deals of the week, was the final
passing of title to the SO by 100 foot
lot at the southwest corner of Union
avenue and East Burnslde streets. This
property was purchased by J. G. Ed
wards, of Hay Creek, Or., from E. Wt
Mutch for f46,00O. The sale was made
by J3. J. Daly. .
Best ' Acreage Bala.
The best acreage sale of the week was
a transfer by James Sargent to William
C. Black of 130 acres located at the head
of Willamette Slough near Harborton.
This is a part of the Barry property
wi.i 'Tal purchased by Mr. Sargent
kotos months ago for 116.000. It origin
ally contained 300 acres. Mr. Sargent
sold 180 acres a few months ago for
120.000,,; and last-, week's sale' was for
HE AAA L 1 . . (I .
giving un B, nv yryin VI
000 on the entire transaction.
For the, handsome new residence and
&Q$100 foot lot at the southwest sorter
of eixteenth and College atreets, P. Ci
Ka ley has paid L. c. Jameson 113.600
This Is one of the best prices so far
realized for Portland Heights property,
i Fred H. 'Strong took title to all of
block 2, Slavlns addition, from Ellen E.
Bond, paying $10,000 for it' This prop
erty is located south of the city and
west of Fulton park. - -'
,S. Ban, local Japanese capitalist and
. contractor, closed a deal last week with
A. K. Tlernan for the purchase of 16
acres of river front located near Har
borton and Ammona near the head of
Willamette Slough. He paid $14,000
. for the property, -i
For an undivided one half Interest in
Alexander Villa Homes a tract contain
ing 38 building sites. MV'CL Reed has
paid to Ros,Starklaud, $10,000..
The Improved 150 feet frontage at
outheast corner of East Ninth and
Going streets has been sold by A. L,
Whltten to A. E. Chisholm for $11,000.
t A.' E. poulsen has purchased from C
-TV. Erts a modem story and a half
even room bungalow occupying T0xl60
loot lot on East Fifty-third street near
East Ash. The consideration involved
. was $5000.
. C. B. Dean who recently came to Port
land from Kansas City, .has purchased
trora B. C. Hughes a new dwelling
bouse and 60 foot lot oh East Fifty-first
and Tillamook streets, Intltoss City
Park. The consideration named In the
transfer was $4250.
Doctor Boys Honi.
H. L. Kaser has sold to Doctor G. H.
A; St.urdevant a modern seven room
residence and 60 foot lot on East
Eleventh street between Thompson and
Tillamook for $4760.
E. S. Erts haa sold to the Pacific In
vestment company a house and lot
located on Claremont avenue north of
Mount Tabor, for $5000. ,
W. H. Monroe and associates havs
purchased two building tracts on St
Francis Hill for which they paid $8526.
Carl Abrahm, acting as trustee, has
purchased from John W. Albln the en
tire block front on Church street be
. tween Maryland and Montana . avenues
for which he paid $6000.
For a frontage of 150 feet on Belmont
street, between East Twenty-third and
East - Twenty-fourth, Jessie Francis
Eaton has paid -to Roscoe R. Morrllt.
- $3000. . . . .
I i k.- Si
irTrt-i'0! L i s- t i
F . - -L , A--H
august mm
Hli AGGREGATE
FULLY$2,ODO.O00
Portland May Take Fourth
Place in List of Cities of En
tire Country; Four, Large
Buildings Planned.
Under construction on Washington Btrert between Twelfth and Thir
teenth for Iiownson Brothers. - The building will cost approximately
' , 160,000.. . .','...
Railway Exchange Block Sets
New Record in Construction;
Will Be Fully Completed by
September 1. .
Hop picking begins earlier than ever
before...' ,,
Although not quite completed, tenants
are moving Into the new R&llway 'Ex
change building on tark street. Sep
tember 1 will. In all probability, sea
everjr store room ana office in thl)J
buildings completed and -ready for oc
cupancy.' I. In completing a-building of
this class in five and a half months, a
new record has been made in Portland
although Mr. Stlckney announced when
ground was first broke for the f oun
datlon last March, that he expected to
complete It entirely in less than five
months.
Completed, the structure will repre
sent an investment of pratcfcally $225,
000. On the ground floor are 17 large
store rooms and offices. The second
floor Is divided Into 18 large office
rooms, and each of the, tipper floors are
arranged Into 30 offices, making a total
of 138 office rooms on the five upper
floors.
The feature of the building which is
most valuable from an office stand
point Is the large amount : of glass
space In the walls. Nearly 70 per cent
of the outside waltspace consists of
plate glass windows. Philippine mahog
any was used throughout in the Interior'
finishing,' concrete floors in all of the
rooms and terrazxo floors in the corrl
'dors. ' .j ,
The entrance to' tho elevators, on
Stark street and the main Third street
entrance and" corridor leading' to the
elevators are finished in Vermont mar
ble with verde antique bases. Verde
antique was also used in wainscoting
the Stark street vestibule. While. the
general design In the arrangement of
the offices on the uppr floors has been
followed, still numerous changes , have
been made to suit the convenience of
tenants, in some Instances corridor ends
have been cut off and suites of two or
more rooms set apart for the use of
corporations or larga firms requiring
large office space. ,
The large basement light and airy,
is divided Into two compartments,' one
with an entrance on Third street and
the other e.ntered from the Stark street
side of the building. The elevator
equipment consists of two. fast electric
elevators, which are reached from both
Third street and Stark street 1 -'
More than 76 per. cent Qf the building
has already been taken under lease, and
applications, are on hand sufficient to
occupy nearly jyll of the un taken rooms.
One thing demonstrated by the build
ers of the Railway Exchange building
is the fact that it pays to put; up a
NEW SAWM1LL1S
INDEX OF GREAT
GROWTH OF CITY
Announcement That S. Ban
: Will Build Two Manufactur
ing Plants Means Much to
Vicinity. '
From an Industrial standpoint, the
most important development of the past
week was rtie announcement of the lm
mediate building -of a double. unit saw
mill plant on the Willamette river near
the head of Willamette slough.
Negotiations for the purchase of a
site for the mill was concluded last
Wednesday by S. Ban, Japanese con
tractor and capitalist, who took over
1600 feet of river frontage near Annona.
The property wua purchased from a
syndicate of Salt Lake owners, the con
sideration being $14,000.
The plan is to build two mills, one a
hardwood mill and the other for cutting
fir and other Oregon commercial tim
bers. It Is understood that the raw material
for the hardwood mill will be shipped
from Japan aa ships' ballast and will
consist largely of this valuable oaks
from Japan and Siberia. The oak will
be sawed for the local furniture mar
ket, and it Is not Improbable that Ban
and his associates will embark In the
furniture manufacturing buslnessvlater
on. This mill will have a 10-h6ur ca
paclty of 20.000 feet and will employ
something like BO men. ... ... v -. "... .v .
The larger mill 'Will, cut, to begin
with, 100,000 feet in a 10-hour day, but
wjll be .so planned that Us capacity may
be greatly enlarged In the event the
lumber market makes it desirable. The
sale of the site was negotiated through
the agencies of George D. Schalk and C
F. Bunken, representing the seller.
Mr. Ban now. operates a large shingle
mill neartthe site' of ths proposed ' mill
plant, and It is believed that the three
mills wilt be combined and operated
under one management Mr.' Ban left
for San Francisco Wednesday, night on
business connected with the (lew proj
ect and upon his return 10 days hence
actual construction of the mill will
begin.
fireproof building on leased ground,
even though the lease has but 27 years
to run. This structure is strictly a
fireproof Class "A" building, and In the
opinion of competent building engineers,
is one of the most durable and finest
structures of its kind in Portland. -
At the next meeting of the Interna
tional Cooks, Walters and Bartenders'
union there will be a determined fight
made by the bartenders to form a sep
arate International ' .organization. The
question has been discussed for several
yearsi . ;. .. ".J
All high building ' records have been
surpassed, in the first 20 days of' this
month. Figures compiled the office
of i he building inspector up to noon
yesterday show 490 permit issued since I
August, 1, involving an aggregate o-
vpendlture of . $1,600,000. If this (rate
Is maintained, according to Buuamg in.
spftctor Plummer. there is every reason
to bel eve the total for the montn.wut
approach $2,100,000, or a gain of nearly
$100,000 over the highest previous rec
ord made tn May. i As compared with
the first 20 daya of 1909 an increase or,
nearly 100 per ent is tihown.
A little over half of tha total for tho
month, so far, Ts included in four large
permits, one for' the Ben Selling build
ing, Sixth ana Alder. $400,ouo; tne new
O. VT, P. power station facing: the rtver
near the Inman-Poulsen mUl, $250,000;
the new dock and wharf ofnhe O. R- &
N. company north of the Steel bridge.
$130,000: and a five story fireproof
apartment house f6r the Reed Institute
at Thirteenth and Jefferson. $90,000. .
' Good Class ' of Buildings.
Ranging from. $10.000-to $40,000 there
have been Issued since August 1 a dozen
or - more 1 permits Including apartment
houses, store buildings ana comDina
tlon business and rooming houses.
New homes during this "portion or
August represent a total. valuation ot
about $800,000. This In itself is a won
derful record, possibly unequalled jn
the United States except In two or three
eastern cities in the million population
class. During that period over 200 new
homes have been started or an average
of one for every working hour of tho
time. " a ;." , " v: , ::
Building operations as shown by the
number of permits issued and the
amount of money invested continue to".
exceed ( all previous records ror this
season Of the year.' Indications for fall
and winter construction work point to
the employment of an Immense number
of building mechanics. The announce
ment was made last week and the week
before of plans for several large stores
and office buildings and on some of
these there Is every reason to believe
that work will be started late in the
year.
Apartments Seeded.
Up to this time very few fireproof
apartment nouses have been erected,
largely because owners of property
were unable to secure a sufficiently
high rental to Justify that class of con
struction. However, plans are on foot
which will Inevitably result in the con
sfructlon of several such buildings In
the next 12 months. The Reed Insti
tute apartment house is a case in point,
while owners of valuable sites in the
upper Washington street aistnct are
figuring with architects tn the design
and cost of fireproof buildings of this
class with a view to early building.
This remarkable building record ,1s
the best evidence of the ever-increasing
prosperity of Portland. From January
1 to August 20 the building Inspector
Issued permits with an aggregate value
of $11,117,772, while for the same period
In 1909 the value of permits issued
amounted to $7,881,227. The gain this
year over last foots up the astonishing
total of $3,226,545. The August rec
ord will no doubt place Portland among
the first six cities of the country In
point of building activity. In fact, the
probabilities are that only four cities
will have a greater August bultuing
record New York, Chicago, Philadel
phia and Los Angeles.
Brick Warehouse.
Architects Emil Schacht & Son have
completed plans and specifications for
two buildings both above the $50,000
class. One Is for 'a four story brick
apartment house 60x100 feet in dlmen
slons to be erected at Nineteenth and
Marshall streets at a cost of $65,000
and the other a four story quarter block
brick warehouse t he erected on East
Firsthand East Taylor streets, for the
International Harvester Machine com
pany. This building will cost between
$60,000 and $60,000. Tt Is to be of the
slow burning mill construction type
capable of carrying unusually heavy
loads, and will be equipped with large
electric freight elevators. . -
A permit was issued last week to
Mrs. Ada Simpson for a three story
frame apartment on Twenty-fourth and
Northrup streets. The building will
cost approximately $25,000.
I sam L. White has taken out a permit
for a $12,000 residence which he will
build on Cornell road at the head ' of
Lovejoy street. It Is to be a two story
frame structure finished in an expen-"t
stve manner.
Another fine home provided for by.
permit last week was that of L. T.
Wilcox which will go up on East
Twenty-first street between Brasee and
Knott. Mr, Wilcox is a son of Theodore
B. Wilcox. The house will cost $8500.
A. J. Farmer Is having plans prepared
for a 46x5S foot two story frame apart
ment house which he will build ort East
Eighteenth street near Bast Madison
at. a cost, of $10,000. It will contain
four flats of five and six rooms each
and will be semi-colonial in type.
A permit has been Issued to Henry
Kuehle for a two story frame store and
flat building on LastTwelfth street ie
tween Ash and Pine, to cost $12,000.
The United States Laundry company
has let the contract for' the alteration
and repair of the three story brick
building at Grand ..avenue and East
Yamhill streets which was partially
destroyed ; y fire two weeks ago. Ac
cording to the permit the rehabilitation
of this structure will cost about $25,
000. . ; .. ;' , .. , ,., :
Sol Bloom has taken out a permit for
the erection of a modern' two story
frame dwelling on Marshall street be
tween Twenty-fifth and .Twenty-sixth.
This Improvement will cost $6000.
The contract has been let bv Dr. 3.
,H. Montgomery for the erection of a two
story hrick ' stable on Jefferson street
between Sixteenth and Seventeenth.' The
permit, which was taken out last week,
provided for an expenditure of $7000.
Two Frame School Bouses.
Two frame school houses of the city
school district. were authorised by per
mits last week. 'Both of them are to-be
regulation two story frame buildings
and each will cost $10,000. One is to
cover a full block between East Sixtieth,
East Sixty-first. East Ab and . Efcst
Pine 'streets and the other to cover tha
block bounded by East Seventy-eighth,
East ' Secepty-ninth, Epst -Market and
East MUL
Contractors Gates & Young have taken
out a permit for a two story frame
residence to be erected on East Twenty
seventh between Thompson and Brazee
streets to cost $6500.
E. H. Ingham has begun the erection
of a two story frame factory building
at the corner" of Alblna avenue and
Goldsmith street The improvement
Will COSt $6000. - : . :" ' -
Another $6000 building authorized by
permit last week was the two story
frame flats to be erected,by B. Snyder
at the corner of East Thirteenth and
East Madison streets. . . ' '
7,000,000 Feet Lnmber Raft.
(Special Dlspttch to 5Tb Journal.)
. Astoria, Or., Aug. 20. A raft contain
ing 7.000,000 feet of lumber of. the Ben
son Lumber company arrived' down yes
terday from Wallace slough, and will
leave out for San , Diego today by the
tug Hercules.. ' ' '
.:y
Klamath Falls passed a telephone sys
tem ordinance over the mayor s veto. ,
,,n.f p ja p.nr
hUi L.i.LlO III hSuL.
liNBURuEDOVERAREfi
Much of the burned area at the end
of the Montavllla carline. Is to be re
built; with " brick,- if the plans : of the
owners of the property materialize.
Plans have already been prepared for a
brick store building 50 by lfiO feet to
cover a part of the burned over terri
tory, and it is understood that several
other lot owners have signified their
Intention of replacing the burned frame
structure with durable buildings.
. The house for which plans have al
ready been, drawn will be erected by the
Ukase Investment company at the cor
ner of East Eighty-first street and East
Stark street! Other owners- in the "
burned district are preparing to put In
the better class of Improvements.
A livery -and feed
well In Butte Falls. ,
stable could da
3
: "There are no two ways about it ' We mean exactly what wfc sav.' There are too manv reasons
. - . . .... ! ,W I .. , J
why our prices should be raised There are no reasons whjf they should remain what thev are,
ur:k it.. ...'.. .t.' :t j j r i l;. . . ' . v
(inw iu.5 wuus vi lauiudu, icauy lor travel uus iau, uiia poROiamy increasing every uay,
our prices Kave long been considerably too low. Therefore, Wflndyi tomorrow, at the close of
Dusincss, pncea win De raisea. - l
1M
Every Lot
to Be Raised
10 to 25
and Up Now
Tuesday All
Prices Higher.
f The Pacific Railway & Navigation Company announces that its new railroad will bA com- '
pleted and in operation by'fall. This will give a little over two hours' run to the ocearx beach v
i-a thing that has long been desired and never before accomplished. This, we believe, is ample
justification for raising our prices. Garibaldi' Beach, and MANHATTAN in particular, has
never had so many visitors as it has had this summer. Every one who sees the property is- a
' booster. , -.:'y .:: ; ;
'..,'-'-, v ' ;-'. . , . f
J THEREFORE, at the close of business Monday evening at 9 o'clock the last lot will have
been sold at original prices. Thereafter an advance 'of from 10 to 25 will go into effect.
There is only one exception to this rule. Every one who mails the accompanying coupon to us,
bo that the postmark is shown to be not later than Monday, August 22, will be entitled to buy ,
at the old prices, provided the sale is completed within 15 days from that date. This will allow ;'
all those not already familiar with MANHATTAN to investigate the merits of MANHATTAN
at once. ' - . '. ; : ' .''.V;
Reserve Your location Now at Original Prices
MANHATTAN has a wide sand beach. A perfect surf-bathing beach. No rocks or holes.
MANHATTAN has a large fresh-water Jake. ' Ideal for fishing, boating and bathing."
MANHATTAN will have the best train service of any present beach in Oregon.
MANHATTAN is now lower in price than any other resort in the state. ' ,
MANHATTAN will still be lower in price, after .this raise.
'. Ci" ' . i'j '' i iff. i" '"" --?- " -. ', ' t .... ' . n , ' ' 1 J '
You Are Invited to File Your Application for
7 Information af Once
This will protect you in securing low prices oil the lot you buy. The terms are easy. Merely
make a small first payment and agree to pay the balance at the rate of $5.00 per month. That
gives you a first-class building site upon terms that cannot be duplicated. 4 Beach property is
growing scarcer every year, and the prices will grow correspondingly higher year by year. The
time to buy is now, whether for investment or homebuilding.
Manhattan Realty Co.
x 228 STARK ST.
Portland, Oregon
. .. , . f'
Office Open Today, 2 to 4 p. m,; Monday Even
ing Until 9.
MAIN 392
A-2392
coupon
MANHATTAN REALTY CO,
. . 228 Stark Streef.
Please mail MANHATTAN LITERA
TURE. .This reserves ray right to buy at
original, prices, within 15 days from August
22, 1910.-.. . ... ?
Name
Address
..
' rlf .Kiav.f 'ki;iiK.'j
- i - l ..... . . . ummm m rnmmmimmmmwmwm kmmMmmmmim
Dpe'eb ot residence to be erected lor Beajamla Treatmaa at Sixteenth and College ttrcetB, Portland
, - Lawrence ,. .
Height.
prawlng by Architect Bills F.
AT THE MOUTH OF, TE NEHALEM
RIVER ONLY TWO HOURS FROM
PORTLAND. - REGULAR TRAINS WILL
.BE RUNNING BY THE FIRST OF THEFL00R Price proposition as we offer here.
YEAR. ; , ; ."'. , " - "
NEHALEM BEACH is a beautiful stretch
of almost level, sandy soil,,fast beirfg covered,
with a thick growth of vine orermuda grass.
The lots are all level and can. be built upon
without any preparation whatever. Nature
has blessed this place with all -the gifts in its
storehouse, giving to it the beautiful bay, river,
: lakes and mountain streams, with many cas-;
.cades! The SCENERY : SURROUNDING
this bay and river cannot be surpassed. Moun
tains, valleys, hills and forests can be seen from
our property. Both the ocean and bay beaches
are 'perfectly smooth; no rock or pebbles to in
terfere with bathers. "THE OCEAN BEACH
IS ACKNOWLEDGED TO BE THE MOST
PERFECT BEACITALONG THE PACIFIC
' OCEAN. MARK OUR PREDICTION-lIN
THE NEAR FUTURE YOU WILL SEE A
BUSTLING, BUSY CITY ON THE NEHA-
' LEM PENINSULA. . , ; , ' , , , .
-Mefale-iM
. THERE NEVER HAS. BEEN offered in
the city of Portland an equal chance to get in
AS GOOD , and AS SURE , A GROUND-'
, . ' Two years ago we' started to sell Nehalera"
Bay" Park in ACRE tracts at $25 per acre.
Since then we .laid the .unsold portion out in
50x100 lots, and it is now selling for as high as '
$750 per acre. We started to sell, lots in Ne
carney City a little over a year ago at $50 per
lot. JCow they self for $200 per lot. Seabright 'r
lots were started at from $50 to $100. Now the
.price is from $200 to $300 per lot, and within ;
a yeat, we predict that these same lots named!
above 'will ; bring more than DOUBLE the v
prices named. NEHALEM BEACH' lots wiH
advance MORE . RAPIDLY than either of the
foregoing, because the time of ; the, flooding of
that beautiful country by the . railroad, is
MUCH NEARER. All lots in Nehalem Beach
are 50x100, and the prices are as follows : Lots
fronting on Ocean- Bay' and Boulevard, $60
per lot.' ilnside lots, $$0, 940 and ?50 per
lot. Terms one fourth down, $5 per month ,
NO INTEREST. Our advice is, don't buy one
lot, but buy TEN or TWENTY of, them. Send
for our plat and circular combined. ,' , i
274 OAK STREET
PORTLAN D, OREGON
- ,v
1 "W1Mi;fir
A
V