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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 7, 1911)
. - . t TITO OREGON DAILY JOURNAL. PORTLAND, WEDNESDAY EVENINO, ' JUNE 7, 12 1011. ' ' PROPERTY ENJOYS STEADY" INGRMSE .EVERY PORTLANDS E YEA! eiTY HUG BUY rnoii PL MDfl CTDIfl E EASES VISITORS Astonishment Expressed by :.Many at the Marvelous Growth of This City in the Past Year. ; Rom FeatlvaJ visitors who are n Joytnf Portlands hotpltaHty Uita week 'will rind It bo to Interestlns and profit able to look over the cltjr and taka man . tal nota of the ei'r'a progfa alnce the celebration of the coming of the roeea "one year ajo. Tbeae vlaltora mlfht also do well to rd the Interview with ; Tbomaa W. Lewacn, the multlmlUlon- alre stock operator from Boston, which was printed In laat Monday's Journal. Mr. Lawaon la a thorough going optlm ' Ut, and la especially cheerful In what he has to say about Portland. Here It la: .' "Wall atreet knowa that Portland la . the only city In the United States that ; taa been forging ahead for the paat , year and a half. Why, every morning the financier know what la going on In '' this city. Portland la looked upon as the moat conservative, hustling city In the west. You may look for a great growth within the next few years.' Mr. Lewaon Is In Portland to see the Rose 8 how and witness the festivities coit ' nected with the annual festival. He ays that thing hereebouta look ao ' good that he will probably Invest In an ' Orfgon fruit ran-;h. I '. But vlaltora to the Rose Festival do not have to taka the word of Mr. Law son, or of anyone else as to Portland'a prosperity or great growth during the .: year . ending June 1. Within five ', minutes' walk from any of the prlncl ' pal downtown hotels, new buildings to S the value of at least $5,000,000 have ' been completed within thla 13 months. Down at Fourth and Pine streets a big hotel Is nearlng completion, which will ' be one of the finest hotels on the coast Thla hotel the Multnomah covers a city block, Is to be 8 stories high, and ;. 1 to be a 2,J00,000 enterprise. The highest structure north of San Fran ciscothe Yeon building, II stories was begun and oompleted since the 1(10 Rose Festival. Another huge office building the Selling, 12 storieswas not even under way one year ago. More ' i than SO per cent cf the Spalding build- ' ng, at Third and Washington, was put ? ) up after June 1, 1910. Besides the Multnomah hotel, there is . under construction in the central dls- rlrt, the 12 etory office building of T. B. 4 Wilcox, at Sixth and Washington v streets. At Third and Yamhill, the Powers Furnltute company has just completed a six story, quarter block ' business house. The Heillg theatre, one of the handsomest playhouses in the country, was completed and opened early ' last fall. Two other new theatres are . under construction. "' In the retail section of the East Side the transformation has been equally as ' marked as on the West Side. On Grand avenue, half a dosen substantial fouf story business buildings were begun within the year. One of the finest salesrooms and warehouses in the west, i the eight story structure of the John ' leere Plow company on East Morrison & street is just ready for occupancy. In ' ' North Portland, a large number of large warehouses are under way. Notable - among these Is the new home of the ; Marshall-Wells Hardware company. Apartment house construction during the past 12 months has exceeded all , expectations. Careful estimates of this class of construction completed since last jane fixes its value at $6,090,000, with buildings of the same kind under '," construction valued at fully$3, 000,00. No other city in the country in Port- - land's class has ever experienced such . a volume of residence construction as baa been seen here during the past year. Not less than 4030 new homes ' have been completed and occupied since June 1, 1910. Estimates by the city ' engineers fixes the cost of public im- :. provements made In Portland last year at $6,500,000. Vast sums of money, estimated at $1, 000,000 have been expended In making available aa residence sites the hills : west of the city. One concern Is tear ing down Qorasmlth hill with water pumped from Guild's lake; streets are , being graded down and paved hill tops , cashed down, resulting in the trans- formation of as hitherto inaccessible - section Into a beautiful residence dis trict. The same thing is being done to the hills south from Goldsmith hill. , In spite of the wide spread lull in real estate affecting the entire country, the volume of realty sales In Portland ' Is within 90 per cent of what It was 12 months ago. Residence property for 1 Improvement purposes continues in , strong demand. Statistics show that . month by month, since January 1, Port land's real estate tranaactions have ex- - seeded those of Seattle by 60 per cent; v-while the volume -of new construction1 ; authorized during that period is eon- , alderably more than double that of the . sound city. Sales of inside property In the re tail district negotiated this year es , tabllshed new high value mraka. An ln- aids 50 foot frontage on Seventh street, between Alder and Morrison, brought , 13300 a front foot; the northeaat corner ' of West Park and Alder, 60x100 feet, was sold for $3000 a front foot. . Money continues plentiful In Port-! lend. Building mortgages are In good demand at six and seven per cent. Ample funds are available for residence con traction In any section of the city. ' f For the first five months ef the year permits were issued from the office of the building Inspector for new con struction valued at $7,T0O,0W, which la bent $,oe in excess of the amount fr the same period in-1 tie. Realty transfera te the value of: $11,600,000 were filed for record during this period. 1 OREGON HEIGHTS While you are in Portland visiting the Rose Carnival take n hour off to visit Oreg-on Height! with me in my motor car. You can do nothing better than to save $10 of the money you intended to spend in Port land seeing the shows, and put it into 5000 aqua re feet of good Portland cloae-in property. Ore gon Heights today offers you an opportunity to secure a lot which cannot be excelled, from a residential standpoint, or from a standpoint of investment Oregon Height! is located on East 33d street, at Holman. Just 5 blocks from the Alberta car line, and in the path of Port land's future growth. Oregon Heights commands a magnificent view of the moun tains and also the Columbia river, a place where you will be free from the noise of the city. ming me up oa the phone, Marshall 410, and tell saa where te call for you and your friends. Ho obligation. and at 'the same time have ac cess to all the city conveniences and improvements. The lots we are offering for $500 and $600 will, in a few years, be sold for thousands, and you will reap the benefit, if you buy now. Do not leave Portland without visiting Ore gon Heights. Phone Marshall 410 404 Yeon Building I Have YdDM Seeim 'ateAddilwn? Spend an hour's time looking over this beautiful tract. It will pay you to Investigate this location, where im provements are now going in. Prices $450, $500 and Up 10 Per Cent Down 2 Per Cent Per Month Building restrictions $1500. Large lqtsf fine fruit, and only four blocks to car. Call us up and we will gladly take you ont. Tate Investment Co. OWNERS MARSHALL 284 601-2 COUCH BUILDING "Bank in Portland Realty" jf NO imiT I FREE IMPROVEMENTS I NO TAXES J CALL IN AND LET US TELL YOU ABOUT OUR EIGHTEEN SUCCESSFUL PORTLAND SUBDIVISIONS The f reel A. Jacobs Company Succeeding THE JACOBS-STINE CO. Largest Realty Operator on the Pacific Coast 138-146 FIFTH STREET, PORTLAND, OREGON IKENT0W NATIONAL ADDITION Fl PACKERS SIGN CONTRACTS OR MODERN 500.000 PLANT NEAR STOCKYARDS: OPERATE WITHIN YEAR Decision to Locate In Portland Makes This City Secure In Position of Being Livestock Center of Pacific North westSatisfactory Deal Made With Swift &- Co. In sures Success of Enterprise; Plans Are Being Made. Journal, June t. GROWING FREIGH T BUSINESS NOTED O.-W. R. & N. to Establish New Depots at Kenton and North Portland. PENINSULA MAKES DEMAND Xanafacturlar Xn area sin a Steadily, and ArallaWs Property Will Boon Be Oone, Zs prediction Wpw Hade. Oregonian, May 28. Ve own the available property, that will soon be gone, see. If you are a visitor or resident of Portland, you should take advantage of this oppor tunity at once. CO-OPERATIVE REALTY CO. 519.520-821 Railway Ex change Bldg., on Stark, bet. Third and Fourth Sts. POO 4 LOT $1 Down, 10c a Day No Interest City lots at less than acreage prices. These lots will double in value within a few months. No safer investment. No more beautiful location for a home. Don't miss an opportunity like this. Lots all ready to build on. Now is the time to secure a choice location. Now, Mp. Investor, if you have a little money, we want you to get in with us on this property. It will make you more money for t!'f amount of money invested than anything we know of. This oroo erty is located m the MONTAVILLA district, close to the Mt. Hood Electric Road, which will be in operation within a few months, and a short distance from the river, where factories and warehouses must come. It is high, dry and leveL "Buy cheap land, not dear laud," Is the maxim of the shrewdest investors. We trust this will interest yon as In investment, and that we will hear from you with an order for lots immediately. TAKE MONTAVILLA CAR TO END OF LINE Cusmur Realty Co. Phones: Marshall 1200, A-3559 -1017-18 Yeon Bid, Portland, Or. VISITORS 0 PORTLAND Are Cordially Invited to take home a souvenir in the shape of a contract for one or more lots in, Rose City Park, one of the best restricted Histricts of Portland All lots 50x100 feet. Cement walks in and paid for, streets graded, city water, electric lights, p;as. both phones and good car service. - Prices $750 to $850 each 10 per cent cash, balance $10 per month, giving over five years for the balance. HOUSES We have also a large number of the most modern houses with every convenience known toN modern home-' building. Prices the most reasonable and the very best terms possible. It will cost you nothing to see us and let us convince you that we mean what we say. If we do not sell you, we have secured your confidence for future deals. . - . , DAVID A. CUTTLE CO. .503 YEON BUILDING ' BUILDING HAS COMMENCED IN WiSliW WWkil That elegant close-in West Side residence district A splendid view from every lot. No nicer place for a home anywhere. Take W car. Three blocks south of For estry Building. Our representative on the ground. CLARK COOK COMPANY Room 6 Board of Trade Building J0N1SM0RE PROTECTION plua PROFIT W HOMESITES 50 X IOO Nr A INCLUDING N IMPROVEMENTS Umbdenstock & Larson Go. 286 OAK STREET BOTH PHONES CARNIVAL VISITORS ATTENTION! Make this visit profitable. Before another year rolls around your; investment in either of the below-named additions will make your visit a memorable one; Rose City Park No section in the city has shown as rapid a growth as Rose City Park. Values here have increased rapidly, and will continue to increase there are Treasons. Prices $600 and upr 10 per cent down, 2 per cent per month. Morningside This is the addition that sold so rapidly on ac count of its many advan tages. Owing to the re moval of several houses, we are able to sell a few lots not available More. Prices $600 and up 10 per cent down, 2 r)er cent per month. Call at our office any time and we will gladly show you either or both of theser, additions. n Crounii; Floor Chamber of. Commerce, Fourth and . Stark Street Hartman & Thompso A