The Oregon daily journal., December 28, 1919, Page 21, Image 21

TAVELIVE1PGES
' MARKETS, FINANCE
R&tL ESTATE, BUILDING
' " ?
SECTION THREE
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'irfCr- '. ' :r.: :. :;5-----;:.;sa ffiPORTLANDfOREGQN 28, laiavCfell .. :,.'y:ff:ljl
ifTERTHEW I' PROVED CONSTRUCTION FOR 1920; j fef .f wBUILDING FOR 1919 sSSfSlMNgUEIlONflilKll
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TO Trtlir fir RnlnlrT . -REEaSS5iepitoA?i . the muIHM corner .of Ull and Chap-
Nev Structures Are Planned for
Coming Year, and Atmosphere
of Confidence Prevails.
A, revival of Investment purchases
ltd
Portland property is the most en-
'cburaginsr phase developed in tn
rfal estate market during the past
yar. The period of dullness which
fallowed the depression 1913 and
! Ill 4 has given ,way to" Increased
Inactivity which promises to continue
itf several years.
' ? The first year of peace after four
'years of world turmoil has been devoted
. largely to a feeling out process on the
; imrt of realty dealers. The demand for
tomes during: the war was artificially
' attmulated by the army of workers em
: plpyed In the shipyards and allied Indus
i tries. But the general lack of faith in
V he permanency of prosperity following
the war prevented any large movement
A ejf Inside business property.
: 1 For the .same reason, capital hesitated
V t' investment In apartment houses and
' ether rental property, and with the ex
ception of about 1000 new residences.
Ihere has been little building in the city
during the year.
StfcSIDENCE DEMANDS HEAVY
The demand for houses has therefore
6en acute and thousands of transfers
ave oeen rocorded, by realty dealers.
Renewed confidence was Injected Into
e real estate market when It became
pparent that general expansion of ui-
Ustry would give employment to men
ade idle by the cessation of war actlv-
ties. Location of several important new
lanufacturing plants In the city and en-
argement of others already In operation
urtured the waning faith of investors.
nd a number of important deals of in-
Ide business property marked the clos-
ng weeks of the year.
Among the more Important buildings
tanned for 1920 Is a new warehouse for
JMeler ft Frank, to be erected on the
block bounded by Thirteenth, Fourteenth,
landers and Kverett streets.
Plans prepared by Sutton A Whlt-
ey call for the erection of a 10 story
reinforced concrete building .of the flat
slab type. The exterior will be of brick,
r JtJ, terra cotta trimming.
OST t8 9f,MMM'
All tha latest appliances for handling
Incoming and outgoing freight will be
installed. Spacious boiler rooms and a
modern power plant wilt occupy the
basement and sub-basement. jTacas
from the Northern Pacific terminal will
traverse the first floor ot the warehouse.
Cost of the structure is estimated at
about 9i.ooo.ooo.
Operation of the Meier ft Frank ware
house will add about 500 names to the
Meter & Frank payroll. Several de
partments now housed in the downtown
tore of the firm will be moved to the
new establishment, and the floor space
gained will be used for additional serv-.
ice to the patrons of the retail store.
;Montgomery Ward ft Co. recently
closed negotiations for the purchase of
a tract at Wilson and Twenty-ninth
streets as the site for a distributing
plant to take pare of their trade In the
Northwest, and to handle export ship
ments to trauF-Pacific 'ports. The site
comprises eight acres, and was pur
chased from the Ladd estate.
C05THACTS ABE LET
Contracts have been let for the erec
tlo'n of a reinforced concrete building
eight stories in height and containing
I, 500,000 square feet of floor space. The
cost of the building Is estimated at
II. 350,000. and it will constitute the first
unit of a plant representing a total In
vestment of $5,000,000.
Upon the completion of the new'ware
house the business cf Montgomery Ward
ft . Co. will be moved from its present
location at the northwest corner of
Iforth Eighteenth and Upshur streets.
The company's Portland payroll will be
Increased . from 200 to about 1200 em
ployes, and to a total of between 3000
to 4000 when the entire plant Is completed,-
accord lug to -William Q. Bateman,
local manager jat the concern.
. Olie. ofj the latest Industrial acquisi
tions of the city la the new plant of the
American Can company, to be. located
on an elfrht acre tract adjoining the
Montgomery Ward site. Plans are now
being prepared for the erection of a
I1.000.00o plant, which will gjve employ
ment to 300 men. 7
I.AKKEU QUARTERS SEEDED
The can company operates a plant at
North Fourteenth and Front streets, and
was forced to move to larger quarters
by rapidly, increasing business. The
tract purchased' allows ample space for
enlargement of the concern's facilities
at a later date.
Completion of the International Live
stock exposition building at North Port
land marks the beginning of a new era
in the livestock business of Oregon and
the Northwest' The building occupies a;
15 aose tract donated by the Swift pack
ing interests, and is the largest struc
ture of its kind In the country.
The St. Johns . municipal terminal
docks and grain , elevator are neartng
completion, and several important new
industries have been added to the St.
Johns and North Portland districts. The
Aladdin ' company of Bay City, Mich.,
has secured a tract adjoining the Swift
company's plant at North Portland, and
will build a mill and factory for the
LINOLEUM AND
CORK TILINGS
'"CORK FLOOR PRODUCTS GO. ,
lit BROADWAY. WEAR TATLOR
General Insurance
BONDS
', McCar gar, .Bates & Lively;
Yu BuilvBng--MaiB 168. A-2694
SALES ROOM
10U&WR1GHT
1 0TH AND FLANDERS
t ' r
New Five Story Building Will Be
Erected During the Next 90
Days for Auto Firm.
One of the most important buildings
In prospect for the new year is the five
story concrete structure to be erected
for Ballou ft Wright at the corner of
Tenth and Flanders streets. The build
ing will cover a site lOOylOO feet in
area and besides its five'ftoors will have
a fall basement.
The entire building will be used by
the Ballou ft Wright concern. Sales
rooms and offices will be on the ground
floor on the Tenth street side and the
shipping and receiving room will be at
the back, opening on Flanders street.
Plans prepared by Sutton ft Whitney
call for fireproof construction through
out and all equipment will be of the
most modem type. An" unique feature
of the Ballou & Wright t)iitlding will be
a tower enclosing a sprlnkltng tank.
Cost of the structure is estimated at
$150,000.
New School House
Planned at Yakima
Yakima. Wash.. .Dec. 27. The school
board voted last week to spend $180,000
of the $225,000 recently voted for build
ing an addition to the high school, which
Will provide needed classrooms and a
gymnasium and cafeteria. ' The remain
ing $45,000 will be spent In building four
class rooms at the -McKlnley school.
Plans and specifications are to be ready
by the January meeting for calling for
bids for Immediate construction of the
buildings projected.
City Lots Double in Price
TJmatiUa, Dec. 27. Prices for city
lots have doubled during the past year,
according to J. B. Switzler, a retired
capitalist here. Property changes hands
frequently and houses are In great de
mand. The commercial club Is receiv
ing many inquiries concerning Invest
ments in farms, factory sites, business
houses, etc.
manufacture of ready-cut houses' The
concern will employ about 400 opera
tives. Work baa begun on the erection of the
Kagle flouring mills at St. Johns and
machinery Is being Installed in the new
Portland flouring mjll at East First and
Belmont streets.
PLANT TO EMPLOY 1M MEX
The Western Structural Steel ft Tank
company has built a new plant at East
Sixty-fourth and Halsey streets, and
will employ 400 men. Additions have
been made to the plant of the Pacific
Car & Foundry company, and the mills
of the Pacific Coast Steel company at
Linnton : are nearing completion. An
other Important new Industry . is the
plant of the Jantzen Knitting mills on
Sandy boulevard.
More than . two score new ' garage
buildings have been erected during the
year and others are in the process of
construction. One of the . more impor
tant new auto salesrooms planned, for
1920 to that of Ballou ft Wright, which
will occupy a tract at . the corner of
Tenth and Flanders, streets. The build
ing will be1 of reinforced concrete con
struction, five stories in height and 100
by 100 feet in dimensions. .
The acquisition of new industries has
resulted In the erection of a considerable
number of better class residences., as
welt as, groups of moderate priced homes.
EAST SIDE IS ACTIVE
The Berkshire apartments, for which
a site has been purchased at Main and
King streets. Is the ' only important
apartment house announced for erection
in 1920. The building will be six stories
In height, and occupy a tract 100 by ISO
feet in area. The main floor will be
used for parlors and game rooms, and
the upper stories will be divided into SI
large sultts. The venture represents an
Investment jf about $400,000. and Is be
ing financed by C V. Everett and his
associates. , , . . -
A total of 8828 building" permits, val
ued at $9,635,963, were Issued durhig the
year,' compared with 5708 permits, valued
at $6476.252, for '1918. .
Above New Meier & Frank warehouse to be built at a cost of $1,000,000 on the block bounded by Everett, Flan
ders, Thirteenth and Fourteenth streets. Below New salesroom planned for Ballon & Wright to occupy a
.. quarter" block tat the corner 9! Tenth .and Flanders street. ; :
BUILDING PERMITS ISSUED 1918-1919
Month
Jnury ........
Fabruar .......
No.
.. 870
.. 47
. 871
. . 975
. . 835
.. 718
.. 797
, . 8B1
, . oe
, . 883
,. 711
. . 380
..8828
March .
April
Mjr
Jun . . . .
bly
August
September
October .
Nerember
December
ToUla
Decrewe
Net Gain
Ficurea for December, 1919,
are estimated.
REALTY MEN CAST HATS
IN RING FOR HONORS AT
THEIR ANNUAL
Office of President of Portland
Realty Board Subject of Keen
Competition by Rivals.
The annual election of the Portland
Kealty board Is scheduled for the reg
ular meeting in the crystal room of the
Benson hotel at 12:15 Friday. Officers
to be elected are: President, three vice
presidents, secretary, treasurer and four
members of. the board of appraisers.
The contest for the. office of president
Is bring keenly prosecuted by Fred Ger
man, who was the first candidate to-announce
himself, and the friends of Frank
McCrillls. who. declares that he Is not
a candidate but will serve if elected.
The names of Coe A. McKenna and
George Schalk have been mentioned as
possible ; entries in the race ; for ' presi
dential honors.
So far . there Is no candidate In the
field to oppose the reelection of J. W.
Crossley as secretary ' of the board,
Cro&sley succeeded Paul A. CowgiU as
secretary in " September. when Cowttil
Lreslgned to devote his attention to the
duties of secretary., of the . Interstate
Realty association. : Crossley' conduct
or the office has proved so satiafac-J
tory utai mere appears to be no In
tention among the members of the board
of making a change in that office.
B. .Lee - Paget is treasurer of the
Realty board and no candidate haa ap
peared in the field to oppose his re
election. Three members of the ap
praisal bureau will be electd tor a three
year period. Those whose terms expire
ar- W. H. Mall. Dean Vincent and Frank
L. McGulre. ,
Eain Stops Work on
New Canyon Highway
Canyonvnie. Dec 27. The work ot
graveling the new road through the
canyon by the Warren Construction
company has been' discontinued on ac
count of recent heavy rains. Six of the
11 mites between Canyonvtlle and Johns'
ranch have been completed. Work will
probably begin agatn by . February L
When completed this canyon road will
be ' one of the beauty and historical
spot of Oregon. It is part of the "old
overland trail,, familiar to the first abb-
tiers ox ue state. f
" ' 'X
ELECTION
CIS i -Tl I afe jCTalgH- ft jf
41BI"' Ijijjl Ur&- H-- hbr- tr-i iwSff' MiBlJI
118 ViItjr.
Value. So. Value. No. (iDcreaae)
$ 200.000 37 $ 128.790 , 10S , $ 78,210
280,720 322 221.830 145 68.890
B85.S05 44 344.575 407' 341.030
1.008.64S 452 343.190 523 886.456
813.545 514 2,810.590 441 M.407.045
1.063.118 568 471,230 212 691,888
722.S95 518 871.655 231 351.040
828.840 685 460.958 276 861,882
1.370.035 814 475.971 286 894,064
1,422.005. 872 880.858 211 1.041.347
750.855 478 845,790 233 - 405,065
490.000 814 817.215 46 172.785
$9,635,963 6706. $6,176,352 8122 $4,956,656
1,497.045
, $3,459,611
SEEKS WATERFRONT
SITE FOR FACTORY
i
Plant Destroyed by Fire Will Be
Rebuilt Immediately If Suit
able Terms Are Secured.
The Palmolive company proposes " to
immediately rebuild Its , plant, which
was destroyed by fire on the afternoon
of December 20, provided g. satisfac
tory waterfront site can.be secured here
at a reasonable price. The loss by fire
was . estimated ' at $350,000 and the cost
of the ro posed new plant will be about
$760,000.' according to C. A. Painton, lo
cal manager.
Offers of water frontage have been
made by Seattle interests anxious to
secure the Palmolive plant for the
Sound city. Painton visited Seattle last
week and says that he found acreage on
the waterfront there about 23 per cent
cheaper than in Portlaiia.The Cham
ber of Commerce has taken' up the mat
ter of finding a suitable location.
Headquarters of the Palmolive con
cern are. at Milwaukee,' Wis., and final
decision -aa to the location of the plant
must come from that source, according
to Painton. The plant proposed would
employ about 300 men. ,
Building Projects
Planned at Eugene
' Eugene, Dec. 27. The building season
is -breakinr early in Eugene. C J.
SmJJh, a traveling mam out of Eugene, is
spending $3000 to remodel a large frame
dwelling Into a . sorority house. The
work, becan this week. Building himself
a home, H. A. SoulU of the Fisher-Soul ts
Lumber company is ready to begin work
on a $3000 bungalow. & a Studebaker
took out a $1500 building . permit today
to remodel - his residence. Jtohn Hunsi
ker, the architect here, has plans and
specifications for the erection V build
ings that '-will cost in all about $125.
000. And In 'addition there is being or
ganised a homebuilders . association to
begin operations early: ia the spring, V
- Enterprise at WarresT.
Warren, Dec 27. Among the new
enterprises contemplated for Warren are1
a. cheese factory, garage and soft drink;
and confectionery establishment, YH to
oe locatea near ana aajqjning the new
warehouse.
-Mf-
PALMOUVE
COMPANY
The three-story apartment houae at
the southwest corner of Mill and Chap
man streets was sold last week by the
Portland Mortgage company to Mrs. F.
Matscher. Consideration was $30,000,
mostly cash. There are 14 apartments in
the bouse and it will be operated by the
owner. ,
Negotiations for the sale of the prop
erty were" . handled by the Skothaim
Brown company. According to Skotheim,
the firm Is receiving many Inquiries for
apartment house property. '
ffFWrrrjrrl
A. 1J
MTJOI 6 WITlttt
r
NEW MEIER & FRANK
E WILL BE
Construction Work on Million
Dollar Building to Begin
Early in New Year.
Construction work on the new Meier
Sc Frank warehouse will begin early in
the new year, and the building will
be pushed to rapid completion. The
site comprises the entire Mock bounded
by Flanders. Everett. Thirteenth and
Fourteenth streets. The building ' will
be 10 stories in height, with basement
and subbasement for machinery and
boiler rooms.
Plants prepared by Sutton A Whitney
call for reinforced concrete construction.
The exterior will be finished in brick
with terra cotta trim. .. The building
will be strictly fireproof and will be
equipped throughout with an- automatic
sprinkling system aa further protection
against fire.
The new building will be used as a
warehouse and distributing center for
the mall jorder business of the Meier
& Frank company. Several departments
now housed In the downtown store of
the concern will be moved to the new
location.
Tracks of the Northern Pacific Ter
minal company wltl be extended to the
new warehouse and the latest appli
ances for handling Incoming and out
going freight will be Installed. The
building is estimated to cost approxi
mately $1,000,000. and the operation of
the warehouse will give employment to
about 600 people, according to Mr. Meier.
American Can Co. to
Build $1,000,000
- Plant on 8 Acres
The AnS&rican C4n company last week
purchased six acres adjoining the Mont
gomery Ward warehouse site from the
Mead estate, and a two-acre tract adja
cent to It from the Portland Railway,
Light Power company. The company
plans the immediate erection of a fac
tory which will . cost approximately
$1,000,000 and give employment to sev
eral hundred operatives.
' The can company will move its pres
ent plant from North .Fourteenth and
Front streets to the new location. Ne
gotiations were under way for the trans
fer of the can company plant to Van
couver, Wash., and a 20-acre tract ad
joining the O. M. Standifer Construction
corporation plant had been set aside for
the company's user .
; Negotiatlona for the purchase of Port
land acreage were handled by Wakefield.
Fries Co. The value of the ground
bought is estimated at $130,000.
; Virginian Buys Farm
Centralis., Wash., Dec 27. J. C. Smith
who .recently arrived from Creme. Vaj
has purchased the Poyne 50 acre- fat-mi
on Seminary tallL: Just east' of this city '
Consideration was $5000. - Smith and hie i
family will wove onto the place at once, i
The life of .'a worn - graS" cloth irug
can be lengthened by- coating it with
paint. t , ,
VAREHOUS
COMPLEe
1
19
SHOWS BIG GAIN
OVER LAST YEAR
Number of Residence Permits
Issued During- Year Almost.
Double Record for Year 1918,
Building, permits issued in Port
land during 1919 total $4.966,6,
showing a gain of approximately
$3,500,000 in value over the previous
year. A total of 8828 pgrmita were
issued during the past year, against
6706 in 1918, a gain of 3122. With
the exception of May. each of the
past 12 months shows a gain over
the corresponding period of last year
in the value of permits issued.
The housing shortage continues to be
the principal problem faced by realty
men and builders. At the beginning of
the year the demand for new residences
in the city was estimated at from 3000
to 5000. but the scarcity and high price
of labor and the uncertain market In
various lines of building materials mili
tated against construction work on a
large scale.
Addition of several important names
to the list of Portland's industries lent
stimulus to the building game during
the last quarter of the year. Besides
builders have become convinced that
prices of materials will t.ot recede from
present levels for several years, and
they see no advantage In further post
ponement of operations.
The number of residence permits Is
sued during 1919 is about double that
of the previous year, and their value is
estimated at $;i.234,720, compared with
5
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E:;!!iiiiiiii!;:::iii!!ii:i!;;iiiiiiii52!ii
Have YouREALL Y jf
I , 2kli ecoM "'"-111
HI ' J" fcaa6aj,
1 . . ... ... ...... .. ''mW
1 '. : r22 (- 'flK
" a isai- w ' 1 ' t"
Talking Mach
Month
January "iT.v. ; L . ..'i . . -15
18.550.00
February 'p..,. . v.j, ' 18,
March' ...i., 49
April ........ . .w...... 44
M 88
Jane .................. 61
Jal 2
All goat ................ 8ft
. 83.460.00
98.8400 0
104.225.00
124.195.00
,117.006.00
. 167.575.00
166.000.00
138,185.00
64,425.00
; 68.675.00
- 14,850.00
September
73
67
84
.-
October .
November
December
- 667 91.106.S80.00
'1919. 1 .
, No. Permita. valuation.
Month
Janaary
February
March .
April ..
, 6 147.80O.OO
.149 1 866,860.00
a m iiui aft aa
May
Jane
... ........
, ....114 - S4l.O80.OO
116, . 8BO.700.00
92 ? 801,800.00
DI5 858.450.00
, .... 88' 861,040.00
7T " 2B5.876.no
.... 87 360,000.00
,,...30 110,000.00
July . . .
Ancnit
September
October
November
December
Total loss 89.234.720.e0
Permita famed and their vataatMm lor De
cember. 1819. are estimated
Johnson Lumber Co.
Buys Timber Tract
In Umpqua Reserve
Koseburg. Dec 27.-r-Wtlllam' F. John
son of the Johnson Lumber company of
Cottage Grove completed a deal in. this
city today whereby his company . pur
chased from the natlonat forest, through
the forestry office here. 40o.00Q.000 feet
of Douglas fir in the lTmpo.ua forest, east
of Cottage Orove. i This . Is one of the
largest deals to be completed in the
Umpqua forest this year . "-'
Johnson is high in his praise of this
section of Oregon, and he says, that his
eastern connections in the manufactur
ing business will be elated over the
magnificent timber to be had here. He
recently came to Oregon, and his ac
tivities will be the means of bringing
many more to this section. The lumber
industry is still In its Infancy in South
ern Oregon, and a good booster like John
son will be pie means of giving It a
start to further development.
$143.50
This style, with 20 selections, iof only $15
down' and $70 monthly. Has large double
springed noiseless running motor, automatic
stop, automatic cover lift, large record com
partment, celebrated Brunswick cabinet and
Brunswick patented all-record sound-box
that plays Victor, Columbia, Edison and
Pathe records.
Brunswick Have
No Surface Noise
350 Alder Street
HYATT
Excavations for Foundation of Big
Plant on Old Fair Grounds IS
Started Last Week.
Steam shovels began operations last
week for the . foundations of the Montv ' i
gomery Ward plant on the site of the , '
old Lewis and Clark fair grounds. The tfi'
big .mail-order house recently purchased
an eight-acre tract adjoining the lor- "
stry ' building and propoaoa to buIW"..'"!-':'
warehouse and distributing station coat- -lug
approximately $5,000,000. The f Ir8t,; . '
unit of the structure will require an tn-tjy;'''.
vestment of about $1,350,000, and will be . : .
finished during 1920. . ' V
Contracts have been let to Wells -Bros,
of Chicago for construction work, :
and P. A. Wells and J. R. Patterson are . v
In charge of operations.' with offices In ,
the Yeon building. About 30 men were J'W,
employed on excavation last week, and' , '
this force will be increased as the worlti, j: ,
progresses. -'v-.. . .'
Tracks of the Northern Pacifki ter
tnlnal will be.extended to the plant, and
unloading and receipt of goods will be' , ';
handled in the banement now building. - ' "
Boiler, rooms anfl power plants , will be f X '
located in sub-basements. About 40,000 !
square yards of earth will be rcmOe'ed "
for the first floor, the basement being '.
shallow to allow for windows along the ; .
sidea. -. : i'ii"? "
Mitchell Buys Hermlston Store
' Hermlston, Dec. 27. R. K. Mitchell of -:
Caney, Kan., has purchased the business ' (
of the Hermlston Drug company and " ' .
will take possession January 1. E. W.
Mack, former owner of the drug store, i
will retire from active business to look '
after his real estate Interests. '. r
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