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SUNDAY MORNTNGJUNE. 23, 1925
TIIE OREGON STATESMAN. SALEM, OREGON
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REALTY CONDITIONS IN
NATION DECLARED GOOD
ATUm TO ASSURE PRO-
4 ' IiOXGED' PROSPERITY
Optimistic View Expressed by S,
t H Strauss in Address
Before Realtors
Ileal estate-conditions in all
parra'ol the United States have
entered an era Of unprecedented
activity with every , assurance of
prolonged prosperity; "according: to
statements made by S. WV Straus;
president of S. W; Straus & com-
. pan before the national, associa-
tlon of real estate boards in ses
sion In Detroit during: the week.
"There will be ample capital to
finance these great activities,. Mr;
Straus said. -Developments will
continue in the suburban districts
of all of our great American cities
while the trend of residential con
struction will be in keeping- witlf
thfc growings demands and rights
ofthe people for bettere standards
of living..
Referring to the financial as
pects of the real estate and build"
ing situation, Mr. Straus said:
" "Until " a few decades ago a
largepr6enU&e bf'tHeipopuTfttiori
of MuV cfeuntrr'Uved 1 In " small
private honies and1 all private' buslJ
tteisi'wasfrartsactedlnreliilfVelr
tttiall buildings? Consequently-the
mortgages of those days -were no
large; ; Bat as the ; standards of
living advanced, as communities
grew and cities became more con
gested there came the. need for
improved. types of dwellings. The
modern skyscraper and the apart
ment house were the results.
"The construction of these larg-
er types necessitated much larger
outlays of capital. The task of
fending money on improved real
estate security a generation ago
was mostly in the hands of the
larger institutions, such as the
insurance companies. The work of
upbuilding the cities, therefore,
could only be carried forward fn
keeping with the growth of these
lending institutions. As. the nat
ural results of necessity there
then came 'into being , the, real
estate mortgage bond which Is
simply an ordinary mortgage div
ided into small units which gives
air Investors the opportunity to
invest in the same character of
security. Let me say, "however,
that there is still abundant place
for "the so-called old-fashioned
-mortgage as a financial instru
ment., in the financing of modest
properties where it would not be
feasible : to divide the mortgage
Into a "bond issue.
; The. speaker then pointed out
that on account of the advancing
standard, of-, living, in the United
State buildings rapidly, become
obsolete and, all cities are face to
face with the task of almost, com
, piete rebuilding. This means' that
$.000,000,000 will be spent in
buildings In the.. United States
this year, and there is every rea
son to believe building operations
of similar magnitude will continue
for some time,- There will be am
ple capital for these ; tremendous
tasks, the speaker declared, inas
much, as the first, mortgage real
cttaia bond brings practically a
liaiitless amount of money into
real estate irnprovement through
the erection of building of the
larger types,,;. ,- : :- f ;
,c v....- n- o
Stop heat loss
l ; at the
It your, home U already. buSt i
, Jet . ut show you, how you cam. i
efTecta consldersbia fuel saving j
. and get- greatef ai1-aemon
fort by lipiag your attic with
, Cl6te Insulating Lumber.
., Cclstss btezi to Jti iinsjJwt : j
y bote comfort only costly one j
; : fcave had before. It enables hoaw ,
buH Jers.Xor the nt time to ob , i
' tla complete iavulatioa practi- !
, caily without extra cott. Phcne
for nort.iaformatlotu ,,!. "i. . " '
OrcxrGraycl Co. j
IIccJ at Trent St. J
TZImm to M tmt Mmm to mtmj MUk
BUILDING PERMITS HEAVY!
TOTALS FOR THE MOXTH ARB
CJjOSE TO IMOO.OOO MARK
Building permits for June tend
towards a high water mark for
the month amount to $376,100.
of which $129,500 were issued
last week. . j
With one erception. all were for
new. dwellings or private garages.
The St. Vincent de Paul parish
school, church and Chouse, under
construction in the north portion
of the city, swelled the .permits
$100,000. - '
Nine other permits were issued
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during the week, all or residences
ugiug irom iiiuu to $;,uuu.
Construction is under war for
several large buildings for which
no permit has been taken. Forms
are being placed for the addition
to tne Valley Motor company
building on North I High, which
will be erected on the site of the
old Rigdon mortuary. This per
mit may be obtained in time to
be counted on the June record.
but may be delayed until early
next month. Excavation for the
new Guthrie theater on South
High, across the street from the
Oregon Electric, Is also underway
and the permit will probably be
taken' out next month.
REPORT SEVERAL SALES
SOCOLOFSKY FINDS THAT
REAL ESTATE IS MOVING
Deals recently consummated
by D. D. Socolofsky? of S 41. State
street, include the folio wings:
Mrs. S. D. Mann bought the
Zinas Chase residence on the cor
ner 6f Waller and ; South Thir
teenth. . j
Mr. and Mrs. Amos Byrd bought
the bungalow on E, just off Broad
way, from S. R. Bond.
J. H. Ellis and son bought two
lots on Broadway and are erecting
a bungalow court. In this deal he
cooperated with A. J. Mills.
Mr. and Mrs. A. J. Gibbons
bought a, strictly modern new 5
room bungalow located on North
Sixteenth from Wm. Bond.
Mrs. L. H. Fisher of Silverton
sold - her .concrete-garage building
on the Pacific highway to Mr. and
Mrs. W, E. Mullerof. Salem. The
building has been : leased to the
wua Kose dairy after having been
thoroughly remodeled and equip
ped for that purpose.
Mr3. L. H. Fisher has purchased
a & acre well imnroved tract on
the Silverton j road. ; This tract
was formerly owned by W. E. Mul-
ler of the Capital City Bedding
company. , ; . : -,
Mr. and , Mrs. T. A. Reinhart
have purchased the erocerv stock
of L. H. Septka on North Commer
cial. Mr. septka having accepted
a position with Swift & company
of Portland, as chief engineer.
P. W. Geiser, . manager of the
Cherry City Milling company,- has
purchased a 3.27 acre tract in
South Salem from I E. E. Paddock
of Seattle, i i
WEATHER RETARDS SALE
SEVERAL REALTORS COM.
PLAINING ABOUT HOT "WAVE
Excessive hot weather of the
past week has slowed up business,
several real estate men . report, but
Mrs. Winnie Pettyjohn declares
that she has . had j more business
than she can well take: care of
herself and is looking for some
one to assist her in her business. s'.
The summer months are gen
erally regarded as being poor busi
ness months for the realtors;- in
contrast with other seasons of the
year. There Is still considerable
movement in city property and an
unusually large amount of build
ing, chieny new dwellings, In un
der.' way.1., -j : "
Lone S tor f
$etwe "Station "J
and Camp Ground
t
1993 N. Capitol Street"
John Williamson
l- Prop. -
'. - Also ,
Builder of Homes
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for sale on easy terma.
If you are looking: for -a
home call on us.
SHORTAGE IS REPORTED
FOR MODERN DWELLINGS
AVAILABLE BUILDINGS LACK
MANY CONVENIENCES
Five and Six Room Residences
Sought,; English and Colonials
' Popular
A decided shortage of modern
homes ranging between $1250 and
I z u u u and between ?3Uu anu
$5000 is reported by local real es
tate dealers: Five and six rooms
are in the greatest demand.
Practically all of the vacant
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I time are not modern and poorly
houses in Salem
'focatea witn rererence to street
car service.
The most popular dwelling be
ing erected at the present time
are the English and colonial struc
ture. Both types of homes are
ideal for the valley climate "and
with proper landscaping produce
most desirable surroundings.
The cost of the modern home
depends .entirely on the material
used. Varnish. Da in ts. flonrinc-
and bath room fixtures are a few
small items in building: that make
considerable difference in con
struction costs. The average cost
per room in a home with first
Class finish, fixtures and furnace
heat is Quoted in the- neighbor
hood Of $750. according: to local
architects..
Masonery structures of con
crete, tile or brick which are be
coming quite popular among local
builders, are far more satisfactory
ior stucco than framed lathed
buildings.
SALEM GIRLS TAKE HIKE
CLAIRE DAVIS, IRENE KILIAM
AT CRATER LAKE
DIAMOND LAKE, Ore., June
22 Tired and hungry, but happy
and full or enthusiasm, two slend
er girls, Claire Davis and Irene
Kiliam, both of Salem, arrived
here last night on the last lap
of a vacation hike from Salem to
Crater Lake, expecting to return
over the highway.
"We would not have missed the
experience for the world, although
once or twice we did eet so tired
Lwe were sick,"'one of them said.
xney carry blankets, a hatchet, a
38 caliber revolver and packs,
which together tipped the scales
at Eugene at 40 pounds apiece.
One of them carried a ukelele and
declared she was ; going to have
her picture taken it at Craker
Lake Lodge because her friends
had asked her to mark the place
on the map where she dropped it.
They left Salem Monday, June
13. and hiked and rode via Eu
gene to McKenzie-Bridge. Leav
ing the McKenbie highway they
hiked to Foley Springs, then up
Horse Creek to the Skyline trail
at Horse Lake, past Elk Lake,
over the lava beds to Cultus and
then past Davis, Odell and Cres
cent lakes to Diamond "lake, a
distance of over 120 milea from
McKenzie bridge where they left
the highway. They camped out
and cooked their own meals all
the way. : '.; ' .. -
: "We heard a bear one night and
saw something on the side of a
mountain, but have had no ac
cidents nor bad Inek of any kind,"
one of them said. They have
taken a great many pictures and
have a diary of every event of the
journey.
MUNICH HAS DOGS'
" ; - i PUBLIC BATH
'MUNICHThere is now no ex
cuse for Munich dogs going about
dirty. A public bath for dogs has
been established and is open dally
from 8:30 a. m. to 7; p. m; M
B
ziildfom
: We. have a few thousand feet of LI x 4, novelty rustic that.
we will sell at $17.50 per thousand. Also, some 6-inch
novelty rustic for $ 1 9.00 and $20.00 per thousand.! These
prices are good for a short time only. Remember the
place or come and inspect same. The home of Upson
Wall Board and Tile, Plaster Board, Sherwin Williams
Paint and Oil. Just received a car of good cedar posts.
AVe have "Everything in Building Material. No cheap
pick up from small mills, but all from our own mill at
Valsetz. The recent fire in the vicinity of our mill has
done but very little damage.
Cobbs & Mitchell Company :
"Everything ui Building Material ,
349 South Twelfth Street, Salem, Oregon
Phone 813
PREPARE SCHOOL PLANS
LOCAL ARCHITECTS BESIfiX
WASHOUGAL BUILDING
Freeman & Struble, local archi
tects, have completed preliminary
plans for a union high school "at
Washougal, Wash., to cost $30,
000. The new high school will Drob-
ably be built of concrete with a
stucco rinish, two stories high
with no basement, It will contain
rooms necessary for 'general-high
school class work; besides a large
auditorium and study hall com
bined.
Although the contract has- not
as yet been let, the local firm will
have charge of specifications7 and
construction. Mr. Ray, principal
of the school, is In town .while the
plans are being completed and will
undoubtedly become clerk of con
struction. It is planned that the
building will be ready when school
opens next fall.
Sweden Shows Fondness
For American Bread
WCKHOLfrf Wnite bread of
American wheat flour is gaining
in popularity in Sweden, according
to official trade and eron sta
tistics for 1924 now available. But
at the game time Sweden's own
grain producing capacity is rising
so 5 that in a pinch the countrv
could supply its entire need in
breadstuff s..
While still beinff sunnlementorf
by wheat from the IlnlteH statoa
Sweden's own wheat production
has also risen during the same
periods from 51 to 63 per cent of
the total domestic consumption,
and yet the imports of wheat flour
rose from 267,000,000 kilograms
in 1923 to 286.300.000 In 1J9
so that the population not only
raises more wheat than formerly
but-also Imports more. At the
8amevtime is consume less nt the
old-time dark rye bread which was
once Its principal staff of life.
Are you telllns- inf Manila
about the Slogan section of The
statesman? This paper's policy is
for the UPbuildin? nf the oltv an
the surrounding farming commun
ity. :. ;
BUILDING
Ruberoid and Certain-teed
Hoofing Materials
Deadening Felts
Asphalt Sheeting
Building Papers
Perfection Plaster Board
Pabco Paints and Oils
Pabco Varnishes and Stains
Peerless Bui lt-ins
Mailo Mail Boxes
Cedar Shingle
Standard Gypsum Plaster
Waterproofing for Cement
BnPoiit and Giant Explosives
Gabriel Powder & Supply
Comr
173 SOUTH COMMERCIAL
j ACREAGE IS : " IN . DEMAND
FLEMING REALTY FIRM RE
PORT TWO GOOD DEALS
The Fleming Realty company
made two deals this week, selling
the residence property of C. C.
Lightfoot at 1528 Capitol to
Henry 'O. Miller, price $4500. The
other change for a residence pro
perty at. 1576 South Church, the
deed running to James lleltzel
and H. R. Crawford.
Mr. Fleming reports a greater
inclination to exchange town pro
perty ior acreage than a year ago
PLAN BUSINESS BLOCK
GEORGE WILL INCREASES HIS
PROPERTY BY PUHCILISE
Announcement was made last
week by Ceorge C. Will that a
two-story business buildinsr would
probably be started this summer
on the site south and adjoining
me old Salem laundry on the
east sioe of Liberty between State
ana .Ferry. The lot, 49 by S2
ieec was purchased from W. C
Dyer for $12,000.
Mr. WjII is contemplating the
erection of a fonrstory office and
business building on the property
ufun wmcn tne club stables are
located. This location was acquir
ea about a 4 year ago. Mr. Will
will not start construction urSwi
the second building for a year or
18 months, he said. -Mr.
Will owns the property on
oiaie upon wnich his music store
is located and is one of the l
business property holders of the
YTTAL STATISTICS
SWAMP LOXDO.V
LONDON. Somerset
where are stored the vital statis
tics or London, uses colors to
facilitate its filing system. The
volumes on the various suhiects
each has a color: ereen for- mar
riages, red for births, black for
aeatns, brown for wills andyellow
ior divorces. .5
The'shelves are now so congest
ed with 160,000,000 records that
new quarters are being sought.
A city of beautiful streets and
well-kept lawns. Salem, Oregon
MATERIALS
DuPont Enamels
Buco Polishes
Metal Ith, Corner- Bead
Marshall & Steran Wall Beds
Ricketson's Mortar Colors
Cabot's Quilts heat and sound
deadeners j
Duplex Joist Hangers and Beam
; . Caps '
Concrete Hardeners
Cabot's Shingle Stain
Rnberold Shingles
fertain-teed Shingles
Basement Sash - 1
any ;
l'HOXE T28
CHANGING SECRETARIES
MRS. LEILA MEYERS FOLLOWS
MRS. FRANCES SHEPARD ,
Mrs. Frances ghepard. secretary
for the multiple listing bureau and
the Marion-Polk County Realty
association, has resigned and Mrs.
Leila Meyers, formerly of Dallas,
named in her place.- The change
is effective July 1. Mrs. Shepard
took the place of Miss Martha
Leavenworth several months ago.
Mexicans Seek Amity
With American Houses
MEXICO CITY Adoption of a
commercial arbitration agreement
by the national chamber of commerce-
of Washington and the
confederation of Mexican cham
bers of commerce is recommended
Six Rooms
SIX well arranged rooms of
space for the average family in
this attractive designed dwell
ing. Abundant light and venti
lation is afforded by the win
dows of the lower floor and the
two upper rooms are large and
comfortable. Either stucco,
shingles or siding exterior may
be used with pleasing effect.
The stately chimney, covered
entrance and brick trimmed ter
race lend charm and distinction
to the facade.
Construction of the angle
nook, with Its shelf of "boolis
and tiny window leaves an un
broken floor arear in the living
room, with plenty of wall space
for furniture. The dining room
Is large enough and its wide
windows insure light and cheer.
Kitchen and dining nook are
well arranged and there is plen
ty of cabinet epace and built-in
equipment. The hallway of
fers access to all rooms and to
the stairway to the upper story.
Three bedrooms, each with
closet space, and a convenient
bath room complete the layout.
Two sets of bin it
PH.3 at BomlMi con uVoa. epilation to 0T. o. or other bouMi m b. up-
SPAULDING LOGGING CO.
by a special committee named by States business houses follows vir
tha Mexican confederation. The.tually without change the Ameri
plan recommended to settle, with- can-Argentine agreement. It wTli
out recourse to the courts, differ- be voted on at the. next meeting
ences between Mexican and United of the confederation.
IMPROVE
" Manufacturers of
Tents, Awnings and Canvas Goods
of All Descriptions
FRANK MOXNER
uucri; cjirt-m,
Give Ample
jjHiHqinjL 'iiviiiq toon
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YOUR HOME
With Awnings
We will come to your home, or place
of business, make estimates anytime of
day or evTeninir at vour pnnvpmWo
without charge or obligation. We are
always pleased to show you samples.
Salem Tent & Awning Co.
atuau, uirj;un i none I
Home Space.
' CliAflDL ti
ncoHp'rCcoiL.TrAa..
'ruBlnoicaj
k m Mil
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