East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-08-03
PORTLAND GOES
AHEAD RAPIDLY
BUILDING ACTIVITY is WON
DERE'UL AT THIS TIME
Progress IndustrialIy Building
Permits OF the Summer Months
Are Far In Excess Of the Previous
Summers.

That Portland, Oregons great
throbbing metropolis is making vita
progress In every way is emphatically
shown from the commercial and in
dustrial reports of the summer. The
Oregonian says of the building and
shipping activities of Portland:
Portland's Industrial and CONNER
cial growth knows no stopping. The
opening month of the quiet sum-
mer" season, universally complained
of elsewhere shows only increased
activity here.
Ante-election rumors that business
contest is over have no place locally.
Even the pessimist finds himself
without fuel for complaint when con-
fronted with b review OF trade condi-
tions for the. month that ended yes
terday. These figures reveal, In
many particulars, healthy increase
not only over the business for the
month a year ago, but over that Of
any month during the year
The stability of this city CONNER
cially finds further convincing proof
In the active movement OF real es-
tate at good valuations. During the
last six weeks nine pieces of business
property. representing an aggregate
consideration of s1,346 900, have
changed owners. In majority OF
instances the buildings now standing
on the property will be replaced by
substantial business blocks.
These sales have served to give the
market an impetus, although there
has not been a noticeable lull In real
estate circles for months. 1t is an
unquestioned fact that the real estate
market in this city never was more
stable, values more positive or the
outlook for further brisk movement
at the same satisfactory values more
bright. These recent large deals have
had the effect OF further strengthen
ing an unfaillng confidence In prop
erty values and the city's future.
During the 26 business days of July
the real estate transfers show the1
sale OF property carrying considera-
tions aggregating over $1,600,00O. or
an average OF $4,000 a day. These
figures include only the actual con-
siderations reported in the deeds, so
that the total could be increased by
fully 20 per cent and not mlsrepre-
sent the true market value OF the
land transferred. That would bring
the total OF the months transfers
practically to $4,000 900.
The largest individual deed includ-
ed in these figures was that recording
the purchase by Theodore B. Will
cox OF the Yeon property. corner
Seventh and Stark streets, for $780,
600.
Permits for 45S Buildings.
Building permits issued during
July numbered ass and represented
improvements aggregating s1,03S,-
$50. This was the record month for
the year. For the same month in
1907 only 373 permits we're issued for
improvements amounting to $780,
671
Included in last months permits
were applications for eight founda-
tions for business blocks OF the
eight, four are to be l0.story build
Ings, The permits covered only the
laying Of the foundations the con-
tractors deferring the matter OF Sc
curing permits for the superstruct-
ures until the initial work OF con-
structlng the foundation has been
finished.
An idea of the activity in building
in this city is furnished by reference
to the records in the office OF Build
ing Inspector Dobson. During the
first seven months of this year build
ing permits have been issued for i'm
aggregating s5,690,945.
The record, for each month was as
follows: