It looked like a fine day for some open-air shopping at this market on NE Sandy Blvd. at 41st Avenue. In 1934 you could get a rake for 15 cents or buy items with brand names we know today; Coca-cola, Vigoro, and Sunkist, for instance. A Laurel & Hardy movie was playing a few doors down at the Hollywood Theater.
(City of Portland Archives)
Vintage Portland 
i like that there were reusable shopping bags for sale then
Here’s something to listen to while you soak in the details of this great photo…
http://www.archive.org/details/RussColumbo1934
(Courtesy o’ the Internet Archive)
The circular sign just to the right of “Laurel and Hardy” is the logo of the Union Pacific Railroad, see link: http://www.american-rails-forums.com/AR%20Images/Maps/union-pacific-railroad-map.jpg
It looks like there was some kind of office, probably a storefront ticket office, which would be unusual since they were normally in downtowns. But the rail line through Hollywood by I-84 was, and still is, a UP line.
The NRA sign inside the store is not a deterrent to shoplifters as I initially thought. A little Google research revealed the NRA with its eagle showed the employer was in compliance with the National Industrial Recovery Act.
Wiki here: http://en.wikipedia.org/wiki/Blue_Eagle
This must be what occupied what is now a vacant lot next to the Hollywood Theater. The lot is currently for sale. I know there was some hope among neighbors that a small park or community garden or other public amenity be put there, but unless a public entity or generous donor is willing to buy it for such a purpose it looks like that’s not going to be a possibility. The Hollywood District is the textbook example of the “20-minute neighborhood” and “town center” the city and Metro planners are pushing for, which is going to make that parcel command a high price.
“I Am Suzanne” wasn’t Laurel & Hardy, but Lillian Harvey playing a French dancer. A Xmastime release in ’33, it would have reached the second run houses in the “nabes” by now.
The L&H pic? Probably “Sons of the Desert,” another holiday offering in ’33.