Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-28
THEY GOT THE PLUM.
The Black Property in Allegheny
City Purchased by Two Ladies.
FACTS CONCERNING REAL ESTATE.
Fancy Price Paid for Land by One of Pitts
burg's Merchant Princes.
THE CRY OF HARD TIMES OUT OF PLACE

twas learned incidently yesterday that
the purchasers of the Black property, on
Western avenue, Allegheny City, sold a
few days ago by Henry A. Weaver & Co.,
for 800, 600, were Mrs. DR.. Hostetter and
Mrs. Du Puy, their object being two-fold-
as an investment, and to keep it from fall
ing into the hands of persons who would
subdivide it for several buildings. All
the houses in the vicinity are surrounded
by extensive grounds, and it is desired to MAN.
tain the character of the locality in this respect
Real estate, while quiet on the surface, is
considerably agltated below-which means
there is more going on than meets the eye of
the public. For instance, Black & Baird have
made IL sales since the 21st, and are closing up
81 more. The largest of the completed trans
actions was for 5000. The largest of those
pending involves 100000. MIR. Glonlnger. of
the above firm, said: Business is splendid for
August. There is good inquiry for every
thing except business property, which has
quieted down. The prospect Cor brisk times.
beginning about the middle of next month, is
the best have ever known"
There is no good reason why there should be
a constant cry of hard times. 1t is conceded on
than an average crop of nearly all kinds of agri-
cultural products throughout the country. The
wheat and corn crops of the West are thought
to be so far advanced as to secure their safety.
while the cotton crop in the South promises a
large yield. Under these conditions, saws the
Age Of Steel, there is no reason to doubt that
the fall trade will be entirely satisfactory.
Some complaint, however, is made OF low
prices. but it must be remembered that the pur-
0l,a
greater than it was few years ago, and If the
agriculturist is obliged to sell his products at
less figure than formerly, his supplies may be
purchased for enough less in most cases to
make up the difference. These things must and
will regulate themselves according to the laws
of supply and demand. and in time must equal
ize all things.
The highest price ever realized for Pittsburg
suburban real estate, SO far as known, was
short time ago paid by Mr.. T. G. Jenkins for a
lot on Ellsworth avenue, Shadyside. The size
of the lot is about 11s acres, and the considera-
tion was SIS, 600. The old Aiken mansion,
which dates back some rs years, stands on the
ground, but 1t will be torn down to give place
TO fine modern residence, which Mr. Jenkine
proposes to erect. Imme iiately to the east Of
this property are the elegant residences of Fl.
c. Frick and Robert Pitcairn. On the other
siue oi bne avenue, uIIie east ls tne SnaQy-
side Academy.
An electric motor has been invented by Da-
vid G. Weens, of Baltimore, Md, which OBJ
tanned the rate of two miles per minute on a
curved track. This is equal to three miles per
minute on a straight track. 1t is a threeton
motor made by the Electro-Automatic Transit
Company, of Baltimore. and the experiment
was conducted at the company's grounds, at
Laurel. Md. This is called the automatic sys-
TEN, and is intended only for light express
packages, mail matter and newspapers A FIVE
mile circular track will be constructed imme-
diately to demonstrate the practicability of the
system for passenger service.
During the year 1S45 there were only 5O2 pat
ents issued from the United States Patent Of
fee. and the total issue from the establishment
of the Patent Office up to the end OF that year
numbered only 4,S47. Up to this year there |
have been granted 406 AIS. showing that since |
lS45 there have been issued from the United |
States Patent Office 400, 1855 patents, and about
one-third more applications have been made |
than have been granted, demonstrating the |
of our people to be phenomenal, and |
much greater thar even the enormous number /
of patents issued indicates.S