Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-19
SALES ON THE SLY.
Important Deals in Realty That Fail
to Meet the Public Eye.
SOMETHING DONE IN ALLEGHENY.
Apartment Houses and the Condition ofthe
Public Park Question.
BROKERS HUNGRY FOR ELECTION NEWS

Ex-Mayor Henry A. Weaver, who handles
large properties exclusively, told me yester-
day that he knew of several important
transactions Of recent date that had been
withheld from publication at the request of
the principals. He added:
81 have made three or four deals about
which was requested to keep quiet. One
was for SS5, 900 and another for trife less,
but as the pledge of secrecy has not been re-
voked am not at liberty to 60 into details.
This goes to show that there is large move
ment in real estate that does not appear upon
the surface, and perhaps never will"
Another real estate dealer whose Office is
within pistol shot of that of Mr.. Weaver. said
he had just heard from a reliable source of two
transactions in Allegheny both residence prop
critics, one being located on North avenue and
the other on Lincoln avenue. Both locations
being giltedge the prices realized were pretty
steep.
There was another rumor, but less definite
than the above of the sale of fine residence
on Ridge avenue
While rumors, in most cases, are to be ac-
cepted with caution, thcy serve a good purpose
in business as in politics by showing which way
the wind blows
The johnson and the Blair estates constitute
a large slice of the Twenty-third ward. A part
of the latter has been subdivided and put on
the market by Samuel w. Black Co. The first
sale took place on Monday. Four lots were sold
at good prices. This district is fast coming into
public favor. 1t possesses both city and country
advantages, and will have an electric railroad
before the end of the year. I am told that the
rest of the estate will be laid out in lots soon
as those now on the market are disposed of.
The Twenty-third ward is one of the particu-
larly bright spots of the city. and is fast filling
up with good class of people.
"How is Oakland coming up?" I asked a
gentleman who has property interests in that
district. He looked at me as if he thought
ought to know all about it, and replied:
I'VE are in the swim-not the soup-and
there are no flies on us. Property is going off
like hot cakes. Sales are made almost every
day. The certainty of rapid transit has given
us such a boom as but few other sections of the
person who wants a glimpse of Paradise, send
him out to Oakland"
The last remark should be accepted in
modified sense, but it is a recognized fact tesl
timony to the truth of which has been borne by
many distinguished foreigners, that the suburbs
of Pittsburg are among the most beautiful in
the world, and of these Oakland Is one of the
finest. -n-.r
A representative of the firm of Black &
Baird returned yesterday from trip to Cleve-
land where he inspected several of the apart
ment houses for which that city is becoming
noted. asked him what the people thought
of them, and he replied: t.
They are so popular that there is not va
cant room in any of them. Besides, they are
first-class investment, paying about per cent
net. This being the case there, where land
suitable for building sites is almost limitless
in quantity and cheap in price, they ought to
do better here, where land is scarce and dear.
They are luxury in Cleveland. Here they
are a necessity. 1 think the present effort to
introduce such houses in Pittsburg will prove
a great success"
At the stock call yesterday afternoon I
noticed that the interest of the brokers was
about equally divided between the business be-
fore them and the election. Captain Barbour
was quiet and meditative. He had done his
work and awaited the response of the people.
The break in Electric-whlch really was no
break at all-attracted less attention than a
telegram from Butler borough to the effect that
the amendment had been carried there by more
than three to one.
Every scrap of news bearing on the result was
sought for and eagerly perused. No bets were
made, but every man was confident that his
side would win and the other fellows be showed
under. When the gong sounded the "boys"
hurried away as if hungry for news of the
great event.
asked gentleman yesterday: "What shape
is the public park question in?' In reply he
said that nothing had been done in the matter
SO far as he knew. Recent occurrences had
driven the subject from peoples minds, and it
was not likely that anything definite would be
done this season.
He believed, however. that the agitation in
favor of parks would not be suffered to die out
until the wishes of the people shall have been
complied with. Their necessity had been
established, and nothing remained but to de-
wise ways and means for their establishment.