Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-07
IS STILL A QUESTION.
Widening of Diamond Street Not
Blocked by Building Operations,
IT is STILL A LIVELY ISSUE.
SOmeImpOrtant Transactions in Real Estate
Away Out Penn Avenue.
CAPITALISTS ASKING MORE FOR MONEY

The prosecution of work on the buildings
at the corner of Wood and Diamond streets
is not accepted as an indication that the
project for improving the latter thorough
fare has been abandoned. Said promi-
nent business man yesterday: "The owners
of the buildings in question are proceeding
on business principles. They don't feel
like letting the property lie idle; they want
to get some good out of it. Even if the
buildings are finished, they will add but
trife to the cost of the improvement. l
think the sentiment in favor Of widening
the street is growing, and look for some definite
action before long. 1t is the most important
question now before the Pittsburg public"
$50
In arranging the affairs of the estate Of the
late Colonel J. Heron Foster it was found de-
sirable to offer the Fifth avenue property on
which THE DISPATCH business office stands at
public sale, under an order Of the Orphans
Court, in the process of settlement. The above
was done yesterday. The highest bid was from
Mr.. J. H. Emery, representing the chief parties
in interest, and amounted to $4,000. This was
subject to a dover interest, and to existing
leaseholds of the premises by The DISPATCH
and other tenants, to run number OF years.
Though the figure bid was handsome one,
showing fine increase in Fifth avenue values,
it was thought that still better might be reached
by postponement which was accordingly or
dered till Friday next. The mechanical re-
uuirements of the paper necessitated some time
ago the erection of the much larger and more
commodious new DISPATCH building on Dia-
mond street for publication purposes, but its
main advertising offices will continue, as here
tofore, at the Fifth avenue building.
There is quite furry in real estate on Penn
avenue, East End, and particularly on that
portion lying between Hiland avenue and
Rebecca street, where some of the East End
capitalists have been quietly buying up all the
available property they can get and number
of transfers have been made recently involving
over 100000 One very desirable residence
property on Black Horse Hill changed hands
for $4,000. and will be sub-dIvided and offered
to the public as desirable building sites by the
18th of this month. This portion of Penn ave-
nue. has been comparatively quiet for some
time, but the cable road and the opening Of
cross streets such as Negley and Euclid ave-
nues and St. Clair and Beatty streets and the
paving of Negley and Center avenues and
Baum street, have brought it into direct COM
munication with the Baum plan and also with
the section lying north of Penn avenue. As
result an advance Is assured similar to that
affecting the avenue further down in the old
city Already number of new and substantial
business houses have appeared in this locality
and number of others have been projected.
+EE
Where there's will there's way. A former
Alleghenian bought a lot near Williamsburg
month or two ago, and to save rent he put up
shanty of rough boards at cost of about $40,
where he is living with his family while his
house-a comfortable little francis being
built This spirit of independence-thisd deter
mination at any reasonable sacrifice to live
within his means-f persevered in, will surely
lead to comfort if not fortune. The example
of this man is worthy Of large imitation.
80
That there has been, and is. a large move
ment in the money market is shown by the fact
that two months ago it was freely offered on
mortgages at per cent, without State tax.
Now, per cent, with the tax is asked for it on
the same security-a difference of trife over
one-half of per cent This shows that there
is less idle cash in the community than is gen.
orally supposed.
There is good prospect for cheap bread the
coming autumn and winter. A Liberty street |
-four dealer returned from trip to the West |
and Northwest on Saturday, and reported that |
he never saw the wheat crop in better condi- |
ton. A larger area than usual will be devoted |
to corn. Spring work was in full progress |
everywhere, and the farmers were IN excellent |
spirits over the promise of rich reward for |
their labor. Another thing that forcibly i'm
pressed him was the rapidity with which the
majority of them being Scandinavians and |
Germans