Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-27
WEEKLY REVIEW,
Important Real Estate Deals-A Square
Offer to Those Objecting to Diamond
Street Improvement Satur-
days Oil and stock
Quotations,

Quotations.
There was nothing in the business stu
alton last week to require special notice
Trading in all the leading commodities was
of good volume. In the speculative mar
kets stocks were dull and prices slightly
shaded. The sales aggregated S,S97 shares.
Petroleum put on a burst of activity and
moved on a higher level of values. 1t closed
steady. Sales of iron were fair, but prices
were still unsatisfactory. Business in mort
cages fell off somewhat Us compared with
previous weeks. The number placed on
record was 1S4. representing SS27, 900. The
largest was Tor $4,000, placed Saturday.
Real estate was active. Several important
deals were closed up. The number of trans
fers recorded was 247, and the amount of
money involved S599.lSS. The prospect is for
good trade all summer and a boom in the fall
There was a report on Fourth avenue Satur-
d Y that the McKelvy farm, above Edgewood,
hal been sold to a syndicate of East Enders for
about $1,000 an acre. Nobody seemed to know
anything definite about il, but some were dis
posed to think there was good foundation for
lHt IepOTls as pIOpeTII several JlmeS
recently been mentioned in connection with
deal of some kind. 1t is well located, con-
venient to both Edgewood and Swlssvale, and
if sub-divided and put on the market it would
no doubt be quickly bought up. The tract con-
tains so or 90 acres
There was an encouraging degree of activity
in the building trade last week. The number
of permits taken out was 56. The total cost of
the houses is estimated at Sl49, ESQ., The largest
permit was issued to the st. Augustine Church
congregation for two-story brick building to
cost S25,3G0 The next largest was taken out BY
Mrs Calvin for five two-story brick houses On
Poplar alley, near Elm street. in the Seventh
ward. As usual, the majority OF the permits
we're for dwellings. There istno doubt THAT
Pittsburg is growing.
The feeling in favor of widening Diamond
street is making good headwsy, notwithstahd-
ing the objections Of a few of the property
holders. Those who affect to think that the
proposed improvement would ruin them can
sell Immediately, for cash, at so per cent tnore
than their property was worth so days ago, by
calling on Black Baird, Fourth avenue. This
offer will hold good long enough TO permit all
directors to avail themselves of its terms A
pTOpOSlIlOu 80 UTOdu anu anu AHNOlTlnR so
much money could be made only on the as
sumption well founded in this case, that the
improvement would more than double values
on the thoroughfare in question 1t is the
strongest argument the wideners have brought
to bear upon the subject When money talks,
people listen.
Within a few days there has been quite re.
vival in the real estate market, sales being
almost as numerous as at any previous time
this season. This is no doubt due Ito the
abundance Of idle capital for which the own.
ers can find no other equally safe and profit
able investment. Money thus placed can be
made available almost any time, and nearly
always at a handsome gain. All resales re-
Gently made have been at an advance over the
original price, The demand is confined to no
particular section, but extends to both cities
and suburbs. and embraces all descriptions of
property-unimproved tracts having the call :.
Local bankers were unable to report anything
new yesterday, but said every
thing in their line of business was in eood
shape, and moving along smoothly Routine
lines were well up. Discounrinc was rather
slack, but taking the week as a whole it was
very good. There was no change infrates, and
no scarcity of small notes. AS shown BY the |
Clearing House report the gain over the cor
responding week of last year was ST. 100000 |
Manager Chaplin's figures for the day, week |
and year are:
LAchanges. l. 765 444 So
3l1 37l a.