Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-08
THEY PROMISE MUCH.
Business Men Watching Proposed
improvements at the Point.
IMPORTANT INTERESTS AT STAKE.
Mere Mention Showing the Drift of Things
Particular and General.
WHAT REAL ESTATE MEN ARE DOING

Business men are keeping watch on Mr..
Schenley's movements with reference to i'm.
provements at the Point. Said one of them
yesterday: "There is not a spot of ground
of equal area in Allegheny county that
possesses so many advantages for business
as the district known as the Point, and con-
templated Improvements, if carried out, will
make it the center OF trade for $50, 900 peo-
pie. That this is not wild conjecture may
be seen in the fact that it is accessible by
bridges to people on the opposite sides of
the two rivers and to large population
down the Ohio, and by street cars to
residents in the upper wards and
suburbs. The opening up of this district to
business will afford opportunity for starting
many new enterprises. and the enlargement OF
old ones. neither of which is possible at present
for lack of ground and buildings 1t will put
Pittsburg OIL more equal footing with rival
cities, and enable her to freely develop her
skill and resources. In other words it will give
her room in which to spread herself II mere
talk of this improvement has been q stimulant
to business, what will the result bef Its COM
pletion will be the beginning Of a new era in
local business history"
Business News and Gossip.
A number of new enterprises, backed by
Pittsburg capital, are talked of for Duquesne,
the hustling town opposite Braddock.
A new plan of lots at Jeanette will be put
on the market in short time.
There is said to be more inquiry for property
in the Second and Tenth wards, Allegheny,
than in all the rest of the city. The exalted
nf 10 hnr hpc
What has become of the syndicate that
started out a short time ago to buy up East
Ohio street, ALLEGHENY From all accounts it
has been more prolific of promise than per-
formance.
Large quantities of low-grade fire brick are
shipped from Pittsburg to Philadelphia. From
small beginning, a few years ago. this trade
has grown to considerable magnitude.
Quartered oak and sycamore are growing in
popularity in this market for inside finish.
They are being used in number of fine East
End residences. The South is the principal
source of supply of tn Sc woods
Samuel w. Black & Co., had an offer of $3O,-
0OO. yesterday. for a downtown business prop
erty. This is very close to the mark.
Larkln Kennedy report that the insurance
businesslis picking up. They are having good
run in that line.
Fire losses throughout the United States for
April were S, 2S5, 52O, against SIS 9S7 OOO same
month last year.
Dividends declared: Bank of Pittsburg, per
cent; Exchange National Bank, per cent;
Citizens National Bank, per cent
The Birmingham Land Improvement Com
pany. of Pittsburg. capital $780, 900, was char
tered at the State Department, Harrisburg, yes
terday.
Movements In Real Estate.
There was moderate inquiry for property
and number of deals were closed
up. The following were reported:
L NJ. Pennock & Son sold and settled mort
gage for 5000, five years. at per cent and no |
lax, on city property. They also sold three |
story brick house. No. 1ly Erin street. lot lSx |
100 feet, for Mrs. NJ. Smyth to Mrs. 8. A. Taper, |
'or $1,000.
w. A. Heron & Sons sold No. 22S Coltart |
Square, Oakland, a modern new house of nine |
'ooms, latest improvements. lot 23x91 feet, for
8, 800, on reasonable payments.
Samuel W. Black & Co. sold for the Blair es.
ate. Twenty-third ward, Glenwood, lot No.
49, on Second avenue, size 24xl20 to 2O-foot
Illey. for 81, 900 cash.
Charles Somers & Co. sold for H. H Negley
% d. s. Corbette fine building lot on Fair
mount avenue, near Broad street, Nineteenth
mount avenue and depth Of LIS feet to an
Hey for Sl60O
Allies Bailey placed mortgage Of IS, 900 for
hree years at per cent property in the
rwenty-eighth ward, Southside.
Black d Baird sold for l. & Z. Gerst to Mrs.
Pheresia Holweg, two-story frame house, No.
$40 Penn avenue, with lot 2OxlOO feet, for
2 200 cash.
Reed B. Coyle Co., sold for B. F. Duncan to
drs. Annes Miller, lot No. %, in the plan of
OTIS at Marion station, Baltimore and Ohio
Railroad, being 2297 feet front on Mononga-
lela street, for $3.50.
Anderson & Beeckman, Lim., sold six more
OTIS at Wilmerdng for $500 each.
James W. Drape & Co. have Just placed a
mortgage on property in McKeesport of $1,000
t 6 per cent. Also three mortgages on prop
rites in the East End and at Homestead of
4, 900 at 6per cent.
]. E. Glass sold for A. L. Watkins and E. M.
Iaveen. lot No. 81 in their plan of lots at Will
,insburg, for S465.