Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-09
BIG DEALS HUNG ZIP.
Difficulty of Closing Real Estate
Transactions in Midsummer.
ACTIVE DEMAND FOR SMALL LOTS.
Speculation Wrestling With Bearish Infu-
ences and Hot Weather.
THE NEWS AND GOSSIP OF TIE CITY

THE NEWS AND GOSSIP OF TIE CITY
This is the worst time of the year to close
up deals in anything, particularly real
estate. Hot weather is promoter of indo-
lence. Few people feel like pushing things
with the thermometer hugglng the nineties.
Their inclination is to get away to noun
tain or seaside, or cool nook in the wilder
ness, and they go if their means are sufi-
cient. Comfort rises superior to business in
such weather as Pittsburg has been having
for a week or two.
This explanation accounts for the lack OF
the customary aggressive spirit in the real
estate market during the past few days. The
heat has driven a number of brokers and IN
vestors out of the city. and those remaining
| are so absorbed in efforts to keep cool that
they find time for little else. The result is that
| many important deals are hung up. and will
remain there until change in the weather In
duces the principals to return. Still, as shown
below, big properties not lifeless
Small properties are less affected. 1t re-
quires but little time and trouble to buy or sell
| building lot of ordinary size; and those want
| ing them are seldom in condition financially
to permit of them taking vacations. Hence the
demand for this class of property is almost as
active as at any former season. Owners realize
this SO completely that they are subdividing
large tracts in the outlying districts to supply
any possible deficiency and afford opportunity
for wider choice of location.
The Causes of Many Fires,
Speaking of fires yesterday, a gentleman who
has run with the machine" remarked that
their alarming frequency was due in great
part to the manner in which the woodwork con-
tiguous to hot-air fues in buildings is pro-
tected. This has been demonstrated by inves-
tigation. Faulty work is in most cases hidden
by Snowy mantelpieces, the fiues being hemmed
in by masses of lath and plaster, which, coming
in contact with the hot-air pipes, are carbonized
This charred wood subsequently ignites and
the combustion develops into fame.
Another cause assigned for the frequency of
fires is found ia the manner in which wainscot-
ing is run over brick fue. In such a case it
is necessary TO drive wooden plugs into the
bricks and to nail the wainscoting to them.
The latter carbonize and then ignite with the
result that the flames are communicated to the
wainscoting.
Business News and Gossip.
Pittsburg is fast becoming the principal GEN.
Ter OF the ure-Drlck industry OF the country.
Philadelphia, Cleveland and Columbus are
among her customers.
There was less life than usual on Fourth ave-
nue. yesterday, owing to the oppressive heat.
No one attempted TO do more than routine
duty.
There were no big mortgages on file yester-
day. The largest was for S3, 800. There were
80 in all, of which Il were for purchase money.
Officials of the Pennsylvania Railroad refuse
information as to the character of the station
house they propose to erect at Edgewood, but
it is understood it will be of bfick and bear q
close resemblance to the one at Shadyside.
The school board at Brushton yesterday re-
elected the Braddock National Bank treasurer.
The same bank is treasurer of the Wilkins
burg school fund. .--N $685.
L F. Stark sold so shares of Philadelphia
Gas at 3lS and 30 I.uster mining at 20.
John M. Chaplin, manager of the Pittsburg
Clearing House. viii pf6babiy succeed the late
N. Grattan Won Bonnhorst as treasurer of the
Bankers and Bank Clerks Mutual Benefit As
sociation. =. = -ss.-
The premium on gold at Buenos Ayres ad-
vanced yesterday from It's per cent to l95 per
cent.
1t is desirable to have an active local stock
market, and the way to secure It is for in
yestors to confine their operations to home
securities. This would help business all round
Dy keeping money at nome.
1t was reported yesterday that site had
been selected for glass factory at Parnassus.
The name of William Adams, of Youngstown,
was coupled with the report
Movements In Real Estate.
c. F. Jahn and Edward Kelly have sold three
acres of land facing Schenley Park for sSO, ,OO0
or $4,000 an acre. They bought it last fall for
$40 600; it was purchased by Howley & Son for
the syndicate of which c. L. Magee and Will
lam Finn are presumably members.
w. ]. Wright and Gerald o'Brfen sold a
property on Joncaire street, fronting the park,
about three acres to the syndicate above men
toned for 5000. This is half of the tract
purchased by Mr.. O'Brien about seven years
ago from Graham Scott for ST. OO0
]. ]. Stoer sold to Felix Mcknight five acres
and a dwelling in the Twenty-third ward near
the Catholic cemetery for sl5 600.
Ewing & Byers sold for Mrs. R. s. Ewing to
Frank c. Echols the property No. S6 Nixon
street, Sixth ward, Allegheny, consisting of two
frame houses, one of seven rooms and hall, and
one of four rooms and finished attic, with lot
2Oxl2O to Pine alley, for 81, 800.
Reed B. Coyle & Co. sold through Black d
Baird to W. 8. Whittier for c. E. West frame
dwelling of seven rooms with lot 5Oxl2O feet at
Ingram station, Pittsburg, Cincinnati & St.
Louis Railway, for 800.
Black & Baird sold to Xavier Wittmer for H,
S. A. Stewart another of those fine brick resi-
dences in Negley place. on lot No. 70, fronting
40 feet on Negley avenue by $50 feet in depth,
for 81 500.
c. Beringer & Son sold vacant lot at Woods
Run, in the John A. Eckert plan, 20x15O, for
$780,
Baltensperger & Williams sold for Mrs. o. c.
Roose two new frame dwellings of five rooms
and attic each, lot 46x1Ol, situate at the corner
of Morrison avenue and street, Second ward,
Allegheny. Purchaser and price confidential.
Allies & Bailey sold to herman Moses lot IS in
the E. P. Jones plan Of lots, Thirteenth ward,
Pittsburg, for 1926.
MApE LEE IN cTanRn