Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-13
Real Estate Values.

business streets in Chicago, ground is held at
from Sc, 900 to IS, 600 foot front. AS high as
5000 foot has been paid for choice locations
in Philadelphia, while in New York the best
properties are hard TO obtain at any price.
There is property on Fifth avenue. in this
city. that would readily bring 5000 foot. but
so far as can be ascertained there has never
been a sale at so high figure. 1t is fact not
generally known that the highest price ever
realized for property in this city was not on
Fifth avenue, but Fourth, the instance being
that of the sale of the Trad esmen's Bank p-op-
erty at the rate of about S4,400 foot front.
This shows that Pittsburg is following in the
footsteps of other cities by holding property
on the financial streets higher than that on
either the wholesale or retail commercial
streets.
Complaint is occasionally heard that resi-
dence property is too high. There is no better
foundation for this than in the case of business
property. While Pittsburg is not an eXtrava-
CANT city she is by no means cheap one. Cheap
property means stagnation, and no one will say
that such a condition prevails here. The city is
growing in everything tending to increase her
importance as manufacturing and CONNER
cial center, and of course property values can
not remain stationary. They must advance
really much cheaper than it was five or ten
years ago, for 1t is easier to earn the money TO
pay for it.
Yesterdays financial news from London,
New York and Washington was encouraging.
The steamer Lain, which sailed from South
ampton, has on board ESQ, 600 of gold for New
York.
A number of handsome Improvements are
slated for the Schenley Park district, among
them the finest private residence in the county.
Baxter, Thompson & Co., report more sales
of real estate to date this month than in any
equal period of time since last spring. Many
new buyers are taking hold.
The highest price ever paid. for ground in the
Squirrel Hill district was at the rate of S21, 900
an acre. The transaction took place last fall
Mr. Bell, the Boston builder and CAPITALIST
who has located here, proposes to erect all the
houses he can find a market for, He will begin
operations in a short time.
Eight of "a mortgages on file yesterday were
for purchase money. The largest was for Sc 000
]. b. LarkIn & &c. say the recent fires in this
city have caused quite squirt in the Insur-
ance business. A life insurance agent said tue
other day tha: the best work he ever did was
due to the announcement. some years ago, that
cholera had broken It in Philadelphia. Peo-
pie always act in tho presence of danger.
There are about 50 stores in Williamsburg.
Ten years ago there were less than half a
dozen. Business is sufficient to support bank.
The proposed enlargement of the East Liber-
ty stockyards dispels the idea that they are to
be removed and nips several promising real
estate schemes.
Mrs. Hugus is finishing five pressed brick
dwellings ON Negley avenue, near Penn.
Edward P. Long sold so shares of Westing-
house Electric at 1871.
James w. Drape writes from New York that
the tone of the financial and business markets
there and in Philadelphia is one of confidence.
He is expected home to-day.
The Building Record.
Four permits were taken out yesterday for
ten houses the cost of all being $50, ,5OO The
list follows:
Phillips & Co.. frame iron-clad one-story
glasshuuse, 10Uxl00 feet on Mary street, Twen-
ty-slxth ward. Cost, s9.50n.
]. ]. Finberger, frame one-story shop, 14xl6
feet, on Wylie avenue. Thirteenth ward. Cost,
S2OC.
.W.Siebert, seven brick two-story dwellings.
lS15x32 feet each on Forty-second street, Sew
enieenth ward. Cost, S., 900
Nit. Washington NJ. 4. congregation. frame
onP-story and basement church. 5314x591z feet,
on Sycamore street. Thirty-secOnd ward, Cost,
$1,000
Movements in Realty.
James w. Drape & Co., sold two houses and
lots the parks. Allegheny, for Sl4, ,450 cash;
also a house and lot in Scott township, near
Mansfield, for 81, 500.
Thomas McCaffrey sold for w. C. Hunter to
John Armstrong. property on Taylor street,
for s.. $50; also for Joseph Rice. the property
No. 1925 Carson street, for 81. .75U; also for Miss
Kate Forbes to John F. Genge and wife,
| lot 20xl00, on Liberty avenue, for 81, 100.
| Black & Baird sold to John ]. GerlOck, a two
story brick dwelling. No. l72 Forty-tirsr street,
LawrencevilIe, with lot 2oxlOO feet, for $500.
| spot cash.
H. G. Clarke sold a lot 60xlo0 feet. corner Pitt
and Kelly streets. Williamsburg, to Mrs. Flora
| Deithurn, for g, 900.
| 81 in Jane Pusey's plan, Tenth ward, ALLEGHENY
City, lot % feet by 100 to 20foot alley, to NJ. h