Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-18
Pitt,burg Capital Abroad.

Quite number OF citizens departed from the
city yesterday afternoon for other parts, near
or remote, and on business or pleasure intent.
Among the travellers was small party of Pitts
burg capitalists, whose destination was Chi
cago, where they will examine the inducements
for investing in realty.
One of the members of the party, Mr.. John
Walker, formerly of Carnegie, Phipps & Co., is
said to have invested in the last few months
over $500 900 in Windy City real estate. Another
member is connected with a Pitrsburg syndi.
cate which recently made over 500 900 by one
turn in Chicago property. They hold options
on several valuable pieces there, and will
probably engage in some large deals. 1t may
be mentioned in this connection that one Of
Pittsburg's iron kings took fancy to Boston
short time ago. and invested $500 900 in busi-
ness property there.
Going away from Pittsburg to invest in real
estate looks akin to the performance of carry
ing Goals to Newcastle; and some may think it
a severe drain on the supply of home money.
or course these large investments II D1ade here
would be a great stimulus to business There
is compensation, however, which tips the bal
ance in our favor. Capitalists from Omaha,
Chicago, Cincinnati, Philadelphia and Rich
mond, Va, have and are making handsome in
vestments in Pittsburg realty, which keeps up
the equilibrium and something more. This is
shown in the rapid growth Of the city in popu-
lation and business
Business Men Talk.
There was the usual variety Of street talk
among business men yesterday, and some Of it
was important
Mr.. e. l. Magee remarked to q friend who is
his opposite in politics that he had good reason
for thinking that Mr.. Andrew Carnegie would
expend $40, ,0O0, 900 in the next ten years-a mil
lion a year-ln Pittsburg improvements and
the promotion of unselfsh interests. 1t is un.
derstood that Mr.. Carnegie is considering a
plan to supply the urgent demand for small
and medium-sized tenement houses.
Speaking Of backward localities in various
parts Of the city. gentleman said that the dis
trict on and west of Shingiss street-Hard-
scrabble and Old avenue-would soon cease to
be included in that category. Property there,
he added, is looking up, and q number of i'm
provements are talked OF and will likely ma
terialize. This change for the better is due to
the building of the Duquesne electric road.
In regard to real estate values, a prominent
broker said the highest price ever paid for
property on North Highland avenue was
sl27 80 foot front lot, 80 by 323 The best
price yet realized for Boquet street property is
sll0 foot 'front.' The broker quoted above,
referring to the recent deals in the Squirrel |
Hill district, said the complete story had not |
been told, but it would be soon as little |
matter connected with them could be closed |
up. 1t will be interesting.
<<xR
Movements In Real Estate.
There was q good. quiet movement in real |
estate during the week, and fair amount of |
business was closed up. The outlook is excel.
lent Inquiry was largely for suburban build. |
ing lots. Large properties were reported
little slow. In addition to the sales noted above
the following were reported:
Reed B. Coyle & Co. sold for Frank Cart
wright to Henry Fenner frame house of eight
rooms. with lot 20xT063 on BoQuet street, for q
price approximating $500
Magaw Goff. Limited, sold In the Oak sta
ton plan, three miles out the Castle Shannon
Railroad, lots Nos. l04 los, 1O6 and lO7 to Ed
ward Gass for S400; and lots Nos. l0l l02 and
l0S in the same plan to John Dugard for
$500; also sold for Thomas Hogan to Amelia
Newcomb the nve-room brick house and sum-
mer kitchen No. IL Martin street, Allegheny,
lot 22x64 for SS,0O0
Black q Baird sold for W. G. wilmot to
Charles Freibertzhauser a lot on the west side
Of Boquet street, Oakland, between Semple
and Wilmot streets, 6Ox250 feet for s6,5S5 49,
This is the highest price ever paid for Bouuet
street property, being about sll0 per foot front.
They also sold for ]. W alter Hay lot No. IL, in
the Valley View plan of lots, situated on Re-
becca street, Allegheny for s4O0
Hamnett & Meredith sold lot l54, plan No. z
wilkins estate, Williamsburg to w. O. Helms
for $3.50.
Mellon Brothers sold to Joseph Smith lot No.
I2. in their plan Of Copeland place. near Brad
lock, lot 24xl00 feet for S375.
Anderson d Beeckman, Linn, sold II more
OTIS in the Watkins plan at WIlmerding.
Allies & Bailey sold for Francis Clancy a
'rame dwelling of six rooms, etc., lot 15x72 on
Commerce street. near Canton, to the Pennsyl.
vania Tube Works, for 81 $50 cash.
]. E. Glass sold for A. G. Watkins lot No. q
n the Watkins place plan, at Wilmerding, for
$50.
Ewing Byers sold for John Venney to ].
sh1fer a two-story frame house Of five rooms
md attic, with small lot on Peach alley, Allie
.heny for 81. 800 cash.
Charles Somers & Co. sold for James b.
Aiken to George Jayne lot No. 10 in the Fair.
mont plan, fronting 25 feet on Fairmont ave-
lue and in depth l70 feet. for $3.50. Also lot No.
% in the Fleming Park plan. Pittsburg and Lake
erie Railroad, in size 25xl00 to an alley, for
Dean & Whitty to w. B. Have. for $50.
Baxter Thompson & Co. sold for William NJ.
1enner a lot 24xS7 feet, situate on the south
vest corner of Harvard and Beatty Streets
east End, city, for $3.50 cash.