Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-19
OCEANS OF TROUBLE
Beset the Pathway of Real Estate
Brokers, Testing Their Patience.
MANY INSTANCES OF BAD FAITH.
Speculative Interests Still in Hole, With
Nothing Cheering in View.
THE NEWS AND GOSSIP OF THE CITY

There is more friction between property
owners, buyers and agents than is commonly
supposed. In discussing this subject yes
terday one of the latter said: eve have a
hard road to travel. Many people think
that about all we have to do is to sit in our
Offices and receive money. There never was
a greater mistake. We do more hustling
than any other class of business men, and
in many cases without anything to show for
it. We spend considerable of our time in
chasing wild geese. 1 have just returned
from such q round. For two or three days
1 have been trying to sell house for man
in the Fourth ward. He agreed in writing
to accept q certain figure. After nearly
running my legs off found customer this
morning who agreed to take the property at
the price named and telephoned the owner
to that effect. He replied that he had
changed bis mind and wanted $500 more.
That killed the deal. I could sue him and
recover something, but such a course would
| cost more in time and trouble than what 1
| would gain would be worth.
| "An brokers have experiences of this kind
almost every day. and it requires great deal
| of forbearance to keep them out of the courts.
Sometimes the owner backs out; sometimes
| the buyer. 1t il the hardest thing in the world
to bring both parties to the scratch at the same
time. That is the reason so many deals are
hanging fire. Women are the hardest custom
ers to deal with. They change their minds
with their dresses. What they agree to do one
day they ignore forget the next sold a
property for . lady above Grant street few
days ago, and sent to her for the deed She
sent me a note saying she had concluded not to
sell. 1 spent several days on the job and will
get nothing for it-not even the money paid
out for advertising. We bind our customers as
closely as possible by getting written agree
ments. but still they fly the track and leave US
in the lurch.
There is an exception to the general rule in
this respect, which 1 think will interest the
public. sold nice property for a lady in one
of the upper wards short time back. When
sent the deed to her to sign she refused l
wrote her a brief and courteous note to the
effect that had been at considerable trouble
and expense in the matter, and that If she per-
sisted in her refusal to sign the deed would
sustain a heavier loss than could well stand.
1 left the matter entirely to her sense of honor
and justice. She signed the deed at once and
sent 1t to me, accompanied by note saying
that she could not eudure to repay such honor
able treatment with anything resembling a
breach of faith, and therefore transferred the
title as desired This leads me to say that even
in the real estate business soft words often &C
complish what threatenings and abuse would
fail to do"
Business News and Gossip.
The deal for the Crawford farm, $50 acres. at
Parnassus, was closed yesterday by the trans
ference of the deed.
Manager Chaplin of the Clearing House,
spoke a few words of warning yesterday, He
said: "You had better notify the readers of
THE DISPATCH of the existence of dangerous
$40 counterfeit note on the Germania National |
Bank of New Orleans. The city is full of them. |
The counterfeit so closely resembles the genu- |
ine it is said, that even experts are puzzled to
detect the difference"
Forty-one mortgages were IN the Re- |
corder's file yesterday, the largest being for |
ST. 600 and the smallest for $500. Fifteen were |
tor purchase money.
Said a prominent bank officer yesterday:
You may state that while Pitts burg fnanciers /
hold variety OF opinions on the silver ques-
tion, they are almost unanimously opposed to
free coinage of that metal II would lead to
wild speculation, extravaganza and disaster.
Some addition to the working capital of the
country may be necessary. but such imitation as
the Senate proposes would be the worst thing
that could happen to business"
Contractor Lohr, OF Williamsburg, has broken
ground on his lot on Wood street for two three
story brick business houses.
The project for a club stable in the East End
which caused considerable talk few months
ago, has been abandoned for want of sufficient
encouragement.
1t leaked out yesterday that Anderson &
Beeckman, Linn, conformity with Samuel W.
Black Co.. negotiated the sale of the Glen
property, II acres, to the Laurel Land
Company for s35 600. The tract has been sub
divided, and will be put on the market in a few
days.
The Dollar Savings Fund and Trust Company
of Allegheny will begin business next week, the
capital stock having all been paid in.
|
Movements In Real ESTATE.
There was good deal going on in real estate
YESTERDAY principally in the way of inquiry, al
though considerable business was closed up.
All the leading brokers reported a good out
look for the summer.
E 7. Schaffner sold to John LETTER house
and lot situated corner of Seventh street and
Murray avenue. for 81. 800 cash.
Black & Baird sold for Catharne Zeigler the
known as Ais. 4ll7 and 4ll9 Main
street, Sixteenth ward. city, having frontage
Of 81 feet by so in depth, extending back to
alley, for S., 500 William A. Zeig-
Ter was the purchaser.
James w. Drape & Co. sold collateral in
terest in piece of property adjoining Franks
town avenue, East End, for 81, 600 cash; also
closed three mortgages in same vicinity of
SC. $50 at per cent; also placed a mortgage of
sc, 900 on residence property in McKeesport
q |