Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-02
SHADOWS ON TITLES
Not So Formidable as Many Real
Estate Investors Think.
HOW ALAWYER WORKED AND WON
Weakness Still the Dominant Feature Of
the Local Stock Market.
THE NEWS aSD GOSSIP OF THE CITY
HOW ALAWYER WORKED AND WON
TIE NEWS AND GvSSIP OF THE CITY

TIE NEWS AND GvSSIP OF THE CITY
1t is we'll known that marketable business
property in the downtown part of the city
is inconveniently scarce, so much so, indeed,
as to keep away many firms and individu-
ais desiring to locate here. This is a direct
injury to the city.
One reason for this scarcity was stated by
a prominent lawyer yesterday. Many
properties are kept out of the market by
real or supposed flaws in the titles. In most
cases these could be cleared up BY patient
investigation. He cited an instance OF this
kind in which he was interested. A few
months ago property in the Highland
Park district changed ownership at some
thing over $500 Before paying over the
money the purchaser ascertained that
cloud hung over the title, aud backed out,
although anxious to secure the property.
The lawyer went to work and in about two
weeks had everything as straight as yard
stick. He encountered manv difficulties,
some of which ran back 40 years, but he
overcame them all, and presented to the gen.
tlemaa such irre!utable proof of clear title
tina: he finally took the property. This was
distinct gain TO that part o. the city, as
number of important Improvements will be the
outcome.
Considerable property on Liberty, Penn and,
30 doubt. other streets that is regarded as dead
stock. because OF shaded titles. could be made
available for sale or improvement by submit
ting it to the careful scrutiny OF an expert
Title SearchcT. AS these properties are badly
needed TO facilitate the business OF the city,
and to permit of the introduction of outside
capital and enterprise, now practlcally eX-
Guided for want of accommodations. they
should be improved by their present owners or
allowed 10 pass into more energetic hands. 1t
j. an easy matter TO IT m nve all suspicion from
tie titles in the large majority of cases.
Business News and Gossip.
Things were quiet on Fourth avenue yester-
day The weather was not of kind to encour-
are bustlinG.
\ recent sale on Bayard street, Shadyside,
at Si6j a foot front. elevated the standard of
value on real estate on that thoroughfare, 1t
is the highest price ever realized there.
Material is being delivered for the bridge to
span tie railroad at Roup station.
Mr.. d. P. ReiGhard has been elected Presi-
dent of the Central Bank TO fill the vacancy
caused by the resignation of Mr.. Thomas Faw-
cett.
The largest mortgage received by the Re
corder yesterday was for S50OO There were 81
In all, of which y were for purchase money.
The Methodist congregation at Williamsburg
will take action on its new charter Wednesday
evening of this week. Its adoption is neces-
sary to enable the authorities to give good
title to real estate recentiv sold.
II Is expected that the Neville Island bridge
will he open for traffic the last OF the present
month.
1t was known that the Countess Montercole
in viz laS+ nd
tenptS were made to find out where she
stopping. She was the guest IN the family of
Nj. John NJ. Chaplin, manager of the Pitts
burg Clearing House. The Countess went East
yesterday.
Brick for sidewalks finds no favor in wilkins
burg. FlaEstones have been or are being put
down on nearlc all the streets.
Mr.. John Caldwell, Jr., was yesterday elected
President of the Allegheny National Bank in
place Of the late Wilson McCandless. Mr.
Caldwell has for years been identified with the
institution as director.
The Pennsylvania Railroad reports that the
quantity of coal and coke originating on and
carried over its lines east of Pittsburg and Erie,
for week ending November -, was 35.. 94I tons.
Of which 24i, 40 tons were coal and llS 1863 tons
coke.
Two savings bank officials said Yesterday
that they had noticed no falling OF in deposits.
This speaks well for the industrial situation.
The Building Record.
December opened up well for good month
in the building trades. Fifteen permits were
issued. The list follows:
Gregor Fox, frame two-story dwelling, 22xS4
feet, on Arlington avenue, Twenty-seventh
ward. Cost. Sl,s0O.
Adam Keyle. frame two-story stable. 2Ox32
feet, Oh rear of Butler street, Eighteenth ward.
Cost, S7GG
PirtsburC Bridge Company, brick two-story
Office, 6Ux5O feet, on Valley street, Fifteenth
ward Cost, $1,000
Charles Bachman, frame addition one-story
kitchen, l5x32 feet on Brownsville avenue
Twenty-seyenth ward. Cost. $50.
" Mary Cnunahan, frame two-story and attic
store and dwelling 22Xi5 feet, on Kelley street.
Twentv-first ward. Cost, 81 600.
Thad SJuchell. frame addition two-storv shop,
l0X49 feet on Murtland avenue, Twenty-tirst
ward. Cost, $3.50.
Michael Collins, frame two-story dwelling,
l6x32 feet on Fannell street, Nineteenth ward.
Philip Gardner, frame two-story dwelling,
l6N52 feet, on Sims street, Thirty-second ward.
Cost, s. 600
Duquesne Company brick addition one-story
factory 24xlJ feet, on river bank. Thirty fourth
ward. Cos, $500
Patrick Murray frame addition two-story
and basement dwelling l2xl4 feet. on Forbes
street Fourteenth ward. Cost, $500.
Mrs. LIZZIE Adams brick two-story and
mInsard dwelling. 2OX32 feet on Forty-seventh
street, Seventeenth ward. Cost, $500.
Ell Boland frame addition two-story and
alley. Twenty-fuurth ward. Cost, 5000.
Fl. H. Blake, frame one-story blacksmith
shop. 20X4J feet, on rear of Wabash avenue,
ThirJy-titJh ward. Cost, $780,
Mrs. Andrew Amann. frame and glass one
stCry conservatory, l0x39 feet. on Boggs ave-
hue, Thir5y-second ward. Cost, S50
]. +. Gormley, frame one-sIOry wagon shop.
22xj0 feet, on rear of Main street. Thirty-sixth
waId. Cost, 500.
Movements in Real Estate.
Another landmark has changed ownership.
W. a. Heron & Sons sold for Joseph Spencer
the Bulls Head Hotel property. being Nos I9l
and 1873 Second avenue, between Grant and
Ross streets, Second ward. with lot 4Sx65 feet
on Second avenue and 2ix6j feet on Third ave-
nue. The purchaser was Mr.. Frank C.
Koehne. The consideration was $4,000, 1t is
understood that the purchaser will occupy a
part of the property Tor his business.
Reed B. Cnyle & Co. sold for s. Trauernan a
piece of property situate the west side of
Irwin avenue, Second ward, Allegheny. size
Boxes feet, for $1,000 cash. The purchaser will
break ground for new dwelling the coming
spring.
Black Baird sold to George Simpl1ins 10,
No % IN the John A. Roll plan, at Linden sra
tIon, Baltimore and Ohio Railroad, for s5O(
cash.
Thomas r. Jones, of Duff City, the property
No. 223 Arch street, Second ward. ALLEGHENY
City, consisting of twO-story brick house oi
eight rooms, hall, bath and attic with al
modern couVenlences. frame stable in rear, lo
2Oxl0O through to Veto street, for Sc 600 cash
Samuel W. Black & Co. sold the property 1906
josephine street. SouthsIde, being lot 24x92;
Ia LNn1,H @H,r