Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-11
GETTING INTO LINE.
Pittsburg Capitalists Taking More
Interest in House-Building.
GOOD RESULTS MAY SOON FOLLOW.
One of the English Visitors Falls in Love
With the East End Suburbs.
THE NEWS AND GOSSIP OF THE CITY

Time was, and that not very long ago,
when Pittsburg capitalists thought it be-
meath their dignity to engage in house-build-
ing. They preferred to invest in something
more fashionable and with more mellif1u-
Gus name-shares, bonds, mortgages and
what not, sometimes to their sorrow, for
these were not always what their fancy had
painted them.
As a profitable and secure investment
house-building holds first place, and it is
gratifying to know that local capitalists are
beginning to appreciate this fact. One of
them is talking of putting up 100 houses in
the Fourteenth ward. Another may do as
much in the Nineteenth. Several other pro-
jects in the same line, and of equal magnitude.
in otner parts of the city. are IN contempa-
ton.
There is no other city in the country where
small and medium-szed houses renting for
from $40 to SIS. are in such urgent demand.
This is all themore remarkable when it is con-
sidered that an indefinite number of such
houses could be promptly rented to good
tenants and that they net s to 10 per cent on
the money
AS clIncher to the foregoing, gentleman
who occupies responsible position IN she
City Assessors office, said yesterday that there
Twenty-third ward. He added. that if any en-
terprising capitalist would undertake the erec-
ton of 100 houses IN that ward he could rent
them before the foundations were laid.
An EngIishman Charmed.
One of the English visitors. who is acquaint-
ed with Mr. Hill Burgwin. visited that gentle
man at his residence at Hazelwood yesterday.
Mr. Burgwin. during the afternoon, showed
his friend through some of the outlying dis
tricts, and afterward took him TO the charming
country seat of Mr.. Ira NJ. Burchfield, which
occupies position commanding good view
of the Monongahela valley and river as far up
as Port Perry and as far down as Homestead,
and also Williamsburg and swissvale. The Wis
itor said the view was the finest he had had in
this country, and equal to anything in Europe.
He was greatly impressed with the possibIli-
ties of the entire region. and thought, from its
manifest advantages, that it would not be long
before IL would be full of homes and manu-
factores-ln all of which Pittsburgers entirely
agree.
Business and News Gossip.
People who have located along the line of the
Valley Railroad are clamoring for more trains.
AS it is the service is very unsatisfactory.
Several extensive building schemes are being
talked up for the lower part of Allegheny as
soon as California avenue is opened and the
electric cars started
There were 40 mortgages on file yesterday, Of
which IL were for purchase money. The larg-
est was for $4,000 Fifteen were for less than
81. 900 each.
Penn avenue and Wood street, Williamsburg,
are being paved. with brick.
A Fayette county farm was put on the mar
ker yesterday at $50 an acre. Country people
seek the city when it is prosperous and go back
when the bottom falls out. This accounts for
the present low prices for farm lands around
Pittsburg.
Pittsburg banks hold ss4l, ,S5l in excess of the
Is per cent required by law. This is a very good
working margin.
Dividends declared: Sharpsburg and Law
renceyille Bridge Company, 81 80 per share;
CHARTERS Valley Gas Company, N per cent.
London was steady yesterday and inclined to
buy. The feverisE feeling of the previous day
was succeeded by one of confidence.
The Treasury announces that until further
notice AZ per cent bonds will be redeemed with
interest 10 maturity on presentation at the
Treasury Department at Washington.
All who are interested in real estate should
read the advertisement announcing the public
sale of the Kuhn property on Diamond street.
1t is valuable and must be sold, which means
bargain for somebody.