Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-27
VIEWS OF EXPERTS.
Brokers in Real Estate Talk Inter-
estingly About the Market.
DEMAND GOOD AND PRICES STRONG.
Continued Activity in Speculative Circles
With a Turn for the Better.
THE NEWS AND GOSSIP OF THE CITY


They are in position to speak intelligently
on the subject and their opinions are enti-
tied TO great weight. twill be noticed that
almost every speaker expresses bullish SEN
timents either outright or in modified
form.
George Schmidt have nothing but
good to say of the market. There is no bet
ter or safer investment. Prices on the aver
age are uone too high, considering the growth
of the CITY in population and business. To
show my faith in what say 1 will begin the
erection Of 20 brick houses in the Eureka place
plan Oakland, early next spring
J. c. Reilly-The market is in good shape.
There are plenty of buyers for property in good
localities. The prices are very stiff.
Baxter, Thompson & Cove have a good
inquiry for improved properties in both city
and suburbs There is no depression in prices
and no scarcity of home money seeking invest
menJ III mortgages.
samuel W Black & Co.-CapItalists are put
ting their money into real estate. which is \
pretty good lead 10 ruIig". 1t shows they have
confidence in the marhei. OF course. there are
always people to take advantage OF any scare
TO depreciate what they want to buy, but as
real estate is not easily Affected bv temporary
disturbances We have noticed no decline. The
demand is quite as good as 1t has been for the
past two or three years.
I. q
for all kinds OF properties. Prices are strong
and give forth no sign of depression. The in
ouirv for houses shows no abatement.
j. =. Larkin & Cove have not found any
trouble in interesting people who want to pur
chase. Prices are strong and inquiries as
numerous as ever for good properties. Real
estate is always good investment and after all
is the only real security.
Allies & Bailey-We have a good steady in
culTv for CITY and suburban property. Prices
are hrm. but considerably lower than in any
TrfTT
erty finds ready purchase, showing that money
IS al right.
Black & Ba1rd-We find inquiry rather on the
increase. Prices are steady, with tendency
TO advance in many cases. There is an
enormous inquiry from outsiders for first-class
business houses. We think the struggle for
houses next spring will be something like that
narrated IT the Bible where seven women laid
hold Of one man.
W. \. Heron & Sons say that they find the
market for real estate good and steady. Many
purchasers can be found who willing to
buy improved and unimprOved property at fair
prices. The market is no slower than before
the stock trouble, and the demand for bust
ness houses and dwellings is fairly good but
there is no excessive demand beyond th at
caused by the natural growth of the city and
above that of ordinary renting seasons for
several wears back
{. Il. Loys-Tbe market is all right. During
the past two weeks we have had the best busi-
ness and made mere good-sized sales than in
the same length OF time for several months.
We ind number of persons who heretofore
lave been investing in stocks and bonds are
now taking hold of realty. We have several
large transactions under negotiation. We think
there Will be good active winter business
Prices are fully sustained.
VI. F. Hipple & Co.-The inquiry for the bet
ter class of dwellings and lots is better than it
was some time back. This is largely due to the
influx Of oil operators and manufacturers. We
think the stock furry will have a tendency to
increase tue inquiry tor real estate an invest
nenL The demand for choice residences of
from $4,000 TO 81, 900 is in excess of the supply
We do nOS think prices have reached the iop
as by comparison find values here lower
than in other cities with only fraction of the
business.
W. i. Hamnett & Co.-Suburban property is
10 as good demaud as ever. We have averaged
a sale a day lor the last month. The great
want OF Williamsburg and other places in that
section Is dwellings to rent. Fifteen per cent
can be readily realized by building this class of
houses.
Charles somers & Co.. c. W. Stewart. Ewing
& Byers, James W. Drape & Co. and others eN-
pressed similar opinions, showing that conf
oence IN real estate Is not only Widespread but
that i rests on a foundation OF actual business.
Business News and Gossip.
There is much 10 be thankful for to-day.
Even croakers should be glad that they are
alive.
Sometime since an interview with the cashier
of the National Bank of Commerce in regard to
Williamsburg titles from the bank was pub
from the hank have been quite uneasy on the
subject notwithstanding the clear statement
then made. The McDeYitt case has recently
been decided in accordance with the view Of
the matter taken by the cashier in the inter-
view. The court held thas McDevit. acquired
q good title and his vendee would have to CON-
plete the purchase, there being no flaw; that
the only question was between the bank and
the Controller and he was debarred by the
10 nf Il
year clause IN the law. This decision should be
2 good dessert for the Wilklnsburgers Thanks
giving dinner.
sloan 4 Co. sold $4,000 worth Of lots at West
NtlmcTuluC on Tuesday.
Each OF the IS mortgages file yesterday
were for less than $1,000. Ten of 33 were for
purchase money. The largest was Tor s., ,00U.
J. =. Reilly yesterday offered the property
corner oi Third street and Penn avenue at
pubnc auction Quite a crowd was interested,
br'. as the bids faiied TO come up TO the mark,
$50 being the highest the sale was adjourned
70 next " CdneSdGy.
Julius f. stark sold % shares Of Philadelphia
Gas Company stock at 2l2s
There was = sale Of Electric scrip yesterday
At -
Unusual regret is felt among brokers and
bankers over the sudden death of Z. V an Buren,
Jr., Cashier OF the German National Bank. He
was popular and efficient officer.
Tie opinion was freely expressed on Fourth
avenue yesterday that the storm was over. Be-
lieving SO is a good way to make 1t SO.
The Building Record.
The Building Inspector yesterday prepared an
excellen: menu in the way of business for to-
days Thanksgiving He issued l3 permits.
generally Tor a good class of houses The list
Is appended.
Charles Curran. frame twostory dwelling,
1882 feet, on Locust alley, Eighteenth ward
Cost, s., ,OOG. d.
Henry LehrmaEn, frame two-story dwelling
lsN&2 feet, Oh Monastery avenue, Twenty-sey-
enth ward. Cost. $1,000.
Leopold Lehrmau. frame one-story and base
rrcnt dwelling. l7N31 feet, on Monastery ave-
nue.. Twenty-seventh ward. Cost. $500.
Mt Washington Presbyterian Church. frame
,iQe-story and basement church, 50x7O feet on
CIranGv!ew avenue, Thirty-second ward. Cost,
Sll,U01.
dwelling, l0X25 1cet. on Colwell street, Eleventh
ward. Cost, $1,000.
John Brainc, frame addition two-story
dwelling. l5xlS feet, on Penn avenue, ,Ninetecuth
August Schiinger, frame two-story dwelling.
l714I52 feet, on Liberty avenue, Sixteenth ward.
Cost, 1850
William Reams. frame and brick two-story
and msusard dwelling 26x29 feer. on Baum
street, Twentieth waru. Cost, s.. 600
Andrew Rechtanthaer. frame two-story
dwelling, 17X5z feet, on Hew street, Sixteenth
ward. Cost, $500.
/ = Zilnmer frame two-story dwelling I7x32
feet, on Yew street, Sixteenth ward. Cost
SLIGO.
Eagle Transfer Company. Limited, frame one
story Office. l4xl6 feet on second avenue, Sixth
ward. Cost, $50
Eugene Droeger, frame two-story and base
ment dwelling. 22X3i feet. on Industry street,
Thirtv-irst ward. Cost. s. 600.
George SimpkIns, frame twostOry dwelling,
lHN3i feet, on the Roll plan OF lots, Fourteenth
MaTd. Cost, Sl,5OO.