Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-09
How the Old Plan Works.

gle order system of marketing real estate-that
Is, of an owner giving one agent exclusive con-
troll of property which he wishes to sell-re-
ceved the hearty Endorsement of many of the
leading brokers and of some owners who caught
the idea. A broker illustrated the weakness of
the opposite course in thin way: IAN owner
came to me to sell a house aud lot for him at a
figure close to $4,000. Being good property I
thought could easily find buyer, and almost
felt the commission in my hands. But the
illusion was quickly dispelled when he told me
he had placed it in the hands of half dozen
other agents.
'I entered it in my book and told the owner
that if anybody came along and wanted such a
property l would try and sell it. but couldn't
to me exclusively 1 think could have sold 1t
within week. It IS still on the market and
will probably remain there for some time. as
other agents. no doubt, arc equally tndiHer-
! ent about pushing it."
Not Dead Stock.
1t is folly to talk about real estate being over
sold so long as the demand for houses and lots
at a fair price is greater than the supply. If
there were symptoms of abatement of the de-
mand, is it reasonable to suppose that capital
lists would keep on buying acreage and putting
it on the market? This they would not do if
they did not expect to find customers They
have no more love for dead stock than other
people. That they are doing 1t argues demand
above supply-a perfectly justifable conclusion
expansion of business. Real estate Is all right
las good as Government bonds.
Business News md Gossip.
Black & Baird-strange as it may seem. we
have no houses for rent in Allegheny City-not
one of any kind-and have hundreds of appli-
cations There must be something in the state-
ment that houses are scarce.
"a sfa tad 6,at optione ho haop fabor an
100 600 acres ofland in Allegheny county within
the past six weeks or two months. A sale Of
200 acres up the Monongahela was reported
yesterday at s2e5 an aero.
There is considerable inquiry for Fourth ave-
nue. property with very little on the market.
The next important event on that thorough
fare will be the sale of the Exchange building
next Saturday.
1t is the duty of every citizen to do all he
can to keep business up to its present high
level, and the best way to proceed is to buy a
lot and build house on it before prices go
beyond ordinary reach.
That business is brisk is shown by the large
patronage of the savings institutions. There
is no better index to prosperity.
Fourteen. of 2S mortgages on file yesterday
were for purchase money. The largest was for
sl9,50 About 30 were Cancelled during the
week.
1t was reported yesterday that $500 foot
had been paid for property on Third avenue,
not far from the Government building.
j. M. Schoonmaker is finishing fine stone
residence on the corner of Ellsworth avenue
it will cost $50, 900 or more.
Bayard street has been opened from Neville
to Anderson avenue. Roup street has been
completed between Ellsworth and Walnut
Lilac street has been graded and curbed and is
ready for the broken stone.
A large amount OF money is tied up in the
savings banks. While 1t is not really needed its
release would be benefit to business
The day set for the sale of the Cyclorama
building falls on Thanksgiving. and will be
changed. 1t Is probable it will occur on the
Work on California avenue is greatly him
dered by wet weather, but is proceeding as
fast as possible.
The idea of running steam railroad through
Neville Island seems to have been dropped. An
electric road is now the talk.
The Building Record.
Dnring the past week 46 permits were issued,
representing 81 buildings-12 brick, 81 frame
and two iron-clad, the total cost of all being
S1106S5 The Nineteenth ward led with six,
followed by the Twenty-third with five.
The number of permits issued the previous
week was "a representing Al buildings at a
cost estimated at s5S5O5. The total number of
permits issued this year to date is l. 566, repre-
senting 265S buildings. Yesterdays list fol-
Jacob Ruch, brick addition one.story store,
2lx75 feet, on Fifth avenue, Sixth ward; cost,
Sl,5UU.
William Holmes. brick two-story mansard
dwelling, 2Ox24 feet. on Tustin street, Sixth
ward. Cost. si.sOO.
Ephraim Love, frame two-story dwelling,
22xS2 feet, on Gray street, Thirty-second ward.
Cost, 81, 800.
E. 9. A. Buch. brick four-story business
house. 20x54 feet inches, on Fourth avenue,
First ward. Cost. $4,000. -
DonneIl & Werner, four frame one-story wash
houses, l3xS0 feet each, on rear Penn avenue,
Nineteenth ward. Cost, $3.50 each.
Joseph Pokrywka, frame two-story attic
dwelling, 17x36 feet, on Bedford street, Twenty
seventh ward. Cost, 81, 400.
John +. Genge brick two-story dwelling. Tx
Cost, s2635
Mrs. Maria Sullivan. frame addition. one-
story dwelling, 3ex30 feet, on Bangor street,
Thirty-second ward. Cost, ST. 600.
William Mars, frame one-story dwelling, 2lx
Is feet on Gust street, Twenty-third ward
Cost $500.
Movements in Real Estate.
NJ. f. Nipple & Co. sold to A. Baculopa for
James Rogers, for price approximating sl0-
000, the new ten-room brick dwelling and store
room, with lot 3Oxl20 feet, on the northeast
corner of Station and Flavel streets, Twenty
first ward.
Reed B. Coyle 4 Co. sold through Baxter,
Thompson 4 Co. to John A. Graver, 182 feet on
Trent street, Eleventh ward, by ll5 feet in
depth to Wooster street, for 81, 500
C. T. Beeckman sold to William ]. McClurg
three-story brick dwelling on Niagara street,
Oakland, for S6 600; also. for the same buyer, q
r,ia nf ~ in, a1rr hing OR 80