Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-05
TWO MORE DICKERS.
Properties Change Hands, Involving
Fifty Thousand Dollars.
RAPID TRANSIT MAKING HEADWAY
Terse Opinions Of Experts in Regard to the
: Outlook for Real Estate.
THE NEWS AND GOSSIP OF THE TOWN

Two real estate deals, involving over $50,
600, were concluded yesterday. One o.
them was put through by Black & Baird
and consisted of a unique stone house, with
lot about 30ox350, on Linden avenue, above
Penn, Twenty-second ward. The price wa,
S26, 600, a well-known attorney being the
purchaser. The district in which this prop
erty is situated is receiving large share Of
the attention of investors, chiefly on account
Of the certainty Of rapid transit in short
time. The DUO uesne Traction Company i:
vigorously pushing its work. Tracks have
been laid from Williamsburg to Point Breeze
Charch, and large force of laborers is pushing
tho line cityward. 1t is thought the road will
be in running order by the middle of August
The other transaction was conducted by
Samuel w. Black & Co., the property being the
residence and grounds of William Stanton
Esq, situated in Sewickley, near Quaker Val
ley station, consisting of large frame dwelling
and about four and one-half acres Of land
which went at figure approIimatIng $4,000
This is the most important movement IN Sc
wickley real estate that has occurred for a
long time and furnishes additional evidence OF
revival of interest in that locality, which is
second to none in natural attractions
|
Experts on the Outlook.
There seems to be no ground for thinking. as
| some do. that the real estate market will be
| fiat on its back this summer. While there
will probably be no specisl exaltation in
| feeling or business, there are no influences at
work of sufficient weight to cause depression
other than that incident to the season.
1t would be unreasonable TO predict reac-
ton with almost unlimited capital seeking in
nd rft business
expanding at a rate to draw the attention of the
whole country. This view Is borne out by sew.
| eral of the most prominent brokers in the city,
who were briefly interviewed yesterday for the
benefit of readers of THE DISPATCH,
David P. Black, of Black & Baird. said; 1--WE
are about as busy as at any previous time this
season. So far as can judge the market is in
fine condition. / think business will be good
through the summer. There are no symptoms
of stagnation. Property is too good an invest
ment to 90 begging. The rapid growth OF
the CITY is suffi cient to maintain both demand
and prices With this backing, can see no
possibility for any material decline in busi-
ness"
H. Love remarked: II think those who
are talking about a dull market this summer
will find themselves mistaken. The inquiry is
almost up to the best time of the year, and
prices are hardening in several localities.
look for a good trade all summer"
A member of the firm of Baxter. Thompson
& Co. had this to say: "The market is in excel
lent shape, and promises to be active all sea-
son. There is, perhaps as much money seek
ing investment in real estate as at any other
time this year. know of nothing to cause
halt in the movement In fact, cannot see
how this can be until the city stops growing"
Samuel W. Black observed: THE talk about
depression in real estate Is all bosh. The i'm
provement has been so gradual and conserva-
tive that there are no weak points in the situ-
alton. Business may fall off a little during the
hot season, but not enough to scare anybody.
There is no cause for alarm"
G. Beringer & Son: We look for a good,
steady trade all summer. All signs point that
way.
Business News and Gossip.
Negley avenue is improving at a rate to make
other thoroughfares hustle to keep up with it.
Henry A. Weaver & Co., report the following
mortgages: 5000, three years, at per cent. on
property at Ingram; Sc, 900, three years at per
cent on Penn avenue property; $4,000 at ~
per cent, five years. on Water street property.
Lots on Nunnery Hill are selling as low as
$780, This offers good opportunity for peo-
pie of small means to secure homes
OfN mortgages placed on record yesterday
the largest was for $50, $50. Thirteen were for
purchase money.
John D. Bailey sold at auction yesterday $50
shares of Hazelwood Oil at so per share and 20
shares Third National Bank at lSC.. Two hun
dred and fifteen shares of Suspension Bridge
started at 80, advanced gradually and closed at
96%. 10 shares being taken and the rest with
drawn Mr.. Bailey offered the remainder, 205
shares at 100. and could have sold them at 97.
These figures differ very little from exchange
quotations.
The annual meeting of the stockholders of
the Pine Run Natural Gas Company will be
held at the offices of the company Wednesday.
June 25 at P. M.
The Tradesmen's National Bank was besieged
yesterday by old soldiers to receive their
quarterly pensions Some of them had walked
several miles through the heat, having no
money to pay for ride.
Railroad earnings: Wheeling and Lake Erie
fourth week May, increase fS.l02. Salt Lake
and Texas ourth week May. increase S31. .553.
Chicago and Eastern Illinois fourth week May,
increase SIS, 400 Missouri Pacific third week
Nav, passenger earnings increased $1,000.
Canadian Pacific fourth week May, increase
s56. 900. Iowa Central fourth week May, in.
crease $S.S74; month increase. s17.S25. St. Paul
fourth week May, decrease S25,22 month of
May increase, s7O,2s3.
1t was 5taVeu 1oSJtIu6y budt DlOCk Oh
Monongahela Water Company stock had
changed hands at about the market There is
q great effort to keep office sales from the pub
lie the reason for which is not apparent-and
it doesn't look well.
Movements In Real Estnte.
In additions to the transactions in real estate
mentioned above. the following were reported:
&C. Beringer q Son sold for ]. Edward Ches-
lev to P. Schauerhammer brick dwelling, No.
81 Roberts street. for S2750 cash; also for Will
lam Williams to Robert Fitzgerald, frame
dwelling on Duff street, for $500.
Allies & Bailey sold to Alfred b. Jeremy, two
lots on Wadsworth street, between Fifth and
Center avenues. Thirteenth ward size 20 feet
nv ll5 each, Nos. 70 and So for S325 each, on
monthly payments of only &c.
Baxter, Thompson & Co. sold for H. s. A.
Stewart Esq, to Charles c. Hughes, of Hughes
& Gawthrop, one of those new two-story man.
sard pressed brick residences, situate on Neg
lev avenue, above Stanton avenue, East End,
for $500.
w. A. Heron & Sons sold lot No. 40 in Nun
merry Hill plan of lots, 2OxS7 feet, on River View
avenue. for $500.
Black d Baird sold through Baxter, Thomp-
son & Co., for II. s. A. Stewart. to c. C. Hughes,
a new brick residence on Negley avenue, East
End. for So 500; also, to Mr.. Evan B. Gawthrop
lO-roomed brick on Stanton avenue. with lot
1oxl37 feet. for $500: also. sold to Morgan
Davis lots Nos. q and "a In r. ]. Hardie's plan