Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-17
GOOD OUT OF EVIL.
The Liberty Street Fire Likely to
Benefit That ThOroughfare.
PROPERTY OWNERS WAKING UP.
The Real Estate Business Active by Com
parison With Former Years.
A NEW WAY TO SETTLE AN ACCOUNT

1t is an old saying that it's an i'll wind
that blows nobody good. The outcome of
the Liberty street fire may be highly advan-
tageous to that thoroughfare. The rebuild
ing or remodeling OF all the old-time build
ings in that quarter of the CITY is only
question of time. Business is increasing at
such q rate that better accommodations and
facilities for its transaction are imperatively
demanded. The buildings destroyed by the
fire will be replaced by others Of modern de-
sign, and this, it is believed, will stimulate
other owners to improve their proper
ties. In fact, several owners have already
expressed themselves to this effect.
The great fire at Chicago turned out to be
the best thing for that city that could have
happened, and it is permissible to say that
it is highly probable the same favorable re-
suit may proceed from the Liberty street con-
hagration, which at the time seemed to have
no redeeming quality.
Only Taking in Sail.
There is nothing remarkable in the fact that
real estate shows u lack of the aggressive force
and energy which characterized 1t during the
spring and fall months. This is the season of
the year for taking in sail in all lines of trade
preparatory to the annual reckoning, and real
estate is no exception. But it should not be
argued from this that it is fat on its back.
Sales reported from day to day dlsprove this.
The fact is that the market in comparison with
former years at the same season is decidedly
active.
The lull, if such it may be called, which has
settled down upon the real estate market, is
not due to want of confidence or diminished
demand, but to causes which have affected, In
interest.
of brief continuance. Real estate Is so deeply
roored in public necessity that 1t will always
maintain high position among the other great
interests of Pittsburg.
A Collector Bluffed.
An incident occurred few days ago which
was a novelty in business matters. A merchant
who had closed up without liquidating for
goods purchased during his days of good credit
was stopped on the street by the salesman OF
the house from whom he purchased, and a re-
quest made to settle. He stated he could not
"Well. why don't you say you never will pay itf
That is what you meanp' exclaimed the COL
lecror, in a loud and angry tone. The debtor
colored, and his fingers worked nervousy.
Look here,' he said; you sold me those goods
and your house should have their pay, and ac-
knowledge you have some personal grievance as
salesman, and while have not the money.
can at least satisfy your personal trouble. You
size up pretty well physically and so do I; sup
pose We step down to the river and take it out
there" This was a new way of liQuidating. The
salesman declped with thanks, and LETT the
debtor master of the situation.
Business News and Gossip.
A wholesale jewelry firm is looking for a To-
cation on Fifth avenue and according to report,
will pay the top price for the right kind of
property.
The sale by w. A. Heron Sons of 81 houses
in Oakland within short time shows that that
part of the city is growing very fast.
Nearly all the local architects are busy on
plans for improvements next year. Among
others projected are an apartment house on
Colwen street and a hotel at Wilmerding
Ten of 80 mortgages the Recorders file
yesterday were for purchase money. The most
important was for $4,000. Each of 10 was for
less than $1,000.
All of the stock of the CHARTERS Electric
Light Company has been sold at par. and the
building for the plant is being pushed as fast as
possible. 1t is the purpose of the company to
supply electricity to CHARTERS, Mansfield, Graf
ton, lakewood and Ingram.
MIR. &. Beringer is IN Cincinnati closing
90 OOO-acre deal in mineral land i'll southwestern
Kentucky.
The Wallace failure at Clearfeld gave rise
| to some talk among local financiers. but being
| local. no one expressed the least fear that it
| would have any bearing on the general business
| situation.
| Local jeasousy, it is said, has defeated the
project Tor consolidating CHARTERS and Mans
| field bOrougbs.
Several business firms who will have to
| change quarters in April arelooking for stands
on Wood street with poor prospect of securing
| them.
Mr.. John K. Ewing having cut loose from
| partnership environments, will hereafter handle
| real estate on his own hook. His knowledge of
| the business and extensive ACQUAINTANCE should
| insure him a fair measure of success.
l
| The Building Record.
Only three permits were wanted yesterday
all for houses of moderate size and cost. They
| follow:
F. w. Loesch. frame one-story barber shop.
lSx2O feet on Park avenue. Twenty-first ward.
Cost, sl25.
Charles F. MARYLAND, two brick two-story
and mansard dwellings, 27x32 feet EACH on
| Dithridge street. Fourteenth ward. Cost S. 900
| each.
| w. F. Sunderland. brick two-story and man.
| sard dwelling, 1Sx34 ieet, on Vine street,
Eleventh ward. Cost, $1,000.
| Movements in Real Estate.
Allies & Bailey sold for John H. etker to j.
| c. Allies. Nos. 5I7 and $40 Wylie avenue, lot
1Ox76 to an alley, with three brick dwellings,,