Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-23


possessed of one of the most valuable business
sites in the lower part of the city. They bought
from the j. Z. Rihher estate the property on the
corner of First and Ferry streets, lot 6Oxl6O,
with several old buildings, for $4,000. 1t Is
their intention to tear these down when the
lease expires ne1gt April and erect in their
stead five or six.story business block. to COM
Dine all modern c9nveniences.
This property is among the best known in the
city. 1t is a landmark. The principal building
has been used as hotel for many years, and
was popular resort for rivermen in the old
steamboating days. 1t was here that "Oyster
Paddy" achieved considerable prominence
few years ago. This deal, it is thought, Will
give realty in that part of the city forward
impulse and lead to other needed improve
ments.
A Williamsburg Deal.
Property in Williamsburg is looking up. W.
E. Hamnett sold yesterday lot 22xll0, on the
northeast corner of Penn avenue and Wood
street. for James Horner for $3.50. or Sl65
foot front This is the highest price ever real
lied for property in the borough, and shows
the high estimation in which it is held by ID
vestors The purchaser, Mr.. A. Patton, a
prominent Crawford county merchant, Will
erect fine business house on the lot at once.
ALVEY Place.
A very few years ago Walls station was ore
of the dullest places around Pittsburg. Now
it is one of the Eiveliest. Its growth almost
parallels that of Jonah's gourd. Baxter,
Thompson & Co, and Gay & Bair, of Green's
burg, have sold l75 lots at Walls since October
10. Contracts have been let for q dwellings,
all by purchasers of lots, and plans are under
way for II more. All of these houses are to be
completed early next spring. 1t is probable
that nearly all OF the lots sold will be built on
next year. Several business houses are talked
of.
Twenty-iyeven New Homes.
A gentleman connected with one of the lead
ing Wholesale drygoods stores proposes to do
his duty in the matter of building houses. He
has purchased from c. T. Beeckman q lots in
the Park View plan, Fourteenth ward, at
price approximating $4,000 and will erect a
dwelling on each of them. They will be small,
but neat and comfortable, and will be rented at
a reasonable figure.
Ibis is a step IN the right direction. The
best way to keep panics away from Pittsburg is
to give business and population chance to ex-
pand. Twenty-seven houses stand for q
homes. If everyone who is able would follow
the example OF the gentleman In question the
supply of houses would soon bear a respectable
relation to the demand.
Confidence in Real Estate.
Here is encouragement for sellers and buy
ers of real estate. 1t shows that there is more
going on than some people think. In an inter-
view yesterday Mr.. w. C. Stewart said: Il have
had many inquiries lately for large bodies of
coal land. Several persons who have for year
or so been heavy investors in stocks and bonds
have within day or two asked me to keep my
eye open for good real estate investments, as
they intended to change from stocks and bonds
to lands and houses"
Ignorant of the Panic.
"What do you think of the panic7" was the
question put to a leading business man yester-
day.
HAS there been panic?" queried he, in af-
fected surprise.
"Yes"
ibid it hurt anybody"
"Yes. There were few failures"
"And SO there was panic, and didn't know
it. Well. declare am glad you told me, or
might not have known of it. You see L attend
so closely to my business that have no time to
attend to such things. A panic and I didn't
know it. How strange"
While this is in pleasant vein and should be
read between the lines, it serves to show the
importance of sticking closely to ones bus-
ness.
Business News and Gossip.
The best way to head off a panic is to tackle
1t in advance, and this is being very generally
done.
DR.. Blumeberg is excavating for four or five
nice brick dwellings on Thirty-third street and
Madison avenue, near the Central Traction car
station Thirteenth ward.
All the news from the East yesterday was of
an encouraging character. Wall street finds
that it can get along without special Govern
ment aid. This is distinct gain to the country.
Ten of 81 mortgages on file yesterday were for
purchase money. Tie largest was for 6000
The promptness with which mortgages are
being satisfied shows that money is well dis
tributed among the people.
Baxter Thompson & Co.-Ground will be
broken in a very short time for 20 two-story
brick dwellings on Trenton and Wooster streets,
Eleventh ward.
Kuhn Bros. bought 10 shares of Luster Min
ing Company stock at 231S.
Negotiations are pending for 40 feet on Second
avenue, above Smithdeld street, at something
over $4,000.
Some quiet real estate deals are being made
IN McKeesport by which valuable properties
adjoining the w. Devices Wood plant are pass
ing into the hands of well-known brokers. The
property, it is reliably stated, is intended for
the Woods Company.
People at the Point feel easier since learning
that they are not TO be summarily evicted.
Mr.. Helman, an iron broker, has purchased a
fine residence on Margaretta street, Nineteenth
ward, for Sl2, 800 He will move into it In the
spring.
The Building Record.