Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-04
TRADE AND TRADES.
Facts and Figures Showing an Active
Movement Along the Line.
EVERYBODY In GOOD SPIRITS.
Real Estate Men Make Reports Showing
They Are Doing Something.
TIE FLIGHT FROM CITY TO COUNTRY


reference to the Clearing House report, tn
weeks exchanges showing loss of 81 ,697,
600 in round numbers as compared witt
those of the previous week, which were th
largest in the history of the city. While i
Is well enough to aim high, occasiona
failure to reach the mark should occasion NJ
surprise. As it was. business was of sufficien
volume to demonstrate that Pittsburg is no
| given over to idleness.
To parricularize: Real estate was lifted ou
OF the rut and sent spinning along the groove
OF activity. Every broker in the city spoken to
on the subject reported a distinct improvement
IN the inquiry for all descriptions of property,
as well as in the number of sales. Transactions
in local securities outnumDered those of the
previous week and prices were generally higher.
Petroleum developed more strength with a
larger outside support. affording reasonable
hope of a permanent revival. Money was in
sufficient supply for business purposes and
loaned at per cent to regular customers.
Few Good Deals.
Real estate men had nothing to complain of
during the week. The inquiry was good and a
fair amount Of business was transacted The
most important deal made public yesterday was
by 8. j. Fleming & Co., who sold for William
Tate, Esq, two three-story brick houses of IA
rooms each, with lot 40xS4 feet. The purchaser
was Samuel W. Black, the well. known broker.
He paid Sc, 900 for the property.
The auction sale of lots at Linden station by
Black q Baird yesterday was slimly attended
on account of threatening weather. One lot
was sold and the sale adjourned until next Sat-
urday.
Messrs. Anderson & Beekman closed up deal
at Wilmerding involving about $50 900. They're
port things on the jump out there. Citizens
are beginning to talk of organizing q borough.
A Liberty street merchant has just closed
transaction in real estate in Chicago, by which
which he cleared $4,000.
Business News and Gossip.
The largest mortgage placed on record yes
terday was for $4,000. There were 80 others,
varying in amount from SIG, 500 to $500.
The Turtle Creek Valley Electric Light Com
pany has commenced the erection of large
central tower. The plant will soon be in work
ing order.
Groveland, q new suburb of Beaver, is build
up very fast and promises soon to become
highly creditable feature of the famous old
town. Good lots are selling at from $500 to
$780, Many buildings and other improvements
are under way.
Sales of local securities on call last week
were ], 48i shares, against 9SS the previous week.
Thomas b. MCGOWAN, the liberty street mer-
chant, bought piece of property in Homestead
10 years ago for $500 and wasn't anxious for it
at that figure. Yesterday he sold it for 81, $50
cash.
Negotiations for placing the stock of the San
Carlos Silver Mine are progressing satisfac-
torily.
Straub d Morris have placed mortgages
amounting to $4,000 on city property in the last
few days.
Property owners in the Second ward, ALE
gheny, have such exalted views of values
that they have driven nearly all the buyers out
OF the market Imitation always works that
way.
The treasurer of the Pittsburg and Castle
Shannon Railroad Company desires the holder
OF bond No. 2l4 for 500 to present the same
for redemption.
The West End Savings Bank has declared q
semi-annual dividend of 3 per cent.
Norman May, los Fourth avenue, has placed
mortgages on city properties to the amount Of
slS,OOO for three years at per cent.
-Four hundred books of deposit In the Law.
renee Bank are still out. This is delaying a
settlement.
Room In the Country.
The business area of Pittsburg proper is being |
-
nands Of trade. This is driving residents to |
The country, where many of them are establish |
ng homes. Some fear has been expressed that |
his movement would make residence sites |
scarce and dear. Itmay have that effect in some |
ocalities, but not generally. On all sides of the
;ity, within convenient distance and accessible |
'y steam and street cars, are large bodies of |
land, which are being put on the
market as fast as justified by the demand. and
It prices within the reach of ANYBODY and
There is no danger, therefore. that
he rush from the city will cause a famine in
'uilding lots, or deprive any one 80 inclined
# the privilege of living under his own vine
nd fig tree.
Movements in Renl Estnte
In addition to the transactions noted above
he following were reported:
Samuel w. Black & Co., 90 Fourth avenue
old to ]. L. Davidson and w. L. Boylston, a ten |
DOM brick dwelling, with lot S3lxlUO feet. on
be north side of Terrace avenue, near Darrah
treet Fourteenth ward, city, for Sla,5OO
Samuel ]. Fleming q Co., l52 Fifth avenue |
old two lots 25x92 feet on Bellefield avenue
{ 81 500 each. These lots sold about six weeks
60 for s., 900 each. They also sold in coppec-
ion with w. M. Hager Co., lots Nos. 7 and
4, Aspinwall plan, at s., 400 and $1,000. and
idceu loahs Vi foV anu Si,"Oo ou CITY property
t per cent.
Baxter. Thompson & Co.. l62 Fourth avenue
old lot on Atlantic avenue, near Harriet
treel Twentieth ward, size 100xIS7, to w. /
renter for price approximaRng 5000 cash.
Black d Baird 90 Fourth avenue, sold for r.
!. Tressel new Queen Anne dwelling of eight
ooms, all conveniences, with lot 44xl6l. ON |
street, Shadyside, for 5000
Kelly Rogers, No. 63l5 Station street East
md, sold for John BelghleY to c. H. Lieby a ,
x-room house and two lots on Mayfower
.reet, Twenty-frst ward, for $500; also sold
DR. Annie NJ. Weaver q nine-room house and
vt 75xl20, corner Dennison and Marchand ave-
ue, to P. Byrne for 81, 500; also sold for d. ].
-ennedy to A NJ. Weaver, 3 seyen-room house
nd lot 3Oxl25 on Collins avenue, for S. 100; also
Did a lot OH Inwood street, Twenty-frst war
, Bennett q Stitely, 25xl55, for $3.50; also sold
We more lots on Breeds Hill street, in the ]. !
Dick plan, to Charles King for 81 500. I
Charles Somers & Co., 3l3 Wood street. sold
,r ]. H. Hardman to William Hauck a resi-
ence property, being 3l3 CHARTERS street. AL
gheny, two-story and attic brick of six
,oms, hall, ETC., with lot 2lx97 to an alley for
/ 400; also sold lot No. Z, in Fairmount plan
onting "a feet on Paramount avenue and in | ,
epth I76 feet and No. IL in same plan, front
& rs feet on Fairmount avenue and in depth
bout lo7 feet, for James II. Aiken to a promi-
snt Wood street business man for 81, 700; also q
I'D lot No. II, in Benton place, Eleventh ward S
llegheny. fronting "a feet on Benton avenue c
Id in depth Ito feet to an alley, to John Nine T
# $500 cash. v
L. o. Frazier, corner Forty-ffth and Butler Il
reefs, sold for Patrick McCabe lot having L
ontage of 20 feet on the south side of Butler 7
rect, near Fifty-second street, Eighteenth
ard, and extending back l2S feet to Dresden v
ley, to Adam Heyl for s., 200 cash. The pur- b
aser will improve the same with fine brick :
lsiness building. 4