Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-14
A PRESSING WANT.
The Demand for Business Houses Al
ready Ahead of the Supply.
AN AVALANCHE OF CORPORATIONS.
The Condition Of Real Estate Satisfactory to
Those Handling 1t.
ALLEGHENY CITY HOLDING UP HER END

According to nearly all the real estate
agents, men of means are missing good
thing by not putting up more business
houses. They say there is surfeit Of Office
buildings just now. There are more of them
than the demand requires, but the supply Of
business and warehouses of the proper kind
is by far too small to go round. The expan-
sion Of business next spring is likely to be
restricted by inability to afford it accommo-
dation. This is respectfully submitted to
Pittsburg capitalists.
-
George I. Whitney takes rosy view of
the business outlook, and particularly as
regards the speculative interest. He re-
marked yesterday: 81 am we'll pleased
with the way business looks, and think We
will have good year. The Government
continues to augment the circulating me-
dium by issuing silver certificates, and so
long as this is kept up there will be little dam
ger of tight money. With money plenty, busi-
ness cannot be otherwise than brisk"
In referring to local corporations, Mr.. Whit
ney said there had been more of them char
tered in the last three years than in the whole
previous history OF Pittsburg. and many more
were talked of. A good many of them, he
thought, would fail to crystalline, and good
many more would be unprof table to the stock
holders.
Real estate agents and dealers are greatly en-
couraged over the prospect OF heavy business
when the season fairly opens. Business is al
ready picking up, but it will not be in full
swing until the weather settles and the roads
improve. The inquiry extends to nearly every
description of property but business and resi-
dence sites are in most demand. For the for
mer it is thought there will be slight harden
ing OF values, but no particular change in the
latter.
A prominent agent remarked: zone good
feature of the market, indicating solidity and
permanency, is the comparatively smalla lamount
of ground bought for speculation. The bulk Of
it is purchased for improvement"
Allegheny is manfully holding her own in the
march of improvement that is sweeping over
this favored part of the country. The improve
ment of the hill wards last year was equal to
anything in the East End, or any other district
around the city, and the promise is for still
greater strides this year. Other parts of the
city made almost as good record. Our enter
prising neighbor is expanding.
in a trial showed that a landlord leased to
tenant the first floor of a building, retaining
the cellar himself, where he carried on bust
ness requiring considerable heat, but not
enough, however, to affect the health or COM
fort OF the occupants of the floor above. 1t
did, however, dry out the brown paper which
the plaintiff carried in stock in his business,
thus injuriously affecting it.
When the place was leased there was no men
tion made of the kind of paper to be stored. It
did not appear that other paper than the brown
was ipjuriousIy affected. 1t was held that
there was no nuisance or interruption of quiet
enjoyment on the part Of the defendant
The building which Mr. Pulitzer is erecting
in New York viii be one of the sights of the
city 1t will contain $50 offices in addition to
the rooms which are to be used in getting out
the World newspaper. The lot is 1l3 feet on
Park Row and runs tTihe over 136 feet down
Frankfort street, and cost S8S0,0Oo The build
ing will cost 81 $500 bringing the total invest
ment up to s., ,SSO, 600