Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-16
TO AVOID MISTAKES.
Buyers of Building Sites Should Look
to Surroundings and
ESPECIALLY TO POSSIBILITIES.
Local Securities Let Go, While Petroleum
Continues to Climb.
THE NEWS AND GOSSIP OF THE CITY

A large number Of people who are in
quest of lots on which to establish homes.
and especially those of moderate means, are
too apt to think that a lot is lot. NO matter
what its size or location, whether it be
20x100 and located several miles out, and
on or off railroad, or whether it be 50x150,
situated in acharming neighborhood and within
Is or 20 minutes ride of the city
There is q difference, and it should always be
taken into consideration in purchasing site
for home In the one case enhancement will
be slow and uncertain, because improvement
will be slow. This means deprivation of many
comforts and conveniences, such as churches,
schools stores. good walks, ETC., which tend TO
make life easier. Besides, there is the diff
Guilty of getting to and from such a place,
which is a constant annoyance In the other
case, where 4 home is established in pro-
gressive and convenient neighborhood, easily
accessible and susceptible of improvement at a
small expenditure Of money, needed comforts
and conveniences will soon be forthcoming.
These remarks are not intended to discrimi-
nate against any particular locality about Pitts
burg for at the present rate of improvement all
of them will soon be sufficiently developed to
make them attractive and desirable for resi-
dence purposes, but to call the attention of the
thoughtless careless to the fact that in select
ing site for home they should look to its
surroundings and possibilities. and make their
choice where they will get the most comfort for
the least money. People who buy for the pres
ent, and without regard to the future, fire.
quently make mistake.
Business News and Gossip.
There is said to be considerable quiet buying
Of Pirtsburg Traction stock in anticipation of q
legal victory over the Duquesne.
A prominent capitalist said yesterday that he
looked for a reaction in the value of real estate
of not less than Is per cent within the next two
years. Asked If he would sell his property at
present prices he said no.. thus showing that he
had no faith in his pessimistic theory, and was
bear for revenue only. There is no more sign
of collapse in realty than there is of the city
being carried away by tidal wave.
There was q sale yesterday of 80 shares Of
Pittsburg Allegheny and Manchester Railway
stock at 3O1.
w. c. Stewart-A fve-line item in the finan.
cial department of THE DISPATCH this morn
ing was the means of my selling two lots in the
McCombs' Grove plan.
A stock broker said yesterday IL have
changed my mind about selling our building I
am in favor Of H. Business Is 30 dull that there
is no longer a living in 1t for more than half
uohen HeHs AHe BullulnE WOulu sell IOr onOuHn
money to build q row Of 100 houses. which
would yield far better return for the invest.
ment than we are receiving"
Black a Baird sold yesterday downtown
business ff6petty-presumabiy on Penn ave.
hue-fef $4,000
National banks have been authorised ~ Mon.
mouth, Ill, AhinelRhdef, Wis. and LadeBis,
Ts1,
7. W. PsaFsAil-The stock market, in my
afaat.. ~
journey. Railroad earnings are large enough
70 make things boom,
A gentleman from the upper oil fields of
Pennsylvania was in the city yesterday and
said that in his opinion Pittsburg will soon be-
come the center Of operations, drawing bust
ness from West Virginia and other fields,
West Virginia oil lands are being rapidly
leased, and bonuses are being offered for terri
tory away ahead Of development,
Work on the piano and organ factory at Coal
Valley will begin early next week. The plant
will be operated by skilled labor from Phila.
delphia and New York.
Movements In Real EsIate.
There was good inquiry for real estate yes
terday, especially for moderate priced build
ing lots, but for large properties the market |
was quiet. Several important transactions |
were being closed up. The Twenty-seoond and |
Twenty third wards continue to be the centers |
of interest The following business was re. |
ported;
Charles Somers & Co. sold for James A. Tay |
to NJ p. and E. NJ. Lang o residence property at |
Avalon station. Pittsburg, Fort Wayne and |
Chicago Railroad. n two-story frame Of seven |
rooms, with lot 75xl25, situate on Forest ave.
nue., for sa.650
Samuel W. Black q Co. sold lot 75x26s with |
An eight-room frame dwelling, on the east side \
OF Farragut street. Nineteenth ward, city, for
Sc, ,o00
Reed B. Coyle d Co. sold through Dixon d
Co. TO Miss Catharine Hines for c. Auday, No.
50 Clark street, being a six-roomed brick dwell.
ing, with lot lT5lx4S feet. for $500 cash.
James L. Orr sold lot on Boquet street, Oak
land, 25 feet front by l40 feet in depth, for
Harry Waller to James Austin, for $780, He
also placed mortgage in Allegheny for 81 ,25O.
Sloan & Co. sold for George 8. Martin & Co.
In Lexington square, Lexington avenue.
Twenty-frst ward, lots Nos. so and 81. being
S3xllsx6l feet, corner Agnew avenue and Rails.
ton street. for $780, Sarah E. Simpson was the
purchaser.
j. z. Glass sold for A. c. watkiu. lot No. 40
In the Watkins Place plan Of lots at wilmerd.
Ing. for 5000.
Hamnett q Meredith sold lot 100, plan No. 2.
wilkins estate, Williamsburg, to Frank X. Glib.
son for 5000