Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-08
NO STEPS BACKWARD.
The Visible Symbols of Pittsburg's
Remarkable Prosperity.
EVERYTHING ON A SOUND BASIS.
A Better Movement in Local Stocks, but Oil
Entirely Neglected.
THE NEWS AND GOSSIP OF THE CITY

THE NEWS AND GOSSIP OF THE CITY
Notwithstanding the great, and to some
extent inexcusable drawback OF bad roads,
| Improvements in the outskirts are making
rapid progress. Houses are being erected
and grounds put in apple-pie order in every
district at a rate of speed which a few years
ago would have been regarded as marvellous.
Personal observation will bear out the truth of
this assertion.
The amount of building in the suburbs is
even greater than in the city proper. Piles of
lumber, brick and other material which enters
into the composition of houses are leading
features of thescape. Syndicates and individ-
uals are operating in all directions. So great
is the rush to complete contracts before cold
weather sets in that almost any kind of work
man is in demand at the highest pay-and this,
too, without meeting the demand. Houses are
in many instances sold before completion. All
are sold or leased as soon as ready for occu-
pancy.
What does all this rush and hustle signify?
There is sense as well as wit in the saying that
nothing succeeds like success. Prosperity,
such as Pittsburg is enjoying by reason of her
many advantages over other centers of trade,
must have an escape valve for the RAPIDLY az
cumulating wealth of her citizens of all classes
and occupations. To lock it up would be as
criminal as it was in the case of the unfaithful
servant who buried his talents. Hence manu-
facturers merchants. artisans and even day
laborers, having confidence in the future of the
city. and desiring to make it their permanent
home, invest portion, or all, of their surplus
funds in lands or houses. either in the city or
suburbs. This is not the way booms are co
Quoted. 1t is not speculation which is of
microscopic dimensions in this community. 1t
is simply legitimate investment for legiti-
mate purpose-to establish homes and so be
able to look fortune in the face. whether it be
propitious or adverse. Every lot that is pur-
chased for improvement and every house that
is built is equivalent TO a bond of insurance
against financial disaster.
The many and various improvements in prog
ress in all parts of the city and outskirts are
the visible symbols of substantial prosperity.
Viewed from any point of vantage the business
situation is encouraging. There is everything
to inspire hope and courage and nothing to
alarm. Pittsburg is all right-and are her
people, especially those who are buying or
building homes. and thus laying the founda-
tion for future comfort or independence.
Business News and Gossip.
Only two building permits were taken out
yesterday-one by Mrs. Margaret Grant for
frame two-story dwelling l7x32 feet on Second
avenue, Fourteenth ward to cost $780, and the
othe- by James Aiken for frame two-story
dwelling. l6xlS feet on the Gray West plan
of lots. Twenty-seventh ward, to cost S400
The Faraday Carbon Company of I'ittsburg,
will remove their plant to Jeanette, where
they have been given land and gas as an in
ducement to locate. Surveys have been COM
Dleted. and ground will be broken for the build
ipgs in short time.
Business is picking up in Greensburg. where
number of dwellings are under way. A
frontage of 5S feet on Main street recently sold
for $40 00O0-the highest price ever realized for
property in the borough.
Progress was reported yesterday in number
of important real estate deals which have been
hung up for some time. owing to differences
between sellers and buyers. They will mate
rialize before long.
gentleman just from Chicago remarked
Yesterday: Building is going in Chicago
at the rate of IS houses for every "a hours"
About dozen Pittsburgers, most of whom
do business on Fourth avenue and Wood street,
invested in real estate in Norfolk Va about a
year ago. One of them said yesterday it had
trebled in value. The squirt is due to the
locating of several important railroads and
at Norfolk.
Sixteen of "a mortgages received by the Re-
corder yesterday were for purchase mOnev.
The largest was for $4,000, placed by the Ben
nett Water Company with the Fidelity Title
and Trust Company.
The only feature of the trading in Wall street |
was the covering of the shorts. |
Prices in nearly all instances closed lower than
he best Of the day. London was higher.
Movements in Real Estate. |
S. A. Dickie & Co. sold for R. w Bayley to |
n. I. Hanna house and lot on Emerson
street, Twentieth ward, lot 32xlS4 feet for
;6, 600.
James w. Drape & Co. closed the sale of a |
piece of property in CHARTERS borough, for |
nerly OF the Borland estate, at about S. 900 an |
acre.
Black & Baird sold for w. ]. Meek. ESQ, of |
Chicago, to DR.. F. G.. Fricke. property at |
Pittsburg Fort WAYNE and Chi !
,ago Railroad, situate on Chesnut street, con- |
aiming little over two acres, with twO-story
'rame dwelling and stable thereon. for 300 |
cash.
Reed B. Coyle & Co. sold for Samuel Watson
20 Miss Clara Crow, two lots in Watson place |
Dlan in the Tenth ward, Allegheny having a
frontage of 100 feet on the Perrysville road
by l50 feet in depth to Orleans street, for SIS OUO
E. d. Wiugenroth sold a lot 25xll0, on Poketo
avenue, extending back to Delaware allev in
his plan of Nadine Park, being lot No. 49, to
Samuel ]. Foster for $780,
Ewing ByerS sold for Reuben Miller. ESQ.
20 Albert +. Weigel, vacant lot on Broad
way, 25 feet front by 100 deep. being lot No. IL
n Reuben Miller's plan. for $500.
Allies & Bailey sold for w. FL. Messingham to
Mary Damens, No. l99 Colwell street, brick
louse of five roons. ETC., lot "a feet by 100 to a
.0-foot alley; price confidential.
W. A. Heron d Sons sold lot 100Xl05 feet
IN the northeast corner OF College avenue and
Arabela street, Twentieth ward, on which the
purchaser. a prominent architect, will erect two
Inc houses. They also sold in the Brown &
Oonnell plan, Nineteenth ward, lot 22xlOO
eet, on Penn, second door from Winebiddle
venue.
Samuel W. Black & Co. sold lot No. 4 block
q, on Brereton avenue, Denny estate plan of
OTIS, Thirteenth ward. size 25xl2O feet, for S625