Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-05
THEY ALL WANT IT.
Cold Facts Showing Remarkable Ac-
tivity in Real Estate.
COMPLETE STORY OF A BIG DEAL.
No Danger to This Generation of Famine
in Good Building Sites.
STATUS OF THE SUSPENSION BRIDGE

AS an illustration of the activity in real
estate, it may be stated that the College
place plan was put in the market last fall,
and since December l W. A. Heron &
Sons report the sale of the entire front on
Fifth avenue. being in, all 1871 feet. The
lots were all sold in large pieces through to
ArabelJa street, and the purchasers intend
building fine residences thereon in the near
future.
Mr.. o. NJ. Edwards purchased the ground
three years ago, being about five acres, and
now holds the Howe street front for sale in
lots, the Fifth avenue front having been dis
posed of.
The result of the negotiations between the
Pittsburg, Allegheny and Manchester Railway
Company and the Suspension Bridge Company
will probably be new structure. stockholder
of the former corporation said yesterday: i
think something definite will be done as soon as
the board just elected by tho bridge company
organizes and gets settled down to business.
My idea is that the present bridge will be de-
molished and an entirely new one built,
ut will be as nearly as possible a continual
tion of Sixth street. so as to accommodate the
railway and afford plenty of room for travel
There are great difficulties IN the way of SPAN
ming the river at any other convenient point,
and am confident it will not be attempted"
Some persons have expressed fear lest all the
land in and around Pittsburg shall be bought
up by capitalists and held at such prices as to
render it impossible for working people to ac-
quire homes In regard to this matter, prom
Inent real estate broker said yesterday: There
is no danger of such a result. Capitalists are
the smallest buyers. Atleast rs per cent of the
best feature of the market As to supply, it is
practically limitless. 1t will not be exhausted
by this generation, nor the next. There are
thousands upon thousands of unoccupled acres
on all sides of the city,
"These vast tracts are being made accessible
by rapid transit, and will ultimately be thickly
populated. Twenty years ago Shadyside and
Roup were regarded as rural districts. Now
they are about the center of population. Cable
and electric cars are reducing miles to minutes.
Many working people live seven or eight miles
from their places of business. but find no diff
Guilty in arriving on time. The same result will
attend the opening of new districts"
The Sl65 600 real estate deal, about which so
much has been said and so many guesses made,
was closed up yesterday by Black & Baird. all
the papers beipg passed in the following maD-
ner: The Caldwell property, As by S. on Fourth
avenue was sold by them through w. A. Her
ron & Sons for S9O000 The property in the
rear. on Third avenue, owned by John Hill. 20
by IS, was sold by Black & Baird for s24 500.
The Thompson property, on Third avenue. 40
by S. was sold by Black & Baird, through S. w.
Black & Co., for $50, ,00O-the three transactions
making total of Sl64, 500.
The purchasers are the same in each case.
being the Times Publishing Company, of which
MIR. c. L. Magee is the head. The company
will proceed at once to erect ten-story build
ing for their own ano general office purposes.
~<t
A counterfeit 81 United States Silver Ger
tifcate, act of August 4, 1885, Department
Series 1856 Check Letter &c" has made its ap-
pearance in the West The general appear
ance of the note is very bad. The Viguette OF
General Hancock is exceptionally poor, and
the background very scratchy. In the counter
in upper right-hand corner of face, containing
the figure ~" the geometric lathe-work is not
discernible while in the genuine it is very dis
tinct The check letter &C. next to the
vignette of Hancock, is very Indistinct, and it
is omitted altogether on the right end of the
note The small letters in border of face are
very indistinct.
On the back of the note lathe-work is SO
poor that cursory glance would at once en-
able one TO determine its false character; and
the words, Bureau Engraving and Printing"
in small panel, lower center OF back, can hard
ly be deciphered.
Pittsburg was incorporated as borough
April p 1884 A census taken six years later
showed population of 1,565. 1t became city
In 1916. The first Mayor was Ebenezer Denny,
who held Office from July g. 1916. to July %.
1917 At that time Councils elected the Mayor
from the Board of Aldermen. Mr.. Denny had
been army officer. His descendants are nu-
merous and prominent.
Taomas Liggett is having new offices built
for the accommodation of his real estate busi-
ness at No. Il Diamond street. where he intends
having quarters as handsome az any in the
city. Mr.. Liggett has been on Fourth avenue
for the past ten years. but is of the opinion
that Diamond street will be equally as good a
business place while much less expensive
Such has been the experience of Mr.. Riley. and
a number of other real estate men are thinking
seriously on the advisability of leaving Fourth
avenue. where the rents are booming, and
moving to Diamond street.