Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-12
A SOLID INTEREST.
Large Real Estate Deals Concluded
Without Defalcations.
NO BETTER PROOF OF PROSPERITY.
Speculation Pick ng Up and Values Show
ing an Advancing Tendency.
THE NEWS AND GOSSIP OF TIE CITY

SUBSTANTIAL basis and Is o safe investment,
II may be stated that In one district Of the
Eighteenth ward several hundred lots have
been sold by w. A. Heron g. Sons, and
others, within the past lew years at prices
ranging from $500 to 81, 800. Nearly all Of
these lots have been improved by the pur-
chasers, who were men Of limited means.
Except In two instances arising from sick
ness, every lot has been paid for according
TO the conditions Of sale. There were no
defaulters.
One OF the properties involved In these large
and successful deals belonged to tho Mowry
estate, and consisted Of 20 acres. Its owner
ship was contested by an Indian girl, VINO
claimed TO be the daughter OF one OF tho
Mowry brothers. The case was vigorously
prosecuted, and was the legal sensation OF the
time. 1t finally reached the Supreme Court OF
the United States, and was decided adversely
to the claimant. Three other tracts were In
cluded In the subdivision. One OF % acres was
owned by Bissell, one OF Is acres by wallace,
and one Of 25 acres by Duncan, making %
acres IN the aggregate.
The success attending these transactions Is
by no means exceptional. Several brokers,
among them Samuel w. Black d Co., recount
similar experiences In handling realty; and
they point to the infrequency OF defalcations
as conclusive proof of the healthy condition
OF tho market. Besides, no better evidence
could be adduced of the prosperity Of the city.
Business News and Gossip.
HARRISON & Walker advertised in The DIS
PATCH for a clerk, and the next day received
81 answers. They are still pouring in.
Progress was reported yesterday in long
pending deal for prominent bank corner. 1t
involves $4,000.
The CARROLL Porter Boiler and Tank Company
is working on large order from South Amer
lea for oil tank cars.
Pittsburg captured the contract for the new
bridge across the Kanawha river at Charles
ton. W. Va.
The largest mortgage on file tor record yes
terday was for Sl5.000 There were 35 in all, OF
which number seven were for purchase money.
II contemplated improvements are carried
out the southside will soon be in the midst OF
an architectural revolution so far as dwelling
houses are concerned. Quite rage for stylish
buildings has recently sprung up. and 1t is be-
ing encouraged by the business part of the
community.
Surveys are being made on Nunnery Hill for
an electric road just chartered The route Is
up Henderson, Willis and Osgood streets, and
it will tap the Perrysville road Real estate
owners are expecting good results from this
extension of rapid transit.
The Corporation Clerk at Harrisburg was ap-
preached recently by Pirtsburg gentleman for
information as to whether a certain district of
this city was included IN any of the charters for
street railways. He replied: 81 suppose it is,
as it is my impression that every thoroughfare
in Pittsburg has been taken up, excepting,
probably, few of the alleys"
Two good-sized real estate deals-one for sl7,-
000-were closed up yesterday, but the brokers
were not ready to report them. They are
mentioned to show that more is going on than
reaches the surface.
The Ben Franklin Insurance Company an
nounced semi-annual dividend of 8 per cent.
Railroad earnings: Pittsburg and Western,
first week In July, decrease s5276; Canadian
Pacific, first week July increase SIS, 900; Chi
cago and Atlantic, first week July, increase
sl.575; Toledo and Ohio Central, first week
July, increase 81, ,2l4.
In sending out notice of advance in freight
rates all Western roads instruc their agents to
maintain tariff rates. and v at any deviation
will be summarily dealt with.
Andrew Caster sold rs shares Westinghouse
Electric at 361S. John T. Patterson sold 80
shares Philadelphia Gas at 3lz.