Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-21
HOW TO MAKE MONEY.
A Good Return Assured to Those Who
Will Build Small Houses.
EVOLUTION In THE SUBURBS.
Petroleum Comes Within Three Cents Of
Reaching the Dollar Line.
the NEWS AND GOSSIP OF THE CITY

TIE NEWS AND GOSSIP OF THE CITY
Convenience OF residence has become one
| OF the recognised features OF PIttsburg. De.
fore the era OF electric and cable cars only
wealthy people could afford 10 live In the
suburbs, and there was scarcely any market
for outlying property. All this has been
changed within few years, and millionaires
no longer enjoy o monopoly OF suburban
comforts. The demand for rural property
has grown so large as TO be hard to supply,
and values have risen In proportion, The ccun-
try is full Of workingmen's homes.
The transform alton of unsightly vacant
Spaces which abounded on all sides OF the city
q lew years ago. into handsome lawns and gar
dens, and covered with neat and comfortable
houses, is evolution which the most vehement
opponent of the Darwinian theory must admit
TO be in the right direction. 1t also shows that
Piitsburg is enjoying larger measure Of pros
perity than usually falls to the lot Of "nortals
here below" and that this prosperity is largely
shown by people who earn their bread by the
sweat OF their brow.
Although Pittsburg is fast becoming city OF
homes many Of her most valuable citizens
have not quite reached the degree of afiuence
to enable them to become proprietors, and
they must, therefore, remain renters for sea.
son. To provide them with comfortable houses
to live in at a moderate cost, should be the
willing work Of our capitalists. It would not
only pay them as an investment, but would
greatly assist the growth Of the city, which, in
stead of being at the rate of 25000 year,
should be 50,o 900, half as much as Chicago, and
would be II there were houses enough to accom-
modate all who want to come here.
s&+
Business News and Gossip.
c. l. Davis, "Alvin Joslyn." through his
agents. Straub & Morris, yesterday made an
other payment on the property recently pur-
chased by him as site for a theater.
John +. Ober is making arrangements to
build eight brick buildings on his property,
Negley avenue and St Clair street, at a cost of
$4,000
Several houses on Grant street, between
Sixth and Seventh, are being repaired. These
are the only signs of progress in that neglected
quarter.
A mortgage specialist remarked yesterday:
Business has been quiet since the speculative
fever broke out There is considerable AZ per
cent money in the city for investment in first
class business property, but per cent and tax
is the rule"
L
or parts standing out from the main structure,
must be composed of iron or brick, as preven-
tive against fire. This is a step in the right di-
rection.
Presbyterians Of Latrobe are preparing to put
up church ediice that will cost S25, ,0O0
The largest of "a mortgages recorded yester-
day was for $500. The smallest was for $780,
Six were for purchase money.
The Lake Shore Railroad gave notice yester-
day of a reduction of IN cents on oats and of 5
cents on provisions to New York, alleging Sc
cret cutting by its competitors.
Among local stocks to be listed soon are
those Of the Pennsylvania Water Company and
OF the Second avenue electric road.
Railroad earnings.-Hocking Valley. for quar-
ter ending March 81, net increase, s46o55; Wa
bash, second week May, decrease, ,S26 900; Texas
Pacific, second week May, increase, S22354.
Braddock farmers report the peach crop
hereabouts q total failure and apples about
one-half tho average.
W. A. Heron & Sons sold Nos 100 and 1874
Winslow street, Twenty.frst ward, with lots
SSxl5O feet, for $500 cash.
Charles Somers & Co. sold for Dean d Whit
ley to Charles Piehl, two of those very desirable
lots in Fleming Park plan, Pittsburg and Lake
Erie Railroad. each fronting rs feet on Elem.
ing avenue and in depth l25 feet to an alley, for
sloo
G. L. Beringer 4 Son placed mortgage for
81, 300 on Moon township farm. three years, at
9 per cent; also, one at Duquesne, 5000. at Q per
cent.
Henry M. Long, who has returned home from
an extensive trip north ana south. during
which he travelled from Seattle TO San Diego.
reports business In that extensive scope OF
country in hourishing condition.
Nearly one.half OF the stock Of the San Carlos
.EN.ro ...E.n A aaAA Aau
pally In New York.
Movements In Real Estate.
There was more underground than surface
work in real estate circles yesterday. One
agent was wrestling with 100000 deal, and
drove of In buggy through the rain to hurry
it up. The inquiry for small properties was
good, and q respectable number OF sales were
finished up. The following were reported:
Hamnett & Meredith sold lot on Maple |
street. Edgewood, loOxSO0, for W. s. Glow to &. |
]. Hooper for 81 900.
Black Baird sold for ]. Walter Hay lot No. |
46 in the plan OF Valley View place for sS25. |
II was sold on the easy payment plan, the pur- |
chaser being Fred Dillemuth.
Allies Bailey sold for Martin Kuehnle a |
frame house of six rooms, lot 2Oxs5 feet, on
Commerce street, near Canton, to the Pennsyl- |
vania Tube Works for 81, 900 cash.
Samuel w. Black & Co. sold for, Thomas s.
Blair, Jr, a lot 4x120 feet on Almeda streer.
Twenty-third ward, city, for SID, on |
easy terms.
Ewing & Byers for M. H. Laughton to W.T..
Troop two lots at Ingram station, PIttsburg,
and st. Louis Railroad, for So 900.
]. E. Glass sold for A. C. Watkins lot No. 2l
in the Watkins place plan of lots No. 2, at Viii.
merding, size 27x1O4, for $780,