Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-24
A NEW DEPARTURE
Suggested in the Method of Buying
and Selling Real Estate.
HINTS TO OWNERS AND AGENTS.
Home Stocks Tied Up Temporarily and
Buckeye Oil Drops Out Of Sight.
THE NEWS AND GOSSIP OF The CITY

It has been suggested-and the idea
seems worthy OF consideration-that, mas
much as it takes twopeople to make bar
gain, in which buyer and seller must both
be satisfied, there should be some method
by which buyer and seller Of real estate
could be placed on the same footing and
given the same advantages.
II is obvious that, under existing custom
in real estate transactions, the purchaser
must take from the agent or owner whatever
is offered for sale, or do without. He may,
it is true, aimlessly wander about in search
of something that has not been offered, but
peregrinations of this order are tiresome, to
say the least, and an exceedingly uninviting
field is covered without much compensation.
1t is said that there is q compensation In
everything and that loss in one form is gain in
another, but 1t is very difficult to make this
reasoning clear to the man who has decided
upon the purchase Of house, which he has
pictured in his minds eye, and then started out
in search of, and comes home without II. ne
did find number of houses, such as he and MS
wife had talked about and longed for, but some
of them were In an undesirable LOCATION, anu
others were not for sale at any price.
Tomeet the wants of this dlass Of people and
to assist them in securing what they desire
without importantly. physical exert1on or
mental anxiety, it is suggested that the person
in want of home or an investment advertise
about as follows:
"Wanted-A Queen Anne house of seven or
eight rooms on Lombard street, West Side, be-
tween Spruce and Myrtle avenues. Must have
hot and cold water, both gases and be unasso-
ciated. Give price. terms and full particulars
by mail. Box e. DISPATCH OFFICE"
In this way the buyer makes known TO the
public, and the real estate agent in particular,
Just what he wants and where he wants 1t, and
at the same time covers his personal identity.
The agent can't object to this; it opens up
new ieli without expense to him, and gives
him assurance of purchaser if he can meet
the want The house and the buyers eye being
of the same size, shape and color, there is moth
ing left to do except to "haggle" about price,
and that sort of diversion would be INDUCED in
under any circumstances.
The proposition is only novel in its relation.
Every other branch of trade asks for what 1t
wants in about the same way, or invites pro-
posals to supply certain wants, and there seems
no good reason why the people who desire.
houses and lots should not describe in the ad-
vertising columns OF the papers the character
Of the house and the location fancied.
1t is an innovation. an old idea in new
place, and an invitation to buyers to take ad-
vantage of the best thought at busy day.
The time is coming when buyers and sellers
will be brought together in this way, or
else an exchange will be formed to meet the
views of traders and the growth of . business
that is as ssential to this community as the ex-
change of other commodities.
Will not some one try this in the interest Of
change, or in the interest of that large class of
people who admire the man who frankly asks
for what he wants aud wants only what he asks
for.
Business News and Gossip.
tits every mans duty to do all he can to de.
velop the interests of the city. Buy lot and
build on IL.
Building was active again last week. Sixty
permits were issued, representing 70 houses, of
an estimated cost of s1S7. .S25. The number of
buildings erected in the city and suburbs to
date thiS year approximates 5000, with three Of
the best months to come.
While the extension of cable aud electric
roads to the suburbs hurts property in some To-
calities by shutting of driving. 1t is developing
large areas of territory which otherwise would
be neglected. The benefit, therefore, largely
outweighs the damage.
OF % mortgages on file yesterday. the largest
was for s., 500. Ten were for purchase money.
Interviews with numerous wholesale dealers
in Chicago are to the effect that business is
running from 10 to 20 per cent larger than last
year, and the money stringency has not been
felt in the West.
There is good movement in building lots
out the PerrysviIle road. Building is also pick.
ing up.
It is estimated that 90 per cent Of the houses
erected and going up this year are for resi-
dence. Still, the demand is largely unsupplied.
As the result of conference between the iron
masters and President Mcleod. of the Reading
Railroad, that company has reduced the price
of coal and also freight charges to furnace men
along its line with a view to fostering the local
iron industry.
Railroad earnings: Erlanger system, first
week August net increase. Sl0,126, Ohio and
Mississippi, second week August, net decrease,
$3.50. Northern Pacific, second week August,
net increase. $5l s66.
Attempts to beittle the business Of the Pitts
burg Ex C hange are unjust. The institution
should be upheld instead of derided. Its q
necessary adjunct 10 the prosperity of the city.
Mr.. ]. G. Allies returned from Atlantic City
last evening.
William Finn and D. p. Black had lengthy
conference y6btoIudy aAtoEuoous oObu "a bQ6m
looked business.
1t is not yet settled whether the Duquesne
Traction Company will pass over or under the
railroad at Williamsburg.
$50
Movements In Real Estate.
There was a declded improvement in this
market last week, due to colder weather and
the return Of number Of absentees. Two
large deals were completed-one at swissvale
and the other on Sixth avenue. involving $780,
900 and s45, 900 respectively, and several others
pushed forward. There was better inquiry
for business property.
A transaction on Penn avenue was reported
closed yesterday, but particulars could not be
obtained. 1t was also reported that dwelling
on North avenue, Allegheny, below Avon
street, had changed hands at about $40. 600. All
the brokers spoken to said the inquiry for su-
burban building lots was as active as at any
previous time this year.
The last lot of LIS in Valley View place was
disposed of yesterday afternoon. The plan was
put on the market about year ago. This is
regar ied as one of the most successful real es-
tate operations in the history of the city.
Il n Dos ia -nl g. Al