Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-16
Not I'm to the Mark,

concerned
the year.
Not Up to the Mark.
It was nobodys fault that batch OF panicky
news came on the day set for the sale Of the
Exchange building, but the conjunction was
unfortunate, as it no doubt prevented deal.
According to previous notice, the building
was put under the hammer yesterday. There
was a large crowd in attendance. The first bid
was 500 600, or $1,000 foot The next was
SlOO, ,0OO, and the next $4,000. Then, after
short pause, it was increased to $50, 600 and
then to $4,000. Another short breathing
spell ensued, and then followed the best bid OF
the day, sI45OOO. This being $1,000 below the
limit and there being no prospect OF raising II,
the sale was adjourned.
The sale failed to attract as many capitalists
as had been expected, but as they were well
represented by real estate agents, many OF
whom were present, their absences IL is thought
made no difference. Some curiosity was ex-
pressed to find a reason for the non-appear-
ance of the gentleman who, as reported all
along had for months had a standing bid OF
Sl5O, 600 ready to launch forth at the first op-
portunity.
East End Realty.
Business property in the East End has scored
big advance in prices in the last five years,
and the demand for it is steadily widening and
taking in a greater scope. Several sales made
quite recently show clearly that buyers think
well of the business advantages possessed by
this part OF the city. One of these involved the
property on the northeast corner of Franks
town avenue and Station street, lot SOxlOO feet,
which brought sl4, lot 64xl9O, in the
same locality, was picked up at price approx
mating S23 600. The other transactions re-
ferred TO were of less Importance from tinan-
cial point of view, but equally significant as
showing an active demand for the kind OF
property in question at good round figures.
Homes for the People.
Rapid transit has come to be the most i'm
portant factor in the development of the sub
urban districts and the founding of country
houses. 1t has rendered thousands of acres ac-
cessibe to the industrial classes which a few
years ago were practically worthless because of
their isolation from the business centers. AS
the system of rapid transit is developed the
movement of population toward the suburbs
will increase, until in 4 few years they will be
thickly built up. There is no reasonable doubt
that this will be the outcome. With such
prospect few, if any, will deny that real estate
In any of the surrounding districts is q good
purchase at present prices;
The Cost of Water.
W.B Bull, Superintendent of the Quincy
Ill, water works, furnishes the followingtable
taken from the Erie, Pa, water works report.
IL gives the cost of water to the average house
holder in Is cities, compiled from official re-
ports: Allegheny City, S24 so; Boston, S37 25;
Buffalo, SIS 90; Chicago, S2l rs; Columbus, O.,
SS2 80; Dayton, O.. S45 so; Detroit, S2S 25;
Erie, Pa. S2l rs; East Saginaw, Mich
SIG so; Fall River, Mass, s9l; Grand
Rapids, Mich, sS8; Indianapolis S32;
Minneapolis. s26; Newark, N: J.. s26 Is; New
York City. SS2 75; Omaha, Neb., $50; Philadel-
phia, SIS Is; Pittsburg. S23 so; Sandusky. O.,
S25 so; st. Paul, s24 so: Syracuse S3l 75 Toledo,
n. Ttia IN n rc fror1
above statement that SIS 66 per annum is the
average price paid for water by the house
holder circumstanced as above in the United
States, If the above 25 cities afford fair basis
from which to construct an average.
The Building Record.
During the past week 81 permits were issued
representing 81 buildings-7 brick, q frame and
ironclad the total cost of all being S51 432 The
Twenty-frst ward led with eight, followed by
the Fourteenth, Eighteenth and Thirty cond,
each having four buildings.
The number of permits issued the previous
week was 49, representing 81 buildings The
total number of permits issued this year to date
is Is, 997, representing 1885 buildings. Yester-
days list follows:
Charlotte !. Dawes, brick two-story and man.
sard dwelling, 83x40 feet on Craig street. Four
teenth ward. Cost. $500.
Joseph Bowden, two frame two-story dwell
ings, 20xl6 feet each. on Golden street. Twenty
u. ".
Iron City Car Company. frame one-story
office, l6x20 feet, on Pennsylvania Railroad,
Twenty-t1rst ward. Cost, $500.
Margaret A. Lowry, frame two-story dwell
ing, 1880 feet, on La Belle street. Thirty-sec-
ond ward Cost. $3.50.
Business News and Gossip.
There was considerable talk on Fourth ave-
nne yesterday afternoon in regard to the en-
barrassment of the Barings, but as it was not
failure and as nobody would lose anything by
it, the conclusion reached was that the excite
ment over it would soon subside. All concurred
in saying that Pitrsburg would not be affected
| beyond, perhaps, making fnaDciers more eau
tious in extending loans.
w. l. Breane has Just completed fine three
| story business house at the intersection of
Heron and Wylie avenues.
There was a good movement in real estate
last week. A season Of dry weather is all that
is needed to give it boost. Buyers are ready
| and waiting.
| anxiously awaiting the advent of rapid transit.
That part of the Northside is full of pictur-
esque building sites, and they will no doubt be
eagerly sought for soon as they can be
| quickly and conveniently reached.
1t is only question of time when the Home
| wood race track will be cut up into building
lots. The movement toward that end is gain
The First National Bank of sewickley
| opened for business yesterday in its handsome
| quarters, on Beaver street. The bank starts
| of with good line of deposits and indications
| Of plenty of business.
One of the city papers keep on quoting black
| berries and watermelons, showing that to 1t all
| seasons are the same.
There were no large mortgages on file yester-
| day, 800 being the most important. There
| were 81 in all, of which ten were for purchase
| money.
Finishing touches are being put to the Ma
sonic Temple in the East End. Heaters were
| put in yesterday. II will be dedicated about
| the first Of the year,
Movements in Real Estate.
| Samuel w. Black q Co. sold the property
Nos. 40 and 81, Fourth avenue, having theron
two three-story brick buildings, lot 46x54, on
the corner Of an alley, for price approxima-
ting $4,000.
Black & Baird sold to Mrs. Julia Hamilton a
| new two-story and attic brick dwelling in Neg
ley place. fronting so feet on the corner of
Stanton avenue and Wayne alley by lSS feet in
depth, being lot No. in b. s. A Stewards
| plan for S. 900 cash.
Reed B. Coyle & Co. sold No. 145 Franklin
street, Sixth ward, Allegheny. being brick
| dwelling of eight rooms and all modern i'm
provements, with lot 2Ox10O feet to an alley, for
5000 cash. The purchaser is wellknown
| railroad man.
| Baxter Thompsop a CO. sold for W. r,