Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-28
ON A SOUND BOTTOM.
Rich Men Show Confidence in Real
Estate by Picking it Up.
PRICES in FAVOR OF THE BUYER.
MoOrhead Residence, in the East End,
Bought by Funeral Director.
THE NEWS AND GOSSIP OF THE CITY

THE NEWS AND GOSSIP OF THE CIT
That there is no lack of confidence in tn
real estate market is shown by the large an'
steady additions to the acreage on all side
OF the city. Scarcely week passes withou
new plan of lots being brought out. Th
prosperity of the city is so secure and thu
increase OF population so certain that lnves
tors feel perfectly safe in putting thei
money in land, even at the risk of being il
advance OF demand, which must, however
in the nature of things in very few years
overtake the supply. The danger lies In toe
little rather than too much available acreage tc
keep pace with the constantly increasing
necessities of the city.
While new subdivisions are being put on the
market at a lively rate. the supply of building
sites is kept within moderate bounds by large
absorptions by home-seekers, and neither now
nor at any previous time for four or five years
has there been anything like slut OF such
property. Business is reaching out so fast and
becoming so diffused that every plan OF lots Is
central to some of the activities of the city.
This makes dead" property impossibility.
| Hence il makes little difference where man
buys-he is sure to be central to some lmpor-
tant industry. which will in time enhance the
value of his purchase. Even distance is ceas-
ing to be an objection, since rapid transit has
| been or soon will be extended to every district
around the city. bringing the rural home and
| the workshops, mill or store into close conJunc,
| tion although in reality several miles apart
The fact that people of large means are put
| ting their money into real estate should inspire
those in less aff1uent circumstances with conn-
| dence in the stability of this great interest.
| Conditions favor the buyer. Prices are hrm
and enhancement certain. Workingmen,
| therefore, should strain point, if necessary,
invest their earnings to better advantage. The
| wolf seldom visits the door of the man who
| owns the roof that shelters him.
Business News and Gossip.
If all the building projects on foot materialfze.
| long step will be taken next year to overcome
the famine in small houses.
The Covenanter church property. at Wilkins
burg, is being prepared for the market. The
| congregation expects to realize enough from
the sale of lots to defray the expense of a
handsome church building
Fourteen of 80 mortgages on file yesterday
were for purchase money. The largest was for
$50. .66O Thirteen were for less than $1,000 each
A few years ago a few streets monopolized
all the business. but the center of trade has SO
shifted and expanded that it is now hard to tell
Just where it is or what street carries the palm
of importance. The general sentiment how
ever, is that Fifth avenue especially in Its rela-
tion to the suburbs. is the leading thoroughfare
of the city. 1t is beng built up very fast. and
the improvements, both business and residence.
are generally of high class.
Two elegant brick dwellings are going up on
Rebecca street, near Liberty.
Property is moving up in the Twentieth ward.
Some owners out there have advanced prices
S. foot within the past few days.
moi rr1irc We fa Epn A,1f upg
houses, one of them specifying block of six at
a cost of 81 900 each. The list follows:
Jones & Laughlins. Lm., frame onestory
factory and shop, 55x2S0 feet on South Twenty
sixth street Twenty-fifth ward. Cost, IS. 600
Mark Albrecht, frame two-story dwelling 2l
x5O feet, on Independence avenue, Thirty-ffth
ward. Cost l,500.
John o. Phillips, six brick two-story attic
dwellings, 20x34 feet each, on Twenty-fourth
street, twenty fifth ward. Cost. $4,000
Joseph SronkewskI, frame one-story dwell
ing. 1890 feet; on Brereton avenue, Twelfth
Miss Margaret Logan, frame two-story dwell
ing. 2oxl6 feet on Evaline street. Nineteenth
John A. Haus, frame addition two.story
dwelling, l414xl9 feet, on Ellsworth avenue,
Twentieth ward. Cost s770. 81.
Jacob 1g frame two-story dwelling, 36x20
feer, on Lincoln avenue, Twenty-hrst ward.
Movements in Real Estate.
1t was stated in THE DISPATCH a few days
ago that an important deal in East End resi-
dence property was on the eve of being closed
mp. 1t was learned yesterday that the transac-
tion had been cOnsunma ted, the Moorhead res
idence and eight acres, on Fifth avenue, Oak
land, passing into the possession of Mr.. H.
Samson the undertaken for Sl25 900. Messrs.
w. A. Heron & Sons, agents for the estate,
mad no particulars to give out. but did not deny
that the sale had been made.
The property is among the finest in the city.
The mansion is new and commodiouS and the
gounds handsomely improved. The purchaser
will occupy the house as residence. The re-
port that the residence and grounds formerly
occupied by L. w. Dalzell, ESQ.,. were included
in the sale to Mr.. Samson is incorrect Thev
were sold last spring BY Messrs. Heron &
Sons to j. Z. Reilly for S25. .0G0
c. h. Love sold a vacant lot on the corner of
Forbes and Murdoch streets sly on the former
by 260 on the latter, for W. +. Getty to John H. |
i. Robitzer for price approximating S6,5O0
The purchaser will erect fine residence on
the lot.
L. o. Frazier sold a new modern frame
dwelling of five rooms etc., with lot 2OxI3O feet
TO 30-foot alley, situated on the west side of |
Pacific avenue. near Coral street, Twentieth |
ward for So 600 cash.
James w, Drape & Co. sold house and lot |
on Kllbuck street Allegheny, for S, 200 cash.
Baltensperger Williams sold for George w, |
Krupschild. ESQ.,, two lots, each 22xll0, on Nc |
kpan avenue, Charleroi for 81 600 cash.
Z. ID. Wingenroth sold two lots fronting SO |
feet on Toketo avenue and extending back ITO |
feet to Usage alley, being lots Nos Al and AZ in
his plan of Nadine Park, to Joseph Bihlman, |
for $500.
McGaw & Goff, Linn, soid to c. W. Lawson |
lots Nos. Ill and lis at Oak station, Castle |
Shannon Railroad. for $500.
J. E. Glass sold for A. C. Watkins lot No. 81 |
in AleQuippa place, Thirteenth ward, for $3.50 |
cash.
Thomas McCaffrey sold for H Zeisler to ]. |
Becker a property on Howley avenue, near |
Main street, lot 20xl00 feet, with a new two
story frame house, for $500; also for Robert |
Ellis TO Maria Schlegel lot No. 2 Ellis plan.
Stanton avenue, for $500: also for James Nc. |
Kay to Martin Fallman property on Mifiin
street, near Thirty-ninth, lot 22xl30 feet with a
John Vogel to Henry WitzgaIl a property on
Edmond street. Sixteenth ward, lot 40xS6 with |
a double brick dwelling, for s., 400
Black Baird sold to Hugh Donnell for P j.
Meyer two lots IN Verona. corner of James
street and Penn avenue, being 4S feet front, for
$500
W. E. Hamnett & Co. sold lot lS Radelif
plan, Williamsburg for r. ]. Forsyth to Eliza
beth Killer, for 1915 cash.
Samuel w. Black d Co. sold lot No. SIS.
Boggs plan, West Liberty borough for $3.50
Mellon Brothers sold to Robert trace a |
I-room brick house on Margaretta street Nine
teenth ward. with lot 45x,20 feet, for SIS, 500.
Ewing Byers sold for Mrs. P Elizabeth
Klous to John White two-story and mansard
brick dwelling house of nine rooms. nail batb
and laundry, with all modern convepiences.
lot 2JxS0 to 20-foot alley, being the property
No. IS Sampson street. near Federal street
Second ward, Allegheny. for $1,000 cash.
In FULL SWING