Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-24
ACREAGE In DEMAND.
Subdivision in Active Progress. to
Maintain the Supply OF
BUILDING SITES FOR OUTSIDERS.
A Good Offer Refused on the Southside and
Deal in Allegheny.
THE NEWS AND GOSSIP OF THE CITY

As evidence that Southside property is
looking up, and that long neglected districts
on that side of the river are receiving large
share of attention, it may be stated that
Anderson & Beeckman, Linn, made an offer
yesterday, of $1,000 an acre, for a so acre
tract on Mount Oliver, near Knoxville, and
it was refused. the owner holding it several
hundred dollars higher.
The demand for acreage is brisk, not only
on the Southside, but in the East End,
Allegheny and down the Fort Wayne rail-
road. It is wanted for subdivision, to keep
up the supply of building sites, largely de-
pleted by improvement and occupancy, although
not to the extent of endangering famine.
Accessions 10 the Population.
General brokers in real estate were asked
Yesterday if there were many strangers among
the applicants for tenement houses and building
lots and the invariable reply was in the afi1rm-
ative. Fully one-half of the renters this sum-
mer are newcomers drawn to the city by the
prospect of plenty of work and good wages.
some of them buy lots and build cheap but
comfortable dwellings. A great deal OF the
buying and building now going on is ny TINS
class of people. This keeps up the demand for
property and sustains prices, and it is to supply
this demand, and also to encourage mmlgra-
grafton. that so much acreage is being brought
into the market. Cheap lots and abundant IA
cilities for building are strong inducements to
outsiders to establish homes In this busy and
rapidly growing city.
This is SO well understood by capitalists and
investors as to afford grounds for the predic-
ton that the old cry of mo houses to rent"
will in few years survive only in the memory
of the "oldest inhabitant."
ADeaI on the NorthsidP.
1t has been mentioned that there is good
demand for acreage on the Northside. A deal
of this kind was consummated yesterday by
Ewing & Byers, who sold to Messrs. McKain d
Miller "a acres fronting on Wabash, near
Perrysville avenue, Tenth ward Allegheny,
and close to the terminus of the Electric road,
for $4,000, being over s., 600 an acre-the best
price ever realized in that locality. 1t will be
subdivided and placed on the market.
1t is understood that Mr.. Ira M. Burchfeld
is on the heels of customer for large tract
OF land in the Squirrel Hill district 1t is au-
thoritatively denied that the syndicate oper-
ating in this territory is unloading. Its pur-
chsses were for well defined purposes, which
Business News and Gossip.
sl5.OOedeal on Fifth avenue is hung up on
a difference of 81 500
Quite number of investors are out of the
CITY. and others soon will be. 1t is not likely
there will be squirt In anything until they re-
turn.
The Central School building at Williamsburg,
on the site of the one destroyed by fire, will
soon be ready for the roof. 1t will be larger
and more convenient than its predecessor.
Arbuthnot, Stephenson & Co. expect to oc-
cupy their new building on Penn avenue about
January l. Some changes have been made in
the plan which will increase the cost to about
s225O0o.
So far as tried flats have proved popular in
this city. All that have been finished are oe-
cupied. and several in course of erection are
engaged. II talk materializes, two or three
large ones will be erected next year. They are
said to be an 8 per cent. investment.
Henry NJ. Long sold 6U shares of Electric at
3s. A sale of Pittsburg, Allegheny and Man
chester Railway stock was reported at $50 or
$40 per share for the new. W. F. Maxon has
returned to his old quarters In the Safe Deposit
building.
A. ]. Barr, Esq, is making preparations to
erect fine stone dwelling on Bidwell street,
lot was purchased from E. NJ. Ferguson,
through W. A. Heron Sons.
A prominent broker on Change yesterday Of
fered 90 shares of McTighe Electric stock for q
live dog, and no one bit at the proposition.
Movements In Real Estnte.
1t was reported yesterday, but not confirmed,
that the Swift farm of 81 acres, just beyond
Knoxville, had been sold for sl.55o an acre.
The name of the purchaser could not be ascer-
tanned.
Black & Baird closed nine sales yesterday,
eight of which were in the East End. Prices
ranged from $3.50 to sll, ,59O
w. A. Heron & Sons sold lot 6OxI5O feet on
Grandview avenue, Thirty fifth ward, for s., 400
cash.
Hamnett & Meredith sold for 81. 8. Kline to
the Young Mems Christian Association of Will
kinsburg, lot 50xl10 on Ross street. Wilkins
burg, for 81, 800 cash.
Black & Baird sold to W. N. Miller for p. ].
Urling lot No. 8 in the Urling plan on Penn
avenue. near Winebiddle avenue, 2OxIOO feet.
for $500; also in the same plan to w. H. Fred
ericks lot No. 26, on Dearborn street, for $500.
James w. Drape & Co. sold an interest in an
East End property. near Highland avenue, for
$40 600 cash.
Samuel w. Black & Co. sold through David
Shaw & Co. a lot lOOx2OO feet, on Thorn street.
Sewickley. for 5000.
Allies Bailey sold for E. P Jones lot No. 81
in the Jones plan of lots, Wadsworth street.
Thirteenth ward. on monthly payments of S.