Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-28
CHATS ABOUT TRADE.
Confidence Shown in the Willingness
of People to Help Each Other.
REALTY AS A SOURCE OF CREDIT.
Property So Highly Priced That it Cannot
be Had for Love or Money.
A REPORT DENIED AT HEADQUARTERS

be Had for Love or Money.
A REPORT DENIED AT HEADQUARTERS
While it is true that "no man hveth to
himself" it is equally clear that no one
does business to himself The activities of
life are so intimately associated that the i'm
pairment of one affects all. 1t is encour-
aging, therefore, to know that local finsn-
ciers have generously come to the assist
ance Of a great interest in temporary
pecuniary straits. Pittsburg capitalists are
always ready to help the deserving; and
thus standing by each other Through thick
and thln," they are enabled to weather
storms which otherwise would carry them
oown. In union there is strength.
tt&
A Vanishing Sign.
In answer to an inquiry about the renting
season and the demand for houses. yesterday,
]. B. Larkin, of ]. B. Larkin d Co., developed
new idea, in which there Is much food for
thought he said:
TO Let is getting to be a rare term, and
you will notice that the number of such signs is
growing less each year. People move about
@SScs
homes. They treason that if property investment
is good for one class of people it is also good
Tor another, and they buy instead Of rent. 1t
does not follow, however, that people do not
move. They do to almost as great an extent as
formerly, yet there are large number who buy
one year and sell the next and then buy again.
Some sell and buy for the money there is in it;
some for change of neighborhood, while 9TH
ers are moved by business considerations. For
Sale has taken the place of TO Let very
largely, and you have it verified every day by
someone looking for q new home who has Just
sold the old one. and would not rent at any
price.
People are becoming thrifty as the oommuni.
" grows older, and more prosperous and they
are beginning to realize that real estate brings
credit and eXerts an influence that can be had
IN no other way. Its possession makes a man
good citizen; he becomes responsible for his
own acts, and has an interest in the advance
ment and well being of his neighbors and of
the community. One piece of property stimu-
lates him to acquire another, and so on until he
finally takes pride in public matters. The
1eelng that every man should own his
own home, at least is growing very fast
and as 1t grows and advances to let's are re-
tired"
Still on the String.
1t was mentioned in this column some time
ago that Joseph Horne & Co. were dIckering
for the Demmler property on Sixth avenue,
between Stevenson's and the Duquesne Club
House. 1t was reported on the street yester-
day that the deal had been made at about
2,2o0 foot front One of the Messrs. Demmler
was asked for particulars, but instead of giving
them he said that the property had not been
sold nor even talked about for month. 1t IS
true, however, that Messrs. Horne d Co. have
made an offer for it. but whether or not 1t will
be accepted is further along.
Retter Than Monev
Some people have an idea that money will
buy anything. In talk yesterday with a
prominent real estate man on this subject he
saidi THE idea that the almighty dollar is the
open sesame to everything in the world is a
mistake. l thought so in early life, but find
from experience that there are many desirable
pieces of property that cannot be bought at any
price. True, you may be able to buy just as
nice and as available property in other sections
of the city, but it Is a fact, nevertheless. that
there are thousands of people who, when Of
fered even fancy prices, say; If it is worth
that to Mr.. Brown it is worth equally as much
to me, and I will not sell it, Pride of
home il an important factor with
many people, while others refuse rare offers
on account of family associations, one member
of family willing to another, and SO on from
generation to generation.
There Is something singular" continued the
gentleman, about this class of property, and
people seem to be attracted to 1t. Whether it
is because they know it cannot be bought or
from some other unknown reason, 1 can't tell,
but know of several cases where have had
offers on property that was not in the market
and could not be purchased at any price, while
just as good property could be had for much
less money than that offered-an exemplifica-
tion, suppose, of the old saying: We are al
ways wanting something that we can't GET"
A Popular Locality.
1t is said there is not a vacant lot on Meyran
avenue. Atwood street loUs are scarce and
high, while those on Oakland avenue are held
at more than 500 a front foot Oakland seems
to be favored spot.
A South Highland Deal.
A prominent downtown business man, who
is too modest to give his name to the public.
has bought one of DR.. Hoffman's South High
land residences at a figure approximating
$4,000. He will occupy it about March l. The
deal was concluded yesterday afternoon.
Only Two Things Needed.
If East Liberty had couple of first-class
hotels and theater it would make pretty
well equipped city. 1t has about absorbed the
population of the old city. ard the crowds that
throng Frankstown and Penn avenues are Sec
ond only to those on Fifth avenue and Smith
field street. There are many people out there
who do not visit downtown once in a wear.
They believe in protecting home industry, and
practice what they preach.
Business News and Gossip.
The man OF woman who invests money in
real estate need have no fear of burglars
AT meeting of members of the Exchange
yesterday James s. McKelvy (incumbent) was
nominated for President, w. W. Chaplin for
Secretary and ]. B. Barbour. Dr., for Treas
urer. The election will be held Friday next,
February q
Straub Morris have sold. five more lots in
Millvale Terrace plan. making I'll in all.
The most important mortgage on file yester-
day was for $1,000. The list was small, mum.
bering only l6.
1t is understood that a lot in Lloyd Circle,
frontin go feet on Dithridge street by 172, has
been sold for SIS foot front to a prominent
attorney. Baxter, Thompson & Co., to whom
the deal is attributed, would neither deny nor
affirm the report.
Pittsburg national banks according to the
published statements hold $l78 931 in excess of
the 50 per cent rule, as required by law or 25.67
per cent of net deposits.
Dealers in holiday goods continue to express
surprise at the magnitude of the trade this sea-
son. Nothing could better show the prosperity
of the city.
Real estate agents are pursuing the usual
course in sending notices to tenants. A notice
to vacate does not necessarily mean what it
SAYS. A majority of the leases will be renewed