Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-30
THE TREND OF TRADE.
Opinions of Experts Encouraging to
Real Estate Hustlers.
CHANGES In AN OLD QUARTER.
A Banker Thinks Taxes Too High and
Should Be Cut Down.
LANDS AND HOUSES CHANGING HANDS

The following shows the drift OF opinion
concerning the condition of the real estate
market:
Black & Baird-Business was dull early
in the month, but it has picked up and is
now fairly active.
Charles Somers & Co.-The demand dur.
ing the past week or more shows that the
market has almost recovered from the de.
preston of the early part of the month. We
think the improvement is permanent
C. Beringer & Son-There is no boom, bu,
there is good deal going on. The great
trouble is to bring buyers and sellers together
to close up transactions.
Baxter. Thompson & Cove have no reason
to complain. The inquiry for property is al
most as great as ever.
c. H. Love-The market has been rather
quiet SO far this month, due. perhaps. to the in
dustrial muddle, but there are signs of improve.
ment all around. think the outlook is very
encouraging.
Changes Above Grant Street.
The block bounded by Sixth avenue, Grant
street and Virgin and Cherry alleys has under
gone complete change within the past two or
three years. The first act in the transforma-
tion scene was the erection of the Excelsior
block. Two or three large livery stables soon
followed and then came the Free Dispensary
on the site of old Turner Hall. The change is
still more clearly seen in the fact that large
number Of houses formerly used as dwellings
have been remodeled and in some cases rebuilt
and occupied by tradesmen in various lines of
business.
This change is regarded as the forerunner Of
similar movement in other blocks in that
MAJ af thao To- ;e
by real estate brokers, that where a break is
made in a neglected locality it is soon followed
by others. Besides, the pressure on the lower
part of the city is demanding an outlet, which
is found in perfection in the district of which
Grant street is the western boundary.
$50
Wants thc Tax Rate Lowered.
A prominent banker and property holder, in
the course of conversation yesterday, remarked:
1T has been my experience for some years that
taxes absorb about one-third Of all l receive as
rents. One OF my properties brings in So 900;
So 900 of this goes for taxes. This is the uni
form average think there should be a law
limiting assessments on property to per cent.
This would afford sufficient revenue for all
legitimate improvements. If the city wants
luxuries it should wait until it can afford them,
and not place too heavy a burden on property
holders"
Local Wall Street Gossip.
A real estate firm in Pittsburg has just con-
cluded a deal in Boston by which it cleared
S5O,O0O
Robinson Bros have sold within short time
$40. 600 st. Joe, Mo-. Water Company's 6 per
cent guaranteed bonds at par and interest.
E. P. Long-There are good many orders
for stocks, but they are, almost without excep-
tion, below the market. think investors are
ma king mistake by holding off. All signs
point to increased activity and higher prices in
the next week or two.
The old post Office, which will come under
the hammer some time and test the length of q
good many purses, was built in 1858. The site
was previously occupied by the Garrison
foundry, and was surrounded by high board
fence. which may have been useful, but not
Ornamental
Mr.. C. Meyran, of the Germania Savings
Bank, was the first man on Fifth avenue to
use gas This was early in the fifties. He was
in the jewelry business at the time.
A statement of receipts and expenses of the
CHARTERS Valley Gas Company for the quarter
ending March 81, circulated on Change yester-
day, shows: Total expenses, s2l S43 so; gross re.
ceipts. sl77,S25 IS; net receipts. sl55,9S2
A mortgage expert said yesterday morning:
Business is a little slack for large amounts.
There is plenty of money. but borrowers want
too low rate of interest, which makes nego.ia-
tons little difficult"