Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-29


nothing would be done with the property
for a year or two. Since then, it appears
the purchasers have changed their minds
According to inside information, obtained
yesterday, they will, in short time, begin
the erection of a two-story building, using
such parts of the old walls as are suitable
leaving the question of a permanent structure
in abeyance until definite decision shall be
reached in regard to the widening of the
street. Work on the Germania Bank build
ing, just opposite, is progressing finely. 1t
will be, in some respects, an improvement
upon the old one, and present q handsomer
appearance 1t will contain apartments
specially arranged for the Chamber of Com
| merce.
| A Perrysville Avenue Deal.
1t was reported yesterday that ]. B. Lar
kin & Co. had closed an important deal on
Perrysville avenue, involving 30 acres or
more. The price was not disclosed, but it
was said to be in the neighborhood of $50, 900.
Mr.. A. B. Kennedy, of the firm named, was
spoken to about the transaction, and he said:
| YES we have just consummated the biggest
sale ever made on Perrysville avenue, but
cannot give particulars just now. They
will be forthcoming in, week or ten days"
More Homes for the People.
| A transaction in real estate of some i'm
portance for its bearing upon the building
| question was consummated a few days ago
by Henry A. Weaver & Co. They sold for
Mrs Ann Harrison to Hagmaier & Johnson,
| a property on Ridge street, Thirteenth ward,
| consisting of an acre and half of ground
and three uildings for $1,000. The pur-
| chasers represent the keystone Land Com
| pany, and intend erecting a number of
dwellings on the property The Thirteenth
| erected this year, but is also first in the
number of transfers of real estate. 1t is q
| progressive locality.
| A Second McKeesport
Mansfield people are taking the right
course to make the town boom. They are
paving the main streets with fire brick and
| laying good sidewalks. The town is lighted
with electricity. Manufacturing sites
abound in the immediate vicinity, and rail
road facilities are excellent. Coal is abun-
dant and cheap. There is a good opening
there for f1rst-class planning mill and lum-
Der yard. A citizen remarked yesterday:
Mansfield is bound to be a second Nc
Keesport in a very few years"
ARumor Run Down.
The report that the Ohio and Mississippi
will soon be absorbed by the Baltimore and
Ohio is most strenuously denied by the Bal
timore and Ohio officials The presence in
London of President Barnard, of the Ohio
and Mississippi where he has gons with
three directors for the purpose, it is said, of
comforting with the majority owners regard
ing the necessity of scaling down the heavy
rate of interest of the bonds, and the de-
parture of President Mayer, of the Baltimore
and Ohio, for Europe on Wednesday last er-
roneously gave rise to the rumor of the
probable purchase.
More Than Holds Its Own.
There is nothing on the market that pre-
sents stronger front than real estate. Both
e1ax,
are beginning to understand each other, and
there is less difficulty in closing deals than
at any former time this year. as the larger
number of transfers clearly shows-and this,
out of town. When they return the move
ment will be brisk. The outlook for the
coming fall is very encouraging.
''-7 Business News and Gossip.
Nearly all the surrounding towns are hay
ing their streets improved and sidewalks
laid. This will build them up faster than
anything else.
The adjourned meeting of the Electric and
Manufacturing Company will be held to-
day. There is scarcely doubt that Mr..
Westinghouse will be reelected President
The new Germania Savings Bank building,
for which permit was taken out on Mon
day, will cost, according to estimates, s7O,-
600.
1t is stated that the average daily earnings
of each car on the Birmingham line is $50
AS there are 80 cars according to this esti-
mate the total daily earnings are 81 800.
The Arbuthnot building. on Penn avenue,
one of the largest in the city, will be finished
and occupied next week.
At the annual meeting of stockholders of
the Westinghouse Machine Company yester-
day, the old Board of Directors was re-
tanned. Reports showed an increase in
business and profits.
On call yesterday 100 was bid for Pittsburg
Incline Plume bonds, 9315 for Birmingham
Traction bonds IS for Manchester Traction
stock, and 70 for Electric scrip.
La Noria found a purchaser yesterday,
months.
New York was frmer, but dull. London
was higher. A good rally is looked for.
Reports of railroad earnings continue to
be on the strong side.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
j. NJ. Denholm, two-frame two-story
dwellings, l3x3l feet, ,on Frankstown avenue.
Twenty-frst ward. Cost, $500
Chas Bauman, brick addition one story
dwelling, 16xS4 feet, on Van Braam street,
Sixth ward. Cost 81 800.
David Stewart, frame addition hallway,
51S2 feet. on Forbes street, Fourteenth ward. |
Cost, $500.
W. Hammard, frame two-story stable, |
e2x32 feet, Roup street, Twenty ward.
Cost, $500. |
Movements in Realty. |
J. B. Larkin & Co. sold property on |
Meyran avenue, lot 'e21l4l to Ward street, |
with two-story frame house, for Albion M. |
Sweger to Ferdinand Klepeick, at price |
approximating S3 500.
a T. Byers Co. sold for Marshall H. Reno |
to a prominent business man of Pittsburg, a |
fine pressed brick residence of six rooms, |
bath, laundry and all conveniences, with lot |
2Ox 100 feet, being the property No. 20 Kirk |
patrick avenue, Second ward, Allegheny |
City, for s., 600 cash.
Black & Baird sold to Thomas C. Jones for |
Morgan Davis lot in the rear of Griffith |
street, Oakland, 45x102 feet. for $40G.
Charles Somers 4 Co. sold for the Blaine |
Land Improvement Company, in their plan |
at Blaine to a prominent con tractor a block |
of I3 lots, at 10 per cent off list prices, upon |
which the purchaser will erect residences of |
five to seven rooms, to be commenced at |
once and completed within 60 DAYS.
Peter Shields sold for the Scnenley Park
Land Company to Mrs B. McGinnis lot a
xIO0 on Haldane street for $3.50; also to
Francis Mccoy a lot 25x10O feet on Haldane
street for $400 on easy payments.
NJ F. Nipple & Co. sold lot No. 40 in the NJ
6 Dickson plan, Thirteenth ward to Ber-
nard Rafalski, for S675.
Reed b. Coyle & Co. sold lot No. A in their
Glenmawr Park plan, at Haysville, Pitts
burg, FIT. Wayne and Chicago Railway front
ing 80 feet on Riverview avenue and extend
ing back ITO feet, preserving the same width
OF so feet throughout, for 1925.