Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-07


also been sold out, and the Sheraden Lano
Improvement Company has made large safes
in the same locality. Black & Baird SOLO q"
lots In three plans during the month OF M"y'
and over 100 so far this month
Other companies and agents report isrgo
sales in and about the city. Ills safe to say
that 5000 lots in and in close proximity 70
the city limits have been marketed In 'he
last two months. If there be discourage
ment in these figures the more Of 1t the DO"
ter.
A Few Big Deals.
The sale of the Central Hotel property TOT
S850,000 by Mr.. c. II. Love-, reported In IHh
DISPATCH yesterday, was the biggest single
transaction in downtown property that mas
ever occurred in Pittsburg. The largest
transaction in the county was that OF the
City Poor Farm by Black & Baird, wn1cn
brought nearly $500 900. The most Important
sale ever consummated in the Twenty-th1ro
| ward, footing up s1ss,0o was managed Dy
Ira M. Burchfeld. Other important deals In
downtown property-all within two years
are the purchases of C. L. Magee, on Fourth
| avenue, S175, 900; of E. NJ. Ferguson, on Ih1rd
avenue, $l65 5000; of Captain Vandegrift, on
Fourth avenue, S120c00 of 7. d. Messler. on
Smithfield street, $4,000; of Judge Acheson,
on Smithfield street, aboutS Sl5O 600; ana OF tne
Kuhn law buildings, on Diamond street.
Sl41, 700
Speaking of the price paid for the Central
Hotel, prominent business man said yes,
fact that smithfield street is the most pro
gressive thoroughfare in the city, with a
brilliant future, I think the property Is
worth more money"
Large Apartment Houses.
The demand for large apartment houses
in the lower part of Pittsburg and Allie
gbeny is growing, and there are quiet re-
ports that several such buildings are under
contemplation. One of the sites spoken Of
is the Perry property, corner of Duquesne
way and Eighth street. Inquiry was made.
ofW. A Heron Sons If such buildings
msds wSSa think sG which hay Mous rSss
modern, with a restaurant attachments
wherever practicable. The transient GUS
tom of Pittsburg is growing. Besides, many
cannot well afford to keep house or board at
a regular hotel. Apartment houses with res
tauTants would meet the wants of this large
is good location for such houses, and sew
eral deals there are being talked up with
this object in view."
Made Quite Spec.
The purchase Of four lots at Elwood by q
prominent young lawyer was mentioned in
this column a week ago. Yesterday he sold
two of them at an advance of $500. Lots are
selling very fast in that bustling embryonic
city, and building operations are on the
Jump. A gentleman who visited the place
yesterday after an absence of five days, said
that during the interval six dwellings had
been started and were almost ready for the
covers
Business News and Gossip.
The sale Of the Central Hotel property was
the talk of the town yesterday.
Wood, Harmon & Co., having sold out all
the lots in Sheraden Terrace, are looking
for acreage suitable for subdivision.
/ W. c. Bedringer & Co. sold during the week
an Investment property in the Eleventh
ward for $l4, 900.
Judge w. A. Hudson, of Florence, Ala.
who has his Office in the Fidelity Title and
Trust Company Building, this city, is here
for the purpose of selling a limited amount
of the stock of ty o companies with which
he is connected, and which are located in
Florence, Ala, as advertised in another
column. Judge Hudson reports having sold
about 900 of stock in Philadelphia and
New England cities. A great many Pennsyl-
vania Especially Philadeiphial capitalists
hibits make good showing.
All aboard for Kensington, to attend the
| auction sale of lots there next Wednesday.
The present week may develop something
| tangible in regard to street railway CONSOLE
datfon. 1t was limited yesterday that in the
| event of such a move the Standard Oil Com
DaQV would invest largely IN THESE Secur1-
| ties. 1t should be stated, however, that
| there are those who believe that the talk
will amount to nothing.
While trading in stocks on call was slow
| all week. Office transactions aggregated q
| large total. The new fractions and Ph1la-
deIphia Gas were the favorites.
Advices from London yesterday were
more assuring. New York was stronger, but
| at the close the temper was rather bearish.
The Building Record.
During the past week 81 permits were is
sued, representing 80 buildings, of which 20
were frame, brick and iron-clad, the total
| cost of all being $2s, ,450. The Eighteenth
| ward led with five buildings, followed by
the Fourteenth and Twenty-siKth with three
each.
The number Of permits taken out the
previous week five days. was q, represent
ing % buildings, the estimated cost of all
being $50, ,345. Number of buildings for which
permits have been granted this year to date,
| 1,OO6. Yesterdays list follows:
| Ann Plant, frame one-story addition kitch-
| en-, l5xl5 feet, on Beulah street, Twenty-sev-
enth ward. Cost, about 5000.
Il dTelIinas TIGmss % a1Hsa feet. on Webster street.
| Thirteenth ward. Cost, 81 200.
| J, CORY, frame two-story dwelling, 12x1s
feet, corner Fifty-fourth street and Patrona
alley Eighteenth ward. Cost, $3.50.
| j. Cory, one-story frame addition kitchen,
| l2x12 feet, on Carnegie street, Eighteenth
| ward. Cost, 500
| Movements in Realty.
Baxter, Thompson & Co. sold to J. Davies
a lot on the east side of Miller street, Elev-
enth ward, size 2sx93, for 81 $50 cash.
John X. Ewing & Co. sold for e. G. Holl-
man to Charles E. Eckert, the property No.
| 81 Western avenue, Fifth ward, Allegheny,
being a new two story and mansard brick
house of eight rooms, hall, bath and laundry;
lot 2Oxl2s to paved and severed alley, Tor
| s5 500 cash.
W. c. Beringer 8 Co. sold a lot in Belmont
place plan, Ingram, for $625.
| A. G. Pentecost sold in Valley View plan,
Bower Hill station, CHARTERS Valley Rail
| way lot 22s, with one story building, for $3.50.
Twenty more houses are to go at this place
! Immediately.
Allies s Bailey sold for James Fulton to e.
| McCracken a brick dwelling of five rooms,
| etc. lot 25x4s feet, on Davis street. rear OF
| Lombard street, for 81, ,6O0
| E. S. Fleisher sold for B. H. Lightfoot, in
| Summit View, Brushton, lot No. 25 to Peter
| Harman, and lot No. 26 to W. j. McCutcheon
for $3.50 cash each; also sold in George L. Pea
| body new plan of lots, Chuia Vista, in the
| Twenty-first ward, near Lincoln avenue, lots
Nos. Ii and u, to A II. Ever for 500 each; lot
No. l3 to H. Zimerly for $50, lot No. SO for $3.50,
] on which a new house is being built; also
lots o. 49, "a, 25, 26 and q in the same plan to
a prominent business man. Consideration
| private.
Black s. Baird sold for J. C. schaefer to B.
| H Kreimeier the property situate ut the
corner of Fifth avenue and Boquet street,
| fronting "a feet on Fifth avenue and running
back q distance of 81 feet, for $500. This is
| the same property sold by this firm to Mr..
| Schaefer q few weeks ago for 5000. They
also report sales in Elwood to William 4.
Lang of lot No. $40 for $500; to A. L. Reed, lot
S625; to W. e. Stephenson, lot 632 for $500; to
u, q. Hartley, lot 962 for $500 and to Black