Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-11
CITY REAL ESTATE.
Values Very Low When Compared
With Those in Other Cities.
A BROAD HINT TO SOME OWNERS,
A Break in Duquesne Traction the Prin-
a. cipal Event in Local Stocks.
STATEMENT FROM COMMODORE KOUNTz

| prices. IL is necessity. People must nav
it. cost what it may. Itis the same, way il
| Pittsburg. Business is constantly demand
ing more space, and good sites for stores ar
getting scarce. Bearing this fact in mind
how any one can expect or hope for conces
| sions is more than l can figure out Th
fact is, Pittsburg real estate is cheaper thai
it ought to be, considering the solid wealtl
and wonderful prosperity that arc behint
it, and cheaper than it ever will be again
Foot frontage on our best streets is rated a
from g, 800 to $4, 4,000-dirt cheap in compari
son with values in cities with half the bust
ness and scarcely any of the advantages fol
manufacturing and mercantile operations
| In my opinion there is no better investment
than Pittsburg real estate at present prices.
There Is Many Slip.
Real estate is never sold until the deed i:
| passed and the money paid over. Unlocked
for bitches are liable to occur at every stage
| of transaction. Last Thursday negotia
| tions were begun for the sale of piece OF
Northside property involving almost $780,
600, with every indication that it would be
consummated by Friday or Saturday.
Saturday morning one of the buyers was
called away and did not return until Mon.
day. In the meantime he had found a weak
spot in the title, which put temporary stop
to the dicker. Yesterday this difficulty was
removed but one of the buyers was called
away from the city, causing another delay,
and it may be a week or more before all the
papers are signed: but there is little doubt
that the sale will finally go through.
A Broad Hint to Owners.
The following from Chicago real estate
man has more or less local bearing: "When
the mos. prominent real estate agents in the
city are obliged to turn away investors who
come to them with money in their hands
because they cannot find piece of business
property that they dare recommend
at the price the holder demands,
there is something wrong with the
market. That something is the ex-
travagant ideas that the owners of property
are entertaining. No one supposes that
not for some time. That being the case the
only inducement that can be held out to an
investor to convince him that it is possible
to get fair return upon the money he is
asked to put into a piece of property is to
show him how changes and improvements
can be made in thebuilding SO as to increase
the rent roll. First-class business property
that has price based upon the income it
will to-day return is exceedingly hard to
find, and when it is found there is no trouble
in securing buyer Tor it"
Business News and Gossip.
A subdivision at Hays station is being sur
veyed and will soon be put on the market
The Church of st. John the Baptist, for
which Mr.. j. W. Offerman has prepared
plans, will be at Thirty-second and Liberty,
not Third and Liberty, as printed.
The enormous amount of capital absorbed
by the various industrial schemes offered to
the public in the last six months may in a
measure explain the lack of inquiry for
good railroad bonds.
Pittsburg bank stocks show steady appre-
ciation-a good commentary on the manage
ment of these institutions.
The net earnings of the Northern Pacific
Railroad for the year to date amount to
$s, ,ssa, ,2ls against $s075, 421 for last year.
The New York pool in Chicago Gas holds
$23 600 900 out of the $25, 600 900 capital stock
of the company.
Western Union directors met yesterday
and declared the usual dividend.
Reports of sales of big blocks of local
stocks rarely pan out upon Investigation.
There was no foundation for the reported
sale of 500 shares of Birmingham Traction at
81, or any other price. Yesterday there was
some tall talk of a deal compared with
which the Kountz sale would appear small.
1t could not be run down.
Manchester Traction stock was offered at
the last call yesterday at 3s1a.
The KountZ deal was completed yesterday,
suits withdrawn and stock delivered.
The CLOSES of the United States and
Canada during the month of May, 1891,
amounted to the extensive total of SIG, ga, 1896.
The gross earnings of the Atlanta Consoli-
dated Street Railway Company for the third
week of May were $1S7l5, an increase of S.
t75 over the period in 1880.
The net earnings of the Pittsburg and
Western Railroad for April fell OFF s52, 800 from
D year ago.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
Elizabeth NUM-, frame two-story dwell
ing, l7xls feet, on Ellington street, Thirty
second ward. Cost, 81, 900.
Anton Maidhof, frame one-story and base
ment dwelling, 17x32 feet, on Nail street,
ward. Cost, $780,
L. II. Moelver, frame one-story wagon she'd
l0x20 feet,on Penn avenue, Nineteenth ward.
Cost, $l5.
Union Builders Supply Company, two
frame one-story storage. sheds, f4xla6 feet,
,201 Wharton street, Southside, Twenty-fifth
ward. Cost, 500.
Movements in Realty.
A gentleman who returned from Kensing
ton at P. NJ. yesterday, said a large crowd
was present at the opening sale of lots He
was informed that between 75 and 100 lots
we're sold.
W. H. Wilson sold two fine lots running
through from Hodge to Winthrop street,
ward, 42x16o, for $500 cash.
The following lots have been sold by the
Aspinwall Land Company from their plan at
Aspinwall: Lot No. Sc, to Samuel McClay,
0Oxl25 for 5000; lot No. 291, to Lizzie E.
25x10O, for s325; lot No. 2, to Daniel |
,76x125, for 81, 500; lots Nos 2s3 and
81 to j. C. Emmick, each 25xl00, for $3.50: lot |
No. 324 to William B. Robinson, 25xlo9 for |
800.
Reed B. Coyle & Co. sold lot No 2o7 in their |
Marion Place addition, being 25 feet front on |
oarnell street by an average depth of 14l |
eet, for $4O0. This leaves but 19 lots unsold |
n this plan.
Black & Baird sold to H. 4. Stafford lot No. |
9 in the Alta Land Company plan, on Du- |
luesne Heights, fronting 100 feet on Sweet |
,rier street by 100 in Depth for 800 cash:
Llso in same plan, lots Nos. l3l and I3S for
lO3 80 cash, to Thomas j: Meyers, and also,
II same plan, TO Constantine kradeemer lots
Sos. $50 and 1l6 for $ls0 and to the same
,arty lots Nos. Il9 and III for 1922 so.
S. A. Dickey & Co. sold for A. f. Lawson, to
). d. Mobley. q lot on Copeland street, ,Twen-
ieth ward, 25xl00 feet, for 5000.
Baltensperger Williams sold lot No. 10
n the Weinman plan, Mt. Washington, to
William Miller for $500. Terms, $40 cash and
per month";
Black Baird report further sales in ELL
Wood to Edward Brackmeyer, lot No $50,
or $500; to G. w. Lang lot $50, for $500: to
Arthur d. Morner lot 642 for $500 to L. 1.
lots Nos ST. 97s and S44 for |
!, 800, and to Elizabeth Texton lot 94S for
500.
w. A. Heron & Sons sold a lot 24x1o0 feet.
n Madison, near Thirty-third street. and
ear Central Traction alton, Thirteenth
Tard, for $780,
HOME SECURITIES.