Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-19
POINTS IN REALTY.
A Number of Interesting Deals in the
City and Outskirts.
MANYNEW BUILDINGS UNDER WAY
Over Twelve Hundred New Enterprises Or
ganized During October.
THE OUTLOOK FOR IRON AND LUMBER

frame house, has been purchased by john
Montgomery at price approximatlng
So 500. This is one of the finest residence
properties between Pittsburg and Sewick-
ley.
DR.. T. w. D. Heber has bought lot
50x160, on Rebecca street, Shadyside. AZ
$50 foot front, upon which he will erect
residence in keeping with that affiuent
locality early next season.
Dr. Charles Scott, the Penn avenue
dentist, has purchased residence properly
in Boulevard Place, East End, for so,ooo'
October's Good Record.
The United States Corporation Bureau
makes the following exhibit of new enter
prises established in the United States Tor
the month of October, 1891: Total corpora
tions, 1,245 Total capitalization, S5o4, S64,-
1856, distributed as follows:
"epname eompanies ~ I a'.............s es. .2s47 7ae
Banks % m and Investment companies ,oo
osIo smeltine Stiner compsnies, a ss. 1os JIG 900
Coal anfi iron companies, 20. II, Isl, 100
Light, heat power and transporta- .oo
tion companies, Co.,. 104 $50 guy guy
irrinn tion ~ . 2542, 400
Instantaneous companies, 425 49,. 66,2l0,T0
The Outlook for Iron.
There is no dependency in the iron trade.
Railroads are already placing orders TOR
rails and other equipments. A prominent
manufacturer says ofthe outlook: ''The gen.
eral outlook for trade is healthy and in the
main encouraging. Indications all point to
prosperous business next year. There can
be no question but that in many lines man
ufacturers will be taxed to their utmost ca
pacity."
Points in Lumber.
The lumber trade is active for the season,
the building period having been greatly ex-
tended by reason of good weather. A local
dealer said Yesterday: 'tMost of the yards
are carving full stocks of building material.
Prices are steady. There is in the wholesale
branch a noticeable strengthening OF tone IN
the higher grades of lumber. There Is the
utmost confidence in regard to an active
market next spring, provided there are no
fresh labor troubles"
Declared Against Skyscrapers.
Public sentiment in Chicago has turned
against unreasonably high buildings known
as "skyscrapers." Public health and safety
have protested, and the Real Estate Board
of that CITY has finally succumbed. At
the regular monthly meeting of the board
last week it was decided that the Public
Service Committee use its best efforts to Sc
cure the passage of an ordinance limiting
the heights of office buildings to $50 feet, of
mercantile buildings to ten stories, and OF
family hotels and apartment houses to 100
feet. The resolution to this effect was a
compromise measure.
Business News and Gossip.
Pittsburg is full of building schemes for
next year. Should there be no labor trouble
great progress will be made in providing
homes for the people.
Improvement of the streets has enhanced
the value of Edgewood property fully 20
| per cent. 1t always works that way.
1t has leaked out that the pressure of the
Williamsburg gas well was greatly exaggeI.
ated, and that the S75, ZOO offer for 1t was
| purely imaginary.
Four building permits were issued yes
terday for the same number of improve
ments, all small the estimated cost OF all
being placed at So, 400
Investors would not forget that several
pieces of valuable property will be offered
at the Real Estate Auction Board Rooms
at o'clock this afternoon.
Charles Andrews will build block of
ten houses in Sharpsburg next spring. He
| thinks the introduction of rapid transit
will give that place quite lift.
James C. Fox has sold to Thomas Fox a
tract of land in Charters township for
$4,000.
w est Bellevue is looking up. Between
| 20 and 80 dwellings are under way, nearly
! all of which will be finished this year.
w. NJ. Pollock, of NJ. F. Nipple & Co.,
! is building a nice residence on Buena Vista
street, Allegheny. Several other houses
| are going up in that locality.
Reports to the contrary notwithstanding,
| it can be stated authoritatively that the
| Leonard property has not yet changed hands.
Birmingham Traction stock. Duquesne
was offered at 1917.
Andrew Caster sold $1,000 Allegheny
County Light bonds at 1O3 and interest.
John b. Bailey sold 1876 shares Bank Of
Pittsburg stock at 95x, ex-dividend.
| Exposition bonds were offered yesterday
at 95.
Buffalo, Rochester and Pittsburg earnings
| for week ending November Z, S51, 1853; from
January 1 to date, g: 500, $40; increase, $500,
0S8
| Movements in Realty.
| A. T. Byers & Co., sold for the Ridgeview
Land Company to A. A. Welsh, lots Nos. 16;
and 1854 in their plan on the line of the Cali
fornia avenue electric road. Eleventh ward
| Allegheny City, having a frontage of 60 feet
| on Florida street and extending through III
| feet to a 20 foot alley, for $780,
Black & Baird sold to Frank Morris, lo'
| No 10 in block 81, in the Denny Estate plan
| in the Thirteenth ward, having a frontage
| of % feet on the north side of Melwood ave
| nue. by a depth of 100 feet to an alley, with q
| small house thereon, for 5000.
| Allies Bros & Co. sold for William Schling
man to J. Faushold property corner Carson
| and Twenty-first streets, ten rooms ant
storeroom, brick business property; consid
Grafton, $1,000 cash.
| A C. Watkins
| IL, in the Aliquippa place plan for 500.
The Burrell Improvement Company report
the following sales of lots at Kensington:
| M. Smith, Dennison, O.. 10 feet northeast o
lot IS and all of lots 81 and 3s, block 9, fol
| al. .0oS 25 cash; John F. Maloy, Pittsburg, lo
rs. block s, for ST. l2O; Mrs. Floretha Heasley