Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-10
FINANCE AND TRADE.
improvement In Tone and Business
in Nearly ALI Lines Of Activity.
REAL ESTATE AND HARD Cash.
Speculation Widening and Values Nate
rally Stronger for the Week.
OFFICE AND STREET NEWS AND GOSSIP

OFFICE AND STREET NEWS AND GOSSIP
One Of the gentlemen interested in the
block on Fifth avenue, between Scrip and
Cherry alleys, said yesterday that the re-
port published in this column a short time
ago to the effect that they proposed to erect
an Office building on it was correct, and
added: lowing to leases and labor trouble
we will not commence operations this year,
but hope to have it finished before 1892 rolls
away. The building, as now contemplated,
will be eight stories high. No expense will
structures of the kind in the United States.
1t will be credit to Pittsburg, can assure
you"
Farms Not Dead Stock.
According to Information received from an
expert yesterday, farms are In moderate de-
mand and prices steady, with an advancing
tendency when close enough to the city for
gardening purposes. John M. Pierce sold to
James 7. Gormley lib acres, with improve
ments, In North Fayette township, for Sl2 OOO-
little over S75 an acre. Coal lands have ad-
vanced from 90 to Is per cent within two or
three years.
New Idea in Architecture.
Mr., Harvey Chess, of the firm of Chess Cook
q Co. who recently purchased. through the
firm of Charles Somers q Co., piece of ground
fronting 16S feet on Aiken avenue. with depth
Of 1853 feet propose to erect thereon two houses,
on the scheme of exterior being done in cement
on expanded metal lathing. winch has become
quite popular in interior work in high grade
buildings. The design, under way with Mr..
cooper. the architect, will be in French mo-
tive, and they will be somewhat unique here
abouts. The location. being opposite Walnut
street, will give good opportunity to display
the value and beauty Of this system. Wood
will be as largely tabooed in the construction
as possible, to insure against fire, and the ex-
terror cements will be tinted in solid colors.
The tree-embowere6 surroundings will further
set OF these buildings, since nothing is hand
somer s than ms stone effect against green back
ceive new accession in the architectural line,
which will be watched with much interest by
the building trades. as well as those con-
templ2tinS the construction Of homes.
More Than Holding It's Own.
Oakland property has substantial backbone.
1t is still climbing. J. B. Larkin q Co. yester.
day sold four vacant lots on Ward street for
S., 900, which, three years ago, brought only
S2,S00, The same firm refused an offer of s.. 500
for house and lot in the same district which
three months ago was in the market at $500
These are important pointers to buyers.
Where Advertising Paid.
Promoters OF the new town of Ksnsington
are meeting with great success Streets and
avenues are being graded and sidewalks laid.
The Allegheny Valley Railroad engineers are
At work on the switch, which will be one and a
half miles long, and laid so that manufacturers
can have materials Of all kinds delivered direct
from all points on their respective premises.
Orders have been issued for all trains to stop
at Kensington after Tuesday night; and the
company is now having plans prepared for a
lor ond han RI hnr1 r 10 ha nf
BRICK with brown sand stone trimmings, and
work will be commenced upon 1t the latter
part OF the month. The Steel Wheel Company
has already let the contract for their building,
and a contract has been let by the parties who
have Kensington in charge for q fine once
building and Is attractive dwellings for work
men. BY the judicious advertising done In
The DISPATCH In the last 10 days. the com.
pany has secured over 20 applications for sites,
among them being some Of the largest manu-.
featuring Nncerns In their line in the city.
This town n only IL miles from Pittsburg on
the Allegheny Valley Railroad.
Red-Headed and Hopeful.
business authority makes these cheerful
observations: "With good crops the rate for
money will be o minor considerations for credit,
q much more important factor. will be abund.
ant and prosperity will be SO general as to make
dollars move quickly and set IN motion all the
wheels of industry, It will be no time for q
speoulator to be bull on one class OF securities
and bear upon another. for the markets will
move In unison. Prosperity will beget invest
ment, investment will absorb street railway
bonds and enable many more companies to
change from horse to the electric system;
copper stocks will feel the stimulus Of old-time
prices for ingot"
Business News and Gossip.
The property on Rebecca street, sold by
Thomas McCanrey, brought $4,000. instead Of
$1,000, rs printed.
John K. Ewing, the real estate man, has gone
to Chicago on . short business trip.
The largest mortgage on the Recorders file
yesterday was for 600. Of40, each OF IL was
for less than $1,000. Sixteen were for purchase
money.
Eleven lots in Ira N. Burohhelds oliver ter.
race plan, Hazelwood- were sold during the week.
The plan will be formally put on the market on
Tuesday by advertisements In The DIsPATCH,
The electric light company at Edgewood is
soliciting the citizens for subscriptions to de-
other year-about S600-the authorities being
unwilling TO pay this amount out Of the treas.
ury for this purpose.
floor of the Oil Exchange were two boys, both
Bond quotationsi Citizens Traction 6s, lo4
bid. l0s asked; Pitbsburg Traction, general, l02
Those who are disposed to dabple in Electric
stock had better 60 slow until light IS officially
turned on. It Is easy to give an old story
new meaning.
Metropolitan National Bank at no.
The books Of the Westinghouse Electric
Company were closed Yesterday. and will re-
main closed until after the meeting on May l9
The railroads continue to report good earn.
ings, and this notwithstanding the light grain
tonnage % compared with last year. The in.
ference is that the movement Of general freight
Ia large and that rates are well maintained.
At Boston yesterday Electric closed at 15N
bid, offered at l5K.
A call has been issued for meeting of stock
holders Of the Charters Valley Gas Company
on Tuesday next May IL at3P. M.
The Building Record.
During the week q permits were issued. re.
presenting 85ibuildings-14 brick and 81 frame,
the total cost of all being s4S S94 The TWEEN.
meth and Twenty-hrst wards led with i've
buildings each followed by the Fourteenth and
Nineteenth with four each.
The number of permits taken out the preyi.
Gus week was 90. representing "a buildings. the
estimated cost Of all being SlO4 go Number
of buildings for which permits have been
granted this year to date, ST.. Yesterdays list
follows: Charles L. King. two brick two-story
dwellings lS12xS6 feet each, on Willow street.
Twenty.third ward. Cost, 81, 900.
John Pedder, frame two-story dwelling, 2Sx32
feet. on Kerns street, Thirty-ffth ward. COST
1000
Timothy Golding, frame one-story storeroom.
16x2s feet, on = Olympia street. Thirty-seoond
c. R. Rhodes frame two-story and attic
dwelling, lSx40 feet on Almeda street, Twen.
ty-third ward. Cost, sl,700.
John M. German, frame addition, two-story
dwelling. l2xlS feet, Kelley street. Twenty-hrst
ward. Cost sl26