Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-13
A BIG EAST END DEAL.
The Wilkins Property, on Penn Ave-
nue., Changes Ownership.
A VERY FINE MANSION TO FOLLOW.
Business Conditions Present q Healthy and
Encouraging Aspect.
FEATURES Of MONEY AND SPECULATION


taken yesterday. Mr.. Edward Wilkins
sold to John B. jackson, President of the
Fidelity Title and Trust Company, about
! four acres with an old-fashicned mansion on
Penn avenue. between Dallas and Linden
avenues, for $40,O 900.
This is not the original wilkins home
stead, but it has been owned and occupied
! by different members of the family for
many years, and is landmark in that quar-
| ter of the city. It fronts 100 feet on Penn
| avenue and extends back about $50 feet to
Juniatta street. The price, when estimated
on the Penn avenue frontage, $3.50 foot,
seems pretty steep, even for that excep-
| tionally favored popular locality, but when
gauged by the square feet, 104, 900, it looks
| quite reasonable.
1t is Mr.. Jackson's intention to demolish
| the existing building either this fall or
| early next spring, and begin the erection of
an elegant stone mansion, to be finished and
ready for occupancy by April l, 1898.
Before entering upon this deal Mr.. Jack
son had the adjoining property on the east
under consideration at S125, ,0O0, but hitch
occurred. He then opened negotiations
with Mr.. wilkins with the result stated
The Business Situation.
The weeks business opened under auspi-
cious circumstances. Weather was perfect,
making everybody feel like being up and
doing. There was no news to depress but
much to confirm and strengthen confidence
in the soundness of the conditions and ele-
vate faith in the outlook. 1t should be
borne in mind that none of the difficulties
which have occurred in Pittsburg during
the past five months are traceable to exist
ing conditions. All of them, without excep-
tion, are legacies from previous years.
Perhaps the most important feature of the
monetary situation is the continuance of
gold imports. From September II, when
the movement began, up to date receipts of
specie from Europe have amounted to about
S13,O00,000, while large amount is in
transit, and will arrive this week. The cur
rent estimates that within short time ship
ments of at least 910, 600 900, or $50, 900, 900,
from London and the continent will be made
are not negatived by anything either in the
current export movement or the condition
Of the foreign money markets. In fact, it is
to such expectations that is due the remark
able confidence which is the distinguishing
feature of the money market.
General trade remains quiet, but ex-
hibited a decidedly broadening tendency
1t cannot be expected, remarks the Ffpdn-
cidl Chronicle, that after the many adverse
influences and events which marked the
course of affairs between the summer of
1890 and the summer of 1891 sudden and
radical recovery should ensue, even though
the outlook for the future appears very
promising Yet there are distinct signs of
improvement, and SO far as can be judged
from the leading conditions which must
control the course of business during the
next IL months, such as crops, EXPORTS
railroad earnings, etc, the indications
point as strongly to revival of activity as
they did year ago in the opposite direc-
tiOn.
Railroad earnings continue to show large
gains. Important features in these
reports are the small number and extent of
the decreases shown as compared with Sep
teniber a year ago, and the large number
and heavy volume of increases reported
over the corresponding month a year ago.
In all only 30 roads of those reported show
decreases of any kind, and, with four ex-
ceptions, these decreases are slight Rail
road equipment manufacturers and car
works are taking an extremely complacent
view Of the situation.
Business News end Gossip.
The roadbed on the passenger side of the
Monongahela Incline is undergoing repairs.
New York and Cleveland Gas Coal Com
pany stock advanced big fraction yester-
day on the attempt to fill a few buying
orders.
At the last call yesterday Citizens Trac-
tion IS were offered at 1867, with 1O5 bid.
Julius F. Stark has returned from q West
ern trip, and may be found at his Office as
usual
Stockholders of the Mononeahela Bridge
Company, at q meeting yesterday, reelected
the old board of directors.
According to previous announcement, the
capital stock of the Pennsylvania Tube
Works Company was Yesterday increased
from 81 coo, 600 to g 90, ,000 The increase goes
to the old stockholders as stock dividend.
1t was stated that the business outlook was
very encouraging.
Chesapeake and Ohio earnings, first week
October, increase $l9,56S. Northern Pacific,
first week October, increase So, ,407.
Chicago authority predicts that all rail
cents before long, because of the longtime
contracts made by the Baltimore and Ohio
on corn.
The steamships La Bretagne and Umbria,
which arrived at New York yesterday,
brought s., ,6Se,0C0 gold.
Movements in Realty.
Ira NJ. Burchfield sold residence proper
ty on Hazelwood avenue, Oliver terrace, to
w. ID. O'Brien, for $1,000
Reed B. Coyle & Co. sold for Rev. N. j.
Watson a vacant lot on Grazier street,
Twenty-f1rst ward, a5xl57 feet more or less,
for $3.50 cash.
Batensperger & Williams sold toe. W,
Lehhart lot No. 90 in the Weinman plan,
Southern avenue, Mt. Washington, for $3.50.
Bartes, Thompson & Co. sold lot No. lis,
Ruch place plan, Thirteenth ward fronting
on Ruch avenue and extending back l20 feet
to a 20-foot alley, for $3.50.
George Schmidt sold another lot on Miami
avenue, being No. 90 in his Eureka Place
plan, Oakland, to F. d. Morren for $500.
\. u. Byers & Co. sold for the Ridgeview
Land Company to VIM. Hayden, lot l54 in
their plan, Eleventh ward, Allegheny City,
on the line of the California avenue electric
road, fronting q feet on Florida street and
extending through ITO feet TO an alley, for
s575
$ A. Dickie s. Co. sold for j. H. Greig to
W. Whitfield, lot No. l2S Bank of Commerce
addition, Frankstown avenue, Brushton,
40xl40 49, 1C0 feet, for $500.
W. A Heron & Sons closed the sale by
delivering the deed of house 2l2 Coltart
square, near Forbes street, Oakland,
modern brick house, nine rooms, finely
OF Reed & Mental.
Building Record.
Thirteen permits were issued yesterday
for 81 improvements, at an estimated cost
for all of So, ,00o
John z. r. Hobltzer, brick and stone two-story
and mansard dwelling on FORBES street, Twenty
second ward; COST sl5, COO. John r. Welch six
two-story frame dwellings on Berlin street. Nine
teenth ward; cost. g. 0Oc. A. L. Watkins. frame
eenth ward; cost g, 800. A. L. Watkins, two
frame two-story dwellings on Armand street,
Twenty-frst ward; cost, =, Oo9 john Deisenroth,
siOr street, Thirty-trst ward; cost, ~, 300 Paul
Schmidt frame two-story and mansard dwelling
on Excelsior street, Thirty-trst ward cost 81 000.
Robert johnson,