Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
FINANCE AND TRADE.
Another Piece OF Fourth Avenue
Business Property Picked Up.
DEAL In LIBERTY STREET REALTY
The Pro-Cathedral Paroehial School Build
ing Postponed for Year.
HAZELwooD ACREAGE CHANGES HANDS

Captain J. J. Vandergrift has made
another investment on Fourth avenue.
having purchased from DR.. LIE Moyne the
property No 157 on that thoroughfare for
$4,000 The lot has frontage of 25 feet on
Fourth avenue and runs back along Scrip
alley ITO feet. The building is good three
story brick, and is occupied by a number
of people as Offices Confidence in real es-
tate by such q man as Mr.. Vandergrlft
should have a wholesome effect upon the
market This deal is another illustration OF
the fact that local capitalists are turning their
attention more and more to this form OF invest
ment.
Later it was ascertained that the sale was
made by Samuel w. Black q Co. Mr.. Black
said: This was a quick sale the property
tisement, although we did not sell it to the
person Tor whom We were trying TO get prop
erty."
A Liberty Street Deal.
An important deal in Liberty street realty
was consummated yesterday. Mr.. w. c. Stew
art sold to L. II. Smith, of the Smith Willow
wareCompany, the lot on Liberty street, ,2615x1l0,
occupied until the recent fire by the L. b.
Harris Drug Company, for $4,000. MIR. Smiths
business has increased in the last few years SO
fast as to compel him to seek more capacious
quarters. 1t is his intention to break ground
at once on the lot just purchased for an eight
story steel-beam, stone-front building. to cost
about $3.50 The building will be so arranged
as to permit of a classification of the goods, a
system quite common in large Eastern cities,
but rarity in Pittsburg.
Acreage Changes Hands
It was reported yesterday that the Oliver
estate at Hazelwood, between and 10 acres,
n =, -
at price approximating SS5.OOO, the purchaser
being prominent iron manufacturer.
sst
Postponed for Year.
1t 10 understood that the parochial school
building, for which site was recently acquired
on the corner of North and West Diamond
streets, Allegheny, by Bishop Phelan. through
the firm of ]. B. Larkin & Co., will not be COM
meIced this year, owing to sufficient reasons.
There is no purpose to abandon the project,
however. and the delay is only temporary. The
building will be erected next year beyond a
doubt. Plans and money are ready.
A New Business Center.
Wick City, the new suburb of Kittanning, is
forging ahead like a young giant. Charles
Somers & Co. report the sale OF 81 lots there
last week. Outsiders are coming in rapidly.
Plans for 26 dwellings have been prepared, and
they will be started at once. Lots are selling at
the rate of 500 a foot front. A big gasser has
been struck in the immediate vicinity, which
will increase the attractions of the place. 1t is
well known that kIttapning is the center OF
the largest undeyeloped gas field In the State.
Wick City promises to be great manufactur-
ing place. A tract of five acres has been re-
served for large Eastern concern, which will
break ground for plant the coming summer
A lOnQl nrODOsps tn DuilN another.
Mr.. A. P. Miller. of the above-named firm, who
spent several days there last week, said yester-
day: "Wick City is destined to be the business
center of Armstrong county"