Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-17
FINANCE AND TRADE.
Some New and Interesting Features
of Local Speculation.
ACTIVITY In OAKLAND DISTRICT.
Industrial Securities Again Finding Favol
With Investors.
OFFICE AND STREET NEWS AND GOSSIP

Real estate is quite lively in the Oakland
district Of the Fourteenth ward. Mr.. Will
lam Wood has sold 80 houses there within
18 months, and a number have been resold
lately at advanced prices by owners whose
business called them from the city. among
whom may be mentioned Rev. Gross, 81. G.
McGilton, of the North American Construc-
ton Company, and Lawyer John Scott.
Values for good building lots range from
500 to $500 foot front, according to foca-
ton. The top figure realized so far is about
S4O0. This is the asking price on Fifth ave-
nue.. Choice building sites are rather scarce in
| and Immediately around Oakland.
Industrial Securities Looking Up.
While the market for railroad shares has not
| yet recovered from the slump of last fall,
| caused by the disturbed condition of the money
market Industrial securities seem to be IN
| high favor. not only with speculative interests
| but with investors well. Since January l,
| 1891 the public offerings of shares and securi-
ties In corporations formed to take over COM
mercial or manufacturing interests have
amounted to some 100000. while the total
capitalization represented by the concerns in
question is well up to 10000 in amount.
This too includes only the amounts of such
securities offered in the New York market. and
excludes all which have not been presented
through the auspices of banking interests of
position and reputation. 1t is altogether prob
able that within a short time not only will the
volume of industrial securities be greatly in
creased, but their position and activity In the
share markets will become one of great import
ance.
Business News and Gossip.
A big ejectment suit is the coming sensation
in Lawrenceville. 1t is outlined in another
column.
Two frame dwellings have been started on
Franklin street, opposite the Catholic Church,
Williamsburg.
A. ]. Lawrence & Co., the new brokerage
firm are in full swing at 81 Fourth aveuue.
Many lots have been sold and considerable
building is under way along the line of the
Castle Shannon Railr Dad. Adequate means of
locomotion will draw people anywhere.
The tax valuation of property in Edgewood
borough is about s50O,0 600 The actual value is
The largest mortgage on file for record yes
terday wa was for s7OoO Each of u was for less
The Yoder Land Company proposes to ex-
pend 100000 in improving Ardshiel Terrace,
Shadyside. 1t is the intention TO make it
irst-class residence location in every respect.
Several real estate agents have properties
which they think would suit the Italians who
are talking of colonizing on the outskirts.
On next Monday John D. Bailey will occupy
room No. Exchange building He has the
"
afternoon at $3.50 O'Clock.
w. L Muslin, at the last call yesterday,
offered to trade Philadelphla Gas even for
Electric.
Money raised on mortgages is being largely
used for improving vacant land. The rate
ranges from $40 to per cent.
Pittsburg Traction Londs were offered yes
terday at l04, with l02 bid.
George b. Hill & Co. solo So. 600 Allegheny
Valley 7-3Os at 1895. and 81. 000 Pittsburg and
Connellsville rs at llS1a. q,
The Building Record.
Permits for the erection of the following
new buildings were issued yesterday:
Patrick Lynch. frame addition, two-story
dwelling, lSxls feet, on Eva street, Twentieth
ward. Cost, $500.
]. NJ Brown frame two-story dwelling, l7x32
feet, on Duncan street. Eighteenth ward. Cost,
sl,3o5
Henry Bould, two frame additions, one-story
Kitchens l0xl2 feet each. on Flower avenue,
Twenty-third ward Cost, SIS.
E. W. Houston, brick two-story and attic
dwelling, 2lx3l feet, on Sheridan avenue, Nine
teenth ward. Cost, $3.50.
Isabella Smeigh, frame two-story dwelling
2Ox32 feet, on Holden street. Twentieth ward
Cost, 81, $50.
Emma Rodgers. frame one-story store. l2xl4
feet. on birmingham avenue, Twenty-seventh
George Sucking two frame two-story dwell
ings, 16x30 feet each on Cedar street, Twentieth
ward. Cost. $4,000.
William Yasle, frame twostory dwelling.
20xS2 feet, on Edmond street, Sixteenth ward. |
Cost, s., 600. |
I. P. Hershberger. brick addition two-story
dwelling, l6x31 feet. on Western avenue, Thirty
sixth ward. Cost, $400.
Antony Sander, frame two-story stable, 24x3O
Cost, $50
Antony Sander. frame two-story dwelling.
16xS0 feet, on Boundary street, Fourteenth
ward Cost $500
Mrs. Jennie b. Figley, four frame one-story |
and basement dwellings, 12x35 feet each, on |
Elizabeth street, Twenty-third ward. Cost, |
81, $50.
Movements In Realty
s. A. Dickie & Co, East End, SOLD for Mrs. |
Margaret M. Turner to Robert W. Anderson, a |
six-roomec and attic frame house, with lot 25x |
ll2, on Susquehanna street, Twenty-fi ward, |
for $780,
G. A. Murdock sold house of five rooms, |
with lot 25xl00, at Duquesne Park. for 81, 400 |
cash.
Black & Baird sold to J. B. Kennedy for Will |
liam P. Linhart, lot IN the ThIrty.fifth ward, |
having frontage of So feet on Plymouth |
street and extending back distance of l25 |
feet, for $500.
Magaw Il Gotf, Linn. sold to George A. Hook |
lot 2oxl20, in the Elwyn plan, Pittsburg and |
Castle Shannon Railroad, for sl50, on easy pay |
ments.
w. A. Heron Sons sold lot No. ia, in the |
Bissell plan. Eighteenth ward near Fifty-thIru |
street. for 1892 so cash. There are but few lots |
remaining unsold in this plan out of several 1
hundred.