Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-12
POINTERS ON REALTY.
No Doubt at All as to the Encourag-
ing Aspect Of the Outlook.
FACTORS ATTRACTING BUYERS.
Drift of Opinion Concerning Mr.. Westing-
houses Reorganization Plan.
OFFICE AND STREET NEWS AND GOSSIP

OFFICE AND STREET NEWS AND GOSSIP
As shown by reports of sales in this column
last week, the market for real estate is an
improving one. No one doubts that the
growth of the city is permanent; her vast
natural advantages for manufacturing
cheaply and expeditiously are sufficient to
secure for her u practical exemption from
the vicissitudes of fortune. There is no city
in the country that comes so near being self
sustaining.
These are the factors operating to sustain
land values. The certainty of business and
work here the year round is attracting out
siders to buy or build homes. During the
last two weeks at least three wealthy busi-
ness men have purchased fine residences in
one OF the outer wards and will occupy them.
ddney, as well as citizens generally, have con-
may be trammeled by causes wholly inde-
pendent of business Conditions, as is the
case at present, but with demand for bust
mess mess s,rmas Td ahM dwellings out OF AL orai
danger OF reactionary movement. The in
stances given last week of owners putting
hlgher values on their property confirm this
opinion.
1t is never too early or inopportune for
the home-seeker to act His greatest ma
terial need is n home of his own where he
can set up his lares and penates and be inde-
pendent of landlords, he and his family
after him. 1t Is doubtful II he ever will
have better opportunity to become pro.
prietor than the present time affords. Good
and cheap lots may be had i'll every quarter
of the city and surrounding districts, but
the supply is not inexhaustible. They nre
being. picked up very fast. More than LOCO
have been purchased and withdrawn from on
the market within month. With such u de-
mand prices must harden, therefore
home-seekers can gain nothing by delay;
The public sale of lots of the Munhall
Valley Land Company near Munhall station
and Homestead. was decided success. A
very large number of people were in attend
ance and showed their interest in the prop
erty by active and spirited composition in
purchasing. Thus fur forty-three lots have
been sold at prices ranging from $3.50 up to
$780, A few of the more irregular lots
brought about $l25 each. The projectors OF
work and congratulate themselves in hav-
ing secured the services of James w. Drape
Il Co. to manage their interests.
very valuable deposit of iron ore has
erty, which it is expected will prove of i'm
mense value to the owners. If the deposit
turns out to be rs extensive as it looks, there
will be big bonanza in this venture.
Business News and Gossip.
The new NJ. Z. Church on Mt. Washington
is so nearly completed that dedicatory serv-
ices have been arranged for June 10.
Messrs. John H. Davis & Co., bankers, and
others, offer for subscription $500 900 of the 8
per cent preferred cumulative stock and
$500, 600 of the common stock of the John B.
stetson Company, which is organized under
the laws of the State of Pennsylvania. This
corporation takes over the business of John
B. Stetson & Co., of Philadelphia, the leading
fur hat manufacturers of the United States.
The future earning capacity of the business
is assured by the results for "a years past,
each successive year showing a large and
increasing profit. Investors are referred to
the advertising department for details.
The largest purchase money mortgage on
the file for record yesterday was for $4,000,
placed by Owen Mccarthy with the Fidelity
Title and Trust Company.
There was demand for Electric Scrip yes
terday at go and 60%
The fractions continue to come forward as
strong, active factors in local stock trading.
Nearly all of them were fractionally higher
Yesterday than at the close on Saturday.
Concerning Westinghouse preferred, q
broker said yesterday evening: even if the
proposed plan be adopted, as is probable, it
stock ready for the market if it ever gets
there, and in the meantime, think, the bulk
of it will be secured by Eastern parties who
are on the ground floor"
Kuhn Bros. bought l4O shares of Duquesne
Traction at Is.
. The Third National Bank has declared a
S6m1-annual Q1NlU6nO OF per c6nU.
e. B. Hill & Co. sold 100 shares Westing-
house Electric in Boston at 15.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
st. Peters R. c. Church, brick two-story
church, 40xs0 feet, on Tunnel street. Fifth
ward Cost, $1,000
Mrs. Catharine Miller, frame two-story
dwelling, I6x3O feet, on Keystone street.
Eighteenth ward. Cost, $3.50.
Mrs. Maggie Aber, frame addition one
story dwelling, 22xSO feet, on Reynolds street,
Twenty-second ward. Cost, $500.
Trethewey Manufacturing Company, IRON
clad addition one-story forge house, 3Sx60
feet, on Home street, Seventeenth ward.
II c. Jones, frame two-story dwelling, lsx
% feet, Everett ST., Twenty-frst ward Cost,
$40
Mrs. Mary Fitzpatrick, frame two-story
dwelling, 20x30 feet, Forbes street, Four
teenth ward. Cost, 500.
Nicholas Booklcimer, frame addition one
story dwelling, 10x12 feet, Greenleaf street,
Thirty y-fourth ward. Cost, $3.50
Theodore Gilbert, frame addition two-story
dwelling 2oxl5 feet, plymouth street, Thirty
fifth ward. Cost, $780,.
Mrs. Jane Elliott, two frame two-story
dwellings, 1215x3o feet Rowand street, Twen-
ty-first ward. Cost $1,000.
Movements in Realty.
Baltensperger 4 Williams closed the sale
of the following lots in the Kreiling plan,
Tenth ward, Allegheny. Lot No 3 to james
Potter, No. l to John Potter, No. to John
Benkart, No. 5 to Hugh Wallace, No. 2 to
James Wallace, No. 43 to Charles Meininger,
No. 80 to John d. Eisenberg, No. 20 to John
L. Morris and No. 81 to John Short
Black & Baird sold to 2. Hutton for E.
House, Jr, lot No. 81 in the John Brown
plan, Thirty-first ward, for 1915 cash. Mp.
Nye purchased lot No. n, Ellwood City Tin
"Pittsburg Circle"), and has about COM
pleted a very neat Queen Anne dwelling,
which he will occupy at once. Black &
Baird are offering great inducements to ELL
wood purchasers, and say that Ellwood is
the best located town site they have ever
seen.
S. A. Dickie & Co. sold for c. T. Harvey
lot in the Bank of Commerce addition plan,
Brushton, situate on the north side of Ben
nett street, 40xl39 feet to an alley for $3.50
Allies & Bailey sold for J. H. Kohlfage to
Wilkenetz & Hemmerling q lot on Wandless
street, Thirteenth ward, size 53xS9 feet, for
s., 900 cash.
Magaw Goff, Linn, sold through Camp
bell & Co., lot 25xl20 in the Elwyn plan,
Pittsburg and Castle Shannon Railroad to
B. L. Lee for 500.
HOME SECURITIES.