Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-23
AN IMPORTANT DEAL.
Ten Acres Leased and One Hundred
Dwellings to Be Built.
BOOM FOR THE THIRTEENTH WARD.
A Loud Call for All-Night Cars on the
Second Avenue Street Railway.
THE FEATURES OF LOCAL SPECULATION

| Captain Ward estate, in the Thirteenth
ward, about ten minutes ride from the
| Court House, upon which they will erect 100
| dwellings, work on which will commence as
soon as the carpenters strike is over.
Papers will be passed to-day. Names and
particulars will be furnished early next
week.
This will open up considerable territory
that has been in the background for several
years, and enhance the value ofsurrounding
property to the benefit of the entire COM
munity. The names associated with this
project are guarantee of complete success.
Where Night Cars Are Needed.
Many prominent people, among them sew
eral well-known manufacturers, are strongly
of the opinion that the Second Avenue Rail
way Company can do great deal toward
developing the Twenty-third ward by run
ming all-night cars, one or more, as needed,
to give working people living there and
employed in mills downtown an opportunity
to reach their homes when their work is
over.
The point made is good one, and the Sec
ond avenue people should take it into con-
sideTation. Night cars might not pay at first,
but they would in the long run by build
ing up the territory along the line of the
road. Daylight travel would also be aug
Business News and Gossip.
The erection of business block on Shady
Lane will no doubt stir up things in that
quarter.
The new paper money will be printed on
paper which will have silk fibre instead of
silk threads as now, and there will be less
engraving to hide it.
Foreign houses, while predicting some fur
ther gold exports, agree in saying it is get
ting harder every day to sell bills, which
may mean that the end of gold exports is
near at hand.
Home-seekers should not overlook the
Sunny Side plan of lots, just opened by Reed
B. Coyle & Co. The Bellevue electric road
will traverse this property.
The dividend just declared by the Chicago,
Burlington and Quincy directors will come
out of the company's surplus, which has
been kept well intact for such lean periods
as are now being experienced.
j. C. Allies, of Allies & Bailey, on the sick
list for some time, was on the street yester-
day hustling with his accustomed vigor.
The Santa Lucia mines, in Honduras, in
which many Pennsylvania coal people are
interested have been sold to an English
syndicate for f300,000
Twenty-seven business houses in different
cities in the country which have passed the
century mark have formed society to be
known as "The Association of Centenary
Firms and Corporations of the United
States" Headquarters are in Philadelphia.
A block of 100 dwellings in the Thirteenth
ward will give that quarter quite lift. The
Fourteenth will have to look to its laurels.
There was no Underground Cable in the
market yesterday at 64.
Duquesne Traction was offered at 2O4,
with 20 bid. For Birmingham 20H was bid,
and for Manchester 3715.
Pittsburg and Birmingham Traction 40
year 5S were offered down to 951a, with 80 the
best bid.
Secretary Foster saws the treasury will be
able to meet its immediate demands without
calling on the banks for any portion of pub
lie funds now held by them.
Bond quotations: Citizens Traction IS, los
bid, los asked; Pittsburg Traction 5s, 1929
bid, 104 asked.
only two building permits were issued yes
terday, each for an addition, the cost of both
being only $400.
Movements in Realty.
Charles Somers & Co., who represent the
Development Company, of Staun-
ton, Va, who are opening up a subdivision
of that city, will take delegation of Pitts
burgers down there to attend the opening
sale OF lots June and 8. Staunton is in the
midst of the historic Shenandoah Valley. 1t
was there that Sheridan made his famous
ride which resulted in the defeat of General
Early. 1t will be a pleasant trip.
Jdul0S w TO- sou an interest IN q |
highly prosperous retail business in thriv- |
ing manufacturing town on a line of railroad |
near the city for 5000 cash; also lot in the |
newly opened section of the East End for a |
price approximating 5000; also a lot close to |
the parks, in the Third ward, Allegheny, 20N |
i0feet, for s. 600; also five additional lots in
the new plan of Munhan Terrace, at Home |
stead, at an average price of $500 each; also |
sold collateral interest of S3,0O0in property |
IN an adjoining county and two of 50 500 in |
5he city of McKeesport.
A. j. Pentecost sold for the estate of Jacob |
Heids' heirs lot 151 in Robinson's plan, High |
street, Seventh wasd, Allegheny, with two
story frame dwelling for 81, 800
Liggett Bros. sold a lot on Holden street.
twentieth ward, 25xl40, for $500 cash.
Black & Baird sold for S. S. Jackson to S.
Dunlap the property No. 81 kirkpatrick
street, Allegheny, being two-story brick
dwelling, with lot 22N1l0 feet, for So 500.
Reed B. Coyle & Co. sold for j. D. Craig lot
No. in his plan at Marion station, Twenty
jhird ward, being 25x75 feet more or less, on
30-foot street, for $3.50.
W. A Heron & Sons sold q corner lot, lO4x
z feet on Hutchinson avenue. by 100 feet
ieep to 20-foot alley, in the third plan of
OTIS of the Wilkins estate. The purchaser
will build on the same in short time.
J. Z. Glass sold for A. c. Watkins to
Charles NJ. Vance and James Neely, of
Pa, lot No. 8 in the Alliquippa
,lace plan for 800.