Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-24
AN EYE TO BUSINESS.
Visitors Take in the Sights and Also
Dicker for Real Estate.
STREET TALK ABOUT ELECTRIC.
New Towns Offering inducements to Man.
u%facturers, Great and Small.
OLD LAFAYETTE HALL IN THE MARKET

Fair weather and the Washington Monu-
ment ceremonies drew a multitude OF people
to the city yesterday. The streets were
thronged, and patriotism and mammo con-
tended in a friendly spirit for right of way.
Banking houses and the Exchange were
closed. All of the real estate offices were
wide open most Of the day, and were
crowded. A number OF new deals were
started and some old ones closed. There was
a good inquiry for residence sites. A num-
Der of owners OF property in the lately sub
merged districts left orders to sell. House
hunters were numerous and urgent. The ma
Jority of them were ladies, and they were slow
TO accept no for an answer. Ithas been SO often
stated as to render repetition unnecessary that
tenement houses OF moderate size and cost are
extremely scarce. This will cause fewer
changes this year than usual. as many will re-
main in their present quarters rather than run
the RISK OF doing worse.
So
1t Is In the Market.
The report that theTradesmens' National Bank
had purchased Lafayette Hall quite recently is
a mistake. The deal was made about two
years ago, before the bank purchased the
corner now occupied by 1t. The price paid was
$4,000. On this subject Mr.. John w. Heron
said yesterdays: when the bank purchased
lafayette Hall the intention was to occupy it,
but subsequently acquiring the corner at about
the highest price ever paid tor property In
fittrburg. this purpose was abandoned. Inc
bank building will soon be enlarged by extern
sion on Fourth avenue which will take IN the
entrance to Lafayette Hall and also the office
of w. L. Jones, the insurance agent. Lafayette
Hall is in our hands for sale"
Development of New Towns.
Business cannot be fiat on its back when an
unprecedented number of new towns are spring
ing into existence. 1t takes money to build
them, and there must be evidence in the
future to Justify this outlay. Western Penn
sylvania is greatly favored in this respect. Not
since the booming days of the petroleum ex-
citement has public attention been SO concen-
trated on town-building. The SUNDAY DIS
PATCH contained an account of the new towns
of Avonmore, in Westmoreland county, which
starts under highly favorable auspices. An
other town just coming into view is Kensing-
ton. The country tributary to it is rich in all the
elements of wealth. Other towns in course of
evolution, are Dawson. Jeanette, Parnassus.
Charleroi, DuQuesne, Wilmerding and Walls.
All of these are in the immediate vicinity of
Pittsburg, whence they will draw their supplies,
and thus swell the business of the city. All of
these places are peculiarly adapted to manu-
featuring purposes. This fact alone is sufficient
to dispel the delusion entertained abroad that
manufacturing sites in and about Pittsburg
are scarce. The country is full o. them.
The Status of Electric.
There was little talk about Electric yester-
day and no new de yelopments. The Exchange
was closed, and the street and office pulse was
all that could be felt, and it was about normal.
The East is loaded down with the stock. and
the local crowd shows little disposition to take
hold. There may be a spurto activity to-day
or any time before Saturday. when subscrip-
tons. as now understood, will close on pre-
ferred stock, but the chances favor a quiet
markat until that time lr ls Still asserted
IN some quarters that the Westinghouse,
Thomson Houston and Edison companies
will be consolidated, and the frequent confer
ences of the heads of these companies In New
York give a show of credibility to the report.
The outcome will soon be known, and then a
new deal will be in order.
Good Outlook for woodworkers.
A local lumbez dealer says heavy building
contracts at many places. and the sprinRing up
and development of new towns in all parts of
the country will increase the demand for wood
cottages. The building movement IN Chicago
incident to the Columbian Exposition is very
active. In addition to these calls for timber
supplies, the construction of the Nicaragua
canal docks and harbors and of new ships, and
the supplying OF losses by fire, will increase the
home demand for lumber. Woodworkers may
as well prepare for Industrious times.
Movements in Realty.
Ira NJ. Burchheld sold a house and lot IN
Hardwood, Twenty-third ward. for $1,000
cash.
Al. Peutecost sold lot As, in Pentecost's
plan. Valley View, CHARTERS Valley Railway,
for S175.
John K. Ewing d Co. sold for Mrs. Elizabeth
Frederick to Fred Schultz The property No. 3I5
East street, Twelfth ward, Allegheny, being a
fOur-room frame house with frame stable, lot
25xl4S. extending through to Howard street.
Consideration $500.
Charles Somers & Co. sold for the Misses
Speer 10 EphraIm Clay. d residence property
situated on Grandview avenue. DuQuesne
Heights. consisting of lot 25xl50 feet, with a
neat two-story frame house of six rooms. Con-
sidsration, $1,000.
A. 2. Byers & Co sold for Lawrence A.
Thompson to Mrs. Mary Behrhorst, a new
Queen Anne frame house of eight rooms, re-
ception hall. bath and all conyeniences. with
lot rs feet s inches front by 100 feet deep, L.
Gated on Perrysville avenue, on line of electric
cars, Tenth ward, Allegheny City. Considera-
ton. $1,000 cash.
s.. A. Dlckle & Co. sold for ]. w. Kirker to E.
J. Stoner. improved property on Grafton street.
Nineteenth ward, two-story and attic frame
house with lot 57xl43 feet, for $1,000.