Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-05
IA TALL STRUCTURE.
The City to Have Skyscraper at the
Corner of Fifth and Grant.
A 12-STORY BUILDING PLANNED.
New and Important Industtrto Be Estab-
lished at Jeanette.
FEATURES OF MONEY AND SPECULATION

such as they have in Chicago, but good
starter. 1t was given out yesterday that
Park Bros, purchasers of the McTighe, or
Magee, block, corner of Fifth avenue and
Grant street, will early next spring begin
the demolition of the old buildings pre-
paratory to the erection of a history busi-
ness and office structure covering the entire
lot, which is 100 feet square. This will be
the tallest building by three stories in the
city, and, occupying commanding position
on the summit of the "hump," it will be
even more conspicuous than the Court
House. 1t is needless to say the building
will be first class in all of its appointments
and arrangements.
Much interest is taken by property own
ers in the locality in this important enter
prise They think it will give powerful
impulse to real estate in long neglected
quarter, lead to other improvements and
place Grant street in line with the progress
sive thoroughfares further down town.
Boom for Jeannette.
Jeanette is to have new and important
ndustry-something unique in these parts
which will add largely to its manufac-
turing Importance. A company has been
formed for the erection of plant for the
manufacture of rugs, seal plush and astra-
chans in imitation of animal furs, with a
capital of 100000. Hon. Alfred Hugg, of
Camden, n. J., is president and chief pro-
moter of the enterprise. Ground has been
secured for the necessary buildings, which
will be erected as soon as possible.
The Allegheny Church Deal.
Details of the NJ f. Church deal in ALLIE
gheny are interesting. Several sites were
considered at different times on options Sc
cured by James w. Drape q Co. One on
to the exorbitant price asked, it was
dropped AT the last moment overtures
that had been instituted early in the quest
for the property on the corner of Allegheny,
avenue and Beech street, known as the
rink, 200x137, were reopened by the ap
pearance of Rev. DR.. Paxton, of New
York, one of the Denny heirs, upon the
scene, who met the church committee and
made such concessions as led to the closing
of the deal at S65,000. Ground will be
broken at once for the building.
An Outsider Comes In.
W. I. Mitchell has sold his residence
property on Trenton avenue, Williamsburg,
to William Douer for $1,000. Mr.. Mitchell
will build at once on the opposite side of
the avenue. Mr. Douer has been in busi-
ness in Chicago. He will be valuable ac-
QUESTION to this community.
Business News and Gossip.
Rapid progress is being made on the new
NJ. E. Church edifice at Williamsburg. 1t
will soon be under roof.
George Williams has purchased an acre of
ground at Homestead, and will put num-
ber of dwellings on it next year.
n. w. Harris & Co., New York and Chi
cago, have purchased the Muskingum
county (Ohio) bridge 5 per cent semi-annual
fourteen-ffteen-year bonds to the amount of
$50, 900 at premium and accrued interest.
The total amount of gold received since
September II is nearly S22, 900, 900, with
nearly S4, 900, 900 on the way.
AT recent auction sale Of bank stocks In
New York, the following prices were real
lied: Twenty-Five shares Bowery Bank,
500 each, sos; 20 shares Corn Exchange
Bank, 500 each, 241; - shares Chatham
National Bank, S10O each, 420.
Duquesne Traction was bid up to 12I
yesterday, with none offered. The good
business on the Williamsburg branch ac-
counts for it.
The Exchange and the Citizens National
Banks announce dividends, the former 4
and the latter 3 per cent, both semi-annu-
allv
William montgomery mas Deen elected
Cashier of the Allegheny National Bank in
place of the late f. c. Hutchinson.
Movements in Realty.
Liggett Bros sold for Sarah L. Hitchcock
to W. NJ. Granger two lots, 5Ox1S0 feet each,
on Atlantic avenue, at a price Approximate
ing $57 30 per foot. They also sold for Thos
j. Hawkins to W. NJ. Granger a lot, 50xl30
feet, adjoining the above; consideration the
same.
Black & Baird sold to John B. Heron, Jr.,
Esq, for the Linden avenue syndicate, a
tract of land adjoining Mr.. Herron's resi-
dence on Linden avenue, Twenty-secoud
ward. about 215xl20 feet, for So 533.
Charles Somefs & Co. sold for the Morn
ingsIde Land and Improvement Company to
a Lawrenceville business man, lot in the
Morningside plan, Eighteenth ward, 'front.'
ing % feet on Manhattan street and extend
ing 100 feet to an alley. for $3.50.
Baltensperger Williams sold for George
W. Kniyschild to Miss A. Menold lot 22x120
borough, for $500 cash.
The Building Record.
Four permits were issued yesterday for
the same number of improvements, the
estimated cost OF all being 50, ,95O
John H. Niebaum, frame two-story dwell
ing, on Cypress street, Twentieth ward; cost
$500 John H. Meyer, frame two-story
dwelling, on Cypress street. Twentieth
ward; cost, $500. T. G. Kline, frame two
story dwelling, on Mclean street. Thirty
first ward; cost 81 500. George Jacob, frame
two-story dwelling, on Albert street. Thirty
second ward; cost, $3.50.