Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-20
REALTY PICKED UP.
A Number of Deals COnsummated in
the City and Suburbs.
THE CONDITION AND OUTLOOK.
A Squirt of Activity in Stocks, With Two
or Three Promising Boomlets.
OFFICE AND STREET NEWS AND GOSSIP

NNA@SA VA
SOLD 20 feet and improvements on Highland
avenue, to Emmett Queen, the well-known
oil man, for $4,000. James Craig purchased
through S. A. Dickey & Co. a house and lot
on Holland street, near Center, Wilkins
burg, for $500. The lot is 1O0x3O0 Mr..
Craig will occupy the place as a residence.
John Hawkins, of Hawkins Bros, bought a
vacant lot, 76x120, on Alder street, near
South Highland avenue for 45OO. He will
improve it with a handsome residence. G.
w. Jones, of the Pittsburg Bank for Saw
1ngs, purchased lot on Murray Hill avenue,
Ardshiel terrace, a short time ago, upon
which he is erecting fine residence for him
self. George Ormond purchased six lots
near Beltzhoover, for So 700, and will COM
mence building on them as soon as the strike
is settled
A Good Outlook.
While the real estate market is in good
m progress which touches it on every side,
there is to be found in the financial situa-
tion good reason for expecting an improve
ment. Money was never more abundant in
Pittsburg than at this time. This is well IL
lustrated by the promptness with which
purchase money mortgages are being met.
That owners have confidence in the future
is shown by their refusal in nearly all cases
to make concessions. and, on the other hand,
the large number of transfers shows very
clearly that buyers, as a rule have aban-
doned the notion entertained by them early
holding off they would be granted better
terms. The outlook for real estate is en-
couraging when looked at in its true light.
The Petroleum Industry.
In the course of an article on petroleum
production of the United States, based on
the census bulletin, the Journal of Finance
remarks: cit is useless to attempt to fix a
limit to the development of such an in
dustry. The supply of oil is certain to prove
capable of indefinite expansion to meet the
growing demand for consumption, and the
use of petroleum goes on increasing rapidly
in the United States and in foreign lands.
In spite of the enormous development of the
Russian oil field the exports of petroleum
and petroleum products from this country
gain steadily. In 1890 nearly 650,0 900 gal
Ions valued at over $5l $50, 600 were sent to all
parts of the world from American ports, and
when it is considered how many hundreds
of millions of Europeans, Asiatics and
for lighting, it can be seen at once how vast
and unbounded the expansion of the great
petroleum industry of the United States is
likely to be in the next few decades"
Business News and Gossip.
The half-holiday law goes into effect at the
banks to-day, and matured paper should be
paid before II o'clock.
Tennessee Coal, Iron and Railway Com
pany declared regular semi-annual divi-
payable on July IL.
1t will not be known until July ID who will
be the owner of the Christ Church property.
Offers will be opened and determined on
that day. Joseph Horne is said to have the
inside track
Already the representatives of the large
grain firms in Baltimore and Philadelphia
are swarming through the great wheat grow
ing sections of the West, Northwest and
Southwest, soliciting and bidding for wheat
to be forwarded to those cities as soon as
practicable after the harvest.
A strong effort is being made by prominent
citizens of st. Paul and Minneapolis to unite
both cities as one, and it is proposed to call
the new municipality Federal City.
Among reports yesterday was one to the
effect that the Duquesne Traction Company
had purchased the propesty of the Excelsior
Flint Glass Company, on the corner of
Forbes and Gist streets, for s35, 900, for an
other power house. In view of the consoli-
dation of the road with the Pittsburg Trac-
tion, rendering such expense unnecessary,
the report was generally dlscredited.
John d. Bailey sold 70 Suspension Bridge |
told) at IS, and l0311 shares of the new at
3O15.
The Pfttsburg Plate Glass Company an
nounces that dividend of Sc per share on |
the preferred stock for $780, and a dividend |
of So per share on the same stock for 1891 |
will be paid. No dividend is expected on |
the common stock.
: Rock Island has bought Sl5O,0oO worth of |
right of way between South Omaha and |
Omaha, and is preparing to get into Omaha
in spite of the Union Pacific.
Five manufacturing concerns are under
contract to locate at Kensington within 80
days. The Bradley Stove Works is one of
The weather bureau passes under the iur-
isdiction of the Department of Agriculture
on July ].
1t is officially stated that the full cash div
idend of per cent Will be promptly paid by
Wheeling and Lake Erie for the second
week in June showed an increase in earn
ings of s., l05
A new road is being built by the Northern
Pacific which will cut down the distance
across the continent by rail 100 or more
miles.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
Ellen Ganigan, frame twa-story dwelling,
l6x8o feet, on Carnegie street, Eightee nth
ward. Cost, $500.
Anna Nagel, frame two-story and attic
dwelling, l6x32 feet on Mellon street. Nine
teenth ward. Cost, 5000.
George S. Porter, frame two-story dwelling,
l6x20 feet, on Flowers avenue, Twenty-third
ward. Cost, 500.
Anton Piilard, frame two-story mansard
md basement dwelling, 1sx32 feet, on Down
ing street. Thirteenth ward. Cost, 81, 100.
Movements in Realty.
j. E. Glass sold for W. z. Matthews to T.
J. Troutman, Jr, of New Cumberland, W. |
Va, a house and lot at Oakdale station, on
he Panhandle Railroad, for $1,000.
Baltensperger & Williams sold for Andreas
Iilf to Thomas Hughes, new three-roomed
rame dwelling, with lot 25x1OO, situate on
Kuhn street, Mt. Washington, for sl,250
ash.
W. A Heron Sons sold another lot (be.
ng the third one reported lately) in the
Heron plan, Thirteenth ward,
.4xlO0 feet, on Madison avenue near Thirty.
he additional sale of lot ia in wilkins es-
ate, third plan, 4oxl2O feet in Savannah
street, for $500.
Thomas McCaffrey sold for Mrs. Mary A.
Jawton to James Foley property on Thir-
y-seventh street. near Penn avenue lot 24x
3, with brick house of six rooms, attic,
,tc., and frame house of four rooms in the
ear for s., 600; also sold for Casper Gilbert to
40 Forty-second street. lot 2215xIS0 feet,
With frame house of four rooms for 50, 200,
md for John Humes to Patrick Larkins
property on Kincaid street. Nineteenth |
ward, lot 81 xlOo feet, with frame house of
Reed B. Coyle & Co. sold lot No. 2l1 in their |
daIion place addition, being % feet front on |
'arnell street and extending back 135 feet, |
more or less, for $400
BLACK & Baird sold to Charles Dyttmer for
T. Z. jackson lot No. Is in block No. 5, in |
benny plan, on Brereton avenue, Thirteenth |
yard, 25xl00 feet for $780,
C. Il. Beeckman sold for Isadore H. Aaron |
piece of property on Tioga street, Home
rood, consisting of slaughter house, two
wellings and store, to Herman Goetsch for
Snso,,aI w plool, a. ~ ,.,, . .. -. |