Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-22
WORKING ON THE SLY.
Pittsburg May Yet Have a Magnifi-
cent Insurance Building.
RELATIVE COST OF PARK REALTY.
Speculative Commodities Maintain Mod.
crate Movement.
OFFICE AND STREET NEWS AND GOSSIP

Company is putting up an $500, 900 building
in Atlanta was brought to the attention OF
Fourth avenue real estate agent yesterday,
who remarked: 81 think the Equitable, the
New York Life and some other insurance
companies, who have made mints of money
here. should do something for Pittsburg in
the way of improvement. This would be
substantial recognition of the good will and
support they have and are receiving from
this community. Although there is no pro-
nounced movement in this direction, think
the company first named has the matter
under consideration. This company was in
the market last year, but the matter leaked
out and owners put up prices to such
pitch that the agent was scared off What
ever is done hereafter will be on the mo
talk principle I could mention two sites
that are under consideration, but it might do
harm. They are both in the central part OF the
CITY,"
Values of Park Property.
Leaving the propriety of locating. the Car
negie Library in Scheney Park to be
discussed elsewhere, there is no doubt
it will be good thing for property
owners out there. On this subject Samuel
w. Black said yesterday: property in
the Bellfeld district in the vicinity of
tue pdEh anu WILL III Oplulon, seli db
$500 a foot front within three years. 1t is now
held at from SIS to Sl25. Improvements are OF
such character as to insure enhancement
Property in Allegheny on streets running to
the park is held at from $2OO to S3oo foot
'front.' Buildings for the most part are on
small lots. and generally without much attempt
at architectural display. Northside people,
however. are beginning to do better in this re-
spect and it is safe to say that buildings of the
future will be of a better class than those of
the past. This will give values a lift"
Impressions of the South.
John F. Baxter, of Baxter, Thompson & Co.,
returned yesterday from a trip to the South,
taking in many of the leading towns and cities
in Tennessee, Georgia and Alabama. He su-
perintended sale of lots at Sylacauga, Ala,
which was successful beyond expectation. A
10000 spindle cotton mill will be erected in
Sylacauga this summer. Mr.. Baxter added:
Land values in mos: of. the cities and towns
visited have quadrupled in the last few years.
Building is notable feature, suggesting the
idea of permanent prosperity. So well pleased
were number of excursionists with the busi-
ness outlook that they have already taken
steps to obtain control OF several important
manufacturing interests. One of them secured
an option $500 acres of slate and marble
land and proposes TO establish works for their
manufacture. Hotels are overrun with East
ern capitalists looking for opportunities for
investment. The prospect for heavy crops en-
courages the people to hope for still larger
measure of prosperity
Should Be Encouraged.
PittsDurg people are becoming more thrifty
and prosperous as the community grows older.
AS result of this the number of home owners
is constantly increasing. The possession Of
building lot, or lots, has become ruling
passion. Ownership of real estate, much or
little creates credit and e1erts an influence
which can be acquired in no other way. One
another and so on until he finally takes pride
in public affairs. 1t makes him better citi-
zen. The feeling that every man should own
the house he lives IN and the ground upon
which 1t stands has taken deep root here, and is
rapidly converting Pittsburg into city of
homes. 1t is a feeling that should be encour-
aged in every way.
Business News and Gossip.
Tomorrow is the time fixed for the opening
session of the Real Estate Auction Board.
Nearly all the real estate agents who were on
the sick list have recovered and are again on
the warpath. q
There was bid of 81 on call yesterday for
Manchester Traction.
The decline in the asking pricsfor Exchange
leads to the belief that there is
no prospect of finding prompt customer for
the building.
W. A. Heron sons-Financiers are little
the labor troubles We have about as much
trouble to get money on mortgage at per
cent. as at month or two ago.
The largest of Is mortgages on file yesterday
was for 81, 600. Nine were for purchase money
John u. Bailey will offer choice assortment
of local securities at auction on the floor of the
Exchange next Tuesday afternoon. April 2S
There is fair demand for frst-class bonds
from persons wishing TO make permanent in
7estmenis.
The Sharpsburg and Lawrenceville Bridge
Company has declared dividend of 50 per
share payable forthwith at the Farmers and
Mechanics Bank. Sharpsburg
Several dwellings at Swissvale will be put
under contract as soon as the May trouble is
settled.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
Charles H Bingler, brick three-story store
and dwelling. 26x50 feet.on Hazelwood avenue,
ward. Cost, 81 600.
W. ]. Brown, frame two-story shop 20x26
feet, on Ann street, Fourteenth ward Cost,
$500.
Elmer E. Arbaugh, frame two-story dwelling,
I6x3O feet, on Gust street, Twenty-third ward.
Cost, sI5OO.
Mrs Hanley. frame two-story dwelling, 18x1S
feet, on Romeo street. Fourth ward. Cost,
$1,000.
F. Phillips. frame one-story sta BILE. 16x4O feet,
on rear Center avenue, Thirteenth ward. Cost,
$50
Karl Reuber, frame addition one.story shop
6xl2 feet. on Boston street, Fourteenth ward
Cost, $40.
S. Ewart, frame addition two-story stable.
12x50 feet. on Center avenue, Thirteenth ward;
cost, $3.50.
s. Keighley & Co., frame one-story stable,
l5x4o feet, on Ross street, Second ward; cost,
$50
C.schlegel. brick and two-story mansard dwell
ing, 22x52 feet, on Atwood street, Fourteenth
ward; cost, So 955.
Coleman Ridge, frame one-story dwelling,
ward; cost, $3.50.
Alvis Heger, frame two-story dwelling.
14x2l feet, on River avenue, Nineteenth ward;
$500.
Movements in Realty.
Baltensperger & Williams sold through
George w. Spencer, seven lots, each 22xl2O, in
the West Liberty Land Company's plan, ad-
joining Beltzhoover borough, for $3.50.
Straub & Morris SOLD six lots in Schenley
View place, for s., 600; also SIX lots in Ingram
for s.. .60O
Charles Somers & Co. sold for Robert Patton
the property known as No. % Third avenue,
lot l7x60, with four-story brick house of eight
rooms, for $780,
Samuel w. Black & Co. sold for Reed B.
Coyle & Co., two lots on the west side of Second
avenue. In the Blair estate plan. Hazelwood,
beng 50x163, for 81 800 cash
W. c. Beringer & Co. sold through Charles
Somers Co., brick dwelling on Cliff street.
for II. E. Grant, to James Sothwood, for 81 700
]. E. Glass sold for A. Z. Watkins, lot No IL
in Allequippa place plan, Thirteenth ward,
24xl00 feet, fronting on Allequippa street, for
500.
]. c. Reilly sold for F. K ]. Lang and Mrs. |
A. Newlane, to John D. Oltman the two-story |
brick dwelling. IS Erie street, Allegheny City, |
lot 1nyH0 for T50 oash