Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-18
TRADE OF THE CITY.
A Long-Term Lease Taken on Water
Street Business Property.
THE LATEST HOTEL PROJECT.
Building at Johnstown and Along the Char
tiers Valley Railway.
FEATURES OF MONEY AND SPECULATION

A. Walkers Sons, whose place on Lib
ertv street. next to the Seventh Avenue
| Hotel, was destroyed by fire short time
| ago, have leased, through Black & Baird,
for a term of years the property No. %
Water street, belonging to the Schmertz
estate and formerly occupied by McGinness,
Smith & Co. They will make such i'm
provements as their business requires.
The Latest Hotel Scheme.
The unanimity of public sentiment in
Pittsburg as to the necessity for first-class
hotel is quite remarkable. Ifput to avote
the proposition would receive almost unan-
imous support. Some of the schemes that
have been formulated and dis
cussed are mere talk, of course, others
have reached more advanced stage,
and still others have progressed
so far as to have sites selecred for them and
energetic efforts put forth to carry them
through. Altogether there are about a
dozen of these projects covering every avail
able site in the city. A prominent business
man discussing this matter yesterday, ad-
vanced a new idea. He said: "Pittsburg
needs and will have a hotel equal in size
and appointments to any in the country. In
my opinion the best site for it is the block
occupied by the Central Hotel. 1t is con-
venient to the postofice and to most of the
banks and large commercial houses. l
think the present building could be re-
modelled and enlarged, SO as to answer every
purpose as well as an entirely new one.
This would save both time and expense.
The change could be made in time for next
years Republican Convention. I under
-, Al IL fnr
about $500, 900. Adjoining property needed
to give requisite dimensions would
cost, perhaps, as much more, or 81 900, 900
all told. Another million would cover the
cost of the building. This is big sum, but
the cost of a similar building on any of the
other sites suggested would be as great A
frst-class hotel cannot be put up for less
money A smaller and cheaper one would
not answer the purpose. Personally, L
have no interest in the Central Hotel site
nor any other. 1 am anxious to see this
great want of the city supplied. Any of
the sites spoken of would perhaps answer
suggested the most feasible of all, and the
one that could be carried through with the
least delay
Homes for the People.
Improvement is going forward with un-
the CHARTERS Valley Railway. Major A. J.
Pentecost has sold between 20 and 30 houses
there within two or three months, and will
soon have 20 more under way. That locality
is filling up with a substantial class of
people, as is shown by the fact that many Of
them own the houses they live in. There is
no better evidence of the prosperity of this
community than is contained in this state
ment. Pittsburg is making rapid progress
as city of homes.
Progress at Johnstovn.
Building is being actively prosecuted at
Johnstown. The new town is already far in
advance of the old. Among the buildings
under way are a three-story brick hotel on
Washington street, and several handsome
residences. The owner of the hotel is
Robert Mcdowell, and Moser & Wilson,
Pittsburg, are the architects.
Business News and Gossip.
According to good authority several hun
dred houses will be built between Wilkins
burg and Braddock next year. This will
make an almost unbroken line of buildings
from Pittsburg to the big borough.
The entire Southside is talking rapid
transit. Some of the many schemes sug-
gested are emerging from the paper stage.
The Manchester Traction people are alive to
the Importance of getting in on the ground
floor
Tyrone, Pa, is to have a $4,000 opera
house, plans for which have been drawn by
Smith q Robinson, of Johnstown.
The Latrobe and Perry Electric Street
Railway Company has been incorporated,
with a capital stock of SAC, 900.
The Youngstown Bridge Company, Of
Youngstown, O., whose entire plant was
destroyed by fire about two months ago,
have their new building under roof, and
part of the machinery placed and connected
with the motive power.
Brokers were in good humor yesterday.
The boom in Duquesne and Pittsburg has
revived their tagging spirits. There are
plenty of these stocks to go round.
On call yesterday Citizens Traction 5s
were offered at 10Y.
The Sharpsburg branch of the Citizens
line, it is announced, will be ready for bus
mess by December l.
There is considerable 5 and 5H per cent
money in the open market-more than at
any other time this year.
Movements in Realty.
Hoffman s. Baldridge sold new frame
house of six rooms Oh Biddle avenue, Will
kinsburg, near Rebecca street, lot 33xl96 feet,
for 50, $50.
A J. Pentecost sold lot eSi in his Valley
View plan, CHARTERS Valley Railway, for
$3.50, j. Seifert being the purchaser.
Black & Baird sold to Edward jackson for
T. A. Gillespie, lot No. 10 in Heron Hill Park
plan, fronting 25 feet on Webster avenue by
depth of l27 feet to Olney alley, for Si25
The Bailey Reflector Company report the
sale of two lots to Fred Heinz for $3.50 each;
also two lots to Mrs. Tasker for $3.50 each, ali
at Refiectorville, Castle Shannon Railroad.
Robert Collins & Co. sold to John w.
Megahan two lots on South street, Wilkins
burg, each 30X124 feet for 81, 900 cash. Pur-
chaser will build two fine houses at once
George Schmidt sold for F. c. Negley Jr.,
q lot 20xl00 Oh Reed street, near Soho street,
to George A. Egland, for $500.
The Building Record.
Six permits were issued yesterday for "a
improvements the estimated cost of all be-
ing $22,650.
Mellon Bros, 20 brick two-story dwellings, on
Parker street, Twentieth ward. Cost $751; S.
p. z. Young. frame two-story dwelling. on COL
lege street. Twentieth ward. Cost, g, OCO Will
lam Yagler & Co.. Lim., iron-cad shop, on Allie
gheny Valley Railroad, Fifteenth ward. Cost,
$3.50 Franz Micksel. brick two-story dwelling on
Pearl street, Sixteenth ward. Cost, 81. 500. An
dreas Scheindlar frame two-story dwelling, on