Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-16
CURRENT OF TRADE.
A Good Movement and Healthy Con.
dition All Along the Line.
THE CENTRAL WILL USE TRAILERS.
Installment Plan of Selling Homes Work
ing Well at Vslleyyiew.
MARCH OF sOUrHsIDE DEVELOPMENT

and Major Glover had intimation of the
deal on Monday. The name of the pur-
chaser has not been authoritatively di-
vulged. Attorney J. McF. Carpenter signed
the agreement. 1t is understood that he
represented Mr. C. w. Hubbard, of Hub
bard, Bakewell & Co.
Soutll=ide Development.
Southsiders entertain high hopes of the
introduction of rapid transit into the hill
district at an early date With adequate
transportation facilities, such as the East
End enjoys, they claim, and rightly, too,
that Mount Washington and Duquesne
Heights, and even the broad stretches be-
yond, would soon be covered with comforta-
BILE homes. The necessity for rapid transit
on that side of the river is so apparent and
pressing that, now that it has become fixed
in the minds of the people, there is every
assurance that some of the many schemes
which have been projected will be consum-
mated without unnecessary loss OF time.
Will Use Trailers.
The business of the Central Traction road
has increased so much that the management
has decided to put on number of trailers,
six of which have been ordered. This is
another straw showing that the street rail-
ways of Pittsburg have not only increased
their earnings, but are putting themselves
in position to do still better.
Supplying a Want.
The demand for small houses is being
answered with great liberality, but the sup
ply continues inadequate. Major A. j.
Pentecost is putting the finishing touches
to the last of IS erected by him this season
at Valleyview. on the CHARTERS Railway.
Others have done almost as we'll Building
outlook for next year is good in this local
ity. The expectation is that 30 or more
houses will be commenced early in the
spring. Valleyview is being settled very
fast, which is due in large part to the sys-
tenn in vogue among owners of selling
houses and lots on the installment plan.
Plate Glass Protection.
There are seven plate glass insurance
companies doing business in Pittsburg.
They carry policies on about $500 store
fronts, premiums on which aggregate up
ward of S28, ,OOO OF the total policies the
Metropolitan has 600. Doors and windows
of large number of residences are also in
sured.
Some Tall Buildings.
Pittsburg has no sky-scrapers, but will
probably have a near approach to one next
year at Fifth avenue and Grant. AS con-
templated, it will be u stories high. Bos-
ton has number, but they do not compare
in point of height with Cbicago's tall Office
buildings. The Fiske building in Boston is
214 feet in height, the Ames building is just
1S9 feet high, the New York Life building
200 feet, the Bell Telephone building 125
feet, and the Farlow building 120 feet. The
~. l. ~ =, &oo ,,-1,
the Ashland block will be 215 feet, the
Unity is 21O, the Monadnock is 215, while
the Chicago Title and Trust building is the
same height as the Unity.
Almost Ready to Close.
Probabilities are that three real estate
dickers, aggregating s175,oOO, will he closed
this week. One is business and the others
East End residence properties. Another
one of the largest for years, is
hanging fire on 2I per cent of the cost
price. The demand for high-class proper
ties is better than IL was year ago.
Business News and Gossip.
It is thought by most persons who have
spoken on the subject that Mr. Rowand's
bid for the Governments Penn avenue prop
erty will be accepted.
Baltensperger & Williams have sold 20 lots |
in the Weinman plan, Mt. Washington, with |
in a week |
Street improvement is being prosecuted |
with almost as much vigor as during the |
summer Pittsburgers are determined to |
keep out of the mud.
North Homewood, in the vicinity of the |
driving park. promises to be the scene Of |
extensive building operations next season. |
Several capitalists are talking Of 10 to 20 |
houses each.
At the last call yesterday "a was bid for
Duquesne Traction bonds Electric scrip |
Charters we're issued at Harrisburg vester |
day to the Eighth United States Excelsior |
Building Association, of Pittsburg capital |
$500, 900, and to the Clifton Building and Loan
Allegheny, capital 100000.
The most important OF three building per-
mits issued Yesterday was for three dwell
ings to cost s., 70d The others aggregated /
IS 400.
Friends of Duquesne Traction are talking
Of still higher prices for the stock.
According to the compilation of Robert J.
Stoney. Jr, Pittsburg national banks hold
81 e5l, ,4s7 in excess of the % per cent as re-
quired by law, or 5S.53 per cent of net de-
posits.
will begin as early as possible next spring.
One of them will be on Wood street.
The high prices for farm products can only
result in highly stimulating the general
TIE strength of the stock market fulfills |
the expectations of those who have been
predicting higher prices.
Plans have been completed for large
apartment house on Emerson street, in the
heart OF East Liberty.
Movements in Realty.
J. r. Larkin & Co. sold to Joseph A. O'Neill
FOR NJ. j. Becker a two-story and mansard
brick house of ten rooms, No. 8 Sherman
avenue Allegheny, for $i2, 600.
s. A. Dickie & Co. sold for L. B. Richards to |
Mrs. X. L. Brown property on Edwin street,
near Alder Twentieth ward, 60Xl20 feet with |
twostory frame dwelling. for 81 400.
Baltensperger q Williams sold for A. L.
Watkins to George o. Moose, a new five
'oomed house on Belonda street. Mt. Wash
Black s Baird sold for Mrs. E. Wainwright
| double two-story and mansard brick
lwelling, situate on the northeast corner of
south Negley avenue and Howe street, with
ot 81 x l6O feet for $l3, 800. A prominent East
End physician was the purchaser.
Reed B. Coyle Co. sold for j. c. kirkpat-
lick another lot on Observatory avenue be-
ng 24xl3l feet, running through to Division
treet, for ST 800 cash. The purchasers of
10th lots will improve with handsome resi-
lenceS.
or White Myer vacant lot. e2112x9411S$, on
he New Brighton road Eleventh ward, AL |
egheny City, for $3.50 cash.
J. E. Glass sold for A. C. Watkins lot No Sc
II the Allequippa place plan No. ., for $40O
ash.
A. z. Byers & Co. sold for Fred Eggers to
Il. Marx the Schenley leasehold OF property
los. 80 and Al First street, Third ward, ALE |
ooms and storerOom; also a frame of five
ooms, with lot 40xll0 feet to an alley for |
$50.
The Burrell Improvement Company re-
,ort the following sale of lots at Kensing-
on: Mrs. Mary S. Schulz, lot "a and five feet
outh side of lot 80. block 6. $l.I47 so; Miss
lizzie Wanner, lot 81, block 5. 1896 90: Mich
cl Groetsch, lot A, block IA, s6s7 50 cash;
Strazzo, lot 81 and 63, block 2, |
|, ,423 75 Mrs. Lena Smalawts, lot l4s, block
. s375 co. Robert n. Black, lot SO, block s.