Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-24
POINTS IN REALTY.
Everybody Has Confidence in the
Stability of the Market.
NO BETTER INvEsTMENT:O T:OFFERED.
A Northside Lady Donates Building Site
to Sunday School Mission.
FEATURES OF LOCAL SPECULATION

Mrs. Margaret Watson, of Allegheny, q
lady of ample means and active benevo.
lence, donated piece of ground l00x1S5 on
Perrysville avenue, near the residences OF
james Hunter and Major Pentecost, to the
new mission seminary school of the Pr esby-
terian church, as site for the new building
which it is proposed to erect as soon as pos
sible. 1t will cost, according to present
estimates, $4,000 but, this sum may be in
creased or diminished. The building fund
has been augmented by a contribution of
$500 from the church. The rest will be raised
by private subscriptions of members of the
church and friends of the enterprise,
Sound at Top and Bottom.
Real estate is moving almost, If not quite,
as freely as at the same time last year. This,
in the face of strike which has temporarily
retired a number of buyers, shows that the
market possesses in a large degree the saw
ing element of inherent strength. The de-
mand for use is so large as to assure perma.
nent activity. 1t may rise and fall with the
exigencies of the financial situation, but so
long as the city maintains its expansive en-
ergy, stagnation, or even a material shrink
age in the volume of transactions, is impos-
sible. Pittsburg has started out to become q
city of homes, and will not stop until this
end is attained.
A well-known business man returned to
the city yesterday from an extensive trip to
the West and Northwest While most of the
large cities in these parts of the country
showed evidence of thrift he remarked none
of them could compare with Pittsburg in
substantial growth. In Chicago for in
stance, "to-let" appeared so often as to be-
come monotonous. Hundreds of houses in
the suburbs were tenantless. Here there are
not enough houses by at least 900 to supply
the immediate demand. But it is gratifying
to know that measures are being adopted by
syndicates and individual builders to meet
this want. Unless all signs fail, building in
Pittsburg during the next two or three years
Will surpass in extent and value anything
on record in this line since the great fire.
shops demands it. 1t is a necessity. Capt.,
talists see it, and are beginning to realize
that there is no better field for investment.
With such backing there is no more proba-
bility of stagnation in real estate, or of a re-
duction in values, than there is of tunneling
Mt. Washington by the West End Railway
Company. - '.-. ----
Facts appearing daily show that real estate
is in good shape and moving briskly. The
lot market is especially and notably active.
There are more buyers for use than ever be-
fore, and less speculation. Everybody, from
the millionaire to the day laborer, has conf
dence in the market. This Is not mislead-
ing 1t would be a crime to advise hard
working people to invest for the benefit of
of Pittsburg real estate, and the certainty of
its enhancement are urged as sufficient rea-
sons why the man who earns his bread and
butter by the sweat of his brow should strain
every p int to secure a home while 1t is
within his reach. This will be harder to do
next year or the year after than it is now.
In this case delay, if not dangerous, will turn
out to be costly.
No Fear of Tight Money.
The Financial Chronicle remarks: "What
we call money is as easy as any borrower
could wish. and just now promises to be
easy tor short dates through the year. even
though the Government should not add a
dollar to the stock afioat. Besides, there is +,
every reason to expect that the supply will
be added to, Secretary Foster, in an ad-
dress made this week in Ohio, said, in speak
ing of the extension of AZ per cents at per
cent, that if our hopes are realized we will
be able to add s25,0O0,0 900 in national bank
notes to the currency of the country This
clearly indicates that the Gov
has determined to extend the AIS
at per cent"
Business News and Gossip.
Mr.. D. NJ. Allston, the welI-known attor-
ney, has completed plans for handsome
residence on Perrysville avenue, near the
Presbyterian Sunday school mission.
The list of East End, Allegheny City and
Sewickley properties which Samuel W.
the Real Estate Auction Board rooms, as
shown by their advertisement in this issue
of THE DISPATCH, embraces an excellent
selection and is well worth the attention of
buyers.
Work has been commenced on eight dwell
ings at Kensington and material for others
Is on the way.
Hon. John n. Neeb shows his confidence in
real estate by investing in it. He will find it
even better than politics
Recent purchases on North Diamond Ale
gheny, have stirred up fresh interest in real
estate on the Northside, and a number of
big deals promise to be the immediate out
come.
Years ago Hays station, now Glenmawr
Park, was a favorite summer resort for
people. 1t is a delightful resi-
dence locality. There will be a sale of lots
there on Tuesday next by Reed B. Coyle &
Co.
The Hazelwood Oil Company has declared
a quarterly dividend of " per cent, and the
Fort Pitt Incline Plane Company one of 81
per share.
The National Treasury yesterday had an
balance of $42 S5l, Alb.
The Goulds are credited with the state
ment that the railway situation, particularly
in the Southwest, has improved most ap-
The stock dividend of 80 l-3 per cent lately
declared by the Evansville and Terre Haute
has been postponed,
A bill has been introduced in the Portu-
guese Cortes looking to the adoption of
gold standard.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
Thomas Burke, frame two-story addition
and basement, 16x30 feet, on Ervine street.
ward; cost $3.50.
Ira NJ. Burchfield, frame one-story office,
l6X20 feet, Second street, Twenty-third ward:
cost $500.
Peter Sahrage, frame two-story and man.
sard dwelling, 17x36 feet, on Stanton street,
ward: cost s., 2OO
Thomas Russell, frame two-story dwelling.
l4xl6 feet, on Whipple street, Twenty-second |
ward: cost 500.
Mrs, Mr.. Graves. frame two-story and
attic dwelling, i7X34 feet, on Dearborn street
Nineteenth ward: cost S., ,S00
IA. and j: Mlnslngeri four brick two-story |
dwellings,, l4x32 feet each, on Cowan street, |
Thirty y-second ward; cost s., 900 each.
Judges Sterrett and Kennedy brick two
story addition and attic dwelling l6x26 feet, |
On Arabella street, Twentieth ward; cost |
8, 600.
julius Dandow, frame two-story and man. |
Eighteenth ward; cost g 600.
Movements in Realty.
A. T. Byers & Co. sold for the Rideeyiew
Land Company to Hon. John n. Neeb lots
Nos 45 and 46 in their plan, Eleventh ward.
City, fronting "a feet on California
venue, and extending through l6O feet to
avenue, for 81, 100 cash.
w. A. Heron & Sons sold house and lot |
No. 1872 Plymouth street, Thirty fifth ward,
brick of eight rooms and modern improve
nents, for s., 400, mostly cash. They also re-
port the sale of lot 1l3 in the third plan of
Wilkins estate, Williamsburg, 5axl2O feet. for
$50.