Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-30
THE LIMIT REACHED.
No Likelihood Of Any Material Ad-
vance in Dwelling Rents.
USUAL QUIT NOTICES SENT OUT.
More Room Urgently demanded to Accom-
m0date Business of the City.
A BIG BATCH OF NEW ENTERPRISES

Big patches OF regular yearly quit notlces
to tenants were sent out yesterday by real
estate agents Being merely reminders
that leases will expire April 1, they possess
no special significance. There will no doubt
be the average amount of fitting, with the
usual rush for small houses. As to rents,
there is little likelihood that they will be
materially advanced, except for choice busi-
ness properties The large number of new
dwellings erected during the year and
under way, to be completed by April, is
calculated to check any tendency to put up
rents for family quarters much beyond the
present limit.
DR.. G. Z. Wetherton, Of Erie, Pa, has
leased, through Black & Baird for term
of five years, the store room over the
A. L. Sailor Clothing Company, corner
Sixth and Liberty streets.
More Room for Business.
1t requires no argument to demonstrate
that business must have more room. This
is sufficiently attested by the scarcity Of
stores and warehouses for rent. Relief is
promised in the Point district, but it will
be several years before the effect will be
felt. A quicker way would be to tear
down few hundred of the antiquated
structures which disfgure nearly all of the
principal streets and replace them with
fine field for work of this kind, and so do
Second and Third avenues. These locali-
ties being in the very heart of the city,
there would be no difficulty in finding buy
ers or tenants for almost any number OF
good business stands The general conf
dence in the future of the city is sufficient
to Justify the investment.
New Enterprises Started.
For the week ending December IS, 272
new corporations were completed in the
United States, the total capital being S115,-
$685. ,6i0, distributed as follows: Mercantile
and manufacturing companies, 103, S14,
800, $40; banks (not nationally and invest
ment companies, 6, Loss, 900; national
banks Ito December 81 3, S15O,00O; gold,
silver and other mining and smelling COM
panies, "a. s45. .557 200; coal and iron COM
panies, 6, 81, ,050, 900; light, heat, power and
transportation companies, %, $11,616,OO0;
building and loan associations, Z, $40, 400,
600, irrigation companies, 2, 1886, 900; mis-
cellaneous companies, 90, S11, ,215,9OO.
Business News and Gossip.
The chartering of the Grandview Traction
Company shows that projected Southside
improvements are taking shape
c. f. Hatch, of Cory, has secured numer-
Gus gas and oil leases in Alcona county,
Mich, and will put down several test wells
He represents Philadelphia capitalists.
The frat mortgage 50year per cent gold
bonds OF the Pittsburg, Shenango and Lake
Erie Railroad have been listed on the New
York Stock Exchange.
There is talk of enlarging the Hubley
mansion at Williamsburg and converting it
into hotel.
the interest on the second preference in
come bonds in February in cash and not in
script.
At the last call yesterday 5000 Electric
Traction 16 was bid acd Is for Birmingham,
offered at 49,.
B. F. Wilson has made application cor
membership in the Exchange.
Four building permits were issued yeSte r
day, argregating ss 6o0 The most important
was taken out BY George A. Kelley for q
brick two-story and mansard addition to
dwelling on Shady lane, Twentieth ward, to
cost So 900.
The so shares ofParmers' Deposit National
Bank stock announced for public sale yes
terday were withdrawn.
Friends Of Standard Underground Cable
are talking OF a dividend, to be paid with
money expected from the United States
Electric Light Company.
There was talk Yesterday afternoon of n
good-sized deal in Birmingham Traction
bonds around 9415.
Western New York and Pennsylvania
earnings third week of December, $73, 500; in
crease, 50, 400
1t is said the matter Of paying interest on
Electric Scrip is being attended to. 1t will
be paid, but no time has been Set
Movements in Realty.
S. A. Dickie and Co. sold for W. G. Markell
to John Forbes, house and lot on Margar-
eta street, lot 30x1l0 feet, and a nine.roomed
frame house. for s., 500.
S. Fl. Hartman has sold to Louise P. Mellor
a lot 1l0xl32, on Rebecca street, First ward
Allegheny, with buildings, for SIS, 500.
Henry A. Weaver & Co. sold for Samuel
Dyer & Son, to Mrs. Lucinda Hartman, the
Cow and Merits property, No. 321 Rcbecca
street, Allegheny, lot e0N110 feet. with a
three story brick dwelling, for So $50.
w. A. Heron & Sons sold a lot 46xl40
avenue, Twentieth ward, for 5000 cash.
The purchaser, prominent city officia l.
will build at once n fine residence.
Black & Baird sold to James Nelson lots
Nos 375 and 376. in the Alta Land Company's
plan, on Duquesne Heights. for SlOS cash.
and in the same plan to John Curry lot 49,
for SO 50 cash.
Baltensperger & Williams sold lot No. 26 in
the Weinman plan. Southern avenue, Mt.
Washington, for $3.50, $40 cash, and s. per
month.
w. A. Heron & Sons sold lot 25xI73 feet on
Flowers near Second avenue. HaZelwood
in the J. j. Speck plan, for $780, The pur-
chaser will improve same at once.
Allies Bros. & Co. sold for Jno. Derbaum
the property 303 Carson street to a Southside
business man for S., 500: also placed a mort
gage of 81, 500 on Allegheny property for
three years at six per cent.
AN EASY MARKET