Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-30
The Only Solid Wealth.

wise old business man recently wrote as
follows to a lad who asked him for advice: "a
boy should be taught early in life that real es-
tate is the most substantial basis of solid
wealth. He should be impressed with the fact
that the men who own land and buildings are
the ones who can be trusted for the largest
amounts and the longest time. Some one in
whom he has confidence should tell him that
nine-tenths of the men who own stores fail to
make very much money; tn. ninety-nine hun
dredths of the men who bet O. horse race. who
buy baseball combinations and invest is lot
terry tickets are always 'hard up; that very few
of the men who speculate in grain, oil and
stocks retire with fortunes. and that the money
paid for fine clothing. jewelry. travel and
amusements yields no income, ap6 never comes
back to the purse And as soon as a boy gets
old enough to earn a few dollars each month
by work about the house, office or store, he
should be encouraged and aided to make the
first real estate investment"
Business News and Gossip.
The item at the head OF this column throws
considerable light on recent mysterious move
ments in real estate on the Northside.
Major A. ]. Pentecost reports good demand
for lots in his V alley View plan. Considerable
building will be done there this season.
.Ex-Secretary Barbour was a visitor on
Change yesterday afternoon and was cordially
greeted.
Small mortgages and few of them are the rule
these days. OF "a on file yesterday the largest
was for S3,Si5
Tomorrow. January 81, meeting will be
held at the Office of Hays q Noble for the pur-
pose of recognizing the Squirrel Hill Railroad
Company.
Friends of Electric yesterday reported good
progress in placing the preferred stock. Should
the full amount of 40. 600 shares not be placed
7 by tomorrow evening, it is thought creditors
will grant reasonable extension of time.
The near approach of spring is turning prop
erty owners to thoughts of Improvements. The
carpenter and the painter will soon be overrun
with business.
deal in the East End. but when asked for par.
ticulars they only smile.
The demand for acreage for subdivision
shows the supply of building lots on the market
is not excessive.
The Building Record.
Eight permits were taken out yesterday for
Improvements, descriptions of which follow:
George b. Kelly. frame two-story dwelling,
2lx52 feet OH GrazIer street, Twenty-first ward,
Cost. 81. 900.
John Dunn. Jr., frame one-ssory shed, 2OxSU
feet, on Ann street, Sixth ward. Cost, SIS.
l. II. Aaron. frame two-story stable, 16x2O
feet, on alley rear Parker street, Twentieth
ward. Cost, sl00.
dwelling. I7x3O feet. on Auburn street. Twenty
first ward. Cost, $3.50.
George Schmidt. frame one-story stable lSx
&c feet, on Wick street. Eleventh ward. Cost,
$500.
Anderson Jurczk, frame one-story dwelling,
lSx30 feet, ON Thlrty-third street, Thirteenth
ward. Cost, $500.
Timothy Doyle, frame addition two-story
dwelling, l2x20 feet on rear Eighteenth street.
Twenty-sixth ward. Cost. $3.50
Rebecca Ebbert frame two-story and attic
dwelling. 11x32 feet. on Libeity avenue, Six
teenth ward. Cost. 5000.
Movements in Realty.
Black & Baird sold fine residence property
on breckenridge avenue, Thirteenth ward with
about two and one-fourth acres of ground
to E. B. Mahood. for price approximating
$4,000.
lot, corner Hays and Euclid streets, Nineteenth
ward, 25xl0O feet. for 81, O5O
Baxtcr. Thompson & Co., sold through the
Office of S. A. Dicke & Co. lot No. l3l, Bank OF
Commerce addition plan 1T Brushton station,
fronting 40 feet on Frankstown avenue by lao
feet to a 20foot alley, for $500.
John n Ewing Co., sold to Mrs. K. r.
Blakeley brick house OF six rooms. hall and
attic; lot 20xl00 on Ackley street, Second ward,
Allegheny for price approximatIng $500.
A. u. Byers Co.. sold for Reuben Miller to
Howard w. Burns two vacant lots having a
frontage of 80 feet on Broadway and running
back a distance of l60 feet to a. ~20-foot alley,
being lois Is and IT, in Reuben Miller's plan,
Coraopolis, Pittsburg and Lake Erie railroad.
for 5000 cash.
WA. Heron & Sons sold two lots, each 20x
100 feet. on Dearborn street near Evaline, Nine
teenth ward. in Brown & Donnelrs plan, for
$500 each, cash.