Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-29
BUILDINGS ON PAPER.
An Active Demand for East End
Acreage for Improvement.
THE NIMICK DEAL IN GOOD SHAPE.
Shadyside Development the Coming Year
Promises Good Results.
STATUS OF CHRIST CHURCH PROPERTY

STATUS OF CHRIST CHURCH PROPERTY
An interesting feature of the real estate
market at present is an active inquiry fol
acreage in the East End. Several syndi
Gates, to say nothing of individuals, are
looking for this kind of property, but with
out much success so far on account of the
frmness of owners. The most promising
negotiation known to be in progress in
wolves large tract in the Eighteenth ward.
The price has been agreed upon, but there
is hitch in regard to terms. In the
Twenty-third ward several deals which have
been under way for two or three months.
are likely to be closed soon after New Years.
Nearly all of these dickers involve building
schemes of more or less Importance. 1t was
thought last week that the sale of the
Nimick propertv, 80 acres, at Williamsburg,
would fall through, but it was learned yes
terday that the difficulty had been over
come and the transaction ratified
Some Figures Named. l.
There is considerable doubt connected
with the disposition of the Christ Church
property, principally as to whether it will
be sold as whole or in parcels, and at
| private or public sale. A leading member
of the congregation said yesterday that the
| trustees were committed to neither OF these
methods. All they wanted was the best
price they could possibly get for the prop
| erty. He added: 81 do not think it will
realize as much as was calculated upon just
after the fire. Prices paid for the Govern
ment and other properties on that avenue
show that our original figures we're too high.
! Still, it should bring $500, 900 at the very
| least. 1 do not mention these figures as a
| guide to bidders, for 1 do not know that
| they would be accepted. The scarcity of
well located sites Of the size of this one
ought to be an important factor in inAuenc-
ing the judgment and governing the action
of buyers
Improvements at shadyside.
Shadyside is full of building schemes, all
substantially backed, ana, therefore, reason
ably certain of being carried out. While
few of the promoters are talking of blocks
and rows, the most of the improvements
will be single houses, generally of high
class, for well-to-do people, who have ac-
quired taste for rural comforts. Accord
ing to indications the center of activity will
be between Fifth and Ellsworth avenues,
although other quarters will receive atten-
tion. Plans for a number of fine houses are
under way, and work on them will begin
early in the spring. The progress of this
district in the last three or four years has
been remarkable, and the spirit of improve
ment seems to be even more aggressive than
at any former period.
A Big Undertaking.
The work of filling up the McGinness
property Oh Fifth avenue, nearly opposite
the Ursuline Convent, is one of the heaviest
jobs of the kind ever undertaken hereabouts,
but it is beginning to show substantial prog
ress. 1t is the biggest s'dump'' on the ave-
nue., and great deal of material will be re-
quired to bring it up to the level of sur
rounding property, whichit is proposed to
do, and which will no doubt be done in the
course of time. 1t will be valuable prop
erty when improved according to the plans
under which work is being prosecuted.
An Enterprising Woman.
Where there's a will there's wav. Sue
cess in business depends upon the individ-
ual more than upon fortuitous circumstances
or surroundings. Few, if any, of Pitts.
burg's rich men were ''born with silver
spoons in their mouths. ;" A woman, we'll |
known on Fourth avenue, where she finds
employment as an Office cleaner which |
brings her about $50 month, mas contrived |
to save enough money in the last few years |
to purchase ground on Fifth avenne, in the |
Soho district, and build row of four SUBJ |
stantial brick houses. They are not quite |
completed, but soon will be- She expects |
the rent from these buildings will keep her |
in her old age. With such an example as |
this to stimulate his efforts, no one should |
despair of acquiring home.
Business News and Gossip.
The tone of the street yesterday was rather |
bearish. Holiday sentiment is seldom buoy-
ant. !
1t is said fire insurance rates all over the |
country are to be increased. Boston has i
started the movement. !
Plans have been prepared for an extensive |
addition to the lower Allegheny shops of the |
Pittsburg Locomotive Works.
Pittsburg is full of building schemes for |
next year. Should there be no labor trouble |
great progress will be made i'll providing |
homes for the people, SO says the Southern |
LumbTmdn.
Arrangements have been completed for |
enarging the pipe works at Emaus Pa
Five permits we're issued yesterday for |
new buildings and improvements, aggregate |
The statement of foreign commerce for |
November shows the value of exports of |
merchandise to have been sllO, leo, ,a2O, the
largest in the history of the country.
T. p. Hershberger has sold to John Weaver
a house and lot on Main street, Thirty-sixth
ward, for $6,000
At the last call yesterday Electric pre-
ferred was offered at 20 and Electric scrip at
90. Birmingham Traction was offered at |
ls1%, and 35I was bid :or Manchester
The keystone Bridge Company of Pitts
burg has been awarded the contract for the |
iron and steel work of a new union depot to
be erected at st. Louis at a cost of s3OO,OO0
January disbursements at New York. Bos-
ton and Philadelphia will aggregate SIO0- !
0t0030. Pttsburg's disbursements will be
about 81 500 600.
in December, $432, ,454. Decrease, $63 326
1t is officially announced that the voting
trust of the Westinghouse Electric and Man.
Company has been terminated
be exchanged at the office of the Treasurer
Of the company, 800 Broadway, New York |
City, for stock certificates of the company
for the same amount and kind of stock as |
the certificates surrendered.
The Freehold Bank will next Monday
choose directors for the coming year.
DuqueSne Traction weakened a little mora !
1t was bid down to l5 and Of !
lered at i714.
Movements In Realty
1t is understood the Leonard property
will be formally transferred to Joseph
Horne & Co. some time this week. The con- !
idera ton will approximate $500, ,0O0
q. B. Hart sold for Captain j. w. Nc
ntyre, in Coraopolis, lot 79xS7s, fronting
IN State avenue: also four lots 4Ox2OO feet tn |
u A. Ross for 81 600.
Black & Baird sold to S. G. Winterburn 1ot |
No. l5 in the J. H. Wilcox plan, Hazel
v ood, fronting "a feet on Smith street by 100
II depth, for $3.50. ,
s. A. Dickie & Co. sold for F. H. speer to
& uar fxr<,