Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-31
Another Apartment House.

CHedp, IneV Will De prOuVdDlc ueEe, "hClo
they are an absolute necessity.
Reducing Interest Charges.
1t is stated that the Cleveland and Pitts
burg Railroad directors have decided to
issue a general mortgage of $4,000, 900 for
the various purposes of retiring outstanding
issues and providing new bond at a lower
rate of interest, to be paid to the Pennsyl-
vania Railroad Company, as lessee, in lieu
of the per cent construction and equip
ment bonds. On January over 81 100000
of outstanding bonds will mature. The
holders will be offered in exchange new
per cent bond. 1t is expected that about
$3,OO0,O 900 will be put out. Stockholders
will meet at Cleveland to consider the mat
ter November IS.
Why Stocks Are Strong.
A New York stock specialist says: ''The
chief cause for return of bullIsh feeling in
share speculation is unquestionably the de-
cidedlv easier condition of the loan market
and the indications which have already ap-
peared of larger demand for bonds and in
vestments. Throughout the autumn the
fear of tight money acted as deterrent to
the continuance of rise in prices, and
apart from the artificial disturbance caused
by. the Missouri and Union Pacific compli-
cations the collapse of the recent boom is
to be ascribed to the closer working of
money and the incipient stringency which
made It's appearance about October 1. Since
that time the money market has steadily
improved and apprehensions of stringency
are no longer entertained
The Building Record.
Five permits were taken out veste rday
for the same number of improvements. The
most important was that for the Times build
ing, on Fourth avenue, an eight-story struc-
ture of stone, steel and iron, which has been
fully described in THE DISPATCH. 1t is
estimated tocost S230,000. F. j. Oesterling
is the architect and G. A Balph the
builder. The other permits were for the
| usual class of buildings, the estimated cost
of all being SC, S05
Business News and Gossip.
1t is probable the Exchange will be closed
on Tuesday, election day. The question
will be settled on Monday.
The new piano and organ factory at Mem
delssohn is in operation. This is new
business in this meek of the woods
town, o., has increased its capital stock
from $40, 900 to $4,000.
Two important industrial concerns are
erecting plants in the Tenth ward, Allie
gheny, and two school houses will be built
there next year. This is a progressive dis
trict.
A new sugar refinery, with capital of
So, 900, 900, is to be started in Philadelphia
Immediately. 1t will be called the McCa-
han Refinery Company, with w. j. McCa-
han, an experienced sugar refner, as presi-
dent.
Judging from the number of large trans
actions in real estate in the last few weeks,
the market is as active as usual at this
season of the year.
Messrs Morris & Aisbitt report that sub
scriptions to the capital stock of the Pitts
burg Gas Coal and Coke Company are pro-
ceeding satisfactorily. There is no indi-
vidual liability. 1t is home enterprise.
Uniform fare and interchangeable tickets
to all parts of the city was the sort of street
talk in vogue yesterday.
George Trautman. w. A. Hoeveler and H.
c. Fownes have applied for a charter for the
Allegheny County Sanitary aad Manufactur-
ing Company.
Movements in Realty.
A. j. Pentecost sold for the estate of
Thomas Roswell a lot on Penn avenue,
Twelfth ward, e4xl0O. with two brick houses
on the avenue, known as Nos. 2025 and 2O27,
and two frame houses in the rear, for So. 300.
Hoffman & Baldridge sold lot No. 10 on
Palmer place, Swissvale, 4Oxl20 feet to an
alley, or $500.
NJ F. Nipple & Co. sold for the B. A. Elliott
Company a lot on rerrysville avenue 20 feet
front, for $500; dwelling and two lots in the
city, size about 50x110 feet, for So 10O also a
farm in Virginia of over leo acres a 50, 900;
also a piece OF ground of 10 acres near the
city at $1,C00 also a house and an acre of
ground in the suburbs at 81, 800; also an in
terest in a residence and large lot in the
East End of 5000.
A. z. Byers & Co. sold for the Ridgeview
Land Company to HI. B. Rose lot 56 in their
plan on the line of the California avenue
electric road Eleventh ward, Allegheny
City, in size 56xl60, corner of California and
Davis avenues, running through to Michigan
avenue for S., 500.
Reed b. Coyle g. Co. sold for Samuel Wat
son lot No. 2s7 in his Watson Place plan,
Watson boulevard by 125 feet in depth to
Chemung street, for $500.
John Z. Ewing g. Co. sold two lots 2Ox100
each, on Grant avenue, Tenth wsrd, Allie
gheny, to Mrs. Annie NJ Smith, for r, G. |
Rohrkaste, for $500.
Black & Baird sold to Allen Graham lot
4l n the Alta Land Company's plan, on !
Duquesne Heights, for $25, payable So per
month
w. A. Heron & Sons sold three lots, 2OxS4 |
feet each, on Winebiddle avenue, Nineteenth
ward, about two squares from Penn avenue, |
East End, for $500 each. The purchaser will |
improve same at once.
Charles Soiners & Co. sold for Mary Pur-
cell to Robert Perret, q residence property |
situated in the Eleventh ward, Allegheny, |
consisting OF frame house of seven rooms, !
with lot fronting 29.9 feet on Mcclure av- |
enue, and extending Sc feet to the line of the |
Pittsburg, Ft. Wayne and Chicago Railroad. |
Consideration, 81, 500 cash.
George Schmidt sold for William Ander- |
son farm of 2l5 acres situated near Ligo- |
nier and known as the Nicely farm, for |
$1,000, to Pittsburger.
The Burrell Improvement Company re- |
port the following sale of lots ut Kensing- |
ton: Joseph Behavry, Allegheny, Pa, Lot |
lis block Z, for 1915 90; Jacob Wagner, Du- |
quesDe, Pa, Lot Jag, block 2, for $3.50 90; Roz-
mus Walenty. Pittsburg, Lot l92 block 8, for |
s255 90; Pasquato Reioma1ito Pittsbnrg, Lot |
(north half 21 block s, for $3.50 63; Duncan
Anderson, Logans Ferry, Pa, Lot A. block |
8. for s26 %: Mrs. Grace Malone Pittsburg.