Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-04
A SURE INVESTMENT.
Why Business Property Has a Strong
Hold on Popular Favor.
CROWDING RESIDENCE QUARTERS.
Discovery Of New Gas Field Strengthens
the Backbone of Fuel Stocks.
OFFICE AND STREET NEWS AND GOSSIP


| u,ha reoscn ,wby bus,nass ,,r,,,or+,- ;s q,
Inc reas1h "ny BUSINESS properly Is III
| sucn nlSh IaNoI 10 tnat IL Is Tree TO large
| extent from the element of uncertainty
which environs property in the outlying dis
| tricts where the surroundings are liable tc
cons+ont cbonge Tbe do,vo.to,,,, d;strict Is
| ,o--o.a, -, I,',s;,,,s. T. :; - - ,.,.a;,,oss
devoted 10 business. It rs used by business
! men for business purposes, and landlords are
not compelled to humor the whims and
caprices of miscellaneous tenants. 1t is
easily cared for ana tine income is certain.
In growing CITY ike flttspurg the business
area Is cohslahty wluenine anu reachihs
out, ana resluehce locahtles TINS year may
De changeo TO tnose OF stores and shops the
! next.
A few years ago MT McWhnney bought
large frontage on WOOD street. WhklnsDurg,
anu put up seVeIai resIuences on IT, lIis s
ePaeo Is iio" iiecuo,' -ei ousii'ese' ino ''nis
onahso mas - on L Tnn Nv enuo anu
other streets IN flttspu1g. 1hese instances
serve 10 enlpnaslze the point sough9 10 ne
Drouent ont-that oown-1owh properly, ny
reason CT IT'S hAeuness' Is Always esVeenneu
Soou ~ inN estiIien., ~ sren "nen uouen. oI :"
- .,, 9,o.e' o"'ls Un"n Pp.l:t
az ~ Uno Iapiui! onansns ioeiuenSo ~, :.
vi ccurse' thls does not lower the Vaiue VI
residence properly, but merely ados 10 tne
uncertainty, as the inroads of business may
entirely change It's surroundings IN 1ew
years:
ms nGaeuIe & ol tne -; re te,il es.a'e a I'm % n
isus hownere eise IN lne same uegree US In Ia
= OIitoi o,'ie5 ma @ liO.o a; -
area tnai tney neeu. mere eApaIsion Is ~
great and constant that steady invasion OF
Sne resIuence Ioculities Is going on, auu tnS
! nne u"enlng OF Io-uay may oe cont se. teI'eu -
tio tiico i stole re to-norw ls L;-h
nrioes Of SnsineSs i'm SS n,n,,ert, -0-
business News and GOSSIP.
Tho ,ot morRet is excentionollv active
- f.aaN ~
anu Us Ies"i1 o"hefs VI aorease afo ue
manolng 1ull prices.
There are indications that by the middle of
this month activity in the bond department
of the market will be very marked.
The July dividend nm SMEAR common stock
hos been offered on the Roston hoard of A
per cent.
Bradford parties are negotiating for large
tract of land on the Northside
For the third week in May the Ohio River
RoiIroad rarorts an increose of a. az tho
naii,o"u iepoios "A ii'0i io'so "a SA1f'' 'no
total belng Slo,5U0.
Lots in the new town of Kensington are
selling yery fast. In addition to the indus
trial enterprises to be put in operation there
as previously mentioned, work will soon be-
gln on large Dullolng TO De USED as a drug
ho,+ s,o ooo ooo ,o,, Ir,;,, poo;ec bonds
bone %eon "rSered IN nr;ntaT Int will not he
ready to issue for seven or eight tweeks.
The Enqinee7ino and Mining Journal SAYS
l3c is being paid for large lots of lake copper
after l21Sc had been accepted in the early
part of the week.
l.. NJ. Plummer has been elected Director
of the Tradesmen's National Bank, in place
of William Vankirk, resigned. This is pen
sion day at this bank. The number of pen
sions is on the increase Last quarter about
800 were paid the first day, the amount of
cash disbursed amounting to over $50, 900.
The Baltimore Clearing House has voted
that no member shall clear for an outside
concern after July under penalty of expul-
sion.
month is S17, 1872 6O3, and dividends s7,97s 237,
total of SIS $50, $40 against So 995 e66 in 1890
Citizens Traction IS were bid up fraction
and offered down q point yesterday as an in
ducement to buyers.
Inc natlonal DanK repositories now noIu
cInSes %;sbnrsin1 offIccrs' balances
Nearly s., oOO,OO0 gold was shipped from
New York yesterday. Total this week, So
oo39oo. huhn, Loee a 70; " a VIII snip soooeoo
eIla on 'nS TorlanHde , MA iss sSSor.s p1eos,t
vaiSa,S. si long soiu -" oii"ie' i'"'
'aiief Nv ~
The Building Record.
porr,;+s for Tho araot;on Of +ha fo,Io,,,;,,,
,,-..,,;s .s 49, ~, w go, '-a..o,,, INC
pu,iulnes were tssueu see'eIuay:
Mr.. Sweenly, frame two-story stable, l6x2O
feet, rear of Eveline street, between Liberty
and Harriet, Twentieth ward. Cost, 500.
PAT Smith frame one-story and bosement
dueIling I6yI6 feet IN TarreI street neor
Toyior Siyteenth ward Cost s45O
TradaricE Wnlho, iron-cied ,oT,eOs+o,,- tool,
hnnso aorao feet coyner smaJI,noS oUd
TTirty-third streets Fifteenth ward Cost t
s5o0 "
Patrick McCormick. frame addition tbree
storI. dweIIing 1sy2s feet on penn ayanne
IT, IT, ell ~ y,-ard' Cost al ooo ' i "'0e'
NJ or'" - ,.r1a.,,rth ,'oo odd;.;o,, .Lo,
~ p;I Ie,1t iSe faae 1Iue,1h TnItant snree
sSoiy uNIhlnS, & Ct tep, sI eoi'ai' square'
roureeeh.n g Is Matu, a ~ Us, Sh.o
oaes Nv m aaIoo e. W. ~, t, ,seo sneos Ior
s.olaS1, Iito IOA ov oo,,eI SoAIo Icy
on HliSs nies; snoH;S tr,t Eht -elsntn
<1pu 1I. - 40 iA S'No''' ANiShn"ii "oiu-
COST SZ'VW: &,, .
d. %. hultOh. lIame Gwo-story a9ultlon
dwelling, 4SA Ieet, on bertha street, Thirty
second ward Cost Seoo
Movements in Realty.
E,h,, Pros of .hs Foe. F,d ho-o ,.
- ooo..1on g.. - S..a ~ - -
chased ZooSl5o feet on sherman avenue for
$500. This is part of the tract that recently
nassed into the hands of Moreland a Hass
real estate agents. Itis understood that the
Messrs Kuhn will improye with n business
house and several dwellings,