Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-06
TWO MORE BIG DEALS.
The Messler Property on Smithfield
Street Changes Hands.
A LARGE SALE AT BLAIR STATION,
Where Two Extensive Local Glass Compa-
nies Will Erect New Plants.
FEATURES OF MONEY AND SPECULATION

Baird had sold the MeSsler properly, Nos.
All and 413 Smithfield street, near Fourth
avenue, to well-known capitalist, for
$780, OO0 Mr.. d. p. Black, of the above
named firm, was seen in reference to the
matter He declined to give particulars,
but as much as admitted that the sale had
been made.
Mr.. Messler purchased this property
| through the same firm that sold it for him,
less than two years ago, for Ss0,C0l.
Important Deal aI Blair Station.
Still another big sale has been added to
| the list of current transactions in real
estate. The deed for So acres of land at
| Blair Station, jefferson township, this
! county, was yesterday transferred from
| William Guckert, the well-known oil pro-
ducer, to the Blair Land Company, for $5O,0 ,0OO
| The sale was effected through Messrs. J. B.
Larkin & Co. and is one of the largest and
most important of the season. OF the par
| ticulars Mr.. Larkin said: "This tract of
| land is one of the prettiest on the
Monorgahela river and it is as level
as table. 1t has a frontage of about
| 1000 feet on the river and Pittsburg, Vir-
ginia and Charleston Railroad and is in
the center of the Elizabeth gas field and
also abuts the Peters creek coal fields. The
purpose of the Blair Land Company is to
establish manufacturing town and to put
this land on the market at once. Two of
the oldest established glass plants, the L.
Campbell Company and O'Leary Bros. & Co,
have contracted with Mr.. Blair to be in COM
plete operation by next september, and
other industries are contemplated. Mr..
Blair is having the station removed to Der-
init the Pittsburg, Virginia and Charleston
Railroad Company to make important i'm
proyementsand to give such additional 1acll-
tiles for business as the new conditions re-
Quire.'
Blair adjoins Mendelssohn, where the new
piano works are located. and promoters of
the new town say that, with the good start
1t will have, it will soon be formidable
rival to Duquesne. 1t possesses all the ad-
vantages necessary to make it a manufuc-
turing center. Mr.. George S. Fleming, of the
drug mouse of Joseph Fleming & Sons, is
PRESIDENT of the Blair Land Company, and
has associated with him number of we'll
known business men.
Sellers and Buyers Apart.
As an indication OF the favorable condi-
tion of real estate in and about Pittsburg,
firm on Fourth avenue reports having had
offers within two weeks on eight separate
pieces of property, including city and East
End improved and vacant lots. The total
price asked was $59, 30 and offers were Ssh 100,
showing q difference of only s., OS0, or about
8 per cent off the asking price. This is cer-
tainly an indication of confidence in the
future by owners of real estate, and also in
dicates that buyers will have to advance
their ideas of values or fail TO get what they
want
The feeling among real estate men is very
hopeful for a fairly active fall trade at rea-
sonable prices, as the inquiry is good and
all that remains is for buyer and seller to
modify little both ways.
Business News and Gossip.
The lumber trade is reviving, and the out
look is good. 1t is worth about SC, ,0OO,00O u
year to Pittsburg.
Local railroads have all the freight they
can carry. This shows that Pittsburg in
dustries are flourishing.
James j. McVay has sold to Martin Meyer
a tract of land in Knoxville borough for
$1,000
The pine lumber manufacturers of North
Carolina have organized in a combination to
reduce the output and advance the price.
The annual meeting of stockholders of
the Allegheny Heating Company, called for
yesterday, was, owing to lack of q quorum,
postponed until Monday morning, the 10Th
instant.
Among the charters granted at Harrisburg
yesterday were these: Citizens Street Rail-
way Company, of Scottdale, Pa; length of
line, three miles: capital stock, S5O09O: Presi-
dent, j. d. Hill, of Scottdale. The Ella Coal
Company, of Mckeesport; incorporators,
William 5: Kuhn, j. H Pardy and John R.
gheny; James S. Kuhn, of Mckeesport and
A Z. Clancy, of Bellevue.
The organization of the Allegheny Valley
Railroad is in process of consummation The
road will soon be sold, diverting the lien of
Il number of securities and distributing the
proceeds of said sale among the holders
thereof. There will be issued first preferred
per cent cumulative stock to the amount
of SlJ, ,000,000, or as much more or less rs may
be necessary, to effect the object i'll view. 1t
is further proposed TO issue S5,OOO,0O0 COM
mon stock to such shareholders share for
share, shall sign the agreement and pay
S5 cash on each share OF their holdings.
There was q busy time yesterday ut the
Trndesmens National Bank. 1t was pen
sion day there.
The steamship Kaiser brought s., Ass, 900
gold to New York from Europe.
There was heavy frost yesterday morning
all over Iowa, Nebraska and northern
Illinois.
complete new set of silver certificates
will soon be nlaced In circulation by the
United States Treasury:
The adjourned sale of lots by Samuel W.
Black & Co., at HaZelwood, will take place
this afternoon.
Movements in Really.
Baltensperger Williams sold ten more
lots in the Ingram villa plan, at Ingram sta
ton, being Nos. Is. l6, II, IS, 10, 90 o. D. %
and "a, each fronting So feet on Wilson ave-
nue., and having depth of JAG feet to an
alley. The consideration approximates
$50, COO. The purchaser will improve the
property by the erection of number of
fine dwellings in the spring.
Hoffman & Baldridge sold two frame |
houses, one of six rooms, the other of four,
on a lot G6xl32 on the corner of Ross and
Water streets, Williamsburg, for $500.
A. J. Pentecost sold lot No. 70 in his Valley
View plan, CHARTERS Valley Railway, with |
a one-sto1v frame dwelling, for $375
Black 6 Baird sold for r. H. Hay to s. II.
Wilcox lot No. Sc in Valley View place ad-
dition, having Il frontage of % feet by
IL laI1th nf nat tn n
Sloan & Co. sold II frame dwelling OF six |
rooms, in Williamsburg. TO E. X. Fiatkowski
for II. C. Mckee, for 81 Coz.
s. A. Dickie Il Co. sold to Mrs. +. D. Ament |
a vacant lot on Emerson street. Twentieth |
ward, 25Xla0 feet, for Sl,350 The purchaser
has already begun the erection ofa frame
dwelling on the premises
Baxter Thompson Il Co. sold lot No G. |
Ruch place plan, fronting - feet on Krkpat-
rick street. and extending back 1G0 feet TO
20-foot alley, fOr $500.
Charles Somes & Co. placed II mortgage of
81 500 for one year at per cent on residence
property situated at Bellevue, Allegheny |
county, Pa.
The Building Record.
Eleven permits were issued yesterday for
Is improvements the cost of all being esti-
mated at $3l sos.
Frank W. Speer four frame and brick two-storv
and mansard dwellings, on Fifth avenue Twenty
first ward: cost $500. c. C. Riuehart, frame |
two-story stable on Center avenue, Twentieth
ward: cost 81, S75. John Armstrong, brick two
story and mansard dwelling, on kirkpatrick street
Thirteenth ward; cost, $4,000. Agnus +. Scissor,
frame twO-story and mansard dwelling, Hazel |
wood avenue. Twcnty-third ward; cost 81 40. |
Bel! s Caldwell, brick two-story dwelling, on !
Bell & Caldwell, brick two-story dwelling, on |
Friendship street, Twentieth ward; cost S. 5Od DIR.
l.. J.. Davis, frame two-stpry dwelling, Hazel
wood avenue. Tweuty-third ward; cost, 81, OoO. |
-Four Others at total cost OF s. 400.
CASH IN GOOD SHAPE