Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-16
POINTS IN REALTY.
Dealers Confident the Fall Trade Will
Come Up to Expectations.
HISTORY OF COMMERCIAL ROW.
New Manufacturing Towns Outlets for
Pittsburg's Expansive Energy.
ACREAGE WANTED FOR SUBDIVISION

DTOherS report gOOQ anu growing Al-
quiry for real estate, and expect a decided
revival in business in short time 1t is
worthy of note that after comparatively
inactive summer there are no concessions to
be had in prices except in a few cases where
owners are pressed for ready money. Those
who think differently have only to go into
the market as buyers to find out they are
mistaken.
Mr.. Edward Houston has purchased a
residence property in Ira NJ Burchfeld' S
Oliver Terrace plan, Hazelwosd, for Sc, 800
cash, and will occupy it at once The lot is
sOx116. The building is a well-fnished
twostory frame of eight rooms.
"Vieux Temps sends THE DISPATCH the
! following in regard to Commercial Row, to
which allusion was made in this column a
| few days ago: Commercial Row. on
Liberty street, was built in 1888 by Galway,
Watson and Scott The row reached from
the corner of Wayne, now Eleventh street,
to Wallace's marble works opposite the head
of Smithfield street. The Union depot occu-
pies the grounds of the Methodist burying
ground and st. Patrick's Catholic Church.
The old canal and warehouses occupied
Liberty from now Eleventh street to Pike or
| Thirteenth street. Commercial Row, as it
now stands, was wonder at the time it was
built. Six or eight four-story brick stores
all in row were big things for Pittsburg at
that tina" As stated, there is talk of re-
placing two or three of the buildings in this
low with large modern structures.
Those who complain of a lack of snap in
general trade, as compared with last year,
should bear in mind that there is less idle
money now than there was the". That was
for the most part period of apprehension,
and financiers kept tight grip on their
money bags. Crops were light and there
was very little call from that quarter. Now
they are immense, and the bulk of available
funds is employed in moving them, leaving
but little for investment in real estate,
stocks or bonds. In short time the harvest
will be out of the way and money will begin
to return to other channels of trade, result
ing in a general revival in all lines of busi-
ness. Special and individual embarraSs-
ments do not affect general industrial con-
dltions, which are sound and aggressive.
kF
The rise OF industrial towns around Pitts
burg is q favorable sigu of the times, show
ing that the misunderstanding interests Of
Pittsburg are expanding SO rapidly that
more room is necessary for their accommo-
dation. These new towns are not inimicai
to the business of the city. This is the mar
ket whence they draw their supplies and
where they distribute their products to con-
sumers. Their promoters, or most Of them,
having their homes in the city are as closely
identified with, and as solicitous for, it's pros
perfty as if their mills were located on the
Southside or in Lawrencevllle. These thirty
ing colonies are outlets for the expansive
energies of Pittsburg, and emphasize in
way that cannot be misunderstood her i'm
portance as manufacturing center. They
are aids, not hihderances, to her in indus.
trial Developments.
Wood, Harmon Co. are getting things in
shape for an active campaign next spring.
A representative of the firm said vest erday:
Conveniently situated acreage, such as
Pittsburg home-seekers desire, is becom ing
scarce. After long search we have found
a piece that suits our purpose and have
opened negotiations for its purchase. If the
deal goes through IL will make quite stir in
real estate, circles"
Business News and Gossip.
Thirteen purchase money mortga were
on file yesterday for record.
Drinkers will be the terminus of the
Williamsburg branch of the Duquesne road,
under the present arrangement.
Stock trading continues slow in spite of
the return of gold from Europe. Caution in
speculation is always to be commended.
George Thornton will soon break ground
in Temperancevi1le for q three-story bust
ness house.
At the last call Yesterday Manchester
Traction was offered at IS.
Several brokers spoken to yesterday ex.
pressed the opinion that the proposition to
ratify the sale of the Garrison alley property
and switch the mortgage would be agreed to
at the switch and signal meeting to-day,
E. E. Dearborn has sold to c. D. Latimore
a residence property in the Twenty-third
ward for 5000.
Hooking Valley July gross increase. s4l,-
$40, Is per cent; net increase, $49775, 80 per
cent: for seven months to July 81 gross in
crease, Sis, 149, per cent; net increase, $4e,-
420, per cent.
The Moorhead-M McCleane embarrassment
was widely discussed in business circles yes
terday. The drift of opinion was that it had
done all the harm it could.
A permit will be applied for this week for
a large iron-clad factory near Union station
The sale Of the Patrick May estate, on Sec
ond avenue, was yesterday postponed till
Tuesday, September p, at 10 A. NJ.
Movements il Realty.
W A. Heron & Sons delivered the deed of
a beautiful building lot on Center avenue,
Shadyside, 100x20O feet, for $40, 1000 The
purchaser intends to have plans prepared
and build at once.
Black & Baird sold for G. c. Hartman to
John C. Schaffer, the Fifth avenue jeweler,
a lot 25x13O feet on Oakland avenue, Oakland,
for s., 75O Mr.. Schaffer intends to erect a
fine stone front residence on this lot at once.
John X. Ewing & Co. sold for F. G. Rohr-
kaste to Mrs. Susan r. Woods q lot 20xlO0 on
Grant avenue, Tenth ward, Allegheny, for
s2C0, on monthly payments.
Charles Somers & Co. report the following
additional sales of lots at Blaine: Joseph
Martin, city, lots IS and 46, in block 9, $lOO
each: John Cunningham, city, lots AZ and 50,
in block 9, $4cO and $500 respectively: N. Has
felt, Allegheny, lots 56 and 81, in block 8, $3.50
and $500 respectively; William Means, city:
lot Z, in block TO- $400: George Hoffman, city;
lots AZ and 4s, in block 10, $3.50 and $500 re.
spectively; John Schmidt, city, lots lOl, 1O2
and l03 in block 9. $500 each; Sarah Osborne
Johnstown, Pa, lot 10, in block g. $3.50; Rob-
ert Kempler, Marietta, O., lots IS and "a, in
block 8, $500 each.
George Schmidt sold another lot on Miami
avenue, being No. in his Eureka place plan,
Oakland, to Samuel Smith for $500
s. A. Dicde & Co. sold for B. Minton to
John W. Moore, through Howard Brown, a
Keely street, in the Bank of Commerce addi- I
ton plan. Terms private.
Samuel W. Black & Co. sold for Mrs E. A.
Sullivan two lots on Second avenue, Glen |
wood, 52xl20 feet, on which is erected a one
story cottage, for S2,600 cash.
The Burrell Improvement Company report |
the following sale of lots at Kensington:
Angelo Randolfo, Pittsburg. lots 81 and 6s,
gheny, lot H. block I, for $3.50.
The Building Record.
Eight permits were issued yesterday for |
the same number of improvements, costing.
as estimated, $l5,956.
Mrs. Henderson, frame two-story dwelling. ON |
Alder street. Twentieth>ward. Cost 81 loO Louis |
Gross, frame two-story dwelling, on bolt street,
ward. Cost, s795. William |
Geager, frame two-stery dwelling, on Boouet |
Lee, frame addition to dwelling OH Norton avenue.
ward. Cost, $3.50. Mrs. Nora |
nue., twenty first ward. Cost slf5 Mn Mrs. Msry hys
Ann French. frametwo-story dwelling, on Morgan
street. Thirteenth ward. Cost, $500. Mrs. Mar
garet Blum, brick three-story store and dwelling |
On Liberty street Sixteenth ward Cost "a "a