Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-30
POINTS IN REALTY.
Contract Let for a Block of Nine
Dwellings in Lawrenceville.
COSTLY MISTAKES OF BUILDERS.
Local Clubs Looking Around for Places for
Their Permanent Homes.
THE TRENDOF MONEY AND SPECULATION

ant addition to its residence capacity. Mr..
L. o. Frazier yesterday let contract for a
block of nine two-story brick dwellings on
Fortieth street, which will cost about $780,
600. Work is to be urged forward as fast
as possible, so as to have the job completed
BY the end of the year.
Mr.. William Simmons is talking of put
ting up five of a similar design on the same
street. Massena Bros are furnishing ma
terial for large double house for Mrs.
| Taylor, at Brushton.
Instances of Careless Building.
In building, as much regard should be
had for the future as the present. Many
fine properties are often rendered compare.
lively worthless for want of forethought on
the part of the builders. Three or four
years ago several handsome residences were
erected on Hill street, Williamsburg. The
owners appeared to take it for granted that
no change would ever be made in the street.
They made a costly mistake. The borough
council ordered the street to be graded, and
in making the necessary level some of the
houses on the upper side of the street were
left eight or ten feet above grade and those
from the front was practically cut off, This
property would not sell to-day for
anything like what it cost If
the owners had taken tine precaution to
obtain the grade before building they would
not have been subjected to this loss and in
convenience.
Fifth avenue, above Smithfield street,
was built up regardless of the possible re-
moval of the hump, an oversight, or fault,
which may cost a big sum of money some
time. Diamond street affords another il
lustration of carelessness in building AT
Roup a number of fine properties have been
seriously damaged by street improvement,
which the owners ought to have anticipated
and provided against. No one should build
on the theory that his environments will
never be changed. This is an age of pro-
gress, the wants and necessities of the peo-
pie are constantly widening, new streets
must be opened wherever and whenever
needed, cost what they may. BY keeping
these considerations in view, home founders
would often save trouble and expense to
themselves or their descendants. 1t is
simply foolish to put up fine house on the
edge of a narrow street, or where one is
likely to be needed in few years, and
equally so to pay no attention to the grade.
In building, as in other things, ga stitch
in time saves nine"
After Permanent Homes.
Several of the leading political and social
organizations of the city are on a still hunt
for sites whereon to erect club-houses. The
Columbus Club has almost settled on site
on Sixth avenue. If this deal has the good
fortune to 60 through, it will in all proba-
bilite result IN building which will be an
ornament to the city.
The Americas Club has not abandoned
the idea Of putting up a building of its own,
but it is not likely it will make move in
that direction before next year. One of the
members said few days ago that they had
had a good offer at Shadvside, which had
been taken into consideration.
Business News and Gossip.
1t is expected that considerable acreage
will come into the market on the Southside
next spring.
w. NJ. Bell reports rapid sale of lots in
the Evans estate plan, McKeesport. A
building boom is expected there next year.
An experienced broker remarked yester-
day: "It is impossible for any street car
line in Pittsburg to haul enough passengers
at cents to make it paying business" "
There may be food for reflection in this
statement.
Hazlewood is busy, growing place aud
a great manuf5 curing center. The sale of
lots there next Saturday by Samuel w.
Black & Co. should attract large attend
ance of home-seekers.
John D. Bailey sold 25 shares of Mechan-
les National Bank stock at 112X-a frac-
tion below the price realized last week.
E. H. Watkins has sold his residence
property, on the corner of Parker and
O'Hara streets, 13-roomed house, and lot
60x95, for $4,000 cash.
.Aspinwall has good prospects for rapid
transit. This is all that it needs to bring
it into line with other progressive COM
munities.
1t is understood that all the preliminaries
have been settled for widening Perrysville
avenue, and that work will begin next
spring.
A piece of Third avenue property is
about changing hands at figure somewhat
higher than realized at any previous sale
The capita, stock of the American Steel |
Barge Company, manufacturers of whale |
back steamers, has been increased from |
81, ,000, 900 to 81, ,000,00G
Owing to an amicabe agreement the sale |
of Third National Bank stock did not take |
y
that it had been withdrawn.
Stockholders OF the United States Glass
Company will vote on the question of in
creasing the capital stock on October II.
The election of president and managers of
the Monongahela Bridge Company (Smith-
field street) will occur on the same day.
The Office of Rea Bros. and Company re-
mains closed. One of the firm stated yes
terday that the prospect for resumption was
more favorable
National Lead Trust certificates are being
turned in rapidly for exchange into certifi-
Gates of deposit, the last named being ready
for delivery.
Movements In Realty.
Battensperger & Williams closed the sale
'or Samuel McAleer of a property on Cliff
on avenue, Allegheny, consisting of lot
25x lOO with n six-roomed frame house. for
Z, 900
Potter Shields sold for the schenley Park
Land Company to Arthur f. Carrier two
ots 25Nlt5 feet each on shields street, for
y, ESQ cash.
J. Pentecost sold lot "a in his Valley View
plan, Cbartiers Valley Railway, with one
story frnmc building, for S375.
5. A. Dtckic n Co., sold Tor NJ. NJ. Cowley to
W. Il. White property ON Deniston rvenne.
.S... s,aI viIauu >treyt, IOL Z4All3, with u two
story frame house, for =, 7UU.
\. H. Bvcrs 4 Co, SOLD Ia. John 4. Cooper |
10 william j. Parker, ESQ. lots Nos. lj5 and
100 la the Northside Land Associations plan,
est bellevue, fronting u feet on Cleve-
and avenue and extending back II distance
1f lO5 feet to an alley. for $3.50 cash.
Black & Baird sold to John Gilman for
Murphy and Dicbold n brick dwelling on
W ick street, Eleventh ward, with lot 2IxlOO
feet. being No. 80 in the Lippincott plan, for
s3 COO.
George Schmidt sold another flve-roomed
house ON Lookout avenue, being on lot No.
ls5 in his Eureka place, Oakland, to John
X kedfern fnr % nm |