Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-27
TRADE OF THE WEEK.
Nothing but Good to Be Said of the
Situation and Prospect
EAST END REALTY CHANGES HANDS
Oakland Property for Rent or Sale Just
Now.
AN IMPORTANT BUILDING PROJECT

Business during the week Give days) was
of u holiday character. The volume was
large in the aggregate, but there were no
new features or influences. Money was
easy. Sales of stocks aggregated 2, 300 shares,
of which Luster, Philadelphia Gas and AL
legheny Valley Railroad furnished 1,666.
The feature was a decline in Luster to the
lowest point in its history. Support was
found, however, and nearly all the loss was
regained. The dropping tendency of the
market at the finish on Thursday was due to
holiday influences. The sentiment Of the
street yesterday was strong and confident.
East End Residence Sold.
During the week M. F. Ripple & Co.
sold a residence property for H. s. A.
Stewart, corner of Negley avenue and Hays
street. consisting of 15-room house and
lot, 70x150, to Mr.. N. Brace, of Brace
Bros, for $4,000. The purchaser will
occupy the place as residence.
Heart of the Valley.
What Is known as the ''Hub" Of East
Liberty is bounded by Highland avenue,
Station street and the railroad. 1t is the
heart of the Liberty valley. There is very
little property for sale in this quarter,
although values are not at fancy pitch
considering its business Importance. The
latest reported sale, that Of the Harrison
property on Penn avenue. was at the rate
of about 5000 foot. Property in the i'm
mediate vicinity is held around 81, 900. The
Liberty National Bank would like to ac-
quire the Wilson block, corner of Penn
and Frankstown avenues, but there is no
likelihood of such deal taking place.
Among Improvements talked of in this
locality are hotel and an opera house.
Lawyer Invests.
Five acres in the Eighteenth ward, hav-
ing a frontage of about 600 feet on Stanton
avenue, belonging to Negley Seeley,
changed ownership yesterday, the purchaser
being a well-known member of the bar.
The consideration was S12, 900, or So, 400 an
acre. 1t will be subdivided and put on the
market in the spring. This property is
close to the 10-acre tract recently purchased
by Mr.. Joseph Loughrey. The fact that
backward districts are attracting the atten-
tion of investors is an assurance that they
have confidence in the continued develop
ment of the city.
A Good Story Spoiled.
Among reports in circulation yesterday
was one to the effect that W. f. Casey had
leased several hundred feet of Schenley
property extending from his row on Fifth
avonue to the Bellefeld schoolhouse, and
would erect 80 OF 40 houses thereon.
Colonel. W. A. Heron, Mrs. Schenley's
agent, was seen and said that Mrs. Schenley
had not leased anv of her Oakland property
fronting on Fifth avenue to Mr.. Casey or
anyone else other than that which was
leased three or four years ago, nor is any of
it for rent or sale at the present time
Buildings for the Week.
Twenty permits were taken out last week
for the same number of new buildings and
aggregating s117,1oO. The
largest was for Captain Vandergrift's eight
story Office building, corner of Wood and
Water streets, which, as estimated, will cost
S95, 900. The previous week 1S permits
were issued for 21 improvements, aggregat-
ing S33, sos.
Greenfield Avenue Development
There is strong probability of some i'm
portant transactions in realty on or near
Greenfield avenue early in the new year,
but negotiations are not far enough ad-
vanced to justify publication. It is no
breach of confidence, however, to say that
one of the schemes referred to involves be-
tween 30 and go houses. This fine location
has been brought into prominence by the
construction of the Second avenue branch
line, cars on which are expected to be in
operation within two or three weeks.
Business News and Gossip.
Mr.. D. c. Kuhn is putting stone front in
his building on Penn avenue, near Collins
Mrs. Gusky's stone house on Fifth avenue
will be finished by April l. 1t is said the
woodwork alone will cost upward of $50, 600.
John D. Bailey yesterday sold "on account
of whom it may concern" $3.50 shares of
East End Electric Light Company stock at
prices ranging from 50 to SIS. As there was
only one broker among the bidders, Al.
Lawrence. all the rest being bankers, 1t is
lateral and that they bid it in as a measure
of self-protection. After the sale it was re-
ported that it was the property of Mr.. A. T.
Rowand.
]. II. Coleman & Co. report a good inquiry
for acreage in ali parts OF the East Liberty
district, with several deals as good as
closed.
The Duquesne Traction Company is aban.
doning Howe and Walnut streets and max.
ing connection with the Atwood street
branch OF the Fifth avenue line, by which
cars will be run direct by way of Boquet
street.
W. N sauer has sold house and lot on
Perry street, Third ward, Allegheny. to
Henry Allrecht for IS coo.
Tomorrow stockholders of the Monon-
gahela Water Company will vote on the
issue of bonds Of the company to
the amount OF 100000 to be used in cancel
ing matured bonds.
with a capital of Sc, COO. A. D. Downing viii
be the president.
Movements in Realty.
Black & Baird sold three lots in the ophe-
lia street plan, Fourteenth ward. They re-
port an active inquiry there.
James W. Drape & Co. sold over six acres
at Avonmore for a manufacturing site at
special figure.
John K. Ewing & Co. sold for Charles
Hunter to Mrs. Martha A. Ingram, a two
story frame house Of six rooms, with lot e5x
80 to a0-foot alley, being the property No.
3s Ashton street, near California avenue,
Sixth ward. Allegheny. for s., 800 cash:
Black & Baird sold for NJ. Jacob, ESQ.,, a ]
new brick dwelling on the south side Of
Forbes street, near Craig, with lot Is feet
front, for Ss,0o0
litional lots sold for the Blair Land Com
pany Blair station: W. X. Irwin Hope
Church, Pa, lot 235, for s405: John A. Cart
wright, Brownsville, Pa, lot 192, for $3.50:
$500: Ferdinand Fleckin, Southside, lot 1863,
'or $500.
Baxter Thompson & Co. sold lot No. a. |
Ruch plan place, thirteenth ward. fronting
2 feet on kirkpatrick street and extending |
back 120 feet to a 20-foot alley, for $780, two
story frame house is in course of erection on |
The lot They also sold lot No. 5t2, Butler plan,
Eighteenth ward, 2OxlG0, on View street, for |
'2GO.
Liggett Bros. sold four acres near Brad |
lock for large manufacturing plant for |
j 900. |
The Burrell Improvements Company re !
port the following sale of lots at Kensing- |