Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-06
REALTY PICKED UP.
A Valuable Downtown Business
Plant Changes Ownership.
DEALS IN SHADYSIDE DISTRICT.
CapitaliStic Drift Toward Real Estate Shown
by Recent Purchases.
SPECULATION AND BUSINESS HINTS

An important transaction involving a valu
able business plant was consummated yes
terday by J. B. Larzin & Co. They sold fol
E. NJ. McNulty the real estate, stock, ma
chinery, etc., of the Pittsburg Show Case
| Company, whose Office and warerooms are
located at 81 Ninth street, and the factory
| at 81, SO and IS Vickroy street, Sixth ward
| The consideration was close to 900. This
| is regarded as the best equipped plant of the
| kind west of the mountains, and it made q
great deal of money for its founder and late
owner, Thomas McNulty, deceased.
The Shadyside district has furnished a
| number of good real estate items in the last
! few months, showing an active movement in
that quarter of the city. Yesterday it pro-
| duccd another Charles Somers & Co. sold
for John A. Graner to Samuel H. Wadstill q
residence property situated on the corner of
| Walnut and Bellefonte streets, lot 37xl37,
with one brick and two frame houses, for
| SIC, 600 cash.
The Capitalistic Drift.
It has been mentioned in this column moro
| than once that prominent capitalists and
business men were showing their faith in
PittsbuTg real estate by picking 1t up wher-
ever they could find it at O fair price.
Among investors of this class may be mon
toned Captain Vandergrift, E. NJ. Ferguson,
Colonel Schoonmaker, George H. Bennett, T.
ID. Mersler, III. e. Frick and others.
The sale of a property on Second avenue,
near the Central Hotel, for $4,000 was re-
ported last week, but the name of the pur-
chaser was omitted. 1t was learned yester-
day that Mr.. III. G. Frick was the lucky man.
In this connection it may be stated that an
other property in the same locality is about
changing hands at a price approximating
$40 Ooo, the probable purchaser being Wood
street banker.
As further showing the capitaIistic drift
toward real estate, THE DISPATCH representa-
tive was yesterday shown a letter just re.
ceived by q prominent broker from one of
the Drexels, the well-known Philadelphia
bankers which was in effect an order to buy
piece of downtown property, presumably
Tor banking purposes.
Business News and Gossip.
Three-cent street car fare is now the shib-
boleth of the rural citizen.
William Wills, draughtsman at the Edgar
Thomson Steel Works, is building nice
brick residence on South street. Wilkins
burg.
The bond market shows but little activity.
State and municipal issues constituting
about all the transactions.
The total June disbursements will aggre-
gate nearly $96, 100000. Interest on railroad
securies takes about ST., ,7sO, ,6o3 and dividends
$7,979 237 more.
The sale of the Central Hotel property, re-
ported elsewhere, will give additional i'm
pulse to improvement on Smithfield street.
1t is one of the largest transactions in GEN.
trally located property on record in this
city,
J. Lawrence & Co. sold so shares Pleas
ant Valley at 24A. There was considerable
office business in Manchester Traction and
Airbrake at or near board prices.
A London bank yesterday received tele-
gram from Buenos Ayres saying that the
that no gold would be required.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
John Clark, frame one and one-half story
stable 20x16 feet, 1916 Merman's alley, South
side, Twenty-sixth ward. Cost, SO.
T. Ely, two-story frame addition dwelling
l5xlS feet, Twenty-fifth street, Twenty-ffth
william Hollenbeck, frame two-story
dwelling. 1s2So feet on Yew street, Sixteenth
A. Patton, two-story brick addition dwell
ing, 2l1l7 feet on Mary street, Twenty fourth
ward. Cost, 500.
Movements In Realty.
Thomas McCaffrey sold for Mrs. Elizabeth
Phillips to J. Walter Hay piece of ground
three acres and 90 perches, situ-
ate on Rebecca street, Nineteenth ward,
Pittsburg, for $4,000, and for W. C. Hall to
Harry Sellers property 479O Cypress street.
lot 27X40, with new frame house of four
rooms, for 81 300.
Allies & Bailey sold for Mary Boyle, in the
revised plan of lots, Tenth ward, Allegheny
City, on Wilson avenue, lot No. 81, 25xIi4
feet, for $3.50.
A. J. Pentecost sold lot No IL, Penticost,s
Valley View plan, Bower Hill station, Char
tiers Valley Railway, for $500.
Black & Baird closed the sale to William
Witherow for W. H Holmes of a fine three
story brick residence, being No. is Sherman |
avenue, Allegheny City, fronting the Park,
with lot 30X120 feet, for SIS, ,000 Mr. Witherow |
has taken possession of his new home. and |
Mr.. Holmes has moved into a fine new resi- |
dence in the East End sold him by the same |
firm. |
Reed B. C,,yle & Co. sold to r. H. S. Mac |
Alpin lot No 4, in Grafton Place plan, Graf |
ton station, Pittsburg, Cincinnati, Chicago |
uate on Margaret street. for $780,
Black & Baird report additional sales in |
Ellwood of lots Nos. 9Sa and 9s3 to NJ W. |
Richie. for 81, 900; lot 966 TO j. A. Loen, for |
$500; lot GA to S. A. Lenigen for $3.50: lot 67 to
Francis J. Albrecht, for $780, and lot S6I to c. |
A. Simpson. for $500.
James W. Drape & Co. sold q house and |
grounds at West Bellevue, on the Pittsburg,
Ft Wayne and Chicago Railroad, for Sc. 600:
also lot 2Ox60 feet on James street. Allie
gheny, for $l,925; also lot 30Xi24 feet on
South street, Williamsburg, for 81 500 cash:
also a lot 24x100 feet on Penn avenue, East
End, near Pearl street, for s., 600; also sold
collateral interest in property in the CITY
md Mckeesport for 5000.
George Schmidt sold to A. r. Kennedy
ot fronting 20 feet on Mama avenue and ex-
lending back 100 feet to an alley, in his
Eureka place plan, Oakland, for $3.50 cash.