Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-26
POINTS IN REALTY.
Business characteristics of the Year
and the Outlook for Next.
EXPECTATIONS OF A REVIVAL.
Local Stocks Make a Spurt, With Little
Boom in Philadelphia Gas.
OFFICE AND STREET NEWS AND GOSSIP

Interviews were had yesterday with sew
eral real estate brokers in regard to the
business of the year. One of them said:
''The year opened under great depression.
Money was scarce and confidence weak.
Disaster followed disaster with alarming
frequency. People were apprehensive of a
general collapse. This was followed by one
of the greatest strikes in the history of the
city, which completely prostra.ed the
building trades. Recovery was slow, but
finally matters we're Strengthened out. The
reaction soon touched real estate and busi-
ness revived. During the last half Of the
year there has been nothing to complain OF.
1 think the years record will show about as
much money invested in realty as there
was in 1885,"
Another broker remarked: 'T have done
much better than I expected. The year
opened so badly that feared would do
little more than make expenses. In this
have been agreeably disappointed. My
sales so far are nearly equal to those of last
year, and if December turns out we'll they
will be larger. The situation is all right.
The market is little slow, but there is no
weakness I look for general Frightening
up after the holidays. The city is full of
improvement schemes, some of which will
no doubt go through. The effect of the big
crops will soon be felt. Railroads have
already commenced purchasing supplies.
The iron mills will soon be full of orders.
There will be work for all. The number of
home-seekers will increase as business e1-
pands. Citizens and outsiders will buy
ground and build. The outlook for realty
could scarcely be better"
Several other brokers were spoken to, all
of whom Endorsed the above views They
were all in good spirits and cheerful over
the prospect In regard to values, one of
them said: 'There has been some marking
up during the year, but not as much as in
1890. when it reached 25 per cent. Holders
are firm, and there is no prospect of conces-
sions. 1 think buyers understand this, and
will not urge high prices as reason for
keeping out of the market next year."
Business News and Gossip.
Local capital will have S65, 900 to loan at
5 per cent after January 1.
1t is said the Buffalo, Rochester and Pitts
burg Railroad is doing large and profitable
business
There is talk of converting the Penn Cot
ton Mill into power house.
Stockholders of the Pennsylvania Rail-
road number almost 10000, about twice as
many as any other railroad company.
Many interests out West are suffering
from lack of bituminous coal, the strikes
in the Indiana coal fields having reduced
the supply
The London Stock Exchange has repudi-
ated the Virginia debt settlement
Three building permits were taken out
yesterday: John A. Kearcher, for brick
two-story dwelling. on Kearcher avenue,
Twenty-third ward; cost, S3,S James
Nixon, two frame one-story and mansard
dwellings, on Glen Caladx street, Twenty
third ward; cost. 81, 40. Mrs Printy, brick
addition to dwelling. on Liberty street, First
ward: cost, $780,
c. B. Shea, of Joseph Horne & Co., was
yesterday elected director of the Bank of
Pittsburg, in place of John A. Harper, who
declined to serve.
1t is stated that s2O, 900 of the stock of the
proposed Grandview Electric Railway has
soon be applied for.
Senator Films houses in the Twenty
third ward are nearing completion. He will
build as many more next year.
Another deal is on the carpet in the
vicinity of Highland Pork. The city is in
terested.
Movements in Realty.
S. A. Dicllie & Co. sold for D. H. Wallace to
John Kissick a lot 25xl2O feet on Emerson
street. Twentieth ward, for 81, 450. Mr.. Kis-
sick intends building two-story frame resi-
dence at once.
A. L. Byers & Co., sold for the Northside
Land Association, Limited, to William J.
Parker. Esq, lots Nos. III and 17s in their
plan at West Bellevue, Pitssburg, Ft. WAYNE
and Chicago Railroad, having q frontage
OF 30 feet on Harrison avenue and extending
through distance of 105 feet to Ohio street.
for 81 600 cash.
Black s Baird sold to John NJ. McCance,
Esd, strip of ground in Lloyd Circle, on
Dithridge street. ga feet front and running
back to point for 81, 200.
a. Leggate & Son sold a lot 120x240, with
brick dwelling 10 rooms. on Beaver street,
Osborn, on Pittsburg. Ft Wayne and Chi
cago Railway, for $40, 900.
j. H. Coleman sold for J. C. Dick to Mrs
Stopenson double frame house in TWENTY
first ward. on Achilles street, for ST, ,5O0