Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-11
POINTERS ON TRADE.
ConsummatiOn of a Go0d-SiZed Deal
in Third Avenue Realty.
BUILDING UP DUQUEsNE HEIGHTS.
Probability Of the Central HQtd Under
going Change of Management.
A BREEZY DAY on THE LOCAL EXCHANGE

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his name to be withheld, of Nos. Y, "a and
| 76 Third avenue-three three-story business
houses and lot 60x80-for S4S, 900. The
completion of the fine Ferguson block and
several projected improvements are attract
ing the attention of investors to this quar-
ter of the city.
AGood Building Record.
Duquesne Heights is keeping up with
the procession. Building has been quite
active over there this year. and promises to
make a still better record next. JOHN
Mooney has just completed the last of II
houses, all handsome dwellings. Thomas
Cunning will build six next spring. Con-
tracts have Just been let by purchasers of
lots in Alta Land Company plan No. for
/ 1S, to be started early the coming season.
Talk OF New Deal.
There is a strong possibility of change
of management of the Central Hotel, owned
by the Messrs Kaufman. In conversation
with Mr.. c. H. Love yesterday it was learned
that the hotel is for rent with possession
April l. There were several applicants
Judging from what Mr. Love said it is doubt,
ful If the present tenants will remain.
Extension of Rapid Transit.
There is nothing which so much concerns
the vital interests OF the city as the extern
sion of rapid transit facilities. Real estate
operators should be deeply concerned in
these movements, as the opening of new
districts enlarges the field of their opera
tions. At present the Squirrel Hill section
of the East End, and the mill district OF the
Southside, are the theaters of the most i'm
portant operations in this line, but other
localities have not been overlooked. 1t is
~ 1,aa fad flnaf ol nf n
under consideration will be consummated,
but some of them will be. Work is progress
ing on the Second avenue line along Green
field avenue to Schenley Park, and at least
two of the Southside projects are almost
ready for execution. These additions to the
already extensive rapid transit system of
the city, will, it is easy to believe, give
powerful impetus to the already active
movement in realty in the territory in ques-
ton.
Under the Ban.
Wilson Bros extensive livery stable on
West Diamond street, Allegheny. having
been pronounced unsafe, will be torn down.
1t is said business block will take its place.
The lot is owned by Mrs: Nettie Graham,
and has q frontage of 60 feet on West Dia-
mond.
An Interesting Report.
Tke Hampton property at Williamsburg,
consist ing of about 30 acres and several
buildings, will, it is said, be put on the mar
ket, either entire or as q subdivision, dur =
ing the coming year, the affairs of the
q sale Of the realty possible 1t isyery val
liable property, and will give Williamsburg
fine opportunity to expand in that direc-
tion. Hon. John Dalzell is one OF the ex-
ecutors.
Backward but Promising.
The Tenth and Eleventh wards, Allie
gheny, present a fine field for investors and
b,,ild ri N m
realty, which must necessarily be built up
within the next few years. The drift of the
city is in that direction. Street railways
and good roads, botl, of which are on the
way, Will expedite this movement: Among
the largest land owners in this district are
S. P. Harrison, J. Walker, A. n. Wilhelm
and william Hoffman. The holdings Of
these and q few others aggregate several
How to Make Business.
Owners of real estate would soon find GUS
toners if they would come down little in
their figures. A short time ago a gentleman
removing from the city made q concession
of few hundred dollars from his former
asking price and sold within q week. There
is q good demand for business and residence
property, but buyers are conservative.
Business News and Gossip
There is no scarcity of 8 per cent money
on productive real estate security.
Patton Bros. will erect business block on
the northeast corner of Penn avenue and
Wood street, Williamsburg, next year.
Three permits for new buildings were is
sued yesterday. aggregating $3,4 400 The most
important of these was taken out by Will
lam Kennedy for a frame two-story dwelling
on Dearborn street, Nineteenth ward, to
cost 81 $50.
The Board of Governors Of the New York
Stock Exchange have been requested by a
vote of the members to close the board on
the Saturday following Christmas: It is
likely the same action will be taken in Pitts
burg.
At the last call yesterday Electric scrip
It is said there are only few small lots of
Pittsburg and Connellsville Railroad stock
on the market.
Junction Railroad stock advanced to %
bid at the last call yesterday.
A charter was issued at Harrisburg yester-
day to the North American Oil Company, of
Pittsburg, capital stock 100000. Directors,
Lewis Emery. Jr., Lewis E. Dawsher. Will
lam r. Weaver, n. Barnsdall and T. E.
Boden; Treasurer, William R. Weaver, Brad
ford.
President Edward Squire. capital $50 900, has
commenced business under favorable
auspices
Traction system are doing a business Of
81, lGO day. The Williamsburg branch shows
no falling of in patronage.
The directors OF the Bank OF England at
their meeting yesterday reduced the banks
rate of discount from per cent to 3b per
cent.
Growing wheat crop returns are encour-
aging and the plant is in generally healthy
condition east of Kansas.
1t is said S. v. White Co. will soon re-
sumo business i'll New York and Chicago.
Movements in Realty.
G. B. Hart sold for Jolly Bros. q tract of
land in Coraopolis containing about 26 acres,
to the Producers Oil Company, Lim., of War
rem, Pa, for 10000 cash. They will start a
large refinery. Also, sold a house ana lot
for Miss Elizabeth Mcbride, OF Burgetts-
town, to j. E. McCready. for s. $50, and ten
lots. some improved, aggregating $500.
john X. Ewing & Co. sold for Mrs. Kate
Stevens, to Jacob r. Clark, q lot 20xlO0 with
q four roomed frame house, on East street,
Allegheny, for $l575.
Hoffman Baldridge sold lot 6lxI32, on
Hill street, Williamsburg, for 81. leo.
Black & Baird sold for John F. Hickman,
to Miss Martha Mcdonald. lot No. !, in L.
Duff7s plan, fronting 25 feet on Lincoln ave
nue. by n depth of lib feet, for 1890.
S. A. Dickie & Co. sold for Thomas P Mar
shall a lot on Meade street, Twenty-first |
ward, l20xl30 feet, for $500.
w. "A. Heron & Sons sold lot No. 3 in the |
third plan Wilkins estate, 50xl00 feet, on |
Braddock avenue, at Edgewood. near Penn |
Peter Shields sold in william Flinn's
Greenfield avenue plan. Twenty third ward, |
to Mrs. A. Sullivan lot No. 24i, having 80
james W. Drape Yesterday sold At acres at
Munhall station, PittsDurg, Virginia and
The Burrell improvement Company report
the following sales at Kensington: Frank
McGiil, Homestead, five feet north side lot
n Sarino, arm Pittsbure, lot s. block l. sssO Charles
Auffermann, Allegheny, lot 1l6, block g.