Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-22
POINTS IN REALTY.
Opinions Of Experts as to the Condi-
ti0n and Outlook Here.
BETTER THAN LAST DECEMBER
And Excellent Prospects for Whirl Early
in the Coming Season.
THE TREND OF MONEY AND SPECULATION

The unanimity with which the scarcity Of
small houses is presented is worthy of note,
and should suggest measures of relief. The
frmness of values is another feature which
should not be overlooked.
Charles Somers-Whilein inquiry and offers
are numerous, transactions are somewhat
restricted by the frmness of holders, who
show no disposition to shade values. This
is rather unusual in quiet market, and shows
that holders have great faith in the contin-
ued prosperity of the city. The supply of
medium sized houses Is very much below
the demand. The outlook for the new year
is very promising.
Black B. Baird-The market has i'm
proved very materially in the last month.
The outlook for the coming year is de-
cidedlv cheerful. There is growing de-
mand for business properties and number
of good deals will probably be consummated
during January.
A strong, Healthy Market
Z. H. Love-The market is strong and
healthy. Those who buy property of any
kind in the old city will make money on it.
Suburban property is also good purchase
at present prices, as the tendency of values
is decidedly upward.
right and steadily improving It has re-
covered from the depression of last sumper,
and gives promise of great activity the
coming season. In our opinion this is
good time to buy. 1t does not appear that
anything can be gained by waiting.
Baxter, Thompson & Co.-Business is
better than it was last December. All signs
point to activity early in the new year.
Small dwellings will be very scarce when
moving day comes round.
A. Leggate s. Son-The real estate agent
is lucky man, always living in the SUM-
shine We see no shadows to obscure the
real estate horizon of these twin cities.
NJ. F. Nipple & Cove look upon the
market with great confidence. Almost
enough outsiders are coming in to maintain
an active condition. Quite number of the
handsomest suburban residences sold lately
have passed into the hands Of oil men from
Olean, Bradford and other places. They
have located here permanently. The out
look for the coming year could scarcely be
better.
James w. Drape & Cove look upon
the real estate market from very encour-
aging standpoint, and regard it as in .condi-
tion to give assurance of safety to investors
Several very important negotiations have
been pending for some time, which we have
reason to believe will be consummated i'm
mediately after the January balances have
been reached. Owners of realty are dis
posed to maintain and put increased
value upon their holdings There is plenty
of ready money for investment in substan-
tial, well-located realty, city or suburban.
Activity After New Years.
Ira NJ. Burchfeld-There is an active in
quiry for business and residence properties,
and great deal of money is being invested
in them. Sales are fair, but not specially
brisk on account of the holidays. Indica-
tions favor an active season after the turn
OF the year. Values are stiff
George Schmidt-The market is healthy
and inquiry is on the increase. Prospects
for the new year are very good. Building
will be active next spring, on account of
the setback by the strike last summer.
The supply of medium-sized dwellings is
far shcrt of the demand. >,
w. A. Heron & Sons-The market conf
pares very favorably with that of last year,
and while there can't be said that there is
any boom, yet the demand is fairly good
and the market healthy. Purchasers can
be found for good property at prices worth
the money. Present holders in some cases,
however, hold figures too high and ston
many sales that could be made at far
prices.
Morris & Aisbitt-In our opinion the
outlook is very encouraging. We have had
more inquiry in the last ten days than dur
ing the same time last year. Values are
strong, with no symptoms of reaction.
w. c. Stewart-The market is full of
strong points East End building sites are
being picked up very fast. Business prop
italists are dropping everything else and
putting their money into realty. The out
look is good
Samuel w. Black & Cove think prop
erty is a purchase at present prices. Next
year promises to be one of the best we have
ever known.
Business News and Gossip.
Yesterday was the shortest and darkest
day of the year.
A prominent stock broke is dickering for
a valuable residence site in the Twenty
third ward, with view to building hand
some home for himself.
Caldwell 6 Bell builders, have sold two
ten-roomed dwellings, corner Friendship
and Amber streets, Baum plan, for $4,000
each. The lots are 40xl1O.
Baum Grove plan, Twentieth ward.
Lonerbaugh has sold his property on Wood
street. Williamsburg. The purchaser will
make extensive improvements.
Six permits for the same number of new
buildings and additions were issued yester-
day, the most important being: J. j. Van
dergrift. stone and brick six-story business
house, on Water street corner of Wood, to
cost $685. Twenty-second ward School
Board, schoolhouse on Linden street.
Twenty-second ward, to cost s., ,295 Peter
Dietrich, frame two-story dwelling, on
Natrona alley, Eighteenth ward, to cost
81 200. The other three were small, aggre-
eating $3.50.
The failure of the Tyrone Bank, priva to |
concern, will no. affect Pittsburg, it having |
no business connection here.
Directors of the Citizens Insurance Com |
pany elected yesterday are: William G. |
Johnston. John Caldwell. -Jr., George Will |
John H. Wilson, Jehu Haworth, Isaac De-
Haven, George NJ. Laughlin. W. F. McCook, |
j. p. Kaufman. Lewis Irwin, j. j. Young, C. |
H Shinkle and B. Wolff, Jr.
Cables fully confirm the revival OF Amerf- |
can railroad buying on the London Stock |
Exchange, with indications of a boom.
An important move in West End realty |
will be ready for announcement in q short |
time.
Boggs Bulbs Penn avenue purchase was |
the subject of considerable talk yesterday, !
md there was a good deal of guessing at the |
price, s2,5OO foot being the popular figure.
Movements in Realty.
]. B. Larkin & Co. report the following ad- |
ditional sales in the Blair Land Company |
plan of lots in Blair Station: To John Fer |
guson lots No. e7s s24 27s. s25, $780, 277 and 372,
for So, 600 cash.
Black & Baird sold to P. A. Kelgallen lot |
No 6S in tho T. A. Gillespie plan Of Herron |
Hill Park fronting 25 feet on Madison ave-
nue by depth of 90 feet to Karpack alley,
for $500