Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-29
A CORRECT REPORT.
The Well-Kn0wn Weldin Stand Pur-
chased for a Round Sum by
THE DIAMOND STREET SYNDICATE.
A Good Deal Done in Stocks at Auction, but
- the Calls Featureless.
OFFICE AND STREET NEWS AND GOSSIP


and Diamond streets, had been sold to tn,
Diamond street syndicate for S130, 600. Th'
sale was afterward denied by those having
authority to speak OF the matter. Informs
tion obtained yesterday from inside sources
shows that both the report and denial wer'
practically correct The deal had not beer
closed at the time the report of the sale obtained
currency, and this afforded opportunity for con
tradiction. 1t was consummated about 10 days.
ago, however, and the property now belongs tc
the syndicate, unless the. informant is very
| much deceived. He understood the considera
| tion to have been sl25,0O0.
Another gentleman who is close to the head
of the syndicate. furnished the following addi.
tional information: From all 1 have heard
and know, the sale was completed earty last
| week. understand the place will not be re-
built, at least for Two or three years. The OBJ.
| ject o. the purchase is plain. The syndicate e
| has been buying on Diamond street for two
be widened They are IN favor of the improve
| ment, as il will largely increase the value of
| their holdings The owners of the corner
| property, like Mr. Howard. fought them at
| every step, and the only way to silence them
| was to buy Them out This they have done.
| The deal has given the street widening sch eme
| an impulse that seems likely to carry it to a
successful issue"
How April Leaves Business.
The fourth month of the year Is practically
7
| ness, both general and local. better than it
found 1t. Improyement has been slow but
| steady, an it has all the elements of perma-
| nency. The year opened under unfavorable
| auspices. 1t was handicapped by the misfor-
tunes of its predecessor to such an extent as to
well nigh reverse the wheels of enterprise.
| The struggle was between artificial congestion
and the nutural tendency of things to expand
The contest has been fought out and the hosts
of pessimism routed. There is better feeling
abroad to-day than at any previous time this
year. This betternent is the natural response
of business to the wants OF the people.
The outlook could hardly be better. There
IS fair promise of immense crops to enrich
the farmers and give employment to the rail-
ROADS. which in turn, will keep the iron mills
going to furnish material for improving old
and laying new tracks. Everything will feel
the impulse and start into new liie The labor
trouble is the only drawback and it cannot last
long. The interests at stake are too important,
they affect too many homes, to make a pro-
tracted struggle possible. An active move
ment in all lines of trade seems TO be assured
for the remaining eight months of the year
Business News and Gossip.
A large number of buildings will be started
in May strike or no strike.
The fact that nearly 800 lots in Schenley View
Place have been sold by Straub q Morris in less
than year shows that buyers are still in the
marker.
stocks will be the local attractions on 'change
this summer They are all in good shape for
bulge.
There are l9 houses in various stages of COM
pietion in the upper part of Williamsburg and
on Franklin street. They are all engaged.
No. DOS Smithfeld street is being raised an
other story, and is also having new front
put in.
A good business house is going mp on Carson
street, opposite the Pittsburg and Lake Erie
Railroad uepot.
The most important mortgage on file for
record yesterday was for Sc 600.
A ]. Lawrence & Co. bought in Philadelphia
yesterday 200 shares Pennsylvania Railroad
stock at 523l
A sale of Manchester Traction was reported
at a shade over 80.
Henry M. Long sold 5Oshares Pleasant Valley
at "a
block of 500 shares 'Monongahela Water
was picked up yesterday at N1F-the same as
the auction price.
The Duquesne Land Company, whose stock
brought S1C0 at auction yesterday, and the Du-
quesne Club. the well-known political and
social organization, are one. The land is there
fore loca ted on Sixth avenue.
Yesterday was the first time for several years |
that an attempt has been made to sell Central |
Telephone stock. The company is a dividend |
payer. 1
The Building Record.
Permits for the erection of the following |
buildings were issued yesterday:
John Kosleffsky. frame two-story dwelling, !
2Ox3z feet, on Brereton avenue, Thirteenth |
ward. Cost, $1,000
John Snyder. frame one-story dwelling, lsx2O |
feet, on Juniper street, Sixteenth ward Cost, |
sl5O.
}. A. Townsend, brick one-story store, 2Ox55 |
feet. on Carson street, Thirtieth ward. Cost,
]. Beacon, frame two-story stable 4Ox64
feet, OH Frankstown avenue, Twenty-tirsr
ward Cost S50O.
nj Il fro,
40 feet on Grandvlew avenue. Thirty-fifth
ward Cost. $3.50.
John NJ. Gearing, brick one-story store, 2Ox55
feet. on Carson street, Thirtieth ward. Cost,
William w. Bell frame addition two-story
dwelling, l2x20 feet on Center avenue Thirty
fifth ward. Cost, 500.
Karl Zenewein frame two-story dwelling. Ok
"A feet, Bsfkhammer street, Twenty-seventh
Taro. Cost, 81, $50.
Movements in Realty.
Samuel W. Black d Co. sold the property,
No. 107 First avenue, to a well-known business
nan of the city for Sl2. 500. The lot is 22xSO
eet, with an old two-story brick building
hereon. The purchaser intends tearing down
he building to make room for a new one,
which practically makes the groun cost the
,rice paid for the whole.
s. A. Dickie & Co. sold for l.. A Hoke the l.
Tacant ground on south sIie eff Bennett street,
vest OF the city line 22xl35 feet to an alley for
s. 100.
W. A. Heron & Sons closed the sale of No 9
sherman avenue, being a lot 25x54 feet with
rick dwelling. for IS. 500. The purchaser is a
member of the Pittsburg bar.
Baxter, Thompson & Co. sold for John W.
Thompson lot 39 AMI part of 49, Bank of Com
nerce addition, Brushton station, situate on
he southwest corner of Grazier and Park
treets. size 7Uxl50 feet to a 20-foot alley, for
], 200.
A. j. Pentecost sold lot 25x5O feet on Main
treet, on which is erected two-story brick
Lwelling, known as No. Main street. Fourth |
rard, Allegheny. to- s., 755.
s. A. Diciie & Co. sold for A c. Duff to w |
l. Davis property on Susquehanna street.
'wenty-frst ward, six-roomed frame house !
Nth lot 25xl05 feet. for 81 2U0.
Ira N. Burchfield sold 4 house ard lot at |
1aZelwood to John Stanley for 81 OOO
Reed b. Coyle Co. sold lot No. l03 in their |
iarIo1 Place addition being % feet on Sylvan
venue, running back l65 feet TO Speer street,
or $3.50.
James W. Drape & Co. closed the sale of a
yelling of eight rooms with lot about 25x54
eet on Sherman avenue, ALLEGHENY for So 500.
Magaw IL Goh. Linz. sold to John H Clemens |
wo lots. each 25xl20 In the Elwyn plan, Pitts
urg and Castle Shannon Railroad, for S225. on
asy payments
q. a. Saint sold to Albert l. HARRISON. lot
20. 27 in the Bank of Commerce Addition
Ian. Brushton, being of triangular shape,
ronsiDg SO feet on Bennett street, and l43 feet
n w Wood street, for $50.
THE OIL PIT