Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-12
AN EAST END DEAL.
A High-Class Residence Picked Up
by an Iron Manufacturer.
SEVERAL LEASES ON THE CARPET.
The Scarcity Of Business Houses May Put
Up Rents Next April.
A BIG BOON FOR MOUNT WASHINGTON

|
dence corner Fifth and Denniston avenues
East End, to a prominent iron manufac'
turer for price close to $4,000, and tina,
w. A Heron & Sons were the agents who
negotiated the sale Asked for particulars
yesterday, they declined to say anything,
except that the property had been sold at
the figures named. 1t consists of a lot 100
x12O feet with an elegant new dwelling OF
the latest design and finish
A Boom for Mt. Washington.
One of the effects of rapid transit to Mt.
Washington cropped out Thursday night in
the organization of the Mt. Washington
Land and Improvement Company, with a
capital of 100000. The promoters have
secured tract which they propose to plot,
and upon which they will erect houses for
sale on the lnstallment plan. The company
has options on two other desirable pieces,
| which, as soon a charter is obtained and
other arrangements are perfected. they pro-
| pose to put on the market. These move
| ments have been attended with consider
able secrecy, but now that preliminaries are
| settled business will go right on. One OF
| the objects of the company, which will re-
suit in great benefit to the citizens of the
| Mount, is to erect on Grandview avenue a
| daily market to be run first-class prin-
|
stories high. THESE enterprises will be
pushed. SO as to bring Mt. Washington to
the front with the rest of the city.
A Strong Market
! While the influences controlling the real
estate market have undergone very little
| change for several months, the situation is
| full of strength and is decidly more favora-
| bic than it was year ago when the country
| was in the throes of a financial panic and
hrrx-n INV, in ol1,nS
| The sales reported from day to day-many
| of them of great importance-show that the
market is far from stagnant. There is no
speculation to speak of, but buying for in
vestment and use is unusually active for
| the season, and it would be larger were it
| not that investors think prices rather ex-
| travagant. Good business or residence
| property when offered at a fair price finds a
| ready market. But the f1rmness of owners
| is an element of strength. They ask only
what they think the prosperous condition of
| prices for realty show confidence in the
| present and faith in the future.
Scarcity of Business Stands.
Several important leases of downtown
property will be completed in a few days.
In one case the lessees will practically re-
build and in another make extensive i'm
provements. 1t may be noted in this con-
nection that a striking feature of the real
estate situation is the scarcity of business
stands both in Pittsburg and Allegheny. 1t
is probable that this dearth will lead to an
advance in renUs in cases Of expiring leases
next spring.
Figures on Building.
An Eastern publication gives some figures
comparing the building operations of New
York and Chicago during corresponding
periods of 1890 and 1891. During the first ten
months OF 1890 permits were granted for the
ere Jrion OF 10, l36 buildings ir Chicago at an
estimated cost of $4l 479.OO9 In the same
period of 1891 permits were granted for 10, 40
buildings at a cost Oh so 3O6, ,0cc There is :
small gain Shpwl both in tho number OF
buildings and in the amour represented.
During the firJj ten months of 1890 permits
were granted for 8, Isl New York buildings ut
a cost of s66, 23s 900. During the correspond
ing period OF 1891 tkare were only 2,3s2 per-
mits issuei for buildings at an estimated
COST of $47,772 Ooo.
Business News and Gossip.
1t is expected that the Governments Penn
avenue property will be "knockea down"
this afternoon. Several persons want it.
There will be considerable building on
Braddock avenue next year. Among others,
three high class stone residences are talked
of.
1t is stated there is not weeks supply of
coal in dealers hands in Iowo, the Dakotas,
Minnesota, Illinois, Kansas or Nebraska,
and Western miners are working on half
time: all because Of the scarcity of cars for
The only important building permits is
sued yesterday were to o. X. Gardner for
two brick three-story stores and dwellings
on Wylie avenue, Thirteenth ward to cost
s13 600. and to the Pennsylvania Female
College for a stone and brick one-story gym
nasium. on the hill above Fifth avenue, to
cost S., 900. Three others were taken out
aegregating $3.50.
The growing ease of the money market is
one of the promising signs of the times.
J. W. Kirker has sold to Murphy & Diebold
n afnn ),
There is a brisk demand for lots at Home
wood, near the race track. Sales during the
last three or four weeks aggregate about
s10,0O0
1t is rumored that Murphy & Diebold will
erect a planning mill at Williamsburg on q
corner Of the Hubley property, recently pur-
Boston has authorized the issue of 5000, 900
20-year per cent street bonds, and sl20,OOO |
2O-year bridge bonds.
Low-priced bonds, well secured, are pretty /
sure to pay a handsome return to the pur-
chaser within a shosI time. This is the |
opinion of An expera.
The sales of Al acres of land at Munhall |
should have been credited to Major A. J.
Pentecost.
Julius F. Stark sold 100 shares of Birming-
ham Traction stock at 1S5s.
The London, Brighton and South Railway
Company has issued an order refusing to
permit any cars on its line which are not
fitted with the w Westinghouse brake.
1t is said that 5000 loaded cars are lying at
Chicago, and at present rate of transfer
many will remain there for months.
Railroad reports received yesterday were
uniformly favorable.
Movements in Realty.
Henry A. Weaver & Cold for John c. Eli.
ott the lot, 2Oxl22 feet, with a large four story
warehouse. No. IS Federal street, Allegheny,
for $50 OO0.
Black & Baird sold for Frank NJ Evans to
Cormic P. Hagan the property No. 722 Ward
street, Oakland. having frontage of 40 feet
by depth of 165 to Hardie alley, with two
story and mansard brick dwelling, for a
price approximating $1,000.
John X. Ewing & Co. sold for Myler &
White to H. M. McMillen a vacant lot 23x94%
on the New Brighton road, near Woodland
avenue, Eleventh ward, Allegheny, for $3.50
cash.
james W: Drape & Co: sold Is lots at Avon
more at prices from $3.50 to $500 each: also
sold five lots in the Newhall Terrace plan
at from $500 to $50 0S each: also a residence
in Allegheny near Western avenueg
for Sll 500; also lot ut Grafton, in the Kew
stone plan, for $780,
BattensDerger & Williams sold two more
lots in the Weinman plan, Mt Washington,
each 25x1l5, on Soffel street. for $500 each
Peter Shields sold in William Flinn's
avenue plan, Twenty-third ward |
to Edward Rice, lot No. 1876, having 36 feet |
on Greenfield avenue for 81, ,050.
The Burrell Improvement Company, Ken !
sington, sold 10 Joseph NJ. Robinson, Taren-
SNYDER, Rimersburg. halves of two lots for
s743 IS; Leonard Boston, Allegheny, one lot,
$685.
A. z. Byers & Co. sold for W lillian A. Black
to George b. Spencer lot No. lis in his plan,
Tenth ward, Allegheny, of 2oxlOO feet, for