Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-25
BIG DEAL ON THE MoRNISGsIDE ROAD

than a year from next April on account of
the leases.
The demolition of Lafayette Hall will re-
move an interesting landmark. 1t has been
the scene of many important events, ma
tional and municipal. 1t was there that
the Republican party was organized in 1856.
1t is pity that it cannot be preserved, but
the spirit of progress is SO strong that it
cannot be appeased without the sacrifice.
Landmarks and associations count for little
in a progressive community like this.
Ten Acres Picked Up.
Mr. Joseph Loughrey, the Wood street
merchant, has purchased, as an investment,
ten acres on the .Morningside road, Eight
eenth ward, at price very close to S25, 900,
or about 50, 500 an acre. This is the most
important deal that has occurred in that To-
cality for several years.
All Quiet on Diamond Street.
There have been no sales of Diamond
street property for nearly two years. The
uncertainty in regard to the widening of
that thoroughfare deters buyers. The last
reported deal was at the rate of S, $50 q
foot. There has been some enhancement
since, but it is difficult to estimate in the
absence of transactions, without which all
quotations are nominal.
A Land Office Business.
As showing lively movement in realty,
Black & Baird report their sales of down.
town property during the last six weeks
foot up over 100000. In the face of these
figures there is no room for fault-fnding.
Experts Say It Was a Bargain.
The actual price paid by Boggs & Buhl
for the Herst property, on Penn avenue,
was SS5, 900, or little over s., 400 foot.
New Oil Company.
George Given and William Freudenber-
ger have bought or leased four acres near
Oakdale, in the Mcdonald oil field, and are
forming a company to sink wells. About
all the stock has been taken.
Rushing the Work.
The big plant of the Pittsburg BRASS
Company. on Locust street, Allegheny, is
assuming shape very fast The walls are
up to the second story. 1t is expected the
building will be completed by April 1. It
will cost, with the ground, upward of $780,
600.
Against Tall Buildings.
The Underwriters' Association of Chicago
has advanced the rate of insurance on high
buildings. This action, it is expected, will
put check on the construction of sky
scrapers in that and other cities.
Business News and Gossip.
Penn avenue values are generally over
rated. Facts and guesses do not corre-
spond.
David Hemphill has sold to Thomas White
153 acres in West Deer township for Sc, ls0.
will be no dividend on the preferred stock
before next simmer.
Permits for new buildings were taken out
yesterday by W. c. Beortt, brick two-story
dwelling Sidney street. cost s., 900; by James
Egnef, frame two story dwelling, Taylor
avenue, cost s, ,9O0 and by the Sharon estate,
one-story brick addition warehouse, Sew
enth street, cost 81, 400.
Arrangements have been perfected for the
striking OF half-dollar, quarter-dollar and
ten-cent silver pieces of the new design at
the Philadelphia, San Francisco and New
Orleans mints, beginning January 2, 1892
A Southside land company has secured op-
tons on several tracts on Mt. Washington.
Property in that quarter is being absorbed
very fast.
The st. Louis, Alton and Terre Haute Rail-
road Company contemplates trial of profit
sharing with employees of the roac.
The news that Lafay cite Hall is to be torn
down will be received with regret by many.
No building in the city is associated with SO
At the last call yesterday So was offered
for $4,000 Western Railroad As. At the
same time there was bid of cents share
for 1000 Allegheny Valley. Standard Plate
Glass was offered at so.
The Exchange will be closed to-day and
tomorrow to give the brokers a chance to
enjoy Christmas and straighten ND.
The usual dividends have been declared
by the Monongahela Water and Hazelwood
Oil Companies.
Movements in Realty.
Ruch Hill, owned by Senator Finn, Is un-
dergoing a complete transformation. Bax-
ter, Thompson s. Co. have it in charge
Ira NJ. Burchfield is doing well with his
Oliver terrace plan in the Twenty-third
ward. Quite number of lots sold during
the summer and early fall have been i'm.
proved, and others will be in the spring.
Black & Baird sold to T.. G. McGee for
John G. Letterlee, a lot on the eastern side
of Branch street, Thirteenth ward, ALLIE
gheny City, being triangular in shape, with
a frontage of 80 feet, for s., 600 spot cash.
A. q. Byers q Co. sold for James B. Cam.
eron to William Gold, lot No. III in the
Northside Land Associations plan in the
borough of West Bellevue, Pittsburg, Fort
Wayne and Chicago Railway, fronting IS
feet on Fisk avenue and extending through
to Westside avenue, tor $500.