Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-17
A BACKWARD STREET.
Somebody Wanted to Set the Ball
Rolling on Grant Street,
GOOD OPENINGS FOR LIVE MEN.
Property Almost Dirt Cheap as Compared
With Downtown Thoroughfares.
THE FEATURES OF LOCAL SPECULATION


well improved, 1t ought to be full of busi-
ness and push.
Years ago, when "hump or no hump" was
the vital question constantly before the
people, owners of Grant street property had
a good excuse for not building. But the
''hump" has been shelved, perhaps for good
and all by the electric and cable cars, and
the original argument against Improvement
is no longer effective
Rapid transit has been of advantage to
Grant street in another respect. Formerly,
East Enders. or the most of them, coming to
the city proper, we're landed at the Union
depot. Now they come in over nearly all
the streets, and have to cross Ora t Mt vari-
Gus points on their way to tho downtown
quarter. If there were facilities on Grant
street for supplying their wants, these
people would go no further. All that is
necessary to divert the East End trade to
Grant street is the establishment of high
class stores and shops, such as are crowding
each other on Fifth, Wood and Market.
Grant street is the natural outlet for this
congested quarter.
But, with this splendid possibility stand
ing out in SO clear light that any business
man ought to SEQ 1t, Grant street remains in
the background. 1t has not furnished an
important real estate item for over year.
property is "dirt cheap as compared with
values on other streets. The last reported
sale, that of a house and lot near Sixth ave-
nue. by J. c. Reilly, was at the rate of $500
foot 'front.' A little before this transaction
near Webster street was at the rate of 500
foot. Lower down property is still cheaper.
Between First and Second avenues 1t can be
bought at $500 foot. On Smithtield street
values range from 50 900 to So, 1000 foot.
There is no good reason why Smithfield
cent more than Grant. The difference is en-
tirely arbitrary, and could easily be over
come. All that is needed to give Grant
street bulge is for some one to put up
large business house and put good man in
1t with full line of goods, equal in extent
and variety to anything in the city. This
would break the ice, and it would not be
long until the street would be lined with
from the ease and quickness with which it
can be reached from the East End and the
upper portion of the Southsfde, should be
the prin ncipal retail street of the city.
There would be no difficulty in finding
building sites of any size that might be de-
sired. A number of them are in the market.
A frontage of 20 feet near the Cathedral is
offered at $500 foot. 1t could probably be
bought at reduction. Another site of
about the same size, between Fifth and Sixth
avenues, is in the market at about 500.
Smaller sites are numerous and compare
lively cheap.
A leader is wanted to give this fine street
lift out of the rut where it has been placed
by prejudice or stupidity, and the man who
viii undertake the task viii reap an abund-
ant reward. This is the opinion of many
level-headed men, and there is no reason to
doubt it.
Business News and Gossip.
Grant street is patiently waiting for some
enterprising person to come along and lift it
out of the rut. He will come.
A number of business. people are out of
the city on their vacations and others are
getting ready to go. When they return
business Will strike higher key.
A statement in another column from the
Pleasant Valley Railway Company shows
that the dividend declared, per cent semi
annual, was for the usual amount and was,
therefore, not small" as stated, nor was it
declared in the interest of any person or
persons having their stock hypothecated,
as was intimated in some quarters.
There is no scarcity of lots in the Walls
station district. 1t is said 600 acres have
been plated.
In New York ll2 was bid for Pittsburg,
McKeesport and Youghiogheny 1st 6s. IS for
Pittsburg and Western lst As, and 1867 for
Pennsylvania Company "A coupons.
The Wheeling Natural Gas Company has
declared a dividend of IL per cent, payable
July 20
New York was dull but firm yesterday.
London was strong. No gold will be shipped
to that point this week.
increase, $50 1856; net increase, $S0,SlS.
The National Linseed Oil Company has re-
duced its dividend to per cent from 4 per
cent. The next quarterly dividend will be
so cents.
Illinois Central declared from the net
earnings of the year ending June so a further
dividend of 2 per cent in cash, payable Sep
teInber !. which makes the dividend for the
year per cent.
Stock books of the Pleasant Valley are
closed and will SO remain until the 25th.
Superintendent Davis. of the Motalina LA
Noria) Mining Company, has sent out
favorable report of operations, and asks for
$40, 900 to develop the plant. In response to
this the management has called a 10 cent
per share assessment.
The Building Record.
Permits for the erection of the following
buildings we're issued yesterday:
A. /. Watkins, frame two-story dwelling,
l9x40 feet, corner Collins and Hayes streets,
ward. Cost. $500.
John Bennett, frame addition one-story
stable 17xl9 feet, rear 36s Highland avenue,
Twentieth ward. Cost, $3.50.
A. Gawlowski, frame two-story dwelling,
lsxs2 feet, on Downing street, Thirteenth
ward. Cost $500.
John Jamorowski, frame two-story dwell
ing lsx3s feet on Downing street, Thirteenth
ward. Cost $500.
Mrs. Annie Kramer, frame one-story
ward. Cost $500.
william Donaldson, frame two-story addi-
tion dwelling, l2x3s feet, No. IA Twentieth
street, Twenty-siXth ward. Cost 5000.
Catherine Clear, frame twostory dwelling,
l7xls feet, on Howley street. Sixteenth ward.
Cost $3.50
dwelling, l7x25 feet, on Mary street, Twenty
sixth ward. Cost 800.
Mellon Bros, two frame one-story dwell
ings, l4x24 feet, on Kirkwood street. Nine
Il,
j. I. and \; Hamilton; ironclad one-story !
Twelfth ward. Cost 500.
Emma Stewart. frame two-story dwelling, |
AXIS feet on alley rear of Ridge street, |
ward. Cost 1925.
T. Griffen, six frame two-Story dwellings, |
6XS5 feet each. on Olive street, Thirteenth |
ward. Cost 81 600 for all. !
Movements in Realty.
1t is understood that the Christ Church |
people have purchased piece of property |
n Shadyside, situated in the neighborhood |
If Morewood avenue. The price paid is said |
@ approximate $4,000.
S A Dioiie & Co. sold for F. Ii. Speer to |
Mrs. A. B. Dinsmore an improved property
m Euclid street, lot 2sX95, with q two-story |
lstlne house, for $3.50.
Reed B. Coyle s Co sold lot No. As in their
Ilenmawr Park plan at HaysviIle, Pittsburg,
It. Wayne and Chicago Railway, fronting 80 |
eet on Riverview avenue and extending
pack ITO ieet, preserving the same width of
% feet throughout, for Sl00.
Black & Baird sold to Patrick Gordan, of |
lot No. 80 in the Adam Roll plan,
having frontage of 40 feet on Forbes ave
lue by depth of 81 feet, for $50 cash.
THE TREND OF MONEY.
Zone to Throw Away, but Plenty for All
Business Purposes.
THE local money marlSet uoe oo+;,a for