Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-12
D0INGS OF TRADERS.
Forty Fine Dwellings, Slated for
the Nineteenth Ward.
EAST END LAND DEALERS HELD UP.
Removal of Important Industries to Blair
Station Decided Upon.
FEATURES OF MONEY AND STOCKS

/
Mr.. Edwin Powell Is having plans pre-.
pared for II three-story stone dwellings on
Alpha Terrace, Nineteenth ward, making
25 in all. He and other owners on that
street are anxious to have it paved, as a
| number of important improvements are con-
tingent thereon. H. p. Slotterbeck expects
to build 80 houses in the Nineteenth ward,
on the ground just purchased by him from
Mrs. Sargent William Warden will soon
break ground for six nice frame dwellings
on Hazelwood avenue, in the Schenley Park
| district. These straws show that there is
| nothing the matter with the building
| trades.
The reported removal of the old estab-
lished window glass plants of T. Campbell &
| Co. and O'Leary Bros. 6 Co. to Blair station,
on the Pittsburg, Virginia and Charleston
Railroad. is confirmed by Mr.. J. F. Blair and
other citizens of Elizabeth. The negotia-
tions were conducted by Mr.. John F. Blair
and Messrs. ]. B. Larkin & Co. None of the
| gentlemen named could be seen yesterday
| except Mr.. Kennedy. of j. B. Larkin & Co.
That gentleman in reply to an inquiry, said:
|
necessary papers and are under contract to
begin building during the present year and
| to be ready and in full operation for the
| season of 1892. Each of the concerns has five
| acres of Ia nd, with rail and river frontage,
| and within easy reach of the Peters Creek
coal field" Mr.. Kennedy could not
say anything about the conditions of pur-
chase, as Mr.. Larkin had charge of the
matter. Mr.. Patterson, County Gas In
| spector, and former Secretary of the T..
,1NoIl
agreement had been made, as Mr.. Campbell
| had instructed him to make a survey of the
| ground and locate two iron buildings, with
capacity for three ten-pot furnaces. MIR.
Patterson added that he inferred from his
talk with Mr.. Campbell that the company
desired to increase its output and must have
| more room. Besides" said he, "my expert
| ence leads me to believe that Blair station is
the center of the Elizabeth gas field, and the
natural location for large supply of either
gas or COAL Mr.. Blair has large land and
coal interests in that section of the county,
and intends 10 establish a town similar to
Duquesne or Homestead. Those who have
examined the location say the site is a beau
ttful one, with unequaled facilities for man
utacturing and domestic purposes"
The sale Of the Sargent property in the
Nineteenth ward, consisting of sA feet on
st. Clair, Mellon and jackson streets, re-
ported yesterday, amounted to $685. in
stead of SIS, ,000 as stated. This is considered
fair price, considering the depth, which
ranges from 80 to lo6 feet 1t is wholly un-
improved. Mr.. Edwin Powell, the repre-
sentative of the Sargent estate, in a brief
interview yesterday, said: There is good
demand for property in the East End by
people for Improvement. There is practi-
cally no speculation. As to prices they are
firm at from ss5 to $50 on side Streets"
A prominent bank official, who has no fear
of financial pinch, talks in this wise: "If
there is to be tight money we bank people
don't see it. We will get full rates for all we
have to loan, have no doubt, and expect
to see call money keep on pretty stiff level
through the autumn. But there will, ac-
cording to the present outlook, be no
squeeze. Within few weeks, should the
flow of funds westward cause serious de-
crease in the visible supply, you will see
gold coming from abroad by the millions"
Business News and Gossip.
Fourteen purchase money mortgages were
put oc record yesterday, the largest being
for $4,000.
The R. d. Nuttall Company, manufactur-
ers of fine machinery, tools and electrical
street car appliances, has announced div
idend of per cent out of the earnings of the
past three months. This is regarded as
highly satisfactory, as the company was or
ganized in June ], 1891, and already their
works in Allegheny are running day and
night to meet the extremely heavy demand,
which is by the way, q sign of the general
activity in manufacturing.
The real estate dealers in New York City
have begun to write their mortgages with
the gold clause.
The Real Estate Auction Board is contem-
plating new departure which will be in the
interest of owners and buyers.
Nelson Morris & Co, the Chicago beef men.
are preparing for the erection of a packing
and distributing house on Church avenue,
Allegheny.
ers will be interested in the advertisement
in the auction column of James W. Drape &
Co. of the public sale of :. 900 building lots at
Avonmore; Az the new mapufacturing town on
dant capital, Avonmore has fair prospects
of becoming one of the leading nianufactur-
ing centers in Western Pennsylvania
1t was stated yesterday by gentleman in
direct communication with the department
at Washington that the Government deal
for postofflce site in Allegheny is off fol
the present, the appropriation being INSULT
cent to meet the views of the owners of any
of the property offered.
Black & Baird have sold upward of $50 lots
in the Thirteenth ward since June.
Chesapeake and Ohio earnings first week
September, increase $l7, ,20l-
Rio Grande Western, fourth week August,
increase $l7 $50: month, increase $4,000.
The Colorado Fuel Company has declared
a semi.annual dividend of per cent, and the
Whitebreast Fuel Company 81 per cent
semi-annuai, payable October l.
London cables report that an easy money
market is expected during the autumn but
bank rate advances are looked for in October
and November.
Movements in Realty.
Thomas McCaffrey, sold for Mrs. Elizabeth
Phillips to G. C. Lewis, a piece of ground
containing eight acres, situated in the
Nineteenth ward near Rebecca street. for
$20,000 and for Louis Loeffel to H Reuss a |
on Taylor street, lot 2Oxl37 feet,
with frame house of five rooms for s., 1926.
John X. Ewing & Co. sold for John K. |
Ewing and John White to Nelson Morris &
Co., of Chicago the property No. 80 Church |
avenue, Fourth ward, Allegheny, consisting |
of three brick houses, with lot 20 feet front |
on Church avenue and extending through |
to the Pittsburg, Ft Wayne and Chicago |
being 40 feet front ON the railroad |
for $4,000 cash. The above firm sold the |
same property for $5 600 six months ago.
Black & Baird sold to j. W. Eckiey lot No.
lS in the j. I'll. Wilcox plan, at Hazelwood.
having frontage of "a feet on Smith street |
by depth of 100, for $3.50. This is the sixth
lot this firm has sold within the last two
weeks in this plan.
James W. Drape & Co. report sales of lots
in the town of Ayonmore thus far amount
ing tos7 5000. They closed the sale Of a
house and lot In Allegheny, near Ohio
street. for 81 coo; also two lots in the Key
stone plan and eight lots IN the Munball
Terrace plan, near Homestead, for 81 OOO
A. Leggate & Son sold at public sale ali the
interest OF John Ogden, assignee in the firm
Of Fleming Bros, manufacturers, of Nc
Lain's pills and vermifuge, for $40 800 Rid
ling was quite spirited indicating that some I
people have faith in the future.
The Building Record.
Eight permits were issued yesterdoy for