Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-19
POINTS IN REALTY.
Deals Down on the Panhandle Rail-
road and at Williamsburg.
THE GERMANIA BANK BUILDING.
One of the Greatest BOOms of the Season
Affecting the HOOsiers.
THE DRIFT OF LOCAL SPECULATION

There is q brisk demand for and good
movement in property for subdivision.
c. H. Love sold to A. L. Watkins for A. L.
Gangwisch piece of ground at Ingram sta
ton, containing ten acres for 81, ,5OO or $3.50 an
acre. The purchaser, it is understood, will
lay it out in lots and erect number OF
dwellings for sale.
Ready for the Carpenters.
Plans and specifications for the new Ger
mania Savings Bank building have been COM
pleted, and work on it will begin as soon as
the strike is over Mr.. Meyran was asked for
details yesterday, but said he was not quite
ready to give them out. He added: "We
would have had the work under way before
this but for the strike Although plans have
been prepared they are subject to some
change as new ideas are suggested. You may
say, however, that the new building viii be
different in many respects from the olo one.
1t will be larger and finer. Our intention is
to erect one of the finest bank Dunolngs IN
Pittsburg."
Bought a Residence.
Thomas Hackett, of Stewart, Hackett &
Co., has purchased through Straub & MOTIFS
an elegant residence on Belvidere avenue,
Grafton, for which he paid $3.50 cash. Mr..
Hackett will move to his new home in
short time.
Big Real Estate Fronts.
"whatever may be the final outcome OF
the proposed big three stock yards down in
Indiana" said Chicago broker, their pur-
chase there has given most fabulous lnfia-
ton to values In the fall of 1889 r. W. Hy-
man, Sr.. purchased 1,1OO acres of the Hart
estate, bordering on Lake Michigan
and the Calumet river. He paid
s29 an acre. As illustrating how novel
thing sale of property in this part of the
country was, it is said that, though the Hart
estate owned over $4,000 acres of land In this
region, this was the first sale it had made
for % years. Nine months after his purchase
Hyman sold the tract for which he had pa1d
about $32, 900 to the big three for about $25O,-
OOO This sale gave him profit for the time
he held the land of almost 100 per cent
month on his investment. The next pur-
chase was at the rate of $275 an acre, so
rapidly had values appreciated. Other
people made haste to reap the benent Oh tne ne
| boom. Oscar Daube bought a tract OF HO
acres for $50 an acre, and almost lmme-
| diately afterward sold ten acres OF IL Tor
1859 an acre. Another firm is said to nave
| gone into this region last year with about
| 81. .OOO and made $4,000 during the season.
| These are only specimens. large number
| of men made big money in this region, tne
| amount varying with the magnitude OF their
| operations. 1 have seen many phenomenal
| things in real estate, but don't think ever
| saw anything quite as phenomenal as tnls
Indiana STOCK yarQS reSlon
Some Williamsburg Deals.
Williamsburg furnishes its share Of real
estate items, showing an active property
movement. Here are two: Phillip Vordlsh
| sold a few days ago six lots and half an acre
| in the Third ward, below the railroad, to c.
| C. Hindman, of Dubois, for $1,000. He also
| sold a house and lot on the corner of Alfred
| and Union streets to Andrew CoveTman for
| 81 200 1t is understood that Pittsburg firm
| is negotiating for the Singer property, CON
| sisting of 80 acres and a fine residence. 1t Is
| held at about $lOO,OOO.
Business News and Gossip. o.
| So far as can be learned, the clothing firm
alluded to few days ago in this column has
the inside track for the purchase of the
church property.
On August Is the stockholders of the Pitts
burg and Chicago Coal Company will con-
slider the proposition to increase the capital
| from $500 900 to $350,000, and to increase the
| indebtedness from 500, 600 to $l75,00O.
1t is pretty certain that the Pleasant Val
| lev Railway will not consolidate with the
| Manchester before the return of Colonel
| Stone and W. H. Graham from Europe.
| Northwestern Indiana is having real es,
| tate boom. The Southern California disas-
| ter has no terrors for the HooSlerS.
| The long continued depression in North,
| ern Pacific stocks and bonds is said to be due
/
| An entire caravan, conveying gold dust to
| the value of $20OOO,000 rubles and belonging
| to the Russian,G Government has smysteriously
| disappeared i'll the sands OF Eastern siberia
| a number of properties will be offered at
| the real estate auction rooms next thursday
| by S. W. Black & Co.
| 1t is stated that the Union Pacific Com
| pany,s refunding plan will in all likelihood
| be formally announced to-day or tomorrow
| The Denver preferred dividend is due in
| August. No action will be taken on it until
| The BurreIl Improvement Company re
| ports the sale of 20 more lots in the new town
| of Kensington. A number of improvements
The New York Reel Estate Record remarks
dullness in the real estate market compar
able with that in the stock market. In truth
| general trade differs little from real estate
| and stocks in this particular.
| The Distilling and Cattle Feeding Company
has declared a regular monthly dividend o.
hper cent payable July /
a dividend of 81 per share, payable July 8 tc
the record of June p. The books will re
open July 9.
law imposing specific tax upon mining
| properties.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
William Caniar, two-story dwelling, 1sx3
feet on Sciota street, Twentieth ward. Cost
81, 800
Frank Mcknight, two brick two-story ant
attic dwellings, 22x5O feet each, on Centel
avenue, Twentieth ward. Cost, $4,000 fo
both.
Jacob Rimler, two-story frame dwelling
Isx23 feet, on Salisbury street, Twenty
seventh ward. Cost, $1,60O
William NJ. Conway, frame stwo-story
dwelling, 27x33 feet, on Bedford street, Thir
teenth ward. Cost, $500.
I Henry Robson, frame two-story dwelling
| l6xSO feet, ON Breeds Hill, Nineteenth ward
Cost $780,
Movements in Realty.
J.E. Glass sold for A C. Watkins to Welfe
Brothers, the well-known grocers, four lot
in the Riverview plan, for 81 500. They viii
build three handsome dwellings on them il
the near future.
Straub g. Morris sold to Edward Kage
two lots on the ridge at Grafton for $3.50 cash
Black & Baird reported sales in Kenilwortl
place, on Heron Hill, at the grand auction
on Wednesday, as follows: To Michae
Kuehn lot No. IA for $575, to j. Linenbrinl
lot l5 for $3.50, to ]. C. Earhart lot 16 for $3.50
to W. H. Wood lots Nos 35 and 36 for 81, 300
| to r. Babbit lot 10 for SOD, to E. l.. Porter lot
Nos q and % for s., go, to II. B. Ewing lot
for $3.50, to r. b. Burk lot for $5S5, to
| Schreck lot for $575, to Paul FrenZel lot
for $50, to Earnest Baur lot for $500, to D
r. Evans lots Nos. 6 and Z for 81, ,030; in tn
Haywood plan at the same time and place Il
Michael O'Hagen lot 8 for $500, to S. Broid
lot II for $525, to Mrs. Mary Kearns lot 26 70
$780, to John Faherty lot q for $500, to W. A
McClurg lot Is for S5l5, and to A. Rosenberi
lot l2 for $525.
Reed B. Coyle Co. sold lots Nos. 200 an,
20l in their Marion place addition, frontin
so feet on Parnell street and extending bacl
an average depth of 1853 feet, for $500.
| John Il. Ewing & Co. sold for L. G. Rohl