Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-15
A DOWN TOWN DEAL.
The Old Pension Office on Third Av'
enue Changes Hands.
1T WILL BE USED FOR BUSINESS.
Local Pride Combining With Abundant
Capital to Beautlfy the City.
FEATURES OF MONEY AND SPECULATION

FEATUNEO UE mUNE1 AND SPECULATlUN
Interest in the new postoffice district wa:
further emphasized yesterday by deal on
Third avenue. Mr.. Edward Rahm sold his
property, 154, almost opposite the southern
entrance to the big building, to we'll.
known East Ender, who makes a business
of operating iu real estate, and is consid.
cred an excellent judge of values, for ST 200,
The lot is 20x110 feet to Hog alley. The
building is good three-story brick. 1t
was occupied by Pension Agent Barclay
during his term of Office, and by Mr.. Ben
cough until his removal to his present quar-
ters on Diamond street.
The interior will be remodeled and q new
front will be put in to adapt it to business
purposes.
The New Departure.
Until within few years Pittsburgers al
legged as a reason for the neglect of their
surroundings that they were too deeply i'm
mersed in business to look after anything
else. This reasoning was considered good
enough at the time, but facts show that it
was untenable. Pittsburg has never been
so burdened with busines as during the
last two or three years, and yet. at the same
time, it has been found entirely practicable to
adorn the city with magnificent business
houses and the suburbs with beautiful
homes. There is no city in the country
that has improved more rapidly in
this respect than Pittsburg. What the cul-
mination of this movement will be is be-
yond human power to foresee.
That it will be worthy of the ancient
fame of the city and in keeping with the
aesthetic spirit of the age can be predicted
with the utmost precision. Capitalists have
contracted love for lands and houses, and
are putting their money into them in un-
stinted measure. This is seen in the growth
of the principal streets, but more especially
in the costly and elaborate improvements in
the exclusively residence quarters, which
are confessedly unequaled in America. All
classes of people are benefited. A fine
house is an object lesson. 1t spurs the man
of moderate means to greater effort to i'm
prove his condition, and stimulates all to
acquire homes of their own.
Not Enough Cars.
Some idea of the volume of railroad traf-
fic may be had from the fact that an average
increase of about 1000 freight cars year in
the last three years on the Pennsylvania
system is now inadequate for the prompt
handling of current business.
Business News and Gossip.
The Soho district would be the better for
fagstone pavements.
There is talk of the johnson property at
changing ownership.
Wayne county, o., has voted by large
majority to issue county bonds to the
amount of SS5. ZOO.
Coal stocks are bracing up in anticipation
of q severe winter.
New York money brokers report an in
creased disposition to put out funds on time
loans
Paris advices indicate the comparative
failure of the new Russian loan.
Morris & Aisbitt report active sales of
lots in Schenley View Place. This proper
ty is within convenient distance from 81
large manufacturing establishments.
Railroad earnings for the first week of
October, so far as reported, show nearly
uniform and gratifying increases.
Anthracite coal companies are buster than
hey were this time last year and many
arge contracts are in view. An advance in
prices is predicted.
Considerable of the preferred stock of the
Electric and Manufacturing Company was
subscribed for Yesterday.
Pittsburg and Western Railroad earnings |
or the first week in October show q de- |
,rease of So, Boo
London prices yesterday showed an i'm |
orovement of u per cent. New York was |
with best prices not sustained.
James E. Walker has sold to James Wal |
ace farm in North Fayette township for |
q, ,750.
Movements in Realty.
The inquiry and search for sites in the |
BUSINESS districts continue, and a majority
# the men one meets have scheme of some
# some sort to buy or lease Advices from
he new industrial settlements around the
ity are all favorable. They are prospering
inely. New activities are coming in with |
regularity and none languish
Black & Baird sold the property 344
Jedar street, Bloomfield, being two-story
rame dwelling of six rooms and a small
rame house in the rear, with lot 40x125
eet to an alley, for So, 200 cash.
A. a. Byers & Co. sold another lot for
he Ridgeview Land Company to George F.
young, being No. 155 in their plan on the
inc of the California avenue electric road,
eleventh ward, Allegheny City, in size
4x110 to an alley, for 1915 cash. They re-
'ort quite an active market for lots in this
Ian.
John X. Ewing & Co. sold for Thomas
lcIlwain to John Wurdock q vacant lot,
0x100, on James street, Third ward, ALLIE
heny, for 81, $50 cash, Also sold two lots
n the F. G. Rohrkaste sub division, on
irant avenue, to John Linhart, for $3.50 cash.
Baxter, Thompson & Co. sold lot No. 10
such Place plan, fronting % feet on Kirk
atrick street and extending back 125 feet
D 2O-foot alley, for $500; also, lot No. 500
n Butler Place plan, Eighteenth ward,
ronting 20 feet on View street and extend
ng back 100 feet to 2o-foot alley, for 5000
ash.
An OF Day for Builders.
The only important building permit
aken out yesterday was issued to N.
Gilbert for a brick two-story dwelling on
'airmount street, to cost Sc, 000 Three
theirs were granted for small Improvements
total estimated value of 50, 40.
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