Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-03

the largest of the year. Baxter, Thompson
& Co. yesterday sold for Robert Sproul to
Mr.. M. Finnegan, of olean, N. z, prop
erty on the west side of Atlantic avenue,
Twentieth ward, for $13.500. The lot is
100x170. with fine new two-story and attic
brick dwelling of Is rooms.
In the same district during the week ex-
Sheriff Guffy, of Greensburg, bought two
vacant lots on Liberty avenue. each 60x200,
for $S, 500. Mr.. Gufy proposes to build an
elegant residence there for himself, as he
has made arrangements to locate permanently
Particulars Of Big Deal
Brief mention was made short time ago Of
the sale of a large block of the q. w. Oliv er
property in the Twenty third ward. but owing
to the unfinished state of tn deal at that time,
details were withheld. These came to hand
yesterday. The property comprises about nine
acres, and is bounded by Second avenue,
Hazelwood avenue, Sylvan avenue and the
William Lewis tract, with three buildings. one
OF them, the Oliver mansion, being among the
largest and finest residences in the ward. The
purchaser was Ira Nj. Burchfield and the con-
sideration $4,000, The deed was filed for
record yesterday afternoon. 1t Is Mr.. Burch-
fields intention to sub-divide the property and
put it on the market at once.
Allegheny Real Estate.
In regard to the condition and prospects of
real estate on the Northside, John K. Ewing d
Co. say: 'Tbere is little going on in the way
Of definitely completed transactions. The con-
fdeuce OF real estate operators and real estate
brokers In the prospect of an active market Is
not yet shaken, and, indeed, there is little
cause why 1t should be. While this week has
been comparatively dull so far as completed
transactions are concerned, 1t has by no means
been one of idleness. Inquiry for property is
activei pending negotiations are legion. There
are enough prospective transactions In sight
to keep brokers busy half the year to close up.
The same thing can be said now that has been
said each week for a month or more. With .
period of good weather there will be q revival
in the market which will equal the fondest
hopes OF the men who make their living by
commissions from sales. There is no sign of
weakness In the market. There is no property
to be had at prices lower than it could have
been had few months ago; there is much that
canffot be had as cheapiy as it could last fall.
Owners;seem to consider themselves masters of
the situation, and are as firm as the ground
they own in their ideas of values"
Figures on Building.
1t is roughly estimated that there are fully
800 buildings Of various kinds in course of erec-
tion in and Immediately around Pittsburg.
work on which has been suspended in con-
sequence Of the strike. OF this number 200 are
in the East End 100 in the Williamsburg dis
triot 16o on the Southsids, so on Perrysville
avenue. so in the Ellsworth district, and the
rest In the city proper. Besides these tho
various architects have orders for plans for
about 500 more. Permits taken out IN the city
SO far this year represent ], 600 structures,
large and small. These figures show great
activity in this line OF business under ciroum-
stances which would cripple any industry. For
the interests of the city. and especially OF
people of small means who want to build to
save rent, it Is sincerely hoped the strike
blockade will soon be removed.
Facts About Mortgages.
Statisticr show that the number of mortgages
In the United States is 100000, Of an average
value of between $500 and $500, the total value
being about 81, QUO, ,00O,0 600 The number Of per.
sons holding mortgages is about 3.50o,000
Ninety per cent of all the mortgages were given
for what are called '.live debts" that Is, i'm
provements and business operations. These
facts prove that debt thus incurred is not such
q burden as some people think. It has enabled
q great many necessary improvements to be
made which otherwise would have been impos-
sible. Borrowing money on mortgage for
building OF betterment is q species of saving to
be commended. 1t has been the means of
changing hundreds OF people in Pittsburg from
renters to proprietors.
Business News and Gossip.
Major Peutecost has ordered lumber FOR ten
houses in Valley View place.
Seventeen purchase money mortgages were
fled for record yesterday, showing that home
builders and improvers are still active.
Business in stocks outside of the exchange
last week was the best Of the year. Nearly
5000 shares Of Monongahela Water Company
were marketed. Orders from new buyers were
numerous.
The Real Estate Auction Board room has
been fitted mp neatly, but not gorgeously, aud
is now ready for business.
Pittsburg and Western Railroad a sold In
New York at 70.
Lots in sheraden Terrace are going OF like
hot cakes They are well located, convenient
and undoubtedly cheap.
Manufacturers should read the inducements
presented in another column by the promoters
of the new town of Kensington.
w. j. hoolnson was the principal buyer of
Electric. R J. Stoney, Jr., took Pleasant Val
The Manchester Traction Company's lines
WILL it is reported, be ready for business about
the middle Of June.
The Iron City National Bank has declared tho
usual ssmi-annual dividend of per cent, pay
It Is limited that to-morrow's meeting of ths
Philadelphia Company will be made lively BY
an attempt of outsiders to capture tho manage.
ment
The Building RECORD.
During the week 90 permits were issued, rep. |
resenting "a buildings. brick, 81 frame and |
ronclad, the total cost of ali being e10l, $40. |
The Nineteenth ward led with 9, followed by |
he Twenry-frst with buildings.
The number Of permits taken out the |
previous week was IS. representing 70 buildings |
,f an estimated value of s87. .86s Number Of |
buildings for which permits have been granted |
his year to date, s42 Yesterdays list follows:
DR.. ]. A. Potts. frame two-story stable, l2x22 |
,eet. on Shiloh street. Thirty-secOnd ward. |
Alfred Marland, frame thres-story dwelling.
SxS2 feet on Whitfield street. Thirty-second |
ward. Cost. 81, 400.
Mrs. Mary Morrow. frame two.story shop,
sx26 feet on Collins avsnne. Nineteenth ward
Mrs. Mary Morrow. frame two-story dwelling,
s1So feet, on Morrow street. Nineteenth ward.
Samuel Pickett. frame two-story dwelling,
mSxS9 m fest on N Morrow avenue, Nineteenth
Thomas Weifer, frame addition one-story
sitchen, l21fxi2K. feek on Greenfield street,
rEenty.third ward Cost s20e.
lWelling lSx2 feet. on Ellsworth avenue.
Twentieth ward. Cost 500.
William II. Proctor, frame two-story and attic
yelling 22TS2 feet, on on lnwood street. Twenty.
r. K. Armstrong. frame addition two-story
md mansard dwelling, 16x20 feet, on Idlewild
treet, Twenty-frst ward. Cost $500
Daniel Wenke, brick addition ,two-story
lwelling, 15xl8 feet. rear Sarah street. Twenty.
ixth ward. Cost, $500
John Smith. frame one-story shop. 10x15 feet,
avenue. Thirty.nrst ward. Cost, SIS
Andrew Patton, frame two-story dwelling,
exs2 feet, oh Journal street. Thirty.nfth ward
Movements In Realty.
Allies d Bailey sold for Henry Chess the
roperty, No. 20l0 Carson street, Southside, lot
2x120 feet to an alley with large frame
yelling, being the old Chess homestead to o.