Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-19
SETTLED AT LAST
A Long Controversy Over an Acre at
Shadyside Concluded.
A COMPROMISE PRICE ACCEPTED.
Ground Upon Which Shadyside Station
Stands Now Owned by The Railroad.
THE FEATURES OF LOCAL SPECULATION

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| land on which Shadyside station stands.
The price paid by the railroad company
was S11, go cash, subject 70 all sewer and
street improvement charges. The property
has been in dispute between the parties
since1SS5, when the railroad company ap-
propriated it for station and yard purposes,
and have since made extensive improve
ments, having now on it one of the hand
soonest stations on the western end of the
road Considering the fact that the value
of the land must be taken as of the value of
the time when the company took possession
in 1885, the price obtained is considered a
liberal one, although the property at its
present value would bring at least $50, 900.
Aids to Success.
The following description of "The Sue
cessful Real Estate Broker is taken from
the Baltimore Record: "a successful broker
should be thoroughly acquainted with the
general laws of realty, and particularly SO
with the laws affecting real estate in his
locality. He should keep apace with all re-
cent legal decisions where there is bearing
upon the subject of realty and transfers, that
he may readily ana with safety transact all
business brought to him by his patrons. He
should be accurate and clear in descrfp-
tionS avoiding ssuperfiuous matter that
might lead to ENHANCEMENT or cause legal
complications
"His position is more delicate than that of
the lawyer who can appeal to the court, the
jury, or TO decisions corresponding to the
cause of issue. 1t would be difficult for q
lawyer to settle matter at issue between
disputants, yet the real estate broker has
his task to perform: 1t often occurs that
the parties to trade or sale consider that
the.other is obtaining the best of the bargain,
and it is no easy mattor to reconcile them.
There never was a graver mistake commit
ted by persons who form mistaken idea OF
economy, refuse to place their property in
the hands of the experienced real estate
broker, who can more unreservedly and
clearly represent the advantages of proper
ty to the purchaser than the owner"
1t might be added that from Pittsburg
standpoint the most successful real estate
broker is the one who can show the biggest
commission account.
The October Hegira.
There are two fitting seasons in Pitts
burg-April and October There were fewer
changes in April than usual, owing to the
scarcity of small houses. 1t is little too
early to forecast with much accuracy the
October movement, but the indications are
that it will be restricted to actual necessi-
ties. 1t is certain that it will not be as large
as if there had been no carpenters strike,
which left a great many people without
means to improve their condition bv NOV
ing into better quarters than they now
occupy. 1t also prevented large number
of people from building. For these reasons
it is likely there will be comparatively few
changes in October. Nomaterial attentions
are expected in rental rates.
A Loss to Pittsburg.
1t will be the occasion of regret to the
friends of Mr.. Henry Fisher, the well known
oil producer and operator, to learn that,
owing to the illness of his wife, has con-
cluded to remove from Pittsburg and make
his future home in California. With this
purpose in view he has placed his palatial
home on Winebiddle avenue. East End, with
its entire Punishment in the hands of
Liggett Bros. for sale.
Business News and Gossip.
The steady Improvements in general trade
is the avant courier of the fall movement.
Good times are coming.
The granger stocks seem to be in favor,
and the strongest bull talk is entirely re-
garding them.
Local securities having passed the summer
without any bad breaks, are in good shape
for a rise.
George Thompson is talking of building a
three-story apartment house on Fremont
street, Allegheny.
The subsistence of the wheat furry was a
great relief to many who were on the ragged
edge. A good many Pittsburgers took hand
in the deal.
At the meeting of stockholders of the Pitts
burg and Chicago Gas Coal Company yester-
DAY it was voted to increase the capital stock
from 100000 to $35O,OOO and to increase the
Indebtedness of the company from $lO0, 900 to
Sl75, 600. The money is needed for improve
ments and extension of business.
DuQueSne Traction was still below zero
yesterday. 1t was offered at 1917.
The last contract necessary to complete
the electric branch of the Citizens Traction
Company to Guyasuta has been let. This is
for the erection of the poles agd wires. The
branch will be running by November L
At the meeting of stockholders of the
Pittsburg Forge and Iron Company yester-
day, the only change made in the directory
was the substitution of Secretary Richard
son for James X. Werner, deceased.
Homewood Methodists have commenced
the erection of church to cost Sl2, 500.
Movements in Realty.
Straub & Morris sold two lots in Schenley
View Nineteenth ward, for $500 EACH cash;
also a lot on Juliet street, Fourteenth ward,
for 81, 200.
George Schmidt sold another five-roomed
house, being on lot No. 166 in his Eureka
place, Oakland to NJ Csnroy for $1,000.
Reed B. Coyle & Co. sold for S. W. Gault
lot on Gladstone street, Twenty-third ward,
being 25 feet front by l45 feet to Parnell
street, for $3.50.
Black & Baird sold to Mrs Bridget Kelly.
through E. s. Fleisher. lot No. % in R. II.
Hays plan of Valley View place addition
Nineteenth ward near Rebecca street, for
for $3.50.
R. q. Bailey sold for Mary Boyle lot No. Sc
in the Boyle plan, Tenth ward, Allegheny
City, 30 feet front on Center avenue by 1i6
feet deep, for SiS5.
Charles Somers & Co. sold another lot in
the Nineteenth ward, city, for William Cor
bett and A. j. Brady to Henry Swoger, en-
bracing a frontage of 25 feet on Rosetta
street by depth of 100 feet, for $3.50 cash.
John Il. EwingN& Co. sold to Robert Hawk
for Frederick G. Rohrkaste, lot 20Xl0O
on Sheridan avenue, Tenth ward Allegheny,
The Building Record
Permits for the following buildings were
issued yesterday:
Cora E. Lincoln. brick two-story on Atlantic
street. Twentieth ward; cost S. 600. NJ. E. Church.
brick and stone church building on
street; cost, So 500. Edmund Quail
trough brick two-story dwelling on John street.
ThirteC nth ward; cost, s.. 0c0. James McCluskv,
frame two-story dwelling on Fifth avenue, Four
teenth ward: cost. 81. 5O0 Charles Turnplacer,
frame twO-stOry dwelling WOOdville street,
rhrty-ffth ward; cost $3.50.
HOME SECURITIES.
THE SPECULATIVE PULSE A LITTLE
STRONGER, BUT NOT WILD.
Bidding Takes a Wider Range, But Trad |