Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-08
POINTS ON REALTY.
The Market in Better Shape Than 1t
Appears on the Surface.
OPINIONS OF LEADING BROKERS.
Local Stocks Moving Slowly, With Encour-
agement From the Outside.
OFFICE AND STREET NEWS AND GOSSIP

estate. The market is better than 1t looks
as the following interviews with many o
of the leading brokers clearly demonstrate
Baltens perger & Williams-Trade ha,
been slow for some time, but the inquiry i,
| improving, and if the eight-hour matter
| doesn't result In strike there will no doubt
be good summer business.
Charles Somers q Co.-The market is in a
| good. healthy condition. The disposition to in
vest in real estate is greater than it was a yeaI
ago. With the return of good weather and
good health that will follow, transactions will
assume liberal proportions. Values are natu-
rally hardening. and will keep pace with the
growth of the city. The opinion entertained
| by some that the financial furry and strikes
would depress values. has proved fallacious
The effect has been rather the reverse for the
reason that good many capitalists have with.
drawn from speculation and invested in real
estate.
Samuel W. Black & Co.-The market is in
good condition. One reason for the lull is
advancing prices. There are investors ready to
give real estate the preference, but are not
disposed to pay premium for the privilege of
buying. We think the outlook is good for a
fair summer trade.
J. G. Reilly-Tnere is a good inquiry, but
sales are rather slow on account Of bad
weather. bad roads and the grip think busi-
ness will revive as soon as the weather settles.
j. E. Glass-The market has been slow for
some time SO far as closing sales were con-
cerned, but the outlook is encouraging. The
buyer is still around. and few bright days will
bring him out. Improvement in the weather
will change the situation altogether.
M. F. Hipple-1 think the lull Of the past
few weeks will have good effect. 1t will pre-
vent anything like boom, and restrain
fictitious values by keeping the market in a
normal condition. The outlook is verS good.
George Schmidt-If the eight-hour agitation
passes off without strike business will at once
pick up. There is good inquiry for building
lots and also for houses. l have just sold IL
lots in Eureka place plan to persons who pro-
pose to build at once, strike CT no strike
Allies & Bailey-We think business will soon
causes well understood and is only temporary.
There is no reason for dull times here. Nearly
everybody wants houses, rents are being
promptly paid and values are steady. The
outlook is as good as in any previous year at
Baxter. Thompson & Cove have been do
ing good business right along. Good prop
critics are in demand. Houses are very scarce.
There is no indication of a break in prices.
Ira NJ. Burchfeld--I think business is i'm
proving. and will be all right when the weather
settles and the grip disappears, I have had
good for an active movement during the sun
mer.
Magaw Gof-We find the market very
good, having about all We can do. The outlook
is as good as it was last year at this season. We
have number of houses under way and in
Quiry for more.
Black Baird-The market looks fair With
good weather and retiring grip things will be
all right. The element of speculation in the
outlying districts has materially decreased.
Good residence property for use of buyers is
ready sale at a fair value. For downtown prop
critics buyers are more numerous than sellers.
w. A. Heron d Sons-We think 1t is too
early TO indicate what the year will be. This is
a season of changes that necessarily make busi-
du11 So for he hacr nd
we see nothing to indicate other than fair
years business. Inquiry has been very good
and with the opening of spring and good
weather we expect to see considerable real
estate change hands.
C. II. Love-I think all that is needed to put
the market on its feet is good weather. There
is general disposition to invest in real estate.
and there is plenty of money for tnat purpose
Inquiry is fair and values stiff. l have sold
eight houses in the lower part of the old CITY
within SIX weeks at prices ranging from $1,000
to SIC. 200-in each case an advance on any
former sale. Good business property is in re-
quest
straub d Morris-with half the people sick,
business is as good as could be expected. We
are having as many inquiries as usual at this
season, and are selling considerable property.
The outlook is improving.
Tressel & Tener-The market will soon be
out of the rut Inquiry is increasing and the
outlook growing brighter
James W. Drape & Cove have nothing to
complain of. Inquiry is good. Transfers show
is every indication of an active movement
during the summer.
Business News and Gossip.
The new electric cars on the Second avenue
line are handsome and convenient.
Finishing touches are being put to the front
of the Hostetter block. and the elevator will
soon be ready for operation.
The extension of the Tradesmen's National
Bank building has been postponed until next
year.
]. F. Baxter left last evening in charge of an
excursion party to attend the opening sale of
lots at Sylacanga, Ala.
The largest mortgage on the Recorders file
yesterday was for $4,000. Sixteen of S6 were
for less than $1,000 each. Eighteen were for
purchase money.
Angus Yuk is building block of 50 dwell
ings at Bristol, Pa.
The dissolution of the firm of Sproul & Law
renee is purely business movement there
being no interruption of the pleasant relations
which have existed between them for years.
Samuel W. Black has returned from Ber-
muda, and was circulating about Fourth ave-
nue. yesterday.
The Bankers and Bank Clerks Association.
at meeting yesterday afternoon, took appro-
pirate action on the death of MIR. John Har-
per.
Thomas II. Sheppard sold to c. B. Harmon a
for $1,000.
New York and New England yesterday de-
clared the regular dividend on the preferred
stock.
One million gold was ordered for shipment to
Europe by Heidelbach, Ickelheimer & Co.,
New York.
Gold closed on the bourse at Buenos Ayres
at 252 per cent premium.
A. A. Gibson has sold his stock and retired
from the Exchange.
A. jackson Clark. Superintendent of the
American Coal Company, died at Homecoming,
Md, on Sunday last
The Building Record.
Permits for the erection of new buildings
were issued yesterday as noted below:
Mich Schwartz. frame one-story dwelling,
l6x32 feet. on st. Paul street, Twenty-seventh
ward. Cost $500.
John Helllgan, brick two-story dwelling, Tx
"a feet on Home street, Seventeenth ward
Cost, $1,000.
Margaret Creegan. one-story kitchen, 9xs
feet, on Woolslaier alley, corner Fortierh street.
Cost Sl00.
Movements in Realty.
Baltensperger & Williams sold IA lots in the
Kreiling plan, Tenth ward, Allegheny, the con.
for all aggregating $780, They will
be built on this season.
Black d Baird sold to Samuel M. Jackson lot
No. % in section 28. in the Denny plan, Thir-
teenth ward, in size 25xl4l feet, with small
dwelling thereon. for $780,
G. A. Saint sold to Z. Farrell lot No. q in
MELONS Temperanceville plan, on Steuben
street. for 81, 600.
A. 2. Byers Co. sold for Hugh Marshall to
L. Jones, lot No. in the McKain & Miller
plan. having frontage of S5 feet on Maple
avenue. and running through 100 feet to l5
foot alley, situate in the Tenth ward, Alle-
gheny, for $3.50 cash.
HOME SECURITIES.
of the Day on 'Change-Light
Trading-No Material Gains or Losses