Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-21
A NORTHSIDE DEAL.
An Oil Cresus Dickering for Valuable
Property Near the Park.
BUILDERS MAKING A GOOD RECORD.
Allegheny Parochial School Postponed Until
Next Spring.
THE FEATURES OF LOCAL SPECULATION

THE FEATURES OF LOCAL SPECULATION
1t is likely that Allegheny City will fur
| nish an important item of real estate news
before many days elapse. Liggett Brothers
| are working on a deal involving over $4,000.
The property is unimproved, and is situated
| within square or two of the West. Park.
The probable purchaser is wealthy oil
operator. He has been looking around for a
site for fine residence for some time, and
four or five days ago opened negotiations
with the firm named above for the property
! in question. If the deal goes through, as is
probable, he will as soon as possible begin
one of the handsomest dwellings on the
Northside.
As general thing uncompleted transac-
tions are as unreliable as bird in the bush,
but sometimes buyers mean business from
the start. This is the case when they get
"red in the face" as an agent put it yester-
day. The above is case of this kind. Two
or three other good things are progressing
favorably. They are mentioned merely to
show that there is more doing in real estate
than appears upon the surface.
Building Present and Prospective.
The anticipations early in the season that
those of 1890 are not likely to be fulfilled by
reason of the carpenters strike. Thedecrease
will, however, be smaller than is generally
supposed: and there is bare possibility that
there will be no decrease worth speaking OF
This, however, depends upon the early set
tlement of the labor troubles, and exception
ally good conditions thereafter. But, as
stated, the possibilities are that last years
record will not be broken.
So far this year permits have been taken
out for the erection of 925 buildings and ad-
ditions against 1913 for the same time last
year. This is doing remarkably well under
the circumstances. 1t is fair to assume that
much of the work of the year will be done
in the last half of 1t, and as several hundred
buildings are in position to be started as
soon as the carpenters are ready no time
will be lost on preliminaries, but operations
will be pushed with such vigor as to make
up P2o for much, if not all, Of the he lost time
tions may be it should be remembered that
last year was one of remarkable activity in
the building line, not only in Pittsburg, but
in nearly every city in the country. Here
New York for 3,537; in Brooklyn for 4S00,
and in Chicago buildings occupying a
frontage of 80 miles were erected. Fail
ure, therefore, to equal last years record
cannot by any known method of figuring
or reasoning be construed to mean that the
demand for houses in Pittsburg is abating.
Any real estate broker in the city is pre-
pared to disprove this notion.
The fact is, there are not enough dwell
ings and business stands by at least 600 to
supply the immediate demand from in
siders and outsiders. OF the latter, between
few months for business places in Ptttsburg
and Allegheny without being able to secure
them. This fact is sufficient to keep builders
on the jump.
Postponed Until Spring.
The property on the corner of North and
West Diamond streets, Allegheny City, lately
purchased by Bishop Phelan through J. B.
Larkin & Co. as a site for a parochial school
in connection with St. Peters o-Cathedral,
has been rented for the remainder of the
year, and consequently work on the pro
posed building will not be started until
next spring. This will be one of the finest
structures of the kind in the State. 1t will
cost between SIS, 900 and 100000.
Business News and Gossip.
The Baltimore and Ohio Railroad is figur-
ing on important improvements at Glen
wood.
The local bond market is quiet. The fol-
lowing quotations were made yesterday:
Citizens Traction 5s, los bid, los asked; Pitts
burg Traction, 1922 bid, 1O4 asked.
There were no important mortgages on
the Recorders file yesterday. Eleven of S6
were for purchase money.
The Northern Pacific directors will meet
to-day, when it is expected they will declare
the regular per cent dividend.
Treasury officials think the further out
flow of gold will be limited. to about
s1S, 100000.
Dunlevy Bros.say the New York figures on
pork and lard printed In this column yes
terday, were rather wide of the mark, and
correct them as follows: Mess pork, q year
ago, $ls 10@l2 l215; yesterday, $11 5O@11 81;
lard, year ago, Sc 20; yesterday, Sc 1896 so.
The only offer of Electric scrip yesterday
The annual meeting of the stock and
bondholders of the Pittsburg, Fort Wayne
and Chicago Railway was held in this city
Harrison and G. B. Roberts were elected
directors to succeed themselves. The re-
port of the President shows that the total
income for the year 1880 was S12, ,034 ,0S2 36,
and the expenses of operating and main
tanning, s7,959,s ,s34 26. The lessee company
paid to the Ft Wayne Company as rental
for the year s., ,o4a u, leaving anet profit
to the lessee of $940, 1873 35. The report of
the Consulting Engineer was read, and
showed the property of the company to be
in a satisfactory condition.
1t is now stated that cars on the Manches-
ter Traction road will be started within six
weeks.
Next to the fractions, Standard Under
ground Cable is the strongest feature of the |
local SUOCk IndTkeJ.
The Pension Office has notified the Treas
ury that there will be required to pay the |
quarterly pensions due June 4, about |
W. 4. Heron & Sons find in looking over
the old deeds of property on North avenue |
lately sold by them, that 80 feet of ground |
fronting on the most desirable part of the |
parks about 35 years ago, cost less than |
s, 200
The Building Record.
Permits for the erection of the following |
buildings were issued yesterday:
Henry Wolff, iron-clad addition, one-story |
bottling house, l0x5S feet, corner Second |
avenue and Try street, Second ward. Cost,
$500.
j. W. Kirlzer, three frame two-story dwell |
ings, 16x30 feet each, on AtYell street.
TSenty-first ward. Cost, 81, 500. " '
B. j. ii. Carnegie, two frame two-storv and |
attic dwellings, 161%x35 feet each, on Ulysses
street, Thirty-second ward. Cost, g, 500 |
Hallett & Arthur, two frame two-story and |
mansard dwellings, 2lx32 feet each, on John |
street, Thirteenth ward. Cost, $1,5O0 each.
J. G. Johnston, frame one-story dwelling,
24X24 feet, on Morningside avenue, Eight |
eenth ward. Cost $500
7. d. Perchment, frame two-story store
and dwelling, 19x40 feet, on Station street,
ward. Cost, 81, 200.
Movements in Realty.
A. j. Pentecost sold for the Safe Deposit |
Company, of Pittsburg, 40 building lots in
the James E. Myers plan, Seventhward, Nc
Keesport, for $3.50. P. Glasen real estate
dealer, Mckeesport, was the purchaser.
NJ. f. Nipple Il Co. sold for Reed b. Coyle |
& Co., q lot 5Oxl20, on the south side of Bo- |
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