Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-10
ANOTHER BIG DEAL.
Five Acres in the Highland Park Dis
trict Just Picked Up.
SOUND CONDITIONS HELP TRADE
Prospect of a Presbyterian Home for Old
Ladies at Williamsburg.
OFFICE AND STREET NEWS AND GOSSIP

1 Ur lOB AVN NDNo NM SN1D-A
Highland Park comes to the front again
with an important transaction in real estate.
Prof w. c. Lyme yesterday afternoon pur-
chased from P. H. Laufman five acres and q
fraction adjoining the park, and lying be-
tween Heberton avenue and Farragut street,
for 1920
This deal is one of series in the same
locality, and involves some extensive i'm
|'provements which cannot be mentioned in
detail until all the preliminaries are settled.
Presbyterians Make an Offer.
1t was mentioned few days ago that MI.
Peter Dick had made an offer for the Hub
ley property in Williamsburg. His figure
was considered too small, and was rejected.
1t was learned yesterday on good authority
that an association connected with the Pres
byterian Church has made bid which will
'likely be accepted.
Should this deal materialize the building
will be converted into Presbyterian Home
for Old Ladies, for which purpose it is ad-
.mirably adapted.
Investors More Confident.
A tour of the real estate Offices of the city
or almost any of them, will convince the
most skeptical that the market is more
active than at any previous time this year.
There is still some difficulty in getting sell
lers and buyers to agree upon values, but
that they are beginning to look through
| the same glasses is shown by the amount of
business done week after week and day
after day. The inquiry is not confined to
any particular class of property or district,
| but embraces all.
Investors are no longer apprehensive OF
stringent money market, but feel conf
dent of period Of great local and general
prosperity This is turning their thoughts
to real estate, and giving it a bulge which
is seen, heard and felt in all directions.
On q Sound Basis.
The tide has turned. A few months ago
there were apprehensions that the gold that
was being sent to Europe from this country
would cause financial panic and tie up
enterprise of all kinds. These fears have
proved groundless The yellow metal is
coming back by every steamer. 1t is shipped
almost every day from London, Paris and
Berlin. The receipts of gold during this
month promise to be the largest ever known.
That this will be powerful factor in stimu-
lating business in all lines cannot be
doubted.
The only dangers to guard against are
over speculation and the artificial manipu-
lation of the money market by spectators,
and those evils will very likely cure them
selves by distrust and discredit of their
'arthors.
The B. q o. Dividend.
According to the Fisancio. Chruescls the
Baltimore and Ohio stock dividend, which
is promised the shareholders at the next
annual meeting, will, it Is said, take the
form of distribution of accumulated pro-
fits, rather than dividend out of the years
surplus. Since the payment of dividends
was suspended a very large amount of
money that really belonged to the stock
holders has been invested in the property,
and the dividend will distribute large part,
if not all of this sum.
1t is intimated the dividend will be not
less than 20 per cent, and it may reach 30
per cent. This means the addition of
So, 100000 and 81 200, 900 to the share cap
ital.
Business News and Gossip.
The Smithfeld street puzzle has been
solved, but the Cherry alley mystery re-
mains
The latest reported sale on Boquet street
was at the rat. of $50 front foot.
Agents say there is very little Smith
field street property on the market.
A good-sized deal is pending on Third
avenue 1t involves the erection of six |
story business house.
Exchange memberships come higher. |
Ten were wanted yesterday at s40O each,
but could not be had
For Citizens Traction 5s yesterday 105 |
was bid, offered at 107. Birmingham Trac- |
tion was offered at II. For Duquesne 11H |
was bid.
Total gold known to be on the way to New
York from Europe is s., 127 900. Over S12,-
000, 900 have been received.
H. I. Coffin, Treasurer of the Iowa Loan |
and Trust Company, of Philadelphia, yes
terday dropped dead on Wall street, near |
Broadway, of heart disease.
There was bid yesterday of AZ for five |
shares of Pittsburg Traction stock.
John d. Barbour, Jr., bought rs Switch |
and Signal at 9K.
Movements in Realty.
Baltensperger & Williams sold lots Nos. |
Sc, 81, IS, &c. 40, Al and ~ in the Ingram villa
plan at Ingram, Pittsburg, Cincinnati and !
ST. Louis Railroad, to NJ. E. McCracken, of |
Allegheny City. at q price approximating |
s., 800
Jas. W. Drape & Co. sold a small farm in |
Plum township of nearly 20 acres without |
improvements at 500 per acre; also, part of |
a farm of 80 acres in Eliza beth township |
at 81, 900; also, five lots in the Keystone plan |
on Prather avenue, ut ST. 200: also, several
lots in Munhall Terrace plan, near Home
stead, at from 1910 to $3.50; several sales have
also been made at Avonmore at prices rang
ing from 800 to $500 each: also sold q collal-
eral interest in six properties in the city for
$50 600; also, sold a residence and large cor
ner lot near Center avenue for Sl0 $50; also,a
lot 47xll0 feet il, Allegheny, near Linden
avenue, for s., 400.
A. T. Byers & Co. sold for Mrs. Seloma
Jenkins to John Weitzel lot fronting 80
feet on Duquesne avenue, Duquesne Park
Tenth ward, Allegheny City, for ii .000
side of Boquet street, Fourteenth ward size
3O1l2O feet for 81 $50, or $65 per front foot
Black & Baird cold for L. A. Gillespie lots
Nos. g. L. and in the Heron Hill Park
plan, Thirteenth ward, for 81, us.
Hoffman Baldridge sold lot No. in the
Edgewood Park plan, at Edgewood, 40x1l6.
Tor 81, 900.
A Leggate & Son sold, on the real estate
auction board, the house and lot 1l9 Irwin
avenue, Allegheny, lot 2oxl3s feet, and brick
dwelling OF five rooms, for 81, 300: also, SUBJ
iect to the approval of Orphans Court a lot
s0xl3s on Perrysvflle avenue, Tenth ward,
Allegheny, at $3.50.
Baxter, Thompson & Co. sold lot l6 Ruch
place plan, fronting % feet on kirkpatrick
u ls,,,l i'm Co.