Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-12
Improvement in the Demand for
High-Class Residence Property.
NO SPECULATION IN THE MARKET
A Pittsburg Capitalist Makes Handsome
Investment at Latrobe.
HIGHER VALUES ON CARSON STREET

homes are multiplying in Pittsburg. This
is feature of the situation that is too often
overlooked in forecasting the trend Of
values. With this kind of backing it is i'm
possible for the market to react The pros
pect is that this demand will increase as
| plethoric pocketbooks become more numer-
ous Another fact worthy of notice is that
there is practically no speculation in the
market, buying being almost entirely for
investment and use. These are solid fea-
| lures, with which no one eau fairly find
| fault.
A New Man at the Helm.
Quite an important event with the
Bridgewater Gas Company occurred at the
recent meeting of the company at the Office
of Whitney & Stevenson, of which this is
the first announcement to the public. Hon.
Henry Hire, who had long and efficiently
served the company as their President, re-
signed, and Merritt Greene was unanimously
selected in his place. Mr.. Greene is secre-
tary and general manager Of the Pittsburg
Company, the concern which owns the
various water works plants of the Beaver
Valley and is identified with various enter
prises connected with the new town of ELL
wood. His business experience will make
him a valuable acquisition to the Bridge
water company.
Carson Street Owners Bullish.
The quantity of West Carson street prop
erty on the market is limited. Owners are
holding back with the expectation of an
advance to follow the introduction of rapid
transit. Occasionally, however, transac-
tion occurs. James w. Drape & Co. sold
No IA on that part of the great Southside
artery, lot 251250, with two dwellings and
outbuildings for $4,000 This is at the
rate of S400 foot front-not fancy figure
when the depth of the lot is considered.
Railroads in Clover.
Big railroad earnings more than counter
balance the "small Affections of the passing
hour" In the first week of October the
roads reporting made 6. 20 per cent better
showing this year than last; in the second
week this had increased to 6.s2 per cent, in
the third week to 10. Sc and in the last week
the improvement shown was represented
by the figures 1867 per cent In the last
mentioned period only AZ roads reported,
while the reports of the previous weeks e1-
hibited the earnings of from 80 to S. roads,
yet the Al roads make better showing than
the S8 roads by $1,500,000. These gains
show that the railroads are beginning to OBJ
tain their share of the rewards of the har-
vest.
Pittsburg Capital .. Latrobe.
Latrobe has caught the spirit of improve
ment, and progress is the order of the dav.
Two or three manufacturing concerns have
plants under way and others are talked Of
The streets are being graded preparatory to
paving. Mr.. E. H. Watkins went up there
about two weeks ago and purchased 26
acres, paying 81, 900 an acre. He has since
solds between $1,000 and S10,0 worth of
lots. This property will be extensively
improved next year
Business News and Gossip.
An addition to Knoxville borough will be
laid out next spring. The growth of that
place is rapid and steady.
Stone houses have become a feature of the
East End. Plans are under way for large
number next year. They are also popular
on Perrysville avenue.
Official estimates have it that the increase
in the value of the years agricultural
products over last years will not be less
than 500, 600, 900.
One of the novelties in the new Ferguson
building will be barber shop on the eighth
floor. From its elevation this will necessar-
lily be high-class place.
The dividend declared last week by the
Enterprise Mining Company will amount to
$3.50, 900.
Comptroller Lacey thinks the Maverick
Bank will pay depositors about So per cent.
The Investigator says: "!n Southwestern
PENNSYLVANIA the aim of the petroleum
producers would seem to be to rob the earth
as quickly as possible. The Mcdonald pool
has furnished wells that challange the
supremacy of the mighty fountains of the
Baku field. 1t dwarfs Cherry Grove almost
to insignifcance.
There is some tall talk of dividend on
Peoples Pipeage. There is probably
something in it.
At the last call Yesterday 16A was bid
for Birmingham Traction. 1t was offered at
17H.
Rea Bros. & Co. yesterday sold $4,000
Duquesne Traction bonds at 80.
In regard to the statement that the Splane
property is too small for hotel purposes, in
vestigation shows that it has frontage of
120 feet on Fifth avenue and triangular
depth of 120, with 40 feet on Smithfeld
street. The frontage on this street could be
increased by the purchase of the Murdoch
and Mellon properties, about 60 feet. This
would afford sufficient room for frst-class
hotel, and overcomes the objection that the
site is too restricted for this purpose
The annual meeting of the Fidelity Title
and Trust Company will be held to-day.
A counterfeit on the SO United States
note, w eDSter neaQ, series OF 10oU, mas Deen
detected at the United States Sub Treasury
at San Francisco.
Eight permits we're taken out yesterday
for the same number of improvements all OF
small value, ranging from 81 400 to $50,
the total being estimated at $1,000.
Move ents in Realty.
John X. Ewing s. Co. sold for Miss s. Nc
Intyre to Benjamin Knam a vacant lot, 35x
l20. on Mcintyre street, Tenth ward, Allie
gheny, for $3.50.
Black s Baird sold to John Moriarity lot
No. 40 in the Adam Row plan, n,Twenty-second
ward, fronting 10 feet on Forbes avenue and
extending back 81 feet. for S574 75
W. A. Heron & Sons sold downtown
residence on Locust street, near Miltenber-
ger modern brick house of nine rooms, lot
rs feet front, to u prominent business man
for 81, 100
The BurrelI Improvement Company report
the following sale of lots at kensington:
Thomas Horne. Natrona, Pa lots 80 and 80,
block g. for $977 80; Philip Murphy, Pitts
burg, Pa, lot 81, block 2, tor S552 25; Joseph
L. Salyard, Butler, Pa, lot S. half g. block 8,
for 5000 80.