Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-14
POINTS IN REALTY.
East Liberty to Have a Four Story
Apartment House as a Starter.
BUSINESS MEN SEE MONEY IN LAND
Speculation Still in the Background and
Values Merely Nominal.
OFFICE AND STREET NEWS AND GOSSIP

The success which has attended the erec-
tion of apartment houses in this city has
brought them into great popularity. About
80 have been finished and occupied within
the last two years. They pay about per
cent.
The initial step was taken yesterday
toward the erection of the first house OF
this kind in East Liberty. Mr.. George
Hoton, of Cleveland, purchased a lot on
Emerson street, and will at once begin the
erection of a four-storv fiat. 1t will contain
all the modern appliances for comfort and
convenience. Should this venture turn out
as we'll as expected, Mr.. Hoton will build
several houses of the same kind.
With such starter, East Liberty should
catch on to the idea very quickly. There
| are many admirable sites in that quarter of
the city for buildings of this kind. They
| have several strong points in their favor,
| one of which is economy of ground, and
| therefore cheaper rent.
Investing in Realty.
Business men are turning their attention
more and more to real estate as an invest
| ment. Markell Bros, the East Liberty drug
! gists, yesterday purchased from James See-
| wright lot with an eight-roomed Queen
| eta street, for So 200. This was an invest
ment pure and simple.
A prominent business man on Wood street,
| who desires his name withheld for the pre-
sent; is negotiating for about an acre near
| Fifth and Morewood avenues, with view to
| building two fine residences, also as an in
| vestment.
A Time to Think.
The following, from good source, is ex-
| cellent advice to SPECTATORS: The present
halt in buoyancy is quite healthy and calcu-
lated to do good for the stock-buying public.
1t is giving them an opportunity to think,
and to form more deliberate opinions in re-
gard to stock values as based on present
and prospective income of the different
railroads. There are probably some stocks
that advanced in the late movement as high
as they ought to go in the next year, judged
by their actual merits, and there are others
that may have only begun their upward
movement if their roads earn as much as
their sanguine friends predict for them.
The subject is one that will bear some in
vestigation, and deliberate operations are
much better than those entered into under
the spur of market excitement.
Business News and Gossip.
Denniston, Elderkin & Co. report plenty
of per cent money for good mortgages.
Buildings under way are being hurried
along as fast as possible. The East End is
full of this kind of business.
Mr. j. II. Coleman, of the East End, re-
ports an active inquiry for residence prop
erty in that quarter.
Municipal and other local bonds are in de-
mand, showing that there is money for in
vestment in sound securities.
Kuhn Bros. still pin their faith to Luster,
whether it goes up or down. They were
buyers yesterday.
The property of the Cameron Iron and
|
in the United States Court room at ? P. NJ.
to-day by W. L. Chalfant, special master.
The Wheeling Natural Gas Company has
declared quarterly dividend of u per
cent, payable October 90.
The capital stock of the Pullman Car
Company will be increased 20 per cent at the
next annual meeting. Stockholders will be
given the right to subscribe at par.
4 stockholder of Cotton Oil, in seeking
official information about its affairs, re-
ceived the general statement officially that
the company is earning over its interest
charges and something on the preferred
stock.
New railway construction in this country
for the nine months ending September so
amounted to 1882 miles on lS6 roads.
Merchants report good business and col
lections improving.
There are good many vacant houses
scattered through the city in consequence
of families doubling up for the winter to
save expenses.
The new plant of the Williamsburg Electric
company III operation.
Movements in Realty.
A. j. Pentecost sold lot, 30xll0 feet on
Ohio street, Allegheny, with two-story brick
building, known as No. 22l Leasehold prop
erty, for s5,I75.
E T. Schaffner sold a new frame house of
three rooms on Proctor alley, near Allen
avenue, Thirty-first ward, to Joseph Leffier,
for sl5O0; also sold q five-roomed frame
house on Maple avenue near Climax street,
for Attorney William Monro, for 81, 200
Black & Baird sold to Francis W. Jones for
j. II Wilcox lot No il in the wilcox plan,
at HaZelwood, fronting "a feet on the south
side of Smith street by 100 in depth, for $3.50.
Baltensperger & Williams sold for A. L,
Watkins to B. J. Williams and George II.
Hershey lots Is, IA and 20 III his Stanton
avenue plan, East End, for 81 500. The pur-
chasers will improve at once.
Hoffman & Baldridge, Williamsburg, sold
lot No. 25 in Palmer place, Swissvale, within
two minutes of the station, 40xl20 to an
alley, for $500.
A. i. Byers & Co. sold for the Laurel Land
Company to William j Parker lot No. 10 in
their plan at Laurel station, Pittsburg, Ft
Wayne and Chicago Railway, fronting 40
feet on Maple avenue and extending back
l20 feet to an alley, for $3.50.
John X. Ewing Co. sold quarter inter
est in three acres of ground fronting on
Washington avenue, East Bellevue, Pitts
ss,55G s%5S; Fort wayne ana chicago Railroad for
W. A. Heron & Sons sold modern brick
house of seven rooms on Bedford, near Rob-
erts street, for s., ,0CO.
S. \. Dickie & Co. sold for John W. Moore
to Thomas J. Mcconnell, an improved prop
erty on Edwin street, Twentieth ward, lot
29Xls0 feet, with nine-room frame house, Tor
$3.50
Baxter, Thompson & Co. sold lot No. 5,
Ruch place plan, Thirteenth ward, fronting
p feet on Kirkpatrick street by 100 feet to 20
foot alley, for $50.
The Building Record.
Four permits were issued yesterday for
the same number of improvements, all cost
ing, as estimated, S6750.
Mrs. Ann Keeley, brick two-story dwelling on
Liberty street. Sixteenth ward Cost 81 253. Will
lam Galliford, frame addition to dwelling on Ar
lington street, Thirty-frst ward. Cost, $40.
Charles H. Holes, frame two-story dwelling on
Flora street. Thirteenth ward. Cost 81. I50 Philip
Fleckenstein, brick two-story dwelling on Mary
street. Twenty-ffth ward. Cost 81, 309.
HARD CASH.
Conditions Still Favorable for Continued