Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-29


estate. 1t cannot take wings and fly away,
like most other possessions. 1t would be
difficult matter to find a man who has in
vested in land in the city or suburbs at any
time since the brass band and tree lunch
collapsed in the seventies and lost money
thereby. As broker put it yesterday:
''The city cannot grow without houses, and
they cannot be suspended in the air. They
must have ground to stand on. This will
keep real estate in the forefront and prevent
reaction. 1t is as strong to-day as 1t was any
time last year. and there is about as much in
Quiry.'
Money and Mortgages.
W. A. Heron & Sons report that money Is
fairly easy for mortgages. but is a little hard to
place because lenders want per cent, while
borrowers draw the line at $50 or 81. 1t
should be stated, however. that the price of
money is regulated by the kind of mortgage
and moral risk in taking the loan. BY moral
risk is meant the financial standing Of the bor-
rover. his ability to pay according to contract
and the peculiar circumstances surrounding
the case. There is very little Eastern money
seeking investment in mortgages in this mar
ket at the present time.
-
Prices Not Too High.
]. B. Larkin, of j. b. Larkin & Co., who
knows as much about Pittsburg and its indus
tries as any other man, in speaking of the real
estate market yesterday, said: "Those VINO
think prices are too high fail to take into con-
! sideration the progress of the city in business
and population. Land is cheaper in PittsDurg
than IN any other important city in the coun-
try. Considering the vast business transacted
here and the steady stream OF outsiders pour
ing in and seeking homes as renters or pro-
prietors. think values are very reasonable.
There is very little speculation in the market.
Almost every house in the city is as good as
rented. and there are not enough to 60 round.
The only trouble TO be feared is that the de-
mand will be greater than the supply for some
years to come"
The Turtle Creek Railroad.
Rural Citizen asks THE DISPATCH for
| information concerning the route of the Turtle
Creek Valley Railroad. 1t begins at Stewart
Station, IL miles from Pittsburg on the Penn
sylvania Railroad, proceeds up Turtle creek to
Murraysville, thence along Turtle Creek Val
ley to belmont and thence to Salisbury, where
it intersects with the West Penn road 1t has
far as Murraysville. The road passes through
the richest part of Westmoreland county, both
in agricultural and mineral resources. and will
bring into market large area of the best gas
coal in the State, besides affordiug farmers
much-needed outlet fer their products.
One Gas Company's Improved Prospects.
The report of the Manufacturers Gas Com
| pany at its annual meeting yesterday was quite
gratifying. While most natural gas stocks
have been declining, the Manufacturers
advanced ABOUT oV per cent since last
so", ;1 M nrn So pi..,S LII. sisa,a
e ~ w supply tsoOt A-' 'se
/ of them formerly did. The company has also
| been lucky in oil, and besides its wells in the
| Hickory field it has got new and prolific field,
| in which the only operator besides itself is the
| JODeS d. l.aurlllQ firm. The stockholders ATE
| .neir sanowlcnes anu slEokeo thelr cigars yes
| Lnd Sosn ~ arnari.nned 30 AZ anv nreytonS n,aat;Mn
| since the ORGANIZATION of the CON pany
| -.
| Plate Glass and Flag Stone TRIMMINGS
| ~ .b. r,,.,o,., rt,,or or rrho ,Nsr.,oh
-. =
oHe VI ,ne peS. i.'ms ln you, papeI 'ne otnei
- 1~s - - -. " - -. -, -
| . S.iIa- =. Ftt.s -, to,a ,n 60.
are'aier On rl.n avenue oe'"eeh Tue C"ui.
House and the Market house, nave noticed
| the shabby brick sidewalks, and have no hcsi-
VII, wore substituted all the wov ont from, IN
! 81 o. nor con, won,d he .dded tn tho bnsiness
upon that street. The brick is not only dirty
and insecure nu. IL gives poor appearance TO
the wnoie helshnorneod. Inere Is one tnlng
more whicn would pay every properly owner
| namely, 10 put In plate grass WINDOWS. Ihese
are small things They do not cost much, but
they help the tenants wonderfully by making
| tneT stoIes iooh neat anu pIisub III place Oh
looking sioVehly.
| FIFTH AVENUE RETAILER.
|
| Business News and Gossip.
|
BLACK q balrd report an actiEe inquiry Tor
! lots in the dOm6wOOu district.
j The hill district of the Southside is rising in
| the estlnatlon oi home-seehers Oh moderate
means 1here Is very ii'Ie aeau properly over
! there
IL was stateo yesterday that tne columbus
Cluo hao se,ec'eu sue upon whlcn TO ouiid
permanent nome, ou' none Oh the members
seen woula taih, saying the aeal had not been
completed
Ground VIII oe broken IN snort time for 20
two-story prlck evenings on trenton and
wooster s'reets' bevenIh "ard.
w. A. herron q sons are nara at work on
| plans foI the Improvement OF the Schenley
| property, of which Colonel Heron is agent .-z
There is good demand for acreage T. C.
| Beeckman, Of j. Z. Glass & Co., said Yesterday:
| I'VE have customers for Two large tracts for
| subdivision"
| Eleven of "A mortgages file yesterday
were for purchase money The LARGEST was
Sll0O0
The condition OF the l9 associated banks of
| Pittshurr at the close of bu uSiness December
81, 1890 as compared with 1889. shows the fol
lowing changes: Increase in capital and undi-
| yided nrofits Sis. .O70 50: decrease in deposits
81 959. 7S2 81: decrease in circulation, So $40:
increase in notes and bills discounted. $685.
ASS 81, total decrease of sl75O.S46 81