Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-28

.
gheny, fronting the park, consisting of a lo
=. 3Oxl20 and nine-roomed brick dwelling
changed ownership yesterday at price II
the neighborhood of $4,000, the purchaser
being William Witherow, of the Hotel Du
quesne, and the seller william n. Holmes
The sale was consummated through Messrs
Black & Baird. Mr.. Witherow will occupy
the place as a residence.
Mr.. Holmes recently purchased through
the same firm fine Queen Anne brick dwell
ing on Rippey street, near Negley avenue
East End, which he will occupy in a few
days.
Better for Workingmen.
1t is much easier now for workingman
to buy and pay for home than it was a few
years ago. Then owners seldom parted with
property unless they got the money in hand
| or SO secured as to be equivalent to spot
cash. This made it hard for purchasers of
limited means to meet payments as they fell
| due. Now all of the real estate agents are
| in position to make terms to suit buyers.
| In fact, under the new system it costs no
more, and in some cases less, tobe O proprie-
| tor than renter.
The change has been beneficial to all
classes of home seekers, but most of all to
working people, as it gives them every op-
| portunity in the world to own the houses
of great benefit to the city which, under its
| influence, has grown beyond all former
! precedent.
Basis of Pittsburg's Prosperity.
The financial crisis of last fall has almost
entirely disappeared, but it has left the
country in a temper to make wild specula-
ton impossible. Optimists of year ago are
| now extremely conservative. They are NOV
ing slowly and cautiously. This change Of
sentiment has greatly reduced the chances
for speculative operations in real estate
Pittsburg, always conservative, will not
| suffer from this revulsion of sentiment.
Buying ground for use is q legitimate busi-
ness, and is wholly independent of free lunch
and brass band booms. They proved disas-
trous in the early seventies, and are not likely
to meet with further encouragement.
Pittsburg's prosperity is fact-not an
idea or sentiment. 1t is of the year in and
year out sort that can be depended upon.
Her products are in demand the world over.
munity like this. True, stocks are dealt in
to some extent, but this is an incident rather
than issue. 1t is her solid worth and un-
eqpaled advantages for producing that are arr
parting such an impulse to her material de-
velopment as to give hera secure position in
the front rank of progressive cities: with
these facts In view, it is foolish to talk about
a reaction in real estate or of a material halt
in building operations.
Business News and Gossip.
Several buildings will soon be started on
the Braddock road, near Edgewood.
Luster people are expecting good news
from the mine in a short time.
Buffalo, Rochester and Pittsburg reports
an increase in the earnings for the second
week in May of sl2, $50, the total being $56,s92.
The Investigator says that S00A shares of
the Westinghouse Electric Company have
already been deposited under the plan of re-
organization. Another authority puts the
number at above 1000.
Birmingham Traction could have been sold
yesterday at 21H. Duquesne was offered
at 90
A seat in the Exchange was offered yester-
day at $425.
has purchased line between Defiance, O.,
and Lima, including excellent terminal
facilities.
It is learned that the price paid for the
manufacturing site on the Risher property,
at Hays station, Pittsburg, Virginia and
Charleston Railroad, by the Carter Iron and
Steel Company, was $4,000. This company
adjacent to the tract to be put on the mar
ket next Monday by the assignee of the
Risher estate, subdivided into lots and
small parcels of ground.
The visible supply of copper for the first
half of May fell off g. 1SS tons, leaving the Wis
ible supply May 16 s., l73 tons.
Allegheny Park property is always mar
sell should stick a pin here.
For the third week Of May Wheeling and
Lake Erie earned $26,05O or 81, 1863 more than
same week last year.
The net earnings of the Hidalgo Mining
Company last month were $500, and are
said to be'steadily increasing.
Julius F. Stark sold yesterday 100 shares of
Birmingham Traction stock at 2l13.
Only two building permits were taken out
yesterday-one by Elizabeth Schaffner for a |
frame two-story dwelling, 17x34 feet, on Erie |
street, Twenty-seventh ward, cost $500, and |
the other by John Monaghan for brick two |
story dwelling, 20x32 feet, on Fourty-fourth |
street, Seventeenth ward, to cost So 600.
Mr.. James W. Drape, who with his wife, |
sea breezes of Atlantic City for some time,
to the city yesterday much i'm
proved in health and ready for additional |
activity in business.
Movements in Realty.
Samuel w. Black & Co. sold the property
corner Second avenue and Vespucius street,
Twenty-third ward, lot 32xl2O,
with a two-story frame dwelling with store
room, for 5000
w. C. Berin;, Il Co. sold for William Weir
to A. B. Shorts .le frame dwelling 70 Beaver
avenue, Allegheny, for s3,o50.
A. j. Pentecost sold for the estate of Jane
deceased, q lot 16 feet 6 inches on
Ellsworth street, Second ward, Allegheny.
extending back 80 feet, on which stands a
frame dwelling, for s., ,9O0
NJ. F. Nipple & Co. sold for Isadore H.
Aaron lot, 44xl00 feet on the south side of
Terrace street, near Robinson Street, Four
teenth ward, for 81 500.
Baltensperger & Williams sold three more
ots in the Kreiling plan No. 2, Tenth ward.
being Nos. 2, 8 and 8, each 25xlO6
for $775. August Schmitz was the purchaser.
There are several houses already in course
Of erection in this plan.
Black & Baird report in addition to the
arge number of business lots sold in Ell
wood, that they have sold ten residence lots
IN Fourth street, east of the Hotel Oliver
,n which five handsome residences are to
De serected at once, on which work has
.lready been begun, which will cost over
z, ,0O0
w. A. Heron & Sons report the demand
or lots in the third plan of the Wilkins
estate, Williamsburg, very good. They yes
,erday closed the sale of another lot No lO6,
2x120 feet, on Hutchins street. for $780,
II. B. Smithson, auctioneer, sold Yesterday
or Black & Baird 40 lots in the plan laid out
" d. H. Barr, Twenty-first ward; amount
ng to s22,0O
Charles Somers & Co. sold for Charles
Klein to James Wilde frame house of four
'ooms, on lot 30 feet front by about 80 feet
leep, situated corner of Reed street and
breckenridge avenue, for s, 900.
ENOUGH TO GO ROUND.
Honey Sufficient to Keep the Wheels of
industry in, uT,f,,,, |