Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-09
HOUSES PICKED UP.
Four Non-Residents Purchase Prop.
erty in the East End.
THEY THINK WELL OF PITTSBURG.
How Sturdy Blacksmith Became a Large
Owner Of Improved Realty. E.
A CASE SHOWING DELAY is DANGEROUS

A CASE SHOWING DELAY is DANGEROUS
Four contiguous residence properties, situ-
ated on Home street, between Shady and
South Highland avenues, and owned by Mr..
G. W. johnson, changed ownerships yes
terday at price close to $4,000. The
buildings are in the Queen Anne style, of
ten rooms each, and the lots 30x100. The
purchasers are non-residents. Concluding
to locate permanently in this progressive
city, they secured adjoining properties so
as to maintain the intimate social relations
which have subsisted between the families
for years. Having capital ana business ex'
/! perience, they are quite an acquisition to
the city.
A Question Answered.
A correspondent asks: "Is this q good
| time to buy real estate?" 1t is. There is no
| likelihood that values will ever be lower
| than at present; but, on the other hand, it
is as certain as anything can be that they
will stiffen as the city increases in popu.a-
| tion and wealth. The demand for building
sites is assuming such large proportions
| that the supply in accessible localities is be-
ing absorbed very fast, although not to the
| extent OF producing scarcity, but 1t Will
ultimately have this result. The steady abb
| sorption of everything favorably situated
with respect to its approaches and environ
| ments 1s susceptible of no other interpreta-
tion than that higher prices are in store for
those who may inconsiderately put off buy-
ing until next year or the year after. Home
| seekers should take these hints into careful
consideration. They certainly can gain
| nothing by delay.
How One Man Succeeded.
John Mooney, until recently employed by
| Lloyd's Son & Co. in their rolling mill as a
| blacksmith. is one of the largest owners, of
improved property in Pittsburg. He owns
| about 60 houses in various localities. Twelve.
years ago he commenced investing in a
very small way through building and loan
associations. He is now the largest holder
| of this kind of stock in the city. Mr..
MONEYS success in building up handsome
fortune from small beginning should be an
encouragement to many others in similar
circumstances There is nothing truer than
that where there is a will there is q way.
Caution Carried Too Far
Caution is good thing, but sometimes 1t
costs money. Not very long ago two or
three gentlemen made overtures for the
purchase of one of the most valuable bust
ness properties in the city. As matter of
course the owners asked big sum. The
would-be buyers thought it excessive, and
although they wanted the property very
badly. they did not press the deal. An out
slider getting wind of the hitch promptly
accepted the terms and secured the prize.
In the meantime the other parties, feeling
certain that it would fall to them at q lower
figure. had made arraneements which made
the property necessity to them. Great
was their astonishment, therefore, when
they discovere that it had been secured by
another. They at once went to the pur-
chaser and offered him large sum-sOme
say S40,0O0-for his bargain, but so far with
out acceptance. Cases of this kind, but in
volving smaller amounts, are of frequent
occurrence, and forcibly illustrate the wis
dom of the advice: "Strike while the iron is
hoG."
Good Words>for the fractions.
Speaking of the streer railways yesterday
u leading business man said: "They ars
doing great things for Pittsburg. 1 live five
miles from my office which 1 could not Go
were there no rapid transit. Thou
sands of people are similarly situated. Five
years ago the locality in which live was en-
tirely undeveloped. Now it is thickly built
up. This is the result in all the outlying
opened up thousands OF acres to home
seekers which otherwise would be as inac-
cessible to them as the SUBMITS of the Allie
ghenies. These companies should be encour-
aged for the good they are doing. There is
said to be considerable friction among some |
of them, but with fuller development this |
and perfectly smooth sailing ought not to be |
expected. They have promising future"
Business News and Gossip.
Good headway is being made on the vos- |
kamp apartment house on Washington |
street. 1t will be finished in about two |
months.
The German National Bank building will |
be ready for occupancy by October /. Good |
judges say it is one of the finest structures
in the United States.
East Liberty United Presbyterians are
oh tn bor oil
mittee to hunt up site for a chapel near
Dallas station.
One thousand shares of Toledo, DeIpbos
and Burlington Railroad stock were sold in
Boston on Saturday ut 10 cents per share.
Fred Rinehart sold bundle of First Ma
tionRl Bank of Pittsburg stock at l75
People who circulate false reports respect- |
ing business should be muzzled. A canard
afloat yesterday affecting prominent citi-
zen met with no credeace whatever.
The regular meeting of the Real Estate
Auction Board will be held at $3.50 this after
noon.
All the railroad reports yesterday showed
increased earnings over the same period last
year
$50, 900 deal in the Highland Park district
was closed yesterday but particulars were
There is talk of the Eagle Cotton Mill in
Allegheny changing ownership.
Movements in Realty.
c. h. Love sold the property No. l9 Third |
avenue consisting of q two-story brick
house and lot 19sx72, for Eva Hitchman to |
M McElhaney, for So, 500.
Battensperger & Williams sold for James
NJ Carter to Mrs. Mary Boyer property ON
Sweetbriar street. DuQuesne HEIGHTS LOT
72x125, with three-roomed frame house, for
s., 800.
Black & Baird sold to Robert English lots
Nos. ~ and % in T. A. Gillespe's plan of
Heron Hill Park, Thirteenth ward having
a frC ntage on Webster avenue of 50 feet for
81 900!
Samuel W. Black & Co. sold to John E.
Williams, the contractor, Is lots in Hazel
wood for 81, 800 cash. He will build houses
on the same to suit purchasers and sell them
on the easy PAYNE It plan.
s. A. Dickie Co. sold for Michael Page to
John w. Moore lot No. q, Bank of Com
merce addition, extended plan, 5Oxl5O feet.
Price, confidential
w. A. Heron Sons sold brick house No.
203 Plymouth street. six rooms and modern |
fixtures for S, 500, on the easy payment Man
$40 each month until paid. They also sold
another lot in the Wilkins third plan. Edge
wood, P. r. R., 50x120 feet, ON cor
ner OF Hutchinson and East End avenue, for
$500. ava
THE following is q list of lots sold at Ken !
pany: To Mrs. Mary Yeager of Pittsburg.
lots III and us, block 5, for $4S7 so cash;
Charles F. Minzenberg, Pittsburg, lot M |
block 8, for 1926 cash; Anthony Miller |
PittsbuTg, lot 20, block Z, for $6SO cash; j. II
and L. j. Swendall, Pittsburg, lot 1876. block
q for $255; Charles Minzenberg, Pittsburg. r
lot l16, block 6, for $685..
The Building Record.
Nine permits were issued yesterday for Ia
the cost of all, according to esti-
mates, being $50.