Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-26
A SITE FOR A CHURCH.
Bishop Phelan Picks Up Two Nice
Lots in the Sixteenth Ward. E
BUSINESS STANDS AT A PREMIUM.
A Large Crowd Attracted by the Sale at
the Auction Board Rooms.
FEATURES OF LOCAL SPECULATION

FEATURES OF LOCAL SPECULATION
Thomas McCaffrey has bought for Bishop
Phelan as trustee two lots in the Sixteenth
ward, with improvements of no great value,
| having a frontage on Pearl street of 100 feet,
and running back 25feet, for $13,5O0. 1t is
! understood that the outcome of this deal will
| be q handsome church, for which there Is
said to be a pressing necessity in that quar-
ter of the city.
Real Estate at Auction.
Promoters of the scheme to establish q
Real Estate Auction Board in this city were
greatly encouraged yesterday afternoon.
The announcement that Samuel W. Black &
Co. would offer choice selection of prop
critics at the board rooms attracted more
people than could be accommodated inside
and the overflow occupied the hall and the
yard. In the throng were noticed a number
of prominent business men, showing the
deep interest taken by this class of citizens
in lands and houses. About a dozen prop
critics were offered. Bidding was lively at
times but as the offers were below the views
of holders no sales were eHected. having
broken the ice and demonstrated that the
people want property, and would as soon
buy it at auction as at private sale, the sue
cess in time of the Real Estate Auction
Board seems foregone conclusion.
Business Stands Needed.
While the people cannot pay too much at
tention to suburban homes, which are the
pride and glory of Pittsburg, they should
not overlook the fact that Improvement in
the business center is even more important.
Business is paramount in this community,
and its expansion should be encouraged in
every possible way. ALI that is necessary to
accomplish this end is the erection of large
number of stores and warehouses; the sup
ply of which, as everybody knows, is far be-
low actual requirements. The city has
everything else to attract capital and labor.
A number of enterprising business men
would locate here at once if they could get
suitable stands Homes are necessary, but
business is the first consideration. It sus-
tains the home. So, while the suburbs are
being built up and beautified, equal consid-
Grafton should be given to the business
quarters of the city, and provision made by
putting up new buildings and remodeling
old ones to accommodate all who desire to
establish themselves in this hive of industry
and participate in its prosperity.
A Word for Wood Paving.
The theory that wood paving for streets is
unhealthful and that the decaying wood
produces disease has obtained in this coun-
try up to the statistical revelations of the
last census. Mr.. A. C. Danner, of Mobile,
praCU1cal lumDeTulan Oh large oAperloHCo,
who has been studying the last census re-
ports, calls attention to the fact that the
vital statistics of cities of the United States,
compiled from returns made by health Off
GERS of the respective municipalities, show
that the lowest death rate per thousand of
any city reported in the United States is
that of Duluth, Mimi, the rate there being
only 9H deaths per 900 for the year 1890.
Duluth is paved entirely with wooden
blocks. The cities of Boston, New York and
Chicago, all paved largely with wood, show
a comparatively low death rate.
Pennsylvania Railroad Business.
The statement of the business of all lines
of the Pennsylvania Railroad Company is as
follows: All lines east of Pittsburg and Erie
month in 1890 show decrease in gross earn
$153 PIG; decrease in net earnings of $l64, ,565.
All lines west of Pittsburg and Erie for May,
1891, as compared with the same month in
1880, show decrease In gross earnings OF
S3l1, ,s4; decrease in expenses of $320, ,2l6; an
increase in net earnings of S, 342.
Business News and Gossip.
The Building Inspectors clerk had pud-
ding yesterday. No permits were issued
The annual meeting of the corporators of
Allegheny Cemetery will be held June q.
On July the annual meeting of stockhold-
ers of the Birmingham and Pittsburg Bridge
Company will be held.
Real estate brokers report a good inquiry
for suburban building lots. A large number
of dwellings will be commenced as soon as
the strike is settled.
member of the firm of Baltensperger &
Williams said yesterday: Twenty new
buildings are going up within sight of my
house on Mt Washington. Building on the
Mount is considerably ahead of last year"
In response to petition signed by 3G0
.lnn,sc Ntrap 6nra
Produce Exchange has ordered a ballot to
be held June % to decide whether the Ex-
change shall be closed on the Friday before |
Independence Day. If adopted the same |
course will be pursued by the Pittsburg Ex-
change.
Secretary Foster will to-day make public |
his decision regarding the silver coinage |
question.
The Louisville and Nashville dividend, |
whatever it will be, will be declared early in |
July.
Kensington is showing material progress. |
Eight dwellings are in course of construc- |
tion and material has been delivered for 20 |
or 30 more.
On July. the coinage into standard dol |
lars of the trade dollar bullion now in the !
will be commenced. The bullion |
held will coin about Sc, 600 COO standard dol |
lars. on which silver certificates will be is
sued.
Excavating for the Edgewood schoolhouse |
has been finished and work on the founda-
ton is under way. 1t is expected the build
ing Will COLupleleU III Il1ne LOT Gnc 1all term.
The Union Pacific instead ofselling its new /
trust bonds, is using them for col
lateral in loans for such money as the COM
pany requires.
The entire production of the precious,
stones and ornamental
minerals in the United States during the
year 1889 was $lSs,s7
The Bank, of Mckeesport stockholders
have decided to change from a private to q
national bank. They have applied for q
charter to operate as the Second National
Bank of McKeeSport.
1t was reiterated yesterday that Sellers
Mckee had sold his Birmingham Traction
stock. Mr.. Mckee has not been heard from
1n the subject since his denial u few days
lgo.
Movements in Realty.
W. C. Beringer & Co. sold for Mrs. Char
otte S. Miller to Hugh T. Beatty a small
arm of % acres, near Perrysville for So, 400.
Black & Baird sold at auction 20 lots in the
Adam Roll plan, Braddock avenue and
reales street. Twenty-second ward, aggre-
,ating SIG 800. Another sale will take place
lext Wednesday, July l.
Reed b. Coyle & Co. sold block of six lots,
Ox150'each, in Grafton place plan Grafton,
or So, coo. The purchaser will build. They
Llso sold for the Jacobus estate a lot on
Irandview street, lakewood Pittsburg, Chi
ago and St. Louis Railway, being sOxl35 feet
more or less, for $500.
Black & Baird sold to August Gieseman lots
Sos 81 and IS in the Alta Land Company
,lan, on Duquesne Heights, for S27O cash:
hey also sold to Edwin Bardsey lots Nos. 23
A, 25 and rs in the d. H. Barr plan Home
wood, for 81, COO.