Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-01
DOWN TOWN VALUES.
A Buckeye Correspondent Takes
Interest in Pittsburg Realty.
THE BEST FIELD FOR ENTERPRISE.
A Very Quiet Day on Change and q Lower
Level of Prices Established.
OFFICE AND STREET NEWS AND GOSSIP

Canton, O., correspondent asks: "What
is the highest price ever paid for business
property in Pittsburg? I may invest" The
best recorded sale was that of the Trades
mems Bank property, corner OF WOOD anu
Fourth, about two years ago. 1t Drought
| $4, 200 foot front. 1t could not be bought at
| anything near that price to day. There have
been sales on Fifth avenue at about $500.
Smithf1eld street property is stiff at 81, 900 to
$500. Fourth avenue frontage, between
Smithfield and Market streets, is valued at
$1,000 to 800 The appreciation Of business
property in Pittsburg, owing to an active de-
mand, is SO constant that the prices OF to-day
afford no criterion of those of tomorrow,
and the purchaser, as a general thing, must
come up to the views OF the owner or DO
| without There is practically no shaving OF
| values on down town business property.
Best Field for Enterprise.
Each succeeding year strengthens the
claim that Pittsburg possesses unequaled
advantages as a manufacturing and COM
mercial center. Her position in respect to
! iron and glass, coal and coke is so well estab-
lished as to be unassailable In the last few
years she has become one of the principal
distributing points for drygoods and lumber,
the total sales of which last year aggregated
about $30,OO00OO. Other industries are
| springing up which in a short time will as
| sumo great importance. All kinds of manu-
featuring and mercantile pursuits can De
| carried on here on more economical basis
| than at any other place in the country-a
| fact so well recognized that real estate
| brokers are overrun with applications from
outsiders for sites and stands. The latter
are scarce, but sites are abundant and com.
| paratively cheap, ranging from $500 to 81 600
an acre, with railroad or river frontage, gas.
coal, etc. Many of these are in the city
proper. but if the outskirts be preferred,
they exist in profusion in and near the score
of new towns that environ the city on every
side, and offer an unlimited field for capital
and enterprise.
Business News and Gossip.
There are no antioipations of trouble in
making quarterly and semi-yearly settle
ments.
The usual dividends will be- declared by
Pittsburg corporations next month. 1t is
thought none will be passed.
The New York Produce Exchange will be
closed from Thursday afternoon until Mon
day morning, and it is likely the Stock E1-
change will adopt the same course. If SO,
the Pittsburg Exchange will also close.
There seems to be a disposition among busf-
ness men to celebrate the Fourth in a be-
coming manner.
The Boston HeralG says: "The Westing-
house reorganization plan is in q fair way to
be successfully consummated. Mr.. Westing-
house is determined to push his company
toward dividend conclusions"
The Northern Pacific Railroad Company
has called S229, 900 first mortgage Is, payable
at ITO in New York July 2. The range drawn
is from No. 352 to s., 800 inclusive.
There is said to be serious trouble among
the coal roads. They object to Readings
contract with Coke Brothers.
prominent Pittsburg contractor has
bought eight lots in Kensington, which he
will improve.
improvements are still being made to the
East Liberty Stockyards, showing that their
removal has been relegated to the indefinite
future.
The surplus of the Mexican Central after
the purchase of its priority 5s was 81 SOC. 600.
A shortage of cars Is expected about the
time the crops begin to move.
A great many lot owners are awaiting a
settlement of the strike to begin building.
1t is thought there will be plenty of time to
begin and finish ordinary houses before cold
weather.
One of the divers is reported to have said
a day or two ago that they had large num-
good reason WHY their mills should not run
every day during the rest of the year.
Building on Liberty street, at the scene of
the recent fire, will begin as soon as work
men can be obtained.
The owner of a business house on Fourth
avenue refused to sell short time ago on
the ground that he didn't want to go through
the worry OF reinvesting the money.
The Building Record.
Permits for the erection of tie following
buildings were issued yesterday:
James Murdock, frame two story stable,
20x30 feet, near wilkins avenue, Twenty
second ward. Cost, $3.50.
Nicholas Brandenstein, two frame one
story stores, 22x16 feet each on Lincoln
avenue, Twenty-frst ward. Cost, $3.50.
Michael Foley, frame two story and base
ment dwelling, l6x16 feet, near Stanton
street, Eighteenth ward. Cost s., $50.
Movements in Realty.
S. A. Dickie & Co. sold for Charles schwan
to ]. P. Kaufman a piece of ground on the
corner of Negley avenue and Margaretta
street, l11xl7O feet, for 81, 200.
Straub & Morris sold II lots in the Millvale
Terrace plan at prices ranging from $3.50 to
$500.
A. z. Byers & Co. sold for william A. Black
to Mrs. Annie S. Gordon, lot in the William
A. Black plan having a frontage of 20 feet
on Virginia avenue, and running through
distance of 23O feet to Sheridan avenue,
Tenth ward, Allegheny City, for $3.50, on
monthly payments.
Black & Baird sold for FL. S. Bossert, to
James w. Jones, lot No. "a in the Oliver plan
at Braddock, Pa, having frontage of 20 feet
on Hallett street by depth of 100 feet, and
having two-story frame house erected
thereon, for 81 800.
The following lots have been sold by the
Aspinwall Land Company from their plan at
Aspinwall: No. 362 70 Catherine Beck, size
25xlO0 for $500: No. 1853 to Matthew Dillon, 25x
100, for $500; No. S64 to John Adams 25x1OO,
for $500; No. II to Bergman Bros, l0OX140 for
sl,7OO; No. to H. A. 6 c. N. Patterson, look
13O, for s., 500.
NJ. F. Nipple & Co. sold to Anthony Cav
bourski a lot 20xl5S feet, on the west side of
Downing street, being No. 10 in the Dickson
plan, Thirteenth ward, for $3.50 cash.
Charles Somers & Co. sold for Messrs,
Luton & Richter to j. C. Myers, lot No. q,
in size 5oxloo, in the Luton Richter plan,