Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-05
ON SPEAKING TERMS.
Sellers and Buyers of Realty Not
Hopelessly Apart on Prices.
SOME CLOSE FIGURES NAMED.
A Downtown Deal That MAY Be Part of
One of the Latest Hotel Schemes.
A PENN AVENUE RESIDENCE PICKED UP

1t was reported yesterday that Black &
Baird had sold piece of downtown bust
ness property for $4,000. Mr.. Black, of
the firm, was asked for particulars, but said
he had been requested not to talk at pres
ent. But he admitted the sale had been
made, and said the property was located
near Seventh avenue. This transaction
may be a starter for the big hotel which it
is proposed to erect in that locality.
T. A. Gillespie has sold the property ad-
joining his residence on Penn avenue to a
prominent Fifth avenue merchant for S20,-
600. The lot is about 50x400, and the house
is good two-story and mansard frame.
1t has been set back on a line with other
houses on that part of the avenue and thor
oughly remodeled.
Some Close Figures.
The realty market, though comparatively
slow, as it usually is in the last weeks of the
year, is great deal more active than it ap-
pears upon the surface. There is good in
quiry for downtown business property, and
also for suburban residence sites, showing
that there is money for investment. A
number of deals are so close to the final
point that in most cases consummatlon is
only question OF little time.
On this subject Samuel w. Black said
yesterday: "We have an offer of 81, 900
for property held at $4,000. We have
another offer of So, 900 for a $25, 900 prop
erty, and also an offer of So, 500 for So, 900
property. We have other offers on higher
priced properties, which are very little be-
low the views of owners, but the above fig
ures are sufficient to emphasize the fact that
sellers and buyers are not hopelessly apart,
and that there is good prospect of reconcil-
ing existing differences
Then and Now.
The contrast between November, 1891,
and November, 1890, is so striking as to be
a subject of general remark in business cir
cles On this subject leading New York
authority says: in November, 1890, the
Barring collapse occurred, eight Wall street
firms and one prominent Philadelphia
house closed their doors, money was run up
to 1S6 per cent in one day, and prices for
stocks dropped from one to ten points in
two hours, while bonds sold at the lowest of
the year. Then, too, the crops were small.
On the other hand, November, 1891, was
almost exactly the reverse.
The foreign situation certainly is any,
thing but favorable, but London is not af-
fected to any considerable extent, and our
dealings are chiefly with that center. Eu-
ropean crops are a partial failure, while
ours are abnormally large, while our rail-
ways are unable to obtain sufficient cars to
handle the large business offering, and our
exports are steadily adding to our credit
balance
Homes for tie People.
De Roy Bros. took out apermit yesterday
for hve brick two-story and mansard dwell
1ngs, on Chestnut street, Sixth ward, to
cost $4,000. Another important permit
was issued to Biggs Bros, for two frame
two-story and mansard dwellings, on Web
ster street, Fifteenth ward, the cost of both
being estimated at $4,000. Two other per-
mits we're taken out for small improve
ments, aggregating $1,000.
Pittsburgers in the South.
A number of Pittsburgers, who have Sc
cured control of the new town of Sylacau-
ga, Ala, near Birmingham, held
meeting in the East End Thursday
night, Major Vogelson presiding, to
carry out the policy previously mapped
out for the development of the town. The
company has erected in Sylacauga fine
hotel, bank and several stores and dwell
ings. Other buildings are under contract
At a recent sale of lots So, 900 was realized.
Pittsburg capital has been attracted to this
locality by the large deposits of iron ore,
marble, granite, mica. etc., specimens of
which were shown at the meeting.
Business News and Gossip.
Boston people affect to see copper boom
n F. Sanford has sold to George S. Girls
com five tracts of land in Collier township
for $40, 600
Mr.. ]. Pierpont Morgan's errand in Lon
don is to place SO, 900, 900 Of Chicago
Worlds Fair guaranteed bonds.
With lumber end iron cheaper than they
are likely to be tor the next decade, it would
seem a most opportune time for railroad
companies to increase their rolling stock
At the last call Yesterday Duquesne Trac-
tion was offered at IN Birmingham was
wanted at 1Sss For Electric Scrip 80 was
bid
Bankers are expecting an early call from
the Comptroller of the Currency. They are
prepared for IL.
1t is stated that after January / night
cars will be run on the Williamsburg branch
of the Duquesne road, and perhaps Others
1t is said the Cammack- Wheeler Windsor
Hotel contingents have turned bullish on
Grangers and Coalers,
The attempt on the life of Russell Sage
was fruitful source of conversation on
Change yesterday afternoon.
Some points on realty, given above, from
an expert, afford a fair index to the market
Nothing was said about new hotels YES
terdav, but there was considerable talk
about an old one, which may come to some
thing later on.
Bad weather has stopped work on nearly
all of the unfinished buildings.
Movements in Realty.
S. A Dickie & Co. sold for John W. Pears
and others to Thomas P. Marshall, the prop
erty on the northwest corner of Penn and
Homewood avenues, l00S3S1 feet to Meade
street, and front on Meade street of lSOxl3O
feet. for $l5, 500.
Thomas McCaffrey sold for John r. Small
to John Bartkowski a lot 25x1s0 feet fronting
on Brereton avenue, near Thirty-third
street. for $3.50: for c. E. Andrews to John
PforeSch, lot 20xl00, on Hatfield street near
Forty-seventh street. for $1,000; for j. Letche
to Joseph Christman, the property No. 274
Penn avenue, with two brick houses. for
So 40 cash: for James Hughes and Mary f.
Fogor to John Siegler, a lot 40xlO0 feet with
an old building, located on Butler street.
near Thirtv-fifth street, for Sc, 500.
james w. DraDe 4 Co. closed the sale of
three lots, each 20X15O feet, in the East End
near Liberty avenue, for 81 200: also report
sales of seven lots in Munhall Terrace plan
at 81, $50: also a small farm in Plum township
near Parnassus, at 500 per acre; also report
sales of number of lots at Avonmore at
extensive bottle works, which will be con-
structed at once.
Peter Shields reports the sale of a lot in
William Flinns Greenfield ayenua nlo,