Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-09
DICKERS IN REALTY.
A Good Sale at HOmewood and a Still
Better One on the String.
VALUES ON SMITHFIELD STREET.
Transactions on Frankstown Avenue and
Down the Panhandle Road.
FEATURES OF MONEY AND SPECULATION

Il
A well-known business man yesterday
purchased 314 feet of ground on Lang ave-
nue., Homewood, facing the Westinghouse
properly on the east. with a frame dwelling
of little value, from the Jones estate, for
ST., SOC.
1t was reported yesterday that the DePuy
property, at Homewood, fronting about 400
feet on the railroad, was on the eve of
changing hands. The Pennsylvania Rail-
road was mentioned as the buyer, and the
fact that it is planning for freight station
at that place lends probability to the story.
smithfield Street Values.
Smithfeld street property has appreciated
more rapidly in the last few years than that
on any other thoroughfare in the city except
Diamond street The new postoffice and
other important buildings have drawn the
attention of investors to this quarter, and
caused an active demand for property. Five
years ago a good stand below Diamond
| street changed hands at the rate of 81 700 a
| foot front, and was considered well sold at
that The Mellon property, sold last week
to Haskell Solomon, brought $500 foot.
This is legitimate enhancement It is not
| due to sudden furry or evanescent enthusi-
asm, but is backed BY the cool, deliberate
judgment of level-headed investors, who
realize that the district south of Fifth ave-
nue., and between Wood and Grant streets,
is destined to become one of the most inn
portant in the city.
A Progressive Capitalist
Mr.. j. C. Dick is doing his part toward
supplying the people with homes He has
s,,ct o1a@o H. Lad of asvhf
of which are in the Twenty-frst ward and
the rest in the Nineteenth. He expects to
build quite number next spring. He has
just purchased a piece of ground on Franks
town avenue upon which he contemplates
putting up business block, to supply de-
mand for additional business stands in that
locality
Another deal which Mr.. Dick has just
closed is the purchase of eight acres near
Sheridan, on the Panhandle Railroad, close
to the line of the proposed electric road.
He is talking of organizing company to
drill for oil on this property.
The Nimick Deal Closed.
The final step IN the transfer of the
Nimick property at Williamsburg, to a land
syndicate, was taken yesterday. 1t consists
of 30 acres, and the consideration was close
to S70,0 900. Surveys will be made at once,
so that the property can be put on the mar
ket soon after New Years. The purchasers
came within an ace of buying tract of 40
acres in the Eighteenth ward, but terms
could not be arranged to suit.
There is no doubt about the sale of the
Harrison property, in East Liberty, but
who the purchasers are is something of
mystery. Kuhn Bros. have entered
denial. The latest report is that the new
owners are a prominent banker and gentle
man identified with local gas company.
The report that a hotel will be built on the
lot was not denied.
Business News and Gossip
There is something wrong with the state
ment that Summerlea street needs sewering.
1t has been severed for at least two years.
AS there has been no meeting of stock
holders of the North America Construction
Company for about two years, it has been
suggested that it is about time to call |
one.
The Town Council of Scottdale has been
petitioned to purchase lot on Broadway |
and open the avenue across the Southwest !
Railroad by an overhead bridge to connect |
with the 50-foot street leading to the Kifer- |
town bridge.
Five permits for new buildings were is
sued yesterday, aggregating $3.50 The
most important were these: To w. W. |
Morris, for brick three-story and dwelling,
on Butler street, Eighteenth ward, to cost
s., 200, and to John Kissick, for brick
two-story dwelling, on Emerson street,
Twentieth ward, to cost 50. 600.
C. w. Robb has sold to Robert McEl- |
downey a business property on Wylie
street, Eighth ward for $4,000
Members of the Exchange held meeting
after the midday call yesterday and ap- |
pointed r. ]. Stoney, Jr., w. W. Chaplin |
and E. Fink a committee to prepare suit |
able resolutions on the death of H. w. |
Hagan.
All eastbound roads at Chicago have mott
fed connections they can receive no more |
grain.
The Sugar people declared dividend yes
terdav, and it is the same as last July, 81
on the preferred and per cent on the COM
mon
Movements in Realty.
Peter Shields sold a lot in William Flinn's !
Greenfield avenue plan, Twenty third ward, |
with a frontage of 80 feet on Hoosac street, |!
to Crozier Spence for $3.50.
Black Baird sold Tor Logan A. Marshall |
lots Nos. %, "a and 25, in the Earnest & Her
mann plan; la at Ingram, 1 s:r M, Pa, II for r 500
H. Wallace, a lot on Emerson street, 37xl2O
feet to an alley, for $3.50.
w. A. Heron & Sons sold lot 2Sx90 feet on
the corner Of College avenue and Alder
street, Twentieth ward near Ellsworth and
Highland avenues for 81, 400. The purchaser
a prominent city official, will build on same
at once.
The Burrell Improvement Comnany re-
port the following sales of lots at Kensing-
ton. the new manufacturing city on the Allie
gheny Valley Railroad: Louis and Anthoni
block g. for $3.50 63: Mrs Mary Clarke, HUI,
ton, lot Is, block IL, for S6lS 70: George Al.
corn. Banksviie, lot "A, block A. $3.50: Will
lam H. Cupps Tarentum, lot 49, block IA. for
Naf |