Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04


and build houses something after the plan
that has long been pursued in Philadelphia
and is being copied to some extent on STAN
ton avenue. The informant, real estate
broker on Fourth avenue. added: 81 am
not at liberty to give names. The parties
have not, so far as know, settled upon a
locality in which to operate, but are e1-
amining several East End sites. If they
succeed in securing suitable ground they
will begin building early in the spring."
The story, although not vouched for, is
highly probable, as rumors of the same pur-
port have been floating around for several
days
Starts OF All Right.
The year opens up favorably for business Of
all kinds. There is no rush, but everything
seems to be on sound footing and ready to
jump when the time comes. Real estate owners
and agents are satisfied with the situation and
outlook. Although transactions are scarcely
up to the level of the corresponding time last
year, there is more inquiry. 1t is too early to
say what the year will bring forth in this line of
activity. AL who are interested in it SO Tar as
known entertain rosy anticipations Of brisk
As to the probable trend of values, the most
experienced and careful brokers concur in the
opinion that while there will be no reaction,
the only material advance will be in choice
business and residence sites, on account Of
their comparative scarcity. Numerous sub
divisions soon to be put on the market will
keep up the supply of cheap lots, SO that any
ADVANCE that may occur will have little or NO
effect upon people Of moderate means.
The Building Record.
The year opens encouragingly for the builders
daf1an0a n nd
day Is permits were issued, representing 80
buildings-9 brick and q frame--the estimated
cost of all being $50, ,265 The Twentieth and
-Twenty-third wards ran An even race, each
having 2.
Improvements on the Carpet.
Many important improvements will be made
in the business quarter of the city this year,
and all that are under way will be completed.
Two large apartment houses will be erected on
Colwell street. Good buildings will be put up
in the place Of those destroyed or damaged by
IRE on Liberty street. A block on the same
thoroughfare sold by Henry A. Weaver & Co.
last fall will be replaced by modern structure.
On Fourth avenue a handsome bank and two
of1ce buildings-one for real estate exclusively
have been projected. The Carnegie library
slate
These buildings are all of high class, and
will materially enhance the architectural ap-
pearance of the city. Others of almost equal
Importance are in contemplation and will bs
noted later on. The most important suburban
Improvement on the carpet Is block of six
business houses at Oakland.
Help Needed by Builders.
A prominent business man remarked yester-
day: 1--WE need in this city an institution which
will advance money at q reasonable charge to
people Of small means to enable them to buy
or build homes. the loans to be paid in INSTALL
ments in TO- l5 or 20 years. according to arrange
nent. The property would be ample security.
This matter has been mentioned before but it
is of such prime importance as to justify fire.
Quent repetition. An institution of the kind
in question would do more than anything else
to make Pittsburg city of homes. The plan
has worked well in Philadelphia and there is
nothing to prevent equally satisfactory results
in Pittsburg."
Increased Productive Capacity.
It Is among the probabilities. If not certain
ties, that the productive capacity of Plttsburg
will be materially increased this year by the en-
largement of a number of existing plants and
the erection Of some new ones. Arrangements
for these Improvements have been perfected.
There may be others of which no mention has
been made. A few timid people have ventured
the opinion that the withdrawal of natural gas
from the mills and factories will put Pittsburg
on her back, but results are against them. Gas
or no gas, her material growth is assured. as is
clearly shown by the contemplated enlarge
ments and additions referred to at the outset.
These will bring in outsiders, with brains,
muscle and money, to the distinct advantage Of
every branch of trade.
Business News and Gossip.
The Ferguson building, on Third avenue, will
soon be ready for the roof.
The only business establishments in Edge.
wood borough are real estate Office and
grocery store.
1t is said that the Universal Refrieerating
Company. recently organized. will manufacture
its own supplies of pipe for coils. which will add
considerably to Pittsburg's industries.
The stockholders of the Parkersburg Oil Ex-
change have elected the following officers
and directors for the current year: George
Campbell, President; R. P. Camden, Secretary
and Treasurer; Board of Directors, G. Camp
bell, r. P. Camden, e. F. Kirk. William Berry
and V. B. Arden.
The largest of 20 mortgages on file for record
yesterday was for $4,000 Nine were for
purchase money.
George Bell. the Boston capitalisr, is ready
several dwellings.
The renting season will open in earnest about
the middle of the month, by which time own.
ers will have completed their lists.
A soap manufacturer In Allegheny the other
day bought lot of tallow in barrels, in one of
which he found stone weighing IS pounds.
He returned it with his compliments.
The new Secretary of the Exchange, W. W.
Chaplin, welded the gavel yesterday and &C
Quilted himself creditably.
The Exchange building Is still on the market,
butts not pressed for sale. It considered
good property to hold.
All the steady dividend-paying corporations
are coming to time promptly this year.
There are no small houses for rent in Wilkins
in a crua 90
Movements in Realty.
Baxter. Thompson & Co. sold for W. J.
Painter, another lot on Atlantic avenue,
Twentieth ward, size 5oxlSl feet, for a sum ap-
proximating 1900.
w. E. Hamnett & Co. sold house and lot on
West street. Brushton, for Daniel Double to
F. z. Washa5ough for 81, 800 cash.
Reed B. Coyle Co. sold to r. T. O'Dono-
ghue, three lots in Reed B. Coyle's plan Monon-
gahela street, Twenty-tbird ward. Nos. 25, q
as soon as the weather will permit.
Black & Baird sold to NJ Noonan, for Simon
Beamer, lot on Joncaire street, near Isis
alley Oakland, 77x250 feet for s., $50.
NJ. F. Nipple q Co. sold to Mrs. Margaretta
Mihm a new 10-roomed brick dwelling and
storeroom, with lot 30xl20 feet, situate on the
northeast corner of Station and Flavel streets,
Nineteenth ward, for a price approximating
$1,000. This is the second sale of this property
within 60 days by Messrs. Nipple & Co.
L. o. Frazier sold for e. 2. Wainwright the
ward. lot soxlO7 feet to a 2O.foot alley, having
thereon two-story dwelling, to William
Kalehthaler for So. $50 cash.
HOME SECURITIES.
An Uneventful Week With No Material
Changes in Figures.