Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-14
AMONG BUSY PEOPLE.
Preliminaries Of an Important Deal
Near SwisSvale.
SOME GOOD THINGS NEARER HOME.
Lease of Business Property for Five Years
for Sixty Thousand Dollars.
OFFICE AND STREET NEWS AND GOSSIP.

OFFICE AND STREET NEWS AND GOSSIP.
The A. L. Sailor Clothing Company has
leased, through Black & Baird, for term
of five years, the Irish block, 80 to So Sixth
street, consisting of four store rooms, at an
annual rental of S12, 900, or $4,000 in all.
The lessees are the present occupants. The
new lease begins April next. This is one
of the most i'm portant transactions of this
kind for several years, and the figures when
compared with former leases of the same
property show considerable appreciation
in rental rates.
Think 1t Will Pay.
1t was learned yesterday that deal is on
foot for frontage of about 300 feet on the
Pennsylvania Railroad, between Swissvale
and Hawkins, with view to the erection
of a number of dwellings, for which there
is good demand from the surrounding dis
tricts. The prospective purchasers are well
known business.me who are satisfied That
the investment will pay. Negotiations are
not far enough advanced to warrant par
ticulars, but the chances are that the trans
action will be closed this month.
Two East End Sales.
IeODCIt lEtS SOlu W L. lJubtOh
a fine lot, 5Oxl6O On the west side of Pacific
avenue, for 900 cash, upon which hand
some residence will be erected this season.
Ii. g. Teese has sold residence property in
the Nineteenth ward to Alexander Allen
for 81 600.
Rental Rates for Office Buildings.
The Engineering Nagozine has the follow
ing on rental rates in New York: "Ordinary
upper story offices in first-class buildings
situated on important business streets are
found to rent from s. 80 to So 80 a square foot
of floor space. Few, if any, bring less than
s. 90. while the large offices on the lower and
street floors bring much more than the high
est figure given" Compare these rates with
those at which Pittsburg office buildings are
rented, and it would seem that there are
great possibilities ahead for the owners of
such properties. 1t has been shown that
Pittsburg land values are less than those in
any other important city in the country and
comparison of rental rates will lead to the
same conclusion. Both are moderate. when
the superior business advantages of the city
are taken into consideration.
The Two Elizabeths.
Elizabeth, up the Monongahela, is pleas
ant, prosperous place. 1t has a population
of about 2 600, counting in West Elizabeth,
it is 5000. The two towns will soon be con-
nected by a bridge, for which charter has
been obtained and preliminary surveys
made. An electric car line to McKeesport
is talked of. There are number of flourish
ing industries. Boat building is prosecuted
on large scale. The town is lighted with
electricity. Among the buildings of note is
the old homestead of James G. Blaine, which
stands on the corner of Third and Market
streets.
Business News and Gossip.
There is nothing wrong with real estate.
Sales are equal to those of the correspond
ing time In 1899.
There is some prospect of new building
at the corner of Penn and Ninth. The lot is
small, but the location is good.
Finishing touches are being put to the in
terror of the German National Bank. The
woodwork is very fine.
The orders received by the Thomson
Houston Electric Company during the month
of July aggregated more than 100000 per
week and were Is per cent in excess of or
ders received during the same period last
year.
Philadelphia is buying Reading prefer
ences in New York on tips that interest
thereon will be paid in full next February.
Net earnings are already $5OO, coo ahead of
last year.
Next Tuesday stockholders of the Pitts
burg and Chicago Gas Coal Company will de-
eide the question of increasing the capital
stock from S200, 600 to $3.50 coo. The PROPOSE
tion to increase the Indebtedness from $780,
900 to $l75 600 will be acted on at the same
time.
Oil took an upward direction yesterday
and grTlZed the 70-cent line, Outsiders are
beginning to take interest in the market.
At the annual meeting of the National
League Linseed Oil Company yesterday the
shows q loss for the year of $2045
Chicago banks report that large sums of
m n n1It ES
crops have already returned, as the grain
has been realized on.
The mortgage market is slow. Very few
people are seeking loans, indicating that
they are not hard up for means to meet their
So far aboue SIS, ,Ooo, 900 in AZ per cent bonds
have been presented to the Treasury for ex-
tension at 2per cent. About three weeks
remain in which to receive the balance
about S33, 600, ,0G0-of these bonds.
The work of clearing away the debris, for
rebuilding at the corner of Wood and Dia-
mond streets, Is under way.
The Pittsburg Pipe Covering Company at
meeting yesterday decided to sell its prop
erty and franchises.
Movements In Realty.
S. A. DicSie & Co. sold for DR.. H W. Full
ton to James Craig an improved property
on Holland street, Williamsburg. Lot lOOxS0O
feet for Sc, 800.
J. C. Reilly sold for Mrs. Honfrey to John
Holt a two-story frame dwelling, near Sheri-
den station, with lot 5OxlOl, for 81, 15O cash.
Thomas McCaffrey sold for F. c. Hague to
Mr.. Jones a property on Broad street, East
End, lot 3oxlS5 feet, with an old frame dwell
ing, for 5000, and for Carl Port to L. p
Yeager lot on the corner of Pearl and Isa-
bella streets, 2Ox9l1S. for $3.50
Hoffman & Baldridge, Williamsburg, sold a
lot 33x13a, on South street. near Coal, Will
Sinsburg for 5000 cash.