Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-11
POINTERS IN TRADE.
Real Estate Deals, With Interesting
Features, Closed Up.
A CHRONIC CROAKER UNMASKED.
Interest in Oil Revived by Large Increase
in the Certificates.
FEATURES OF MONEY AND STOCKS

The report of the pipe line companies for
August, posted on Change yesterday made
quite a stir in oil circles. Its immediate
effect was bullish. Certificates increased
954, 900, making the total now available for
trading purposes 3,212,O3S This shows
that the certificate factory is again in oper-
alton and giving the boys more oil to
handle. Nearly all the brokers spoke con-
fdently of lively market before many
weeks roll by.
A transaction in Allegheny City real estate
was brought to head yesterday which con-
fldently shows that foresight WAS as rare a
years ago as 1t is to-day. Northside land
owners at that time, in their forecasts Of the
future, had no expectation that buyers in
1891 would pay SO, 600 n foot front for ground
that had cost the original owners IS or $6.
A. Leggate & Son sold lot 36x90 on Ohio
street, between Arch street and Burgess
alley, with an old frame building occupied
as an agricultural implement store, for S20,-
was in lS47. when it was purchased by John
ArDuckle for 81 600. Mr.. Arbuckle was the
founder of the family of that name. and the
pioneor cotton mill operator in Western
Pennsylvania.
Work on the Schenley Park branch Of the
Second Avenue Electric Railway is being
pushed as fast as possible. Rails were de-
livered yesterday at the park end of Green
field avenue, and they will be laid at once,
as the contract has been let. 1t was SEM
officially stated Yesterday that the road
would be in operation by October1.
-
A croaker was cornered yesterday after
noon. He was in a real estate office, looking
and talking as blue as indigo. Business is
a. -
STICKS" he remarked. "What makes you
think so?'' asked bystander. "a compari-
son of the statistics of last year and of this
is proof enough" Eyes, but last year, while
active in spots, ended with disaster, from
which we have not fully recovered. The
business of the city is heavier than in any
other year, with the exception of 1890. What
can you say to that?" ''Well, things look
shaky and uncertain to me-" Then
the bystsnder put in clincher
"Of course, with your views
you are afraid to invest, and are doing moth
East End real estate?'' Eyes, there is piece
of land out there 1 would like to Duy, but
the outlook Is so bad am afraid" This let
the cat out of the bag. He was croaking for
q purpose. BY throwing cold water on
everything he hoped to so discourage the
owner of the property he wanted as to cause
the ease with people who go around with
funereal look and voice preaching alamity
from morning till night They are not so
disinterested as they seem. They have axes
to grind. Fortunately, they find few listen
ers and still fewer believers. With facts to
the contrary before them, it is uphill work
to make people believe that they are rush.
ing to destruction with the speed of a comet.
H. P. Slaughterbeck, a well-known East
Ender, has purchased from Mrs. Elizabeth
Sargent 150 feet on Mellon street by nearly
300 on st. Clair, Nineteenth ward. for $l2, 900,
or about $S3 a foot front Property in the
same neighborhood was in demand at $35 a
foot a year ago, when owners had extrava-
CANT ideas. Asking is one thing and getting
is another. Although there is no general
surrender of advanced ground, and no ex-
pectation of it, a few owners in need OF
ready money are making slight concessions.
1t is understood the purchaser will improve q
by erecting several handsome dwellings.
Wylie avenue is one of the most conserva-
tive thoroughfares in the city. Few changes
IN ownership of real estate occur, and i'm
provement is slow. Fresh blood is needed
to stir M things. A departure that occa-
stoned some surprise was made day or two
ago, when the John Wallace estate sold to
Annie f. DelD a property near Townsend |
street for $500. The lot is 24x124, with three |
brick buildings, one in the front and two in |
the rear. Property on a well-paved street, |
in the heart of the city, is certainly cheap at |
less than S400 foot front.
Business News and Gossip.
There is hope for the oil traders yet
Ten of Senator Flinn's houses at the |
corner of Greenfield avenue and Lydia street |
are well under way. They will be completed |
within month.
Rapid trsnsit will be the making of the |
hill district on the Southside, and the pros |
pect of it makes land owners smile /
The Chautauqua Ice Company yesterday |
took out a permit for seven-story factory |
on Pike street, to cost $45,0
Railroad earniHgs-Cleveland, Columbus,
Cincinnati and st. Louis, fourth week in Au- |
gust; increase S43 05s; month increase, ss5,73l.
Wheeling and Lake Erie, first week in Sep |
tember, increase 1929; st. Paul, first week |
in September. increase sS9, $50; Northern |
Pacific, month of August, decrease Sll3631
The grain blockade at Kansas City is re- |
ported serious. All the roads have their |
side tracks full of cars loaded with grain.
Mrs. NJ. X. Thompson has purchased the |
White property, Nc. 3ll Market street, for
So, 600, or s., 900 foot front.
The American Bell Telephone Company |
will pay a dividend of SS per share, October |
l5
Movements in Realty.
s. A. Dickie & Co. sold for Mrs. NJ. S. Kem-
erer to sames Newell, Jr., u lot on Howe |
street, near Denniston avenue, 25xI20 feet,
for 81, ,S75 Mr.. Newell intends to build a |
on this lot.
D. c. Reilly sold lots Nos. and Q in Colum-
bia Park plan, Tenth ward, Allegheny, to
Daniel Mehan, fo- 81, ,0oO
Charles Somers s &C. report the following
additional sales of lots at Blaine: George
Scott, city, lot No. 40 in block 13 $3.50; L. j.
OIL City, Pa, lots SO and 81 in block
IL, 800 and $3.50 respectively; Fred Schell-
haus, Allegheny, lots so and II in block u,
$3.50 each; John Wenchel, Sharon, Pa. lot lS
in block 10, $4C0: E. J. Massier, Steubenville
o.. lots SO and 100 in block 10, s4O0 and $500 re-
spectively; Robert Laverv, city lots 43 and
a in block l9, S400 each; ". J. Lightner city, |
lot 80 in block Ii, $500; Henry Markell, To,
ledo o., lots So and 81 in block II, S4O0 each;
NJ. Mizony, city, lot 81 in block IL, s400; J. A.
Cation, Wheeling, w. Va, lots and 9 in
block TO- 500 each.
Black & Baird sold for Mrs Louisa Lude-
wig a twostory brick dwelling being 43
Marion street, Sixth ward, for S. 600 cash.
Hoffman 6 Baldridge sold lot No. q, in the
Edgewood Park plan, Edgewood, p R. R.,
35xll0 feet, for 1915.
W. A Heron & Sons closed the sale and
delivered the property, No. 36l South High
land avenue, tot downtown business man
for an investment for s. COO cash.
The Burrell Improvement Company re-
port the following sale of lots at Kensing-