Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-23
FAR FROM A FAMINE.
A Plentiful Supply of Cheap Build
ing Lots in the Market.
COUNTRY PROPERTY AWAY DOWN.
Active Trading in Local Stocks, With
Better Prices for Most Things.
ABUSINEsS CHANGE OUT OF THE USUAL

Better Prices for Most Things.
ABUSINEsS CHANGE OUT OF THE USUAL
Home-seekers of moderate means need not
despair. There is an abundance OF cheap
lots on the market, and more will be added
in the spring. There is no danger that the
supply will be exhausted for many years.
In the Eighteenth ward lots are offered at
| from $100 to 5000; in the Heron Hill dis
trict from 5000 to 81, 900: near Williamsburg
and Brushton from $500 to $500; on the
Southside from 5000 to $500; on the North
side, along the line of California avenue,
| from $500 to 5000. There are cheap lots in
! other localities, nut enough has been said to
show that there is no danger of a famine in this
grade of real estate.
In New Hands.
A business stand, as well known, perhaps, to
business men as any other in tho city. has just
changed proprietorship. ]. B. Larkin & Co.
| have sold the lease and Punishment of the old
Spencer Cafe, for many years one of the most
| popular resorts of the kind in the city. 1t was
originally started by MIR. Spencer, who spared
neither time nor money to make it symposium
| of high art. 1t subsequently passed into the
hands of Mr.. Pickert. who has just transferred
| it to MIR. Ferdinand Schmidt, on private terms.
| He will refurnsh and conduct the house on
the best model to meet the wants and tastes of
| the business community
Swapping Real Estate.
Considerable is going ON in the way of ex-
| changing country for city property, and vice
versa, of which no reports are made. Country
| properties, as rule, are abnormally cheap,
1
seekers as well as Spectators. A broker
marked yesterday: Il think there is money in
country property at present prices. Rapid
| transit and the spread of the city are over
| coming the objection to distance"
An Expert Opinion.
In their Real Estate Annual" Chas. Somers
| & Co. well and truly say: 'Pittsburg's prog
ress is assured beyond doubt, and every
| man within her limits or influence may enjoy
| share of her prosperity. In her irresistible
growth and steady expansion she is destined
soon.to absorb the outlying towns and cities
now known as her suburbs, and an almost limit
| less field is presented in her surroundings for
| investments as substantial in character as are
| tn products of her mills, and SO certainly
| profit-yIeldDg that, wherever within this field
selection of property may be made, the pres
ent cost will appear small compared with the
value few years hence"
A Growing Retail Quarter.
Fifth avenue from the Court House out to
Soho, is showing significant improvement in
these days. For a while there was fear that
the cable cars would bring the trade past the
stores in that quarter and down to the lower
part of the city, but the reverse has taken
place. Many new stores are being built While
not pretentious. they are in every instance bet
ter than those formerly on the street. Hand
some show windows and tasteful display of
goods IN not a few instances attract the at
tention of the cable car passengers. AS the
upper part of most of the buildings on Fifth
avenue are occupied as flats, the owners find it
possible TO make easy rents tor the stores be-
Iow At the same time they add by their fats
to the number of local buyers. The hill district
extending on each side from Bluff street and
Wylie, also find on this part of Fifth avenue a
local market Property owners, however, could
add largely to the desirability of their holdings
by removing the unsatisfactory and lll-kept
brick sidewalks and substituting for them
heavy fagstone. 1t is surprising that this has
not been more generally done. 1t would invest
the street with a business-like air and quicken
Its desirability as retail quarter.
Co.. ~
Business News and Gossip.
Defendants in the Homewood Cemetery
property ejectment cases Will file their answer
about February l. The trial will not take place
Buyers complain that owners of property on
the Allegheny river front are too steep in their
demands. Offers for two or three large lots in
that locality have been made recently, but
prices could not be modified suit.
Van Gorder & Lloyd report a good demand
for East End property. The inquiry for dwell
ings denotes quite an increase in the popula-
tion.
The Buffalo men. mentioned a few days ago,
are at work. and will be able to report some
thing important in a short time.
OF % mortgages on file yesterday, each of IA
was for less than s., ,000 The largest was for
$40 200.
A gentleman said yesterday that he believed
Jarrett, the absent Southside real estate man.
was in concealment not over so miles from the
CITY.
This is the way real estate broker put it
yesterday: Inquiry is active, but sales are
slower than we like. This is due to the fact
that many buyers arc holding out for lower
prices as a result of the money scare, while
owners refuse concessions. This keeps them
apart. Money is easing up and business is
bound to revive"
Lohr's Hall. Williamsburg was opened to the
public Wednesday night for the first time.
The Building Record.
The following permits were taken out yester-
day, all. with one exception being for dwellings
OF good class:
81. B. Flanders, frame two story dwelling,
2lx42 feet on Maple avenue, Twenty-hrst
ward. Cost. sl.55O.
Isaac o. McMinn. frame two-story and attic