Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-04
UNCLE SANS DICKER
Likely to Disturb the Standard of
Value on Penn Avenue.
SOME OF THE OWNERS THINK so.
The Campbell Glass Company About Ready
to Sink q Gas Well at Blair.
BUSINESS CONDITIONS AND OUTLOOK

|
Penn avenue and Garrison alley is awaite
with great interest by at least one broker
He has an offer for large piece of propert
on that avenue but cannot induce tn
owner to close until after the Government
sale. He thinks this event will somewha
change the standard of value in that local
ity. Former bids were lower than had beer
anticipated, and their rejection caused n
surprise. 1t is known that there will b
several new bidders on the 18th, and ther
is good reason for saying that the propert.
will be rated at a considerably higher leve
than on the former occasion. The owner il
question, as well as some Others, therefor
holds back so as to be in a position to real
the benefit of any boom which Penn avenue
property may receive from Uncle Sam
auction.
business Situation and Outlook.
As the end of the year approaches inter
est increases in the business outlook fol
1892. So far as can be discerned there is nj
cause for anxiety, or even complaint. AS {
general thing the feeling is hopeful ant
even buoyant. 1t will be miracle if the
big crops do not stimulate progress beyond
|
in carefully prepared reports from all sec.
tions of the country, are in the highest de.
gree encouraging, and give promise Of ac'
tive markets after the turn of the year. 1t
would be too much to hope that the change
will be free from disasters, but the sharp
est vision is unable to detect anything
ahead to cause apprehension.
Building is of primary importance in all
growing communities. 1t is of command
ing interest in Pittsburg. Everything points
to great activity in this line next year. A
great many houses which were postponed
last spring on account of the strike viii be
erected, in addition to new work. There
are schemes on paper involving several
hundred dwellings in blocks ranging from
10 to $50. The East End is full of building
projects, and if one-half of the plans talked
of are carried out, the number of new build
| ings that will go up out there in 1892 will
break all previous records. Allegheny
| promises to surpass all former efforts in this
direction, while the Southside, under the
influence of the multiplicity of rapid transit
projects. will put greater energy and en-
thusasm into the work of covering the hill
| tops with pleasant homes.
A business forecast without taking real
estate into consideration would be incom-
plete. The strong position of the market is
| the best evidence of inherent strength. 1t
| is quiet but not weak" 1t is good market
for investors but not for Spectators. Croak-
ers have about ceased predicting reaction.
In its solid features the market is satisfac-
tory. Environed by such conditions and
influences, and sustained by good demand,
it is fair to assume an active movement
after the turn of the year. This view is re-
capitalists have been putting considerable
money into realty, and the prospect is that
this movement will gain force the coming
year
Ready to Drill for Gas
The T. Campbell Glass Company has put
up derrick and is about ready to drill for
gas for its new plant at Blair station. Mr..
w. A. Snee made the company proposi-
tion to drill well and guarantee 30 pounds
pressure a minute, or make no charge, so
confident was he of finding gas; but the con-
tract having been let, this offer could not be
accepted.
Business News and GOSSIP.
The Westinghouse group of stocks is
slated for an advance.
George Sell has sold to Elizabeth Will
Jams % acres in Shaler township for 81, $50
1t is stated on creditable authority that
the American District Messenger Company
is about to absorb its rival, the Mutual Dis
trict Messenger Company.
Interest and divided payments this month
amount to $3S, 10S, 791 against So, ,021 ,18O
in 1890; S22 500. 266 in 1889; S21, POI ,1S2 in
1888, and $40, 149, 558 in December, 1887
Two building permits were issued yester-
day-one to the Westinghouse Electric and
Manufacturing Company for q brick boiler
house, on Garrison alley, Fourth ward, to
cost s., 900, and the other to William Burns
for brick two-story dwelling, on Forty
fifth street, Seventeenth ward, to cost
$3.50.
A charter was granted at Harrisburg yes
terday to the Smoky City Building and
stock 81, ,000, 900. Also to the following:
The Hastings Water Company, of Cambria
county; capital stock, $4,000. The Home
Electric Company, of Beaver county; capi-
tai stock, $4,000.
Railroad reports received yesterday
showed increased earnings, almost without
exception.
1t was stated yesterday that interest due
on Electric scrip would be paid about the
first of the year.
The Switch and Signal Company has re-
leased its claim to the Garrison alley prop
erty of the Westinghouse Electric Compa-
ny, which is now in full possession.
Statement of shipments of anthracite coal
for the week ending November 2S, shows a
total increase of 90, 4S9 tons.
At the last call yesterday, 18A was bid
for Birmingham Traction stock. For EIec-
trio scrip u was bid.
One year ago 80 was bid for PHILADELPHIA
Gas, % for Wheeling, 33L for Central
Traction, 49 for Pittsburg Traction, 221S for
Pleasant Valley, 1315for Luster, and Az
for Electric. Switch and Signal was offered
at 1SH.
Grandview avenue is being further i'm
proved by an iron railing along the bluff
above the incline.
Movements in Realty.
W. A. Heron & Sons sold a residence
property in the Fourth ward, Allegheny.
near the East Park, at price very close to
$50, ,OO0 The lot is 1C0x2s0 and the house a
modern twostory and mansard brick. The
purchaser, a NortEside business man. will
make the place his future home.
Black & Baird sold to John Nusner for I.
A. Gillespie, two lots, Nos. II and ls in Her
ron Hill plan, fronting on Webster avenue,
for $3.50 cash.
W. A. Heron & Sons sold lot 2Ox1OO feet to |
an alley, on Butler, beyond Fifty-seventh |
The purchaser will improve same soon
S. A. Dickie & Co. sold for j. W. Pollins to |
Mrs. s. Conn, lot on Susquehanna street,
25xl05 feet, for $775. Mrs Conn is erecting a
two-story and attic frame dwelling on the
above
The Burrell Improvement Company re-
port the following sale OF lots at tKensington:'
William B. Black. Tarentum lot IA, block 9,
for $500 cash: Mrs. Minnie McElhaney, Allie
gheny, lot 1S5. block 4, with house, for s., $50;
Joseph J. Weener, Pittsburg, lot LAG. block 8,
for $780, Charles Bergeson, Pittsburg, lot IL,
block z, for SOL Is; John H. Downing, jean
nette, lot %, block Z, for s7s7 80 cash; Owen
j. McKennn, Pittsburg, lot %, block !, for
sso3 50. Mrs Kate Korta Pittsburp LOT S6 |