Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-06

Reasons Why Buyers Should Make
No Unnecessary Delay.
NO PROSPECT OF LOWER VALUES.
Reported Sale of Palatial Residence in
the Fast End to an Oil Man.
OFFICE AND STREET NEWS AND GOSSIP

|
| removed; it is the belief of owners that
! This attitude Oh their part is blocking many
transactions.
Owners cannot justly be blamed for en-
| tertaining sanguine opinions They have
good reason for it IN the rapid growth Of
the city in wealth and population. Land
| is their capital, and they would be more
than human if they did not desire to get as
much for it as possible. That they are able
to hold it shows that the market is strong
and reaction almost out of the question.
1t is safe to assume that higher values have
| come to stay.
This is an important matter for the con-
sideraton of buyers. They must enlarge
their ideas. Many of them ignore the change
/ that has taken place in the affairs of the city
during the last few years, and think they
| are being imposed upon when required to
pay more for property now than five or ten
years ago. This is unreasonable Real es-
tate, like everything else, is subject to the
law of supply and demand That the one
has diminished and the other increased
within the time specified there can be no
doubt. This alone is sufficient to justify
others in holding out for more money.
An Interesting Rumor.
1t was reported yesterday that the hand
some residence property of Mr.. Henry
Fisher, ON the west side of Winebiddle
avenue, East End, had been sold to prom
inent oil man for $4,000. Liggett Bros,
agents for the property, were asked for par
ticulars but declined to give any informa-
tion. The place is palatial in all its ap-
pointments and surroundings, and Mr..
Fisher gives it up only on account of the
necessity of seeking a milder climate for
his wife, who is in delicate health.
Buying and selling are going on, and will
go on, irrespective of values. People must
be housed and must have places in which to
do business. Lands and houses are as
necessary as food and clothing. Looking at
the matter from all sides it appears that
buyers, or the majority of them, are stand
ing in their own light by refusing to pay
present prices on the ground that bv hold
ing out they will get concessions. Nothing
is more improbable. If they had bought
last year they would have obtained lower
figures than they can now. If they buy
this year they will do better than they can
next 1t is simply question of dollars and
cents, which the mechanic and the working
man ambitious of acquiring home should
carefully study.
Business News and Gossip.
Andrew Caster yesterday placed S65, 900
in gilt-edged local securities This is
sign of returning interest in reliable proper
ties
The Allegheny County Light Company
yesterday paid off the $50, 900 mortgage on
the recently purchased Bradley property,
at the corner of Twelfth and Etna streets.
This denotes prosperity.
William L. Smith, well-known operator
rpr
He will remain for several days.
Two large subdivisions are being put in
readiness for the market early next spring
Considerable complaint is made of the
condition of the Soho portion of Fifth ave-
nue.. 1t is rendered unsightly by large
collection of rubbish washed down from the
hillside. Strangers cannot understand why
this is permitted on one of the principal
thoroughfares of the city. Health and
property would be benefited by thorough
cleaning up in this district.
Railroad earnings are showing immense
increases. West-bound business has in
creased as we'll as east-bound.
The annual meeting of the stockholders of
the Bank of Pittsburg will be held on the
10th inst
The West End Savings Bank has declared
its semi-annual dividend of per cent, pay
able after the 18th.
A steel rail manufacturer says the effect
of increased earnings of railroads is seen in
the larger demand. Several thousand tons
were ordered from EasternAmills last week.
W. L. Smith, who purchased a lot 5O1142
on Craig street, near Center, from Sarah
Eisner, through the agency of Samuel w.
Black & Co., intends to erect a fine resi-
dence thereon at an early date.
At the last call yesterday Ii was bid for
Duguesne Traction, offered at Is. Man
chester was offered at 40.
Movements in Realty,
Charles Somers & Co. sold for W. A.
Cox his livery stable property, situated at
Coraopolis, Pittsburg and Lake Erie Rail-
road, consisting of three lots, with total
frontage of IS feet on Fourth avenue by ITO
feet in depth, with stables stock, vehicles
proximating Sc, 900.
C. H. Love sold two two-story frame
houses, lots 40xl20 on Winthrop street. for
Mrs. W. H. Shaddick to Mr. Hasley, for s. 900
cash.
J. H. Coleman 4 Co. sold for James C. Dick
to Mrs. stevenson, double frame house OF
four rooms each, and lot situated on Wins
low street, for S., 200.
John K. Ewing & Co. sold for William Nc
Connell to j. K: and j. e. Ewing, a two-story
on Federal street extension, Second ward,
Allegheny, for 81 $50 cash.
Black 6 Baird sold to J. S. Stephens lots
NOS. lUS ana lUS In IOe Alta Lana COmDaQyS
plan, on Duauesne Heights, for $I25; and in
same plan to George Z. Brush, lot No. Ill for
$I0o
Hoffman & Baldridge sold lot No. Is, in
Palmer Place plan. Swissvale, 40xlaO feet to
an alley, for II. II. Neyley for $500.
A z. Byers & Co. sold to Charles Il. Cum
ningham lots Nos. and s, in the Grande
Pointe plan, on the line of the California
avenue electric road, Eleventh ward, Allie
gheny City, each fronting 4S feet on Win
throp street and running back 1s2 feet, for
$1,000.
Reed B. Coyle Co. sold lots Nos. "a and rs
in the Grafton Place plan, at Grafton, Pitts
burg, Fort Wayne and Chicago Railway.
fronting 25S feet on Harriet street and ex.
tending back average depth of l5O feet, for
$1,000.
W. A. Heron & Sons sold for the estate of
DIR. Mahan, deceased, for 50 200 on North
Canal street. Fourth ward, Allegheny City,
Pa, lot 5lxl3s feet, with two good brick
houses.
The Aspinwall Land Company have sold
from their plan at AspinwalI the following:
To George Robnsteen; lots Nos. 1856 and 1877,
each 25Xlt0, with new frame dwelling house.
$500: to David Elsrode, lot No. GO4, 25xlOO,
$40; to Frank r. Elsrode, lot No. 2c3, 25xlOO.
$40; to George G. McWhirter, lot No. 245, 25x
100, 1915.
S. A Dickie & Co. sold for D. H. Wallace to
J. II. McElroy lot on Emerson street,
Twentieth ward, 25xlsO feet for $l,5OO.
The Building Record.
Six permits were issued yesterday for IL
improvements, the estimated cost of all be-
ing sl6,7OO.
Mrs. Catherine. West, four brick two-story
8. coo. +. Griffin four brick two-story dwellings on
fifth avenue, Fourteenth ward cost, 4, co.,
on aev rear of Olive street. Thirteenth ward coss
sS. coo. Mrs. A: N. Petty, two frame two-story
cost. $50 Mrs: Maggie Duncan. brick two
story and mansard dwelling ON Fifth avenue -Four
two story dwelling near Tbonpson street 'rwentv