Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-20
PROPERTY FOR USE.
Encouraging Features of the Local
Real Estate Market.
SUBDIVISION NOT SPECULATION.
No Bulge in Speculation and Very Little
Shading Of Values.
OFFICE AND STREET NEWS AND GOSSIP


the real estate market, it presents one or
two conspicuous features which are worthy
OF consideration. Pittsburg is growing at q
rate unexceeded in any former period of her
history. This material development brings
property into demand for active use, and is
not only the life of the market but an assur-
ance againsta reactionary tendency. Backed
by such a demand real estate is as safe an
investment as United States bonds.
Another feature worthy of notice is that
speculative buying is on the wane. Instances
of acquisitions of land to be held intact for
a rise in values are quite rare. Acreage pur-
chased for immediate subdivision and sale
is not speculation in the usual meaning of
the word. There is good deal of this kind
of business going on, but in every case it is
in the interest of buyers by holding, IN
check and affording larger field for selec-
tion.
Financial and labor disturbances have
crushed the Sanguine disposition of business
people to some extent and advanced the
volume of real estate transactions to.a point
slightly below that of the same time last
year, but the market is rs strong as in more
f1ourishing periods, and with the subsistence
of the mafign influences mentioned above it
will move forward with as much vigor as it
has ever shown. Pittsburg is neither over
sold nor overbuilt-conclusive reasons for
for real estate
Business News and Gossip.
Black & Baird have sold las lots in Elwood
in the last ten days.
There is promise of big rush for lots at
Kensington at the opening sale.
Washington, Pa, Presbyterians have pur-
chased lot for 81, 900 and will erect hand
some church thereon. w. NJ. Ely is the
architect.
A silver pool has been started in Paris,
with the aid of French bankers the object
being to advance the price of the white
metal.
Cheerful news Of heavy rains comes from
the West. This relieves the crop situation
materially.
The purchaser of the property corner of
Liberty and Atlantic avenues. recently sold
by Baxter, Thompson & Co., for $4,000, was
Rev. Thomas H. Chapman, of Shadyside.
He will erect three handsome dwellings
thereon during the summer.
Canadian banks will accept no more United
States silver coin at par.
The annual meeting OF the Hazelwood Oil
Company was held yesterday. Reports
showed gross earnings for the year were
Ss2 6ls 06; dividends paid, $24, ,O00 amount car
ried to reserve account, $5S6lS 06 The cap
ital stock is 100000 reserve account, $Sl3,-
72s 70. w. j. Lewis, W. Steinmeyer, George
Charles F. Wells and James II. Wilcox were |
chosen directors.
Pork is 81 so lower than a year ago, and be- |
low prices two years ago., The annual aver |
age price the past decade has been $l3 S715, |
and for lard cents.
The best sale of coal land outside the 40 |
mile limit occurred in Washington county, |
near the town of California, a few days ago, |
when GOO acres changed hands at $125 an acre |
more than double the asking price year
ago.
The land belonging to the Taggart estate
near Mansfield, about 500 acres, underlaid |
wi1 N the M Tl< al bXyl
II. W. Stricken.
A bond specialist says: The bond market
continues to be dull and featureless. The
demand from investing corporations has
well nigh disappeared, and the limited in
1uiry for individual capitalists and estates
partakes of the usual discriminating charac-
The Fourth National Bank yesterday an
1ounced q semi-annual dividend of per
cent. e.. I'D ~ - *-.. .-'
1t is said that the Bank of England has adj
7anced the price on double eagles. This may
,ause more gold shipments.
John D. Bailey sold 40 shares City Savings
Bank Saturday at 6O4.
The Building Record.
Permits for the erection of the following
buildings we're issued yesterday:
Phillip Nolden, brick two-story and base
nent dwelling, 2lx30 feet, on Greenfield ave-
1ue, Teenty-third ward. Cost, $l,73S.
j. E. Kennelley, frame one-story office, 10x
= NV |
COST, 800.
Albert Parrist, frame two-story and base
nent dwelling, 17x32 feet, ON Berg avenue,
rwenty-seventh ward. Cost $780,
Movements in Realty.
W. A. Hernon & Son sold q lot, S0xl2O feet,
IN Alder, between Edwin and Sphor, in the
Iowe-Brown plant, East End, for 1900 or
go per foot front. The purchaser will build
oon.
Black & Baird sold for Peter Craft to
Michael Wolfarth the property situated at
he corner of Butler street and Stanton
venue, Eighteenth ward, being two-story
rame dwelling, with lot 2OxloO feet, for
$780,
Z. T. Schaffner sold to Charles Wise and
wife frame Touse of two rooms, with two
ots, each 25Xl20, on Lafferty avenue in John
q tshter's plan, laid out on the Boggs farm,
or 81, LIS.
S. 4. Dickie & Co. sold for Thomas>A.
elliot to T. P. Marshall an improved
property on Lincoln avenue, Twenty-frst
ward, a twostory frame house, with lot
44x157 feet, price confidential.
Charles Somers & Co. sold for Harry Timby
o Thomas w. McCune, the residence prop
rty No. Lombard street, Eleventh ward, |
of a two-story brick house of
light rooms and lot 22x111 feet for $1,000.