Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-28
BUSINESS GOES ON.
The Movement So Good as to Leave
No Cause for Complaint.
REAL ESTATE In GOOD SHAPE.
Another Railway Combine Engages the At
tention Of Spectators.
OFFICE AND STREET NEWS AND GOSSIP

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1t was reported yesterday that the wash
ington street, Allegheny, residence OF Mr
Edward Groetzinger was about changing
ownership at a price very close to s2O, ,oOo
The papers consummating the deal probably
passed yesterday evening. 1t is said Mr.
Groetzinger has taken fancy to the Eas1
End and will build on Fifth avenue
Several other transactions of Importance
one of them involving between s3O,Oo
and $40, ,000-were brought to head yester'
day, but only one of them can be given to-
day. Major A. j. Pentecost sold two acres
at Glenfeld, on ,the Ft WAYNE road, to
John M. Montgomery for S1O,0O Inc
purchaser will improve with fine resi-,
dence
Reasons for Their Faith.
Owners and agents of real estate have
good reason for expecting an active market
throughout the winter, unless 1t be particu-
larlv severe, and a verv lively one next
season. The immense crops which are being
marketed induce a feeling of confidence.
The full effect of the general prosperity
will not be felt all at once. It will come
slowly, but that its influence will be in
evitable and powerful on all lines of trade
is a universal conviction. Real estate deal
ers as much as others, have confidence in
the future They can see nothing In the
way Of full revival of trade.
This feeling and belief, based mainly on
the rapid growth of the city, are no doubt
accountable for the indisposition of prop
erty owners to make concessions. They
have hard facts on their side, which buyers
cannot Offset, and the sooner they accept
the situation the better it will be for them.
They can gain nothing, and may lose much,
by delay.
Better Prices Likely.
A prominent New York stock broker is
reported as saying: appearances indicate
better prices likely in January. In the
meantime many houses are looking over the
yearly balance sheet. Conditions are
changing for the better. 1t requires a great
deal of work to set speculation in motion
on a large scale, enhance values and rein
state confidence that was badly shaken in
the street II months ago."
Business News and Gossip.
Cars on the Citizens Traction extension
to Sharpsburg will be running by the mid
die of next month. This comes from the
Superintendent of the road.
In real estate the lot market is active, and
some Improvement is noted in large proper
ties The stumbling block is the refusal of
owners to make concessions.
Work will soon begin on four-story
apartment house on Emerson street, East
End
The Williamsburg branch of the Dueuesne
Traction road is already doing paying
business, which will no doubt increase
when running arrangements shall have been
completed.
Baxter, Thompson & Co. are having sue
cess in the sale of lots in the Ruch Place
plan. People will wake up some morning
to find that populous quarter of the city
At the last call yesterday Citizens Trac-
tion 5s We're held at 1O6, with 1O5 bid. For
Allegheny Valley income coupon Is % was
bid. For Duquesne Traction - was the
best bid. Manchester was offered at 3S.
The sale of the Government property
will be the business event of to-day In
the opinion ot>good judges it ought to bring
at least $3.50, 900.
tember aggregate $4,000, 900 more thar new
ones negotiated during the same month.
Chicago reports that East bound roads are
alarmed over the continued diversion of the
traffic around Chicago, and serious trouble is
certain if uniform rates via all routes are
not soon established.
If the Pittsburg Traction and the Second
Avenue Electric Railway combine Du-
quesne will be let to paddle its own canoe
just what it has intended to do all along.
Movements in Realty.
Hoffman & Baldridge sold new frame
house of ter rooms, finished in quartered
oak, with all modern fixtures, lot 52x2OO, on
Trenton avenue, Williamsburg, for $500.
John X. Ewing & Co. sold the property, No.
"a Samson street, corner Race street, Second
ward, Allegheny, consisting of a two-story
brick house of seven rooms, hall, bath and
attic. with lot 20x60, for S., 500 cash.
Baxter, Thompson 4 Co. sold lot No 3d.
Ruch Place plan, fronting % feet on Kirk
patrick street and extending back ITO feet to
a line, for $3.50.
W. Kratz property, situated on the Ridge at
Ingram to Joseph j. McCurdy, of Robinson
township, for 81, ,250 cash. Mr.. McCurdy is
having improvements made which will cost
several Thousand dollars.
Samuel w. Black & Co. sold the property
No. Oakland square, three story, nine
roomed brick dwelling, lot BOXES, for a price
approXimating So 100. The purchaser a
well-known business man, will occupy it as
q residence.
Black & Baird sold to Rev. Norman Wat
son for John Graziera lot on the southerly
side OF Tioga street, Homewood, 25xl0O feet,
for $525.
j. f. Glass sold to John Wesley, six lots
on Morningside avenue, Eighteenth ward
for 81 400.
S. A. Dickie & Co. sold for Daniel Bohanan
to ID. H. Wallace piece of vacant ground
on the corner of Highland avenue and
Bryant street, l4O feet front by 12O feet deep,
:or $l2, 600
The Building Record.
Nine permits were issued yesterday for
the same number of improvements, the cost
of all being estimated at $25 4SS.
W. NJ; Laird, brick two-story dwelling. on Nc
Cuough street. Nineteenth ward: cost ST. 500.
John Liggett, brick two-story stable, rear Walnut
street, Twentieth ward; cost, 81, 0O0 Robert Bar
bOur, frame fwo-story dwelling. on Rural avenue
Nineteenth ward: cost So, 500. Peter Hermes
brick three-story dwelling. Forbes street. Sixth
ward: cost, 80. 4Co; Peter Hermes. brick three
story dwelling, on Boyd street, Sixth ward; cost
s., 400. Mrs. Lon Brooks. frame addition two
story dwelling, on Fifth avenue, Twentieth ward:
cost, s. 700. George G. Wilson, brick addition
pne-story laundry and Kitchen Rebecca street.
Twentieth ward: cost, 81, 200, Besides these there
two others of small importance, costing $685.