Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-19
FINANCE AND TRADE.
Dividends Paid Lawrence Bank De-
positors Foot Up Nearly 100000.
ANEW PLAN FOR ISSUING CHECKS.
Manufacturing Firms Looking for Sites on
the Monongahela River.
THE FEATURES OF LOCAL SPECULATION


hundred people last week. The company is
assignee of the defunct Lawrence Bank, and
as soon as the announcement Of dividend
was made depositors focked In to receive
their portions. Up to Friday evening 964
checks had been paid, aggregating in round
numbers $97, 500, leaving comparatively
few outstanding. Owing to the difficulty
in identifying depositors, on and after Tues
day next dividend checks will be issued
from the Pennsylvania Bank, in Lawrence
vile. In regard to another dividend nothing
can be said at present. as everything is tied up
IN court. The depositors committee, Messrs.
Eichenlaubs and Flanagan rendered the as
signee valuable service in identifying claim
ants.
Manufacturing Sites In Request
Business men show their confidence in the
future by considering ways and means for en-
larging their field of operations. Ira NJ. Burch-
field, who is well posted in movements OF TINS
kind, said yesterday; There is good demand
for manufacturing sites on the Monongahela
river between Pittsburg and Browns station,
but Hazelwood is the favorite location. have
applications from three firms for ground at
that place. was out with a member OF one OF
these films this morning, and showed MIN
property that suited him in every way, ana 1
think he will buy it. II he does. he will erect
large plant for the manufacture OF heavy ma
chinery. understand tract OF about ZO acres,
on Nine Mile rum has been sold to Southslde
manufacturer. presumably as site for q wire
mill"
Couldn't Stay Away.
Hon. James H. Hopkins, who rode into Con-
gress on tidal wave some years ago, Is about
to take up his residence again in Pittburg. He
will purchase q home in the East End as soon
ne can find one to SUIT, and was looking
around for one yesterday. Mr.. Hopkins has
resided in Washington for the past eight years,
He thinks that city is fast becoming the intel
lectual as II has always been the political cen.
ter of America. Mr.. Hopkins will be Valua-
BILE acquisition to the business interests OF the
city.
or Interest to Landlords.
In discussing real estate yesterday prom
inent agent brou ut out several points Of inter-
est to landlords. He said; "Phere is in some
sections great deal Of change in rents and de-
mRnd for certain kinds of houses. Houses
which eight or ten years ago sold as fast as they
could be built or brought the highest rent, are
not SO much sought for now, and in conse-
Quence bring in smaller return than formerly.
This has come about In this way; Eight or ten
years ago first-class houses, especially Of me-
dunn size, were scarce, and when q new one
went up number of tenants made rush for
1t. This enabled the owner to get almost his
own prica. But gradually new sections OF the
modern houses built, giving rise to competition,
the result being that owners who built eight or
ten years ago, and were receiving very hlgh
rents, had to come down or lose their tenants.
This has lowered rents In many sections. mucn
to the surprise of owners, who cannot imagine
why, but The reason is plain. 1t is not because
house building is overdone, but that rents are
being equalized and adjusted to the Localities
where the houses are situated. 1t is impossible
TO get trst-class rent in a second-class neigh
borhood, no matter how good the house is, and
the sooner owners recognize this fact the Det-
ter for them"
Hint to Land Owners.
General Grant wrote to General Sheridan
Just before the battle Of Winchester; "Push
things" This is q good motto for business
people A prominent real estate owner said
yesterday: "a few years ago all the property
L owned was ten acres near one of the East
End suburbs. 1t was unproductive, and there
fore expensive TO carry, SO concluded to sell
the most of it. I went around among my
friends and acquaintance trying to drum up
customers, but they couldn't see any money in
such an investment This was dIscouraging.
1 then sought broader clientage through the
papers, but it was slow work at first. kept it
up however. as the only chance, and after eX-
pending $500 or $500 in advertising, results be-
gan to appear. Within two years sold all of
the ground except two acres at fair prices, and
last year / closed out the remainder. am
about $40 700 ahead of the deal l attribute
my success entirely to perseverance and print
er's ink. If had yielded to discouragement l
would have realized very little. By holding
out and keeping my business before the public,
made a snug little fortune. With constantly
improving means OF locomotlon, there Is no
reason why all the vacant places around the
city should not be speedily built up. fowners
would let the people know what they have for
sale, they would soon attract buyers"
Some Tall Talk.
According to information received yesterday,
there is a movement among few Southside
business men to purchase several acres on the
Castle Shannon Railroad, as convenient to the
center of population as possible, and erect
thereon a large summer hotel. containing all
modern conveniences. and surrounded by large
and handsome grounds. Two sites are said to
be under consideration. The cost OF land and
building is figured at about $50, 600. The mat
ter will take definite shape in few days. A
leading merchanr and a railroad official are on
the list of promoters, and an eX-hotel man on
that side of the river Is mentioned in connec-
tion with the management Of the enterprise.
The Building Record
During the week rs permits were issued rep
resentlng 80 buildings-2l brick, 67 frame and
stone. the total cost of all being Sl09, ,37S. The
Tyenty.first ward led, with Il, followed by the
Fourteenth with TO-
The number of permits taken out the pre-
yious week was 40, representing 81 buildings,
the estimated cost being SlSS, ,802 Number of
buildings for which permits have been issued
this year to Date, 705. Yesterdays list follows:
Thomas Browne. brick twostory and attic
dwelling l7x2s feet on Vine street. Eleventh
ward. Cost, 81, 5O0
Peter +. Glackin, frame two-story dwelling,
l6x32 feet. on Monongahela street, Twenty
third ward. Cost, $500.
Peter Schwan, frame two-story dwelling
1880 feet, on Lincoln avenue. Twenty-firs
ward. Cost. S40S.
Peter Schwan, frame two-story dwelling
80xl6 feet, on Incoln avenue, TWenty-frst
ward. Cost, $500.
Mr.: Mclean brick twostory attic dwelling
I715xS2 feet, on Keystone street. Eighteenth
ward. Cost, $500
ings, lSxS8 feet each, on Achilles street, Tween
ty-irst ward. Cosl, 81, 600 for both.
James Z. Dick, two frame two-story and man.
sard dwellings, 2Oxs2 feet each, on Winslow
street. Twenty-trst ward. Cost, S. 600
Mrs N. Brown, frame addition one-storv
dwelling, l2x15 feet on Nineteenth street.
Twenty-sixth ward. Cost, S276
Mrs Rebecca Mangle, frame two-story dwell
ing l6xlS feet, on lnwood street. TWenty-first
ward. Cost $780,
Amanda Heck. frame addition one-story
kitchen, l2Xlo 1eet, on rear Fifty second street
Eighteenth ward. Cost, $3.50.
dwelling, 341Sx46 feet, on Ellsworth avenue.
Twentieth ward. Cost. $1,000.
Patrick Lawier, frame One-story kitchen I8x
81 feet on rear Penn avenue, Nineteenth ward.
Cost, $50.
Thomas Lindsay, brick twostory dwelling.
34x34 feet. on Linden avenue, Twenty.second
ward. Cost, 5000
James B. Heard, frame two-story dwelling.
lSx40 feet, on Fetzsr street, Thirty-second
ward. Cost, SL5Oo.
Business News and Gossip.
Another of the Spahr houses, in Spahr place,