Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-17
DEALS. AND DICKERS.
Another Handsome East End Resi-
dence Passes Into New Hands.
BUSINESS CHANGES ON THE SLATE.
Negotiations Pending for Nearly One
Thousand Feet on Fifth Avenue.
FEATURES OF THE CLOSING YEAR

FEATURES OF THE CLOSING YEAH
1t was reported yesterday that w. G.
Stewart had sold the Hairy residence prop.
erty, corner of Fifth avenue and Shady
Lane, at a price approximating $4,000,
| Mrs j. Scott Ferguson, wife of the well,
known attorney, being mentioned as the
| purchaser Mr. Stewart would neither
affirm nor deny the report. The property
consists of lot 1S4x17O feet, with one of
the finest dwellings in the East End.
Some April Changes
A number of important changes will
occur about April l. 1t has been stated that
the Adams Express Company OIL Fifth
avenue has given up its present quarters
and will fit about that time 1t is under
stood it will remove to the vicinity of the
Union station, where it owns considerable
ground, and where it may erect a
permanent home. As noted q few
days ago, the probability is that
the Central Hotel will pass into the
hands of new managers. One or two of the
storerooms will likely be leased to new oc-
street will occupy large building on Water
street. The ArbuIhnot building Oh Water
street, it is understood, has been leased, but
to whom Is not known. Several minor con-
Germs will pull up stakes, one or two going
out Fifth avenue. In most cases removals
are due to high rents, which the scarcity of
business stands enables owners to impose.
II is fact worthy of note that there are
fewer empty stores in PittsDurg than in
any other city in the country. Practically,
there are none that are in q condition for
occupancy, fact which should not escape
the attention of capitalists and builders.
Features of the Year
Business men with singular unanimity
join in saying that nearly all the unfavor-
able conditions under which the year
opened, and which handicapped almost
every line of activity until late in the
summer, have practically disappeared.
Confidence has succeeded timidity. The
financial situation has undergone COM
plete reversal within the last six months.
centers. Pittsburg national banks have
nearly S1,500,000 in excess of the legal
requirements, while private capitalists
are strong in resources. AT the
beginning of the wear, and for some time
afterward, several important local corpor-
ations were deeply involved. These troubles
have been adjusted. So far as can be seen
there is nothing to cause apprehension.
There is clear sailing ahead Everything
invites forward movement all along the
line. With plenty of material to work on,
with confidence practically restored, with
money to be had almost for the asking,
there is every reason to believe that Pitts
burg is on the eve of a business revival
which will prove the most notable in her
history. These are the conditions and
prospects under which the year is drawing
to close.
Investors Are Moving.
There is a brisk inquiry for property in
Shadyside, on Fifth avenue, and it is safe
to assert that in short time practically
everything on the market will have changed
ownership. It's known that negotiations
are pending for several parcels aggregating
S14 feet, with view to substantial improve.
ment next season. At the present rate of
absorption it will be but short time until
everything is taken up, leaving to future
investors only one course, that of buying
ont others at whatever figures they may see
ft to name.
Business News and Gossip.
An Eastern capitalist is dickering for a
slice of East End property.
To-day stockholders OF the Pittsburg and
Duquesne Traction Companies will take
action on the pooling arrangement or what
ever it may be.
General managers of Western roads saw
that the shortage of cars at Chicago will be
relieved materially in about ten days.
The Rock Island Railroad has ordered
200 new cars, all to be delivered before
March l next
2 10 or Tod
earnings of the Birmingham traction road |
Ire about 81, 100 day. The inclines are good |
feeders.
The Chicago Elevated Terminal Railway |
Company has purchased for 81 500 900 the |
tight of way and all the real estate holdings !
1f the Atchison within the city limits Of |
Chicago.
Louisa NJ. Horn has sold to Isabel L. Saun- |
1ers house and lot on Park street, McKees-
The directors of the Vanderbilt roads will
meet next week on either Tuesday or |
" Wednesday and the dividends will be then
John H. Kohne took out permit yester-
lay for two brick two-story and mansard
dwellings, on Desoto street. Fourteenth
ward, to cost $6: 600. Two others were issued,
ggregating 81. 100.
At the last call yesterday 1884 was bid for
)uquesne Traction stock and 94l4 for the
,onds. The stock was offered at 20. For
electric scrip. Sl3 was bid.
Stockholders of the ODD Fellows Savings
bank yesterday voted to apply for an ex-
ension OF the charter of the bank for 25
ears.
The only unfavorable news received yes-
erday was that the Irwin Bank had again
losed. 1t was the elimination of the former |
rouble and had been discounted.
Movements in Realty.
A. j. Penteccst sold for the estate Of Julia
'orbes, at Orphans Court sale, q strip of
round on Second avenue near Tenth street
ridge, having frontage of 345 feet by lis to
he Baltimore and Ohio Railroad, to the
laloney Bronze Manufacturing Company
DR. SIS 525.
Black & Baird sold to A. V. Womeldorfr
Dts Nos. 20 and q, in the T. A Gillespie plan
Heron Hill Park for $500
j. B. Larkin & Co. sold Ior the Blair Land
the following additional lots at
lair station: To Joseph Burkley, Southside.
ity lots 1856 and 323, for 81 los cash; also to
liss Maggie Donahue, CITY, lots 22l and 222,
d. $500 cash.
w. A. Heron Sons sold another lot in
he third plan of the wilkins estate. being
10. s. having a front of 80 feet on Braddock
venue by 100 deep, at Edgewood. for $3.50.
The Burrell Improvement Company re-
ort the following sales of lots ut Kensing-
IN: Antoine Moritz and Frank Iizio, lot
u, block 2. $4sS 10; Martin Sadler, lot AZ,
lock s, ST. ,037 so; Martin Sadler, lot l01 block
$s25; Marcus ketterer, lots 2s, 90 and 80,
lock Is, $l,211 25.
EASY ALL AROUND.