Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-02
NO DROP IN VALUES.
Owners off Real Estate See No Rea-
son to Make Concessions.
TOP PRICES STILL DEMANDED.
Good Business Opportunities Attracting
Outside Capital and Skill.
FEATURES OF LOCAL SPECULATION


of the East End wards show that land
values are as firm as ever. There has been
no shrinkage, nor is there likely to. be.
Even side street property is holding its own,
and in some cases little more. Owners by
holding out for top prices demonstrate their
faith in the future. Some buyers are stand
ing out for concessions making deals hard
70 close, but so far they have met with moth
Ing but disappointment. Real estate agents
would be glad if there was more Of dlspo-
stion to give and take, but they find it lmpossl-
bio to convince owners that they are asking 100
much. Whether, under these circumstances.
it is wisdom to wait must be determined by
every buyer for himself.
On a Sound Basis.
Practically all the business and dwelling
houses in Pittsburg are occupied. Those that
are empty are Objectionable to tenants in one
or several particulars. They may be out OF
repair, or located in a bad neighborhood, or
held at an exorbitant rental. They could be
filled at once if conditions were right There
is use for every house in the city. Keeping
this fact in view it is foolish to talk discourag-
ingly OF the present or take dreary view OIL
the future. Existing difficulties are temporary
There is no deep-seated trouble. The demand
for houses and their scarcity show STEADY
influx of population. People are being at
tracted hither by the many opportunities wnlch
the city offers of bettering their condition, Dy
the magnitude of its industries and Dy lts
natural resources, still largely undeveloped
Most other cities oversold and oVerbullt
There are more houses than people Inc re.
verse of this holds good here. This is sumclene
not only to keep things moving under tenn
porary adversely, but to continue, II not I'M
prove upon. the rate of expansion which mas
been the wonder of the country during the last
few years.
Business News and Gossip.
The seeding element of the r. P. church at
Williamsburg has secured a lot and will build on
it as soon as possible.
A meeting of the special committee OF the
Chamber of Commerce having the matter of
the purchase of the Exchange building In
charge was held in the Fidelity building yester-
day evening. None of the members could oe
found after the meeting. but 1t Is understood
the sentiment was adverse to the proposltlon
A gentleman who ought to know said yester-
day that electric cars would be running on Cal
ifornia avenue by fall
Business in the suburbs is suffering severely
from N uddy roads. 1t is almost imposslole TO
deliver building material.
John NJ. Oakley & Co. received the following
over their special wire yesterday: London
prices are weak. There are fresh rumors OF
trouble in financial circles, and in Italy thlngs
are looking bad. The market is so narrow here
that the bears will take fresh courage. The
bluff from Italy recalling Baron FaVa ought
John Hollaue and Joseph H. Baker are erect
ing handsome residences at Washington. Pa.
OF SO mortgages on the Recorders file yester
day, the largest was 900. Each of Il was for
less than 81 600.
Plans are under consideration tor hve-story
business house at Duquesne-the upper part to
be adapted to hotel purposes.
About a dozen houses are in process OF con.
struction at Ingram. William l.. STACK Will
put up two.
Matt Weiss has sold lot in Grafton to HAM
ilton Kennedy, who will erect handsome
dwelling thereon this season.
Major A. ]. Pentecost, the well-known real
estate agent, is a victim OF the Unsuitable grip.
The Building Record.
The following permits for the erection Of
new buildings were issued yesterday:
Peter Spryer, brick twostory and mansard
dwelling 2lx34 feet. on Liberty avenue, Tween.
tieth ward Cost, So, 500
Peter Spryer, frame two-story stable, 25x1S
feet. rear Liberty avenue, Twentieth ward.
Cost, $500.
Mrs. John Hoddle, frame two-story dwelling,
l6xs2 feet, on Gerrett street, Twenty-tirst ward.
Cost, s., 600.
Mrs. Mary 2. Semple. five frame one-story
stores, I7x3O feet each. on Station street. NIne-
teenth ward. Cost, $1,000
John Lingenfelser, brick two-story store and
dwelling, 2Ox40 feet, on Penn avenue. Nine
John Beck. brick two-story dwelling, 2OxS2
feet, on Grove street, Thirteenth ward. Cost,
s., $40.
Movements in Realty.
Straub e. Morris sold to Hamilton Kennedy
for Matt Weiss a lot 47x400 at Grafton, for
81 900 cash: also sold two lots at Ingram to Will
bert L. Slack for sl,40O; also sold to John E.
Mountain a lot 40x2O5. on FARM 1unt avenue,
Nineteenth ward, for g. 200.
John X. Ewing & Co. sold for John White to
a prominent young attorney two vacant lots.
22L5xl00 each, on the New Brighton road,
Eleventh ward. Allegheny for 81, 450.
Black & Baird sold for Frank Cartwright q
new brick dwelling on the southwest corner of
Atwood and Louisa streets, Oakland, with lot
22xl00 feet to a 20-foot alley, for $500.
Howard Brown sold TO Mark T. Dick lot in
the Bank of Commerce addition, Brushton sta
ton size 59Xl30 feet, for 81, 000
Charles SOmers Co. sold for price approx
imating Sl7. 600 the residence property of Mr..
]. B. Doyle, situated Aiken avenue, East
End, consisting of frontage of l63 feet, with
frame dwelling of II rooms. The purchaser,
who proposes TO occupy the premises, is we'll
known iron manufacturer.