Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-02
A BIG SALE OF LOTS.
Block in Homestead Picked Up by a
Well-Known Investor.
WILLIAMSBURG STATION TALK.
Settlement of Electric Affairs Again Rele'
gated to the Future.
OFFICE AND STREET NEWS AND GOSSIP

The week opened up with good outlook
| for real estate. An official of the Recorders
| office, who is familiar with the transfers,
said they showed business to be but little in
arrears of the same time last year, and any
change, he thought, would be for the better,
especially in the building line.
Among the transactions that came to the
surface yesterday was the sale by Samuel
Plummer, the well-kpown attorney, to WILL
lam Eberhardt of 60 lots in Homewood, ex-
tending from the river to Dixon street, for
$4,000. This property adjoins that recently
purchased by Attorney John NJ Cox, which,
in turn, adioins the City Farm. 1t will be
subdivided.
Albert H. Wilson bought from Mrs. Caro-
line A. Graft residence property, on Lin
coin avenue, Twenty-first ward, lot 57xl3l,
with good two-story brick house, for
$500
No End of Tall Talk.
There is a wide difference between talk
and action. The removal of the stock yards
has been fruitful source of gossip for
years, but they still cumber the ground at
Torrens. 1t was all talk. OF the same COM
ple1ion, probably, is the agitation in regard
to the railroad station at Williamsburg. 1t
has been removed so many times without
budging it that citizens of the borough have
come to think it will remain where it is for
years to come The latest in this connec-
tion is credited to the manager of the icing
station, just off Penn avenue. He is reported
to have said on Saturday that that concern
would be removed early next year to Walls
station, or Turtle Creek, and that the rail-
road would then erect a large station or
freight house there or in the immediate
vicinity.
This may be news from the inside, and,
therefore, correct; but, as stated at the out
SET there have been so many reports to the
same effect that citizens directly interested
take no stock in it. When workmen begin
operations they will believe, but not until
then.
Downtown Business Property.
Owners of downtown real estate which is
encumbered with antiquated buildings to-
tally inadequate to modern business require
ments, should not overlook the fact that
there is an exceptional demand for modern
stores and warehouses, both from insiders
and outsiders, and that by putting up such
buildings they would derive larger income
than they are now drawing. Almost every
s street IN hs the business quarter is disiigured
they are allowed to stand, present an effect
ual barrier to improvement in @ direction
where it is so much needed.
Owners should look into this matter and
see If they cannot find way to get a larg Z
income from their holdings and at the same
time confer boon of finestimable value upon
the city.
Business News and Gossip.
Yesterday was election day in Chicago, a
legal holiday, and the Grain Exchange was
closed.
Electric and Philadelphia Gas sold even
yesterday at 1875.
The pool that has been formed in Wabash
is now said to have commenced working Sc
riously to put the price up.
Governor RUSSELL of Massachusetts,, has
signed the bill restricting the height of build
ings in Boston to lbs feet This restriction
applies to buildings in process of erection.
The meeting to declare the "Big Four
dividend will be held June g. The regular
dividend will be declared on the preferred. |
No extra.dividend will be declared this year.
Two loans of money were made by indi- |
vidual capitalists yesterday at $40 per |
cent. |
Work has been resumed on a number of |
buildings in the Williamsburg district.
Semi-annual dividend payments due in |
Boston this month foot up 1926, 1882, q de- |
crease of 81, ,492, $40.
The American cotton crop is now figured |
at 5000 900 bales, or 800 900 larger than ever
before known.
The production of petroleum continues to
exceed consumption and the excess for the |
month of May Is figured at over 100000 bar
rels
The Chicago stockyards' annual meeting
will take place July 2. when it is expected a |
annual exhibit will be made
Seligman Bros. say that gold at present |
can only be sent abroad at loss.
The statement of the Bank of Pittsburg |
issued yesterday shows loans and discounts |
of 50, ASS, 734 O6; United States bonds 1888 900;
money on hand, $7A,0 ,0S3 81; assets, 1929
$50 a, and liabilities tie - the same; profits and
1t is understood that nearly all of the
Westinghouse Electric stock held here has
been assented. The total amount of stock
thus far surrendered is stated to be 79,54S |
shares-about so per cent of the whole.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
C. Laur, frame one-story kitchen, l3x15
feet, rear of Carson street. Twenty-sixth
ward. Cost, $50.
William NJ. Gosnell, frame two-story
dwelling, 12xA feet, on Boundary street,
Fourteenth ward. Cost, $780,.
Mary f. Kraurcope, frame two-story dwell
ing, lSx30 feet, on Yew street, Sixteenth
ward. Cost, S., 900.
John Hunler, frame one-story dwelling, 16x
82 feet, on Rosetta street, Nineteenth ward.
Cost, $500.
Patrick Finley, frame twostory dwelling,
1912 feet, on Stockholm street, Twelfth |
ward. Cost, $1,000.
Movements In Realty.
j. B. Larkin & Co. sold a property on At
wood street. Fourteenth ward, consisting of
4 lot 50xl00, with a two-story brick house,
for Mrs. Ida Mcssner, for $780,
John X. Ewing & Co. sold the property No.
Lamont street, Second ward, Allegheny.
FOR John Morton, to Peter Briedenbaoh, be-
ug a new two-story frame house of five
rooms, hall and attic, lot 20xl00 through to
Morrison avenue, for 81 500 cash.