Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-05
Improvement Deferred by Causes
Over Which Man Has No Control.
GLENWOOD LANDMARK PICKED UP.
Ground About to Be Broken for Two
Warehouses of the First Glass.
THE FEATURES OF LOCAL SPECULATION

apparent to the most careless observer and
thinker. Business is ready to move forward
at the first opportunity, but it cannot make
headway against the elements. But with all
the drawbacks the volume of local trade was
respectable, as the Clearing House returns
show. With the removal of temporary diff
culties there will be a quick improvement.
Good crop prospects and abundance of money
are encouraging factors.
Big Deal at Shadyside.
w. q. Stewart closed an important trans
action in real estate yesterday. He sold for the
Yoder Land Company lots 10 to l5 inclusive,
located in their Ardshiel-Terrace plan. on
Murray Hill avenue, Shadvside, adjoining the
Female College, for $4,000 The purchaser is
L well-known East End lady, and her intention
is to erect at once on this ground ten handsome
dwellings, costing in all between $4,000 and
100000.
Another Move at Glenwood.
The Blair Steel Works property, at Glen
wood, comprising between three and four
acres of ground, with an ironclad building of
little value, changed ownership during the
week at price sal d to approximate $4,000 1t
adjoins the tract &C quired few months ago by
the Baltimore and OHIO Railroad, which leads
some to suppose that the railroad company was
the purchaser. But a gentleman conversant
with the deal said yesterday that frebrick ma.
chinery was being delivered on the premises,
which led him to believe that the purchasers
were engaged in the iron trade and that they
proposed to repair the mill and put it in opera
ton. II has been idle for several years.
They Are Not Discouraged.
Two improvements of considerable lmpor.
tance will soon be under way. Mr.. w. L. Kaun
has succeeded in getting the tenants off the
property on new Grant street, near Seventh,
lately leased by him from Mrs. Schenleys
agent, and the work of razing the old buildings
will begin this week, weather permitting.
Plans for the new structure are ready. 1t will
be about the size of the BIndley building, ed
Joining. The other improvement referred to is
that of McCune q Bro., large warehouse on
Ferry street, between First and Water The
architect announces that he will soon be ready
for bids.
Land Values Maintained.
1t is worthy of remark that the depression in
business of which one hears more than he
sees, has not affected land values. They are as
firm as at any former period. This shows that
owners regard the present lull as only tempo
rary. So long as the working people evince a
disposition to become proprIetors instead of
renters, there is no danger of a reaction in
real estate. The constant accessions of acreage
show the existence of a demand sufficient to
maintain both interest and price. Some may
question the statement that values are as stiff
as when daily sales were numbered by the
score. but they have only to approach an owner
with proposition to purchase to find out their
error. Real estate is good stock in o growing
city like Pittsburg.
Bonds Have More Grip.
bond specialist says: transactions have
been light. At the same time the inclination
of the trading has been in the direction of
slightly better quotations. This tendency is |
shown in the flrmer position of many of the |
leading speculative and low-priced securities,
hlv nda Ac Eria Dc
New Albany consols. Mobile and Ohio As, and |
some other less prominent issues. State bonds |
have been quiet and Governments neglected" |
At yesterdays call 1l41S was bid for Panhandle |
rs, and l04 for Citizens Passenger Railway 5s. |
For Pitts6urs and Western As Is was bid, with
offers at so.
Another Brick Plant
George Sheedon, of St. Louis, has sold farm |
of l2O acre., situated few miles from Mead
vile, to Thomas Turner. of Braddock, and his |
brother. living at Butler. for IS, 900, or SIS an
acre. 1t is underlaid with fine quality of clay,
which the purchasers propose to transform |
into brick. They will begin the erection of the |
necessary buildings at once.
Business News and Gossip.
Building is slow, on account Of the weather
and impending May strike. 1t will pick up as
soon as these difficulties are out of the way.
J. c. Allies. of Allies Bailey, is home from a
is In time for the grip.
The Baxter Thompson q Co. excursion party
to attend the opening sale of lots at Sylacauga,
Ala, on the 9th, will leave this city on Tues
day evening next in a special car.
A $4,000 investment at Shadyside will give
that locality quite boost and no doubt stir
up business elsewhere. Such things are con-
tagious.
Financers we're in good spirits yesterday
over the fine record for the week. 1t is better
than in 1889 and not hopelessly behind 1890.
Charles Simmons will soon commence the
erection of two dwellings at Hazelwood.
There is talk Of converting the old Academy
building at Turtle Creek into a summer hotel
The Building Record.
During the past week 4S permits were issued,
representing SO buildings. l6 brick, sc frame and
l iron, the total cost of all being Sill 525. The
Nineteenth ward led with II buildings, followed
by the Thirteenth with9.
The number of permits taken out the pre-
vious week was 90 representing 81 buildings,
cost being s54.7O4. Number of build
ings for which permits have been issued this
year to date, 554. Yesterdays permits follow:
Mrs. II anley, frame two-story dwelling, lSx40
feet, on Romeo street. Fourteenth ward. Cost,
81 600.
John Fay, frame one-story stable, l9x26 feet
on rear Craig street. Fourteenth ward. Cost,
$40.
Richard Strohm. frame one-story kitchen,
l2xl4 feet, on Jancey avenue, Eighteenth ward,
Cost, SlO0.
Movements in Realty
George w. Biggs q Co., the Smithhelj street
jewellers, sold for $1,000 cash each, two houses
on Webster avenue, Heron Hill.
Baxter, Thompson & Co. sold the property No.
95 Center avenue, Eleventh ward, two-story
Alley, for $1,000 cash.
Raj !
stone front dwellings on Boquet street. prop
erly known as Oakland square, for a price ap-
proximating $4,000. The purchaser was Mrs.
E. /. Crawford, of Allegheny, who will make
his house her future home. This leaves only
three of these elegant dwellings unsold. They
also sold to Michael Tumey lot No. a in the M.
G. Arthur plan, Oakland, In size 25xl00 feet,
tor S400 cash.
L. +. Schaffuer sold to Olive Kirk a frame
house of four rooms with lot 25xl57. on McLain
avenue, Thirty-first ward, for 81, $50 cash; also
old for George Nevergold to Mrs Fradericka
.5xll4 on Climax street, Thirty first ward. for
$3.50 cash: also sold for Margaret Wilbert to
Gustav Danenhauer lot 25x6S, on Climax
street, Thirty-frs ward, for S3SS cash; also sold
% Elizabeth NUM- lot 25x62, on Proctor alley,
rhrty-irst ward. 1Or S3S7 cash.
Allies & Bailey sold for Peter A. Schwartz to
Thomas L. KERN, No. 10 Lombard street, a new
prick dwelling of six rooms, bath and finished
lttic, lot 22xl25 feet, TO l0foot alley side en-
rance, for So, $50.
John K. Ewing & Co. sold for J. B. Fitz-
williams TO Joseph Hamilton a twostory frame
house of four rooms, with lot 25xl15, on Hem
ock street, Avalon station, Pittsburg, Fort
Wayne and Chicago Railroad. for sl.so0.
g, A. Saint sold 10 g. NJ. Bell two lots in the
Baum Grove plan, 40xl03 feet each, on Am Der
md Saint CLAIR streets, for 81 $50
Howard Brown sold for Theo. Daub lot 20x
90, with a brick house of five rooms, n o. Al
Veto street, Allegheny, to William Kidd for
1000