Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-10
DOUBLING .TH0MASES.
A Transaction at HazelWood Which
Resulted in a Nice Turn.
GROWTH AND VALUE ABOUT A TIE.
Deals in Business and Residence Properties
Brought to Head.
OFFICE AND STREET NEWS AND GOSSIP

Another transfer of downtown business
property is to be noted. The Hawkins
Bros. have purchased, as an investment,
from Mrs. Mary Mckee and Mrs. A. c.
Dravo, No. 102 Second avenue, lot 20xSO,
with n brick three-story warehouse, for
$4,000
Mr.. David Carlin has sold his property on
Crawford street, lot 24113O, with two-story
mansard pressed brick dwelling, to Mrs.
Annie Lowrie for SC, COO. Mr.. Carlin will locate
In Jeanette, to which place the Berlin Iron and
Lead Works. of which he is manager, have
been removed.
Z. l. Beeckman, Secretary of the Larlmer
Land Improvement Company. recently organ
Ized, said yesterday: 'Surveyors are at work
on the ground, and will finish in few days.
The lots will be on the market by the middle of
May. One of the managers of the Pennsyi-
vania Glass Works. adjoining this property,
says 200 houses will be needed this summer to
supply the people employed there"
Doubling Thomas at Hazelwood.
Some two years ago Messrs. Reed B. Coyle &
Co. purchased 20 acres of hilltop land at Hazel
wood for about 81 ,0G0 per acre. The ground
had been plotted by Others who took what
they considered ''nice turn" and sold out.
The knowing ones in that neichborhood
thought Coyle would never get his money back,
and predicted all sorts of trouble and disaster.
In June, 1889, the first lot sold, and by June
of last year the firm had nothing left of the
original plan but few scattering lots and
surplus of anywhere from $4,000 to $4,000.
Last year a new purchase was effected, and the
second Marion Place" plan of lots was put on
the market, with about the same results. Prices
have advanced fully SO per cent, and the gen.
tlemen who at first predicted failure now claim
that Mr.. Coyle made his mistake in not holding
on TO the ground. as the numerous industrial
plants located at Glenwood and Hazelwood
within the past year have very much enhanced
the price of land and completely absorbed
everyt hing south of the Baltimore and Ohio
Railroad tracks.
A singular feature Of this story is that at
least six of the dou btIng Thomases have bought
lots in the Marion Place" plan at the rate of
s., 900 per acre. and they were glad to get them
and then walk up hillside that at one time
they regarded as goat pasture. And so 1t
goes. The materia! growth OF the city and
rapid settlement of the outlying districts are
sufficient reasons for the gradual hardening of
land values There is nothing to show that
buyers will gain anything by waiting. Any
concession is matter of conscience with
owners.
Business News and Gossip.
The prospect of the completion of California
avenue by fall is bringing out an active demand
for acreage in the district through which it
passes.
This has been the best week of the year in
the building line. The interest displayed by
capitalists hitherto lukewarm in this matter, is
worthy Of note.
Oil men are not altogether discouraged.
Business is stasnant but the hope is enter
tanned that the recent change IN the manner of
trading will eventually bring grist to the mill.
Statements just issued show the German
National Bank of Allegheny to be one of the
most prosperous financial institutions in the
country. The management is safely conserva-
tive,
Spring repairing and cleaning are in full
swing. Scores of houses are being repaired
and frightened up. and the song of the gar
dener Is again heard IN the land.
The largest Of Sc mortgages on the Recorders
file yesterday was for $500. Fourteen were
for purchase money. Each of l6 was for less
than 81. 600.
'Rea Bros. & Co. are fitting up their perma-
nent offices in the Exchange building. They
will be very handsome.
A. j. Lawrence d Co. will be established at
"a Fourth avenue on and after the 10Th inst.
Thompson Co. scnoped in l00share.lot of
New York and Cleveland Coal at 372s
A. z. Byers Co. have refurnisned their
Office 80 Federal street, where their old friends
and patrons will be welcomed.
Stocks were strong and active in New Y Iork
and London. The bulish feeling is growing.
The Building Record.
Permits for the erection of the following i'm
provements were issued yesterday:
p Franzmann, frame two-story dwelling
2lx40 feet, on Euclid avenue, Nineteenth ward
Cost, 81, 800.
William Ledley. frame two-story dwelling,
lSxl6 feet, on Kaercher street, Twenty-tnird
ward. Cost, SS75
Jacob Otr, frame one-story washshed, gxl4
Cost, SIS
dwelling, 5x L feet, on Carver street, Twenty |
first ward Cost. sl00.
W. j. Early & Son, Ltd. frame one-story
as13 on: feet s0 on Sarah street. Twenty
Enoch Ewgenton, frame addition, one-story |
dwelling, l4x2S feet. in Gazzam plan, Four |
teenth ward. Cost, 500.
Movements in Realty.
G. A. Saint sold to Perry o. Laughner, of |
Oil City, lot No. 2l9 in the Baum Grove plan, |
fronting 40 feet on Amber street by lilo feet |
feet deep to 2O-foot alley for 81, 200 cash. The
purchaser will build at once.
]. Z. Reilly sold for Mrs. d. W. Stewart to |
John White, a two-story frame dwelling ON |
Logan street, Sewickley, lot 40xl25, for s., ,0O0
Reed b. Coyle & Co. sold lots Nos. l44 and l45 |
in their Marion place addition. fronting 80 feet |
on Speer and Gladstone streets, by l3O feet in |
depth. for $500. |
Black & Baird sold to James G. Storer a lot |
on the south side of North street, Wilkins |
burg near Hays street. 2SxlS2 feet, for $3.50 |
cash.
A. Leggate & Son sold lot 2OxlOO, on OBJ |
Hill, Allegheny, for 81, ,C0O
NJ. F. Nipple Co. sold to NJ. Japowski lot |
in the Dick plan, situated Ill the Thirteenth |
ward. 2Oxl50 for $500
S. A. Dickle & Co. sold for ]. o. McMenn to |
Mrs. A. Miller, an improved property on May |
flower street. lot 22xl0O feet. with a new two |
story and attic frame house with all modern |