Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-24
A GOOD MOVEMENT
In Nearly All Business Lines, With
Stocks Quite Bullish.
MORE BUYERS THAN SELLERS.
Demolition of Federal Street Buildings to
Make Room for Modern Ideas
SEVERAL NEW DWELLINGS UNDER WAY

Workmen were busy yesterday tearing
down the old building No. 1856 Federal
street, Allegheny, which, with many others
on that thoroughfare, has survived its use.
fulness. 1t will be replaced by a large and
handsome business structure. Nos. 18S and
100, adjoining, will also be demolished and
replaced with modern business houses.
These signs of progression on Federal street
are refreshing.
| Rehectorville, on the Castle Shannon
Railroad, is progressive place. Between
| u and Is houses have been erected there
this season, and the Methodists have Just
| commenced a handsome church, which they
expect to finish and occupy this year.
1t is too much TO hope that Deacon
Whites failure will be the signal to whistle
''down brakes" on the speculative craze and
recall the plungers TO their sober senses.
But whether the Deacon's trouble have this
effect or not, it cannot escape attention that
the solid business OF the country is going
forward in utter disregard of Wall street
flurries and Chicago booms. And there is
good reason for this. Business is in better
the other side of the ocean there are short
crops; on this side they are immense. On
the other side there is a panicky feeling
over money matters; on this side there are
ease, confidence and quiet, with an abund-
.ance of money to m ct all legitimate de-
mands. This country is well off. 1t has
been gathering strength, confidence and
courage for nearly year. and is now
thoroughly prepared for forward move
ment. All the big and little industries are
in good condition. All the railroads
are making money, and are buying
Europe. the amount in sight to date being
nearly 81 200, 900. Between $40 0G0, Geo and $59,
100000 more will come Backed by these
powerful influences business will continue
to expand. 1t may be embarrassed by spec
ulative exigencies, but being firmly rooted,
it cannot be seriously injured. Confidence
in a continuous commercial and industrial
wind that blows from the speculative cen
ters.
William Freeman, who is prominent in in
surance circles, has purchased a residence
property fronting the new NJ Z. Church, on
South street, Williamsburg, for $780, and
will occupy 1t in short time. The lot is COX
1872. The house is a comparatively new two
story brick.
Business News and Gossip.
Boston is not so bullish on Electric as it
was.
At the last call yesterday Birmingham
Traction was offered at TX and Duquesne
at 1875. For Manchester 81 was bid.
The stock dividend which, it is said, the
Baltimore and Ohio will soon declare is, ac-
cording to the last reports, to amount to %
per cent
Mr.. j. NJ Forse is erecting handsome
Beechwood Park plan, Twenty-second
ward Mr. Philip Eichenlaub is building one
in the same plan, ON Denniston avenue.
Both will be finished this year.
Pottsville, Pa, will vote at the next gen.
eral election on the question of bonding the
city $50 900 beyond the legal limit for sewer
purposes.
ties of the Chesapeake Il Ohio road will be
listed in London at an early date.
The Birmingham Land Improvement Com
pany's auction sale of lots in South View
place, on Southern avenue, Southside, will
begin at 10 O'Clock this morning. The rap
idity with which the Southside is being
built up is attracting general attention.
Jacob Hughes, John Beatty, Mr.. 1ngles, of
Brahdock, and L. d. Harlow are building on
Hill street, Williamsburg.
The Central Hotel deal was consummated
yesterday by the delivery of the deed to the
purchasers. the Messrs Kaufmann.
William NJ. Bell, the real estate agent of
McKeesport reports that about $50 lots were
disposed of at the opening sale of the Evans
estate plan. The central location of the
property makes it very desirable for homes.
Sales continue this week.
Home seekers should remember the auc-
tion sale OF lots at Glenwood this afternoon
by Samuel w. Black & Co. The Second Ave-
nue. Electric Railway bridge, which is being
built across the river at that place, will GER
tainly enhance the price of properly in that
locality.
on call PENNSYLVANIA Plate Glass bonds
were offered at %.
On October 26 the stockholders of the Pitts
burg Shoe Company will vote on the propo-
sition to issue $25 0C0 preferred stock.
The Manchester electric road was finished
Yesterday, and cars will run regularly to-day
unless something unforeseen happens.
Movements in Realty.
S. A. Dickie & Co. sold for Levi Close to the
Sterrett School Sub-district, Twenty-second
ward, a piece of vacant ground on the corner
of Linden and Edgerton avenues, 50 3-lOxI20
feet, for s3,050. A substantial brick school
house will at once be erected on these
premises.
Bailey & Moon sold to Jacob Hughes lot
6oxl5O on Hill street, Williamsburg for 81, $50;
also sold four lots in Reflectorville for $500
each.
Black & Baird sold for William Maxwell
to L. r. Thomas the property No. sl4 Wylie
avenue, being two-story brick dwelling,
with lot having frontage of ls15 feet by d
depth of 100 feet to an alley, for S26OO.
W. A. Heron & Sons sold lot 24xl0o feet
on Madison avenue, Thirteenth ward, Just at
the end of the Central Traction road, for
$3.50
John X Ewing & Co. sold for Thomas J.
Carroll to F. w. ROLAND a vacant lot 20x60
on Island avenue, Eleventh ward, Allie
gheny, for 1915.
Charles Somers & Co. report the following
additional sales of lots at Blaine; W. W.
Wilson. Sewickley. Pa, lot A. in block 8, $500;
Felix LutZ and wife, Redman Mills Pa, lot
46, i'll book 49, S400; John NJ. Kapp and wife,
Rednan Mills, Pa, lot IS, in block 13, S4OO;
block l3, S400; Christian Bolander, Elizabeth,
Pa, lot l. in block 5, $3.50: Mrs. Marry A. A.
McGrau, city, lot Sc, IN block l2, $3.50; Harry
Monott, Jr.. Homestead, Pa, lots and 6, in
block lS $500 for both.
\. 2. Byers & Co. sold for the Ridgeview
Land Company to DIR. L. j. Kuechler lot No.
s. in their plan, Eleventh ward, Allegheny
City, on the line of the California Avenue
Electric Road, fronting 4S feet on California
avenue and extending through l60 feet to
Massachusetts avenue, for s., COO
Reed b. Coyle s. Co. sold a fine residence
site ut Cra fton F., C., c. Il st. L. II. r., being
lots Nos. u and l3 in the Grafton Place plan,
l20Nl50 feet on Margaret street, for 81, l90
Baltenspcrger & Williams sold for III. H. |
Wilson, to a. J.. Watkins, two lots, 24xlO0 |
each. on Arch street, East End; also three |
s., 100.
a. J. Pentecost sold lot No. elS, with a |
small frame house, in his Valley View plan, |
CHARTERS Valley Railway, for $500.
w. A. Heron & Sons sold lot, 24N100 feet, |
on Madison avenue near Thirty third street, |
Thirteenth ward, for $500 cash. They also |
delivered to George Goode the deed OF lot, |
lN+1n0 nr1,,a 49,.