Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-12
TRADE OF THE WEEK.
Pittsburg Beginning to Show Some
thing Like 0ld-Time Activity.
A GOOD RECORD FOR LAST WEEK,
Speculation Sluggish but Better Feeling
and Stronger Values.
INSIDE POINTS IN REAL ESTATE

There was further Improvement in fnen-
cial and general trade circles the past week.
railroad earnings were large. There was a
Detter feeling in the iron trade. Two months
ago rail manufacturers were in distress over
their business; they are now full of orders.
In the language of q correspondent: LAS
result of heavy crops the West is indulglng
IN bright dreams of good prices and plenty
or business. The mass of the people are
busy, production and consumption were
never more evenly balan ced, and the bust
ness men of the country were never more
nearly out of debt This is a good founda-
tfon upon which to build.' Building oper-
atoms were resumed with great v1gor, and
Will be pushed with unwonted energy dur
ing the next three or four months. Inc
banks were we'll supplied with funds to en-
courage and assist new enterprises ana
strengthen old ones. Bank clearings were
the largest OF the year, and collections were
easier.
A Profitable Deal
About two years ago Booth & Finn pur-
chased so acres of land bounded by Negley
and Stanton avenues and Rebecca and Black
streets, Nineteenth ward, paying $1,000 an
acre. One object Of the purchase was to ge
rid of some of the principal objectors to the
Improvement of Stanton avenue. They sub
divided the track and commenced the erec-
pleted and sold. Work is progressing on
the remainder. As soon as they are finished
90 OF 100 more will be commenced. Although
the transaction was partly compulsory,
great deal of money will be made out Of it.
The purchasers were convinced that that
part of the city would soon be in demand for
residence purposes, and although they had
no clear conception of what disposition to
make OF the property when they bought 1t,
they willingly took the chances. The result
demonstrates their wisdom ana rewards
their confidence in Pittsburg real estate.
Well Posted In Business.
Few men in Pittsburg take more interest
in business affairs than Father Mollinger.
Were he not churchman he would no doubt
be conspicuous as flnancier. He is espec-
tally well posted in real estate and no i'm
portant deals escape his notice. What he
does not know about Troy Hill property
would make very small book. A number
of profitable turns have been made on his
advice, which is frequently sought by mem
bers of his church in quest of homes. 1t is
understood that Father Mollinger is a large
stockholder in two of the local natural gas
companies.
The Cherry Alley Boom.
The statement in this column few days
ago that nearly all the property in Cherry
alley that changed hands last year was again
on the market, has given rise to consider
able comment in real estate circles. Some
doubt having been cast on the legitimacy of
these transactions, the following list is given
with names and prices. 1t is strictly reliable:
Property. Price.
Oak alley church property, sold to J.
LAUDER Welsh $40, 600
Seventh avenue and Cherry, Cooper
Baird ....................... $4,000
Seventh avenue and Cherry, Leonard
property, 60xl0o sold to Mr.. Mahood. 5000
Cherry alley, Leonard property, 36142
sold to Mr.. Boards. observation-disclosures. $500
Cherry alley, Leonard property, 36x42,
sold to Mr. Ewart. .................... 5000
Cherry alley, Joseph Newell property,
20x69 sold to Black & Baird ......... $500
Cherry alley Mrs. Mullen, 20x761a, sold
TO Black s Baird d.................... 1900
Cherry alley, Catherine Heller, 30x40,
sold to Black & Baird. d............... $500
Cherry alley, Mr.. Ochse, 22x67, sold to
Black s Baird. .................. 1900
Cherry and Sixth avenue, Dr. DAILY, 20x
go, sold to Black & Baird ........... $1,000
Sixth avenue and Cherry, DR.. Baton. $4,000
Cherry alley, Ed Kelly, 36x42. ...... $500
Montour way, rear of Cherry alley,
y Passavant Church property, to Tele- -
phone Company y-....-..................5 5S 900
Mrs. Smiths property, to Black 6
Strawberry alley, three doors from
Cherry, ,36x100, r. McEldowney's prop
erty, to Black & Baird. 5000
Avery bequest to African Church,
Cherry and Virgin. Observation-Disclosures. 80 600