Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-11
ANENT HOTEL SITES.
They Are Very Scarce and Held at
High Water Mark Figures.
THE KIND OF BUILDING NEEDED.
southsiders Cheered by Prospects Of Better
Transit Facilities.
AN INVESTMENT OUT FIFTH AVENUE

AN INVESTMENT OUT FIFTH AvENUI
There is no disputing the fact that Pitts
burg needs first-class hotel, one equal t.
the best in Chicago or St. Louis, costing
81, 900, 900 or more. But barrier arises Al
the very threshold of such an enterprise
It is difficult matter to find q suitable site
for building of the required size. Two ol
three hotel syndicates have been looking fol
site for year or two but have not beer
able to find one that was entirely unobjec
tionable. The trouble in nearly all cases il
that the lots are too small When large
enough the price is so steep as to prevent 6
deal
A brief survey of the field will show that
this trouble has not been over-estimated.
There are only about half dozen sites that
are large enough and central enough tc
answer the purpose. These are the Speel
property on Duquesne way, the Christ
Church property, the Splane corner, the
Smith property on Liberty and Sixth, the
block on Fifth avenue above Cherry alley
and the Government property. All of these
have been under consideration, but they are
held at s1ch high figure as TO discourage
negotiations. There are good sites above
Grant street, but they are out of the current
of travel, and do not enter into the question.
And so the matter rests.
That such hotel as has been described
will ultimately be erected is foregone
conclusion. There is demand for it, and
the demand will be met, but when or where
| it will be built is pure conjecture. A good
many who have studied the subject favor
| the Fifth avenue site, provided the church
property could be purchased. Others think
the corner of Liberty and Sixth the best
| location. Either of these sites would fully
| answer the purpose contemplated. Each of
| the others mentioned has its advocates, but
with the exception of the Splane corner,
| they are not central enough to suit the ma
iority Of people. The splane, property
lacks sufficient frontage on Smithfeld street
Cor building of the requisite dimensions,
and so is practically out of the list.
What the promoters of the various hotel
projects propose to do is locked in their
own bosoms. 1t is not likely that they will
abandon the guest. There is too much in
volved for that. The necessity is too urgent
to permit of backward step. After full
consideration it appears that the best thing
to do under the circumstances is to purchase
a site at once before owners strike higher
kew. 1t is almost certain that values will
be advanced next year. Delay, therefore,
would give plenty of time for the erection
of a building to accommodate the Repub-
lican National Convention next year, or
any other that might be induced to assemble
here.
southside Locomotion.
The statement that the rapid transit sys-
tenn of the hill district on the Southside is
to be extended is of great importance not
only to the people of that district but to the
entire community. 1t will open up large
territory to settlement, afford good outlet
for thickl;t populated quarter, and in this
way be a dirass benefit to the home-seeker.
There is nA better residence location around
Pittsburg than is emb. aced in this hilltop
district 1t abaun asi in every gift of nature
calculatsa to make home life enjoyable.
All that il needs to make it 'blossoIa like
the rose" is adequate transportation. This
is more than foreshsdowed. All of the
schemes under consideration are in enter
prising hands and have ample financial
backing.
A Sale on Fifth Avenue.
The property sos Fifth avenue, near Mil
tenberger street, consisting of lot 24x12O
and three brick houses, two on the front
and one on the rear, was purchased yester-
day by q well-known hotel man as an in
vestment for SIC, 900. Property on this
avenue above the Court House is held very
strong, there being little of it on the
market.
Business News and Gossip.
West Enders continue to agitate for rapid
transit and expect good results to follow.
The authorities of Edgewood are consider
ing ways and means tor lighting the borough
with electricity. Council has appointed a
committee to work the matter up.
1t is now denied that the Junction Rail-
road was represented by any of the bidders
for the Government property.
Andrew Caster yesterday sold 81 200 ALLIE
gheny County Light bonds at 103 and in
terest.
At the annual meeting Of the Pittsburg
and Birmingham Passenger Railway Com
pany yesterday the old Board of Directors
was reelected.
The annual meeting OF stockholders of the
Second Avenue Electric Railway Company
will be held on Monday next at p M A
good financial statement is expected.
Street talk yesterday was to the effect that
negotiations between the Pittsburg and the
Duquesne Traction Companies had been dis
continued
The gold import since September II has
been S23, 152, ,725.
The Peoples Saving Bank has declared q
semi-annual dividend of per cent
A. P. McGough has sold to Lizzie Reed a
residence property in the Fourteenth ward
for Sc, 500.
Mover ents in Realty.
George Schmidt sold for E. 6. King six
roomed brick house, with lot 22xl2O on Lom-
bard street, to A. Goldman, for IS, ,750
Ira NJ. Burchfeld sold for H. Dansey to J.
ated on the corner of Kansas and Lowry
streets, Hazelwood, Twenty-third ward, for
s., 500 cash.
j. H. Coleman & Go. sold for James c. Kel-
ley a lot e5x721S, on Kirkwood street, Nine
teenth ward, for 81 $50. The purchaser is a
well-known contractor of the East End.
Charles Somers & Co. report the following
additional sales of lots at Blaine: Nancy S.
r obinson, Parker City, Pa, lots So and Sc, in
block II, $500 for both; Clarence Miller, South
Witchcraft and Phil Gardner, Washington,
Pa. lots 10 and 20 and one half of lot 81, in
block Q, $1,000 for all; P. R. .seigfreid c;ty,
lot 95, in block g. $400; John Altland, South
holds, Allegheny lot g, in bio 6icc1 X s. :, $50
David Reichard, Titusville, Pa, lot e3. in |
block u, $3.50: v. Massalina, city, lot IS, in |
block s. $500; Philip Roger, York, Pa. lot 90,
ing. w. Va, lot 81, in block 8, $3.50.
Black Baird sold tn j. j. Williams lot |
No. 20 in J. Walter Hays Kenilworth Place |
plan, Thirteenth ward, fronting SO feet on |
Clarissa street r by depth OF 100 feet to an |
Bsltensperger Williams sold for B. j. |
Williams and George H. Hershey to Charles |
Willstein, u new five-room frame house on |
Belonda street. Mt. Washington.
ha Rurre11 ImnrOvament C0rnY,anv |