Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-21
POINTS IN REALTY.
Condition and Outlook of The Market
For The Rest of The Year.
A NEW ELDORADO IN THE WEST.
Some Encouraging Features in Local Specu.
lation, and no Bad Ones,
OFFICE AND STREET NEWS AND GOSSIP.

Real estate brokers and dealers without
exception, so far as known, entertain san
guine expectations of a large business the
coming fall. The summer lull has whetted
the appetites of buyers and steadied the
market 1t is not likely that there will be
much change in values. They are strong,
and will remain so. About the only excep-
tions will be in the cases of owners of lots
pressed for money by reason of the strikes.
Business properties present firm front.
Their comparative scarcity in desirable
localities puts buyers somewhat at the
| mercy of owners. The trend has been up
ward for several years, and there is nothing
in sight upon which to base anticipation of
a reaction. Rapid transit while proving
| an important factor in building up the out
| skirts has also been q boon to buyers. 1t has
| opened up all the districts around the city.
| Formerly the buyer was restricted in his
| choice of location to the East End or the
Northside, but now he has wide field for
selection, and if he cannot secure terms in
one place to suit he can go to another. This
competition has restraining influence upon
owners of suburban properties. From these
and other considerations which will occur
to the reader, it is considered safe to say
that values will remain at about their pre-
sent level during the remainder of the year.
Next year the country will experience the
full effects of the big crops, and values may
swing upward.
A New EIdorado.
Reports are coming in of large finds of
gold in Middle and Western Washington
and also in Colorado. Neither region has
been fully explored. The former is being
rapidly populated. and while the latter has
been long settled the population is drift
ing one. The mining spirit has been de-
voted almost exclusively to the production
of silver, and the undeveloped portions of
Colorado have beer neglected. An expert
states that this region contains free gold
ores capable of yielding, generation alter
generation, many times the yearly output
of California. 1t is believed by the best in
formed men that it will be turning out $780,
000, 600 of gold per year within the next ten
years; ,, II these reports turn turn out put to be true
creased. At present it hardly reaches $40,
600, 900 per year.
Business News and Gossip.
People living out Second avenue are
clamoring for all night cars.
1t may turn out that the abandonment of
the electric road through Knoxville was pre-
mature. The place is growing.
Good property near the head of the new
Castle Shannon incline is held at or slightly
above Oakland figures.
Immense purchases OI gram are Sdlu 10
have been made by Berlin operators in the
American market in the last week.
The Baltimore and Ohio is said to have sue
ceeded in buying a right Of way through
Jersey City.
1t is said that Paris operators are buying
American AZ per cent Government bonds in
the English market, for shipment to America
to avoid sending gold in payment for wheat.
bank on Fifth avenue has $3.50, 900 piled
mn ho w n fn Hn wi
This offsets n great deal of the beariSh talk.
Ties for the Schenley Park branch of the
Second avenue electric railway are being
put down on Winterburn avenue.
New York was active and firm yesterday
for the most part. Sugar Trust advanced on
heavy buying. London was lower.
Chesapeake and Ohio dividends are being
figured out by interested Cincinnati stock
holders.
The Whisky Trust has advanced the price
of whisky cent per gallon.
Northern Pacific statement for June is
made up and will be published in few
days. The statement for the year will show
a surplus above fixed charges of about
$45O00J.
This week will be one of the best in the
year in the building line. Permits for an un-
usual number of important Improvements
have been taken out.
q. f. Golestrohm has sold a tract of land in
Miflin township to A. S. Foster for 5000.
Movements in Realty.
c. II. Love sold a property on Fillmore
street, Bellefield, near entrance to Schenley
Park, lot 50xll0, with two-story brick
house, for c. L. Reno to c. C. Brock, for
$1,000
Black & Baird sold to r. P. Douglass for E.
J. Evans lots Nos. s. and in the j. III. Will
lock plan, Hazeiwood, 6Oxl00 feet, for 5000.
Reed b. Coyle & Co. sold lots Nos. LII and
lis in their Glenmawr Park plan, at Hays
ville Pittsburg, Fort Wayne and Chicago
Railway, fronting 30 feet on Merwyn avenue
by Ito feet on Park way, for $3.50.
John X. Ewing 6 Co sold for John A. OFT
man to NJ. Herman IL two-story brick house
of four rooms and attic, with lot l6xG6 on
Walker street, First ward, Allegheny, for
sl,sO0.
A. Il. Byers Co. sold for Otto J. Heine-
man to A +. Leslie lots Nos. ll9 and l26 in
the Northside Land Association UiniiteG)
plan, borough of West Bellevue, Pittsburg,
FE Wayne and Chicago Railroad, tor $500.
joss, being No 81 i'll the City View plan of
lots, Allegheny, for $500.
The Burrell Improvement Company re-
port the following lots as sold at Kensing-
ton: August 2oewer, Pittsburg, lots 81 and
S3 block >, $3.50; Oeffner & Welker, Home
stead, Pa, lot 81, block Z, $4SS l5: james Con-
nor, Allegheny, lot D, block l. S1i3 10: George
W. Goldinger, Tarentum, Pa, lot los, block
Z, S43l % cash.
The Building Record.
Permits for the erection OF the following
buildings were issued yesterday:
Mrs. Belle List, two frame two-story dwellings,
on Albert street. Thirtysecond ward: cost s. OOO E.
b. Haworth and $. W. Tenar. two frame two-story |
dwellings, on Hardwood avenue, Twenty-tnird |
ward; cost, $3.50. A. kirkpatrick, frame one |
story wagon shed, Penn avenue Twelfth |
ward; cost, $40. James A. Dodd frame addition, |
on st. Ciar street, Nineteenth ward; cost 500. |
Kelly, frame two-story dwelling on Kelly |
street. Twenty-irst ward cost, 81, 800. NJ. 4. Nc
Lain, frame addition on FRANCIS street. Thirteenth
ward; cost Sl5o. Frederick ttercck, two frame |
two-story dwellings, on I.arkins alley, Twenty
fifth ward; cost, s., GOO. John d. O'Conneli frame
three-story dwelling, near Forbes street. Four
tcenth ward; cost. Si.GtO. j. x. VOskamps, brick
apartment house. on Washington street. |
Fifth ward; COST Sli, Co., singer. NimIck & Co..
iron one-story rolling mill, on West Carson street.
ward; cost, s., 9C0 George T. Oliver
brick addition tO dwelling on Roup street. Twenty
second ward: cost. a. co. Thomas Malady frame
two-story dwelling, Oh Lytle street, Twenty-third