Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-01
CITY REAL ESTATE.
Consummation of Three Important
Deals in East End Acreage.
CAPITALISTS SHOW CONFIDENCE
In the City to the Extent Of Nearly Three
Hundred Thousand Dollars.
LARGE PROPERTIES HAVE THE CALL

| The bare statement that the real estate
market is active amounts to little; but when
supported by hard facts in the way of sales
there is no ground for disputation. Three
| transactions were consummated yesterday
| aggregating $245,000. They are among the
largest of the year, and are important not
| alone from the amount of money involved,
but as we'll and chiefly from the results
which will follow to the localities where
the properties are situated.
The first of these in importance is the
Shannon property adjoining Highland Park
on the southwest, containing in the neigh
borhood of 20 acres. 1t was sold to a SYM
dicate composed, as understood, Of Messrs.
Howley, Steele and others at present un-
known, for $1,000 1t will be plotted
and put on the market at once. This sale
confirms the statement heretofore made
that heavy capitalists are devoting consid-
erable time and attention to this district,
and are picking up large tracts whenever
opportunity occurs. In this connection it
might be remarked that the John Fite
property, just opposite the above, is on
the point of changing hands. the city being
the probable purchaser. 1t is held at about
$50, 600
The next important of the three deals
was the transfer to Eastern capitalists of the
Schoonmaker property in the Nineteenth
ward, having frontage on Hays, Mellon,
st. Clair and Euclid streets of about 1000
feet by $50 feet in depth. The considera-
tion was S65, 900. The purchasers, who have
abundant means, will make elaborate i'm
provements before putting this property on
the market.
Tho third froneoot;on uac tbot of the
Fried property in the Twentieth ward. It
has frontage of 400 feet on Howe street
and $50 on Walnut. 1t brought S20, 200.
This sale was made through the agency of
Moreland & Haas. 1t will be subdlvlded
and put on the market as soon as possible.
Special Features OF Trade.
Eight permits were issued yesterday for
the same number of improvements, aggre-
eating S. 290. the greatest value being 81. 400.
After the last call yesterday small bunch
of Central Traction stock sold at 31lI.
The Westinghouse people in Boston assert
that the recent buying OF the companys
Thomson H custom people, and that the pros
pect for Il consolidation fthe two companies
does not improve at ALL
On Change yesterday IS cents was bid for
Motolina mining stock. 1t was offered at
81 25. The par is 81.
Interest on the following bonds, due
to-day, will be paid by the Fidelity Title and
Trust Company: PittsDurg Traction Com
pany, Masonic Fund Society, Warren Water
Company. East End Electric Light Com
pany. Western Pennsylvanin Exposition
Company, Pittsburg Allegheny and Man
chester Traction Company, Braddock Elec-
trio Railway.
been purchased on Carson street, near
Fifteenth for six-story apartment house.
Such houses are needed in that quarter OF
the Southside.
The coupons due to-day on the bonds of
the New York and Westinoreland Gas Coal
and Coke Company will be paid at the office
OF Whitney & Stephenson. Fourth avenue.
The Pennsylvania Railroad is enlarging
its yard facilities at Bessemer and Brlnton.
There is something in the talk of sum-
mer hotel at Edgewood. A prominent rail
road man is interested in the scheme.
What Brokers Are Doing.
Yesterday was a red-letter day in real
estate circles. With such facts to judge
from it would be straining the point to call
the market dull.
W. Mitchell has sold to William Goldie
residence property, good brick house and
lot 52xl9o on Trenton avenue Williamsburg,
for Sc 500.
The following transactions were reported
Reed B. Coyle & Co. sold for ]. G. Dick the
property corner of Penn avenue and Beatty
street, Twentieth ward, consisting of Il lot
00AlV8 leeD WlGn SeVeTdl Dulluln2S, 1Or 9ll
The purchasers are considering the erection
of a building to cover the entire lot for fiat
purposes.
Morris & Aisbitt sold to Scott Flower two
lots in Piermore place. Grafton, Ior 81 500
cash.
j. c. and A. Allies sold for Mrs. Miller
two-story frame house OF six rooms, No. 1914
Harcum's alley, for e 100 cash.
Black & Baird sold a two-story frame
dwelling, being No. 70 Stewart street, with
lot 24149 feet, for 81, $50 cash.