Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-13
FEATURES OF TRADE.
Office Buildings in Pittsburg Slowly
Gaining in Popularity.
CELLARS STILL In BAD REPUTE.
Local Stocks Well Sustained, With fractions
... as the Main Issues.
OFFICE AND STREET NEWS AND GOSSIP

1t has not been many years since 1t was
next to impossible to let upstairs rooms in
Pittsburg fer business purposes, especially
of a retail character, and this prejudice
still prevails to considerable extent, but
is being gradually overcome by the scarcity
of business stands. People are glad to get
rooms almost anywhere.
Office buildings were suggested and
brought into use by large corporations to
enable them to concentrate their interests.
Such was their beginning in Pittsburg.
Expedition and economy were the results.
The idea was adopted by others, and soon
became popular, especially in districts of
contracted business area or where land was
held at exorbitant figures. 1t needed no
words to prove that it was cheaper to build
IN the air than on the ground. This is a
strong argument for office buildings in
Pittsburg. Central real estate is not only
expensive but is in limited supply.
In a talk with Mr.. D. P. Black on this
subject yesterday, he said: "Ofice build
ings are growing in popularity in this city.
their advantages If all the Office buildings
here had been built at once they would have
been failures, at least for long time. But
going up one by one at intervals of year
or more, the people became accustomed to
them. Pittsburg can easily stand one large
office building year; more would crowd
the market"
There are between % and 80 exclusively
office buildings in this city with elevator
service, and all of them are full or nearly
so. Several others are under consideration,
but it will be year or two before any of
them will materialize. Cellars are in as
much disfavor as ever. 1t is difficult to
rent them for anything except barber shops
and restaurants. This is another prejudice
which is peculiar to Pittsburg In many
cities cellars are in demand for high-grade
business, both wholesale and retail
Yesterdays Building Permits.
Yesterday was another good day in the
building line. Eleven permits were issued
for "a improvements, aggregating in esti-'
mated value $50, 475 Important ones were:
Murray Werner. Ii brick dwellings on Dear
born and Conrad streets, Nineteenth ward,
S21 900; William Baird, brick dwelling on
Stanton avenue, Nineteenth ward, $1,000;
II. J, Orth, brick dwelling on College ave-
nue., Twentieth ward, $1,000; John Seibert,
frame addition on North street, Seventeenth
d
on Fifth avenue, Fourteenth ward, s., 200.
Special Features of Trade.
Manchester Traction yesterday reached
the point for which it was slated last week
45, with no signs of weariness.
George B. Hill & Co. yesterday. sold $25, 900
Duquesne bonds at 101ss. Henry NJ. Long
sold Sc 900 Pleasant Valley new consolidated
5s at l0l12 and interest.
Wet weather is delaying considerable
business in the real estate line.
The boom at Mendelssohn appears to have
eliminated. 1t is possible to have too many
new towns in that part of the Monongahela
Valley.
birthstone Corner" is still in the market.
w. A. Heron & Sons are the agents.
The work of canceling and reducing mort
cages goes bravely on. There could be no
better evidence of well-distributed pros
perity.
Black & Baird report a brisk demand for
lots in Lloyd Circle, Beilefleld, where Ii dwell
ings have been completed and occupied.
-Four are in course of erection, and plans are
Thirty shares OF Central Traction changed
hands after the last stock call yesterday at
3O%.
c. H. Love says the real: estate market is
in good shape, but sales are retarded some
what by owners refusing to make conces-
sions. Buyers are beginning to understand
this.
Application has been made for a national
bank at Washington Court House, o. l. n.
Patton stHn is 1T the II. principal prom Promo5sr
tai stock paid in is ss,5ls 100 common and
s640,000 preferred. the par value of each
share being $780,
Directors OF the Manufacturers. Natural
Gas Company announce the regular monthly
dividend of one-half of per cent, payable
May 20.
II is rumored the Kountz interest will
make fight for representation in the di-
Tectory Mt the meeting of the Manchester
Traction Company Monday evening next.
Additional Points in Realty.
Charles Somers & Co., sold for Joseph
Horn, of Illinois, lot situated in the
Comingo plan, Fourteenth ward, fronting so
feet on Dithridge street and extending $50
feet in depth to an alley. for $1,000 cash.
John T. Sweeney sold a high-priced lot in
the East End in the G. R. White estate, on
the corner of Ellsworth and College avenues,
and extending back l25 feet to an alley The
purchaser, prominent suburban merchant,
will Immediately break ground for the erec-
tion of fine business block.
A. NJ. Tressel & Co. sold for J. W.
I.ahugh to Mrs. Grace C. Haworth, q lot
40x50 corner of Arlington avenue and
Shields alley, Allegheny, for s., ,350 The
purchaser will improve at once with IL nice
Black & Baird sold to BARLEY & Fan
ming for f. C. Frederick lot No. I52, in the
Peter Stable plan, Tenth ward, Allegheny.
for $500.
Liggett Bros. closed the sale for Mrs.
Mary R. Fox to John Peddn, of the Ran
dolph greenhouse properly, Ellsworth ave-
nue., Twentieth ward, fronting 16O Ieet on |
avenue and running back 400 feet |
to Pennsylvania Railroad, for $22, 5OO |
The Burrell Improvement Company re-
port the following sale of lots at Kensington: |
John Aker. Parnassus. lots 8, 10 and H. block |
H. for ST. SIS: Frank j. kost, lot H. block s. tor
81 COO cash; Paul and Anton Bidnick Ken |
sington north half lot 26. block g. for 1915
Reed b. Coyle & Co. sold lots Nos. 80 and 100 |
in their Marion place addition, Twenty-thiru |
ward, fronting 55 feet on Sylvan avenue and |
extending 165 feet through to Speer street, |
for 81 GOO.
B. j. Williams sold for John H. Werner to |
F. C. Goldenberg, Esq, two lots, 20x75 each, |
On Gray street, Mt. Washington, for $500 |
cash.
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