Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-10
TRADE OF THE WEEK.
Ideal Financial Conditions Confront
the Business World.
IMPORTANT DEALS In REALTY.
Sale of Business Stand on Wood Street
and Of Three Residences.
A MOVEMENT TO CORNER EAST END LOTS

speculative trading The abundance OF
money is the source of great confidence o.
busy times little later on when January
dividend disbursements shall have beeV
completed. There was decided improve
ment in the realty market. both in inquiry
and sales. Four or five good-sized deals il
downtown property were concluded. Tht
week closed upon an almost ideal financial
situation, and with full assurance that large
amounts of money will in q few weeks bt
seeking investment.
Wood Street Property Picked Up.
It was reported yesterday that the Childs
property on Wood street, just above Fifth
avenue, consisting of lot 2oxS0 and We.
story brick building, had been sold to Wolf
Bros, the brush men, for S62, 800. Black &
Baird were mentioned in connection wit b
the deal, but, when asked for information,
said that, while the report was substantially
correct, they were not in positi on to talk.
1t is likely this transaction will be followed
by another on the same street in the next
few days.
Another Keeley Institute.
The homestead of Mrs. John A. Warden,
! whose husband was prominent few year,
ago in the oil trade, located on Beaver
street, Sewickley, consisting of something
over an acre of ground and house of u or
| Il rooms, has been ~nld to medical syndi-
cate identified witt the Keelev movement at
price approximate, Il, 000 The building
will be remodeled and adapted to the pur-
| poses of an institute similar to that in the
East End.
Engineering a Corner in Lots.
information comes from City Hall, and is
reinforced by j. Fl. Coleman & Co., that a
! syndicate has been formed to buy up as
much ground as possible on Frankstown
avenue, between Station street and the
| Nineteenth ward patrol station. One deal
has been consummated, and several others
are said to be in a promising condition.
| Business is pushing out that way, and it is
surmised that the object of the syndicate is
to get control of all the best sites, so as to be
in position to turn a handsome penny
from enhanced values sure to follow this
movement Values, in fact, are already
| locking up, some owners asking as much as
5000 foot
Again In the Market.
When the Duquesne Traction people
decided to extend their line along Highland
and Larimer avenues, they bought a lot to
facilitate the crossing of Penn avenue at
Liberty Hall, for which they paid $50, 600.
Since the combine with the Pittsburg Com
pany the place for crossing Penn has been
changed to Highland and Penn, and there
being no further use for the lot for the
purposes of the road, it has been put on the
market. This is one of the best business
locations in East Liberty, being in the
heart of the hub, and it is safe to say it will
during the present year be handsomely i'm
proved. A project for this purpose is in
deed already on the carpet.
Three East End Deals.
During the week James W. Breen, the
well-known journalist, purchased through
the agency of A. W. E. Bauck from A. L.
Watkins two residence properties on Craig
street and Collins avenue, Fourteenth and
Nineteenth wards, for $4,000 Another
deal was consummated near Mr.. Breen's
purchase on Craig street at price close to
$4,000. These transactions disclose q ready
demand for East End residence properties.
Business News and Gossip.
Activity in real estate last week is good
augury for the year.
From the number of buying orders in the
market, it is safe to predict higher prices
for Luster this week. Ditto Philadelphia
Gas.
On call yesterday 1sss was bid for Du-
quesne, Sc for Manchester, and Is for Birming-
ham Traction.
The property belonging to the Trimbel
estate on Penn avenue, will be sold at
Orphans Court sale January 2s, at 10 o'clock
A. n. Particulars are given in the advertis-
ing columns. This is valuable property and
the sale will no doubt attract a large num-
Der of buyers. In the mean time Information
can be obtained from James p. Quinn. adj
ministrntor, office Fifth and Grant.
John Carver has sold to Alexander Bennett,
50xaI3 feet with improvements, onthe New
Permits for IS buildings were issued during
the week The estimated cost of all being
S92, $50.
The Comptroller Of the Currency yesterday
authorized the Citizens National Bank of
New Castle, Pa. to commence business on a
capital of 100000. Thomas W. Phillips is
President.
Negotiations are reported to be in progress
between the Baltimore and Ohio and the
Wheeling and Lake Erie roads to secure
control OF the Wheeling Bridge and Termi-
nal Company. The price is So 000, 900
Earnings OF the Pittsburg and western
Railroad for December show an increase of
20 per cent over the same month last year.
There is dicker in progress for property
on Water street, not far from the Monongu-
hela House, but it is kept very quiet.
Movements in Realty.
Baxter, Thompson & Co. sold for $4,000 a
new two-story mansard,. pressed brick
dwelling, on Cliff street, Eleventh ward,
with lot s0x65 feet: also lot No. 90, Ruch
place plan, Thirteenth ward, fronting p
feet on kirkpatrick street, and extending
back 10 feet to a 2o-foot alley, for $3.50.
John X. Ewing & Co. sold to Jacob Stein
man for Mrs. S. McCready a new frame
house of seven rooms, hall and attic los 2Sx
120, on Warren street, Allegheny, for SIS SOO
j. Il. Coleman & Co. passed the papers in
the j. c. Dick deal for eight acres st She-i-
dan station. This ground will be plotted
and put on the market in the spring.
Tho Burrell Improvements Company re-
port the following sale of lots at kensington:
antonio Sisca, lot s6, block g for SS25 cash:
NJ. NJ. Male, lot 81. block 8, for $325 "a: James
c. Neeley, lot 95. block G. Tor $685.; Mrs. Sarah
Felser, lot 81, block 2, for $4ss 70; August Job,
lot 100, block 9, for s4Ss IS; Joseph Horod-
nowicz, Anton Florek, Teda Golunski, Frank
Ganratowski, Frank Gaksgn and Daniel
Zwiersinski, trustees. lots 51. 50, So, "a and So,
block !. for s., ,295; Steven Sultman so feet
north side lot 81 and 10 feet south side lot 81,
block 4, for 1887 so; Gabriel Orturi, lot lo2,
block for S4Ss rs; Antonio Sisca, lot So, block
4, for S!'35.
Black Il Baird sold another lot on ophelia
street, Oakland, for E. L. Porter to NJ.
Jacobs, being No. 81, and in size 25xl4l feet,
for Sl.425 cash.
M. f. Nipple & Co. sold TO Ellen BurSle for
Adelnaid Winterhalter for a 800 q six-room
brick dwelling. with lot 20xlO3 feet, on the
streets, Sixth ward.
Allies Bros. & Co. sold for John Dipp!e TO
George Meyers a one-story frame house of
three rooms, with lot 50X100 feet, situated on
Knox avenue, Thirty first ward for $,635.
j. L. Glass sold for y. c. Watkins lot No 6I
purchaser has already let the contract for a
house. Mr.. Glass also sold a s., 100 mortgage
on property in the Nineteenth ward: also
sold for L: II. Aaron to A. c. Watkins the