Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-10
TRADE OF THE CITY.
Real Estate Market Getting Back to a
Normal Condition.
ALLEGHENY HOUSES PICKED UP.
Rapid Growth of Valleyview, q Historic
Place Down the Panhandle.
OF HONEY AND SPECULATION

There is nothing in the real estate mar
favorable to-day than it was year ago.
The country was then emerging from a
serious financial crisis. One of the effects
had been to bring the real estate market to
an instant and complete halt. Speculation
stopped short. The investment demand
faded away. Negotiations even were
silenced. The market came to a complete
standstill. 1t was facing condition of
more deeply-shaken public confidence than
had been known in years. 1t is now getting
back to normal condition. 1t has been
helped by the knowledge which has been
emphasized on every hand that this country
is in remarkably strong financial condi-
tion. The financial outlook now points al
most inevitably to easy money for months
to come. This means advancement in all
lines of business Real estate will get its
share.
Deals on the Northsfde.
Two more high-clAss Allegheny residence
properties have changed ownership within
the last few days. Major A. j. Pentecost
bought the Montgomery homestead on Char
tiers street, near Pennsylvania avenue, lot
also the residence of Attorney A. S. Miller,
on Sheffield street, near Bidwell. The
figures are well up in each case, but cannot
be given at present. They are about on
level with previous sales in those localities
Marching With the Procession.
Bower Hill station, or Valleyview, on
the CHARTERS branch of the Panhandle Rail-
road, two miles above Mansfield, is one of
the most progressiv. mining towns in
Western Pennsylvania. One builder alone
has completed % houses there since last
June. Altogether between rs and 80 houses
have been erected within q period OF nine
months All of them are occupied. Build
ing this year will be on a still larger scale.
One reason for the rapid growth of the
place is that houses are sold on the install
ment plan. The territory of which Valley
view is the center is becoming thickly
populated. About 5000 miners live and
work within few miles of town. Although
development is modern Valleyview is asso-
ciated with an important historical event.
1t was pivotal point in the whisky insur
rection, fact commemorated by the found
ers of the towns naming one of the streets
1nsurrection avenue.
Penn Cotton Mill Removal
A meeting of the stockholders of the
Penn Cotton Mill Compan(t of Alabama
was held in the East End yesterday even
ing, to complete arrangements to take pos
session of and remove the old Penn cotton
mill plant to Sylacauga, which will be done
some time the present month. The build
ing for its reception is well under way. The
new plant viii be one of the most complete
in the South.
Business News and Gossip.
Mr.. Phelps example is contagious. Two
or three deals similar to his in the Twenty
third ward are on the carpet.
Rev. F. P. Core, formerly pastor of "Brim-
stone Corner" has sold to James R. Bly,
residence property on Wabash street.
Thirty-sixth, ward, for $4,000.
Colonel W. A. Heron, after being on the
sick list for a week or more, was at his Office
yesterday, almost as we'll as ever.
At Cincinnati s. 500 per cent deficiency
bonds, due 1901, were bought by the Sinking
Fund Commissioners at 10l and accrued in
terest, and $500 per cent pavement bonds,
due 1905, at I0l54 and accrued interest.
The First Lutheran Church congregation
of Altoona has had plans prepared for
brick and stone building to cost $40, ,0O0 Bids
are in order.
Eight permits were issued yesterday for
the erection of IA buildings, aggregating
S29 900 The one of most Importance was
taken out by Mrs Esther Gusky for brick
addition to her business block on Market
street, to cost $13. 000.
At the meeting OF the H1dalgO Mining
Company yesterday the following directors
were chosen: j. Fl. McKelvy. T. NJ. Arm 4
strong, w. F. Armstrong, S. Z. Gill, j. H.
Wilson, W. F. Lloyd w. G. Muzzy. Mr. Gill,
the Secretary, says 1891 was an excellent
year for the company and 1892 will be much
better.
Directors of the Central Bank, chosen yes
terday, are: d. P. Reighard, Julius Adler,J.
F. Denniston, James Wilson, P. H. Hacke,
John E. Ridall, S. S. Holland, F. P. Bell and
George H. Bennett.
Sales of stock on call Monday were about
1000 shares, not 1000, as printed.
Movements in Realty.
Black & Baird sold through Thomas Lig-
gett to Sarah L. Hitchcock, the property No.
1873 Cherry alley, consisting of two brick
houses on lot 221ax62 feet for $50
Reed B. Coyle & Co. sold for R. B. Hutchi-
son the property No. 3l5 Wylie avenue, con-
sisting of brick dwelling of seven rooms
with lot 22xl37 feet, for 81. $50.
Peter Shields sold a five-room house. lot
30190 feet, Lydia street, in the Greenfield
avenue plan, Twentv-third ward, on the ten
year payment plan, Tor S., 400.
J. E. Glass sold for Charles S. Crawford to
Thomas w McCune, a lot on the west side
of Euclid avenue, near Center avenue, size
60xl14, for 8, 500.