Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-12
A GOOD BEGINNING.
Business Starts Out With the Promise
of an Active Week.
A DEAL ON SMITHFlELD STREET.
Wood Street fale Highest on That Thor
oughfare but One.
WILL BEAR WATCHING


property was reported in this column on
Sunday. With one exception, that of the
Tradesmen's National Bank. the price,
So, 100 per foot frontage, was the best yet
realized on that thoroughfare. Yesterday
almost as large deal was consummated on
Smithfeld street. Black & Baird sold
property near Virgin alley to well-known
Wood street business man for 100000. The
lot is 24x60, making the foot frontage ST.
500, about equal to the last previously re-
ported sale in that locality. An accurate
description of this property is withheld
until the deed shall have passed.
a Place Worth Watching.
Real estate investors should keep an eve
on Williamsburg and the district of which it
is the center. Its growth in the last few
years has been remarkable and enhancement
in land values not less so. A property on
Wood street went a-begging ten years ago
at about $40 per frontage foot. 1t was sold
a short time ago at the rate of $3.50 foot
James Weldon last week sold to c. w.
Strickler 30 feet on South street. below the
railroad, for s., 900. Mr.. Weldon paid 81, 800
for 100 feet few years ago. He has thus
doubled his money and has 40 feet and
comfortable house besides. Mr.. Strickler
will begin the erection of handsome resi-
dence in the spring. Building will be very
active out there this year.
A Pointer for Investors.
Here is a short but true story of a specu-
Iative misfit, which should be treasured by
local capitalists disposed to place money
abroad. 1t is from the Bellaire Independent:
LESS than wear ago resident of this
place sold his property here and invested
ho in 70 in nd
the then great boom town of Hoosierdom.
A month ago he sold his property there at
a decline of s4, 900 from the price paid,
and returned to his first love to find en-
plovment to support himself and his fam
lily. All is not gold that glitters in the
sunshine of promise. The moral to this is.
when you are prospering in good solid
town don't 60 chasing after air castles.
No judicious investment in Pittsburg
realty has ever been known to turn out
other than profitable. If there are in
stances to the contrary they are not known.
Weeks Corporation Record.
The United States Corporation Bureau
reports the weekly list of completed cor
porations in the United States for the week
ending December 81, 1891: as follows:
Mercantile and manufacturing
companies, l22 l22..................S .Sl9 SD 600
Banks (not nationaD and invest
ment companies, ,H... 6,7550o0
National banks ito December 23), s. 500 600
Gold, silver and other mining and
smelling com panies, 35. ............ 80, 794 900
Coal and iron companies, 0......... $50, 900
tion companies, ,H...........f...... Il. 14s7. COO
Building and loan associations, o. 1900 0O
Irrigation company. I............... 100 600
Miscellaneous companies. 100. ... %. .039 $50
Total corporations, 3O7; total capitali-
cation, $95, 105, $50.
Business N"ws and Gossip.
An important meeting of Pleasant Valley
stockholders will be held in the Exchange
building this afternoon.
A notable engineering feat has just been
accomplished Mt Williamsburg in the re-
moval of the Hamnett mansion, a large
double brick structure, q distance OF about
100 feet without damage.
The total production of copper in 1891 was
133 81 tons and the consumption 96.795 tons.
The production in this country now amounts
to nearly Al per cent of the worlds output.
The Finance Committee of Wilkesbarre
uarv 90 at City Hall, $4,000 bonds, OF which
80 are of the denomination of 500, 20 of $500
and seven OF 81, 900.
Chicago's real estate operations for 1891
fall below those OF 1890 by about S4 600 COO.
They are, however, about S45 600 600 in excess
Three permits for the erection of new
buildings were issued yesterday, aggregat-
ing 81, ,2J0.
A half dollar of 1858 with an "O' above the
date is worth $l2.
1t is said that the International Bank peo-
pie ofIondon are considering q plan for the
opening ut Boston of a branch of large
London trust company
At the last call yesterday Duquesne bonds
were offered at 931s, with 9a34 bid. For the
stock 1875 was bld, offered at 1ss. Manches-
ter bonds were wanted at 36N. There was q
bid OF ~ for Enterprise Mining.
George B. Forsythe has sold to the Mans
field Coal aud Coke Company SO acres in
Scott township for Sl9,SS4.
The Supreme Court decision in the Central
Traction High street case was not handed
down yesterday, as expected. The stock
was about steady.
Movements in Realty.
Peter Shields sold n seven-roomed brick
house on a lot 4xlO3 feet located at No. 100
Pride street, Sixth ward, for 81 7G0.
J. E. Glass sold for A. C. Watkins to Thomas
W. McCune a new two-story frame dwelling
of eight rooms and all modern conveniences
with lot 30xl00, on Parker street, near
o OHara, East End
Dennston, Elderkin & Co., Linn, report
the following sales: For Mrs Caroline Hodil |
to Henry Neinau, a lot on Gerritt street, 25x
l20 feet to an alley, for $7o0: for Edward D. |
Hall to r. McF. Lamont. lot IS in Thompson's |
for $500; for W. H. Whitfield to James j. |
Duer a lot on FIankStown avenue, 40x140 |
feet for 81, 100; for Henry Houseman to Mrs. |
Lucas, q lot on Enterprise street, 3GXl20 feet, |
for sl.450.
Black & Baird sold to Simon Ycager lots |
32S and 329, in the Alta Land Company's plan, |
on DuQuesne Heights, for $3.50 cash.