Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-27
TRADE OF THE WEEK.
A Touch of Spring Makes the Busi-
ness World Look Brighter.
EVERYTHING IN BETTER SHAPE
A Deal Out Fifth Avenue Involving Several
Commodious Stores.
BUILDING BY A LOCAL MILLIONAIRE

Improvements in the weather put new
= life into business the past week, and there
was distinct gain along the whole line.
Even iron displayed better tone. Pros
poets of all the great industries assumed q
brighter hue. Locally, while there was no
special snap in anything. the aggregate of
business was considerably in excess of prev
ious weeks. There was a better call for
money. Pittsbu1g landed sixth in the list
of Clearing House cities, being ahead Of
Baltimore, San Francisco and Cincinnati.
Real estate was active. Sales were reported
aggregating upwards of $500 900. These do
not include several large transactions in
manufacturing sites, which were noted
when they occurred.
Stocks were fairly active at a higher
range Of values. About the middle of the
week oil touched the lowest point for al
most year. This attracted outside buyers,
and there was quick rally. At the close
of business yesterday the influence most
worthy of note was the hopeful feeling
which prevailed business circles
Widening the Business Area.
! An important sale of Fifth avenue prop
erty was closed during the week. The lot,
95 feet front by 80 in depth, corner of Fifth
avenue and Stevenson street, belonging to
the Price heirs. was sold for S3S, 900, being
at the rate of S40O per foot front. It is the
intention of the buyer to put up COM
modious stores The great rents in the
| lowerpart Of the city have produced a brisk
| demand for good stores on Fifth avenue be-
tween the Court House and Soho, and this
| is likely to go on increasing. The demands
| of local trade in that quarter are growing,
and real estate values are improving ac-
cordingly. All good stores rent we'll there.
Larkin & Kennedy conducted this sale.
Progress was reported IN another i'm
portant deal further out the same avenue,
involving block of between 40 and so
houses. The site has been secured, and
building arrangements almost perfected.
The principal promoter is local million
aire, who thinks this good way to show
his faith in Pittsburg realty.
Special Features OF Trade
A section of good weather last week was
helpful to business. Results were satisfac-
tory.
An Eastern capitalist is negotiating with
Ira N. BurchfieId for hotel site in the
Schenley Park district Upward Of $lO0, 900
is involved.
The Ferguson property in Penn township,
81 acres, partly coal, offered at auction Fri
day, was bid up to Sc, 700 and withdrawn
Plans are in course of preparation for q
school house at Valleyview, Bower Hill
During the week arrangements were COM
Nearly all the capital stock of $5OcOO was
placed in local hands, and quarters secured i
in the St. Clair building, corner of Penn av-
enue and Wood street, possession of which |
ready for business by the first of next week. |
Prof Jackson, of the Third ward, Allie |
gheny, public school, will soon break ground |
for fine dwelling on Marshall avenue, near |
the Perrysville road. =,
Mr. Archie Fraser, who was yesterday |
elected to membership in the Exchange, has |
formerly an extensive operator at OIL City, |
and is well known to the oil trade,
After call yesterday 2OZ was bid for
Wheeling Gas without response.
The promoters OF DuQuesne Park Perrys.
vile avenue, are preparing to erect num-
Der of dwellings this spring
Citizens OF the Tenth ward. Allegheny,
schoolhouse, and adopted strong resolutions
in favor of improving PerrysvilIe avenue.
,Bnilding operations broadened last week.
provements the value of all being estimated
at SS2,37 The number issued the previous
week was 26 for the same number Of struc-
tn tures, costing, according to estimates,
On the Exchange yesterday s25 was bid for
the privilege of calling 100 shares Wheeling
Gas next month at IN
Sales Reported by Agents.
Baxter, Thompson & Co. sold for Mr.. H. 8.
A. Stewart lot lO4 In his Negley Place plan.
Nineteenth ward, fronting 80 feet on Hays
street by .56 feet to a eOfoot alley, for 81 900
cash. The purchaser will break ground at
once for handsome residence.
Black & Baird sold for Findiey Torrens to
D. R. Speer q lots in the Torrens plan on
avenue, Twenty-iirst ward, being
numbers from l to IA inclusive and q to 90 in
elusive, for Sic, 900.
John K. Ewing & Co. sold to William C. |
for Mrs. Mary Dougherty ct al. q |
lot 9ohllo on the east side of Buena Vista
street, Second ward, Allegheny, for s5 900. |
The purchaser will improve the properly by
erecting handsome stone front residence.
Reed B. Coyle Co. closed the sale for Mrs |
Nancy Stewart of the property No. 46 Frank
lin street, Seventh ward, consisting of an IL |
room brick dwelling with lot e4xe5 feet, for
81 300.
Charles somers sold for J. Rappe Myers to
Mrs. L. P. Buvinger a vacant lot in tho |
George W. Guthrie plan of lots, wilkins
burg, fronting 50 feet on Bddle street and
extending 120 feet to an alley, for 81, ,lO0
A. 2. Byers & Co. sold for John w Witwer |