Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-21
CITY REAL ESTATE.
The Friday Property Out Fifth Ave-
nue. Changes Ownership.
POPULATION REGULATES VALUES.
Capitalists Able to Solve the Problem of
Homes for the People.
BUILDING BETTER THAN LAST YEAR

BUILDING BETTER THAN LAST YEAR
| The Friday property, corner of Fifth ave.
| nue. and Chatham street, changed ownership
yesterday through the agency of j. G. Reilly
at about So, 900. It consists of lot 65xS8,
with two buildings on the Fifth avenue
front and two or three on the Chatham street
side. The purchaser is a prominent coal
operator. As recently remarked, much at
tention is being given to property in this
quarter as result of high rents downtown.
A fine building is going up at the corner of
Fifth and Chestnut, and one will soon be
started little farther out. Fifth avenue is
natural outlet to the crowded business Sec
tion Of the city, and the Improvements
named, with others in contemplation, show
practical recognition of the fact, and DEM
onstrate that the drift is settling in that di--
rection.
Activity In Building.
Despite the fact that the season has been
backward and the roads almost impossible,
there is an immense amount of building
under way. In all parts of the city and
suburbs, builders are hurrying work to
completion. Figures for the expired por-
tion of the year show considerable in
crease in the number of structurers over the
scattered, showing growth in all quarters.
There is no danger of over-building. Agents
report more empty houses than usual at
this season, but there, are good
reasons for this. Many families have taken
rooms or doubled" to save rent Every
new house has restraining influence upon
landlords The problem OF homes for the
people is one Of vital interest. People
ought not to be required to pay beyond
their ability. The great need of Pittsburg
is a large addition to the stock of small
homes for the use of families of moderate
means. There is no danger of Cutting the
market Only few can afford to occupy
stone mansions on the fashionable avenues;
the many must resort to less pretentious
quarters. Builders should recognize this
distinction and, while catering to the rich,
make provision for housing those whose
treasure ships have not yet furled their
sails in port.
List OF Yesterdays Permits.
The number Of permits issued yesterday
W
estimated to cost S22, ,535t They are: NJ.
M. Stauff, frame dwelling on Robinson
street, Thirteenth ward, $1,000; Mrs. w.
Dallmyer, four-story warehouse on Liberty ,
street, Fourth ward, $1,000; Patrick Muir
ray, iron-clad addition to stable on Station
street, First ward, 81, 500; Mrs. Catharine
Berger, brick dwelling on Meyran avenue,
Fourteenth ward, S5.400; Louis j. Fritz,
two frame dwellings on Industry street,
ward, s., 200; Henry Stoke, Jr,
frame dwelling on Lyric avenue, Twenty |
first ward, s., 200; LindeI Hallet, two frame |
dwellings on John street, Thirteenth ward,
81 800; Mrs. Josephine Bur, frame dwelling |
On John street, Thirteenth ward, 81, 800.
Special Features Of Trade.
The residence property, No. s2s Western |
avenue, Allegheny, lot 36x120 and a ten |
roomed house, was sold yesterday for $40 900. |
A Pittsburg capitalist went over TO West |
Virginia yesterday to inspect a tract Of coal |
and, with view to its purchase.
It is thought that on May the Duquesne |
Traction people will reduce the fare between
he city and Williamsburg to cents.
The work of tearing down the buildings on
he Penn avenue property lately purchased
y,E y Joseph @ Horne q Co is under N1 way: There
heir mammoth store to completion. -
Clearing House reports show that some
body is doing considerable business.
Earnings of the Pittsburg and Western |
Railroad for the second week in April in
creased SIS, ,236.
A sale of City Insurance stock yesterday
It 2eL was tho first movement In that part
If the list for several months.
1t Is denied that there is o dicker between
Mr.. Howley and the city for the formers
property adjoining Highland Park.
Mr.. Mckay's fine stone residence at Shady
ide Is nearing completion.
Mr.. Laufman is building handsome frame
esidence on South street, Williamsburg.
Additional Points in Realty.
Population is the backbone of all real
state values. Pittsburs is increasing rap
dly in this direction. Statistics of street
ar travel show this very clearly. With in
rease of population comes larger demand
or property and higher prices. Those who
ament the good old days. when corner
OTIS were sold for song are, to put it mildly,
TIE advance is natural and Justifiable.
The day for purchasing property for a few
The same causes which elevated property in
he past will be operative in the future |
enhancement will keep step with the ma
erial progress of the city. This being the
'estors hope to secure by delay.
Reed B. Coyle & Co. sold for Mrs. Annie n
DAWSON. through the agency Of c. II. Love,
haser will improve with high class resi-
ence.
Hoffman & Baldridge sold a new brick house
f eight rooms, with lot 40xl50 on Hay street,
ear Rebecca, for s., $50; also a new frame
ouse OF seven rooms ON North street, near
enter, with lot 52x1l0 for s. 650; also house
f six rooms on Biddle avenue, with lot 33x
DO for 81 800; also lot on the corner OF Biddle
nd Trenton avenues, 104xl20 feet, for $3, 500;
lso lot on the north side of South street, |
ear West, 30x12x, for 81, 500: also lot on the |
outh side Of South street, near Pitt street, |
3x1S2 feet, for S., ,s65: also a lot on Kelly
treet, 34xl20, for S., 600; also lots Nos. 20 and
in Palmer Place, Swissvale, 40x120 each, for
600
]. C. Reilly sold for Mrs. Michael Ryan to
Vylte Captain, the two-story and mansard
rick dwelling No. 20 Tannehill street, lot |
'x66. for So, ,O60, cash.
Black & Baird sold another lot in the
phelia street plan, near Forbes street. Oak
md, being No. 81, 25xl41 teet, for $l425, the
being W. r. Conrad.
McCune & Coulter sold four lots in their
ylvan avenue plan to VIM. e. Tustin, Jr.,
,r s., 800.
Peter Shields reports the sale Of another
frame house, lot 36x90 feet, on
reenfleld avenue i'll the Greenfield avenue |
Ian, Twenty-third ward, for s., 700
E. T. Schaffner sold for C. E. Succop two |
ITS, each 25xl25 on Lillian street. near Maple
venue, Th1rty-frst ward, to Albert F. Elm q,
ouse. for 81 200 cash.
THE MONEY MARKET.