Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-15
POINTS IN REALTY.
The Liggett Property on smithfield
Street Not in the Market.
FRONTAGE UNDER THE OLD PLAN.
A Growing Eemand for Farms and Values
Show an Upward Tendency.
ANOTHER GOOD DEAL ON PENN AVENUE

ago sold Penn avenue property to Boggs
& Buhl, has just made another investment
on that booming thoroughfare. She yes
terday, through the Black & Baird agency,
purchased Nos. 91s and 92O, corner of Penn
and Garrison alley, from NJ. Slebert & Co.,
the furniture men, for s73.1 The prop
erty consists of a lot 43x107H, and two
thr,e-story brick buildings. The ground
once belonged to Uncle Sam.
Mrs. Herst will rent the buildings for a
year or two, after which time she expects to
make some valuable Improvements.
Nothing hut Talk.
1t was stated yesterday that negotiations
for the purchase of the Liggett property on
Smithfield street. between Kaufmanns'
store and Diamond street. were "of1, and
that tenants had been notified they would
not be disturbed This is all true enough,
since such deal has never been "on. !"
Liggett Bros, who own the property, have
frequently declared that they would not
sell it at any price. It is not in the market.
Thomas Liggett said not long ago: ''The
property has belonged to the family for
years, and will belong to it a hundred years
from now
The history of this property is interest
ing. In the old plan of the city 1t COM
prised two lots, each fronting 60 feet on
Fifth avenue and extending back along
Smithfeld street a distance of 24O feet to
Diamond street In the original plan of
the city few lots fronted on what are now
known as Grant, Smithfie'd, Wood and
Market streets. The ground occupied by
the Howard block was originally one lot.
Enhancement in values made subdivision
necessary.
Farms Looking Up.
There is good inquiry for farms This
is difficult to understand under existing
business conditions. When the city is pros
porous the flow of population is from the
country, and when the reverse is true the
drift is toward the country. The reversal
of this rule, or custom, this year, is due no
doubt to the fact that both city and country
are fiourishing, and that it is comparatively
easy to make a living in either. Then,
again, land has become so valuable and is
being sought for so generally, that it is
always marketable.
Upon this subject member of the firm
of Sloan & Co. said yesterday: 1--WE have
within few days sold four farms and ex-
pcct to close our several others in the next
week or two. We have orders for quite a
number of farms in Western Pennsylvania
and Eastern Ohio. We can sell all the
farms we can get, if they are convenient to.
railroads and well improved. Prices are
considerably higher than they were three
or four wears ago, or even last year. Our
sales have ranged from $50 to S75 an acre.
In exceptionally favored localities 500 is
about tie figure.
''The inquiry for farms comes from all
classes of people. They have q peculiar
fascination for retired business men, for the
reason perhaps that many of them were
brought up in the country and have never
lost their love for its quiet pleasures.
Among the names oh our books are those of
several ex-bankers and merchants"
Busin .ss News and Gossip.
Burt & Sweeney closed good-sized deal
in Allegheny realty, but were not in posi-
tion to give particulars.
Dr. Charles E. Diehl has leased, through
Black q Baird, the building No. $40 Penn
avenue ~
The Edison Electric Illuminating Com
pany has declared quarterly dividend of
II per cent payable February / to stock
holders of record January l5
Tine earnings of the Buffalo, Rochester and
Pittsburg continue to snow gratifying in
grasses. Those to hand for the week ending
January show u gain OF s44 e5I over the
Six permits for the erection of new build
incs were issued yesterday, aggregating
81, $780, The largest was taken out bv DR.. p.
A. Bier fora frame two-story dwelling on
Iarimer avenue, Twenty-frst ward, to cost
$3.50
1nsidersin Western Union Telegraph say
the stock will be made more active in the
near future. Earnings were never so salts
factory.
There were J55 900 ounces of silver shipped
to Europe by Wednesdays steamers
At the last call yesterday 10 was bid for 100
Duquesne Traction, offered at 20. Birming-
ham LOO >harns) was offered at is. There
was hid of 241s for 100 Central Traction,
buyer 80.
S W. Wilcox and T. F. Brown have sold
their stock and retired from the Exchange
Louisa Wettach has sold to Wilhelmina
Seeker a residence property on Second street,
Third ward, Allegheny, for sll590.
Financial institutions o! Mckeesport oc-
cupy strong position. IA does everything
else in that progressive city.
Columbia Oil Company's election for Pres
ident and directors resulted as follows:
George d. @cGrew. President; Directors,
George ID. McGrew, W. A. Robinson, James
lam Roseburg and e. VI. Cochran.
Movements in Realty.
The next important event in real estate
will probably have Wood street for its
habitat. Both sides are in earnest.
Baxter. Thompson & Co. sold lot No. 33
Ruch place, Thirteenth ward, fronting %
feet on kirkpatrick street and extending
back along Corwin street 100 feet to 2Ofoot
alley, for S275.
Black & Baird sold the following lots in
the Alta Land Comnany's plan on Duquesne
Heights: To J. 81. Hutchinson, lots Nos 81
and 378 for Si2o: to Joseph Swain. lot 30S for
So, and to David Thompsor, LOT 397, for s54
s. A. Dickie & Co. sold for J. NJ. Douthett
70 4. J. Schan lot on Bennett street. near
Romewood, 50Nl35 ieet, for 81, 100.