Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-01
RENTS AND RENTERS.
An Expert Offers Suggestions for the
Consideration of Owners.
WHEN INCREASE is JUSTIFIABLE.
A Quiet Windup of the Years Business on
the Pittsburg Exchange.
len INCREASE is JUSTIFIABLE.
A STRONG CLEARING HOUSE REPORT

Although Pittsburg is fast becoming
city of homes, there is still a large tenant
class, to whom the subject of rents is of the
highest importance. The following, there
fore. from a gentleman largely interested in
The renting of properties in both cities is of
special interest al this time His hints and
suggestions to owners should open their
ewes to their own interests
1.-The probable increase of the city taxes
for 1899, both of Pittsburg and Allegheny,
is OF great importance TO tenants. An in
crease Of taxes means an increase of rent,
lcr owners, as a general rule, add the in
crease of taxes TO the amount of rent,
which, in addition to the rent added on ac-
count of increased valuation, makes a bur-
den that some of the best paving and pros
porous tenants cannot well bear, especially
in dwelling houses
The ability OF tenants to paw regulates
the price OF the rent, and the tenants abii-
iJy IS limited, because it is regulated bv his
income and il Is often not question of
what the taxes are on the house, nor what
rrut it should bring in order to pay the
owner any certain rate or profit, but what
the tenant can afford to paw; and if the rent
Is put beyond The limit of what circum-
stances prescribe, the tenant must either 60
"lt. or remain and run the risk of having
iI1tcUity IN the payment of the rent; for
Bhencver tenant Is compelled to pay
n,"re rent than his income will Justify, then
the owner, sooner or later. is the loser.
The increase of rent. do doubt, is neces-
Sarv periodically on account of the increased
value of property and the advance of busi-
rcsS, but in order 10 increase the rents,
whether on account of tine increased taxes
cr the increase OF valuation. the owner must
cffcr sufficient advantages either in location,
improvements or facilities. so as TO justify
tHs tenant 10 increase The amount of his
rent, or that may i1dpce class more able
go ray To take the properly. A general
rGie, the WAGES OF certain classes and the
'urume ut most businesses is Fixed and re-
mains unchanged, and the tenants are not
"apacitated to nay increased rent. unless in
rrras,d facilities aud advantages are offered
'u business men. or change made in the
Kind of dwellings. 50 that a class that is
more able 10 pay can be accommodated
Each grade of house is occupied bv a
different class OF people. and il is generally
n mistaken idea 10 ieel that because the
present tenant ;who NAV be true repre-
sentative OF III" class Of persons that must
and VIII occupy thai grade Of house). goes
"u, ,nat another equally as good can be
secured ro pay the increased rent, unless
the property is brought up to a higher
grsiGe to suir persons who may be in circum-
>'an"es sufficiently able 10 paw the in
crease.
Business News and Gossip.
The Exchange Will be open tomorrow to
facilitate yearly settlements.
After tomorrow the Treasurer of the Ex-
change will be john Il. Barbour, Jr. or Rob-
vrt }. storey, Jr. They appear to be running
neck and neck.
six building permits were issued yester-
day, aggresating $7.3i0 The most important
were: To Philip Yen, frame two-story dwell
lu" on EclleS street, Twentv-seventh ward,
S2,HaO: to Oliver O. Phillips, uwo-Storv dwell
my Eighteenth street, Twenty seventh
ward. $3.50. and TO Annie Cox, frame two
story dwelling, Ruth street, Thirty-second |
ward, Si.295. |
The Weakness Of Pleasant Valley is at |
tIbuted 70 litigation with Allegheny CITY, |
J. the case goes against the company tile
dividend Hay Oe imperied.
Many leaves Will be turned to-day. Stick
to Whatever YOU resolve to do, if it's right
rms Is the time for striking yearly bal
;lnceS- Interest and dividend disbursements !
IN i'lttsbulg viii approximate 100000.
IehnSylNanla headed the list OF States in
railruad building last wear, with a6o miles:
Georgia came next, with 257
II Is said that the new Westinghouse EIec-
i likely to be put out in the course OF a few
days.
William I. Love and number of Southern /
ca n1taliSt~ nave formed Il comnany canital
= 'Ht,Vn 10 develop an anthracite coal field |
lh hlteiN county. hN.-the first to be |
worked west OF the Allee ehenies:
The Central I:auk has declared a Quarterly |
dividend OF ll2 per cent.
Movements in R7alty,
\ report Obtained currency Yesterday that |
|g tra.
nn"es. OF the Penn Cotton Mill, on River
avenue. Allegheny, had been sold by James
W. DraPe 4 Co, to a syndicate of Pittsburr
ana southern capitalists, with a view of re- ]
;uoVat TO the new town of Sylacauga, Ala |
ltI. i'iftpe was seen and freely admitr ad |
mar something OF the kind was under way.
hHi Was disposed 20 reticence in the present.
status of the deal
"uha Il. Ewing & Co. sold to James II !
Hcgr"d lot 5lNl5a, on Grant avenue, in the
N sen subdivision. East Bellevue Pitts |
gaI@, l. Wayne and Chicago Railroad for
p %; also; >old to Mrs. Rachel NJ. Carothers
''r =. {" fohIkGote lot 20x23G on Virginia |
avenue, Allegheny. for $500
leHnl~tuu, Eldcrllin 4 Co., Limited. re-
i"rt the ioH9~1n- sales For East End Gas
, nuIanY 10 Bowler & Sandy Jones two hill
SIDE lots. 23Nl52 81 each containiura a frame
l"'t-c WIN three rooms, Tor S93G: for James
\. /" ilH2h II,,. 20 :. NJ. Ihorp IA lot on Biddle
street hilkInsburs, 39N2GO feet. containing
2 frame house OF rooms. for 81 4I75; for Mrs
BRIDGET Branl%an tn Annie J. Townlev a lot
on Broad street, 22.66XiOG feet, containing "A
No-NtoiN frame OF sin rooms, for So GOO: Tor
Mrs Carolln HOdil to Mrs. IL r. Swisshelm |
D lot on trerrett street, 25xl20 feet to an |
,lley, for S101 cash: for Mrs Gibb to Mrs,
brldget Doyle lot on Hastings street run
llng back TO Kingston alley, with a frontage
d Ia feet, containing frame house with
,iN rooms, tor =. .6Ue
Hack n ha iid sold to William Senior lots
oS t2S ana 424, in the Alta Land COMPANY
plan Nc. Z.on Duquesne Heights for s45 cash.
james ". Drtpe & Co. sold a house and
OF IN Williamsburg, near Rebecca street for |
4.5.O: also, house and two lots on Mi |
Washington for s., 500: also. a farm of 80 |
lcrcS, above Avonmore, Indiana county for
4. .2aU.