Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-07
Y REAL ESTATE.
A Site Purchased at Shadyside for q
Gilt-Edged Residence.
AN ANCIENT RUMOR WORKED OVER
Suburban Rapid Transit Railway Stirring
Up Southside People.
SPECIAL FEATURES OF BUSINESS

Just been consummated at figure close tt
S21, ,000 Messrs. w. A. Heron & Son.
being mentioned as agents who conducted
the deal, they were asked for information,
but were not in position to say anything
beyond confirming the report. 1t is under
stood the purchaser is leading busines.
man, who intends to erect residence which
will not suffer by comparison with the finest
in the East End.
Movements on the southside.
The Suburban Rapid Transit Railway,
/ running from Mt Oliver out the Browns
vile road, is being extended to the city by
way of the above named thoroughtare and
South Eighteenth street. A large force of
men is at work doing the necessary grading
A double track is to be laid and the pike
will be paved with block stone. 1t is ex-
pected that the entire work will be CON-
pleted within 80 days. On the strength of
this road and the completion of an 8-inch
water main out into Baldwin township,
real estate has assumed an active position.
Two new plans of lots have been laid out by
Messrs. McFerran, Succop and others.
Options have been taken on two large tracts
of land for subdivision at prices consider
ably over 1000 an acre. Several hand
some dwellings nave been started on the
Brownsville road. Mr.. Steinecke will
build one of the handsomest residences on
the Southside. One has Just been COM
pleted at cost of over 5000.
An Old Story Revived.
The annual rumor that one of the big in
surance companies is looking around for q
site for an Office building in this city is
again on the street, but is probably only
talk to secure cheap advertising. The same
company urged as reason for not buying
two or three years ago that ground was too
dear. As values of central property have
stifened considerably in the interval the
same reason, only intensified, for not buy
ing and building exists now as was urged
against the movement then. Still, this
would be the proper thing to do. The COM
pany owes much to Pittsburg, which obiga-
tion it could discharge in no better way than
by expending million or two in a building.
1t would not only be good investment,
apart from any other consideration, but
would also serve as an entering wedge for
other improvements of a like nature.
Builders Are Busy
Yesterday was favorable to the builders.
Thirteen permits were issued for 18 i'm
provements, aggregating S61,612. The
most important are: w. G. Johnston, five
stone and frame dwellings on Highland
avenue. Twentieth ward, S32, 500; Mrs
George Hailman, brick dwelling on Shady
avenue, Twentieth ward, S16,769; Robert
Paul. frame dwelling on Pacific avenue,
Twentieth ward, 81, 800; Peter Murray, two
brick additions on Spahr street, Twentieth
ward, 81, 500; Mrs. Mary Kaufman, frame
three-storv dwelling on Larimer avenue,
Nineteenth ward, 81, 500; Robert McLeesh,
frame dwelling on Lincoln avenue, Twenty
first ward, 81, 700; Henry A. Briggs, frame
dwelling on Mcknight street, Thirty-ifth
ward, 81, 700.
Special Features of Trade.
1t is run.ored that the NfmiclS peoperty. at
Williamsburg. is sabout to change hands again.
The Williamsburg National Bank will be
opened for business tomorrow week, April 10.
Upwards of so buildings in various parts of
the city are being reconstructed. Many of
them are receiving new fronts. No 40 Grant
street will be changed to a store:
Officials o. the " estfnghouse Electric Com
pany report that its business is on the in
crease
The trust companies of New York City
finding that they cannot loan their surplus
advfsability of cutting down the interest
rate on deposits. 1t is now per cent.
Samuel Shaw is having plans made for n
six-story brick apartment building with
brown stone front, to be erected on Coursin
street. near Fifth avenue, McKeesport.
At the last stock call yesterday Chautau-
qua Lake Ice Company stock could have
been bought at par. Al the same call 26 was
bid for 500 shares of Birmingham Traction
stock. Manchester was offered at 40:
In New York 81 600 Pittsburg and Western
As sold at Se6S2L, slight decline.
There is good inquiry for lots at Ali
quippa. Low prices are an attraction to
On Friday, April Is, stockholders of the
Germania Savings Bank will vote on the
question of extending their charter, and on
the par value of the shares from
81 900 to 500.
Pulse OF the Realty Market
While it is no secret that negotiations are
under way for the sale of the remainder OF
the Christ Church properly it can be said
that nothing has been de.
cided upon.
By consulting the advertising columns of
THE DISPATCH to-day it will be found that
valuable residence property is to be offered
at auction sale this afternoon Mt O'Clock on
Sheffield street, Allegheny, under the
auspices of Samuel W. Black & Co. The
terms of sale, location of the property, ETC.,
should commend it to the attention of home
seekers.
Black & Baird sold for W. L. Woods to X.
B. weaver the property No. 6460 Penn ave-
nue., near Dennstnn, East End. being q two
story nine-roomed brick dwelling, with lot
20x200 feet, for So 500
MartDa a. CTdltr mas SOIu TO Jean M. craig
17sxl3a feet on Vine street. Edgewood, ior |
q, 900.
Allies Bros. & Co. sold for Frank Clemens to
George Satler brick house of seven rooms,
etc, on Plus street, Twenty-seventh ward, |
with lot 20x 100 feet, for So. l50 spot cash.
John X. Ewing & Co. sold tor Thomas |
E. Pinkerton q lot 50Xl47, on Perrysville |
avenue, Tenth ward, Allegheny city, for
81 900 cash.
A. z. Bvers & Co. sold for william A.
Stauf to Robert T. Custard lot No So in the |
Northside Land Association Limited Plan, |
corner Forest and Cleveland avenues,
borough of West Bellevue, Pitrsburg, Fort |
Wayne and Chicago Railway, for $500.
w. E. Hammett s. Co., of Williamsburg, |
sold lot on East End avenue, Twenty-sec- |
ond ward, 52xla0, for 81, ,050. |
j. E. Glass sold for A. C. Watkins lot No. |
36 in the Aliquippa rlace plan No. 2, for |
s4O0 |
The Burrell Improvement Company sold |
the following lots ut Kensington yesterday: |
Melton Forester, n. II. lot 81 block O. 1926 81; i
ullus Roxonlioncky and Michael Kortow- |
ski, north 90 feet lot % block 8, $3.50: James |
L. Duff, lot S. block 13 $S37 30: Salvation. Cat
anzaro & Co., part of lots IS and SO, $3.50 SO; |
Frank MachuGewski, lot s.. block /, $4SS rs. |
HOME SECURITIES.
UES STILL ON THE RUN.
Traction Takes a Big Tumble |
But Quickly RecOverS - " eakpess |