Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-29
THE TREND OF TRADE.
Plans for Furnishing Hazelwood
More Business Facilities.
TIE TRIMBLE PROPERTY PICKED UP
Investors Showing Lively Interest in
Neville Island Property.
FEATURES OF MONEY AND SPECULATION

| Hazelwood is one of the most conspicuous.
Its growth is so rapid that there is a pos
! tive famine in both dwelling and business
houses. Both will receive large accessions
this year. Ira NJ. Burchfeld is negotiating
! the sale of four lots to q gentleman who pro-
! poses to erect block of warehouses equal
to almost anything of the kind in the older
i part of the city.
| Another gentleman is making arrange
ments for the erection of four more of the
! same character. He has secured the ground
and expects to begin operations about
April 1.
The Trimble Property Sold.
The public sale yesterday, by order of the
Orphans Court, of the Trimble property,
on Penn avenue and Barker's alley, at
tracted goodly number of investors and
! quite crowd of spectators. The property
being landmark accounts largely for the
interes. manifested in its disposal. 1t
| fronts 40 feet on Penn avenue and runs
back along Barker's alley 120 feet; also 160
feet on Barker's alley by SO feet. There
were two parcels, but they were sold as
| whole. The buildings are four-story
brick hotel and a stable and COW market on
the rear lot.
Bidding was lively up to certain point
1t started at S75, 1000 by John w. Heron, of
w. A. Heron & Sons, jumped rapidly on
s., 900 bids to SS5 900, then on 81, 900 bids
to SOC, 900, after which $500 was the best.
Finally Mr.. James w. Arrott, the insur-
ance man, bid 500, 900 and the property was
Knocked down to him at that figure. Major
A. j. Pentecost was the auctioneer.
After the sale a report obtained circula-
tion among select few that Mr. Arrott had
made the purchase for Charles j. Lockhart,
President of the Standard Oil Company,
who, the report added, you'd demolish the
MOTEL and erect fine Office building in its
stead. The report could not be verified,
and is given for what it is worth.
The history of this property was given in
THE DISPATCH q short time ago. It came
into the possession of Benjamin Trimble be-
fore the war. Trimble's Varieties Theater
had more than local reputation. 1t reached
the acme of its popularity under the man
agement of the late w. C. Smythe.
Owners More Disposed to Sell.
The sale of Neville Island property BY
Charles Somers, reported yesterday, was
the first in that locality for several years.
There has been considerable talk off and on
about deals, but they were so much in the
nature of fmoney-making schemes that own
ers BECAME suspicious and rejected all over
lures. Now, however, that conditions have
changed and the island is receiving more
attention from Legitimate investors, it is
likely that several holdings will change
hands in the course of few months. Talk
is strongly to this effect. As the properties
extend from water to water street 'front.'
age is ignored and values are estimated by
the acre, running from $500 to- 81, 800 ac-
cording to the ideas of the owners, the out
do Of ho
account of its closer proximity to the city,
The island contains about ], 800 acres, held
mostly in tracts of 25 to so acres. Among
the principal residents may be mentioned
the Phillipses, Hamiltons, Dixods, Pittock,
Waters and Chaplin.
Getting Strong on Its Feet.
Real estate agents report considerable
difficulty in getting sellers and buyers to
agree upon prices and terms, but notwith-
standing this drawback the market is begin
ming to assume decidedly lively aspect, as
published lists of sales clearly demonstrate
The number of important transactions con-
sumpated this month is beyond all prece-
dent for the same period and season. In all
directions there are signs of increasing
strength. This is due to the growing de-
mand from local investors and outsiders.
The increased activity is being stimulated
by numerous projected rapid transit and
business enterprises opening up new terri
tory, affording additional sources of employ
ment and increasing the demand for houses
There is every reason to believe that as the
year advances the inquiry will widen and
sales increase. 1t would be hard to find an
owner or agent who does not speak we'll of
the outlook.
Business News and Gossip.
Whatever may be the outcome of the talk
about improving the Liggett block, it can
be said on the best of authority that nothing
will be done this year.
The event of yesterday in real estate cir.
cles was the sale of the Trimble property
on Penn avenue. The price was little below
expectation.
Citizens of Etna borough have concluded
the preliminary work for an electric light
plant. This is evidence of prosperity.
The average reduction in rates ordered in
effect February in Kansas by the Railroad
Commissioners is to cents per 100 on fifth
class freight. Fourth class will also be
affected. Live stock rates also go down
cents
through Black & Baird, the six-story build
ing Nos. 81 and SO Third avenue. for a term
of years at an annual rental of s., 500.
William F. Maxon has sold his member
ship in the Exchange and retired, to engage
in another pursuit.
Philip Grauer has sold to Caroline Mutzig
10Ox34 feet, with two buildings, on Spring
Garden avenue, Seventh ward, Allegheny,
for $4,000.
At recent auction sale in New York 10
shares Real Estate and Auction Room stock,
par 500, brought 105x each.
1t is stated that the Pennsylvania Rail-
road Company will expend 50, 500 600 in put
ting its lines west of Pittsburg in order for
the Columbian Exposition at Chicago
Two permits for the erection of new
buildings were issued yesterday, aggregating
81, l30.
report of the annual meeting OF the
CHARTERS Valley Gas Company appears in
the local columns.
Figures produced at the annual meeting of
the Mapufacturers Gas Company showed
an exceedingly prosperous condition of
affairs. Inc stock was stronger yesterday.
Movements in Realty.
A ]. Pentecost sold for the estate of
Alexander Cruikshank lot. 32176, corner
of Arch and Sampson streets. with two two
story brick buildings. Allegheny, for SO, 600;
also lot, 3lx3l, corner of Sampson and
Friendship Streets Allee heny, with a two
story brick dwelling, for So $50; also a lot on
the Perryville plankroad, 5Sx4l feet for 1925
Black & Baird sold to III. j. Mullen, for
Lowrey & Flynn, lot No. in the Grantor's
plan fronting "a feet on the west side of At
in depth to an alley, for s2,640 The pur-
chaser will improve by the erection of
fine residence in the spring.
John X. Ewing & Co. sold to the Franklin
Homestead Loan and Trust Company, for
John White, Is vacant lot, 23x94, on the New
Brighton read, Eleventh ward, Allegheny,
for $3.50 cash.
A. T. Byers Co. sold for the Ridgeyiew
Land Company to w. L. Gordon, lot No. l25
in their plan, Eleventh ward, Allegheny
City, on the line of the California avenue
electric road, fronting 25 feet on Wyoming
avenue, and extending through e46 ieet, for