Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-02
PENN AVENUE DEALS.
Two More Properties Picked Up by
People Who Will at Once
MAKE VALUABLE IMPROVEMENTS.
Januarys Good Business Record Supple
mented by a Bright Outlook.
MILLIONS PUT INTO NEW ENTERPRISES

rem avenue continues TO monOpOl1Ze tne
lions share of attention in downtown real
estate circles. Following half dozen or
more deals Of recent date on that thorough
fare, two more were reported yesterday. Mr..
b. Childs, the shoe man, and another prom
inent business man whose name is withheld,
purchased the DR.. Dake property, Nos. 813
and s15,adjoining NJ. Oppenheimer & Co. s,
for 100000. The lot is 45x1S0 feet. The
house is handsome double four-story
brick, which the purchasers will tear down
when they get possession in April and begin
the erection of two fine eight or nine-story
business stands, plans for which will be
prepared at once. These improvements,
with two others adjoining by w. H. Keech
and Levi Wade, also to be started in April,
Will give Penn avenue quite lift Its full
conversion to a mercantile street is only a
question of time.
Retrospect and Outlook.
The good showing of January over the
same month last year, together with larger
measure of confidence and brighter out
look, are factors which should not be over
looked in any estimate of the business sit
uation. Improvement will continue as the
season advances. The spring trade will
soon open, when merchants will begin ship
ments to interior points. Judging from the
success of travelling men in securing orders
sales will be exceptionally heavy. The c.
lumbar Exposition, in Chicago, which will
be practically inaugursted near the close of
this year, will bring millions of dollars into
the country from abroad, to the benefit of
all lines of trade, so that the forward i'm
pulse already felt is likely to continue all
year.
New Business Enterprises.
The United States Corporation Bureau re-
ports the list of new, completed corpora
tions in the United States for the week end
ing January %, as follows: Total corpora
tions, 354; total capitalization, sos, ,0S7 ,645,
distributed as follows:
Mercantile and manufacturing
companies, $50. 30...................$ $S3 024, ,095
Banks (not national) and invest
ment companies, B. 10000
National banks Ito January 13,
Gold, silver and other mining and
smelling companies "a. 4...e.... 10 ss2, 900
Coal and iron companies, L.. ... LASS, 500
Light, heat, power and transporta-
ton companies, ,H................ s,sIs, 500
Building and loan associations, g.. 2,0l0,O 600
Irrigation companies, 4....... l,l20. 900
companies, 145. ...... Sc, ,332, $50
Anthracite Coal Trade.
The advance of 25 cents in prices made by
the anthracite coal sales agents, to take
effect at once, will add considerably to the
income of the coal companies, all OF which
are pledged to adhere to the higher rates.
The February production is placed at 2, $780,
900 tons. No action has been taken on the
question Of the allotment of percentages for
the year. In this connection it is important
to note that coal a trust has been organized
west of the Mississippi River to combat the
coal dealers of the Eastern States. The
Colorado Coal and Iron Company, and the
Colorado Fuel Company are reported as
being the leaders in the combination.
Business News and Gossip.
Members of the Episcopal Church, Will
kinsburg, are talking of building rectory
on the hurch lot.
Lumbermen are confident of a prosperous
year. As rule stocks are light and an in
creased demand may reasonably be ex-
pected.
Some large corporate money lenders have,
it is stated, abandoned the attempt to place
funds in time loans, and are seeking en-
ployme 1t for their money in the bond mar
ket.
Benjamin H. Sutton has sold to Jennie C.
Follansbee SSx240 feet on the New Brighton
road, Eleventh ward, Allegheny, with i'm
provements, for S., 500
The Hubley mansion, Williamsburg, ately
purchased by Murphy & Diebold, is to be re-
modelled and q tower will be added.
Shippers whose grain failed in the late
blockade to get to market, resulting in big
losses owing to the decline in prices, will
now, it is stated, bring suits against Western
roads.
Six permits for new buildings-all medium
or small-were taken out yesterday, aggre-
eating SIS 040.
Arrangements have been made by Major
A II P1Of for fha Of
buildings at Valley View. Work will begin
It once.
Movements in Realty.
S. A. Dickie & Co. sold for ]. A. Murphy to
J. C. Warden a lot 25xl40 feet on Mon
icello street, for $3.50.
A j. Pentecost sold lot No. 23S in his plan
If Valley View, CHARTERS Valley railway,
With frame dwelling, for 1915.
Black & Baird sold to j. LedIie Gloninger
If their firm, a new two story and mansard
Prick dwelling on Forbes street, near Craig,
With lot 25x1l5 feet, for S., 600.
Reed B. Coyle & Co., sold the property 34S
street, near Penn avenue, con-
listing of three frame dwellings of three
ooms each, with lot 22x70 feet to an alley, for |
price approxmating $500. |
The Burren Improvement Company report |
be following sale of lots at kensington: |
irs. Annie Haft, lot n. b. 80, block 8, 1915: |
Joseph Christafaro, lot 5, block 3, $3.50; Mrs. |
annie Haft, s. h. As, block 8, 1915: Mr.. E. w. |
'orter, lots l3 and IA, block II, sl237 30; Gui- |
eppf Camnata, lot lao, block !. $375 cash.
". K. Hamnett & Co., of Williamsburg, sold |
house and lot on hay street, Williamsburg,
or $4,000.
John X. Ewing & Co. sold for Phillip
mith to Mathew j. Finn new two-story
rame house of seven rooms, hall, etc. being
he property No. 36S Rebecca street, First
Vard, Allegheny, for s., 900.
MONETARY FEAruREs