Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-16
CITY REAL ESTATE.
Conditions Under Which Invest.
ments Cannot Fail to BE Safe.
ANOTHER DEALIN EASTEND ACRES.
The Novelty Of Fifth Avenue Business Prop
erty Under the Hammer.
OFFERS NOT QUITE UP TO THE MARX

L
to pay for a home they can find no other in
vestment SO surely profitable. The ques-
tion of taxes, insurance and repairs figures
entirely in favor of the home. The funda-
mental mistake usually made in this prob
lem is in assuming that those who own no
property pay no taxes. This is most delu-
sive error. The truth is, that those who
most sorely feel the weight of taxation are
the ones who own nothing taxable: all that
they consume has been taxed before 1t
reaches them. The tax paid by previous
owners upon articles they consume has been
added to the price of the article. Taxes are
not subtracted from the profits, but they are
added to the original cost; and both taxes
and cost are elements in the final cost of
necessaries and comforts to consumers The
latter do not directly pay taxes, but they
indemnify taxpayers for having paid them.
1t is very safe to say that while the average
landlord will realize 6 per cent profit on
his investment, the one who lives in his
own house will clear u per cent. It is no
matter how the question is approached; its
fair and logical consideration will always
bring q verdict in favor OF house owning
and against renting.
A,reaxe Picked Up.
Another deal in Squirrel Hill acres was
clinched yesterday. Mr.. Thomas Bowes,
well-known insurance man, purchased the
Aiken property for 81, 900. 1t consists of
about five acres, situated on Shady avenue,
south of Forbes street, and adj joins the tract
recently purchased by Park Bros He will
erect handsome home for himself on part
of the ground and market the rest 1t is
the intention of property owners in this
locality. to continue the 100-foot avenue
from Whiteman street to Shady avenue.
This will meet long-fel want for a good
thoroughfare from East Liberty to Schen-
ley Park. -
Special Featzres OF Trade.
Mr.. j. C. Dick has sold, bought and traded
upward OF sl0o, 900 worth Of property within
a month.
j. H. Coleman & Co. report good prospect
for disposing OF the Armstrong properly,
about nine acres, corner Of Shady avenue
The property No. % Fifth avenue, lot aosx
by Thomas Hutchinson, was offered at
auction yesterday by Black & Baird, but was
withdrawn on bid OF S43, 600. It is assessed
at s4s, 700; and ought to bring that much At
Reighard. W. ". Wattles. ]. P. Quinn and
George Dimling. The property will be
in the market at private sale for a few
Edeourn & Cooper paid s23, 900 for the Full
ton property, No. 40 Grant street.
Thomas R. Loughrey has purchased from
Samuel Martin residential property on
24xll6, for So. .000 ..--
Little was done yesterday in financial
way. Stock brokers think the ira ctions are
in good position for rally. 1t is thought
nf O ahur
will be settled next week.
Extensive improvements will be made to
Williamsburg streets during the summer.
Reported by Agents.
Real estate matters were quiet yesterday,
owing to the holiday. The only matter of
Importance that was mentioned was that
the city is getting along satisfactorily with
It's Highland Park dtckers.
Black & Baird sold to j. H. Watt lot on
the corner OF Mcpherson street and Linden
avenue, Boulevard place, being No. "a in
the Boulevard plan, having frontage OF
about 60 feet and being smaller in the rear,
J. e Glass sold to James c. Dick leo feet
front on Boquet street, corner Of Wfmot
street, for $22 00O
James w. Drape & Co. sold q brick house
and lot in Second ward, Allegheny,for 81, ,OO0
also, Is lots in Munhall Terrace plan, Home
stead, at $500 to s400 each; also an interest
gheny, about ~ acres, for s.. .5O0 also. colat-
eral interests in two suburban properties of |
ss 900.
Reed B. Coyle Co. sold lots Nos. 2l7 and |
and 2l8 in the Linden Land Company's plan, !
fronting liz feet on Juno street, + ourteenth |
ward, by lS3 feet in depth, Tor $3.50. These |
lots face Schenley Park.
j. F. Denniston sold a lot in the Twentieth /
ward, COX $50 feet on d DeHniston avenue, to j, |
Ii. Corcoran, for $13, $40.
The Travelli lot, 26x5ls feet, in the Eight |
senth ward, has beer sold to c. P. Tiers for |
us 800.
S. A. Dickie & Co. sold for B. Reimensnider
10 j. A. Warden lot 25xl20 1eet on Ara
BELLA street, near .aDenniston avenue. for
j, 800
Charles Somers sold for John H. Miller his
grocery store, located at No. 80 Twenty
'eventh street, Southside, including stock,
l ixtures. leasehold, etc, for S, 900. James Il.
Ste wart was the purchaser.
A. q. Byers & Co. sold iorJ. Harper Adams
20 George WeltZel a vacant lot having
rontage of 96 feet inches on Perrysville
venue and extending through 14O feet to an
alley, on line of the Perrysvllle Avenue
Electric road, Tenth ward, Allegheny City.
$1,000.