Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-11
FEATURES OF TRADE.
Additional Sales of East End Resi-
dences and Acreage.
ANOTHER RAPID TRANSIT SCHEME.
Practical Unanimity Of Stockholders Against
Selling the Exchange.
POINTS IN HONEY AND SPECULATION


John Straub, the well-known Bloomfield
brewer, closed deal yesterday for resi-
dental property on Rebecca street, adjoin-
ing the old Ardary homestead and near the
site OF Christ M. E. Church, now in course
of erection. The consideration named was
So, 900. Another transaction in the same
locality involving S1s 900, was reported, but
none of the people interested would talk on
the subject.
Eighteenth Ward Acreage.
Several pieces of acreage have recently
changed ownership in the Eighteenth ward,
on and near the Morningside road. John
Wesley has purchased five acres one square
from Stanton and Negley avenues, which
will be sub-divided and put on the market
at once. Investors should turn their at
tention to this district, as it has every
quality for good residence section. Move
ments are in progress for an electric road
from Negley avenue to the Sharpsburg
bridge, to be operated by the Duquesne and
Citizens companies. r. F. Morris has
plotted his property in the Ingram Villa
plan and it is now for sale by w. A. Cole.
This property fronts 341 feet on the pro-
posed electric road and possesses many at
fractions for home-seekers.
Brinton and Bessemer.
Surveyors have about completed their
reference has been made The object of
these surveys is still something of mys-
terry. 1t is said that they are in the inter-
est of one or more of the local railroads 1t
is known the Pennsylvania Railroad pur-
chased, not long ago, several acres near
Bessemer to give more yard and switching
room. A plot of ground between Turtle
Creek and the township road, above the
bridge, purchased last fall by the Carnegie
firm from Hon. John Dalzell, has been
staked off. but for what purpose is not
known. The report that Carnegie's Thirty
third street mill would be removed to this
place is officially denied. Something i'm
portant is in the wind, however, and it will
come out in due time.
Improvements In Gotham.
Pittsburgers having interests in New
York will no doubt welcome the informa-
tion that an office building fever has broken
out below Wall street. Big fire proof struc-
lures of the modern kind are in course of
erection at William street and Exchange
place and at Broad and Beaver streets.
Property is being secured on Broadway and
New streets, between Wall street and E1-
change place, by the Manhattan Life In
smance Company for an imposing building
of the kind mentioned. Adjoining the
Edison Broad-New street building on the
south will rise IA stories of stone, brick and
iron for commercial purposes
A Genuine Surprise.
The result of the stockholders' vote YES
terday on the proposition to authorize the
sale of the Exchange property for not less
than $3.50, 600 was q surprise to many. 1t
had been thought that the object of Whit
ney & Stephenson in acquiring a majority
Of the stock was to either purchase the
building or put it in the market. When
John Mcbride announced that he would
cast the vote of this firm against selling the
property he almost paralyzed the crowd.
The unexpected had happened. The ques-
tion was settled in the negative, and subse-
quent proceedings, as in the case of All Sin.
had no further interest. The action of
Whitney & Stephenson is supposed to have
been based on the prospective enhancement
of values in that quarter. Mr.. Stephenson,
on being interviewed after the ballots had
been cast, said he understood certain
broker in the city had said ne would have
the building if it cost 5000, 1000 and added:
eve are waiting for him to come along"
Business News and Gossip.
lease involving upwards of $1,000 was
closed yesterday by downtown firm.
The Singer property. at Williamsburg, will
soon be subdivided by the owners, offers to
sell it having failed to attract satisfactory
prices.
Stockholders of the Washington Oil Com
pany will, on April 6, vote for or against q
decrease of capital stock.
A majority of the stockholders Of the
Edison General Electric Company having
assented to the agreement of consolidation,
the committee or the stockholders now an
nounces that such agreement is operative.
A new financial institution has been organ
lied at Alliance, o. 1t is called the City
The Consolidated Gas Company, Of Kit
tanning, has sold its plant to a Buffalo, n.
Y, syndicate. The capital stock of the COM
pany was sl'oo, ha IN sin shares res OF Soe eeoh the
OF S39 per share.
Directors of the Pennsylvania Cooling
Company elected yesterday are: A. j. Law
renee, Samuel c. Grier, Barton Grubbs, John
c. Hetzel, James McAfee, R. C. Tannehill
and Francis j. Terrence.
Eight permits were issued yesterday for Is
ant was taken out by NJ. p. Walsh for
eight frame dwellings on Carson street,
Southside, to cost 81, $40. The cost of all is
estimated at SIS, us.
Move ments In Realty.
The Pittsburg Company, which was organ
lied to build up the town OF Ellwood, has
given q mortgage for $500, 900 to a New York
trust company in order to raise money to
continue their work of improvement.
W. A. Cole sold for John Wesley an eight
roomed frame house, situat ted on a lot 5O1l5O
feet, on Baxter street, Bank of Commerce
addition or extension, Brushton, for S., 5Oo
He also sold for John Wesley to George H.
CARRIER, a six-roomed frame house on a lot
S!xl39 feet, situated on Bennett street.
Bruslton, for 81 500.
Black & Baird sold to G. D. simen a, three
story brick house on Mcpherson street,
boulevard Place, East End, with lot 5O1l4o
feet, for S. 900.
John X Ewing Co. sold a two-story'
frame dwelling of six rooms and bath, with
lot 20xso to an alley, being the property No.
242 Arch street, Second ward, Allegheny, to
J. NJ Johnston, Cor 50, 500 cash.
Peter Shields reports the sale of lot No.
1876 30x9O feet in the Greenfield avenue PLAN
Twenty-third ward, for 81 ,05O.
Charles Somers sold for Mrs. Isabella
Smeigh to Mrs. Laura Dodds, a residence
property situated on Holden street, near
l. ~ -Ar~'