Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-19
LANDS AND HOUSES.
A Sale Which May Stir Up Things on
Ohio Street, Allegheny.
SIGNIFICANCE OF THE BANK DEAL.
One Of the Owners Talks Freely Of the
Future Of the Liggett Block.
FEATURES OF HONEY AND SPECULATION


volving about $40, 900. or at the rate of S175
foot front for the lot. This is about the
regulation price on that part of this
thoroughfare A. sale further down, near
the German National Bank, short time
ago, was at a slightly higher figure.
Considering its situation and advantages,
real estate movements on Ohio street are
unaccountably slow, and building is even
slower. 1t is, beyond question, the most
conservative district in either city.
Bank Deal and Liegett Block.
The deal by which the Freehold Bank
property passed into the hands of Mr.. Matt
Weiss was the subject of considerable talk
in business circles yesterday. 1t was
learned that Mr.. Weiss had renewed his
lease on his present quarters for another
year, and will not, therefore, occupy the
bank building until after that time.
There was much speculation as to what, if
any, connection the transaction had with
the Liggett block, of which Mr.. Weiss
present stand is a part. Investigation
threw considerable light on this subject. In
conversation one of the owners said: ''Noth-
ing will be done with this property at
present You may say as emphatically as
you please that it is not for sale. We may
ultimately extend the Kaufman building
so as TO cover the entire block, or we may
erect new building of a different charac-
ter. But the time for this improvement is
so far off that We have made no definite
plans. Everything is liable to change
1t was learned from another good source
that the Kaufman lease will expire in six
years from next April. By the terms of
their agreement with the Liggett estate
they will then have the privilege of re-
Hewing it for two periods of five years each,
extending their probable tenure of the
property for term Of 16 years from next
April. It is doubtful if any general i'm
provement will be undertaken before the
lapse of all the leases. Still, it is possible
that q satisfactory proposition from re-
sponsible source would be entertained.
New Corporations.
The United States Corporation Bureau re-
ports the list of new corporations in the
United States for the week ending January
s, 1892. as follows: Total corporations 800.
Total capitalization, SS7 $40, 200, distributed
as follows:
companies, is7 :......:":.....:: :: sls7ss. 800
Banks mot national) and invest
ment companies, I0....... $1,000
1891 ....................... 10000
smelling companies, 90 ........ 37,243, 900
Coal and iron companies, ,4......... 1,5O0,00O
zion companies I7................ a,5os 900
Building and loan associations, g.. $780, 600
Irrigation companies, 3...... 355 600
companies, 1872. q, ,2i9, 900
Business News and Gossip.
Yesterday was a bad day for real estate
men. 1t was almost impossible to get buy
ers out TO look at property.
A. j. Lawrence s. Co. yesterday sold 5000
United States Coupon As at l1615 fiat
Sophia Stocks took ont permit yesterday
for an addition to her residence, on Rowan
street, ct small cost
1t is officially stated that the Baltimore
and Ohio has sold s., ,Oo0 600 of common stock,
issued at par, to = London and New
York syndicate.
The sale Of the Freehold Bank property
was effected through the agency of c. L.
Straub & Sons.
A dicker is in progress for a large manu-
site in one of the river wards.
Henry Harper and other Pennsylvania |
Denver, for the manufacture of aluminium
and magnesium by electricity. The capi- |
tai is 81 100000. |
The Wheeling and Lake Erie Railway has
the cities of Wheeling and Steu- |
oenville, to begin February !, next.
1t Is said tEat the StSnG3rd OIL 1ntereS Is |
have bought upward o: $1,000 coo Missouri, |
Kansas and Texas seconds during the last |
lew days.
L. Shriver & Sons, of Cincinnati. propose |
% erect a branch of their architectural |
ron works opposite Charleston, W. Va.
According to report an increase in the |
dividend rate of the Pennsylvania Rail- |
,oad Company is not improbable at an early !
late
Adelaide winterholter has sold to Ellen |
Y. Burke, eII1oS feet on Marion street, Sixth |
.ard. for 81 500.
The annual meeting of the Spliced Rail |
Toint Company was held yesterday and the |
I'D officers reelected.
The CHARTERS Valley Gas Company will |
lold its annual meeting January %.
Movements I'm Realty.
Liggett Brothers sold for Bell & Caldwell |
lot 96x126 and a new brick house Of eight |
oon,s and all modern convenierces, on |
lowe, near O'Hara street, for Sc, i20, cash. |,
The house IS not yet finished. This leaves |
,ut one house unsold of five built at this
,oint by Bell & Caldwell, all having been
disposed OF before finished, and tending TO
how q good demand for this class of prop
rty in the East Fad.
C. L. Strauh & Sons sold lots IS and 10, each
7kx4s FairmoGnr Place, Nineteenth ward,
o Anton Xix, for $500.
Black & Baird sold to Patrick McNamara
he north half of los No. 81 in the John A.
son plan. at Linden station, for $3.50.