Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-07
TRADE OF THE WEEK.
A Steady Upward Movement Noted
Throughout the Country.
IMPORTANT EVENTS IN REALTY.
Lively Whirl in Business and Values on
the Local Stock Exchange.
OFFICE AND STREET NAWs AND GOSSIP

| provement in the trade situation both gen.
orally and locally. Reports from nearly all
the great business centers bear out this
position. 1t was the best week of the year.
Confidence was more pronounced and or2ers
on more liberal scale. Locally there were
number of strong features. Bank clear
ings fell below those of the previous week,
sbut were larger than last year. There was
a more general demand for funds, showing
an upward tendency of trade. Trading on
the Stock Exchange was the heaviest since
! the break in Westinghouse Electric nearly
year ago, and prices for nearly all of the
active stocks were marked up. Real estate,
while characterized by no special activity,
presented strong front, backed by sub
stantial inquiry which means business. Re
suits of the week show that trade is gradu-
ally enlarging. The plethor OF money Is
| opening up many new avenues OF activity.
Another Cherry Alley Deal.
Cherry alley mysteries are being picked
up at lively rate. Black s. Baird closed
the sale of another one of them yesterday,
being No. 968 Liberty street, running
through to Cherry, for S24, 500 spot cash.
| The purchaser is Mr.. Stanislaus Zock, the
Wood street caterer, who recently bought
the Young property on Smithheld street.
Immediately after the transfer the prop
! erty was leased to II. A. Potter for three
years at an annual rental of 81, 800. Con-
,templated improvements in that quarter,
heretofore mentioned, are said to be making
good progress
Taken at His Word.
Ex-Delinquent Tax Collector Thomas
| Phelps has, in a rather unusual way, Just
disposed of tract of about 80 acres in the
Squirrel Hill district. He had put it into
the hands of Ira NJ. Burchfield for sale.
After the assessment of about $780, 600 had
been made the agent took an appeal, and to
back up his contention that the valuation
was too high, with the approval of his prln-
cipal, offered it for $50, 600. An investor,
getting wind of the offer, hunted up the
agent, and on being informed that $50, 600
would buy the property, he closed the deal
at once, paying over $500 on the spot to
bind the bargain. 1t is understood the pur-
chaser is William E. Howley, the railroad
contractor. All who have spoken OF the
deal consider it good investment
One of the Finest
The character of the building to take the
place of Colonade row, on Federal street,
Allegheny, according to reliable lnforma-
tion, has been settled at last. 1t was stated
some time ago that it would be hotel, but
: it appears that this idea was never enter
tanned by the owner, Mr.. Martin. The
pressing need for more business stands on
that thoroughfare determined his action IN
the matter He will erect a business block.
conforming the front elevation to that of
the Boyle building adjoining. 1t will be
modern in all respects, and will be one of
the largest and handsomest on the North
side.
Real Estate Men Moving.
The real estate men of the country have
for some time been formulating plan to
place this important interest on national
basis. To further this end national con-
vention will be held in Nashville, Tenn,
on the 18th, 18th and 18th of the present
month. 1t is expected that papers will be
read from snch economists of national re-
pute as Edward Atkinson and others, and
from eminent jurists on number OF ques-
tions of vital interest to land owners and
agents. A very energetic local committee
has the matter in hand, and it is safe pre-
diction that it will be one of the largest
conventions of its class ever held, and that
it will be truly representative of American
landed proprietors and capitalists. Large
delegations will be in attendance from all
the principal cities.
Big Figures at Forced Sale.
The Schmertz property, on Fifth avenue,
near Book alley, lot %. 6x240 in depth, sold
at Sheriff's sale yesterday, brought S145, 900,
or Sc, 600 foot front, the best price ever
realized in the city, foot frontage alone con-
sidered. But if the great depth of the lot
be taken into consideration it will not ap-
pear so steep, being about on level with
that paid for the Tradesmen's National
Bank or for the Newell property. The fact
OF forced sale at these figures shows that
city realty occupies strong position. 1t
is worthy of remark that the consideration
is more than the assessment
Business News and Gossip.
Stock and real estate brokers were in good
spirits at the windup of the week.
1t was stated yesterday by Mr.. Quinn, the
executor, that the Trimble property sold for
$4,000 more than the assessment for 1892.
j. w. Mcintyre has sold to n. A. Ross six
lots in Coraopolis, Dillon plan, for 81, o25.
Thirtv-two permits were issued during the
week for the erection of the same number of
buildings, aggregating $50 235.
Curb quotations yesterday afternoon
were: Central Traction offered at $4,000,
Birmingham at 2SH, Duquesne and Switch
and Signal held CLOSELY to board figures. For
shares.
Two Of the Cherry alley mysteries have
been sold and another is cooking. 1t is evil
dent the syndicate which gobbled it SO vo-
raciously made mistake.
The speculative feeling is strong on distiI-
lers, and the tip is quite general that it is GO
ing up, and will probably be strong fea-
ture.
McKeesport is to have a $4,000 hotel.
Ground tor it will be broken in u short time.
Movements in Realty.
J.B Larkin s. Co. sold for John Ballantine
IN DR. John Kirker house No 100 Arch street.
Allegheny, being q two-story and mansard
brick, containing ten rooms, with lot 25x120
feet, for SIS 600.
Baxter, Thompson & Co. sold to Mr.. C. 81.
Gray a residence property in Williamsburg
on Pitt street, near Kelly, two-story frame
of eight rooms, lot 31x100 feet, for g. 800 cash.
John L. Ewing & Co. sold for j. Walter
Hay to Martin Boschert a vacant lot, 20 feet
frapt on the New Brighton road and extend
ing back 100 feet, being II feet wide in rear,
and being lot No. 8 In the Keswick Place plan,
private.
Kelly & Rogers sold for P. Shusler to j.
Mckee, brick house on Frankstown ave-
nue. lot e0xl0O feet, Tor 5000; also sold for
Westling to Horst two loss on Kelly street.
for ST. $50; also sold for Bechett to Cain, q lot
on Harvard street, 22xl00 feet for 81, 100: also
sold for G. c. Lewis to Knadel a lot on
Breeds Hill, 24xl00 feet, for $500 also sold
for James Mckee to Jewell and Guthrie, a
small frame house, lot 30xlS7, on Rural ave-
nue. for $500; also sold for Jas. Smith to
Horst, two lots on Kelly street, for 81, $50;
also sold for J. Murray Clark to V. Malina,
cash; also sold for j. B: Crooks to Horst, a
lot on Kelly street, 30 feet, for Sl,250 also
sold to Mr.. Vosbaugn, lot 22x99 feet, for
$500 also sold Tor Stewart to Baird, O lot on
Staunton avenue, 6J feet, for 5000; also sold
five lots, 20xl00 feet, near the intersection of
Black and Rebecca streets, on 40-foot