Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-21

The Position OF the Market Favorable to
Greater ActivIty-Groundless Appre-
tensions Of . Lot Famine-Hillside
Property In Favor With Small In
vestors for Homes.
The realty market displays the usual mid
summer characteristics 1t is dull only by
contrast with the more active portions OF
the year. Brokers. almost without excep-
tion, report more business than year ago.
Many leading dealers declare that in the
long run more money is being made than
in periods of abnormal activity. The
market is steady and reliable. Values are
real, a fact recognized not only by in
vestors, but by banking institutions as we'll.
From these premises it is easy to reach the
conclusion that the situation is full of real
strength. Such dullness as exists repre-
sents lack of speculative activity and not
of investment interest Almost any kind
OF property offered on a fair basis Is sure of
a ready market.
Another phase of the market merits at
tention. Judging from the great number OF
sales effected during the last few years, not
a few people have reached the conclusion
that the stock of building sites is becoming
for such an opinion. The extension of rapid
transit into the outlying districts has made
a magnificent addition to the visible supply.
1t stretches all the way from the city proper
to Braddock on the east and down the river
to Sewickley. The outer wards are full of
it, while on the North and Southsides
there are miles and miles of unim-
has has been taken up Nearly all Of this
is, or soon will be, convenient of access. I'm
proved locomotion has put more property
Unto The saa hays
those of limited means, should entertain no
fears for the immediate future.
They sell as readily as any other property
and bring good prices. Forty years ago
they could not be given away. About that
time the late James McGinness commenced
buying up land along tho hillsides of Soho.
He was wise man and foresaw the possibil-
patton of the lowlands by industrial con-
GERMS He loaded up with this kind of stuff
and bided his time. That he made money
by the operation IL is &c certain, for he left an
most the only purchasers of this sort of
realty, and they turn 1t to good account, as
is demonstrated by the hundreds Of COM
Oakland, Allegheny and the Southside.
Hillside lots are worth looking after.
Ten permits were lsSueQ To-Day 1Or the
same number of improvements, aggregating
$40, $50 The largest are: Mrs. Mary Nichol-
son. frame dwelling on Lowell street, Twen-
ty-frst ward, $1,000 Samuel Jarvis, frame
dwelling on Meridian street, Thirty fifth
ward, 81, 800; - Glass. frame dwelling on
Addison street. Thirteenth ward, 81, 75O
Charles Zalewski, brick dwelling on
Brereton avenue, Thirteenth ward, $500:
Sophia stanton, brfok store room on Forbes
street, Fourteenth ward, $1,000.
W. B. Seattle & Sons have started a large
building on the Baltimore and Ohio Rail
road, near Elizabeth street, Hazelwood.
Renort has it that it will be used for the
of tlnplate.
Colonel W. A. Heron, Of W. A. Heron &
Sons, has been laid up for several days from
Now that the title to the Scheutzen Park
has been settled by the Supreme Court it
will be put actively on the market. It was
plotted several years ago.
Rev. Thomas Chapman has just completed
two handsome brick dwellings on the corner
of Liberty and Atlantic avenues.
SYLVAN Terrace, Oakland, possesses all the
requisites for pleasant homes. 1t is now in
VI Lots ON the southside have been sold
within o week as low as SIS. 1t will be u
long time before the supply of cheap prop
erty is exhausted.
George Dubarry is building two neat
A lot has been secured on Carson street,
southside, near divers Eighteenth street
mill. for a four-story apartment house.
Thomas Miller will soon break ground in
houses, He has one under why.
Those who think improvement IL tagging
shouId visit the Greenfield avenue district
in the lower wards Of Allegheny and learn
". A. HERON 4 Sons to-day closed the