Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-27
CITY REAL ESTATE.
Prominent People Said to Have Made
q Nice Haul in the East End.
TWO LARGE BUILDING SCHEMES.
Advantages Of Western Pennsylvania Sub
stantially Appreciated. e..
FEATURES OF MONEY AND SPECULATION

| among several In terestlng rumorS In real
estate circles yesterday was one that E. w.
Bigelow, Robert Elliott and George Pea
body, the contractor, had just consummated
the purchase of about 500 feet Of ground on
McCully street, between Negley and High
land avenues, Nineteenth ward, for which
they paid in the neighborhood Of S25, 900, or
at the rate of $50 foot frontage. The pur-
chasers will, according to information, i'm
prove this property with a number of good
dwellings. The contract for paving Nc
Gully street has been let.
Manufacturing Advantages Appreciated.
Western Pennsylvania is the Mecca of
manufacturers. Abundance OF fuel and a
perfect system of transportation bv rail and
water to all the markets of the country
give it advantages possessed by no other
section to produce quickly and cheaply.
Nearly every town of any Importance in
the western tier of counties is sustained
in whole or part by manufactures, and those
hitherto backward in this line are taking
steps to repair the blunder. New Castle,
Lawrence county, is wide awake to the inn
portance of this matter and is welcoming
with hospitable hands the representatives
of large steel concern in operation at
Worcester, Mass, whose specialties are
springs and continuous rolling. mills. 1t is
thought they will locate in New Castle, as
they have practically agreed upon a four
acre site for their buildings. Pittsburg is
deeply interested in all movements of this
kind. for, being the distributing point for
200 miles around, every industrial acqusi-
tion by surrounding towns brings grist 20
her mills.
Two New Building Schemes.
A. &,I
building statistics show that great deal is
going on in this line. Old schemes are ma
turing and new ones are coming forward al
most daily. 1t was learned yesterday from
an inside source that Hon. David Kirk is
contemplating the erection of u or IA hand
some dwellings on Darragh street, between
Fifth avenue and Ursuline terrace. 1t was
also learned that a prominent bank officer,
in onjunction with Southside improve
ment company, is making arrangements for
the erection Of between 80 and 40 houses
in the Oakland district.
Special Features of Trade.
Frequent sales show that large properties
are in request. Investors have confidence
in real estate.
1t is rumored that the Mcveigh property
at Hawkins Is about changing hands.
Only two building permits were issued
yesterday, both small, aggregating s775. A
rapid pace cannot be kent up Indefinitely.
Dizziness in local securities does not mean
weakness The slumps occasionally noted
are purely artificial, as shown by the ease
with which reactions are brought about
Mr.. c. Beringer, the well-known real es-
tate broker, has purchased ten acres OF land
in kilbuck township for $4,000
Tuesday next at o'clock P. NJ, A. q.
Byers & Co. will offer at public sale the ele-
CANT residence property No. Ill Fayette
Boggs avenue Mt. Washington is building
up faster than any other street on either
side of the river. The ajority OF improvers
are Germans.
: The Luster Mining Company has employed
a competent man to take charge of its
financi and general business in Mexico
Henry NJ. Long Yesterday sold $50 900
cent bonds at a satisfac ctory price.
E. p. Long sold small amount of Electric
At the end of the last stock call yesterday
esL
Pittsburg national banks hold az, ,os4 5s3 of
deposits, against s24, ts9, o6o at the same time
Additional Points in Realty.
Among deeds recorded this week is this:
Charles E. Speer to Oakland school district,
lot in Fourteenth ward, 300x3o0, Boquet
street, s25, ,OoO
Larkin Kennedy sold for A. c. Hurst, of |
Pa, lot on a corner of Friend |
ship avenue and Amber street, Baum Grove |
plan, 4Oxll0, for q price approximating So 900. |
Holmes 4 Co. sold for the Grove Land |
Company, lot No. 70 in the Grove Square |
plan TO Stewart Haslett. for $500; also lot No. |
s2 to Sias Norton for $400, and lot No. So to
L. C. Hunter for S400.
The Burrell Improvement Company re-
port the following sales of lots at Kensing-
ton: Lewis c. Wick. Butler Pa, north half |
lot q and all of lots % and 26, block 8, for
3 900; Henry Rabe. Pittsburg, lots Is and IA
and two feet of lot 15, block s. for So DIG.
Black & Baird sold to Charles Zalewski
lot No. g. block 5. in the Denny estate plan,
fronting 25 feet on Brereton avenue by l25
In depth to an alley, for $L025.
j. E. Glass sold for j. G. Dick lots Nos. IS,
36, 81, 80, 80, 40 and Al, in the J. C. Dick plan
1t Sheraden Station, for 81 750.
John X. Ewing & Co. sold to Daniel b.
Craft, for John K Ewing, the property No.
2 South Diamond street, Fourth ward, Alle-
yheny. being two-story house of six rooms,
hall and attic, lot 23x60. on private terms.
Reed r. Cole sold lots Nos IS, 80, 40 and Il,
IN their Glenmawr Park plan af Haysville,
Fort Wayne and Chicago Rail.
way, each SOx1lo feet, fronting on Riverview
venue, for $780,
A. j, Pentecost sold to John II. Batten for
;he estate Of John B. Chambers. three brick
houses on LOCUST street, Nos 20l, 203 and 205;
llso one two-story frame dwelling on
'rayer street, Firth ward, Allegheny. Price
l3, ,975.