Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-03
TRADE OF THE WEEK.
Things in Good Shape Generally,
With an Improving Outlook.
A FINE RECORD FOR SII MONTHS.
Several Interesting Events in City and
Suburban Real EstatA
SOME FRESH BUILDING INTELLIGENCE

to be surprise to all and revelation t.
many. As sized up by experts, the vol
ume of general trade during the period in
dicated has never been matched In the his
tory OF the escountry. This result shoul'
give to the remainder of tho year swim,
which will elevate the standard Of pros
perity still higher. The outlook encour
ages the most sanguine anticipationA Crop
promise yield scarcely second to that o
last year.
From . Local Standpoint
Locally the roundout was equally encour
aging. There was full recovery of conf
dence, which was badly shaken at the be-
ginning of the year. Nearly all of the great
stock corporations improved their financial
position. Operations OF the Clearing House
were heavier than ever before with the ex-
ception of 1890 Exchanges were nearly
$42 000, 900 greater than for the like period
in 1891. The large disbursements of July
dividends and interest will release vast
amount of money which will seek invest.
ment and stimulate the demand for real
| estate, stocks and bonds. Building will re-
ceive fresh impetus. The only cloud upon
the horizon is the trouble in the iron trade,
Big Southside Deal.
As stated in THE DISPATCH yesterday,
Mr.. D. o. Cunningham purchased during
the week the large window glass plant Of
the 7. Campbell Company, corner of
South Twenty-irst and Mary streets, South
side, for price close to $40, 0O0 The sale
questioned yesterday as to the future Of the
I. Campbell Glass Company, Mr.. Lar
kin said: "The Campbell Glass Company
were compelled, for want of room, to build
large factory at Blair station, and having
one of the finest plants in the country at that
point they have concluded to concentrate
their capital and energy in the new town
under one management The works at
Blair will cost, when completed, $50 900,
and will include the most substantial and
modern improvements. They have five
acres of ground and their own gas we'll, and
the sale of their works and the massing of
for Blair" Mr.. Larkin further said: sThe
two glass factories at Blair station will be
in complete operation by September l, and
will have cost S200, 900. The only difficulty
to encounter now grows out of inability to
furnish houses We must make provision
for 100 families within the next two months,
and that means that 100 houses must be put
up between this and that date"
Buyers Taking Hold.
Nearly all the real estate brokers did .
satisfactory business last week. Investors
were more eager than for some time, and
talked closer to the point. Morris & Ais
bitt, tor example, made II sales, aggregat-
ing nearly $25, 900, among them being that
of the fine residence Of Mrs. Rebecca s.
Whitman, on the Ridge, at Ingram, the
purchaser being Mr. j. D. Santers, who is
prominently connected with the oil trade.
Sales on Murray Hill Avenue.
The Yoder Land Company yesterday
closed the sale to Mr.. Ben Traw of five lots,
Nos. At, 49, 30, 81 and 81, on Murray Hill
avenue, at q price appro1imating SIS, 500.
The same com pany also sold to Mr.. Will
lam Clapp piece of ground fronting 1856
feet on the same avenue, near Wilkins, for
$12, 900 cash. Mr.. Clapp is having plans
prepared tor fine dwelling on this lot.
Anna B. Marsh purchased lots 6H and Z,
same locality, for $1,000 cash. She will
build during the season.
East End Residence Picked Up
1t was reported yesterday that the volgt
residence property, on North Highland
avenue, consisting of a lot 40x160 and good
two-story frame building, had been sold for
with making the sale, but on being seen de-
clined to give any additional information.
Special Features Of Trade.
Reports of business the past SIX months
disarm the critics. The country is wonder.
fully prosperous.
Banker Harper has about completed ar
for building nearly q dozen
houses on Bedford avenue above Fulton
street.
Forty-six permits were issued last week
60 buildings and additions,
costing, according to estimates. s97, $50.
There was none Of special Importance.
Monongahela street, Hazelwood, running
through Oliver Terrace, is being graded and
will be paved later on. This II q much
needed improvement.
Two Or three transactions in Nineteenth
ward realty were brought to head during
the week. One was closed yesterday involv.
Ing 160x20O feet on Callowhill street, near
avenue, at the rate of $50 q foot
front. Itis said the purchaser will erect a
sell the rest.
The Duquesne Traction people have night
gangs at work on Neville street, near Els
worth avenue, completing the change Of
route from Craig.
The figure realized for the Allegheny
County Light Company property on Virgin
alley was about $3.50 a foot front-not bad !
Tor ground only S3 Ieet deep.
The Asa Rowand William Jones and Otto |
F. Felix houses on Murray Hill avenue are
nearing completion.
Al ex-newspaper man has purchased lot |
on Stanton avenue, between Negley and |
Highland, upon which he will build an
Sic, ,030 house. |
Il S. A. stewart sold on Friday a house |
and lot on Hay street, to DR.. Robson, for |
Sales of local stocks on call last week, five |
days, aggregated 4,563 shares and $40, 900 |
bonds. Birmingham Traction led with 779 |
shares.
The erroneous report of dividend by |
Pleasant Valley almost put several brokers |
In 4 hole. On the strength of the report they |
started out to buy at aa an advanse Timely
have bsen credited to Hand street bridge. |
The error was made in writing the adver.
tisement on u sheet containing the Pleasant
The Board of Directors Of tho Peoples
Natural Gas and Pipcage Company have de-
olared q quarterly dividend OF per oent,
payable July 20. Transfer books closed from
July lb to 20, both inclusive.
Tho Union National Bank has made An ad-
iition Of $4,000 to its surplus, making 1t
100000
Additional Points in Realty.
W. C. Stewart sold for Mrs. Rebeocs 8.
to Charles F. McKenna, ESQ, the
Sen-known attorney, a lot 75xIsO ON Craig
treet, adjoining the residence recently pur-
chased by him, for $500.
John K. Ewing & Co. sold for Jas. r. NC
luaide and A. j. Montgomery, to j. G. BEN
lett & Co., two lots, 20xl10 each, on the west
ide of Buena Vista street, near North ave-
lue, Second ward, Allegheny for a price |
600 cash. They also SOLD
o Mrs. Sophia Veil a lot 24xlA on Ellis ave-
'ue. in the Mayfeld plan, Tenth Ward. Al
egheny, for $3.50.
Baxter, Thompson & Co. sold lot 81, Ruch
,lace plan, Thirteenth ward. fronting 27
eet on Ruch avenue and extending back IS
Wi Wi nf faot in tho for |