Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-20
TRADE OF THE WEEK.
Unfavorable Weather the Only
Known Preventive of Expansion.
REAL ESTATE RATHER SLUGGISH.
Important Business Movements Cleaned
From Inside Sources.
FEATURES OF MONEY AND SPECULATION

The business movement the past week
was, in the main, below expectations. The
prolongation of the cold snap, almost be-
yond precedent, was unfavorable to the ex-
pansion of trade. Distribution was accord
ingly limited to immediate necessities.
There was some betterment in financial af-
fairs. A slight Improvement in the de-
mand for money was detected. It was too
SMALL to make much difference in the sup
ply, but was encouraging as indicating the
beginning of the spring rally. Speculation
declined as compared with previous weeks,
and values assumed lower level This re-
dictionary disposition was due to the fact
that the absorptive capacity of local dealers
had reached its limit. But the majority of
holders held their ground against the press
ure, and offerings were meager. This was
especially true of traction stocks and bonds
Iron was unsatisfactory.
The week in real estate was productive of
nothing of special Importance. A number
of good-sized transactions were consum-
mated and reported, but the market as
whole was quiet and retiring. This was not
due to lack of interest, but to the inclem-
ency of the weather and bad roads. 1t was
almost impossible to get people out to look
cautious, they could not be induced to strike
bargains on representations of owners or
agents Settled weather and solid roads
will remove this impediment Confidence in
realty is strong, and prospects for the re-
malnder of the year are fatter1ng.
What People Are Doing.
The schmertz and adjoining structures on
Fifth avenue will not be disturbed this year.
One of the owners refuses to join the build
ing combine.
A lady in McKeesport, whose name is
omitted by request, has given to Bishop
Phelan los acres near that city as q location
for reforrnatory institution.
E. S. McLain s. Co. yesterday closed a con-
tract with the Chambers Glass Company for
1500 600 fire brick.
Tho Standard Elevator Company of Chi.
cago, represented in Pittsburg by De Witt
Dilwortn. has secured the ntract for three
elevators in the Solomon & Ruben building,
TO be erected on Smithfeld street.
The tools are stuck in the Blair gas well
within 100 feet of the sand. 1t is q fair well
as ii is.
Frank McCann has had plans prepared for
3 siI-story warehouse on Third avenue near
Market street. He purchased the lot last
fall.
The report that Solomon & Ruben will use
the old walls in the construction OF their
Smithield street building is incorrect. The
building will be new from the foundation up.
The Blair Land Company contracted yes
tcrcay with Bryant Jones: of the South
side. for ten handsome dwellings, to be COM
p,eted by July l.
Mr.. stephen Tener, Secretary of the Oliver
Wire Works, is finishing nice residence on
Hszelwood avenue, near Second.
+. J. Fertig has sold to +. n. Ley lot 50xe4,
with good brick building, on Perry street.
Third ward, Allegheny, for $4,000.
General Business Notes.
block OF Panhandle stock sold in New
York at 25l..
Yesterday afternoon the Peoples Pipeage
Company announced dividend, quarterly
and extra, of per cent This makes up for
tie rnisfit OF last October
1t is still denied that the Westinghouse
Electric Company will enter the Thomson
Houston combine The local compapy
seems disposed to let well enough alone
Twenty-siI permits were issued last week |
for the same number of Improvements, none |
total estims ted cost was figured at $3l725.
Henry Il. Long has strong faith in Pleasant |
Valley. He was about the only buyer OF the |
stock last week. |
yesterday looking for a business stand. So |
far as known he has met with no encourage
ment-
Transactions by Agents.
NJ. f. Nipple Co. sold to John H. Straub,
for A. c. Beeson, new n-room Queen Anne |
house, with lot 5Oxl4O, on the west side of
Rebecca street, Twentieth ward, st a price |
approximating $4,000.
Black 6 Baird sold for John P Shaffer the |
well-known Wylie avenue merchant new
Queen Anne brick house, situate on the west |
side OF Amber street. Baum Grove plan with |
lot 40Xl2O feet for $1,000 The purchaser was |
John h. Ewing & Co. sold to Mrs Sarah |
Radcl fl, n two-story brick house of six |
rooms, hail and attic, with lot 20xlO0, on /
Rebecca street, First ward, Allegheny, for |
So GOO cash
Ira NJ Burchfield sold two lots in Oliver
Terrace plan, Hazelwood avenue, for S3 SOa |
The purchaser Will build.
Hoffman & Baldridge sold a new and mod /
ein brick house of eight rooms, on Kelly
street Williamsburg, with lot 4sxl20 feet to
an alley, for Sc, 500 cash. Also lot No. 20 in
Palmer place, SwiSsvale, 40xl20, for $500
4. Z. Byers & Co. sold ior the Ridgeview
Land Company to 1. T. Faulder lot No. 63 in
their plan, Eleventh ward, Allegheny City,
on the line of the California avenue electric
cars. fronting IS feet on California avenue
and extending through l60 feet to Massachu-
sets avenue. for s, 100.
Engineer X. Swan to David A. Wilbert va
cant lot in the Twenty-third ward, near
Hazelwood station, fronting "A feet on Sec
ond avenue and extending 2ls feet to Smith
street. for So, 900 cash.
W. L. Hamnett & Co., of Williamsburg,
have placed a mortgage on Wilkinsbur /
residence property OF $1,000 for three years,
at per cent.
Baxter, Thompson Co. sold lot No. A7
Bank OF Commerce addition plan, Brushton |
StiIlOn. fronting ~ Ieet on FrankStown av- |
enue by 40 feet 20 20-foot alley, to II. L
koller for $500
The Burreu Improvement Company re-
port the following sales at kensington the
new manufacturing city on the Allegheny
Valley Railway: Robert j. J.>Cunningham, |
Manoryille, Pa, lot 81, block Is, for $722 so;
James Carson, Allegheny, Pa, lot &c block
Is, for S6sl 80; George B. Miller, Mansfield,
Pa, lot IS. block 6, Tor sS25 cash; Alphonse
Recaille, Tarentum, Pa. lot 81 block g. for
$500 casn: Stephen Horn, Natron;,, Pa, lot |
g., block s, for s4SS 70; Thomas Edgar Pitts
burg, Pa, lot Isl, block 6, for $40; Leonardo
Bardanara and Joseph Baruanara, Taren-
tum, Pa, LOT II, block 4, for $3.50 cash; An
thony Duhl, Pittsburg, Pa, lot 81, block Is,
for S637 So Salvatore Cutanzaro McKeesport. |
Pa, lots 80 and 5s, block 4, for sl0i2 SO;
Jacob Miller, kensington. Pa. lot Co. block |
IL, Tor $3.50 20 John d. Hall, Parnassus Pa,
lot l, block !, for 1852 30: Edward NJ KimbaIl. |
Tarentun, Pa, lot "a, block 6, for 81 800; NJ |
Konlyki and J. Golincki, PittsburC Pa. lot |
5l block ID, for S722 80; James r. Swank.
Parnassus, Pa, lot g. block L for 5000 cash:
Charles schulz, Pittsburg. Pa, lot s., block
), for s., 800 cash.
Peter Shields reports the sale of another
Of those modern nve-room frame houses on |
lot 30x90 Ieet located on Lydia street I'm the |
avenue plan, Twenty-third ward.
tor S, 600.