Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-16
POINTS IN REALTY.
Settled Weather Alone Needed to
Start Activity Hereabouts.
HARRISON PROPERTY SOLD AGAIN.
Evidence That Pittsburg Values Are Lower
Than Those Outside.
A BRIGHT SPOT IN THE NORTHWEST

ginning OF the year, IL Is In goOu shape anu
improving. Settled weather is the only
thing needed to concentrate the energies Of
investors upon this important interest.
The Harrison property, on Penn avenue,
adjoining Kuhn's confectionery, East End,
has again changed ownership. 1t was
purchased by Mr.. James P. Quinn month
or six weeks ago for about $4,000. Mr..
Quinn completed the transfer of it yester-
day to an iron manufacturer at handsome
advance.
1t will soon be known whether Office
building has been over estimated in this
city. Agents report a good demand TO,
Offices and think the supply will be very
largely absorbed by April 1. Several of the
largest of these buildings are already filled.
The scarcity of separate stands is making
them a necessity in this city.
Comparative Values of Realty.
The statement repeatedly made, but al
Pittsburg than in any other city in the
country, is backed by solid facts.
A recent sale in Cincinnati was at the
rate of $40 square foot This beats the
best sale here by nearly So The Manhat-
tan Life Insurance Company has purchased
Nos. "a to % Broadway, New York, for
81 ,00O. 900, and will improve it with a A.
story building. The lot has a frontage of 81
feet and depth of 125 feet. The price paid
is equivalent to $4,000 a front foot, or a
trifle over $120 a square foot
A Memphis sale just closed determines q
valuation on business property in the heart
Railroad Company has sold its property,
25x100 feet, on the northeast corner of Main
and Monroe streets, with building, for $780,
600. The'lot was purchased by the Mem
phs National Bank. This is at the rate of
So 400 per front foot. This is almost up to
values on Fourth avenue and Smithheld
street. Bank clearings in Memphis last
week were $4.606, S69; in Pittsburg they
were S12, 726, ,419. With less than half the
business property in Memphis is almost as
high as it is in Pittsburg.
A 16O-acre tract in the town of Lyons,
near Chicago, has been sold for 500, 900.
The purchaser is Robert seyd, of New
York. The property consists of a quarter
section, lying two miles west Of the Stick
ney tract and the same distance southeast
OF La Grange.
Impressions of the Northwest.
A gentleman Just back from business
trip to the Northwest said yesterday: ''They
part of the country that business has been
overdone. Almost every town of any i'm
portance has been oversold and overbuilt
I was astonished at the number of vacant
houses in Chicago and st. Paul wish we
had several hundred of them in rittsburg,
where it is almost impossible to house all
the people.
Superior City, at the extreme western
end of Lake Superior. is more like Pitts
burg in business point of view than any
other place I visited. 1t is remarkably
vigorous and is growing beyond precedent
in that quarter. 1t sustains nearly $50 in
dustrial concerns. It is the headquarters of
the American Steel Barge Company, the
builders of the famous whaleback vessels"
"A Request to Brokers.
The Coldwater (Mich.) National Bank
was burglarized and robbed of about $50, 900,
consisting of $4,000 in currency,
$1,000 Of which was in new legal tenders,
"a, 600 in gold and $1,000 in silver The
gold coin found on the floor of the vault
was scratched, marred and bent, and the
paper is probably mangled and scorched, as
the result of the explosion of fnitro-glycerine
used in breaking the safe. There were also
taken 40 deferred" bonds of the Philadel-
phia and Reading $1,000 each, numbered
875 to 899 inclusive; 1714 to 1925 inclusive;
and numbers 1888, 1874. President D. B.
Dennis asks brokers to keep an eye open
for the above.
Business News and Gossip.
Spring is late, but it is on the way. 1t will
bring inspiration.
The Third National Bank of Boston was
the highest bidder for the 10000 Scranton
bonds, but a properly certified check was
not submitted with the bid and no award
was made.
Denniston, Elderkin Co. are having great
success in disposing of lots in the Fahne-
stock plan at Homewood. 1t Is one of the
best residence locations on the Pennsylvania
Railroad.
Mrs. Emma c. Ludwig has sold to Marie T..
Gilleland a house and lot on Hay street,
Williamsburg, for 5000.
a like number of building improvements,
aggregating in estimated value 50 l00. The
most important of these was granted to
William Seutte for a brick two-story and
mansard dwelling on Sidney street, Twenty
fifth ward, to cost $5 SEQ.
Mrs. Sutton has purchased the Dixon
property on Kelly street, Williamsburg. The
consideration was about S. 600.
Mr.. F. 4. Woog said yesterday his in forma-
tion led him to believe all the hotel projects
talked OF here had fallen through.
This clears the field for other aspiring capi-
talists.
DR.. l. Pershing has purchased house and
lot on Biddle avenue, Williamsburg, and is
now q resident Of that borough.
The McConaughy heirs will soon begin the
erection OF a store and Office building on
Walnut and Conemaugl1 streets, Johnstown
Holders of Pleasant Valley stock are in no
hurry to unload. There was a brisk demand
for it yesterday.
1t is stated that the Pennsylvania Railroad
has sold fo Kuhn, Loeb & Co. the
$500, 900 of the Pennsylvania
~ per cent SO, 900 900 loan.
j. L. Tracey, J. R.; Johnston, John Pit
cairn, Jr.. NJ. X. McMullen and C. W. Doh
linger have sold their stock and retired from
the Exchange.
Movements in Realty.
James W. Drape s. Co. sold a house and
lot on Butler street, near Thirty.seventh,
lot 4OxloO. for $500.
Black q Baird sold for G. d. Simen to
Frank H. Speer, u portion of lot No. 45 on
Mcpherson street, Boulevard Place, East |
End, fronting "A feet on MCPHERSON street. |
being on the corner of Fifth avenue, and 40 |
feet in depth. for s5,0c0
Reed B. Coyle & Co. sold n property in Ben |
Venue Place, Twentieth ward, consisting of |
a modern dwelling of stem rooms, on Marie !!
poe avenue, with lot 50xl20 feet to an alley. |
and terms private
Peter Shields sold lot No. 156, 30x90 feet,