Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-04
SMALL BUT COSTLY.
A Unique Transaction Just Consum-
mated in the East End.
GROUND DISPOSED OFBY THE INCH.
Hillside Property Is No Longer . Drug in
the Pittsburg Market.
FEATURES OF MONEY AND SPECULATION

FEATURES OF HONEY AND SPECULATION
The highest price ever paid for ground in
the Oakland district was received yester.
day by Mr. Frank Shafer through the
agency of Larkin B Kennedy. There was
not much of it, but what 1t lacked in quan.
tity was made up In price. 1t was the out
come of transaction between Mrs. Catha-
rine Burger and Mrs. Mary L. Carr, on
Meyran avenue. A dispute grew out of a
boundary line involving small fraction Of
foot. which Mr. Shafer claimed. Two
sets of engineers were employed to adjust
the line, and after much sighting and igur-
ing they finally decided that the strip be-
longed 20 Mr.. Shafer, who then sold it to
Mrs. Carr at the rate of $4OO a foot front
The deed will be tor the smallest parcel of
land ever put on record in Allegheny
county.
Hillside Property Looking Up.
1t has not been many years since Hillside
lots around Pittsburg were considered of
little value There was no market for
them. In fact, they could scarcely be given
away. But this is no longer the case. The
occupation of the valleys by industrial
plants and homes for operatives has brought
hillside property into active demand and
the Soho district and on the North and
Southsides. Purchasers of this class of
property are for the most part people of
moderate means Unable to pay high
prices for level land, they seek the hillsides,
build their homes and live in comfort.
There arc no more picturesque spots in or
aroung the city than these hillside SETTLE
ments, fact remarked by nearly all OBJ
servant strangers who visit Pittsburg. There
is large amount of this kind of Property
yet on the market, but, with the progress
of improved locomotion, it is being rapidly
absorbed. and in few years will command
high prices.
Good Movement In Acreage.
Capitalists have faith in Pittsburg's fu-
ture. This is seen in the interest they are
taking in real estate, and especially in the
acquisition of acreage. In acre purchases
even more than in large purchases of busi-
ness property must there be displayed faith
in the continaed expansion of the city.
With the business district crowded to over
flowing, property can be counted on with
fair assurance as q safe investment. Pur-
chasers of unimproved tracts must have be-
fore them a certainty of continued growth
and expansion of the city if they are to be
successful. 1t is not hard to convince in
vestors that Pittsburg occupies so strong
position by reason of her industrial suprem-
acy that a reaction is almost out Of the
question, and the result is the steady alb
sorption of acreage by people who expect to
make profit by it, and at the same time as
sist in building up the city by holding out
inducements to home-seekers which would
otherwise be impossible.
Business News and Gossip.
The inquiry for real estate is materializ-
ing. Deals are being closed by nearly all
the brokers.
There is understood to be good authority
for the statement that the much talked
is practically consummated. Immediate
higher prices for ingot are now confidently
expected.
Tomorrow a week stockholders of the
Birmingham Iron and Steel Company will
vote for or against an increase in the capital
stock.
William voight has sold to Andrew S.
Miller 74xl90 feet, with a good brick house,
on Grandview avenue, Thirty second ward,
Southside, for COO.
Railway and Union Stock Yards Companies
are considering an issue of $1,000, 600 per
cent income bonds or an issue OF common
stock At par.
In Chicago the talk is very ,bearish on
Distilling and Cattle Feeding stock.
Two permits for the erection of four build
ings were issued yesterday, aggregating
5000 The larger was taken out by j. b.
Hill for three frame dwellings on Butler
street extension, Eighteenth ward, to cost
The Wall Street. Mem. savs. A deal in which
Chesapeake and Ohio, "Big Four" Buffalo,
Rochester and Pittsburg and several soft
coal roads will figure, is predicted before
long. That a stronger bituininous coal pool
than has aver eYfSfad will q yna6a mn c0or, /.
Is admitted.
Savings bank deposits in New York State
in 1891 were =, 800 900 smaller than in 1890.
At the last call yesterday United States
Glass common was offered at Tx, Duquesne
Traction at "a. and Electric scrip at IS.
Central is that the next cash dividend viii
be per cent
Movements in Realty.
John F. Sweeny closed the sale Of another
of the houses of Fox & Watkins, the East
End contractors. The purchaser is william
R. Witthauer, and the property is a new
modern Groom frame, situated on Euclid
avenue. near Stanton, on a lot fronting 25
feet on Euclid, and extending back ls5 feet
Sn siss ssr,nasr Tes Pr.ee wSs sos fine
frame dwelling OF Hugh S. Craig. on Frazier
street: near Boquet, to Mrs. Caroline Best,
HOFFMAN 4 Baldridge sold a new frame
house of eight rooms ana all modern fix
lures, with lot 50x1s0 to an alley, on Miffiin
street, Williamsburg. for s., 800.
John 4. Ewing 4 Co., sold to Amos D. Hoff.
man for j. K and j. G. Ewing, new frame |
house of six rooms and hall, ON lot 25x75, on |
Ellis avenue, Tenth ward, Allegheny, for |
81 75O
Liggett Bros sold for j. s. Robinson two |
lots on O'Hara street, near Ellsworth ave- |
nue., aggregatng 60xll5 feet. for S. 700.
Black & Baird sold to William Powell lot |
No. 81, in the 7. A. Gillespie plan, on Heron |
Hill, for 475
j. E. Glass sold for A. C. Watkins lot No.
Ii in the AliQuippa Place plan No. 2, for $3.50. |
Peter Shields sold another of those modern |
ive-room houses. lot 30x90 feet, located on |
Lydia street in the Greenfield avenue plan,
ward. to T. S. Magee for So 400: |
also lot No. no. 30x9O feet, located on Hoosac |
street in the above plan, for $50.
w. E. Hamnett & Co. sold lot 52xl20 feer,
ON Bfddle avenue, Williamsburg, for 81, ,25o |
cash.
8. A Dickie 4 Co. sold for T. M. Dickie to
NJ. NJ. Moorhead q lot on Frankstown ave-
nue., Brushton, 50xI50 feet, for $1,000.
w. A. Heron & Sons sold for $l,525 cash
lot % feet on Erin by 1l5 feet to Trent street.
Eleventh ward. The purchaser will Inn
grove same at once.
HOME SECURITIES.
BUSINESS ON 'CHANGE RATHER SLOW