Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-22
A. Period of General: Expansion Be-
lieved to Be Approaching.
EXCHANGES OF CITY PROPERTY.
HcKeesport Holds Advanced Ground Is
Stirring Business Center.
REAL ESTATE BROKERS' COMMISSIONS

eve of general expansion Of trade, and o
manufacturing and agricultural prosperity
is evident. Prices of all kinds have beeI
crowded way down, and that is the prelim
mary step for Improvement. The very
evils of which people are complaining vii
open up avenues for escape from such re
currence, and for permanently better prices
The whole world is learning not only how
to have better government, but how t.
maintain industrial prosperity, and to enjoy
the benefits and plenty which come from
our greatly increased productive capacity.
Exchange Of Properties.
A residential property in the lower part o
Allegheny City was traded yesterday for ,
building site on North Highland avenue
Considerable is being done in this line o.
business. A Fourth avenue broker has OF
his books q number of propositions to e1
change Western lands for city property
improved or unimproved. Another broker
| has a long list of farms in Western Penn
| sylvania and Eastern Ohio for exchange fol
Pittsburg real estate. In making exchanges
| valuation plays a subordinate part, and
such transactions are unreliable as indicat.
ing the true market price. Convenience is
the object sought. The city man thinks he
can do better in the country and vice versa.
Both are frequently benefited by the e1-
change.
Steady Growth Of orMoKessport.
If McKeesport maintains it, present
rate of development It will In few years
be entitled to q higher rank among the
cities of the State. Business of all kinds is
fourishing. Building is very active A
Pittsburg real estate broker, who handles q
large amount Of McKeesport property, said
upward of so houses in various stages Of
completion. Among the builders he mem
toned the following: G. M Leipzig, nine
houses; Ross Smith, six; Thomas Lane, five;
G. F. Myer, three; P. McRea, two. Some
of these are under way and work on others
will begin at an early day. There is talk of
several good business houses going up this
season. The gentleman referred to above
controls about 60 feet on Fifth avenue, upon
which he thinks a commodious store will
be erected during the summer.
Commission Rates Determined.
The Milwaukee Real Estate Board, which
is still in its infancy, experiences the same
difficulties in adjusting questions of conf
missions which have been met by the Chi
cago Real Estate Board, and which are now
engaging the attention of the Real Estate
Exchange. An amendment to the articles
of association is proposed, making the fol-
lowing provision: In case any agent listing
a piece of property shall himself sell the
same he must notify the Secretary within "a
hours, or else forfeit one-half of the COM
mission to any other agent who may secure
a bona fide purchaser for the property. Two
other paragraphs will determine the commits
sion to be paid-namely: On sales of So, 900,
3 per cent; up to $4,000, ~ per cent, and
up to S40, 600, per,ce
Yesterdays Building Permits.
Yesterday was one of the best building
days of the season. Nineteen permits were
ing, according to estimates, $34,1 ,14a The
most important are: Patrick Coyle, brick
dwelling on Wylie avenue, Thirteenth
ward, "a 500; Thomas Hannah, two frame
dwellings on Webster avenue, Thirteenth
ward, 81, 600; Robinson Rea Manufacturing
Company, ironclad machine shop on Carson
street, Thirticth ward, 50. 253; h D. Denny,
two brick dwellings on Webster avenue,
Seventh ward, So, 100; Philip Geidel, two
frame dwellings on Bismarck street, Thir-
teenth ward, $4,000; Howard Welch, two
brick dwellings on Erin street, Eleventh
ward, $6, 900. e :"
Special Features OF Trade.
Retail dealers report busisnes much better
than at the corresponding time last year.
Heavy depositing in the banks reinforces
the statement.
Reese & Evans have commenced the erec-
tion Of a flve-story apartment house on the
corner Of Pride and vicroy streets, Sixth
ward.
Western Union insiders are limiting at an
extra dividend, or an increase in tho divi-
dend rate at the next quarterly meeting OF
the directors.
The schenley Park Land Company has
started the foundations for eight houses ON
its plan in the Twenty-third ward.
The opening of the First, National Bank of
Williamsburg has been postponed till about
May ], owing to delay in fitting up the
rooms.
The Cadwallader building, store and
dwelling, opposite the Baltimore and Ohio
station at Hazelwood, is under roof
The National Association OF Hardwood
Lumber Manufacturers will meet in Mem
phis on the 25th of next month.
S.. $50 for q house and lot e4xl2., on Forty.
fourth street, Seventeenth ward.
Andrew Caster yesterday sold $1,000 Brad.
dock and Turtle Creek Passenger Railway
bonds at par and interest,"
Certificates for the new stock of the Pleas.
ant Valley Railway will not be ready for
several weeks ..-.~.
Doherty Bros. have the contract for the
Ewart building, Liberty street and Garrison
alley. ~
Jones Laughlins are making arrange
menss to do some extensive building on the
real estate recently purchased by them in \
the Twenty-third ward.
Movements In Real Estate.
C. Fl. Love sold for W. C. Lyme to W. II.
staley a lot on Callowhfll street, near High.
land avenue, S5x15o, for $i.75O. The pur.
chaser will improve with q handsome brick
Queen Anne residence.
John K. Ewing & Co. sold to Mrs. NJ L.
Brown, n lot 40xl10 on Marshall avenue in
the Mayfleld subdivision, Tenth ward, Ale
gheny City, for LOCO.
J. C. Reilly sold for Casper Geigher to
Samuel McNfillen, O lot 2lxiO0 orr webster
avenue, near Watt street, for $500 cash.
Black & Baird sold for Mrs. s. v. Burke 4
property on Wilbert street. Mt. Washington,
being two-story frame dwelling on lot AK
100 feet, for 1850.
A. Leggate & Son sold property corner Of |
Arch street and Alpine avenue. Second |
frame house, for s.. 925. |
J. E. Glass sold for A. C. Watkins lot No, |
35 in the AIiqufppa Place plan No. 9, for $400. |
McCune s Coulter sold lots 20 and II in |
their Dean Park plan to David K. School |
braid, for $780, 1
Peter Shields reports the sale OF lot No. 150,
e5xl00 feet, to 20 foot alley, located on Hal
lam street, in the Schenley Park Land Com-
pany's plan, Twenty-third ward, for $780,
w. A. Heron & Sons sold lot (the second |
sold lately 20xo20 feet. on Boggs avenue, |
ward, for $500 cash, and the
purchaser pays for the expense of street i'm
Heron avenue, near wylie avenue. in Kings
plan, Thirteenth ward, for $3.50. vender pays |
Tor paving and sewering
Allies Bros. sold for f. H. Ehrhart to
Charles Klenke, q lot 20x6o 1eet situated on
south Nineteenth street, for 81 800 cash. The |
purchaser will erect a fine residenCo once