Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-27
A REAL SKYSCRAPER.
Strong Talk of a Twelve-Story Build
ing on Fourth Avenue.
ANOTHER DIVIDEND ANNOUNCED.
Speculation Assumes Slower Pace, but the
Market Attractive.
OFFICE AND STREET Nkws AND GOSSIP

| "A report mas Dcen IN lOI s0f
eral days that arrangements have been made
for the erection of a 12-stdry building on
Fourth avenue, to be used by an evening
contemporary and for Offices, plans for which
are said to have been prepared. The site
for this skyscraper, report further says,
| comprises the properties of T. S. Bigelow,
Mrs. DR.. Rogers and Robert Arthurs, above
Smithfeld and opposite the postofice en-
trance, each 2ox1o0, making frontage of
60 feet The price for ground in that
vicinity is about 81, 500 foot front. 1t was
impossible to obtain details, as none of the
parties in interest would talk. Several
brokers said they were aware of move
ment of some kind in the quarter indicated,
but they had been unable to get at the in
side facts.
Local Builders Complimented.
In Pittsburg as in all large cities, but in
Pittsburg particularly, where nearly every
citizen is able to afford not only the necessi-
ties but many of the comforts of life, homes
for the people who, from choice or circum-
stance, do not own the houses they live in,
is the absorbing problem. By this is meant
not merely shelter and place to sleep. but
place that can be called home-comfort-
able, with good sanitary equipments and at
moderate expense. Pittsburg builders have
made rapid progress in this direction in the
last few years, and will continue the good
work on e still larger scale the coming sea-
son. A Philadelphia builder was in the city
a short time ago and freely admitted that
Pittsburg dwellings were of better char
acter in all respects than those in his own
city. The suburbs are full of homes un-
equaled for beauty by those in any other
city.
Good Bonds in Request.
A bond specialist says: "The only limi-
tation upon the activity of the investment
market and the breadth of the demand for
bonds is the indisposition of purchasers to
interest themselves in any but prime issues.
The supply of the latter now offering is
much less than the demand, and prices show
a degree of firmness corresponding to this
state of affairs. Several large institutions
are known to be in the market for bonds in
large blocks, and the fact that money COM
mands such low rates on time loans seems
to be turning considerable amounts of capital
into this class of investments. 3"
Business on the Mend.
From the busyant tone in business circles,
the easv money market and the feeling of
easy to see that the country is in good po-
sition. The baneful influences of the last
half of 1891 have almost disappeared and
an era of prosperity set in. After months
of retrenchment and preparation, the peo-
pie once more find themselves on solid
ground. All the great and little industries
are in good condition. The railroads are
purchasing additional equipments and
adding to their rolling stock. Soon the full
effects of the heavy crops will be felt.
Trade is the heaviest ever known in mid
winter, but it will broaden and deepen as
spring approaches 1t is true the unex-
pected may happen, but there is nothing in
sight to modify the opinion heretofore ex-
pressed that the country is entering upon a
period of great prosperity.
Business News and Gossip.
1t is said that Senator NJ. S. Quay is think
ing of investing in Pittsburg realty.
The residence property of the late George |
Kuhn, on Center avenue, near Vine street, |
ward, consisting OF lot 20x1O0 and |
a new two-story and mansard pressed brick |
dwelling, was sold yesterday toa prominent |
Hebrew for SC, coo.
The Underwriters in Boston Lave voted to |
increase insurance rates. |
John ID. Carson has sold to Henry Mackin |
22x6s feet on Marion avenue, First ward, |
with q good two-story building, |
for 81 ,5e0.
Renorts of meetings OF several local cor |
porations will be found in the local columns. |
There is talk OF esta ablishing a savings |
bank in Mckeesport, with capital of $780, |
600. A handsome building for its accom- |
is also under consideration. Joseph |
Pierce is the PRINCIPAL promoter
The Muncy, Pa, National Bank is prepar-
ing to resume business.
4 50-scre farm, near Valencia, changed |
ownership yesterday. The consideration |
was SIS an acre.
Two residence properties on Kelly street, |
have changed hands within a |
few days, and two more are under considera-
tion.
There was a street bid yesterday after
noon of Is for 200 shares of Switch and |
Signal.
II plans be carried out Pittsburg will have
two l2-story buildings before snow flies next
autumn. ..
Movements in Realty.
Baltensperger s. Williams sold for Thomas
houses of five rooms each on Orphan street,
East End for s., 400.
Black & Baird sold for H. F. Davis the
No. $50 Fayette street, Allegheny,
being two-story brick dwelling with lot "a
x1s4 feet rnnning through to Hamilton
street fer Sc 500.
John K. Ewing & Co. sold tho property
No. IS Sarah, street, Allegheny, for Frank
Fertig to Mrs Rebecca Kelly, being q two
story and mansard brick house of eight
rooms and nall, with lot 20x73 to Hahn ave- |
Z. T. Schatfner sold to Fred c. Klein lot
l5xlH feet on Allen avenue, Tnirty-first
ward, for ST, $50 cash.
Reed b. Coyle & Co. sold for Prof W. H
Slack lot 20x1l5 feet on Shady avenue,
Eleventh ward, Allegheny, for $500 cash.
A z. Byers & Co. sold for Henry Savage,
Of Topeka. Kan, to d. Ii. Biddle, the prop
,rty No. 73 Taylor avenue, Second ward.
Allegheny, lot 20x90 running through to
Dawson street, having erected thereon
,wo-story brick of six rooms and storeroom.
81, 500.
John F.Sweeny (tormerly Burtt & Sweeney, |
sold two new Shadyside dwellings for VIII |
lam NJ Bell, of Woodworth street: the first |
20 Robert S. Davis, n modern eight-room
lwelling, on lot 30Sl00, on Baum street; the |
second to Harry +. Davis, a similar dwell
ng on Woodwork street. at IS 500 each
W. E. Hamnett & Co., Wilkins burg, sold |
OF on Biddle avenue, Williamsburg, 52xl20
or 81, 475 cash.
unME SRNITDITTFo