Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-01
HELPING THE CITY.
A Capitalist Who Substantially Backs
His Faith in the Future.
GREAT IMPROVEMENT SCHEME
Involving Number ofFine Houses and the
Opening of Several Streets.
FEATURES OF HONEY AND SPECULATION

Mr.. d. p. Reighard, President Of the
Central Bank, Is doing his part toward
building up the city. About two years ago
he purchased the Fawcett property, on
Graft avenue, comprising about five acres,
for which he paid what was considered at
the time good price. This ground he is
Improving on scale seldom undertaken
either in Pittsburg or elsewhere. The out
lay will aggregate nearly, or quite,
$3.50,
This important enterprise is now under
way, and will be prosecuted az vigorously
as possible. The foundations for 80 first
class brick dwellings are well along. They
front on Carolina street. This street has
never been formally opened, but it will be
in short time. Mr.. Reighard is having it
graded and paved It extends from Forbes
street to Lawn, and when improved as indi-
Gated it will be one of the best thorough
fares in that quarter of the city. The
houses under construction are in blocka
They will be provided with all modern con-
veniences Architect Steen has them in
charge.
In addition to the work thus outlined
Mr.. Reighard proposes to open Ophelia
street running parallel with Carolina
through the same property, and also to lay
out broad avenue extending from Craft
through to Ophelia, upon which he will
erect large number of very fine residences,
which, with shade trees and grass plots in
profusion, will greatly beautify that section
of the city and largely add to its attractions
for home seekers. 1t is proposed to have
all these new undertakings completed dur
ing the summer and fall It is pertinent in
, this connection to say that other property
owners in the same neighborhood contem-
plate improvements similar to those of MIR.
Reighard, but perhaps less extensive.
When leading capitalists-men who have
been identified with Pittsburg all their
lives and know it like book-show their
faith in its future in so substantial a manner
as this, it would be folly to preach of dis
aster which may never come. There is not
only no sign of it, but the outlook, except
in one direction, is unusually encouraging.
Pittsburg has high destiny, and her
moneyed men are helping her to achieve it.
Special Features of Trade.
Bank paper maturing on Monday should
be attended to tomorrow before noon.
Installment mortgages are enabling many
people to build or buy homes who would
otherwise be compelled to remain renters.
W. W. Prince has purchased a nice resi-
dence property ON Grafton avenue, Grafton,
for s., 500.
Tie ~ per cent interest on the Duquesne
Traction IS will be paid at the Office of the
Fidelity Title and Trust Company to-day.
July interest on the first mortgage bonds of
the Northside Bridge Company will be paid
at the Pittsburg Safe Deposit Company. The
First National Bank of Birmingham will to-
burg and Birmingham Traction Bios. They
fall due to-day.
Considerable Brushton property is chang
ing hands in expectation of rapid transit in
. few months. An Amanda street residence
was sold to Mrs. Emma 1zenour few days
ago for $500. e
eight improvements. all estimated to cost
$l3,350. The largest are: Frank Meralgia,
brick dwelling on Boyd street. Sixth ward.
5000; A. Boyce, two brick dwellings on
O. p. Scaife & Co.. Limited, iron-clad shop
on GIoster street. Twenty-third ward, 5000.
Another story is to be added to the Hussey
building on Fifth avenue, occupied by an
evening contemporary.
Additional Points In Realty.
D. Behen & Son closed the sale Of lot
26xlOo feet. with a very good brick house Of
seven rooms, on Geneva street, Seventeenth
ward, for John Forbes for a ono.
W. J. Parker sold to Frank P. Blackburn,
of Morganza, lot adjoining the Birmfng-
ham residence in West Bellevue. Avalon sta
tion, Pittsburg, Ft Wayne and Chicago
Railroad, for $500 cash. Mr.. Blackburn will
improve the property by erecting a cozy
residence in the near future.
The Burrell and Kensington Improvement
Companies report the following sales of lots
at kensington: Miss Emma d. Cranaye and
Mrs.Id NJ. Hanlon. Pittsburg, lot l22 j, block
49, for $5S2 30; Henry Wotten. Pittsburg Is
feet of lot 81 and 10 feet of lot IS, block L. for
81 OLE so; Margaret A. Wotten Pittsburg five
feet of lot 27 and all OF Is block 8, for 81, $50
cash; Mrs. Mary Diebold. Pittsburg, lots sol
and 592 block "a, for 81 293 IS: Cornelius Ma
$s62 so: Mrs. Margaret E. Bole, Butler Pa,
lot 10. block II, for s552 30; Mrs. Mary Graf,
Pittsburg, lot so, block o. for $646 70; Mrs.
Jacob Horn, Pittsburg, lot 70. block q, for
S646 Is.
Black & Baird sold for Philip Fable, of
Louisville, KY. to Thomas S. Sanford, of
Cheshire, O., lot in Baden borough, Beaver
county, fronting 100 feet on the State road
by depth Of 1.047 feet. for o., go.
John K Ewing Co. sold to Jacob F.
Beck lot 24xl54 on the north corner OF May
field and Ellis avenues, in the Mayfeld plan,
Tenth Ward, Allegheny. for $500 cash.
Peter Shields reports the sale of lot No.
90, 25xl50 feet to a 20foot alley, located on
Stanley street, in Schenley Park Land Com
pany's plan, Twenty-third ward, for $780,
W. A. Heron & Sons sold on Baum, near
Cypress street, Shadyside, lot 35x99 feet,
with a modern house, eight rooms, for 81. 800:
also on Aurora street, Twenty-third ward,
North Homestead, lot averaging 100x200
feet. for $500, being part of lot l43 in Home
stead Bank and Life Insurance plan.
W. E. Hamnett & Co., of Williamsburg, sold
a lot on Laura street, Williamsburg, for
s. 400