Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-16
AN EAST END DEAL.
A Transaction Involving the Erec-
tiOn of Six Fine Dwellings.
WILKINSBURG'S BIG ENTERPRISE.
A Few Good Features in the Local Security
Market and No Bad Ones.
OFFICE AND STREET NkWs AND GOSSIP

A deal in real estate of considerable i'm
portance was brought to a head yesterday
by Liggett Bros. They sold 1501140 feet on
the corner of Denniston avenue and Ara
bella street, for Joseph F. Denniston TO
Bell & Caldwell, contractors and builders
and also for W. H. Denniston, to the same
firm, so feet on Arabella street, adjoining
the above, for S15, 900 for both parcels. The
purchasers will at once begin the erection
of three handsome brick dwellings on Den
niston avenue and three Of a similar char
acter on the Arabella street 'front.' to be
controlled by Liggett Bros.
This property was originally part OF the
old Denniston farm. 1t was sold by the
Dennistons to Alexander Bates, well known
in the East End drygoods trade decade or
SO ago, by whom it was plotted in 1871.
Subsequently, by purchase, it again became
the property of the Dennistons. who have
now parted with it for good.
An Important Enterprise.
Williamsburg, in conjunction with Edge
wood and Brushton, and perhaps the city,
has an important improvement project on
foot. The borough is growing so fast that
the sewering of Nine Mile run has become
a necessity. For some time the authorities
of the frst-named place have been figuring
on the practicability and cost of this work,
and have decided that it can and ought to
be done. Details have not been entirely
completed, but in general way the plan
proposes a brick sewer of capacity sufficient
to drain the entire district, extending to
the Monongahela river, distance of about
two miles. 1t is estimated that the cost
will be been 100000 and 100000 1t is
thought work will be commenced next
spring.
The completion of this enterprise will re-
claim a large amount of real estate and en-
halce values more than enough to meet the
cost of the work.
A Lively Bit of Prop -rty.
Liggett Bros. have sold piece of down.
town property three times within the last
three weeks, each time at an advance. The
last sale was closed yesterday. The reason
for this quick change of ownership is that
the property is located on street where
the supply is away below the demand, and
where, consequently, there has been little
movement for several years.
This brings out an important fact in con-
nection with realty-that backward dis
tricts are beginning to.show signs of ac-
IlV1UV. lnere Is no Dldct III q SiON CIV!
like this for dead stock in real estate.
Business News and Gossip.
After the afternoon stock call yesterday
several lOOsEare lots of Birmingham Trac-
ton changed hands at the top of the mar
ket.
Alta special meeting last night of the syn
tlicate for the purchase of the Penn Cotton
Mill and stockholders of the new town of
Sylacauga, Ala, at the East End Hotel, to
complete the purchase of the cotton mill
plant, final papers were signed and part OF
the purchase money paid.
The number of directors of the National
Bank OF Claysville has been increased from
r.. G. Taylor, of East Bethlehem. Wash
inrton county, has sold his farm OF 160 acres
to s. NJ. Binns, of West Brownsville, for $50
per acre.
Three permits for new buildings were is
sued yesterday, aggregat ting 81 920. The
only one of Importance was for two frame
two-storv dwellings, William Short owner,
corner Homestead avenue and Bennett
The property on Smithfield street sold by
Black & Baird a few davs ago, adjoins the
Masonic Bank on the north.
The report of the American Sugar Refining
Company for the past year shows net earn
inrs of So O73 002.
1t is said the Illinois Steel Company will
pass the dividend this month.
Henry NJ. Long sold yesterday six shares
of Iron City National Bank stock at IS.
Albert Blunberg has sold business prop
ertv on Fifth avenue, Sixth ward. lot 25x115,
to John q. Koepp, for SlS.500.
Four of the traction companies have de-
clared dividends. 1t is evident from this
tnat they are in a good financial position.
Their success means prosperity for the city.
At the last stock cali yesterday Duuuesne
Traction was offered at 1917, 10 bid. The
bonds were offered at 922. Birmingham was
stronger after the CALL For Pittsburg Trac-
tion bonds l04 was bid.
The per cent dividend of the Central
Traction Company was responded to by an
advance in the stock.
There is talk of a national bank at Du-
quespe. 1. Il. Wiley and DR.. Bodkin are en-
gineering the movement
Movements in Realty.
W. E. Hamnett sold lot corner of Biddle
and Savannah avenues, Williamsburg to
prominent Pittsburg attorney for $1,000
cash. The purchaser will build. Mr.. Ham,
nett has sold ten lots and two houses in the
last four weeks.
J. B. Larkin 6 Co., sold lots. Nos. 36S and
367 in the Blair Land Company plan. Blair
station. to Bernard Miller. for ST $50: also to
John Lamherth, Nos. 364 and 355 same
plan, for 81 .200.
Liggett Bros sold lot 81, in F. P. Bells
Fahnestock plan, at Homewood. 10 Henry
7. and Phillip Price Barton for 81, 600 cash.
They report qnite lumber of inquiries for
lots in this p an.
James W. Drape & Co. sold house and lot
on Federal street. Allegheny; for 81. 000 cash;
also four lots IN the keystone plan, 1ngram
station. for 81 $50: also five lots in Munnall
Terrace plan Tor 81 $50: also i2 lots at Avon
more at prices from S275 TO $525 each
A. T. Byers & Co. sold for Colonel Ellis
worth Thomas to jos. H. Barcley, lots 159
and 160 i'll the Northside Land Associations
plan, borough OF West Bellevue, Pittsbure,
Fort Wayne and Chicago Railroad, corner
of Cleveland and Florence avenues, size Tx
105 feet, for 81, 100.
Il. G. Bailey sold for Messrs Armstrong
and Bolton. a vacant lot 60 feet on Shipton
street by 100 feet, Thirteenth ward, for Sc, ,0SO
cash.
George Schmidt sold n lot On Wick street.
24x 100 feet to Lombard street, to A +. Noah,
for 81, 400 cash.
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