Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-12
ON A STRONG BASIS.
Pittsburg in No Danger of a Retro
grade Movement in Any Line.
REALTY FULL OF GOOD POINTS.
Talk Of an Important Transaction in the
Highland Park District.
FEATURES OF MONEY AND SPECULATION

There is talk of deal of considerable
magnitude in the vicinity of Highland
Park. It involves several acres and about
$40, 900 directly, and still larger sum pros
pectively for building improvements. A
gentleman prominent in business affairs is
at the head of the scheme He stated yester-
day that negotiations were promising, but
not far enough along to permit of the pub
ication of details. He added: sThere is a
good demand for frst-class dwellings in that
quarter, which we will fill to some extent if
we succeed in getting the ground we are
after"
No Breakers in Sight.
A survey of the material position of
Pittsburg discovers many good features.
Evidences Of substantial progress may be
found on every hand. These are seen not
alone in her manufacturing activities, for
cial development. Pittsburg has within a
few years come into prominence as dis
tributing center for drygoods, groceries,
lumber and many other staples. The hign
character Of the buildings recently erected,
is another demonstration of progress and
the avaht courier of better things to come
in this line. Pittsburg's shoddy days are
past, never to return.
Any reference to Pittsburg's material in
terests would be defective if it did not in
clude real estate, the greatest and most in
teresting Of them all. This market, al
though by reason of had weather not so ac-
tive as expected, possesses many encourag-
ing features. The demand for good invest
ments was never better. There would, Of
course, be more sales if owners had less e1-
alted ideas of values. Business at present
is confined largely to central property and
residence sites. There are number of in
teresting deals pending on Penn avenue,
Grant and Smitnfeld streets, which rein
force the statement that investors are
abroad There is good inquiry for acre
age, but it is hard to find within a reasona-
BILE distance of the business center.
Confidence in Pittsburg's future is strong
and enduring, The city has not yet reached
the much-talked-of excessive house build
ing point, and as trust companies and other
financial institutions have an abundance of
money which they always prefer to invest
at home, the probability is that there will
be more building this year than last. Sen
ator Finn will soon break ground for IS
d
site for go, and another for 20. These will
give the season good sendof
Small Crowd and No Bids.
The Government property on Penn ave-
nue. and Garrison alley was again put under
the hammer yesterday by John D. Bailey,
but with even worse result than on the
two former occasions There was no bid of
over $50, 900, and it was not entertained.
.ol-
after adjournment: '1f we get an offer of
$3.50 900 before o'clock it will be consid-
cred" Brokers thought the Government
made mistake in refusing to sell in par
GELS and in prescribing too rigid conditions.
making it practically spot cash sale. This
failure to sell practically retires the prop
erty from the market. 1t cannot be dis
posed of at private sale, and it is doubtful
if the Government will again put it under
the hammer tor some years. The only bad
result likely to follow will be in retarding
the development of the quarter of the city
where the property is situated.
Business News and Gossip.
There were no bids for the Government
property yesterday. The Liberty street
syndicate failed to materialize.
There is considerable hustling for bottom
acreage in the vicinity of Blair. A new
railroad scheme is said to be involved in
the movement.
A charter has been granted to the Wilkes
barre and Eastern Railroad Company, which
is to run from Wilkesbarre to Stroudsburg.
Louis Moody has sold to James Gayley 40x
l20 feet on Bradiock avenue, Braddock, with
a good dwelling, for IS 500.
The failure to sell the Government prop
of Penn avenue. This is to be regretted.
Whether 1t should be Bentleysville or
referring to a town in Wash
ington county, has been for some time a
much mooted question, some people insist
ing upon leaving the ''s'' out, spelling it
l. has been decided by the
Board of Geographic Nomenclature
and Orthography that the name shall be
spelled Bentleysville.
The new Board of Directors of the Union
Switch and Signal Company organized yester- |
lay by the election Of the following officers:
President, George. Westinghouse; General
Manager, E. III. Goodman; Executive Com
nittee. A; M. Byers, Thomas Rodd and James |
The West End is still displaying great in |
;erest in rapid transit Developments, and |
pliers of substantial help exceed expect |
ltions.
The letting of the contract for the bridge |
over Jacks run is an important step tow ard |
,he completion of California avenue.
Nj. L. and E. E. Jenkins have sold their |
stock and retired from the Exchange.
Movements in Realty.
A. Z. Byers y Co. sold lot in the North |
ide Land Associations plan at West Belle |
yue, for Mrs. R. Johnston, to William Gold, |
,eing No. 40. fronting IS feet on Harrison
venue and extending through LOS feet to a
5-foot alley, for $460 cash.
James w. Drape & Co. sold block of
light houses and lots in Lawrenceville at q
igure appro1imating SIS. 600; also a lot on
Copeland sire et East End, for 81 400; also
tx acres of ground near Sharpsburg for
2 $50; also IA lots in Munhail Terrace plan
t prices from $500 to $4O0 each: also a col
ateral interest in two properties near the
;ity of S., 500
S. A. Dfckie & Co. sold for E. r. Baker to
!. C. Hosack q lot on the corner of Bennett
treet and Park avenue. Brushton. 40xl35
eet. for $500; also sold to L. NJ. Pepper lot
5x60 feet on Fletcher street, Twenty-first
Yard. for $3.50.
Larkin s Kennedy sold to J. H. Hargrave
Or the Blair Land Company two lots in their
Ian at Blair station for $S25.
Black & Baird sold to G. ID. Simen q new
and mansard frame dwelling, with
IL modern conveniences, being No 5s25
ellsworth avenue, East End, with lot 2Ox LOO
set for 81, 800.
Peter Shields sold lot No. 1885, 3Ox90 feet.
coleman street, Greenfield avenue plan,
'wenty third ward, for $495.
Charles SOmers sold to GeOroe Pjner O |