Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-01
POINTS In REALTY.
Markets Strong and Healthy, With a
Large Aggregate of Business,
BACKED BY POTENT INFLUENCES.
A Little More Light on the Big Deal in
the Squirrel Hill District
FEATURES OF MONEY AND SPECULATION


ought to be at this season. This position Ii
un.enable. 1t is true the market might be
more active, and perhaps would be, but fol
long siege of bad weather and impossible
roads; but that this would be an advantage
is by no means clear. There is so much
idle money that it would be easy to start q
boom" in realty. This would be posi-.
tive evil. The market is far better as it il
That it is strong and healthy no one will
deny, and that it is reasonably active
is susceptible of proof In the last
two or three weeks sales ranging from
$4,000 to $3.50, 900. and aggregating up
ward of $500, 900, have been consummated
and reported in the city papers If to
these were added the sales of single lots and
small improved properties the total would
surprise the public.
Pittsburg is becoming great distributing
center, its fame as the greatest manufactur-
ing city in the country has reached every
quarter, and people are focking here from
all parts seeking opportunities tor trade and
and influences there is not the slightest
prospect of lapse OF interest in real estate
nor of a reaction in valueA
More Light Let In.
It was learned yesterday that Ira NJ.
Burchfeld, who has a tight grip on Twenty
third ward property, engineered the How
ley deal in Squirrel Hill acreage, reported
in this column on Sunday. As stated this
is the most important transaction ever con-
summated in that quarter. 1t may reach
$500, 900 or over. Nearly three years ago
MI. Burchfeld concluded series of deals
in the same ward aggrcgating $225, 900. The
purchasers in the latter instance have i'm
portant improvement schemes in view and
abundant means to carry them through.
They will be of great benefit not only to the
locality in question, but to the entire city.
A few details remain to be settled. AS
soon as they are arranged complete his
tory of the transaction will be given to the
public.
Yesterdays Building Permits.
Yesterday was On active day with the
builders. Twenty permits were issued for
"a improvements, the total cost of which
Is estimated at $91, 400. The most import
ant are: ]. c. Shaefer & Bros, brick car
riage shop on Fifteenth street, Twenty
brick dwelling on Center avenue, Thirteenth
ward, So, 800; F. A. Ernz, brick business
house on Carson street, Twenty-sixth ward,
So, 600; Little Sisters of the Poor, three
story brick chapel on Penn avenue, S21 900;
H. Miller & Bros, three brick dwellings on
Carey street, Twenty-si1th ward, S., 900;
Martin Sobsterosky. frame dwelling en-
Stobo street, Fourteenth ward, s., 900; c. NJ.
Johnston, two frame dwellings near Smith
street, Twenty-third ward, $1,000; T. j.
Black, frame dwelling on Aiken avenue,
ward, $1,000.
Special Features Of Trade.
Six hundred dollars has been paid for
strip of ground ten feet wide on Kelly street,
1t is estimated that the supply Of natural
gas at Pittsburg will be exhausted in three
years. So says the Wall Street Ne,os. The
same thing was said three years ago, and
with quito as much reason as now. Tho
supply is not exhausted.
,Semi-annual dividend payments due in
Boston in June will be s., 5,649 049, which is an
Increase of s., 1856 ,067.
The Newell building, on Fifth avenue, is
undergoing reconstruction. The Hussey
building, adjoining, is nearing completion.
Outsiders writing to Pittsburg for land
suitable for subdivision at 800 to $500 an
acre show dense ignorance of values. There
is no property of the kind they want in the
market at less than So 900 an acre.
The Bank of France and the Russian State
Bank together hold $625, 900 00O in gold.
The BesyeE Valley kaw s ts o
sengers and received in iares $25.l2 OS
Daniel Wenke has bought from Sarah
Heron 100 acres in Richland township, for
which he paid $4,000
Sales of stocks last month aggregated ll,6l0
shares, OF which Birmingham Traction con-
tributed 2,s05, Duquesne 1920 and Manchester
1866
1t is said the piano and organ factory at
will be abandoned.
William Harrison will this week begin |
work on three dwellings on East Carson
street.
Additional Points in ReaItv
JE. Glass sold for Thomas ". McCune to
A. L. Watkins a new nine-roomed frame |
house with all modern conveniences, lot |
streets, Oakland, for $780,
Larkin Il Kennedy sold for August Bart |
ing u two-story frame house, No. 81 Pride |
street, with lot 24xi03, for s., 600 cash. |
Black & Baird aold to James j. Boyle the |
properties Nos. Il and 70 Chatham street, |
being two two-story brick dwellings, with |
OF 30x96 feet, for $6,75O.
John X. Ewing Il Co. sold to Max Schneider,
or Mrs. Grace Haworth. a lot e5xIeO on Ellis
venue. near Perrysville avenue, Tenth |
ward, Allegheny, for 81 900 cash.
Reed B. Coyle 4 Co. sold to Hannah Joyce
frame dwelling of six rooms, with lot e5xI35
eet to sn alley. on Kelly street. Twenty
irst ward, for 81, $40.
The Burrell Improvement Company re-
,ort the following sale of lots ut Kensing.
on: John and Josephine Kautorezyk, lot
o., block Q. S4ss 10: Edward Meukfn, lot 80,
lock Is. se37 30; Ernest Blank, lot 81, block
1892 50.
Sloan 4 Co. sold u lot in their River View
Ian, adjoining Kensington, to William
Brown, for $3.50.
A. T. Byers Co. sold for the Ridgeview
and Company to Edwin Patmore lot ,O5 in
heir plan, Eleventh ward, Allegheny. 'front.'
ng 81 feet on Floridn. extending 14l feet to
Alaska street, for $275 on monthly payments.
THE CASH MARKET. |