Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-17
The Movement Much Better Than at
the Same Time Last Year.
ACTIvITYIN THE REALTY MARKET.
Some Of the Shadyside Building Schemes
Beginning to Materialize.
TWO EAST END RESIDENCES PICKED Up

| companies D1VlQenQS are Always soulce
of inspiration, and the effect of those noted
upon the stocks of the respective companie,
was immediate and radical. Money wa!
abundant, but the call for loans and dis
counts manifested broadening tendency.
The volume of trade was scarcely up te
expectations, but was larger than last yeal
at the same time. There was no abatement
of confidence in the future After putting
the finishing touches to this weeks work
4 bank cashier remarked: "If this veal
does not turn out the best in the history Of
Pittsburg will write myself down a false
prophet."
Two East End Residences Sold.
The fine residence of William Mcdonald,
former manager of the Pittsburg and West
ern Railroad, but who recently removed to
Minnesota, situated on Ellsworth avenue,
near South Negley, was yesterday sold to
Joseph Fisher, the Fifth avenue lumber
dealer, for SIS, 600. The lot is 45x140 and
the house a brick two-story Queen Anne.
Mr.. Fisher will occupy it as a residence.
Another East End residence changed
ownerships yesterday. NJ F. Nipple & Co.
sold for David j. Thomas to j ohm Fl. Boyts,
| of Irwin, Pa, modern 10-room brick dwell
| ing and lot 55x127, on the northwest corner
| of Forbes and Halket streets, Fourteenth
ward, for S16, 900. Both of these sales are
said to be bargains
A smithfield Street Lease.
The property on Smithfeld street, on the
upper side of the Masonic Bank, sold few
days ago by Black s. Baird for $50, 600, has
been leased by the same firm to George
Schwebel for term of three years at an
annual rental of 81, 900. This is about
81 200 advance on the former rate, but it
nets the owner only about per cent.
Homes for the People.
Building schemes in the Shadyside dis
trict are materializing. A. I. Scott, the
shoe man, will begin the erection of
handsome stone and brick residence at once.
Morris & Fleming have about completed
plans for five houses, and the Yoder Land
Company will build six more. Thomas NJ.
Ulane, of the Pittsburg postof6ce, will this
week break ground for stone dwelling on
Wallineford street.
The Stewart houses, five in number, on
Murray Hill avenue, are nearing compile
tion. They will be ready for occupancy by
March L. Mr.. Stewart is having plans pre-
pared for seven more, to cost $4,000 each,
in the same locality All of these houses
have been designed with view to meeting
the wants of people of moderate means.
A Realty Expert Talks.
Mr. j. c. Dick, prominent real estate
operator and builder in the East End, takes
hopeful view of the business outlook. In
an interview yesterday he said: frThe
building prospect in and about Pittsburg,
and especially in the East End, far sur
passes that of any former year. A few of
the reasons for this are: Scores of outsiders
are seeking homes in all the outlying dis
tricts of the city; second, the facilities for
rapid transit are nearly perfect, enabling
people to quickly reach almost any point to
which they may wish to go; third, the
immense railroad and river traffic, natural
gas, coal and iron, and the prospect of a
ship canal from Lake Erie are making
Pittsburg the foremost city in the United
States; fourth, 1 learn from good authority
that the building trade will not be iRter-
1upted this year by strikes.
'sViewing the situation and prospect in
this light. and keeping in mind the rapid
growth of the city, I recommend real estate
as a safe and profitable investment, and ad-
wise home seekers to act promptly before
values are marked up,as they will be before
long"
Business News and Gossip.
The story Of the sale OF tho Freehold Bank
property to Matt Weiss for sll5,000 is told in
the local columns.
Stock trading the past week was large
enough and prices strong enough to show
that the plethoric money market is stimu-
lating speculation.
At the stock call yesterday there was a bid
of 1o4 for United States Glass Company pre-
ferred. The common was offered at par, leo |
No building permits were issued yester- |
day. The number taken out during the |
week was Is for 90 improvements aggre- |
eating SIG, 40. |
Kuhn Bros. yesterday sold % shares of |
Third National Bank stock at 12511aa; also 80 |
shares birmingham Traction at ls1a
On call yesterday.l91a was bid and 20 asked |
were stronger on the street, ase was also
Switch and Signal. -
Eastern orders keep the boom going in
Gas. Trading in it Yesterday
was heavy on call. and several deals were
made outside. The weakness at the last
was attributed to a legal bac ckset
. George B. Hill & Co. Yesterday sold 100
in New York at l615.
Scotch Oil companies are in conference
with the Standard Oil people concerning an
increase in the exports Of oil.
Last week vas 81 good one in real estate,
the conviction of an active
market ali the year.
Movements In Really.
John X. Ewing 6 Co. closed the sale of
four-stor7 brick apartment building in the
Fourteenth ward, Allegheny, for $4,000
The purchaser is welIknown Sewick,ey
|
C. Fl. Love sold for Mrs. s. A. Morgan to
Frank German Il uine-roo,n brick house and |
lot. 25xl27, No. 1855 Fifth avenue, for &c. 900
caaii: Also brick Tour-story house and lot
cn Third avenue for W. A. SHOPPER for $l0,-
500: also brick house on Second avenue for
Relwig Lang for 5000.
Baxter, Thompson g. Co., sold another of
those fna two-story mansard pressed brick
dwellings, on Cliff street, Eleventh ward, |
with lot 20xl60, for 81, ,000 also, lot No. 80,
Ruch Place plan, Thirteenth ward, fronting
% feet on Kirkpatrick street and extending
back 100 feet to II 20-foot alley, for $3.50.
Black Baird sold for A. NJ Bailey to d. |
r. Speer, a lot on the northeast side of Penn
avenue, near Point Breeze, East End, 81 feet
by about 100, for S. 800 spot cash.
The Bulrell Improvement Company re-
port the following sale oflots at kensington: |
Mrs. Ida Kennedy, Pittsburg, lot 122 block
J, for 276 %: Stephen Hudock, Bridgeport,
Conn.,, lot III, block s, for 1926: Luigi A. Ferr-
ara and Luigi Aiella, Sharpsburg, Pa, lots 81
and SO, block 2, for s., ,256 %; Peter Sharpe,
Oil City, Pa, lots 1856. 1856 and 1877 block 8, for
s625 Daniel Lloyd, Jr, Greensburg, Pa, lot
LII, block s. ior 1915; Mrs. NJ. Thompson, Ford
City, Pa, lots 26 and 27, block T. for sI575;
John Dunko, Pittsburg, lot l49, block 2, for
$3.50 g; Edward Randalls, Pittsburg, lots IA
and Is, block 8, for SOL 25; W1lrich & Clancy,
kensington, north half "a, block 8, for $3.50 6s;
Philip Fisher, Pittsburg, part lots 81 and 80,
block 4, for 81, OLE 30.
A. T. Byers & Co, sold for James S. Hecker
TO Isabelle Haine, lot No. ITO in the North
f6n r N,.IA =,