Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-09
Activity In the Lot Market.

There has been quite an active movement
in East End realty within the past week or
two, particularly in Boulevard place, where
Black s. Baird have sold II building sites
within the time specified to persons who
will build high-clsss residences the coming
spring and summer. Among the purchasers
are j. G. Wallace, Mrs. Mary Gloninger,
f. H. Speer, Van Gorder & Lloyd, E. NJ.
Moore and j. G. Stephenson and associates,
known as the Boulevard Place Syndicate.
The most unique Of the buildings will be
that of Mr.. Wallace who will bring out
new effects by the use of red sandstone. MI:
Moore will build two houses The aggre-
gate of these sales is S35, 600 Boulevard
place was put on the market in 1887.
Building Improvements since that time
reach total value of $3.50, 900, while street
and other improvements foot up $3.50, 900
more. The readiest way to sell subdivi-
sion is to improve 1t.
Land Values in Boston.
A recent sale of central property in Bos-
ton is of interest as constituting grounds for
comparison of real estate values there and
here. The estate on the corner of Washing
ton and Bromfield streets, Nos. 81 and 1873
Washington and Bromfeld street, was
sold by the heirs of Elizabeth NJ. NJ. White.
The price is understood to have been very
close to $190, 900. The property Is well
known not only from its central location,
but from having been occupied for many
years by the Saturday Evening Gazette The
building is an old 31S-story structure of
brick, with a granite front. The land
measures 1,721 square feet, and has 'front.'
age of 80 feet on Washington street and
depth of about 60 on Bromfeld The
price received, $4,000. brings the
square foot value up to 500. This is al
most double the best price ever secured
for central property in Pittsburg. The
Trademen's National Bank comes the near
est to it. It brought a little over $50
square foot. There is very little difference
in the size of the two lots. The Schmertz
and Newell properties on Fifth avenue
ought not to be considered in this connec-
tion on account of the great depth of the
lots. Black & Baird report an offer of
$75 a square foot for lot 60 feet deep on
the lower side of Fifth avenue, but this
figure can have no weight until the cash
is planked down. The Boston incident
goes to sustain the claim that realty is
cheaper in Pittsburg than in any other i'm
portant city in the country
Take Your Choice.
The following from New York source
gives both sides of the speculative situa-
tion and outlook: The bears say March is
not a month of adversely to them and point
to large Western cities as boycotting Iowa
roads, to q prospective poor winter wheat
crop, to the lowest and dullest iron market,
and further claim the coal stocks are at too
high level and too scarce to sell short, and
predict further troubles in the gas and
sugar circles. The bulls claim railway
were never larger, general business
never better, exports over imports never
were exceeded, that the Kansas prospect
for crop was never better, money is easy
and there is more of it than ever before per
capita, that the Bank of England also shows
a large reserve over last year, that the
stocks are we'll held and are not pressing on
the market, and that much higher prices
may be looked for in the near future. In
the meantime the street is in an excited
frame of mind and is ready to believe any
tales of combinations or breaks in combina-
tions, in deals and melons that are to be cut
and in miraculous and phenomenal things
generally. The public are Indifferent and
they look on with amusement or indiffer-
ence at the stories employed to entertain
them.
PittsburS National Banks.
As compared with statements made at