Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-25
ON THE NORTHSIDE.
Movements in Real Estate and Con-
templated Improvements.
THE REVIVAL ON PENN AVENUE.
AcKeesport Business Property Higher Than
That in Allegheny City.
FEATURES OF MONEY AND SPECULATION


same. Every citizen has large fnnd of
confidence in the continued expansion of
the city, with its attendant growth of popu-
lation and business, and if not already a
property owner, is trying his best to be-
come one. Realty is the principal topic of
conversation now that comparative quiet
has fallen upon the political situation. Mr..
j. X. Ewing, who knows a thing or two in
realty, in the course of conversation yester-
day, mentioned some interesting events,
actual and prospective. He said:
"We have more business than we can con-
veniently handle, and to-day put on another
salesman. The demand for dwellings, both
to purchase and rent, is unprecedented.
Many strangers are coming in. Business
houses are almost in as good request as
dwellings. There is very little of it on the
market, the most of it being owned by
estates. Nearly everything on Federal
street is tied up in this way. The most
active quarter of the city just now is the
Tenth ward, along the line of the Perrys-
VILE avenue electric road. We have sold
fine houses here in the last month, two of
them yesterday. The inquiry, for building
lots in this district is very active. Building
operations in this ward this year will be on
a large scale. We will finish plotting and
put on the market about March 1 the Nc
Naugher tract, about 20 acres.
California Avenue Improvements.
'Work is still suspended on California
avenue, but the assurance that it will be
opened as far down as Bellevue the coming
summer is keeping realty prominently in
the foreground. Deals are In progress for
several acreage properties, with view to
subdivision. The completion of this ave-
nue. will open up territory which will
favorably compare with the famous East
End, with the advantage of much lower
prices-quite an item to home-seekers. p"
Elsewhere it was learned that stock
company has been formed, composed of
leading citizens, for the purpose of buying
ground on one of the principal avenues and
erecting six or seven story apartment
house. The site has been selected. Nego-
tiations are In forward state for $50 feet
near North avenue, with the object of erect
ing thereon ten handsome dwellings. The
building 120 Federal street, occupied by d.
& S. Weetz, will, the coming season, be re-,
placed with handsome fve-story modern
structure. This property Is owned by the
Davis estate.
movements on fenn avenue
Penn avenue has, within a short time,
sprung into prominence as one of the live
liest of the downtown thoroughfares. This
nearly everybody knows. Ihe large IN
crease of business and consequently greater
demand for floor room on other streets and
avenues are forcing people on to Penn,
W. %nole "a. loss 20. ~ ~; a.Hat
'llose viz nav VI VIII ioo"te On iie % 49, I
az SSpSoA 80 CL;1ds
II + p,LI IL. ph;,o. T.
81, "nu " 80
~ ct So F., I1O Ja.r naar C,rrisnn
1eeO ~ - ueSp' 80 HL
aliHy' anu Lew maue anu W. E.oh u f hIeca leu
Will build nearly opposite. Each OF these
structures will be eight stories high.
The latest about tbe Government nropertv
:. thot nJ;o.ta ,f T ;hort,, stra.+ br.;n.s..
10 .iia' ey huica'e Vi Liooi'y eIioo' puoin1es
men Will BUY 1t at the coming pubic sale,
with view to the erection OF mercantile
houses for their own use.
McKeesport Land Values.
IT,. ,t,to,,ont w., ~ l.. ,.,or,Tu
Inc statemeh! may hot pe generaily
credited, but 1t Is TACT nevertheless, that
the best business property in Mckeesport
is higher than the best business property in
AIlagbenv Citr For inSt.noe Rlool &,
p.;rS - ofa.;,o, en- toa+ f.on+ ~, E;ftl,
OAHU arc oHelins w &c oro nlon' un ntn
avenue, Mcheesport at ~ zoo 1901, ana
figure. The highest rating on Federal
street. AlIepheuy- is from 81 500 to 81 800
TL;s !; ooae1nt.d for ~ AiIanhonr -.
Inis 70 "o0ou.sou ioi Wy ThiiosnonJ n.J icing
ldISeIy IesiueHcc quarter vi lttspurS,
while Mekeesport is an autonomous city,.
standing for itself. and having its own busi-
ness center
The fine weather OF yesterday was great
stimulus to trade. Street traffic was yerv
hoo1r
or p,,os ,.os.orao ,,o,oa ..
OLeary BIOS. yesterday closeu contract
with w. b. Scalfe q Sons for the iron build
ings for their glass works at Blair station,
They will be almost a duplicate of those OF
the T. Campbell Company at the same place.
Baxter, Thompson & Co. will soon begin
their new quarters, corner
Fourth avenue ana Grant street, prepara-
'or ro,ro ~ tI panptt pro will soo ,,,.,,
gronnd for their eiyht-story buildine near
the foot of Smithfield street.
At the last call Yesterday Henry NJ. Long
bid 231s for 500 Pleasant Valley without
getting it.
At the close of the afternoon call yester-
day prediction was made by Muslin, backed
bv $780, that Citizens Traction will sell at
IS before it drops to CO.
The annual Statement of the Equitable
Life Insurance Company appears in the I'D
vertising department this morning. 1t shows
an increase in the assets of $1,000, 900, and
over "a, 900, 900 added to the surplus. The
business for the year was $s4, COT. 600 in round
numbers greater than that of the year be-
fore. but in spite of this the proportion of
assets to liabilities is larger than ever be-
fore. Edward A. Woods is manager for this
district.
six permits were issued Yesterday for the
erection of seven buildings and additions
saoreoatinp 40 375 The one of most i'm,
On Ann street. Sixth ward. to cost a. 600 q
"a Shirley is the owner.