Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-07
CITY REAL ESTATE.
Another Handsome East End Resi-
dence Changes Ownership.
BUILDING PLANS AT HAZELWOOD.
Homestead Looking Up in Expectation of
Another Railroad.
FEATURES OF MONEY AND SPECULATION

Mr.. H. S. A. Stewart yesterday closed
the sale of an elegant residence property,
corner Negley avenue and haywood street,
East End, for $1,000. The lot is 65x150
and the house brick two-story Queen
Anne, with stone trimmings. This prop
erty is in close proximity to that recently
purchased by Mr.. n. Bruce for $4,000.
There is talk of considerable building in
the Twenty-third ward the coming season.
Mr. NJ. L. jenkins expects to put up row
of 10 or IL dwellings in Hazelwood. A
four-story business block in the same place
is among the probabilities. Four or five
handsome dwellings are also projected.
An Interesting Rumor.
1t was rumored Yesterday that there was
a movement on foot by some Eastern bust
ness men lowing to the fact that they can.
not get buildings large enough and suffi-
GENTLY modern and central enough to ac-
commodate q large business) to lease
ground on long time and put up good build
ings to suit their purposes. Inquiry was
made of w. A. Heron & Sons, who were
reported to know something of the matter,
but they were evasive and would not con-
firm the report or consent to furnish any in
formation or suggestions. In spite of this,
the story appears to be well grounded.
Rapid Transit Development.
In no city in the country is rapid transit
a more important factor in material develop
ment than in PIttsburg 1t has already
worked wonders in enlarging the residence
area, but still greater results are looked tor
as the system is extended and strengthened.
The consummation of almost any of the
projects on the Southside, for instance, will
open up a large district long held back by
its inaccessibility. The completion of the
Duquesne branch from East Liberty to
Williamsburg has started an active demand
for property between these points. The mere
talk of an electric road through Homewood
has an active lot market as a response.
The Second avenue branch along Green
field avenue has brought that district into
prominence alter being neglec ted for years.
Owners, brokers and investors are closely
watching developments in rapid transit,
and confning their plans to territory con-
venient to established lines, or where there
is substantial certainty that roads will be
built
The assurance OF transportation improve
ments to meet the constantly enlarging de-
mands of the community cannot but make
Judlcfous Investments in realty in almost
any of the outlying districts turn out to be
profits able.
Homestead in Clover.
The wear opens cheerely for Homestead.
As stated few days ago, another railroad
is among the probabilities, and the bustling
borough is happy over the prospect. 1t has
been known for some time that the Wabash
is seeking an entrance into Pittsburg.
According to information the latest move
toward the accomplishment OF this end is by
way of MunhalI Run and connections with
existing roads.
So much confidence is felt that this
scheme will be carried out that investments
have been made in real estate by the
Munfail Valley Land Company and
individual capitalists in expectation of
a sharp advance in values.
Business News and Gossip.
New York stock quotations were short
ened somewhat yesterday by the snow
storm.
In nearly all cases new leases of down.
town property are advances over the old
rates.
II. S. A. Stewart expects TO build between
so and 40 houses an Negley and Stanton ave-
nues, Nineteenth ward, the coming season.
The net earnings of the Bell Telephone
Company for the fiscal year are said to be
almost So, 100000, or 2O.7 per cent on the capi-
tai stock
The Hays estate has road laid out from
point above Harden station, near Clark's
Ferry, leading up the ravine back OF W hita-
ker, where they have large plan of lots
mapped out.
Plans have been prepared for an enlarge
ment of the Tyler Tube and Pipe Company's
Works ut Washington, Pa.
w william Ryan has sold to j. p. NIL an i'm
proved property on Fifth street, McKees-
port, for SIS, 600.
Two oil tanks viii, soon be erected by the
< .t,,. ~
Washington county.
The blockade on Western roads is now en-.
tirely raised, and most roads are issuing or
ders to accept freight for Chicago and the !
East.
Three building permits were issued yes. |
terday, aggregating sl.60u.
Enterprise Mining Company stock, just |
listed, was marketable at 81 yesterday. The |
par is s.. |
A number of local insurance companies
announce regular dividends.
Electric is more active in Boston, but /
there is little demand Tor it in Pittsburg.
Pittsburg and Western earnings, fourth |
week of December. $5s,2s4; increase, $575l; |
month, SlSS,652; increase, S3l 222.
A the last call yesterday Birmingham |
Traction offered at 1874. For Duauesne,
100 shares, III was bid. birmingham was |
little stronger after call. For the bonds 951l
was bid.
Movements in Realty.
Charles Somers sold for c. Limburg to j.
P. Saunders the grocery business on the cor
ner OF Bidwell street and PENNSYLVANIA
avenue, Allegheny, at a price approximating
=, ,OO0
Ira NJ Burchfield sold lot on Lytle street.
for sl,0c0 The purchaser will
build.
Black & Baird sold for Charles Fisher to
George Berbick the Enon Valley hotel
property, known as "The American House."
of hotel building, stable, etc,
With lot l25x125 ieet, for 5000.
j. Z. Glass sold for John Wesley to A. c.
Watkins a two-stoIy frame dwelling on Soho
street, near Center avenue, Tor S., iOO
John X. Ewing & Co. sold for John H. Rise
| new Queen Anne cottage, frame. of five
rooms and hall, with lot 25x75, on Ellis ave
lue, near Perrysville avenue, Tenth ward
Allegheny. 1or - 5O0
Allies Bros. & Co. sold for Adams & Co. |
ylass manufacturers, TO William klcinsins,
lot 40xS0 feet, on Frederick street, near
Tenth street. for s. 437 so cash.
A. z. Byers & Co. sold for James H.
henderson to Mrs. Mary T. Mahoney two
OTIS in the Tenth ward, Allegheny, ON the
inc of the Perrysville avenue electric road
ronting 60 feet on Marshall avenue and ex-
ending through 200 feet, for 81 ,475 cash.
w. A. Heron & Sons sold in the East End
lear Fifth and Negley avenues, q very hand
ome and modern residence OF ten rooms,
With lot so feet front, for 5000 cash.