Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-06
RENTS ON THE JUMP.
Offer for a Store at Nearly Double
the Price Paid Last Year.
ANOTHER SUBDIVISION OPENED
An Outsider Investigates the City and
Forms Favorable Opinion.
FEATURES OF MONEY AND SPECULATION

ueSs property are gong up, Dlack q DaiIO
have offers for a store room on prominent
street at an advance of 80 per cent over the
present rate, and 30 per cent more than is
paid for q similar room not only in that
quarter of the city, but in the same block.
This results from scarcity Of large and
modernly equipped stands Rooms that
are idle, and they are very few in number,
are in nearly every case too small or i'm
provided with necessary facilities and con-
veniences. Owners and builders should
stick pin right here.
New sub-Division.
Mr.. Edwin Powell has plotted the Sar-
gent farm, corner of Negley and Stanton
avenues, Nineteenth ward, and Councils
have approved the plan. There are 100 lots.
The first purchaser was Mr. Peter Keil, one
of the directors OF the Third National Bank.
| He bought on the corner of Negley and
Avondale Place. His lot, as are all the
| 500 foot front Mr.. Keil proposes to
build very fine residence, plans for which
are being prepared by Architect Frazier.
1t is the intention to make this plan one Of
the beauty spots of the East End.
Good Words for Pittsburg.
A nonresident business man who is nego-
tiating with Baxter. Thompson & Co. for
residence site near Bellevue, said yesterday:
IT admire Pittsburg very much. 1t is
really beautiful city. 1t is full of beauty
spots, and these are not grouped in any
quarter, but we'll distributed. The East
End is magnificent. Evidences of wealth
and culture meet the eye on every side.
Some of the finest views have every had
were obtained on Perrysville avenue. I
am greatly impressed with the country
around Bellevue. From my information
think it will not be very long until it will
have the advantage of electric cars. This
will cause rapid development Every
quarter of Pittsburg is full of possibilities,
which believe will in few years become
realities"
Another Fifth Avenue Corner Sold.
The activity which began in real estate
on Fifth avenue, beyond the Court House,
continues and promises to reach important
dimensions before long. Yesterday a pur-
chase was consummated through the agency
of j. c. Reilly, Diamond street, of the
three lots and buildings corner of Fifth
avenue and High street, being what is known
as the Lafferty property. The purchasers
were Messrs. J. Kaufman and B. Furst,
and the price was in the neighborhood of
$25, 600. There are several other large
properties in course of negotiation on the
street. Most of the buyers are capable both
Of holding and improving, and as a good busi-
ness demand is springing up there for stores,
improvements out the avenue from now on
will be numerous. This makes the fourth
large transaction in corner property on that |
street within few months
"A Successful Savings Bank. |
The biennial election of the trustees of |
the Peoples Savings Bank took place yes |
terday under auspices which were highly |
gratifying to the stockholders. The Peo-
ple's while always popular bank and en-
joying deservedly, ever since its establish
ment, the confidence of the public, has
within the past couple Of years made great
er strides than ever in its history. 1t has
the largest capital stock of any savings in
in Pennsylvania-this being an
posits now run up in round figures to 81 /
600, 900. The trustees elected yesterday
were John W. Chalfant, A. E. W. Painter,
Thomas Wightman, Hon. Edwin H. Stowe,
George Wilson, T. P. Day, George P. Black,
w. ]. Moorhead and D. NICK. Llovd. This
is q strong board. The Peoples is also
fortunate in having for its President one of
the most worthy and capable of Pittsburg's
inanciers, Mr.. David Mex. Lloyd. Under
his administration the bank is going steadily
ahead.
Better Prices for Farma
Farm lands are on the move. Since last
January there has probably been more sales
Of this kind of property-or rather more
purchasers, for owners aren't unloading
just now-than in the five or six years pre-
ceding all put together. That is the opin-
ion CT S. Overmire, who is an expert in this
matter. The reason is not hard to see; last
year big crops set people to thinking and
many Eastern farmers have bought Western
lands. Farmers in the Northwest have
thatthey are all right and are
buying up lands adjoining their own farms.
A year ago farm lands were a drug While
here has as yet been no marked advance
farms are selling readily and Mr.. Overmire
estimates that % per cent rise in prices
will follow this years harvest if it is as
generous as that Of last year.
Yesterdays Building Permits.
Eleven permits we're issued yesterday for
2 improvements, aggregating in cost S29,-
'75. The largest are: Terry Morrison,
rame dwelling on Morningside road,
Eighteenth ward, 81, 900: R. Hayden, frame
lwelling on Pacific avenue, Twentieth
yard, 81 900; ]. NJ. Donaghy, two frame
dwellings, on Kirkwood street, Twentieth ,
yard, s., 1000; A. Garrison Foundry Com I
,any, machine shop on Tenth street,
ward, $4,000; W. F. Ed
nundson, brick dwelling on Fifth avenue,
fourteenth ward, SS,S25.
Special Features OF Trade.
The street railways did land office bust.
ess on the Fourth b. Their securities should
lick up.
The Philadelphia Company has taken up
bout 600 feet of six and eight inch pipe in
Henry Rushton has purchased residence
roperty on Arch street, Allegheny, for
1000
The addition VIII ich Boggs Buhl are
making to their store building on Federal (
treet, Allegheny, will cost $4,000
Connellsville authorities are receiving bids
Or paving and matchmaking several of the
principal streets in that town.
Mr.. c. H. Love reports a better inquiry
or business and residence properties than q | Z
ear ago. This is in line with the views OF |
ther real estate brokers.
Trustees of the People's Saving Bank for {
he current yeara John w. Chalfant. A.
.dwin H. Stowe. George Wilson, I. B. Day,
gorge Black, W. ]. Moorhead and D. NICK I
lloyd.
On 'Change yesterday Howard Plate Glass
ompany stock was offered at l00 /
A prominent member of the Exchange is I
ick erfng for large residence property on l
erry sville avenue. I
The Humboldt Fire Insurance COMPANY 1
n gemi-AnnnaI af 4 | \