Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-19
TRADE OF THE WEEK.
"A Seasonable Movement With No
Positive Discouragements. !
LATEST EVENTS IN REAL ESTATE.
Prof Andrews and Others Acquire Eleven
- Acres on Fairmount Avenue.
A GUN FACTORY STEERING THIS WAY

luS laSt week TO dcCclerdte ItS mOVcmeHts
it was of good volume for the season. This
is not time to expect q bulge in any de-
partment of activity. Hot weather and
hotter politics divert attention from mate
rial things Nor are the conditions alto
gether favorable. The discussion of the
iron workers scale of wages for the ensuing
year injects an element of uncertainty into
the situation sufficient to check aggressive
tendencies There were no positive dis
couragementa --'
Money and Outlook.
/ So. Money was easy. The shipment of $7,-
600, 900 gold to Europe attracted scarcely
any attention. In fact, in view of the large
surplus held by the banks it was regarded
as benefit There was no abatement of
confidence in the future. 1t is expected
that after the July settlements large
amounts of money will be invested, which
will in measure relieve the pressure Of
idle funds Crop prospects are favorable
for yield almost equaling that of last
year.
A Big Deal in Acreage.
The largest transaction in East End acre
age for some time was consummated on
Thursday last by Charles j. Pedder and w.
H. Skivington, representatives of Liggett
Bros. real estate brokers, for R. B. Mellon
to Prof Samuel Andrews and three other
prominent capitalists, for $50, 900. The
tract comprises about 4 900 feet OF frontage
on Fairmount avenue and Onyx street. The
streets will be improved at once and the
property put on the market at reasonable
prices ~ -.
- Talk Of . New Enterprise.
There is. some prospect of an important
accession to the Industries of Pittsburg.
The representative of an extensive gun
manufacturing company in Massachusetts,
was In consultation yesterday with Black &
Baird In reference to the purchase OF site
in or near the city with view to the re-
moval thereto of the entire plant. Should
negotiations be successful, the company
will be reorganized and the capital stock in
creased from S15e 900 to $500,000. Several
local capitalists are interested.
The Kuhn Property Sold.
A transaction in real estate of consider
able Importance was concluded yesterday
by M F. Nipple & Co. The sold for E. s.
Kuhn to downtown business man . three
story stone front business house ON a lot
20x145 feet, on the north side of Penn
avenue, near Sheridan, East End, tor
$26, 600.
Compelled to Enlarge.
The Pittsburg Riding Academy is to be
enlarged to meet the requirements of in
creasing patronage. The promoters of this
enterprise, represented by Mr.. Theodore r.
Hostetter, have purchased, through the
agency of w. @. Stewart from Mrs. Eliza
beth Kitzmiller, q lot 1001247 feet on the
south side of Bayard street, adjoining the
academy, for $S, 800 This addition to the
grounds will permit of the enlargement of
the buildings to- any size necessary to meet
present and future demands.
Facts Of tho Dempster Sale.
The Dempster property, consisting of
eight acres, fronting on Stanton avenue.
near Negley, changed ownership about
week ago, as briefly mentioned at the time.
1t was learned yesterday that the purchaser
is w. H. Williams, formerly active in busi-
ness in the East End The consideration
was $40, 600, or $4,000 an acre. Mr.. Will
hams will improve part of the ground with
an elegant residence for himself and sell the
remainder. '-'--
Special Features Of Trade.
The half holiday yesterday gave needed
relief to a large force Of clerical workers.
Fifty.four permits were taken out last
week for 72, improvements, the estimated
value of all being sl45, 800.
Acharter WAS issued at Harrisburg yes
terday to the Duquesne Water Company of
John F. 6ocSburn, Of Allegheny. is the treas: treas:
HE. Dubarry yesterday took out per
NIT for two brick dwellings on Atlantic
avenue, Twentieth ward. to cost sls, coo.
Wood street, Wilkinsburg, Is to be paved
from Penn avenue out to the borough line.
C. T. Beeckman, the Fifth avenue real
1,6S l-- .4-~l>A g. IT.
attend the Democratic Convention
The May statement OF the Baltimore and
Ohio shows gross earnings of 81, 0l8. $780, an in
crease of $5S. .49l over last year. and net s5ls-
cent has been declared on the preferred
stock payable July l.
Baxter, Thompson & Co. report work
on the y houses on Addison
avenue. Ruch place. They will be ready for
occupancy by September !, and will be sold
on easy payments.
The assessments on holders Of National
Transit certificates to make good the loss by
the oil country fire amounts to L76 barrels
on every 1000 barrel certificate.
additional s Points in Realty.
Baxter, Thompson & Co. sold two-story
frame house on Ridgewood avenue, Second
ward, Allegheny City, lot 26xl00 for price
approximating $500; also lot No. 75 Ruch
Place plan, Thirteenth ward, fronting %
feet on Ruch avenue. by 100 feet in depth, for
400 cash. The purchaser will erect neat
tw o-story frame dwelling.
George Schmidt sold a lot on Lookout ave- |
nue, being No. l55 in his Eureka place plan, |
Oakland, to John Davis, for $3.50.
c. T. Beeckman sold for the Larimer Land |
Company in tho Grand View |
Place plan, at Larimer station, Pennsylvania |
II lots to Samuel Sweeney for$2 900. |
This makes 4s lots sold in this plan during |
the past week. -.
John X. Ewing & Co. sold to Michael |
Dougherty a lot 25xloo on Mayfeld avenue,
In the Mavfield plan, Tenth ward, Allie
gheny, for $3.50; also sold a lot 2oxl02 on Nor
wood avenue, same plan, to Mrs. Delaney,
tor $3.50.