Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-24
Birthstone Corner to Be Superseded
by Business House.
THE PROPERTY is ON THE MARKET
improvements Actual and Prospective Give
Federal Street Lift.
FEATURES OF MONEY AND SPECULATION

the denomination. The late Bishop Simp.
son preached there at the beginning of his
distinguished career. The congregation has
outgrown the building and it will be sold.
This has been,rumored so often during the
last three or four years that many, no
doubt, will feel like impeaching the ac-
curacy of the statement. But it is fact.
The property has been placed in the hands
of W. A. Heron & Sons for sale, and will
be so advertised in THE DISPATCH.
The principal objection of the congrega-
tion all along to giving up this location and
going elsewhere has been that 1t would
leave the central part of the city without a
representative Methodist church. But this
difficulty has been obviated by the trustees
securing an option on suitable site on
Seventh avenue, near Smlthheld street.
The lot is capacious enough to admit of a
building as large as may be desired. 1t is
understood that several fiattering offers have
been made for the historic corner, and the
probabilities are that the old church will
give place to handsome block before the
year rolls away.
The announcement that birthstone Cor
ner' is in the market will be q surprise to
many whose associations with the place go
back to childhood. Its disappearance will
forcefully emphasize the revolution going
on in Pittsburg. Sentiment and tradition
are yielding to the growing demands Of
business. and landmarks are esteemed in
proportion to their commercial value:
Joining the Procession.
Indications are cropping out here and
there that Federal street, Allegheny, is
awaking from its Rip Van Wrinkle sleep.
1t has been backward for so long time that
many will receive this information with
more or less incredulity. But facts, always
stubborn things, bear out the statement that
it is falling into line with progressive thor
oughfares on this side of the river. The
work of remodeling, or rebuilding Colonade
row, the residence and pride of the late
General Robinson, has actually begun. 1t
will, it appears, be built up two or three
stories and extended to the curb, doing
away with the porch, which has long been q
feature in that quarter. The new building
will contain a row of stores on the first fioor
and Offices above.
street is found in the fact that negotiations
are pending for three or four old buildings
below the market house. IF the deals go
through handsome business block will be
the result 1t is too early to give particulars,
but the agent in charge says everything Is
favorable to the , successful issue of the
transaction.
Followed Good Advice.
Real estate agents are useful members of
society in many ways. Without them the
buying and selling of lands and houses
would be of small Importance. Many a man
in these cities is indebted to them tor the
inspiration which moved him to acquire
home. Here is case in point. About five
years ago Scotchman living on the North
S. 600. Before it slipped through his
fingers one of his friends, who
was and is a. real estate agent, induced him
to buy lot in McClintock place, which
had just been opened. A year later he
built nice dwelling, which he now occu-
pies. It is almost paid for. He could sell
it any day for s., 600 more than it cost him.
The purchase of the lot was his first in;
vestment, and really the first money he had
tenor-of his life. Instead of living from
hand to mouth as formerly, he is comforta-
bly, fixed, Independent of landlords, and has
no special horror of a ''rainy day." If the
advice of real estate agents were more gen.
erally followed, there would be fewer ten
ants and more proprietors.
Late interpretations.
The United States Corporation Bureau
reports the list of newly completed incor-
porations in the United States for the week
ending February II, 1892, as follows: Total
corporations, 37S; total capitalization, $115,-
7s2, 1925, distributed as follows:
Mercantile and manufacturing
companies, 11b. 11b..................e el6, 808, $50
Banks tnot nationaij and invest 80
ment companies, s........ 80. 265, 900
NaA Atrr nj har1k to a ivy q
Gold, silver and other mining: and '''
smelling companies 50. -. as.71s, 900
Coal and iron companies, 8.... 1850, 600
Light, heat, power and transporta-
ton companies, 2S................ 18, 626 900
Building and loan associations, R.s 81, zoo, 600
Irrigation companies, 4............ 2,l04, 900
Miscellaneous companies, lsO...... 7,487,o75
Business News and Gossip.
It was reported yesterday that the,United
States Glass Company had secured an option
on a large tract of land near Elizabeth as a
site for its plants. The report could not be
verified.
S5, ,000, ,0cO in Pittsburg and Allegheny on real
estate security within the last five years.
From this it Is quite evident that outsiders
have faith in the future Of these cities
German Turner's OF Canton, o., are pre-
pairing to build new hall at cost Of $4,000.
Methodists of Coraopolis and Catholics of
Johnstown will build new churches in the
spring. Bids are invited for the latter.
In stock circles in Chicago it is rumored
that Gould and Wanamaker have Joined
hands in a scheme to bull Western Union.
The expansion of over $4,000. 900 in loans
by the New York banks last week speaks
well for the business situation. Pittsburg's
big surplus will soon get into circula ton.
John B. Barbour, Jr., of Rea Bros. & Co.,
on the sick list for a few days, was on
Change yesterday looking out for snaps, as
usual.
Birmingham Traction bonds moved up
another peg yesterday. At the last call 99E
was bid. At the first call 19s< was bid for q
5OOsshare lot of Switch and Signal.
The demand for dwellings in Sewickley is
greater than the supply. This is the case in
all the towns around Pittsburg.
Checks for dividend No. l on Hidalgo,
being per cent. were received by stock
Nine permits were issued yesterday for the
erection of the same number of buildings
and additions at total estimated cost of
Sc, ,S25. The most important was taken out by
j. n. Aaron for frame two-story and attic
dwelling on Wall street, Fourteenth ward,
to cost s., ,300
Movements in Realty.
W. E. Hamnett & Co. sold house and lot
on Biddle avenue, Williamsburg, for 81, ,2O0
S. A. Dickie s Co. sold for F. H. Speer to
C. Donhuea a two-story and attic frame
house with lot 231 1axl20 feet, on Gerritt street,
Twenty first ward. for s., 400.
John X. Ewing & Co. sold to Isaac Gross,
the Sixth street tailor, for John Degelman,
of the drygoods firm of Degelman & Black,
the property No. 33 Liberty street, Fourth
ward, Allegheny, being two-story and man.
sard brick house of seven rooms, lot 25xSS
for Sc, 700 cash.
Black 4 Baird sold TO Avis Zullner lot lOl
in the Alta Land Company's plan, on Du-
quesne Heights, for 500 on the easy payment
plan.
Peter Shields sold another modern eight
room frame house, on lot 36x90 feet, on Green
field avenue in the Greenfield avenue plan,
Twenty-t third ward, to Edward S. Magu for
50, 800 ca sh