Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-22
TRADE OF THE WEEK.
The Situation Shows Little Departure
From Former Conditions.
LATEST EVENTS IN REAL ESTATE.
A Number of Good-Sized Deals Consum-
mated, Some in New Quarters.
THE DRIFT OF MONEY AND SPECULATION

country through, it was unsatisfactory, be-
ing depressed by storms and floods The
best feature was the statement that the iron
trade was on the mend. Judging from
Clearing House statistics, the volume of
current trade is larger than is generally
supposed. The situation is sound and con-
servative.
A Deal in Acres.
The only acreage deal during the week, so
far as reported, was closed yesterday on
Lincoln avenue, short distance east OF
Lexington. A transaction of this kind is
so rare in this locality that it attracted con-
siderable attention, and its possible bearing
on the future was discussed at some length.
1t was accepted as additional proof of con-
fdence on the part of investors that the
prosperity and material progress of the city
are on too solid basis to be materially
interrupted. The land in question is known
as the Kable tract, containing 20 acres.
the consideration was $4,000, certainly not
fancy price for such a locality, and the
purchaser Mr.. W., c. Lyme. c. II. Love
was mentioned as the agent in the sale, but
he had nothing to add additional to the
above.
Movements on Bcquet Street.
James C. Dick purchased during the week
a piece of ground fronting $50 feet on
Boquet street, so on Frazier and $50 on
Wilmot, for S25, 5,000.. This is the third i'm
portant deal on Boquet street within week
or 10 days, showing that it stands well in
the estimation of home-seekers.
Bought by MIR. Booth.
The sale in the Oakland district by j. H.
Coleman & Co., referred to in this column
short time ago, was that of 1S0 feet of
ground on Boeuet street, corner of Wilmot,
the purchaser being James Booth, OF Booth
q Finn. The consideration was 1000.
The purchaser expects to erect several good
houses on the lot during the summer In
this connection it seems proper to state
that Senator Finn, Mr.. Booths partner,
has, according to report, made an invest
ment in the Highland Park district amount
ing to nearly 100000.
Forbes Street Value Elevated.
Colonel E. j. Allen yesterday closed the
sale of residential property on Chestnut
street, near Forbes for Sc, 500 The lot is
27x47, upon which there is a substantial
pressed brick dwelling. In the same locality
Peter Shields sold 60 feet on Forbes street
by AZ in depth, for Sc, 600, or 500 a foot
front-the best price so far realized on the
street indicated It is worthy OF note that
nearly all sales of Importance show that
values have an upward inclination. Buyers
have faith in the future of the city. They
know what it has been and is, and see good
reason for expecting better things to come
Progress at B'air.
Blair is keeping pace with other enter
prising colonies and dependencies of Pitts
burg. The O'Leary Glass Company broke
ground there during the week for their new
plant, and have had three car loads of struc-
tural iron delivered. The new hotel is
finished and full of people. The T. Camp
bell Company have expended $4,000 on
their glass plant, and it will require $4,000
more to complete it. Natural gas prospects
are excellent.
fought for Church.
1t transpired Yesterday that the Evangel-
ical Lutheran church people were the pur-
chasers of the piece OF property on Colwell
and Price streets, Eighth ward. The old
buildings are being torn down preparatory
to the erection of handsome house of wor-
ship.
Special Features of Trade.
The Sixth U. P. Church people will soon
break ground for their building, corner of
Highland avenue and Station street.
The humber of building permits taken out
last week was SIS, representing 81 improve
ments all estimated to cost $lOl,95S.
,Ja u.
a pressed brick dwelling on Atwood street.
The consideration was 5 0000.
Work on the Granuvlew traction road,
running along Mt. Washington and Du-
quesne Heights, will begin within two
weeks.
Walsh Bros. have commenced the erection
of eight buildings on West Carson street,
Southside: The frames are up.
Some o! PittsburS's idlc money could be
made useful in supplying the wants OF the
flood sufferers.
finishing touches to five houses on Albert
street, Mt. Washington.
The Fourth National Bank announces q
semi-annual dividend of 3 per cent payable
on demand.
John X Ewing & Co. will open the Nc
Naugher plan of lots No. 2, Linden avenue,
Allegheny. with public snle on May 25.
Mansfield will have a national bunk before |
long. PreliminareS have been arranged
Messrs. Speyer & Co., and Kuhn, Loeb &
Co., announce that they will receive sub |
$40, ,GOO, 600 Pittsburg, Cincinnati, Chicago 6
St. Louis Railway Company ~ per cent con-
solidated mortgage gold bonds, being part |
OF an issue limited to SIS OC0, 600: principal !
payable October l. 1910; interest April and |
October !, payable i'll New York; principal |
and interest Internationally guaranteed by |
the PennsS lvania Company by Endorsement |
on each bond. The property covered by |
the mortgage consists of 1,0S2.09 miles OF |
railway equipment an terminals in Chi |
cago, indianapolis and Columbus, as well as
acquired or to be acquired and of the COM
pauy's franchises.
Additional Points In Realty.
Baxter, Thompson & Co. sold residence
property in the Nineteenth ward, on St.
Clair street, near Rural avenue, a two-story
frame house of nine rooms, with lot 30xlO0
feet, for s. $50 cash.
j. H. Coleman & Co. sold for Henry Wot-
ten, n frame house on Larimer avenue, with
lot 24xlO2, for S. 900.
The Burrell Improvement Company re-
port the following sale of lots at Kensing-
ton: Jacob Wagner, Pittsburg, lots 03 and
81 block g. for 81, $50; David d. DeMott, |
Brookville, Pa, lots 65 and C6. block 8, tor
sl,eOO: william Stevenson, Braddock, Pa,
east half lot 25 block l2, for $216 2j; Joseph |
P. Huber, Venninston, Pa. lot g., block 5. |
for ss92 so.
5S in their plan. Eleventh ward, Allegheny |
City, fronting 4S feet on California avenue |
and extending through 100 feet to Massa- |
chusetts avenue, for s., 100.
erty No 80 Inwood street. being a two-story |
frame house. with lot 80 feet front, for 1000
Black & Baird sold throughVan Gorder Il |
Lloyd lots Nos. q, r. 81 and So in Finley |
Torrens plan, of Torrens place, running |
from Hamilton avenue to Kelly street. with |
a seven roomed brick dwelling, for $3 500. |
The purchaser was Orton Work. Over two |
thirds of the lots on this plan have been sold
within two months.
w. A. Pincoln fold for Bell & Cald.
well, the new stone residence corner Howe
and O'Hara street, to prominent South
side business man.
John X. Ewing & Co. sold for D. B. Craft to
John X. Ewing new brick house of five
rooms, with lot 25xlO6, on Patton street VIII
merding. for S., 400.
A. NJ. Tressel 4 Co. sold to the Fort Pitt
r Of