Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-24
POINTS IN REALTY.
The Market Quiet, bat Full of Strong
Features in all Branches.
OWNERS MAINTAIN A TIGHT GRIP.
Local Stocks, Ineffectively Supported, Show
q sagging Tendency.
SOME SPECIAL FEATURES OF BUSINESS

While there is no special movement il
the market is full of real strength. Own,
ers are firm and buyers cautious. Specula-
tion CUTS a small figure. Purchases are
almost entirely for immediate improvement
or permanent investment
The trade in single lots is as good as could
be expected with rain about every other
day. This must be epted as proof that
home-seekers are interested in small prop
critics. That lots are in good demand and
! selling satisfactorily is further shown by
! the number of new subdivisions coming
into the market The necessity of reinforc-
ing the supply of lots at frequent intervals
reflects healthy movement in this branch
of the market.
Buildings and Values.
In the endeavor to understand the true
condition of real estate, the immense num-
Der of buildings under way should not be
overlooked. Stores, dwellings and flats are
going up in all parts of the city and sur
rounding districts. There is great deal of
significance in this. 1t shows not alone
that purchases of ground are for use. but
also that buyers have confidence in the
future. People do not build with a pros
pect of disaster before them.
AS indicated, owners know full we'll the
value Of their holdings, and as rule, re-
Ject all efforts to secure concessions. The
present state of the market would seem to
warrant slight shading of values, but it is
fact well known to dealers that there is
practically no accommodation in terms be-
tween buyers and sellers. The former must
yield or abandon the quest. This statement
is confirmed by daily experience.
Yesterdays Binding Permits.
Builders were active yesterday. Sixteen
permits were taken out for % improve
ments, all estimated to cost S53 050. Those
of special value are: f. Gensenleiter, two
brick dwellings on Dithridge street, Four
teenth ward, S11 200; George Schmidt, brick
dwelling on Center avenue, Twentieth ward,
$4,000; Miss Mary McElhaney, six brick
dwellings on Forty-third street, Seven
teenth ward, s19, 500; Joseph Fahrner, frame
dwelling on Sedgwick street, Twenty-sev-
enth ward, s1,75O; Sarah Grives, frame
dwelling on Sierra street, Twenty-seventh
ward, s., 200; E. H. Shipley, brick addition
to store on Frankstown avenue. Twenty
first ward, 1900.
Special Features OF Trade.
Yesterday was blue Monday in real estate
circles. Few buyers kept engagements to
examine property.
E. 7. Schaffner has put the final touches to
two deals-Thomas Brewer to Charles OFT,
and Jacob Horn to Louis Gellovits.
The building occupied by the National
Electric Company. on Wood street, wilkins
burg, destroyed by fire Friday night last
will be replaced at once by much better
structure.
Boston investors have purchased so acres
of land two miles north OF Buffalo for 5000
an acre.
tion bonds at par and interest; also Birn-
1ngham Traction bond at 10lA.
The Ohio Button Company has been in
cern of the kind in the State.
Black & Baird have just put in the market
a new plan of IS lots. comprising the oliver
property: Oakland district.
building four houses corner of Terrace and
Burrow streets, Fourteenth ward.
Braddock and Turtle Creek Railway 6s
were sold on Saturday by Andrew Caster ut
par and interest.
On the open board yesterday IS was bid
for 5000 Philadelphia Gas IS. Chautauqua
Lake Ice Company stock was offered at ITO.
Additional Points in Realty.
Rev. Gray has sold his residence property
on Kelly street, Williamsburg, to George
Irwin, of Uniontown, for $3.50. Mr.. Gray
Will DuHu Ill dhoIncr pdrt vi tue tOWn LOCS
on Kelly street, between Pitt and Hay, are
held at about $50 front foot. Below Pitt
street they are cheaper.
A few years ago this part of the borough
was an open common. Now it is we'll |
covered with comfortable homes. The gap |
between the borough and the city will soon |
be closed.
Reed Y. Coyle sold the property Nos. $50 |
and 25l Fifth avenue, being two lots 4lxll2 |
feet to Watson street with buildings, for SIS
600. The purchasers are contemplating i'm |
proveElents of IL flrStclaSs order.
J. c. Reilly sold five lots in the S. L. Boggs |
plan No. 9, Mt. Washington, the purchasers |
being Frank H. Sanderbeck, John Koier aud |
George Burcki. Prices ranged from $3.50 to
$3.50
Black & Baird sold to Herman Idckowski
lot No. in J. Walter Hays plan OF Haywood |
place. Heron Hill, for $515.
j. E. Glass sold for j. G. Dick the property
on the corner of Lytle and Tecumseh
streets, beng an eight-roomed frame house
with lot 60xl00, for "a, $50.
John X. Ewing 4 Co. sold to Mr.. Frederick |
Charles for Mrs. NJ. W. D. Watson lot 5Oxl5O
corner of Grant and Cedar avenues, Watson
East Bellevue, Pittsburg, Fort
Wayne and Chicago Railroad. Considera-
ion, 81, 900.
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