Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-21
CITY REAL ESTATE.
Excellent Reasons for the Strong Po-
sition of the Market.
IMPORTANT SALES AND LEASES
A Number of Building Schemes Involving
Several Fine Dwellings.
BIG FIGHT OVER WESTERN TITLES

81, ,0Oo
1t was reported yesterday that another
residence property on the same avenue had
changed hands at about s25,OO0, but inside
facts could not be obtained.
More Building Prospects.
William E. Kuhn, Manager of the Ameri-
can Water Works Company. has bought 125
feet on the north side of Wallingford street.
near Neville, at price close to S11, ,OO0,
upon which he will erect fine stone and
brick residence in the spring. DR. Heber,
the Penn avenue druggist, will soon begin
the erection of handsome residence on
Rebecca street, near Penn. R. j. Sproul
will in short time break ground tor two
houses on Harriet street.
W. B. Wallis is putting up residence
on Kelly street, Brushton. Two or three
houses are under way in the same locality.
Several fine residences will soon be under
way on Atlantic avenue
business Stands Released.
The Pittsburg Brass Company has re-
leased, through the Black & Baird agency,
for one year, at close to $4,000, the building
nov occupied by it, corner Sandusky and
Robinson streets, Allegheny, better known
as the Eagle Cotton Mill. The company is
erecting large plant on Locust street, but
i will not be completed before January l,
1893. The same firm has released to the
Singer Manufacturing Company for three
years, its present quarters, No. 10 Sixth
street.
Baxter, Thompson s. Co. had several ap-
plications for business stands yesterday,
which they were unable to meet
Why Realty Is Strong.
While giving from day to day tangible
proof of activity in Pittsburg real estate, it
is important to keep in view the under
lying reasons for the strong position of the
market. The possibilities of downtown
property, owing to the business growth of
the city, are SO apparent that owners, as
rule, do not care to sell, and when they are
persuaded to part with their holdings it is
at figures almost invariably in advance of
former transactions. There have been al
most a score OF transfers below Grant street
within the last few weeks, but the demand
remains unsatisfed. Almost every agency
in the city has orders for business property.
Values cannot weaken under such condi-
tion.
There is equally good reason for the activ-
ity and strength displayed in the outskirts.
These are being populated with amazing
rapidi.v, as shown by statistics of street
railway travel Entire districts which
few years ago were open fields are now
thickly built up. There has never been
time in the history of Pittsburg when the
inquiry for suburban property was greater
than at present. With this backing, those
who argue that values will react appear to
have no ground to stand on. 1t follows
from this that buyers, having nothing to
gain by delay, should bring their deals to
conclusion as soon as possible.
Fight Over Titles.
Two hundred or more residence property
owners in Marshalltown, Ia, are in any
thing but tranquil state of mind. The
fact is just disclosed that there is cloud on
the title of their real estate. It is claimed
bv Mrs Giddings, whose title dates back
80 years. 1t is ''squatter" title. Recent
" some of the lots were sold, and, an ab-
stract being required, the defect in title
was discovered and a request at once for
warded to Mrs. Giddings for quit-claim
deed to the property in controversy. She
responded by demanding $40 per lot for the
number of the holders paid this, but
large majority refused and propose to fight
the claim, declaring it steal, as the Gid
dings' never had o cent invested in the
land She threatens to bring suit to re-
cover the entire tract unless her demands
are e'complied with.
Business News and Gossip.
Building projects are multiplying with
great rapidity. This promises to be great
year in that line.
Bert Neville has sold to W. B. Rath 12axl20
feet with improvements, on Cochran st rect,
Sewickley, for $1,000
A prominent stock broker says: "The
bulls are OF She opinion that while money
on call continues so plentiful there is no pos
sibility ofsny serious set back to the market
not likely 70 be dislodged BY decline of
point OF two"
Teacher-What lie was it Ananias was
struck Gead for telling?
Dick Hicks-Saying that the lots on his
plot were only two minutes walk from the
ssation.-Reat Estate Journal.
Two building permits were issued yester-
day, one to Mrs. j. Ross for a brick five
story warehouse on Seventh avenue, Fourth
ward, to cost $12, ,000 The other was for
frame stable valued at $500.
AT the last stock call yesterday DuQuesne
bonds were offered at 931s.
Newly-elec.ed Directors Of the Independ-
ent Natural Gas Company, Sewickley, are:
Miiier, william sipe Joseph Hfte, John II Nc. H
Miilen, e. II. Anderson, A. D. Millinger, L.
A. Chamberlain.
The Manufacturers and Merchants In
surance Company announces q dividend Of
Pittsburg ana Western Railroad earnings
second week January decreased $5,Ol1.
The Pullman Company has declared the
usual quarterly dividend of g per share.
There was no exciting war talk yesterday,
and New Y ork recovered most of the loss Of
the day before.
Movements in Realty.
A. z. Byers & Co. sold for Captain Charles
s. Frisbee to w. j. McKee, Esq, prominent
oil producer OF Butler, the property No. IS
Taylor avenue, Second, ward, Allegheny,
being q three-story pressed brick 'front.' con-
tanning ten rooms, with all modern conven-
fences, lot 40x90 feet. running through to
Dawson street, for SIC, 500.
Baxter Thompson & Co. sold lot 173, Bank
of Commerce addition, Plan Brushton Sta
tion, fronting 80 feet on Keely street, and ex-
tending back to 20 foot alley, 137 feet, for
$780, The purchaser will build at once
Black & Baird sold to Mrs. Mary Meyers
lot ~ in the Fairmont place plan, fronting
q feet on Kincaid street by depth of loo
1eet, for 500 cash.
Robert Collins & Co. sold for George r.
Hess to Thomas Lucas two lots each 33xl32 |
feet, on South street, Second Ward, Wilkins. |
burg, for 81 600 cash.
NJ. +. Nipple & Co. sold to Fredrick Ru-
brecht for a price approximatinG s4,5o0 a |
on the east side of Downing street, in the |
Dickson plan of lots, Thirteenth ward; sold |
for Nipple & Watt.
w. t. Hamnett Co., of Williamsburg.
sold O mortgage of $l,250 on Williamsburg
property, three years at per cent.
THE MONETARY SITUATION.