Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-06
TRADE OF THE WEEK..
No Unfavorable Influences Developed
to Encourage Crackers,
A REACTION IN. SPECULATION.
Interesting Events in Realty Showing the
Market Is in Good Shape.
OFFICE AND STREET NEWS AND GOSSIP

| summer place at Arnold station, on the Al
| legheny Valley Railroad, to the Burrell
Improvement Company at a price close to
So, 900 cash. 1t consists OF between 80 and
40 acres of land and several good buildings.
Business of the Week.
Bad weather during the week was detri.
mental to general trade, but transactions
were large in the aggregate, exceeding those
for the same time last year. The CONNER
cial demand for money was more urgent,
showing that merchants are extending their
lines Speculation fell off somewhat and
values reacted, but there we're no bad
breaks. The decline was merely a protest
against the almost unprecedented bulge
of the previous few weeks. There
are not enough spectators in
Pittsburg to maintain rapid gait for any
great length of time: This week is more
likely to witness al advance than further
break. There was good inquiry for realty,
and large number of sales were consum
mated. but none of special Importance.
Iron was the only weak, spot in the situa-
market was fully discussed in this paper
yesterday.
90. An East End Deal.
One of the most important transactions in
realty during the week was the sale. by Lig-
gett Bros. for Thomas Liggett Of 16x147H
feet on Walnut street, East End, with two
business man, was looking around for an
investment, and thought this good opp or
tunity to place his money to advantage.
Looking for a Site.
A committee of ladies having in charge
s,,fA e%e nT -
have been devoting considerable time the
past week or two to the selection of site
for new and more commodious quarters.
After viewing several Allegheny city prop
critics, among them one on California
avenue, without finding just what they
wanted, they made a tour of the East End,
and were so favorably impressed with that
quarter of the CITY that it is almost certain
the institution will be located there 1t is
understood the ladies have been promised,
in the event of securing the right kind of
site, all the financial backing. they may
need for the building and other necessary
improvements.
Improvement of Irwin Avenue.
Owners of property fronting on Irwin
avenue, Squirrel Hill, at meeting yester-
day decided to let a contract at once tor the
grading and paving of that avenue from
Forbes street to Whiteman.. One of the
owners. Mr.. William Bigge, has had plans
April l the erection of three high-class
dwellings. They will be of the Colonial
style of architecture.
Another Large Warehouse.
Two more of the Cherry alley mysteries
have changed ownership. Black & Baird
sold during the week 145 Cherry alley and
TO bo ~
and Printing Telegraph Company for
s11,750 cash. The purchasers will about
April 1 begin demolishing the existing
buildings preparatory to the erection Of
large warehouse. Tenants have been noti-
fed to move out.
A Sale Falls Through.
The Armstrong property. consisting of
nine acres located at the northeast corner of
Shady lane and Forbes street, was sold
short time ago to New York man for 49,, 500,
but on account of ore of the heirs not be-
ing in position to give title the sale was
yesterday declared off A part of this
estate was sold few months ago to prom
inent Pittsburg official
Funding the Debt.
Now that the consolidation of the Edison
General and the Thomson H ouston compan-
les is an accomplished fact, the manageme ent
is considering plans for taking care of big
funding debt which is assumed by the new
corporation. One scheme is said to be the
issue of $40, 900, 600 of new stock, the same
to be accompanied with a bonus of the
securities held BY the Edison and Thomson
Houston companies. Another plan, and
one that seems to meet with the most favor,
is to fund the debt with an issue of new
per cent bonds.
Business News and Gossip.
'Bac weather is holding back the spring
trade and saving the fruit crop.
Citizens of Etna will, on April u, vote on
the proposition to increase the borough
debt So, 900 to establish an electric light
plant.
A bill has been introduced in the Ohio
Senate providing for the sale OF the Cincin- |
natl Southern Railroad. The road is owned
by the city of Cincinnati bonds for SIS COO, 600
having been issued by the city for the con-
Baxter, Thompson & Co. say that, notwith- |
bad weather, renters were out in |
full force last week. The pressure for small |
houses is as great as it was last year.
Dividends paid by the mining companies |
during February amounted to 81, Sos 920. |
paid since January l amount to
s. l6S, ,S70
Northern Pacific earnings for the month |
OF over $ss,OOO.
of the Exchange will be held
to vote for or against the sale of the build
ing. A circular has been issued urging a
full attendance.
Henry NJ Long yesterday sold $4,000
Pleasant Valley lateral road bonds at |
price approximating par.
A tin and steel plate company has been |
formed at New Castle, Pa, OF which George
Greer is President. The capital is Sl5OOOO.
1t ie stated that Mr.. Westinghouse has Sc.
cured enough proxies to give him control
of the Switch and Signal Company meeting |
next Tuesday.
house and lot, COX l20, on Allequippa street,
Braddock, for IS Co.,
Thirty permits were issued last week for
'6 Improvements. aagregat ting $35, 1856.
IS sold at $685. and 800 shares preferred
tock at 90
Movements,in in Realty.
Baxter. Thompson & Co. sold for Mr. A. W.
Mellon a residence property on Meridian
treet, Thirty-fifth ward, lot 75xl4O feet to 90
oot alley. for Sc. 500.
John X. Ewing & Co. sold for the Ray
leirs to DR.. C. B. Bratt. the well-known
Arch street dentist, a three-story brick
louse Of eight rooms, jail. bath and attic.
OF 2ox75, being the property No. ss Arch
treet, corner of North Diamond street,
second ward, Allegheny, for $ll, ,00O cash.
Reed B. Coyle & Co. sold property on the
orner OF Lytle and Tecumsen streets, Hazel
vood consisting OF a double frame dwelling
# four rooms each, with lot 60xl00 feet, for
500. %,
J.. CLOSER & Co. sold an acre of property
N Boggs avenue ior s., loo, and two lots,
1 xlO0 ieet each, for $500 each.
Peter Shields sold two lots, Nos. 2l3 and
IA, each 30K9O feet, located on Nantasket
t.eet in the Greenfield avenue plan,
rwenty-third ward, Tor $500. t.
w. E. Hamnett & Co. sold a lot on East End
venue. WilkinSburH 52X lS0 for 81 ON !