Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-05
POINTS In BUILDING.
All Hands Anticipate a Good Year
in This Important Line.
STATISTICS FROM THE OUTSIDE.
Signs of a Bullish Year Already apparent
in the Local Stock Market.
OFFICE AND STREET NEWS AND GOSSIP

While there is no hurrah in the real es
tate market, there is well settled confidence
among owners and agents that the year W u
be one of the best in the history OF the
| city. Assured activity in other lines II
sufficient warrant for this belief In regard
to building, indications even thus early are
that it will reach large proportions. Mas
sena Bros, of the East End, say they are
figuring on material for more houses than
at any other time since they have been in
business Several other supply firms seen
yesterday told the same story. Two six
story business houses already determined
upon on Penn avenue, as noted in this col
umn, will be good starter for that thor
oughfare.
Captain Vandergrift's eight-story office
building, for which permit has been taken
out, will be valuable acquisition to the
| lower end of Wood street. The Thaw estate
will put up.a similar structure on Wood
street and Third avenue. On the Southside
two market houses and several business
blocks are under favorable consideration,
while in the East End hotel and opera
house are among the probabilities. These,
improvements that may reasonably be
counted on during the year, but they serve
TO show that the building spirit is wide
spread end aggressive, and that good re-
suits may be expected.
New York and Chicago Building.
Building statistics for the wear are being
received from other cities. In Chicago,
during the ten months ending with October
of 1890, plans were filed for 10, 135 buildings
to cost Sal, $4,000. This, in year of activ-
ity in all lines, was considereda most favor
able showing. In the corresponding period
of last year, in a season of at least compare
tive inactivity, gain over these figures was
registered. During the period from Janu-
arv to October of 1891, application was
made for permits for 10, 440 buildings at an
estimated cost of 81, 306.000
For the same period New York does not
make as good an opening. In that city dur
ing the first ten months of 1890, plans were
filed for 3, 151 new buildings at an estimated
cost of S66, 23S, 00O In the corresponding
period of 1891, a marked decrease was
noted. During this time plans for 2,3S2
buildings, at an estimated cost of S47, 772, 900
were filed. Chicago in 1890 built over three
times as many buildings as New York,
while in 1891 she built nearly four times as
many as her Eastern sister.
Business News and Gossip.
January settlements are progressing with
less than the usual friction. Reinvestments
will soon be in order.
There will be public sale of stocks at the
Exchange this afternoon.
The year 1892 will be noted for its double
holidays. Washlngton's Birthday, Decora-
tion Day, Fourth of July, Labor Day and
Christmas all fall on Monday.
day aggregating $3.50 The most important
was taken out by Christ Nickel for a brick
two story and mansard dwelling on Cedar
street, Sixteenth Ward, to cost 1900.
Nelson Morris of the Distillers and Cattle
Feeders Company, says it is not true that the
company has added s5OO,000 to its surplus
account in the last three years. There has
been some increase in the surplus, but not
sufficient to warrant any increase in the
regular quarterly dividend
W. Ii. Barker has sold to David X. Marsh
a house end lot on Second avenue, Twenty
J. B. Larkin & Co. sustained serious loss by
fire in their real estate office on Fifth
avenue, Sunday night. Many valuable
papers and documents were destroyed.
One of the good signs of the times for
stocks. is the strength and activity of the
railway bond market.
The reports of the New York Coffee E1-
change Tor 1891 show falling off in business,
only 1873 O0) bags having been handled as
against 9733 900 in 1890.
The Enterprise Mining Company stock
has been ordered listed on the local E4-
change. The capital is $500 600, and the
par value of the shares $50. The mine is in
Colorado
The Pittsburg and Allegheny Bridge Com.
pany Hand street) has declared dividend
of 81 per share, payable January II.
Stockholders of the Freehold Bank yester-
House, James p. speer. John Paul, c. L.
Magee, james A. McDevitt, William Finn
and George w. Elkins. Mr.. Elkins takes the
place of II. S. A. Stewart resigned as di-
rector some weeks ago. The surplus was
increased S2j, ,00O
Exchange committees were announced
yesterday: Finance, J. r. Mckee, John Nc
Bride, Bride. j p Pin Lyon; Clearing HOUSE, A A.
w. Chaplin. J. J. Campbell, q. c. Kuhn;
Membership, S. Fritz, John Mcbride, w. F.
Carothers. B. F. Arnsberg
On call Yesterday 1873 was bid for Du-
quesne Traction stock and 80 for Electric
scrip. Birmingham was offered at ls15.
Movements in Realty.
j. f. Glass sold for A. C. Watkins to 1. H
Aaron lots Nos. Al, ~, 43, A, 45 and 46 in the
Allequippa Place plan for So, 400. Mr.. Aaron
is at present building five houses on the ad-
joining lots, and will build on these at once
NJ. +. Nipple & Co. sold for Thomas Ulam
to n. A. Andrews. a new IL room and recept
tion hall Queen Anne brick (stone front)
dwelling, with lot 55xl90 feet, on the South
side of Wallingford street, Twentieth ward,
for $l2 500.
Black & Baird sold to George w. Holmes
lots Nos. SO. 81 and 36 in the Mary H. McCand- |
lass plan, fronting so feet on Conklin street
by depth of about SS 1eet, for Sl610
W. \. Herron 4 Sons sold a house of six +!
rooms and attic on McCandless avenue.
ward, with lot 20 feet front, for |
8, 900 on easy payments.
The Burrell Improvement Company re-
port the following sales at kensington: An |
tonic Sisca lot Sc, block L. 1926 cash; NJ M. |
Male, lot 81, block 3, S3a5 "a James C. Neeley, |
lot 95 block 6. 1895: Mrs. Sarah Felser, lot So |
block >, s4SS 75 August job, lot lO9, block p |
s4Ss IS: Joseph Horodnowicz, Anton Florek, |
raia Golunski, Frank Gamratowski, Frank |
GakSgn and Daniel Zwezinski. trustees lots |
81, 81 So, 81 and IS, block /, 1926.