Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-17
CITY REAL ESTATE.
Three Good Deals in Business and
Residence Properties.
EXCERPT FROM THE BUILDING LAW
The Biggest Whirl of the Year on the
fittsburg Stock Exchange.
OFFICE AND STREET NEWS AND GOSSIP

Three transactions in real estate, involv-
ing 500, 900, came to the surface yesterday.
They give emphasis to the fact-for it is o
fact-that realty is steadily rising in the
estimation of careful investors. One of the
Nicola Brothers, the well-known lumber
men, purchased the Morris property, on
Forbes street, corner of Fralich, for S42,
00a 1t consists of about five acres of
ground, a large and elegant frame dwelling
and several outbuildings. 1t is understood
that Mr.. Nicola, who at present resides on
Lincoln avenue, Allegheny, will occupy
this place as a residence. Henry A. Breed
was the agent in the transaction.
The Fahnestock property. No. 116 Second
avenue, running through 16O feet to First,
with a frontage of 26. IL feet and 25.3 re-
spectively, and having thereon two three
story warehouses, changed ownership at a
figure close to So. 1000. The name of the
purchaser could not be ascertained, but it is
understood he is prominent capitalist.
j. b. Larkin & Co. sold to William
Guckert, the well-known oil producer, for
Mrs. James E. Crow, a two-story brick
house, No. 167 North avenue, Allegheny,
with lot 20x100, for S17, 900, or estimated
by frontage, $3.50 per foot. The building is
10 years old. 1t will be improved with a
handsome stone front and other modern IN
novations
Cost of Building Permits.
"Alpha" writes: "What is the cost of a
permit for the erection of medium-sized
dwelling?" The following is the ordinance
on this subject: "When any person, per-
sons or corporation shall be desirous of
erecting, constructing or altering any build
ing within the city of Pittsburg, he or they
shall make application at the Office of the In
spector of Buildings for permit for that pur-
pose, and shall be required to furnish to
said inspector written statement OF the
proposed location, the dimensions and man
ner of construction of the proposed building,
and the materials to be used; and if the
same appears to be conformable to the laws
and ordinances of the city, he shall give to
said applicant or applicants permit for
the erection of the same, for which he or
they shall pay to said inspector the sum of
SS, if the estimated cost of said building
shall be less than 81, 600; S5, if the same
shall be more than 81, 600 and less than
5000, and for every additional 81, 900 over
$1,000, the sum of 80 cents"
Money and Exports.
The Financial Chronicle states the situation
thus: Returns of the Treasury Depart
ment show that we have recalled from Eu-
rope about S23, 100000 of the 5000, 900 of
gold which was exported in the early por-
tion OF last year. The vast exports of crops
which have been made during the former
months af 1891 have been largely paid for
by the transfer and sale of stocks
in our market, the effect of which was, of
course, to depress prices of stocks at time
when, if they were relieved of this addition,
they would naturally have exhibited ex-
treme buoyancy. Large deposits in the
banks reflect also the operations of foreign
trade. We are a selling community, and
are exporting to many more sections of the
world and in larger quantity than has ever
been witnessed in any previous time In the
history of the country"
Business News and Gossip.
Several bids for the Exchange building
have been made in the last few days
but none of them is quite up to the mark.
A prominent brokerage firm wants 1t, and
may raise its offer to the required pitch.
The figures given yesterday in connection
with the sale by J. B. Larkin & Co., of the
Mrs. Crow property on Perrysville avenue
to Clarence NJ Greene were incorrect. They
should have read S., 900 instead of 81 900.
Smith Bros, printers, having leased from
the Bakewell estate for a number of years
No. 405 Grant street, yesterday commenced
tearing down the building to make room for
a larger and more modern structure. 1t
will be three stories high and will extend
back to the alley, 90 feet.
The American Steel Barge Company has
just voted to expend 81, ,0oO, 900 for additional
for lake use in 1892
Among New York bankers. there is little
fear that the proposed per cent interest
bill can be put through the Legislature If
it is Governor Flower will veto it.
Five permits were issued yesterday for the
erection of six 1buildings,Saggregating 81, ,700
The largest was for -, 900.
The annual meeting of the Pittsburg and
Castle Shannon Railroad Company was held
Directors, John Geib, L. S. McKallip, James
NJ. Bailey, w. II. Brunt. P. f. Schuchman,
James r. Redman, H. Dana Rolfe, Charles
Zugsmith, Jr., H. T. Morris, J. NJ Conroy.
On call yesterday United States Glass Com
pany common was quoted at 704T.
The Braddock and Turtle Creek Street
Company has declared a semi
annual dividend of ~ per cent.
Movements in Realty
Hoffman & Baldridge, Williamsburg, sold
lot on South street, Williamsburg, east of and
near Wood street, 6o1l3s feet for a. 5oO
Black & Baird sold to William Lenz, for
DIR. Venn, property on the east side OF
Eighth street, AS feet north of Penn avenue,
consisting of a three-story brick building on |
lot, 20xs5 feet, for sl5,0 ,0O0 |
John +. Sweeny sold to Fourth avenue |
attorney lot in the Heron Hill plan, being |
.5x1O0 feet to an alley, for $780,
George Schmidt sold for Mrs. Clara Adams |
/ brick house, being No. 27 Lombard street. |
with lot 24Xll0, to Patrick Mlnogue, for So 500 |
cash.
Baltensperger & Williams sold for A. I.
Watkins to Thomas w. Lennon, three lots |
D, 500