Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-30
CITY REAL ESTATE.
An Eight-Story Building to Go Up
on a Cherry Alley Mystery.
GROWTH OF NINETEENTH WARD.
A Ten-icre Tract Sprinkled With Comfort.
able Homes in Two Years.
FEATURES OF MONEY AND SPECULATION

about two wears ago to the Pennsylvania
Railroad and numerous other corporations
| and individuals, according to reports at the
time, was resold Yesterday by the same
firm to Mr.. L. H. Smith, the Liberty street
merchant, who will in the spring begin the
erection of an eight-stnry warehouse on the
! lot, plans for which are being prepared.
This shows that the original scheme of the
mystery workers miscarried. 1t is now
known that the Pennsylvania Railroad was
never Sin it," nor was the much-talked-of
/ Mr.. Clark.
Nineteenth Ward Development.
A gentleman who made tour of the
Nineteenth ward yesterday returned with
more exalted ideas Of that locality than he
had entertained before. He said: ''The en-
tire ward is being developed with astonish-
ing rapidity, but of course growth is more
pronounced in some localities than others. l
was especially Impressed with the building
activity along Euclid, Beatty, st. Clair and
Mellon avenues and streets, where 1 counted
30 new houses finished or nearing compile
tion. They are generally of the kind that
the city needs-good comfortable homes,
ranging in price from $1,000 to $1,000. As
showing that these buildings filled want
in that locality, every house is occupied"
The Work OF Ono Man.
About two years ago Mr.. ]. c. Dick pur-
chased the Brown tract of about ten acres,
on Shetland avenue, near Silver Lake, for
which he paid about 100000. Since then
he has been engaged in improving this
property with medium class houses, until
now he has between % and 80 either finished
Or under way. All the finished ones are
occupied. Buildings first put up are frame,
but those of latter date are brick, showing
that the people are demanding better class
Of dwellings. Mr.. Dick is also putting up
a number of buildings in other quarters o.
the East End.
Iron Mill Consolidation.
Preliminary steps have been taken st
Wheeling for the consol;d ;dation of the Bel
mont, Benwood and Top mills. Annual
meetings of these concerns were held on
Wednesday, and each Of them passed res
olutiou to join the combination. On April
1 measures will be taken to carry out the
result OF the vote, unless in the meantime
stockholders raise objections, which is not
likely. Several ends are to be furthered
by such a consolidation, one of which is
that instead of each mill operating nail
department not very regularly, one nail
mill could be kept going full constantly to
advantage, while the other plants might be
kept at their other lines of manufacture.
Old Time Freight Rates.
In 1884 it cost S349 to carry ton from
Philadelphia to Erie by pack horses, no
wagon road having been built. In 1879 it
cost S. hundred, and it took month to
carry merchandise from Hagerstown, Nd,
over the Allegheny Mountains to Browns
vile, Pa; and in 1898 it cost SIS ton to
carry bars of iron from Center county to
Pittsburg. As late as 1917 it cost S140 to
move ton of freight from Philadelphia to
Pittsburg. In 1884 it took eight days for
freight at dollar hundred to go from
Philadelphia to Pittsburg. and three days
and 10 hours for passengers at SIS apiece.
1t was not until 1858 that the Pennsylvania
Railroad completed its all-rail route be-
tween the two cities.
Business News and Gossip.
Plans are under consideration for a new
business structure on Fourth avenue, not
far from Grant street.
1t is said the Christ Church lot on Seventh
street will be disposed of within the next
two weeks. Two or three good bids have
been received by the trustees.
Western roads have been trying to ad-
vance cattle rates from Montana points, but
so far have been unable to agree.
Nearly all of the local corporations which
good statements OF business and prospects.
William B. Hayden has sold to K. e. Hill
business property on Fifth avenue, McKees-
port, for 81, 800.
The Monongahela Water Company an
nounces stock dividend. There were 1,0lO
shares OF stock at par distributed among
the stockholders in proportion to their hold
ings.
Annual meetings of the Allegheny Light
Company and the Hidalgo Mining Company
will be Eeld February9
hoS end
into the position of a leader in the local
stock market. Dividend payers never oc-
cupy back seats.
For Pittsburg junction 6's lis was bid, III
asked.
Yesterday was one of the worst days OF
the year for real estate brokers. They coula
not get buyers out to look at property.
Movements in Realty.
A business property on Federal street,
Allegheny, above North avenue, changed
ownership yesterday. The consideration
named was $4,000 The exact location could
not be aScertained.
James w. Drape 6 Co, sold house and
lGs near Buena Vista street, ALLEGHENY
eight rooms, ETC.. for "a. 400: also house and
lot contiguous to Jackson street. Allegheny.
ssven rooms and lot 20xlC0 feet, tor S. 600; |
also large lot near Brushton, Pennsylvania
Railroad, about l5oxl6O feet, for $500 cash;
also q collateral interest il three properties
in the city and suburbs OF s. 600.
Black 6 Baird sold to Michael Sheehy for !
Edward House lot 90 in J. Walter Hays plan |
of Valley View place, for S40O. !
The Burrell Improvement Company re- |
port the following sale of lots at kensing- |
ton: john kovatsky, lot III, block ., $3.50; |
stephen Tomasome, lot 100, block s. S325; /
Joseph Christoforo, lot 5, block 8, $3.50; Mrs. /
Louise Schaus, lot y, block l. $500.
John F. Sweeny, formerly Burtt & Sweeny, |
sold for J. Walter Hay a lot on Clarrissa |
street, Thirteenth ward, to James Nesbit, of |
who will build. This lot is 25x /
100 to an alley price being $500.
S. 4. Dickie & Co. sold tor Ii. Faust to J.
M. Gartside, a lot on Marchand street. near
Denniston avenue, 24xl3I feet, at 81, ,5OO Mr.
is already erecting a fine frame
dwelling on the above.
George Schmidt sold lot on Lookout ave-
nue., being lot No. LAT in his Eureka Place
plan, Oakland, to George NJ. Schmidt,
for $780,
W. L. Hamnett Co., of Williamsburg, sold |
a lot 50xil0, on Ross street, Williamsburg, for
81 800.