Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-26
POINTS IN REALTY.
Strong Position of the Market En-
couraging to Operators.
SOME OF THE LATEST MOVEMENTS.
Building Statistics and New Corporations
Involving Millions.
FEATURES OF MONEY AND SPECULATION

mand for real estate or so many signliican,
transactions as at the present time. These
show full measure of confidence in the
continued prosperity of the city. What
with no end of plans for downtown I'M
provements, building projects in the sub
urbs, schemes for new subdivisions wher
ever acreage can be secured and large sales,
| the situation is surely encouraging enough
to give comfort to all operators in realty.
The Latest Movements.
A number of transactions came to the
surface yesterday. The Boatman's Insur-
ance Company property on Wood street
changed ownership for S5s,oOO. The pur-
chaser is the new Guarantee Trust Company,
chartered few days ago. The lot is 1917 3x6O,
with three-story brick building. Rumor
had it that the sale was made by Black u
Baird, but it was too late to see them for
verifcation.
Joseph P Reed sold his South Highland
residence-lot 60x14O, witha good two-story
brick house-to Mr. Wolf, OF the Hostetter
Coke Company, for $4,000. The place will
| be occupied by the purchaser.
| Pittsburg agents completed the sale to
! Nicola Bros, for George d. Riddle and
others, of a tract of West Virginia oak and
| poplar timber land. The tract is in Roane
county, near Spencer. contains over 1000
acres and is said to be as fine as any in the
State Land is quoted at about $40 an acre
in that locality.
Paul H. Hacke sold to Edwin Lare a lot,
22x110, on Penn avenue, Fourth ward, be-
tween Third and Fourth streets, upon which
there is a large and substantial brick stable,
for S16, 0O0 The purchaser will convert the
building into a warehouse for his personal
use.
The $50, 900 mortgage put on record last
week, and referred to at the time, was to Sc
cure deferred payments on the lot in the
Baum plan, purchased some time ago by the
trustees of Christ Church as site for the
new building.
The two downtown deals which have been
discussed and written up and down for two
or three months were reported yesterday to
be in good shape, with prospects of being
brought to a head this week.
Building in the West.
Building statistics of New York and
Philadelphia, recently given in this column,
showed that results fell short of expecta-
tions Western cities Jared better. Oper-
ations in st. Louis last year involved nearly
as great an expenditure as in 1890, while
the number of buildings erected was larger.
Permits were issued calling for an outlay of
S13, ,262, no. Milwaukee, in proportion to
size and population, did bettex than st.
Louis, expending more than SIC, ZOO, 900 in
new structures. Next to Chicago, st. Louis
and Milwaukee, of all Western cities, made
growth that should be gratifying to their
citizens and property owners The effects
of the tight money market were felt more
or less all over the country.
Weeks Corporation Record.
The United States Corporation Bureau
reports the list of new, completed corpora
tions in the United States for the week
ending January l6, as follows: Total corpor-
ationS, 398. Total capitalization, $l52 92S, 74l,
distributed as follows:
Mercantile and manufacturing COM
Banks % mot t' nationai) and invest. 'i0'''''"'
ment companies, T.............. 2,195, 900
National banks to january 6, issaj,S 100000
smelling companies, SO. ............ IS, GIG, 900
Coal and iron companies, 4. 673, 100
Light, heat, power and transporta-
tion companies, 1s........... 1857 900
Building and loan associations, A. 81. .565 coo
Irrigation companies, 4..... S525 OO6
miscellaneous companies, 156...... 10, 9S9, $50
Business News and Gossip.
The Duquesne Traction Company is nego-
ttating for ground in Williamsburg for loop
and a car ehed.
W. T. Schirmer has sold to R. j. Stoney a
residence property on Beaver street, sewick-
John W. Mackay, the Bonanza King. testi-
fed under oath recently that the Postal
telegraph Company was making between
$500 0C0 and $400, COO per year clear profit, and
that he owned three-fourths Of the stock.
Black & Baird yesterday leased for a term
of years storeroom in the Telephone Ex-
change Building, Sandusky street, Allie
gheny, to the Riverside Distillery Com
Two building permits were issued vester
day. aggregating $i,25O.
Annual meetings of the Pittsburg and
Lake Erie Railroad Company, the Pittsburg
Plate Glass Company, and the Standard
Underground Cable Company, will be held
to-day.
There was confident talk yesterday of an
early dividend on Standard Underground
Cable
The Government property on Penn avenue
will again be placed under the hammer
about March l. in the Exchange Building.
At the last call yesterday, a01s was bid for
Birmingham Traction.
The Mercantile Trust Company has pur-
chased the building of the Boatman's In
surance Company, at No. Alb Wood street.
Possession to be given April l next, at
which time the Mercantile Trust Company
will open up and will do the regular
business of a trust company, as authorized
by its charter.
Movements in Realty.
Baltensperyer & Williams sold for A. L.
Watkins lots g. 4, g. 6, g. 49, "a and % in his
Stanton avenue plan, Eighteenth ward, for
Sc, 600.
Black Baird sold to John Wagner lot
No. in Robert H. Hays plan of Valley
View place addition. fronting p feet on Re-
becca street by depth of 100 feet to an
alley, for S475.
W. A. Heron & Sons sold two lots, each
241 100 feet, on Madison avenue, near Thirty
third street, Thirteenth ward, fronting the
cable line, for $1,e50. The purchaser will
begin the erection of a dwelling at once.
W. f. Hammett 6 Co., of Williamsburg
placed a mortgage of $4,000. three years, s
per cent, ON Williamsburg residence property.
uarEu rnnr,nurrrr