Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-06
ALONG THE PENNSY.
Pittsburg Pushing Out in the Direc-
tiOn of Braddock.
ACREAGE COMING INTO MARKET.
Trained Builders Meeting the Wants of the
Housekeeping Public.
FEATURES OF MONEY AND SPECULATION

! The present war is likely to witness ar
active movement in real estate along the
| line of the Pennsylvania Railroad, between
the eastern boundary of the city and Brad
dock. There is great deal of vacant
| ground well adapted to building purposes
in this territory, and it is comparatively
cheap. The East End is spreading out SC
rapidly that it is only question of little
time until there will be an unbroken line OF
buildings from the city line to the big bor-
ough. This is the prospect that delights
the hearts of land owners at the opening OF
the year. 1t is fortunate that facilities are
equal to the largest possible development.
Owners of acreage are already putting them
selves in position to meet the demand
which is reasonably certain to arise little
later IL the season.
Ready-Made Houses.
People in position to know the require
ments of the home-seeking public say that
from the high character of the many dwell
ings which will be ready for occupancy
early in the spring, it would be folly for
them to waste time putting up buildings for
themselves. Professional builders have
had such large experience in this line in the
last few years that they thoroughly under
stand the wants of the masses, and are able
to meet all the requirements of a perfect
home. 1t is undoubtedly true that
the character of the' houses un-
der way in Pittsburg, as well
as of many lately finished, is higher than
ever before They leave little to be de-
sired liz either architectural design or con-
venience. There are many advantages in
buying finished house The purchaser
can occupy it at once, saving frequently
years rent and interest on the investment.
That these considerations have weight is
shown by the fact that many who had con-
templated building have changed their
minds and are now looking around for
houses approaching completion, with a
view to having such alterations and addi-
tions made as will suit their peculiar views.
OF course, this does not hamper develop
ments in the building line. Whether
bought in finished state or erected to or
der, the same number of houses will be
required to meet the demand.
Public Lands in the Market.
According to the latest reports, the
amount of public land remaining subject to
disposition in all the States and Territories
where there are public lands is no less than
Goa, ,027, ,773 acres) has not been surveyed.
This is exclusive of the Cherokee Strip,
containing S,O44, GA acres, and all other
lands owned or claimed by the Indians In
the Indian Territory west of the ninety
sixth degree of longitude, and is exclusive
also of Alaska, which contains, 1863, 900
acres. These lands lie chiefly in the remoter
sections of the West and on the Pacific
coast.
The Bond Market.
The bond market for the past few weeks
has been one of the most interesting features
of the financial situation. An augmented
demand has been shown for every class of
bonds, and higher quotations have been the
rule for a large variety OF issues. 1t is
stated that foreign investment corporations
have been sellers of large blocks of choice
bonds, but with the heavy local demand
from corporations and private investors lit
tie or no impression has been produced.
Business News and Gossip.
1t is said work will begin early in the
spring on two school houses in the Tenth
ward, Allegheny.
John Schmitt has sold to Joseph Rahe IS
acres in Scott township for Sc, $50
Friends of Reading say that the interest
due February l, on the preference bonds,
will be paid in cash.
The Pennsylvania Company, according to
President Roberts, has authorized the dis
bursement of 81 250O O00 for necessary i'm
provements and new equipment on the lines
west of Pittsburg.
Two building permits were issued yester-
day, aggregating ST. $50 The list will begin
to lengthen in a few weeks
1t is doubtful if Citizens Traction stock
can be bought below 81. The advance seems
to have come TO stay.
At the last call yesterday Birmingham
Traction was offered down to 1875. For Du-
queSne liz was bid at the second call,
offered at Is.
Insurance companies are declaring their
regular dividends. The year was not SO
hard on them after all.
1t is expected that at the meeting of the
Pleasant Valley Company to-day the usual
dividend will be declared.
The Allegheny Bridge Company announces
a dividend of s. share, semi-annual, and
the Tuna Oil Company one of per cent.
According to the report of Secretary John
@ % The 81 fhe
vslued at $l5G,000. The surplus amounts to
$E,250 10.
Movements in Realty.
1t was reported yesterday that deal in
Mt. Washington acreage had been closed at
a figure close to $4,000. Particulars were un-
attainable.
Black & Baird sold to Abraham Garrison
the property No.605 Grant street, being a two
story brick business house, with lot 2Ox5O
feet, for $ll COO spot cash.
W. A. Heron & Sons sold a house of six
rou,ns and attic on McCandlcss avenue,
Eighteenth ward, with lot 20-foot front, for
s., 900 on easy payments.
Charles Somers sold FOR J. P. Saunders a
tract of about $50 acres OF land, situated in
Writ county, West Virginia, near the Kan
awha river, for a price approXimating 81 200
Allies Bros. & Co. sold for George Harner
to William Hannas two-story frame house
of five rooms, with lot 25xl50 feet, Holt
street, Twenty-seventh ward, for 81, GOO cash:
also placed a mortgage of 5000 on property
situated on Window street for three years
at per cent.
The Burrell Improvement Company report
the following sales of lots at kensington:
Steven Sultzman, 80 feet north side lot 81. |
and Is feet south side g. block L. 1897 so: |
Gabriel Orturi, lot I02, block .; $4Ss IS; Antoni
Sisca, lot s5 block 4, 1856.