Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-18
EAST END DICKERS.
A Nineteen-Acre Tract Picked Up by
Two Iron Manufacturers.
MONEY DUMPED ON SQUIRREL HILL.
Rapid Transit as Factor in Upholding the
Real Estate Market.
HOW A WOMAN MANAGED TO BUY A HOME

1t was stated in this column a short tim
ago that an important deal in East En-
acreage was pending. 1t was subsequently
closed, but for business reasons no report Q
1t was made at the time. 1t now reache
the public through an outside channel
The sale was made by Reed B. Coyle & Co.
and is that of the Edward House tract il
the Squirrel Hill district, 10 acres ant
several old frame buildings, bounded on tn
north by Beacon street, on the south b.
Douglas, on the east by Shady lane, and ol
the west by Murray avenue. The pur
chasers, who desire their names withheld
for the present, are two prominent irol
manufacturers. The consideration was $50,
OOO ,..
| This transaction and several others of al
most equal magnitude in the same locality
all to be improved by the new owners, WHIT
have abundant capital, emphasize the state
ment heretofore made in this column that
with rapid transit and water, both of which
are said to be assured the present year, il
will be but short time until Squirrel Hill
will be able to boast of large number o.
the finest rural houses in Allegheny county
But this will not be at the expense of any
other quarter. Conditions are such that al
the surrounding districts must keep up with
the procession.
Rapid Transit and Material Progress.
The heavy selling and strength of street
railway shares during the last week or two
show that investors have confidence in their
future, which is based almost entirely upon
the continued material progress of the city.
Nothing has done SO much to stimulate
activity in Pittsburg real estate as improved
transportation, the development of which is
watched with great interest by owners, in
vestors and brokers. 1t has revolutionized
the East End by opening up new territory
and facilitating its settlement A very few
years ago, as almost anybody will remem-
Der, Improvements between the city proper
and East Liberty were few and scatter
ing. Open spaces were the rule. Now
there is a compact mass Of houses the entire
distance, and ground has augmented in value
almost hundred fold. The same results
have followed wherever rapid transit has
been introduced.
If the transportation enterprises planned
on the Southside materialize, rs they no
doubt will, for they are in good hands, that
section, long neglected, will enjoy degree
of activity scarcely less marked than that
experienced in the East End. This terri
tory is of vast extent, is within few min-
utes' ride of the Court House, is dry and
healthy, with reasonable values, and offers
opportunities for unlimited Development
material as well as artistic These remarks
are equally applicable to the district down
the Ft. Wayne Railroad, along the line of
California avenue, and also to that of which
Perrysvile avenue is the main artery. The
keen observer who desires safe returns in
real estate cannot fail to detect the ad-
vantages which these localities offer to early
investors.
Followed Good Advice.
Three years ago a lady-the wife of .
well-known printer-called at the office of
Fourth avenue real estate firm and asked .
salesman if he could sell her house on
easy terms, saying she had not saved enough
to buy for cash. He, advised the purchase
of small house and good lot in his hands,
at s., 900, which she purchased, though it
was not quite what she desired. The fam
lily lived there until short time ago, when
the same agent sold the property for So, 100,
giving the first purchaser 81, 500, which she
had paid during this time, in cash. She
can now make big payment on place lit
tie more to her taste, and in year or two be
able to make deal which will put her in
possession of an unencumbered home.
Bids Below the Mark.
The auction sale of the Marshall Kennedy
mill, on Fifteenth street, by j. B. Larkin
& Co., was declared adjourned yesterday
on bid by Henry Mackin of something
over S49, ,000 There was quite a competition
between home and foreign bidders until
$49, 900 was reached, when it was withdrawn
until further notice. Henry Mackin put
$3.50 more to it, but it was not considered.
Akron, o., capitalists offered to make it
$4,000, with the machinery, but Mr..
Wei1el, of the firm, had private offer on
better terms, and ordered the property
withdrawn.
Business News and Gossip.
There is a good demand for lots on Green
field avenue. Rapid transit will soon bring
this thoroughfare still more prominently to
the front
W. C. Lyme, General Manager of the Na-
tional Life Insurance Company, left the city
last night for Iowa on business.
Homewood and the region thereabout are
growing SO fast that business demands
better railroad facilities. 1t Is understood
that the Pennsylvania Railroad is dickering
for the De Puy property to enable it to meet
this requirement by building a freight house
and laying a side track
At a public sale in New York on TUESDAY,
under decree of partition for the Ridabock
estate 80 feet on Broadway and 9S feet on
Howard street, containing old buildings,
sold for $2!0 900.
The Illinois Steel Company has increased
its capital from $25 0OO, 600 to S5O.O0O 600. Net
profits for the past year, s., OBS. TT IS.
At the last call yesterday ITO was bid for
United States Glass preferred. The common
was offered at 10
Among sales off Change yesterday was
that of 81, 600 Allegheny County Light bonds
by Andrew Carter at 103, and of 81 shares
National Bank by John D. Bailey
1t S63l. According to report % was the price |
paid Ior the Mckee block of Central Trac-
lion stock.
Six permits were issued yesterday for the
erection of the same number of buildings, |
Ind additions aggregating S7,450. The |
argest was s, 600.
Movements in Realty.
John K. Ewing & Co. sold tor Chester T.
Ioag to r. d. Jones a new two-srory frame |
iouse of five rooms, hall and attic, with lot |
6xloO, on the corner of Virginia and East |
End avenues, Tenth ward, Allegheny, for
2, ,2O0
Reed B. Coyle & Co., corner Fourth ayenue
md Grant street, report the sale of five
more lots in their Glen Mawr Park plan, r.
ct. W. 4 C. Ry., being Nos. 124 to l2S inclu,
i've, for $500 cash.
Black & Baird sold to Frank J. Gramm
OTIS ~ and IS in the seeley plan, Nineteenth
vard fronting so feet on the Butler street
extension and extending back ITO feet. for
$50 cash; sold for James H. Lindsay
w. E. Hamnett & Co. sold q lot on Holland
treet, Williamsburg, for 81 500 cash.
The Burrell Improvement COMPANY re-
,ort the following sale OF lots at Kemsington:
Ohm Bechtold. Allegheny, lot 6, block 3. for
$50; John Doni1um Steubenville, O.. HO
lock ., for s375; Mrs. Mary MCKINLEY, Cren-
haw, Pa, lot IS, block Z, for S4sS rs.