Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-23
TRADE OF THE CITY.
Real Estate COntrasted With Its Con.
dition a Year Ago.
SOME BIG CONTRACTS AWARDED.
Last Act in the Hardscrsbbls Deal BY the
Pennsylvania Railroad.

Last Act in the Hardscrabbls Deal BY tn
Pennsylvania Railroad.
FEATURES OF MONEY AND SPECULATION
It may be Q source, Of encouragement tt
some to compare the real estate outlook to
day with the prospects of a year ago. Then
the financial situation was critical and con
| fdence was weak. Many predicted heavy
| decline in values. This caused buyers tc
hold aloof Owners were uncertain as tc
the course the market would take. The
result was period of extreme dullness.
This is not the situation to-day. There is a
plethora of money. Investors are feeling
the heavy weight of idle funds. The bond
market is active and strong. The city has
shown its ability to resist any ordinary
pressure. There is good inquiry for
ing weather and roads Confidence is strong
in the continued prosperity of the city.
Big Contracts Awarded.
Material progress is the life of Pittsburg
and its surroundings, and the establishment
Of new Industries or enlargement of old
ones is a matter Of supreme interest. The
Chambers Glass Company has just let con-
tracts covering upward of s4OO, 900 for work
on their plant at Kensington. Hoover,
Hughes & Co. were awarded 500, 900 for
the fattening and cutting house; Corcoran
& Connell, 5000. 900 for clay and tank house
buildings, and the Dixon-Wood Company
$4,000 for furnaces, E S. McLain & Co.
will furnish 1,5OO, 900 frebrick. The
fattening and cutting house is 750x16O feet
in dimensions. The walls are up and the
roof is being put on by the Keystone Bridge
Company. By the terms of the contracts
all Of these works must be completed by
April 20. This will be the largest estab-
of the kind in the world.
Progress is equally marked in other direc-
tions. The Pittsburg Reduction Company,
manufacturers of aluminium, on the same
ground, will at once increase its capacity by
the erection of rolling mill, the cost of
which will be about 100000. The Bradley
Stove Company will erect an additional
foundry, doubling the capacity of the
works Strawbridge & Beaver will enlarge
their tin plate works by the addition of
''hot" mill for the conversion of blooms
and billets into sheets for timing.
An Old Deal Revived.
The deal between the Pennsylvania Rail-
road and Mrs. Schenley, through her agents,
w. A. Heron & Sons. was reported in the
local columns of THE DISPATCH about
three months ago. The deed has just been
recorded, bringing the transaction up again.
The sale included all of Mrs. Schenley's
holdings in the Hardscrabble district, and
the object of the purchase was to secure
Mo for rdc of no
handle Railroad. The consideration, as
noted at the time, was S163, 200. The prop
efty is valuable for the use to which it will
be put, and for that reason brought good
price. but for any other purpose except
manufacturing, perhaps, it is about the
roughest lot of ground in Pittsburg. One
of the best results of the transaction will
be the moral reformation of the district.
Special Features of Trade.
Judging from the beating of the popular
pulse Williamsburg will vote in favor of
sewering Nine Mile run.
Mr.. c. L. Straub will this spring build i've
modern houses on the corner of Black and
Beech streets, Nineteenth ward.
Black & Baird yesterday rented IS
houses to new tenants In addition quite a
number of leases were renewed. Baxter,
Thompson & Co., reported quite scramble
for small and medium-sized dwellings.
At washington, Pa. so shares of First
National Bank stock belonging to the Har-
rs ranging % from siss to slss Is per share. '
Martha E. Hill has sold to Kate Cunning
ham q house and lot on Kelly street, Wilk-
insbnrg; for s6 SEQ The lot is 4s.lse ls -,
ant Valley branch lines IS at price approx
imating par. This closes ont the present
issue.
At the last call yesterday S., 900 Switch and
n a inp
but there was no bid.
Oil dropped to point yesterday which
all its former.recent efforts in that
direction. Producers and traders are alike
anxious to know how much lower it will go.
Railroad earnings for March are coming in
with good results. Eighty-seven roads for
the past week report $766, IA increase, OF 1L62
per cent.
A well-known business woman has made a
S60, 900 investment in central property, but
she objects to publication of the details.
iay. aggregating s4,lA The greatest value
was 81. 400
Sales Reported by Agents.
Morris & Aisbitt sold for Samuel Mckee to
Prof. D. H. Hainer. of Duquesne College, a
house and lot in Ingram for $500.
Black & Baird sold for Thomas G. Williams
ot No. IA in the Elizabeth Heron plan,
ronting "a feet on Madison avenue, Heron |
Hill, by 100 feet in depth, for 1915. !
Reed B. Coyle & Co. sold for T. D. Chant |
er. Esq, the property No. 2A Coltart square. |
Oakland, being a modern brick dwelling of |
line rooms with lot 35x90 feet, for Sc. 500
w. E. Hamnett & Co. sold a lot on East |
End avenue. Twenty-second ward, for $780,
The Burrell Improvement Company report |
he following sale of lots at Kensington: |
Charles Schultz. Pittsburg, lot SO, block s,
um, lot Y, block 5, for 1895; Mrs. Emma
3latter, Pittsburg, lot "A, block g. for 500;
Mrs. Catharine Maloy, Sharpsburg, lots
,orth half OF and part of Z. 8, 9 and 10, on
own, Pa, lot 81, block s, for $7s7 So
Charles Somers sold for Simon Parrish /
o Mrs. Mary Taylor. lot No. IS in the Fair
Mount plan OF lots, Fairmount avenue,
ward, Pittsburg, fronting Is feet
N Fairmount avenue by about 100 feet in
lepth, for $500.