Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-20
TRADE OF THE CITY.
DOings on Grant Street ForeshadoW
activity in That Quarter.
BAD OPINION OF GOTHAM'S FLATS.
Practical Way of Demonstrating Confidence
in Pittsburg Realty.
FEATURES OF MONEY AND SPECULATION

! FEATURES OF MUNEG AND SPECUIAIlUN
Pittsburg is full of schemes to interest
capitalists. Real estate, of course, claims
chief attention. No one believes that the
city will take backward step, and so realty
can be counted on with fair assurance as a
safe investment. With a certainty of con-
tinued growth, both urban and suburban,
purchasers of land, whether improved or
not, are reasonably certain of realizing good
profits. The trend of values is upward
not by kangaroo Jumps, but slowly and
surely, which is far better The large
amount of building in progress and under
consideration Is additional evidence of con-
fidenoe in the future. People would not
pile up stone and brick at the cost of mil
lions if they were uncertain of the out
come. The fact is, Pittsburg realty never
occupied a stronger position than at present,
and this is so patent that the most coIserva-
tive business men have no hesitation about
putting their money in it
Grant Street Looking Up.
Signs of promise are multiplying on
Grant street Long the most backward of
the downtown thoroughfares, several re-
cent transactions in realty in this quarter
point to an era of progress. Plans are un-
der way for two buildings which in size and
architectural appearance will equal any i'll
the city. If Mr.. Hostetter shall succeed in
getting what ne wants opposite the Dazell
building, he Will put up fine structure at
that point. Further down a large ware
house is under consideration. Values are
very firm, with no disposition on the part
n to mol l-p An N
siastic agent said yesterday: "From my
knowledge of what is going on, l am con-
vinced that Grant street Will soon be as re-
markable for activity as it has for years
been for apathy.i The hump question is
generally regarded as dead issue. Rapid
transit solved the problem.
New York apartment Houses.
There are about so apartment houses, or
flats, in Pittsburg. They are small, but sub
stantial, and are supplied with all essential
conveniences. This is not the case in New
York, to Judge from the following remarks
OF a gentleman who lately visited that city:
1.-The average rent is from SIS to SIS a
month, according to the number of stairs the
tenant may be willing to climb. Here
clerks, mechanics and laborers are huddled
together under one roof These flats are
very inferior in construction, although hav-
pearance. Plumbing and water supply are
generally Of the poorest kind, and the sani-
tary conditions are bad in the extreme"
The Electric Deal.
The New York Journal of Commerce says:
''There is understood to be very slight
probability that the union of the Edison
General ana Thomson-H ouston companies
will bring about the consohdatioo of any of
the factory departments, but there will be
material eating down of the number of
types of generators and other machines.
The incandescent lamps will in ali proba-
bility all be made under the Edison patents,
with Thonson-Houston treatment The
chief economies will be made in the bus-
ness departments of the two companies.
The Boston Office of the Edison company
WILL it is thought, be consolidated with the
Thomson-H Houston Office there, while the
New York office of the Thomson H Houston
company will be merged into the Edison
main office here. The consolidation of the
Offices OF both corporations at Chicago, Bal
timore and Philadelphia is also III contem-
plation. and is bound to make a big saving
i'll expenses
....,... business News and Gossip. -, /.
A dicker is in progress for manufactur-
ing site on Herr's Island.
No. lS5 Fourth avenue is being remodeled
internally for restaurant.
The addition of n story to the Gusky
block will cost about $l3 0G0
The PENNSYLVANIA Railroad is busy about
Wilkesbare, building roads in order to tap
the mines of individual owners and opera
tors.
Peter Galius has sold to Benjamin Cohen
20Xi00 feet on Butler street. Fifteenth ward
with small house, for $500.
The price paid ior the Chicago Lake Street
lawn tod Il
is said to be $l,50O 600. Backers of the enter
prise claim to have spent ss01,00O in its con-
struction.
Ohio reports an increase of Il, 900 in winter
wheat acreage over last year
There is no prospect of the immediate sale
of the Exchange building. 1t is considered
good property to hold on to.
Permits were issued yesterday for the
erection of three buildings the cost all az
gFegating 81 600.
The banks and Exchange will be closed
Monday, Wa>hington's birthday Paper
maturing then should be looked after o-day
Exchange memberships are steady around
$50. That price was bid for an unlimited
number yesterday.
The net earnings of the Pittsburg, Youngs-
town and Ashtabua Railroad Company Tor
the month of January were S2l $780, an in
crease Of $7,U2.
Movements in Realty.
S. A. Dickie & Co. sold for Bell & Caldwell
to Mrs. j. p Campbell two improved proper-
ties i'll Baum Grove-oue ON corner of Friend
ship and st. Clair Streets u two story and
attic brick house, with lot 40x1O2 feet, and
one on the corner of Friendship and Amber
Streets a similar house, with lot 4O1lO3 ieet
Price for the two, $4,000.
James W. Drape 4 Co. sold farm in Indi-
ana county OF so acres for 81, 200; also n house
and three lots on Mt. Washington for So 600;
also an interest of $1,000 in q large manufact-
uriug concern near the city: also sold three
lots in the Munhall Terrace plan, ,neay Home
stead, for $500 each: also house and lot on
Federal street, Allegheny above the parks,
for Sc 00O.
W. L. Hamnett & Co. S old farm at Min
eveh, Pennsylvania Railroad, ITO acres, Tor
81, 800.
4. T. Schaffner sold to Adam Weinman n
lot 25xl06 eet, on Beltzhoover' avenue, near
Climax street, Thirty first ward, for 1885,
Ira NJ. Burchtield sold another lot in the
Oliver Terrace plan to j. D. CadwalIader for
s., 900.
Black & Baird sold to Martin o'Hagan lot
No. in j. Walter Hays plan OF Heywoud
Place, fronting "a feet on Madison avenue
and extending back 100 feet to an alley, for
$3.50.
Nj. F. Nipple s. Co. sold for John A. Gra-
yer, ior So, ,2J0, lot 50XIS6 on the east side !
of Ditnrid2e, near Bayard street Fourteenth