Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-26
INDUSTRIAL FIGURES.
gitimate Causes-How It Has Moved Up
In the Last Few Years-SpecIaI News


gitimate Causes-How It Has Moved Up
In the Last Few Years-SpecIaI News
and Gossip.
It is interesting, and instructive as well,
to note the steady and constant increase in
realty values In the last few years Several
causes have contributed to this result The
city has grown remarkably in population
and wealth, widening and emphasizing the
demand for property of all kinds; the lim-
tied area of the strictly business quarter has
occasioned keen competition for business
stands and sites; and the introduction of
rapid transit into the suburban districts has
made large scope of territory available for
homes. Values have only kept step with the
steadily broadening market and increasing
demand. There have been no booms, no
speculative spurts followed by depression.
Advanced positions have been maintained.
Real estate is as firmly held to-day as at any
former time in the history Of the city.
A few figures will present this matter in
still clearer light. A property on Smith
leld street was sold four years ago for g 900
a foot front. 1t is now held at $3 1000 A lot
with a fairly good building on Fifth avenue,
near Grant street, changed hands in 1885 at
81, 600. 1t could not be bought to-day for
less than $4,000. On the lower part of the
same avenue a property marketed a few
years ago at $4,000 is now valued Mt nearly
$500, 000 On Fourth avenue values have
risen in three or four years from 81 COO a foot
front tc 5000. Suburban realty has en-
HANGED in almost equal proportion. That
the advance is permanent is shown by the
indisposition of owners to part with their
holdings. They contend that there is no in
vestment so good as the property itself.
Fourteen permits were issued to-day for Is
mil
cost $l9,277. The largest are: NJ. j. Mullin,
brick dwelling on Atwood street. Fourteenth
ward, 5000; John Mansteil, frame dwelling
on O'Hara street, Twentieth ward, 81. .5OO
Thomas Cappell, brick dwelling on Atwood
street. Fourteenth ward, $4,000; Mrs. Katie
teenth ward, 81 ,6i2; Mrs. Lena Loxterman.
two frame dwellings on Friendship alley
Sixteenth ward, 81, 800
A dicker is in progress for o property tor.
merly occupied by bank.
Tioga street. Brushton, is handsome
thoroughfare. Nearly all the improvements
are new and Of a good class.
A$7O00 school building is to be erected in
Canton, o. Guy Tilden is the architect.
The remainder OF the Christ Church prop
or ty will be closed out this week. Thi.
central part of the city.
The Lutheran congregation, of Sharps-
burg, has purchased q 1ne lot and will erect
. handsome church thereon at once
The completion OF the electric railway on
Mt Washington will be a good thing for
that interesting locality. 1t will put large
number of good, cheap lots in the market
and thus facilitate home. building.
Two or three transactions in the Highland
Park district have been practically closed in
The sale by Feter Shields of IL acres in the
Greenfield avenue district for subdivision
shows that interest In that quarter is un-
abated.
The streets of Wilmerding are being fixed
up and sidewalked. This is one of the most
progressive towns in the county.
George Anshers will this week break
ground for two brick houses on Mt Troy.
near the Mollinger Chapel.
John X. Ewing & Co. sold to Joseph C. De
Noon, q prominent Pittsburg paint broker,
the one-half interest in q tract of land facing
the continuation of California avenue, East
Bellevue, for g. 900 cash.
c. T. Beeckman sold for the Larimer Land
Company, in the Grandview Place plan. four
lots to j. c. Dick for 81 900.
W. A. Heron & Sons sold two lots. e0xl0O
feet each, Nos 3and in Kennedy's plan.
on Willis street, Nunnery Hill, Allegheny,
Black L Baird sold to Mr.. spannuth lot
Duquesne Heights, for $75: also to M. P.
Bonner, lot No 1876, in the same plan. for s9a
E. T. Schaffnar sold for Jacob Werron a
lot e5xl00 feet on Paul avenue, West Liberty
to Gotfried Keeffer for $s75.