West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1906-12-20
KINGooD PRESTON COUNTY WEST VIRGINIA THURSDAY DECEMB
TEN MILLIONS hi ACRE.
Statistics on Realty Value In the
Greater Pittsburs District piscioses
sor'e Startling Values

''eHtcS ftttsourg District DiscioEes
sorie Startling Values
Iit;sburS, pa Nov i5.-Ton mil.
lion dollars for one acre OF land
think OF f. There are mnny towns
that one could buy outright for less
Than half this sum. Yet IN Plttsburg's
downtown sectlen' sea would have a
mighty hard time securing an acre. ex-
elusive OF buildings. az even this i'm.
monse sum. Not iong AGO thlS sum
was refused for a Fifth avenue prop
orty
Ton or -sftecn years ago sl2.0O0.CO a
foot front was considered hiyh-now
& hoyers between the SlI,5o0 and
$4,000 mark. In other words the
property has increased IN Value at
the ratio OF 5000 per foot front per
year.
Three years aso a. c. Fricl pur-
chased the catAciral site for sl.S25.-
ooo-- today n Is questionable as 20
whether S2.5Oo.0cO would buy e.
Some Fortunes Made.
About 20 years ago Capt O'Hara.
fsthcr OF the late Mrs. Schenley. IN.
vested IN roal estate I'm various sec.
tons OF what Is now Creator Pitts
burg. Bcfbrc he died he saw the few
thousands he had invested turned into
hundreds cf thousands When Mrs.
Schenley dicd hSLAwill was probated
In plttsburg and It. showed that her
rca'ty holdings IN Greater Pitts5urg
were worth approximately $50 coo 600.
Tho original cost of the estate ala
not exceed 100000. yet while It lay
idlc 81 was enhancing In value at the
rate cf million dollars year
Similar conaiuhAs exist IN tho
Denny estate of Plttsburg. which Is
worth about as much money. having
Increased iH'Yalue IN n like manner.
i. G. Frick. Andrew Carnegie. the
late II. p. oliver, Charles Schwab and
other mBltiamilhonaires have made
several millions IN Greater Pittgburg
realty Henry Phipps' realty invest.
ments have Noted him several mil
lions. Many others ofmodorate means
have made immense sums IN Pitts
burg realty
McNeesport Property Values.
Almost oyerg stt.ssn Within a radius
OF - miles Of rit,sSurg is now cousid.
cred portion OF Greater Pittsburg,
rapid transit having Joined these
communiues.t 20 the city proper The
greatest OF these districts IS McKees-
port, q hustling. money.makfng. indus
trial rection with n population exceed.
Ing $4,000, TN%i1 IS TIE home Of the
National Tube plant. the largest I'm
the world, and various other indus.
tries. In this district alone over
5000, 100000 are invested in mills and
plants while S-00cc.o"o nero are be
Ing expcG1cG - sc ....::.., - addition
70 the tube rlilL
McKeosport realty Increased from
90 TO 400 per cent during toe past few
years. DowntoWn prdpeliy sold few
years ago Tor y9vo00 pea i.ons loot
To-Day IL is Adrd t. 81 it az
$4,000 [ort. 1,.,-e s.- ar $50 los
In the ret,,oI., ion sold for
from $500 % e1,510 c-c' e. 1I 700
to $500 Is oa!y - pee.
Wilmerdiug to gr0tt lngbouse
town. is another section o. Greater
Pittsbprg which shows % -larFed I'm
crease in value Loss .nat .o.a ior
Sl,00Osto S2,5CJ only o foY years nr.
are held and sold az Z CA sI.,oJ5 IL
$4,000
East McKeesport s1o a D:opor.
. tionate Increase in vaiuec.
Another Money-Makinr .O'-tri7t.
AiAAhsNpH = ark duJOlnS W llHeIulnB,
East McKeesport and Turtle Creek
and Is but 30 minutes ride from Pitts
burg. These lots are now offered for
sale There are just 225 OF them and
owing TO the low price az which they
are offered IL is certain that they will
not last 30 days.
Within a stones throw Of Arlington
Park lots are selling In Wnmerding at
$1,000 per lot-that is at the rate OF
$4,000 per acre. Across the street
in East MoKeesoort che lots are held
at price exceeding three times what
Arlington Park lots are solling for.
For Instance, Arlington Park acre
lots are selling It from $500 TO $500
each. Each of thc4e tracts will sub.
divide into 10 TO IA 25x1O0 foot city
building lots SO tHat; the purchaser
really gets -
Ten city Lots for fbe Price of one.
Think OF r.. ThaN full Size lots for
what you opdinarIly have 10 pay for
one IN the immediate neighborhood.
Can you afford 10 allow this opportu.
nifty to go by UNDECIDED? N Won want
an investment where can You equal
this? S<.ks.
Arlington Pofk rs on eio beit Inc
OF the pttsburg Street Railways Co.
and a car In - kh dirociion passos