Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
CTTY'S BUILDERS
SHOW ACTIVITY
IN OPERATIONS
Important Work Started in
39th and AID Wards.
Banks and Trust Com
panies Advancing Capital.

The purchase by Mark Haller of lot
northwest corner of Third and Porter
streets, extending from Third to Fourth
street and from Ritner to Porter street,
from thel Girard estate, estates Of Anna
T. King and John H. Mcneil. is by
far one Of the most important trans
actions in the 3oth Ward, and the ag-
gregate cost was S62,sOO.
The sale of portion belonging to the
estate of stephen Glrard, confirmed by
the Orphans Court after statement by
the trustees, was owing to the fact
that IL was far removed from other
realty of the Girard estate and cannot
be adapted for the kind Of improvement
that the estate is engaged in" such as
the operation at 9Dth and Porter streets,
now extending to 2lst street, and in
which the supply is far short Of tho
demand creating a very substantial
waiting list
On the other hand the purchaser
shows very good judgment in acquiring
this block Of property. 1t is on the
southeast edge of the buit-up portion.
The troleys making the turn at Fourth
and Ritner streets one Of the corners.
four lines Of cars radiating to different
sections, use the Fourth and Fifth
street tracks, and east and west lines
can be found on Snyder avenue three
squares to the north
More than 200 dwellings. with stores
at the corners. will be erected They
ysi1 hp ,F "a .y,.1- ,,I
half OF thom are now under way, cellars
and cellar walls appearing on the Ritner
street front The need OF this operation
is apparent by the few properties for
sale or TO rent in the locality, and
great impetus has developed from activity
along the river front. with the deeper
channel, the opening OF the Panama
Canal and the proposed enlarged opera
tions Of the Pennsylvania and other rail-
roads, in connection with large wharf
facilities all requiring a great amount
OF labor which must be housed.
The section has a main sewer running
east on skunk street from Broad street
to WecCaCoe avenue until IL meets the
plant of the Pennsylvania salt Manufac-
turing Company It runs south to Oregon
avenue and east 10 the Delaware River.
The grades OF streets in that section are
to be changed to accommodate its opera
tons. This, with laterals, will allow the
building up of all that land lying north
of the Pennsylvania Railroad tracks and
between Broad street on the west and
swanson street on the east Car service
will ne extended TO meet the situation.
This section bids fair to be the thea
tre OF coming activit.' along real estate
lines
NORTHWEST SECTION
Available lots for building purposes
wer" further reduced this week by the
settlement for property in the 48d Ward
and transfer to -narles J. Hecker They
are situated at Park avenue and Nc
Ferrar street, with front Of 3iosl4 feet
on the north and south sides Of Nc
Ferran street 80 feet on Park avenue
and 20o feet on Thirteenth street.
McFerran street and Thirteenth street
will be opened by dedication. making a
public improvep1ent at this point.
This is an extremely we'll huilt-up and
busy section, near limos Of the Richmond
Branch Of the Philadelphia and Reading
Railway and industrial esta ahlishments in
'ident thereto; it is also favored by nu-
nerous car line routes In every direction
An operation OF AZ dwellings is planned
This piece Of real estate is practically
he last piece Of ground which can he ac-
lured I'm the neiEhhorhood OF Broad
street and Erie avenue. the nearest large
holding west of old York road being along
Hunting Park avenue, where vacant
ground is held AT $4,000 per acre. Hor-
ice Groskin was the broker in this
NOTES on THE STREET
The start Of these operations indicates
hat trust companies and banks. which
lad virtually ceased 10 do business with
'uilders, are beginning 10 show confidence
n the future by again handling opera
ions.
Money is much easier in the last ten
avs than IL has 0een since the begin
ling OF unsettled conditions
No special locality is I'm favor in the
ranSfers. There Is some activity in the
.lmwood avenue section. southwest OF
lXueth street. LESSOR.
4 MARKETS