Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
CITY'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 the Girard estate estates of Anna
r. King and John n. Mcneil, is by
far one of the most important trans
actions in the 39th Ward, and the ag-
gregate cost was $62,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 1t 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 2oth and Porter streets
now extending to 2lst street, and in
which the supply Is far short of the
demand creating 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 built-up portion
The trolleys making the turn at Fourth
and Ritncr 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 tOund on snyder avenue three
squares 10 the north.
More than 200 dwellings, with stores
at the corners will be erected. They
will be Of the two-story type and one
half of them 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
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 it meets the
plant of the Pennsylvania Salt Manufac-
turing Company. 1t runs south to Oregon
avenue and east to the Delaware River.
The grades of streets in that section are
to be changed to accommodate its opera
tions. This, with lateras 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
VIII be extended TO meet the situation
This section bids fair to be the thea
tie of coming activit:' along real estate
lines.
NORIHN EST SECTION
Available lots for building purposes
were further reduced this week by the
settlement for property in the 43d Ward
and transfer to Charles j. Heckler. They
are situated at Park avenue and Nc
Ferran street. with front of 340SA feet
on the north and south sides of Nc
Ferran street. so feet on Park avenue
and 200 feet on Thirteenth street.
McFerran street and Thirteenth street
will be opened by dedication, making a
public Improvement at this point.
This is an extremely wel-built-up and
busy section, near lines OF the Richmond
Branch of the Philadelphia and Reading
Railway and industrial establishments in
cident thereto; II is also favored BY nu-
merous car line routes in every direction
An operation of 43 dwellings is planned.
This piece of real estate is practically
the last piece of ground which can be ac-
quired i'm the neEhborhood 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-
ace Groskin was the broker in this
NOTES on THE STREET
The start OF these operations indicates
that trust companies and banks. which
had virtually ceased to do business with
builders, are beginning to show confidence
N the future by again handling opera
tions.
Money is much easier in the last ten
lays than it has been since the begin
ming OF unsettled conditions.
No special locality is in favor i'm the
transfers. There Is some activity in the
ElmwOod avenue section, southwest of
SiXtieth street. LESSOR
A MARKETS