Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
CTTY'S BUILDERS
SHOW ACTIVITY
IN OPERATIONS
Important Work Started in
goth 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
T. King and John H. Mcneil, Is by
far one of the most important trans
actions in the 39th Ward, and the ag-
gregate cost was s62,sO0.
The sale of portion belonging to the
estate of Stephen Girard, confirmed by
the Orphans Court, after statement by
the trustees, was owing to the fact
that II 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 10Th and Porter streets,
now extending to 21st 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 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
will be of the two-story type and one
half of them are now under way, cellars
and cellar walls appearing on the Rltner
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 great amount
of labor which must be housed.
The section has 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 it's opera
tions. 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 be extended to meet the situat tion.
This section bids fair to be the thea
tire of coming activity along real estate
lines,
NORTHWEST SECTION
Available lots for building purposes
were further reduced this week by the
settlement for property in the 4Sd Ward
are situated at Park avenue and Nc
Ferran street. with front of S4OSA 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 we'll -bult-up and
busy section, near lines of the Richmond
Branch of the Philadelphia and Reading
Railway and industrial establishments in
cident thereto; il 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 he aC-
1uired i'm the neighborhood 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 100000 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
are beginning to show confidence
In the future by again handling opera
tions.
Money is much easier in the last ten
lays than 1t has been since the begin
ming of unsettled conditions.
No special locality is in favor in the
transfers. There is some activity in the
F2lmwood avenue section, southwest of
SiNtieth street LESSOR.