Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-03
THE BOSTON SCHEME
For o Market House on the Allegheny
Endorsed by High Authority.
LOCAL SPEcULATORs PINCHED.
Dwelling Houses Built in Pittsburg as
Cheaply as Anywhere Else,
A MOVEMENT In THE POINT DISTRICT

| a EMGu4 IN 1h6 4NA4sA
Hon. David Kirk indorses the Boston
gentleman's scheme for building market
house on the Allegheny river, as presented
in The DISPATCH few days ago, MI
Kirk said yesterday: "Itis coming TO tnat'
Land in the heart of the cities is already
too valuable to be wasted. The market
houses occupy much space that should be
devoted to other purposes. A marAet
house on the river, as proposed, would
afford the necessary relief
ST think the scheme is entirely feasible.
The cost would not be great Bonds issued
to pay for the work would command
premium, and could be paid off with money
received for rents and other market privileges
Such building would be great adVertse-
ment for Pittsburg."
The oil crowd had good reason yesterday 1or
taking more interest in the New YORK STOCK
quotations than in the commodity TO Wnlcn
they are supposed to be welded. 1t is reported
that good many of them lost heavily on the
break in the Cotton Oil and Lead Trusts.
1t is also strongly limited that quite number
of Pittsburg spectators not connected with
the Exchange dropped large amounts on the
same delusive securities. The child immortal
lied in the old saying knew nothing about nre
until it burnt its finger, Then it kept at safe
distance.
A lot 60 feet front on the corner Of Penn and
Collins avenues was sold on Friday OF last week
for $4,000. Its location in the business center
of East Liberty, where good sites are scarce,
accounts for the tolerably steep price realized
nearly $500 foot. 1t is understood the pur-
chaser will erect fine business house on the
property.
In answer to the assertion frequently made
that it costs more to build house in Pittsburg
than in Philadelphia or Chicago, wellposted
gentleman remarked yesterday; II know from
my own experience and observation that houses
built in Pittsburg for sale are more substantial,
have larger rooms and more conveniences than
those of the same class in any other city which
1 have visited, and particularly Philadelphia
and Chicago, from which we hear SO much
boasting of low-priced buildings. They also, as
a rule, occupy more ground, which gives them
additional value
Bearing these facts in mind, It is easily seen
that Pittsburg houses are as cheap at the prices
asked for them as those in the places indicated.
A majority Of the houses now on the market
are offered at prices very little above actual
cost-some at cost-the profit being made on
the ground"
A Pittsburg gentleman Just returned from
visit to Kansas City, said Yesterday that real
estate there is advancing so rapidly that moth
ing but cable car can keep up with it, so they
have built 60 miles or more Of cable lines in
that city. The gentleman was so tavorably i'm
pressed with the appearance of the place-with
its business hustle so like Pittsburg-that he
thinks Its destiny is to become one of the great
cities Of the country.
| Quite a number Of old-time Pittsburgers are
in business there.
The Equitable Loan Association, composed
| Of so well-known business men, has purchased
a tract of land near Fleming station, on the
pittsburg and Lake Erie Railroad, for which
it paid 81, 500. A brief notice of this transac-
tion was given at the time, but the feature of
it of most interest was not divulged until yes
terday. The intention of the association is to
lay the property out in large lots, with wide
streets, lawns, etc.
To secure low rates on building material for
Is or 30 houses, to be commenced at once, con-
tracts for supplies and buildings will be let in
lump. This will be a departure from the usual
practice in this city, and is the same as the
Philadelphia system. A few Of the lots will be
sold to outsiders and the proceeds applied to
the improvement of the rest of the property.
1t will be called Park View Place.
Young America should begin the study Of the
Spanish language as soon as possible. Our
nearest neighbors, and those with whom we
are destined in the near future to have close
commercial relations speak Spanish. 1t is only
a question of time when New Mexico will be
admitted as State Of the Union. The major
ity of its inhabitants speak Spanish, and it pre-
dominates in the courts and schools and with
most Of the newspapers in that Territory.
Pretty soon our manufacturers and merchants
will be pushing their goods on the markets in
Spanish-American States and a thorough
knowledge of the language will insure thou
sands of energetic young men remunerative
employment and splendid opportunity to &C.
quire wealth.
As Pittsburg will be one of the greatest gain
ers by the new trade relations which are certain
to be established between the United States
and the Spanish speaking people to the south
Of us, as the outcome of the Psn-American
Congress, soon to assemble at Washington
local educators would meet what will soon be a
public want by adding the Spanish language to
their curriculum.
There has been within . week or two a
marked increase in the demand for downtown
business property, where several important
transactions have taken place, and more are
pending. The Exposition building, the exten-
sion of street car lines and the proposed park
have brought that part Of the city into greater
Hk Ioa g.
and directed the attention Of capitalists to it as
good opening for investment
The situation is unequaIed for the conduct
of any kind Of business. and by making
necessary improvements-either by remodeling
the old buildings or putting up new ones, which
would be better in most cases-the Point dis.
trict would soon become one of the bright spots
of the city.
Mr. Charles Lockhart is rushing things on
Dinwiddie street. The so dwellings which he
is building on that thorUughfare, will be under
roof by the last Of the month. The houses are
of q good class. with stone fronts and modern
convenience These houses will improve the
appearance Of Dinwiddie 50 much as to make
1t look almost like new street
Mr.. Lockhart states that IS OF the houses
have already been leased. There is lesson in
this which other builders could study to their
advantage.
There was nothing peculiar in business condi-
tions in Pittsburg last week. The iron market
was less excited, but active and firm. Money
was plenty at 6Q7 per cent. with a certainty of
continued ease during the remainder Of the
year. There was liberal movement of all the
staple products, with values about steady. Real
estate developed considerable activity, and a
number of important transactions were con-
cluded. There was good inquiry for and
large number Of sales of small properties.
In local securities the break in Philadelphia
Gas was the feature Of chief interest It re.