Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-04-12
A GREAT MISTAKE.
No Scarcity Of Building Sites in the
Vicinity of Pittsburg.
ADVANTAGES OF PAYING CASH.
The Government Taken to Task for Neg
Letting River Interests.
A BIG DEAL IN PETROLEUM LEASES

Said prominent real estate dealer yes
terday: sI noticed statement in one of
the city papers day or two ago to the eff
feet that all the business sites in and about
Pittsburg had been secured by corporations
or Individuals. If this were true it would
be alarming. But it is not true. There are
plenty of such sites on the market at reason
able prices. True, they are not in the heart
of the city, which is full Of other business
better adopted to thickly-settled communi-
ties, but they are convenient to the rivers
and railroads and are admirably adapted
to any kind of manufacturing. These
sites abound on both rivers
on the Monongahela from near Soho to
Braddock and above, and on the Allegheny
from the city line to several miles above
Sharpsburg, Williamsburg, Swissvale,
Wallis Station; above the city, the West
End and the Sewickley Valley below, con-
tain many fine manufacturing sites. with all ad-
vantages of natural gas and quick transporta-
tion to all parts of the country. Few cities are
so well provided in this respect as Pittsburg.
and any attempt to create contrary impress
sion is blow at the best interests of the city,"
Philadelphia is not only sustaining its repu-
tation as city of homes but is making its
claim to the title unassaiable On Monday
permits for about 400 buildings were taken out.
They will be put up by capitalists and sold to
working people at fair valuation, and on the
easy payment plan. Pittsburg capitalists are
catching on to this spirit of enterprise. If
carried to legitimate conclusion it will be of
great benefit to the CITY,.
Diamond street. below Wood, for which they
ask $4,000. They have been offered almost
that price, but are holding out for the full
amount The offer was made by gentleman
who believes the street will be widened and
thus enhance the value of property.
The neglect of the river interests by the gen.
eral government is a standing grievance among
steamboatmen One of them said yesterday:
IF this neglect continues it won't be long until
the river interests are completely wiped out.
Ohio river navigation is becoming more diff
cult every year. can remember when there
were lines of magnificent passenger and freight
steamers plying regularly between Pittsburg
and all the lower country cities as far down as
New Orleans, and to the headwaters of the
Mississippi and Missouri, carrying Pittsburg
products to all of the business centers, whence
they were distributed throughout the country.
How is it now? A glance at our wharf will
furnish the answer. The railroads have been
fostered at the expense of the rivers until the
latter have become almost worthless for busi-
ness purposes. The Government owes it to the
millions of people who are, in one way or an
other, identified with the river interests to
thoroughly investigate the subject and apply
the necessary corrections. To give up every
thing to the railroads would be an injustice to
.soI,, ha
found"
An important transaction in oil property at
Brush Creek was closed yesterday. Jennings
& Roth sold TO the McCulmont Oil Company
their remaining one-half interest in the Nc
Caully farm lease with one well doing so bar
rels day, and an adjoining lease, making
altogether nearly 100 acres of oil territory, for
S25,O 600 Both parties to the transaction claim
to have made good bargain.
A Liberty street jobber made some observa-
tions yesterday that may be of value to trades
men. He pointed out the advantage of having
cash to pay for goods, especially in such
season as this, when there is an oversupply of
everything in the produce line. A man with
ready money coming to the city.hnds the jobber
always ready to make concessions in prices,
whereas if he were selling on credit outside
quotations would be demanded. The advant-
age thus gained by the cash buyer in most
cases furnishes handsome profit.
Henry A. Weaver & Co. yesterday placed two
mortgages on city property-one of 5000 for
five years at per cent, and the other $500 for
three years at 6 per cent. The money was
furnished by local capitalist 1t cannot be
too often repeated that there is enough of ''the
sinews of war; in Pittsburg to supply all
legitimate demands of business. There is no
demand for foreign capital for Investment or
speculative purposes.