Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-22
WILL SPREAD OUT.
The Butler Chemical Company to
Meet the Demand for Soda Ash.
ENLARGEMENT OF THE BIG PLANT.
Inside Facts About the Government
Property on Ellsworth Avenue.
FOREIGN VERSUS HOME CAPITAL

The furry in soda ash and other chemicals,
such as are used in glass works, is quicken
ing the interests OF the Butler Chemical
Manufacturing Company, recently organ
lied with a capital of 100000. A member
of the company, and one of the largest of the
Pittsburg stockholders, said yesterday: I'VE
will at once proceed to enlarge our plant so
as to be able to meet the demand for soda
ash and other specialties for which there is a
large home demand. We have plenty OF
space to expand in to any extent desired.
cradle money, but we believe business will
justify it." There is large amount of
Pittsburg capital invested in this enterprise,
which makes it of special local interest.
The failure of the Government to sell its
property on Ellsworth avenue was surprise to
many. A prominent real estate broker, in dis
eussing the matter yesterday, said: 1.-THE prop
erty comprises about two acres, and is valuable.
think il is worth more than the minimum
price f1xed by the Government, $4,000 The
lack of bids is no evidence that the property is
not wanted. Buyers were plenty, but they were
afraid of running the price up on each other.
In nv opinion the property will realize at least
$4,000. 1t cost the Government about $4,000,
if 1 recollect Alright. General Negley, who was
in Congress at the time of the purchase.
engineered the deal. When citizens of the
ward found out what it was wanted fora
marine hospital-they set up vigorous kick,
and kept it up until the authorities abandoned
the project. General Negley's advocacy Of the
measure cost him great many votes"
mortgage specialist said yesterday: There
is no scarcity of money in Pittsourg, anda good
deal of it is being placed at low rates-say $40
per cent-on productive city business property.
A lower rate than this is exceptional. Cap
italists are very conservative, and confine them
selves for the most part to choice properties
which are always marketable. Out-of-town
properties are viewed with disfavor Farms
are almost completely ignored. 1 have heard
talk of Eastern money coming here this spring
for investment. There is nothing new in this
it is always here. Some think it is cheaper
than home money, but it is not. When borrow
ers pay the extra expense which the examina-
tion of titles and other formalitles involve and
which Boston men insist upon, they find that
il costs them fully as much as the home
article"
There is nothing to encourage the bulls in
the coal stocks, trade in both bituminous and
anthracite DelnG IN state OIL almost unpaI-
alleled depression. To prevent further de-
moralization the output is being restricted as
much as possible only enough being marketed
to supply the actual necessities of consumers.
1t is a matter of surprise that these stocks have
held up so well during the long period Of dull
ness.
The Sprague Electric Company proposes to
build street railway in Mansfield o. A rep
resentative of the company, Charles James, of
Pittsburg, is now in Mansfield securing right of
way. Thus rapid transit is marching on. 1t is
necessity of the times, as no wideawake per-
son in Pittsburg will dispute.
The recent advance in Lima oil to q cents is
causing an unusual interest In that product
but there is nothing strange about it. The ad-
vance was due entirely to the increased de-
mand for it. During the last few months
large quantity of oil has been wanted and
large quantity has been bought; the price,
therefore, rose. AS the summer approaches it
is highly probable that very much less oil will
be wanted and the price will fall again, though
it will hardly return to the old level of Is cents.
The stockholders of the Baltimore and Ohio
Railroad Company will hold a special meeting
on March 81 to consider and vote upon the
question of leasing the West Virginia and
Pittsburg Railroad, which is the m ain line of
the system, but not including the Mononga-
hela river road. The lease is for 999 years, and
the links of the railroads. when widened to
standard gauge and completed, will be about
175 miles long.