Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-29

at the same time make provision for a numbe
OF manufacturing concerns among which ART
mentioned the Baldwin Locomotive and thu
Disston Saw Works, both of Philadelphia. Ont
gas well has been put down, and preparation
are being made to drill another. The informan
added that several Pittsburg manufacturer
| had been looking over the ground, but fol
what purpose he did not learn.
Old King Coal.
The threatened withdrawal of natural ga,
| from the mills and factories has caused rather
| sudden and very lively demand to spring up fol
coal lands with the immediate result of stiffen
ing prices for this class of property. A gentle
man remarked yesterday: There is compare
lively little coal land in the bands of farmers
know of options being out on $1,000 acres in
Allegheny county, and agents are scurrying
around for more. A great deal of it is being
picked up by outsiders"
1t is great consolation to mill owners to know
| that they are lot dependent upon one kind of
fuel. When deprived of gas they find it easy to
| shift back to coal, of which there are mex
| haustible stores in the surrounding hills.
| A Good Investment.
1t will be long time before house-building
| In Pittsburg reaches point where it will be
necessary to call a halt. There is no city in the
country where the supply of houses is so far be-
low the demanl. They are sold or rented as
fast as they ars made habitable. Customers
are waiting from the time ground is broken for
the foundation unit! the finishing touch is ap-
piled. They are lively stock. 1t is gratifying
to observe that capitalists are beginning to
realize that houses are good thing from an
investment point of view.
Will Not Last Long.
A great many people observe what they think
is strong upward tendency in prices and they
do not know what to think of it. That there
has been an advance in nearly all the staples is
undeniable, but it was brought about by an
active demand and short crops, and it is not at
all probable that it can long be maintained.
Prices will be restored to their normal level by
the enlargement of productive capacity. We
have mighty agricultural West and mighty
cotton-growing South: we have unlimited min
eral resources yet undeveloped. and extraordi-
nary manufacturing capacity now in its in
fancy; we have unused energies and capacities
OF various kinds; we have ANXIOUS investors
and capitalists awaiting opportunities to in
vest; we have inventors. engineers, and manu-
tacturers, farmers, planters and miners all
awaiting opportunities to make greater effort
and to create more wealth. 1t would be strange,
therefore. il any general advance could be long
maintained in the face of such capacity, energy,
and power.
Business News and Gossip.
With money easy and business good, what
better opportunity to buy home could a
workinginan desire?
Pittsburg securities are generally admitted
to be good purchase at present prices. notwith-
standing the periodical gas scare.
The oil trade is still suffering from stagna.
ton, with no signs of improvement The
Standard has everything its own way. having
n u competition in market OF field
Eighteen of AZ mortgages file yesterday
were for purchase money. The largest was for
$4,000 Each of I6 was for less than 81, OOO.
Nearly 100 houses have been built on Mount
all
neat and comfortable.
The Union Transfer and Trust Company is
being made the transfer agent and registrar of
the stocks and bonds of various corporations
much to the satisfaction of stockholders
brokers and bankers.
At the close of the Bourse at Buenos Ayres
yesterday gold was quoted at l62 per cent pre-
MUM.
1t is not generally known that more than so
houses have been buiit during the present
year on what was formerly known as the Woods
property, on the line of the CHARTERS Street
Railway. near the new Ohio connecting bridge.
The engineer who plotted the ground went
down there day or two ago and was scarcely
able to recognize the place.
Wall street yesterday was given ever to the
bears. Fourth avenue was dominated by the
same element
So far as issuing permits was concerned. the
Building Inspector had a pudding yesterday
Only five were applied for. They are given
below.
Peter Book & Co.. frame addition one-story
warehouse, 20x85 feet. on Penn avenue, Nine
teenth ward. Cost. $500.
Charles Claus, brick addition one-story
stable I6x25 feet, on Twenty-first street.
Twenty-seventh ward. Cost, sl,OOO.
James w. Mitchell brick two-story and man.
sard dwelling l5X32 feet, on rear Fifth avenue,
Fourteenth ward. Cost. 81. 200
Gray, Smith & Burns. three brick two-story
and mansard dwellings, l6x34 feet each. on
kirkpatrick street, Thirteenth ward. Cost.
5000.
Martin McInerney, frame two-story dwelling,
20xS5 feet, on Summer street, Thirteenth ward.
Cost, $780,
Movements i'm Real Estate.
Ewing e. Byers sold for Frederick Dillmuth
to the Ridgeview Land Company, of Allegheny
City, IL acres and fraction situate between
the California avenue electric road and the
New Brighton road, Eleventh ward, Allegheny
City. for $4,000.
The farm of 14O acres on the Baltimore and
Ohio railroad, near Elrod, being part of the
Kuhn estate. was offered at public sale by
Black Baird at P. M, Monday, and with
drawn on bid of $4,000. 1t will be put up
again next Monday at the same hour,
w. E. Hamnett Co. sold house and lot on
Rebecca street, Williamsburg, for Mary A. Cole
man to J. H. Verning for sa65O.
8. A. Dickie d Co. sold for Mrs. c. McFarren
to F. H. Speer five lots on Idlewiltl street
Twenr y-frst ward, 25xl40 feet each, for So. 500
Reed b. Coyie & Co. sold to NJ. j, Walsh a |
lot in the Twenty-third ward, fronting 20 feet
on Smith street by lO0 feet in depth, for $3.50.
Baxter, Thompson & Co. sold lot No I3l. |
Bank of Commerce addition plan, Brushton |
station, fronting 40 feet on Frankstown avenue |
by 14O to 2Gfoot alley, DR.. W. s. Taylor, for |
$500
The Squirrel Hill Land Company sold TO |
William Cross a lot on Haldane street for $500 |
cash.
Magaw d Gof. Limited. sold for Mary z. |
Hightower to s. A. Rupp. two lots, each 5Oxl5O. |
at Grove station. Castle Shannon Railroad. ON /
private terms; also sold in the Oak station |
plan, Castle Shannon Railroad, to Mr. Farrell,
two lots for S225 cash.
Black & Baird sold to Henry Thyer. lot No.
2O in the John A. Roll plan, at Linden station,
and Ohio Railroad, being 2Ox5O feet.
for S325; also sold to Joseph Henderson lot No.
10 in the Heron Hill Park plan, fronting 25
feet on Ridge street by Ill in depth, for SS75
E. D. Wingenroth sold lot No. q, on Station
street, in his plan of Nadine Park, to Samuel
w. Barklev for $780,
Thomas Brown, President of the CITY Deposit
Bank, sold to ]. Z. Dick the property known as
the Brown homestead, consisting of ten acres
trontingebn i've streets, Shetland avenue Ger
ritt, Lowell, Winslow and Meadow, for Sl00, 900.
MOVEMENTS IN STOCKS.
Break in Wheeling Gas Caused by the
Prevailing Scare.
al cofo IN |