Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-28
POINTS ON BUSINESS.
A Cool 100000 Made by a Local
Capitalist Within a Year.
CAPT. VANDERGRIFT'S NEW MOVE.
DepOsitOrs Still Delaying the Work Of Fix
ing Up the Lawrence Bank.
TIE LARGEST SHEET OF PLATE GLASS

Straws show which way the wind blow
in real estate as in other things. A promi
nent local capitalist of conservative ten
denotes, remarked yesterday that he could
sell the properties which he had purchased
within the last II months at an advance o.
$4,000 but as he had acquired them fol
his children, they were not in the market
This shows very clearly that he is moi
afraid of a reaction.
Another observation of interest in this
connection was made by McKeesport gen.
tleman. He said suburban residence prop
critics there, up to a certain point, say
$4,000, were higher than in the outlying
districts of Pittsburg, and were being bought
up at rapid rate.
The most important item corraled on Fourth
avenue yesterday was to the effect that Captain
]. ]. Vandergrift was negotiating for the lot
adjoining the Singer property so as to give him
frontage Of 80 feet. One gentleman said he
was confident the deal would be made, and
that the price would be something over 81 900 a
foot front
An official of the Fidelity Title and Trust
Company said yesterday that the work of un-
tangling the affairs of the Lawrence Bank was
progressing as fast as possible, Better progress
could be made if depositors were not so slow
about bringing in their books and certificates.
The absence of these is the main cause of delay.
The accounting has proceeded as far as the
letter NJ, with very little material left to work
on. The Importance of sending in the books is
therefore apparent.
Should they be withheld much longer work
will have to be suspended. Very little more
can be done without them. 1t will be imposs-
BILE to make statement until alkthe books and
certificates have been presented and carefully
gone over If depostors want an early settle
ment they should send or hand in their vouch-
ers against the bank at once.
1t has been claimed that the Diamond Plate
Glass Works, at Kokomo, Ind, were entitled
to the credit of turning out the largest sheet of
plate glass ever cast. 1t was 122x2O2 inches,
but Mr.. Edward Petit, New York agent of sew
eral French plate glass companies. shows this
claim to be incorrect, and sends the following
list of plate glass sheets exhibited last year at
the Paris Exhibition by the st. Gobain Com
pany: One rough plate 3l9xl63 inches, equals
36l square feet l3 inches; one polished plate.
silvering quality, 90lxl62 inches, equals 33S
square feet 90 inches; one polished plate 32Oxl66
inches, equals 1858 square feet rs inches.
This shows that the French are still ahead,
but the plate glass industry is making such
strides in this country, and more particularly
in Pittsburg and vicinity, that foreign compe-
tition, both in quality and size of sheets, will
soon be reduced to minimum.
;a ha{D0 triad IN DIaoas
as an experiment and in almost every case the
results have been satisfactory. The following
example is given of the Alsfos wood pulp fac
tory in Norway. the balance sheet of which has
recently appeared: The value Of plant and
buildings is S63,S4O, and on this per cent is
charged (s3,lS6 per year,. The force consists
of manager, a bookkeeper, cashier and go
men, and the wages paid per year are, respect
lively, ST. $50, $780, 1854, Sl92 and Sl5S For Incl
dental expenses 81 664 per year is charged, max
ing the annual cost of working about Sl6,OOO
The first years gross profit amounted to S26,-
664 OF this sum So lS6 went for interest on the
capital and, with the $751; working expenses,
it left balance of S. 44O, which, with the excep-
tion of s796 carried forward, has been distributed
equally between the SO men, giving each about
Sl05. Most of the workmen have used the
money toward buying for themselves houses in
the neighborhood of the factory.
Prof. Edward Orton contributes a paper on
gas and petroleum in Ohio to the Amer
fcGn Manufacturer, which accompanies it with
the following remarks: zone of the remarka-
BILE results Of the search for natural gas in the
last year, as set forth by Prof. Orton, is that,
while there have been practically no new gas
rocks discovered, and no really new gas fields
have been brought to light, not only have sew
eral old fields been so transformed during the
year that they may be reckoned almost new,
but some of the strongest wells that have yet
been found in the State of Ohio were found in
1889. 1t is true that several fields have been
shown to be practically valueless as a source of
future supply, but Prof. Orton's review shows
that the day of surprises in the production of
natural gas has not yet passed.
I'VE think it is a fair deduction from what
the drill has developed in Ohio during the past
year, and the same is true in Pennsylvania,
some of the strongest Pennsylvania wells hay
ing been struck in 1889, that, if the proper
are made use of, there is no reason
why the supply of natural gas may not be suffi-
cent for many more years than some of our |
experts have believed"
Mr.. L P. Wilson, an Englishman, claims to be |
the inventor of the wire rope, and SO far the |
claln bIdnQS uuQlspuIeQ. ne says LnaG ne 1
made about 1882 a wire rope without any twist |
in the individual wires to the order of Mr.. |
Sherratt, of the Stafford Iron Works, Manches- |
ter, and maintains that no improvements have |
been made, either in the wire rope manufac-
tured by him in 1882. or in his patent compound |
ropes or cables. or in his tandem machine, |
which is now universally adopted by all exten-
sive wire rope manufacturers throughout the |
world