Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-18
A NEW ENTERPRISE.
Oil to be Refined in Pittsburg by a
Newly Patented Process.
GROUND GOES AT $4,000 AN ACRE.
Another Apartment House Projected, to be
the Largest in the City.
RENTERS AT THE END OF The STRING

The Tubuoline Refining Company, of War
ren, Pa, chartered under the laws o. West
Virginia, and having capital of $500, ,0O0,
short time ago secured lease, through w.
A. Heron & Sons, Of lot of ground on
Smallman street. Fifteenth ward, with
frontage OF 120 feet on the Allegheny Valley
Railroad, for a large warehouse for the
storage O. lubricating oil, aud work on the
building is being pushed as fast as possible. 1t
will cost about $4,000 and be complete IN every
detail.
The company will refine oil bY a newly.
patented process, said to be much better ana
cheaper than any now in use. Tests have 6een
made in this city, which are said to have peen
quite satisfactory.
Another East End Deal.
Thomas Brown has sold about three acres of
his ground situated between Meadow and
Shetland avenues, to James Z. Dick. for SSl.O OOO,
or little more than $4,000 an acre. The prop
erty will be cut up into lots as soon as 1t can
be surveyed and put on the market
Renters in Despair.
A great many renters are in trouble. They
can't find houses This causes great deal OF
doubling up. Even rooms are scarce. Mr.. w,
b. Devore broke ground for dwelling the
man living on the Perrysville road rented six
before the foundations were begun. A NUMBER
of other outsiders have given up the idea OF
locating here on account OF the 1mposslplllty
of obtaining quarters.
A Western man once said when there was
boom in hogs that he had lost great deal OF
money by having none to sell. Pittsburg is
losing population by not having houses for all
the people who want to come here to live.
Another Apartment House.
Negotiations are pending for a site near the
Fifth avenue market for another apartment
house, to be the finest and largest of the kind
in the clty-four stories high, and embodying
all modern conveniences. Ii the deal goes
through. as is probable, work on the building
will begin in a short time.
The Cry of Wolf.
Patrick Henry wanted to know why people
cried peace, peace, when there was no peace.
Analogous to this is the persistent declaration
of panic when there is no panic. One may
come along, and so may an earthquake or a
tidal wave or cholera, or any other calamity.
but there are no signs of business smashup;
and the best evidence In the world that there
will be none to amount TO anything-nothlng
out of the usual Mt the end of a year-is the fact
that people have been preparing for the worst
that can possibly happen. Forewarned is fore.
armed.
A panic under such circumstances would be
a novelty that would puzzle business writer's to
account for it.
Business News and Gossip.
The Twenty-second ward syndicate will close
their deals in real estate next week.
Work on the Arbuthnot building is being de-
layed by labor trouble. 1t will not be ready for
occupancy before next spring.
Only TWO building permits were taken out
yesterday-one by Louis Kline, for a frame two
story dwelling, 18XlS feet. on Smiths Way,
Thirty-second ward, to cost $500. and the other
by James Henderson, for frame addition two
story stable, 24x10O feet. on Liberty avenue Six
teenth ward, to cost $500.
There are several good hotel sites in the
neighborhood of the Court House.
The largest of S9 mortgages on file yesterday
was for $1,000 Twelve were for purchase
money.
The hilltops on the southside are blossom
ing like the rose" Home-seekers find them
very attractive. Many houses are going up,
and more are projected.
Eastern money is scarcer in Pittsburg than
for several years. showing plentiful supply
The interior Of the Peoples Savings Bank is
being shined up, as the bootblacks say. I'm
provement and prosperity go hand IN hand.
Progress is reported in the movement
originating in Scranton, for the establishment
of National Board of Trade.
The Pullman Palace Car Company at its
annual meeting yesterday, over SlS.000,000 of
stock being represented, declared the usual
quarterly dividend of 81 per share.
Movements in Real Estate.
Contractor King sold house and lot in Oak
land square to Wood street merchant, for
$1,000. The property cost him $1,000 few
months ago
E. D. Wineenroth sold eight lots in his plan
of Nadine Park, to Frank x. Woog for 81, 400,
being lots Nos lCS to lis inclusive and bounded
by Poketo avenue Bramble and Chaske streets
and Delaware alley.
Ewing & Byers sold for William Fletcher to
S. Bachman the properly No. 81 Pasture street,
rear Western avenue. Fifth ward, Allegheny,
consisting of fnur-roomed frame house, with
lot lSx6O for s., $50.
w. Z. Hamnett & Co. sold a lot l45xlS5 on
Locust street, Edgewood for T. Kennedy to
Mrs A. d. Hill for So 000
Black & Baird sold for Simon Beymer to
Michael Noonan lot No. % in the Linden Land
Company's plan. Fourteenth ward. situate on
JoncaIre street. 25x100 feet, for 81. 800 cash.