Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-15
IN THEIR OWN LIGHT.
Real Estate Badly Handicapped by
Extravagant Demands.
INVESTORS ABANDON THE MARKET
Local Geniuses on Still Hunt for Fireproof
Building Material.
PICKING UP ACRES DOWN THE VALLEY

| Property owners should not fly their Kites
too high. There is danger of overshootlng
the mark, or, rather, to maintain the simile,
of putting so much tension on the string as
to cause 1t to break. w. c. Stewart sounded
note of warning yesterday when he said:
81 have had several big deals on the string
for some time, but am afraid that some of
them at least are off for good. Why?
will tell you. Men came to me and said:
I'VE want to buy, but are not willing to pay
more than we think the property is worth.
You may, therefore, consider us out OF the
market until owners show disposition to be
reasonable Property can be sold right along
at fair figures, but extrayagant demands are
resisted"
This is an important statement, and should
be taken into earnest consideration by land
owners who want to realize.
general demand for fireproof building
material has sprung up within year or two,
and inventors all over the country are hard at
work TO devise a composition that will supply
the want. In this, as in other things. Pittsburg
skill and enterprise are actively employed.
Iron lath is, so far, the principal local contri-
button to the general stock of inventions, but
way of its success is that it costs more than the
wooden variety. Further experiments may re-
move this objection. A freproof material for
floors, ceilings and partitions is also being
evolved. So far its composition is close
secret.
There is an active movement in real estate
down the Fort Wayne Railroad. In addition to
the sale of IS acres for $40 600. at Emsworth re-
tad foxU da n almost equal
importance is about closed up at practically the
same figure, and deals are in progress for sew
eral other important properties in the same
neighborhood. The assurance of rapid transit
and of the opening of California avenue the
coming summer, is at the bottom of the boom.
Pitrsburg and East Palestine, O., capitalists
have organized a company and subscribed
SAC. .0O0 for the purpose of manufacturing fire.
brick at the later place. The plant, it is said.
will be one of the finest of the kind in the coun-
try A prominent Fourth avenue real estate
agent is at the head of the Pittsburg end of the
enterprise.
The current number of St0,Delps Petroleum
Reporter has this TO say about the advance in
Lima oil: 1T is thought in some quarters that
the STANDARD will steadily advance the price
until it reaches so cents per barrel, while there
duction until it reaches IS cents per BARREL
which. with the premium of rs cents now paid
on the Eastern stuff will make it worth 81 per
barrel to the producer. When the process Of
equalization is completed Lima will be made
certificate OIL"
Another authority says on the same subject:
while the same results cannot be obtained
from Ohio oil as from the Pennsylvania, there
is no assurance that such will always be the
case, and if the long-sought process be at last
found which will eli inmate the excessive sui
p ur in the Lima product. the placing Of that
oil on the market as certificate oil will not be
the fatal move it is thought by some to mean,
but will widen out the possibilities of the
trade and though on lower range of prices.
speculation will be of much greater bulk, and,
according to many. safer, for it seems to be
conceded that buying oil above dollar is a
risk"
Willet & Gray's sugar circ ular says: Quota
tions are slightly easier on account of pur-
chases during the week in producing countries,
particularly of beet sugar. The large demand
for refined, which on certain days could not be
supplied for the soft grades. shows also a di-
minution at the close. All cane producing
countries are strong and inclined to local specu-
lation. based on their moderate crop prospects.
The present situation is favorable for fair prof
its in refining and less is heard about the CON-
petition of refineries. Mr.. LIGHTS estimate of
the local crop is now 1855, 900 tons, against
2TS5U 900 tons last season. He estimates an
creased acreage for the next crop in all coun-
tries"