Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-01
A NEW YORK SCHEME.
One Of GOtham's DrygOOds Firms Said
to Want the Semple Building.
FIGURES ON SCHENLEYPARKLAN
American Petroleum Gaining Substantial
FoOthold in the Far East.
GAS CITY ENTERPRISE REACHING OUT

Real estate brokers are doing very little
talking these days, but they are saving
great deal of wood 1t was stated yesterday
BY gentleman who ought to know that
prominent drygOOds firm in New York is
negotiating for the purchase Of the semple
building in Allegheny.
"What is the name of the frm?" the in
formant was asked.
"Tnat 1 an not at liberty to tell you.
am free to say, however, that it is not Clafin
& Co., representative Of whom, according to
report, was IN the city few days ago."
Another gentleman said the report had an
odor Of fish, from the fact that the building is
under a five years lease. Still, if the firm
were in dead earnest, it could probably pur-
chase the lease along with the property and OBJ
tain possession as soon as desired.
1t may be mentioned, as another interesting
item of real estate news. that the owner OF
about two acres near the entrance to Schenley
Park instructed his agent to refuse all offers
under $1,000 an acre.
Statistics of last years petroleum exports re-
veal q very gratifying fact. They completely
upset the impression that had been gaining
ground that American producers were losing
their foothold in the far East most import
ant quarter. The contrary is the case. The
great population of East India takes to refined
petroleum more kindly every year, and soon
they will burn nothing else, because 1t COM
bines excellence of quality with cheapness.
Thus practically unlimited market is being
opened. The countries where Russian petrO-
leum competes easiest with American oil are
the very ones where the latter shows the great
est increase.
George s. Griscom, of this city, and several
Youngstown capitalists have organized the
Lakeside Nail Company and leased large nail
factory owned by the Chicago Steel Manutac-
turing Company at hammond, Ind, and will
place it in operation at once producing cut
nails. The plant is new and one of the best
equipped in the country. 1t has l0l automatic
nail machines. and will produce 5000 kegs Of
nails per month. Mr.. Griscom will have charge
of the plant.
The Duluth Iron and Steel Company has
commenced the work of putting up the incline
plane which is being constructed by the Ber-
lin Iron Bridge Company, Berlin, Conn. 1t Is
about 400 feet long, running from the stock
house ON the ground level to the top OF the
furnace stack, about 95 feet high. The structure
is capable of sustaining load Of l5,OOO pounds
while going at the rate of 800 feet per minute,
loaded car, also against any wind pressure. The
firm of Best, Fox & Co., of Pittsburg, have the
contract for all material and work for supply
ing the plant with water.
Joseph R. jackson, Of Pittsburg, proposes in
patent recently granted to make sheet iron
by passing the bloom or pile first through q
heating furnace, then through plating rolls into
another heating furnace, and back and forth
from one furnace through the rolls into
the other furnace, until reduced to the desired
gauge, SO maintaining the proper heat for roll
ing without the necessity of removing it at in
tervals to reheating furnace.
The farmers in some of the Western States
are petitioning the railroads to make what they
call an emergency rate for the transportation
of corn to the Eastern markets. They claim
that the surplus corn product is valueless at
present prices, inasmuch as the cost of getting
it to market absorbs SO much of the proceeds
that they have not enough left to pay them for
the labor of raising it. Pennsylvania farmers
are in the same predicament as regards getting
their produce to market, but their trouble
arises from the wretched condition Of the coun-
Try roads.
The shippers of three steamships, the Call
fornia, from Hamburg; the FrIesland, from
Antwerp, and the Rhaetia, from Hamburg, are
enthusiastic in their praises of oil as wave
breaker. The Rhaetia used the fluid with
magical effect in a hurricane on January H.
The Friesland, on the same day, kept the tow
ering sea from breaking aboard the ship by a
liberal use OF oil. The California, while hove
to under small sails in the same terrific wind,
saved herself by using oil.
When the Reading Railroad shall have built
its bridge across the Susquehanna river at
Harrisburg, and have constructed connect
ing line to the Baltimore and Ohio road at
Hyndman, the new route thus opened will be
almost an air line between New York and Gin
cinnati st. Louis and the Southwest. 1t is re-
ported that the Reading intends to run vestl-
bule trains between Harrisburg and New York,
and to make the new line q strong competitor
TO the PENNSYLVANIA