Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-07

weak as 10 De scarcely aDle TO Dear the Welgnt
of their bodies. PIttsburg is the center of an
extensive territory which contributes largely
to its support, and may be called its legs. To
dwarf these in any way would be like killing
the goose that laid the golden eggs. Our capt.
talists understand this well that they are
always ready to lend assistance to the country
when called upon.
There is scarcely town, big or little, within
SO or 1O0 miles Of Pittsburg. In any direction.
that is not full of business In all of them capt.
talists and investors are laying out lots. build
ing and improving at rate that is almost i'm
possible to realize by those who have not
visited them and seen for themselves. AS Illus
| trations, take a few within a short distance of
the city-Braddock, McKeesport Butler, W ash
| ington, Beaver, Rochester and others. They
are all booming Building is active and manu-
| featuring interests of various kinds are de-
| veloping at a marvellous rate Some Of them
| have almost doubled in population within four
or five years. The value of real estate has in
creased in proportion. but there are ten sales
to-day where there was one before the tide of
prosperity set in. The agricultural interest has
also improved. Farms are in better condition
than ever before, there are fewer mortgages
and farmers are more contented
All this is directly to the benefit of Pittsburg.
City and country are so intimately associated
that disaster to either will be felt by the other.
With prosperity all around, as well as at home,
there is danger of a collapse. In fact, such
a thing is impossible under existing conditions.
The spring must fail before the brook goes
dry.
Business News and Gossip.
It is expected that the work of grading Cali
fornia avenue will begin in short time. Citi-
zens of the valley are anxious to have the
thoroughtare opened.
A tract of land of about 80 acres, situated
near the Swissvale machine works, is on the
market at 5000 an acre. There is good de-
mand for lots in that locality.
The Youngstown Bridge Company of
Youngstown, has received a contract to build a
s35 900 bridge over the Ohio river at Wheeling.
John D. Bailey sold Is 5shares Allegheny Sus-
pension bridge stock ate6
The Pittsburg correspondent of the Southern
Lumbernadn truthfully says: Never before
has the trade in Western Pennsylvania looked
so thoroughly encouraging as at present. The
building operations in view and in progress are
far greater than we have ever had before, and
the greatly increased manufacturing interests
of this city have made it necessary to add to
the resident portions to such an extent that it
is almost impossible to get material and work.
men to complete jobs in specified time"
FindIay, O.. capitalists are negotiating for the
purchase Of the Panhandle Window Glass
Factory at weIlsburg, w. Va It has been idle
for several years.
The largest mortgage put on record yesterday
was for $4,000 There were IS in all. Fifteen
were for purchase money.
The fact that real estate brokers are fire.
ouently seen In the suburbs seven or eight
miles from the city as early as o'clock in the
morning, shows that something is going on.
During the first four months of the present
shipped from Pool No. 8 of the Monongahela
river. The previous year. 1889, $685. 900 bushels
were mined and shipped from the same pool
during the same first four months, making an
increase in favor of the present year of 1876 6OO
A month or SO ago II was mentioned in THE
DISPATCH that site had been secured in Al
legheny, through Algeo Brothers, for a large
fat. The project will probably go through as
1t has the support of several wealthy gentle
men, Since that announcement another deal
for the same purpose has taken place, and
there will probably be two buildings of the
kind mentioned put up this season. They will
be seven and nine stories high If present plans
are carried out
Commercial National Bank stock is stronger,
on the supposition that the Jr1y dividend will
he increased from 4 to per cent.
Rea Bros & Co. sold 80 shares Westinghouse
Electric at 81.
The Nora Oil Company has been organized to
develop territory. They have purchased in the
CHARTERS field. James w. Drape is President;
]. D. Glover, Vice President; ]. c. Mckee,
Secretary and Treasurer. and N. W. Steven
son. Manager and Superintendent.
Movements In Real Estate.
There was good inquiry for property yes
terday The demand for building lots is as
great as ever. Progress was reported on sew.
eral deals that have been hanging fire. Sales
closed up as follows:
Balteusperger & Williams sold for Robert
Dawson to Mrs Elisabeth Knipschild one six
room and two four room frame houses with
lot 50xl4O. situated on Brownsville avenue, near
the Knox school, for a price approximating
5000 cash.
T. O. Frazier sold new modern frame
dwelling of five rooms. ETC., with lot 2lx100 feet
to a 2ofoot alley, situate on the north side of
HoyJey avenue, near Thirty-ninth street, Six
teenth ward. to Mrs. Mary A. Barker, for s., 800
cash.
RIaek & Baird sold for T. A. Orr to Mira
isabella Smeigh lot 6s in Mcfarland Placs
plan. having frontage of A feet on the west
side of Summerlea street and extending back
60 2ufoot alley. 100 feet, for 81, $50 cash.
Reed b. Coyle & Co. sold to c. c. Veatch |
lot in Marion Place plan. fronting 20 feet ON |
Sylvan avenue by LIS feet to an alley, for $500.
Allies & Bailey sold to c. C. Hughes, e4 Elm |
street, being brick dwelling of six rooms ETC.,
lot 2l-foot frontage Elm by "a feet for 81 COO
James w. Drape Co. sold house of seven
rooms. with lot 60xlo0 feet, on Baum street
near Liberty avenue, East End, for s6, $50 cash;
also house OF six rooms and lot 221l00 feet in
Allegheny city. near Fulton street for sS, 200 |
cash; also placed mortgage of 5000 at ~ per
cent on q residence property at Shady Side;
also mortgage of 81, 900 at per cent on resi-
dence and lot at Homewood; also two mort |
cages of q. 500 At per cent on suburban prop |
erty; also four mortgages of S. 200 on McKees- |
port houses and lots at per cent. /