Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-16
A WOOD STREET DEAL
Fifty Thousand Paid for a Lot on
Which to Build a Fine House.
COUNTY PROPERTY STILL UEsOLD.
A Nan Who Ought to Know Says Central
Cars Will Start Tuesday Night.
TALK ABOUT TIE EXCHANGE BUILDING

AAAh Adult 1dE bAGdAN6E DU1ADANU
There was an active movement all along
the real estate line yesterday. but the event
of most importance that was permitted to
reach the surface was the sale by Charles
Somers 8 Co., for the Woods estate, of the
property corner of Wood and Water streets,
having frontage nf so feet on Water street
and so feet on Wood street, with three-story
brick building, for $4,000.
The purchasers, Messrs. J. & G. McCune, will
erect hne eight-story building on the lot the
coming season.
About two months ago THE DISPATCH
noted the sale Of large tract of land from the
Baum estate to Mellon Bros Since then the
ground has been plotted, making frontage Of
"a fine large building lots on the northwest side
OF Negley avenue. Twelve Of them have al
ready been sold, Of which fact this is the first
mention. This shows how rapidly fine resi-
dence sites are being picked up. The restric-
tion requires at least . 5000 dwelling TO be
erected on each lot, Of brick or stone, and set
back 80 feet
Friends and prospective patrons of the Gen.
tral Traction Railway need not be discouraged
over the delay in starting the cars There is
hope for them yet. At the of1ce Of Whitney d
Stephenson it was learned Yesterday that the
prospect is favorable for the commencement Of
operations Tuesday evening next, and possibly
Monday. The informant said: "The acci-
dent to the track has been repaired and other
difficulties removed.
THE Superintendent informed me to-day
that he knew of no reason why start should
be delayed longer than Tuesday evening, and
possibly sooner. The cable could be run to-
morrow night, sbut the company objects to
christening its enterprise on the Sabbath,
From the best information can get 1t Is
pretty safe to say that cars will be running not
later than next Tuesday night"
&a&
There was a small attendance-notm more than
eight or ten-at the adjourned auction sale Of
the county buildings, at the Court House, yes
terday afternoon. Major Pentecost oficiated
as on the former occasion. Captain William
Ward and Charles a. Humbert were the only
bidders. The sale was again adjourned on q
bid by Mr.. Humbert of S29, 500 for the lower
building. There were no offers for the other.
Another attempt to sell the property will be
made at the same place and time next SAtur-
day.
A number Of the 800 members of the Pitts
burg Petroleum, Stock and Metal Exchange
were surprised yesterday to learn that they
were about to sell their fine building, and trans
fer their business to back street. Such talk
has beer heard quite frequently for a year or
two, but nothing has come of it. There is no
more probability now of selling the property
than there was year ago. This view was cor.
yesterday by prominent member Of
the Exchange. He said:
~ have made no canvass of the members. but
do not hesitate to say that the majority of them
are opposed to parting with the
property. 1t is not only good place in which
to do business but it is a rallying point for
friends and acquaintance If it were sold the
boys would scatter and old associations be
broken up. Besides it is cheap. costing only
$50 q year. Many of the members have no |
Of1ces. If the building were sold they would |
have to rent Offices or quit business Where |
can man get an Office for $50 yearf This |
alone will cause them to hold on /
20 the property. Besides. to sell now would be
BAD financiering. Property on Fourth avenue
s scarce and advancing.
I'VE have been offered something over s.. 900
! foot front, but in Eve years or less time we
;an get 81, ,0O0 There is no better location on
he avenue, and the property will get the full
benefit of every advance. Another thing, the
is out of debt and has . considerA-
,umstances and conditions talk Of selling at
present is all bosh."
1t is impossible to satisfy some people. How.
'ver clear the sky they will insist that there is
! cloud somewhere. In the midst Of peace and
they loudly proclaim that the coun-
ry is going to the dogs. They never tire of
Iarading the fact that, in some respects, the
Incients were superior to the people
Il this age. 1t may be conceded
hat in architecture and sculpture the
ireeks have neveI been surpassed But this
covers only q small space in the
road field Of human effort. The Greeks and
he Romans the most cultivated people of
knew very little about art. The
most af1uent citizens Of Athens were sur.
ounded by fewer accessories of easy existence
han are within reach Of the commonest day
aborer in Pittsburg.
We copy some of the beautiful forms of
Hellenic architecture, but we add to our build
ngs the results of ages of scientific progress.
n heating, lighting, draining, ventilation, the
levator, modes of travelling and other devices
hat promote comfort and prolong life, more
rogress has been made in the last 100 years
han was achieved in all preceding ages. Facts
isprove the pessimistic doctrine that the
Torld is swinging back to barbarism. Man is
lArching onward and upward in obedience to
be changeless law which brought him into
xistence and directs his movements.
A Pittsburg coal operator, who has Just re!
1rned from q business trip to Tennessee. saws
be coal supply in that State is practically in.
xhaustible- There are more than 5000 square
tiles of coal land within easy reach OF the Ten
essee and Clinch rivers. Although inferior
or manufacturing purposes to the Pennsylvs-
la product, it is Of good quality. The princi-
al market for it is in the South, but consld-
BILE quantities are sent North, to Denver Chi
ago and New York. Coal and coke shipped
'st year from the territory in question
mounted to about 2 600 900 tons.
He thinks slack-water navigation on the Ten.
essee, Clinch and Powell rivers would increase
le output to 100000 or 40 0OO, 600 tons, about
per cent Of the output of the Pennsylvania
lines.