Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-07
AS TO FAIR VALUES.
Moderation on the Part of Owners
Necessary to an Active Market.
SLOW ENHANCEMENT A GOOD SIGN.
Spectators Assemble and Go Through the
Usual Monotonous Routine.
RAPID DESTRUCTION OF THE FORESTS

parently beginning to see the folly OF hold
ing out for fancy prices. This is sensible.
Nothing has so depressing an effect upon
this great interest as extravagant values.
They drive buyers out OF the market and
obstruct business. Whenever an owner
conceives the idea that he can get anything
he asks, he makes mistake and stands in
his own light.
1t takes at least two to make a bargain.
Buyers will not be coerced. Ifprices in the
East End do not meet their views they can
go to the Southslde or down the Fort Wayne
| Railroad. There is an abundance of available
| land in large or small parcels in each OF those
| districts. Onthe other hand if Southsiders or
| West Enders feel that they are being squeezed
they can transfer their operations to the East
End. There is too much unimproved land in
and around the city for owners in any particu-
lar district to put on airs as if buyers were
under obligations to come to them. The com
plete recognition of this fact will be the making
of the market 1t will insure permanent actiV-
| ity and stable values.
OF course intelligent buyers are aware that
prices will strengthen as the city grows in pop
| ulation and business This is as much in their
| favor as that of the owners Fixing OF values
would indicate that the city had attained its
full growth and an end of developmept-a con-
dition that would soon put an end to dealing in
lands and houses. Fair prices and steady ap-
probation, therefore, are evidences of strength
and an incitement to activity.
Vandalism in the Woods.
The question of forestry is one of wide in
terest to those who have given the subject
thoughtful consideration; but the uninitiated
have but little idea of the great destruction of
forests on this continent which has been going
on for years by lumbermen, and by fires which
frequently follow in their wake. Mr., William
Little recently addressed printed letter to the
President and Council of the Montreal Board
of Trade the forestry interests of Canada
which is an elaborate and forcible plea against
the rapid destruction of our timber which has
been going on for many years. The facts pre-
sented by the writer of the letter in question,
bearing upon the reckless cutting of timber in
the United States, are positively aston nding.
de asserts that the present annual production
of sawed lumber in the United States would
load train of cars 5000 miles long, or long
enough to encircle the earth, and adds: ~
fancy some will be surprised at such figures;
but it is figures like these that force all who
will reflect on the matter to use expressive ad-
jectives whenever treating of its importance;
but this sawed lumber is only small part of
forest freight there are still all other forest
products; and when we add timber for railway
and fencing, mining and export, round and
hewed timber, we have our train loaded 72 900
miles; and if to this we then add the fire wood,
etc., amounting alone to 2160O0 miles. we have
a total train of 2Ss 600 miles in length, more
than enough to reach from the earth to the
moon, still leaving our lumber train encircling
the earth. with q, 900 miles of train to spare"
The whole of these timber products handled
annually by the American workmen not only
shows what mighty weapon is the Ak in the
hands of the skillful chopper. but leaves all
other agencies-whether OF fire, flood, or tenn |
pest-so completely in the rear. that in the race
of destruction they may be SAID to be practi- |
caIly nowhere. |
Business News aud Gossip.
The Council of Brushton borough has passed
an ordinance requiring all property owners to
lay board walks within 20 days. This is of |
interest to city people who have been buying |
out there.
Intending buyers of real estate should make |
their deals now. They will gain nothing by |
waiting. The prosperity of the city is such |
that prices are gradually hardening.
The habit of some property owners of placing |
selling orders with several agents frequently |
leads to trouble, and is in no case satisfactory
to all concerned. An agent with an exclusive |
order will do more for his patron than If he |
knew others were handling the same property.
Twenty-eighr mortgages were on file for
record yesterday. The most important was for
S150, 600, given by the Mercantile Library Hall |
Company to the Union Transfer and Trust
Company. The next largest was for $4,000,
given by the Sellers Chapel M. E. Church of
Braddock to the Dollar Savings Bank. Nine
were for purchase money.
Although this is what passes for the dull sea- |
son, the appearance of the streets differs but
little from that of the spring or fall. They are
full of business.
The big piano factory at Mendelssohn is ap-
preaching completion very fast 1t will be
ready for business by October. Five hundred
men and boys will be employed.
The well of the East End Electric Company.
near Penn and Euclid avenues, is down between
|, 600 and 1000 feet. The sand is said to be fa-
rorable to q good producer.
John b. Larkin left the city yesterday morning
Tor Chicago to fix up deed In real estate for
Pittsburg parties.
The stone work Of the Ferguson building on
Third avenue has been finished. Work on the
'uperstructure will commence at once.
The Dollar Savings Fund and Trust Com
,any of Allegheny, commenced business YES
;erday at No. 43 North Diamond street.
A meeting of the stockholders of the Pitts.
,urg Allegheny and Manchester Traction
Company will be held September 80 for the
purpose of voting for or against the creation of
IN indebtedness for the company.
All railroad lines have agreed to advance
AXE and rail rates between Chicago and the
eaboard.
An expert says of silver speculation: II
hink silver will ultimately rule higher, but the
.dvance has been rapid that the present
eaction was but natural, and that conditions
laving changed from export to import the de-
nand is lessened."
Movements In Real Estate.