Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-04
ALMOST A PROPHET.
A Prediction Concerning an East End
Locality Coming True.
HOW TO SPLIT A GRINDSTONE.
Home Stocks and Petroleum Just About
Keep Their Heads Above Water.
THE NEWS AND GOSSIP OF THE TOWN

A few months ago q communication from
q prominent gentleman in the East End ap-
peared in THE DISPATCH, calling atten-
tion to the district of which Negley avenue
is the center, and predicting that the drift
of improvement would soon turn that way.
Recent movements in that locality show
that he came very near the mark.
Several deals out there recently are OF
more than usual significance as fixing in
some degree the standard of value and show
ing an active demand for property in one of
finest portions of the city. One of the trans
actions referred to was the sale of No. 5643
Penn avenue, lot 53x140 through to Kirkwood
street. for 0750 cash, or over $500 foot front.
Another lot somewhat larger brought about
$40 foot.
1t is understood that options have been
secuted on several properties not far from those
in question at still higher figures.
How to Split n Grindstone.
workman was trying to split grindstone
and spoiled IL, which caused bystander, who
seemed well up in the business. to say: Had
he turned o deep groove IN the stone before 1t
was removed from its former hanging he would
have had no trouble. The groove should be
three 10C0ek deep, anu LuIce-lOuEtuS VI AL IuCu
wide outside tapering to as narrow a line as
possible to be made at the bottom. This groove
done, the shaft and collars to be removed and
the groove driven full of dry pine wedges. Put
them in carefully, all equally tight Throw
the stone into the water, let it lie over night
and it will split nicely"
Business News and Gossip.
Very little Eastern money has been invested
in Pittsbu-g realty, this year home capital
being sufficient to keep things moving.
Three Pittsburg capitalists have Just pur-
chased so acres of land in the Western edge of
Chicago, which they will subdIvide, making
800 lots. They think there is big money in the
deal.
OF 81 mortgages reported yesterday, the
largest was for 81, 900. Eleven were for pur-
chase money.
Williamsburg and Edgewood people are COM
planning of the quality of the water supplied
by the Pennsylvania Water Company. 1t is
muddy and has a disagreeable taste The res
ervoir has not been lined.
1t was again rumored yesterday that Captain
Vandergrift was dickering for the FftzsImmons
property on Fourth avenue. Several brokers
were spoken to about it, but they professed ig-
norance of the facts One Of them remarked:
II wish he would buy it. He would make it
credit to the avenue"
r. Jennings, of Bradvs Bend, a prominent
oil producer, is in the city.
Country bankers are bidding for city paper.
showing the high standing of Pittsburg busi-
ness men where real worth is supposed to be the
sole rule of action. This recognition is gratify-
ing to local PRIDE but so far it has failed to Sc
cure much of the coveted paper.
Norman Robinson and S. s. Pinkerton are in
xuiId of
A national bank has been authorized at
North Wales, Pa. with capital Of 5000
Henry r. Swartley Is the president.
The dressed beef rate, Chicago to Boston,
has been reduced from 4S to 45 cents on &C.
count of the alleged cutting of rates by the
Canadian Pacific.
Movements in Renl Esfnfe.
There was considerable gossip among real
estate brokers yesterday, but they allowed
very little news to get away from them. Sales
reported were:
L. o. Frazier sold for William velte new
frame dwelling of five rooms, ETC., with lot
24xl63 feet, situate on the east side of Gross
street, near Cypress, Twentieth ward, to the
Iron City Homestead Loan and Trust Com
pany for s.. 200.
Reed B. Coyle & Co. sold to M. d. Young
three lots in Marion place plan, Nos. 194, 1876
and 1856, having frontage of rs feet on Parnell
street by from 100 to I'll feet in depth, for $780,
Black & Baird sold to Wilhelm West lot
situated on Madison avenue, in the Elizabeth
Heron plan of lots, Thirteenth ward, city, 2Sx
1Ol feet, and extending back to an alley, for
$500 w. Wesel was the purchaser.
Charles Somers & Co. sold for Dean & Whit
tey to Annie Woernle four lots in Fleming
Park plan, Pittsburg and Lake Erie Railroad,