Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-22
WORDS OF WARNING.
A Man Who Has Been There Thinks
the Bulge in Chicago Realty Will
WIND UP In A GENERAL SMASRUP
Petroleum Loses Its Grip and Goes Fur.
ther From the Dollar Line.
THE NEWS AND GOSSIP OF THE CITY

Chicago had better go slow. These words
of warning were spoken by Fourth avenue
real estate broker yesterday, who, in ex-
planation of them, said: 'There Is danger
that the Worlds Fair will start real estate
craze in the Windy City which will end In
as great o smashup as that which prostrated
Southern California two or three years ago.
Spectators are pouring in there from eli
quarters and buying or securing options Oh
everything within reach. Prices have already
advanced at least g5 ief cent, ana they are still
going ub. | was there last week and made
several investments for Plttsbufg parties, and
slsv OH my ewh account. saw enough 10 e6hs
vince me that The city viii be eVefseld within
the BeEt yeaf OF i've,
~ do not ieek for a reaction until after the
faifj but " u sure 10 e6ife ana eaten great
#aHF people mapping have no d6HBt thst
large profits will be realised by these Whe in
Vest new, u they make the turn IN timei but u
they walt toe long they will be sdaeesed The
height Of the bulge will probably be reached
toward thA close Of Best year or the beginning
Of the year following, In my judgment that
VIII be the time 60 sell, and have 30 advised
my clients"
As mentioned IN THE DISPATCH OF Sunday,
eral deals nf considerable magnitude In Chicago
realty, In which the profits were large, In one
case amounting TO sl00 900. One NJ tho gentle-
men interested In this transaction is Q promi.
nent pork packer. As no Pittsburg money Is
being permanently invested IN Chicago, there
10 reason TO believe IL will all ultimately ind
It's way paok 70 TINS CITY
Business News and Gossip.
The tract OF land, ~ acres sold by Reed b.
Coyle a Co., in the Twenry-third ward for soS-
600, will be laid out In lots and put on tho mar
ket within the next two weeks.
Property In Sewickley Ia looking up One or
two big deals are on the string there, and will
probably go through in n few days.
The largest mortgage recorded yesterday was
for s., 500 There were 20 others ranging from
81, QUO to $500 Five were for purchase money.
The Edgewood road one of the worst in the
county. Is being improved It was n terror TO
teamstcrs last winter.
Edgewood borough authorities have about
a., -, ~. ao.t 80. a.-,,,,.' - - -.
been offered an acre Of ground AZ a price an
proximating 5000.
An offer OF $500 foot front has been made
for the lot on the corner of Wood street and
Penn avenue. wiIkinsburp. II ia sad To he
wanted for hotel
Persons having books or certificates of de.
posit in the lawrence Bank sbopld hand or
send them to the Fidelity Title and Trnst Com.
pany at once SO that a Statement car he made
The story about a local building enterprise
involving 200 houses, modelled after some re.
Gently constructed in Paris is all right. except
that credit is given to the wrong person. 1t is
understood that Mr. Carnegie has something
similar in view but the project in question is
the work of quite another gentleman.
If talk is worth anything, 1t is safe to say
that the third stock call will soon be abolished
Opinion among the brokers is turning that
way.
The Chautauqua Lake Ice Company has
called special meeting Of the stockholders for |
Thursday July II, for the purpose of voting for |
or against an increase of the capital stock.
Bonds are slow sale since the revival of spec |
ulation in New York and Chicago.
Something is going ON at Jeanette. Messrs.
Baxter d Hopkins. both real estate busters,
went up there yesterday to see about it
Movements in Rcni Estate.
Some effort was made yesterday to OBTAIN
opinions OF real estate brokers as to the condi-
tion Of the market. They were all hopeful, il
not red-headed, and reported q good inquiry
and fair business to show for it. They all
apreed that the Outiook \