Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-15
A THREE YEARS. RUN.
Remarkable Record of Furnace c OF
the Edgar Thomson Works.
MR.. CARNEGIE'S HOPES REALIZED.
Allegheny City Abreast of the Times in
the Way of Improvement.
ENCOURAGING TALK IN WALL STREET

Furnace C, of the Edgar Thomson Steel
Works, Braddock, after a three years run
blowed out on Saturday for refining. This
was the longest run ever made by any iur-
mace at these works. The production for
three years was 203, 900 tons. The output OF
the furnaces still in blast last week exceeded
], 300 tons daily. Furnace is expected to
be in operation in June, after which the out
put of steel rails will not be less than 800
tons daily. A few days ago Mr.. Carnegie tele-
graphed Manager Schwab that he aimed at
l40O tons daily for this year. There is now no
doubt that this estimate will be exceeded by at
least 100 tons.
Prtsburg's big and handsome neighbor,
which stretches along the opposite bank OF the
Allegheny river for several miles, is improving
far more rapidly than most people think. Ihe
modesty of Allegheny Citypeople is proverbial.
This is evidence of true worth. which always
finds recognition sooner or later. The city IS
expanding in all directions Houses are gong
up everywhere streets are being opened and
improved, electrlcsand cable roads are being
extended up and down and crosswise, constl-
tuting perfect system of rapid transit-and
yet the people say nothing, and outsiders IN
quest of such information have TO obtain it the
know them"
The rapid growth of Allegheny City is not
surprising. Her advantages both natural and
artificial are many and varied. Public and
private improvements will favorably compare
with those in any other city. Always desira-
BILE place for residence. improvements in pro-
gress and contemplated will largely increase its
popularity and attract population, not only
from Pittsburg, but surrounding towns. Pros
perity is not circumscribed; it is witnessed IN
every part of the city. The old Manchester
district has undergone such changes as make II
look like new town. 1t abounds in handsome
residences and well-kept grounds. The hill
district is another bright spot. A large amount
of building will be done there this year. Even
in those parts of the Second ward where stag
nation prevailed for years there has sprung up
quite demand for building sites, ten of which
near the old drove Yards, have been sold by
Samuel W. Black & Co.. within the last two
months at an average price of $40 foot front.
The syndicate lately organized to buy up
property on Ohio street is not setting the city
on fire. The members are proyokingly reticent
in regard to their operations. 1t is known that
they have picked up few pieces of property
here and there, but nothing important has yet
fallen into their clutches, and SO faT as can be
learned there has been no material advance in
values.
The following was wired to. Sproul & Lau-
renee from New York: Mr. P. D. Armour says
he is great bull on everything and that this is
going TO be bull year for all sorts of produc-
ers. Farmers are going to have their inning,
and even the Wall street bear will soon have to
work for a living. On every hand are evil
dences of coming prosperity for producers.
manufacturers and merchants. Low prices for
wheat and provisions are things of the past
Pork on its merits is worth Sl5 barrel. Every
thing is promising and the very snugness of
money is evidence of intense business activity
Whitney & Stephenson received the follow
ing: The talk over Sunday was somewhat more
hopeful. There are important negotiations on
foot looking to a speedy settlement of the
Northwest and Western railroads rate war. 1t
is generally conceded that matters may not
have progressed quite as far as intimated by
Mr.. Russell Sage hut those who are best in
formed on the subject insist that the situation
will show marked improvement presently.
Members of the Vanderbilt family expressed
the emphatic opinion that the existing difficult
ties would speedily terminate.