Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-11
HE MADE THE RIFLE.
T. D. Messler Succeeds in Securing a
FoothOld on Smithfeld Street.
ANOTHER BIG DEAL CLOSED UP.
The Old Story of Scarcity of Business
Property Going the Rounds.
A CANARD OUT OF WHOLE CLOTH

Another real estate mystery was unraVeleo
yesterday by Black s. Baird. A month or
so ago it was reported they had sold Nos.
All and Alb Smithfeld street, two three
story brick buildings and lot 4Oxoo to
Thomas D. Messler, of the Pennsylvania
Railroad, for $4,000. This was an error
both as to purchaser and price. But the
coupling of his name with the transaction
induced Mr.. Messler to examine the prop
erty, and being convinced that it was good
investment he concluded to make the pur-
chase, paying $72,5O0 or S1,s12 so foot
front. The deal was closed up and the deed
passed yesterday. He will make extensive i'm
provements after the expiration of the present
leases, which have three years to run.
Scarcely had the above facts been secured
when the report was encountered to the enect
that Samuel W. Black & Co. had closed the
sale of downtown business property for s6O,-
600. The firm admitted having made the deal,
but refused to give particulars at present.
~ see from the reports of the clearing houses
of the country that Baltimore put us in the hole
again last week." remarked Fourth avenue
bank officer yesterday. He added: "baltlmore
has been dong an immense grain trade Tor
some time. but I think the bulk Of it is over,
and that from this time on Pittsburg will out
rank her. When it comes to regular business
there is no question of our superiority. We
have distanced Cincinnati, will soon lead Balti-
more. and will then give st. Louis race. We
are alive and kicking"
The story started about year ago OF
famine in business sites in Pittsburg Is still
going the rounds. 1t was encountered Few
days ago in Baltimore publication. 1t was
denied at the time, but that didn't prevent
would-be rivals of this great industrial city
from using it for all it was worth; and it is still
doing duty to divert capital from this to other
localities.
There is no scarcity of business sites in Pitts
burg nor will there be for years to come, and
all statements to the contrary are false, mis-
leading and injurious to the city. This class OF
property is abundant in every ward and on
almost every street. 1t abounds in the very
heart of the city. while the suburbs are full OF
il. Penn and Fifth avenue extension are lined
with choice business sites. They abound in the
First ward, and range in price from $1,000 to
81, 500 foot front. West of Wood to Ferry
they are rated about the same. On Water
street from Sixth to Wood they are held at
sl,5OO to sl,sO0 foot. and from Wood, on
Water. to Ferry, at 81, 200 to 81, ,5O0
AS Inese are All CuolCc ioCdlioho, bho PAASSo
named are very reasonable. The lots fronting
on Water street are very deep.
Directors of the Sixth Street Suspension
Bridge will hold a meeting next week to con-
slider propositions of the Pittsburg, Allegheny
and Manchester Railway Company. One of the
directors said yesterday that it had been about
settled that the present structure could not be
adapted to railway and other travel, and would
undoubtedly be torn down. The gentleman
thought the fate of the venerable structure
would be practically decided at the meeting
next week.
Judge Blodgett, sitting in the United States
Circuit Court at Chicago, has decided in a case
brought by The Consolidated Roller Mill Com
pany versus The Barnard & Leas Manufacture
ing Company, that the roller process patents
mainly relied upon by the Consolidated Com
pany, being those of Gray, Odell and Bierk-
holz, could only be sustained for such special
devices as they covered, and that the inventors
entered the field at SO late date that they
were not entitled to have the doctrine Of
equivalents enforced in their behalf. The de-
cision will relieve large number of millers
from the fear of suits for infringement.
The Philadelphia Stock Exchange has elected
the following officers: President, Bushroa w.
Adams; Secretary. J. G. johnson; Chairman,
Thomas G. knight; Vice Chairman, William ].
Morris; Governors ito serve three years), n.
F. Bachman, Abraham Barker. George 9. Fox,
George A. Huhn, R. NJ. Janney, w. ]. Peale,
H. L. Townsend, II. H. Lee.