Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-15
A SECRET NO LONGER.
Names of the Men Said to be Behind
the Big Parnassus Gobble.
ANOTHER PICKUpON PENN AVENUE
Half Hundred Thousand Exchanged for
Land in the Twenty-Second Ward.
MOVEMENTS AT NORTH JEANETTE


The big deal at Parnassus was the "talk
of the town" all week. Everybody recog.
nized its Importance as the germ of another
feeder to Pittsburg. The composition of the
syndicate was also discussed, and more
guessing was hazarded as to the names oi
the gentlemen composing it. but none hit the
mark. This secret is now divulged in
The DISPATCH. On unimpeachable au-
thority it can be stated that the syndicate is
composed of 81. c. Frick, B. Rafferty,, j.
c. Mckinley, h. Sellers Mckee, and one OF
two others equally prominent, but who pre-
fer remaining in the background little
| longer. The purchases aggregate 700 acres and
the leases 5000, involving sl,oO0.oOO or more.
| A prominent glass manufac urer looked over
the grounds yesterday, and was highly i'm
| pressed with its manifold advantages for man
| ufacturing purposes. On Friday two Western
| gentlemen, interested in iron specialties, took
a run up to Parnassus and examined the tract.
They were SO well pleased that they will prob
| ably locate there.
| New Ideas on the Southside.
The Birmingham Land Improvement Com
pany, of the Southside, composed of a number
of leading business and professional gentle
men, with a capital of Sl00 900. whose organiza.
tion was referred to in THE DISPATCH short
time ago, has purchased tract of so acres,
conveniently situated, which it will cut up into
lots and put on the market Surveyors are at
work plotting the tract, and will finish the
work in about two weeks.
committee of the company recently visited
Pullman and other model towns in the " est,
and will utilize some of the ideas thus acquired
and which are new to this part of the country.
Another Twenty.Second Ward GobbIe.
Mr.. Thomas Lggett has about concluded a
S55, 600 deal in the Twenty-second ward. The
property consists of about eight acres with a
substantial residence. 1t will be improved and
occupied by the purchaser, who Is a prominent
IRON manufacturer.
The syndicate whose operations in this ward
were narrated at length in THE DISPATCH a
few days ago have secured about all the land
which they set out to gobble, and will probably
call a halt this week. What they have done In
the last few days will be given to the public in
a short time.
Improvements at North Jeauuette.
Work on the Dithridge glass plant at North
Jeanette is proceeding rapidly. The founda-
tions Of the immense building are almost ready
for the bricklayers. The Pennsylvania Rail-
road has completed the sidings and is carrying
material directly to tie works. The contract
calls for the completion Of the plant by August
Is. the beginning of next seasons fire.
The Fort Pitt Land Company has had its
property, consisting of over 100 acres, divided
into about 800 lots, surveyed, and streets laid
out and named. The outlook for the big sale
on the grounds on Saturday, June q, BY Bax-
ter, Thompson & Co., is very promising judg
ing from the large number of inquiries re-
ceived by this firm.
Picked Up on Penn Avenue.
Progress was reported in several large deals
in real estate yesterday-one for $4,000 but for
obvious reasons particulars cannot be given
until they go through. The big one will be
ripe by tomorrow. Black & Baird sold prop
erty on Penn avenue, near Fifth street, lot
23xl60 with three-story brick building for
$4,000. Papers will pass tomorrow, when de-
tails will be In order This is the fourth or
fifth sale made by this firm In the same neigh
borhood within few weeks.
They report better demand for Penn ave-
nue. property than in any previous summer
since they have been in business.
$50
Business New. and GOSSIP.
=
ings, the cost of which is figured at Sl0S.925.
Mortgages put on record yesterday numbered
25, of which the most important was for $40 900.
Six were for purchase money.
Andrew Caster sold 81 600 Central Traction
5s at l06 and interest, and a lot of Electric at
SsI.
The plans for the bridges OF the Wheeling
Bridge Company across the Ohio river at
have been completed by the en-
gineers Ferris and kaufman, of Pittsburg.
The total length of the structure will be 1889
feet.
The Utah National Bank, Salt Lake City. has
been authorized to commence business. The
capital is 100000. Joseph M. Stout is Presi.
dent.
whitney & Stephenson sold 90 shares Wheel
ing Gas at 201S.
Easy money everywhere and dull stock
market are somewhat hard to reconcile The
trouble seems to be that spectators are al
ready carrying more than they can manage to
advantage.
A new and handsome bank building will be |
added to the architectural ornaments of the
East End before the year is rung out It will |
be located on Penn avenue.
1t is understood that the $4,000 standing bid |
Tor the Collins and Wright property on Second |
avenue is by the Equitable Insurance Com
pany.
Captain Vandergrift is not rushing work on
MS new building to be on Fourth avenue. 1t is
'aId he is waiting to capture the Fitzsimmons
property adjoining.
Movements In Real Estate.
Real estate brokers reported business good
asst week-the best ineed, for the season
within the recollection of most of them. The
inquiry was for all kinds of property. The
most important transactions were in acreage
Values were firm. Sales consummated yester.
lay are appended:
Kelley q Rogers sold to Henry Schusler the
property on the northwest corner of Penn ave.
hue and st. Clair streets for sl07 $50. The same
property sold six months ago for 81, $50. They
also sold for r. Richard to M. Upstill house
and lot on Achille street. Twenty-frst ward.
TOR u, ,6OO cash; also three lots in the J. O. Dick
plan, on Rebecca street, for $1,000.
Charles Somers & Co. sold q property on
Water street, two brick dwellings, with lot
I5K60, TO Penn avenue business man for IS. 500:
lIso sold for Dean Whitly to O. W. Fleming
OTIS Nos. Is and 20 in Fleming Park, Pittsburg
Ind Lake Erie Railroad, each fronting rs feet
IN Ohio avenue and in depth lbs feet to an
Illey, for $500; also sold for 7. A. Hancock to
II