Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-15
VIEWS OF EXPERTS.
They Report an Unusually Active
Demand for Small Properties.
A SLY HINT TO TIE LANDLORDS.
Business Men Think the Point Will Soon
Get Entirely Out of the Rut.
A PITTSBURG DEAL IN NEW ORLEANS

In regard to the movement in real estate
all the brokers on Fourth avenue concur IN
reporting brisk inquiry for small proper
ties and fair for large. Messrs. Heron q
Sons say: "MuddY streets in the East End
hurt renting and selling. Medium-siEed
houses are scarce. There is on that account
some danger of owners putting rents too
high and having empty houses"
No. 1S Wylie avenue, lot and three-story
brick dwelling and storeroom, changed own
ers yesterday for 81 5000 cash. The seller
was George N. Mouro, the well-knoWn at
torney. The purchaser, who desires to re-
main in the background, will improve the prop
erty, but the present tenant will remain In IL
wealthy Pittsburger who is in New
Orleans temporarily, has sent special commu-
nication to James W. Drape, urging him to go
down there and manage a real estate deal IN
the business part of the city, involving about
S250,000. Several Pittsburg capitalists are IN
terested in the transaction, the exact nature OF
which could not be ascertained, as secrecy was
said to be necessary to success. Mr. Drape in
timated yesterday that he would 90 to New
Orleans some time next week.
The advantages of what is known as the
Point district from a business point Of view
have always been recognized, and great mas
been the wonder of those who took only sur
face view that improvement in that part OF the
city has been so slow. This Is easily explained.
Property could not be bought. The Schenley
holding was not in the market, and other hold
ers demanded prices which even the boldest
capitalist regarded as extravagant. The result
is seen. Other parts of the city less favorablY
situated for business have undergone COM
plete transformation, while the Point has stood
still, OF retrograded.
There is a prospect that this condition OF
apathy in the very heart of the city VIII be
changed to one of activity before 1890 is rung
out The opening of the Schenley property to
purchase and improvement is long step in
this direction. II consider the opening Ut the
Schenley property to purchase almost equiVa-
lent to its donation to the city" remarked
Henry A Weaver yesterday. ut will soon be
bought up and covered with business houses
and factories, and present an appearance Of
thrift in strong contrast to its present aspectof
desolation" he added. Other real estate men
expressed similar views.
The work Of improvement has indeed, already
begun, and not on paper either. A Liberty
street produce merchant proposes to buy one Of
the Schenley lots as soon as possible and put
fine business house on it. A manufacturing
firm wants good slice of the Duquesne front.
The Allegheny County Light Company will
build. Other Improvements are talked of, but
are not sufficiently advanced to be given to the
public. The marketing of the Schenley prop
erty, and good deal besides, will largely in
crease the interest and movement in real es-
tate, not only at the Point but all over the city
and put a large amount of new business in the
hands Of the brokers.
The following bids were received few days
ago for an iron bridge at Warren, R. L 1t is to
have 136-foot wrought iron draw span: Berlin
Bridge Company, S6.959; Dean q Westbrook,
SlO,225 and $3.50; Pittsburg Bridge Company
$500; Pennsylvania Bridge Company, S7,45O;
Wrought Iron Bridge Company, 81, $50; Smith
Bridge Company. IS, $50 and s., $50; New Jersey
Iron Company, IS, 72l; Boston Bridge Company,
both structure and superstructure, SO, 408.
Since the bids were received modification of
the plans was taken under consideration, and
the award has not been made.
The following mechanical patents have ex-
pired, and they may be appropriated by anyone
so disposed: Fire plate for steam boilers, E
Boileau; pulley, c. Z. Moore; pipe cutting tool,
c. E Haynes; nail cutting machine, c. W,
Gledden; converting circular into reciprocating
motion, L Dame; composition for coating iron,
etc., F. J. Seybold; converting castiron articles
into steel, R. A. jackson; metallurgic gas fur
mace, d. Frank; reciprocating steam engine,
Simpson and Gardner: iron bridge, Hammond,
Adler and Abbott