Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-07

as furnishing the best evidence in the world OF
! a stable market. which IS not liable to be
affected by either boom or depression. In my
judgment we will have nothing to fear so long
as we pursue conservative policy and avoid
extremes"
An Important Discovery.
An important find" is reported in Kansas
which may have an important bearing upon
one of the leading products of Pennsylvania.
Anthracite coal of high grade has been found
near the town of Alma, in the southern part OF
the State, at depth of about 1,9OO feet. The
discovery was made by means Of a diamond
drill, and the ''core" which was brought up
showed the vein to be workable seam nearly
six feet thick. A large shaft which has already
reached a depth of nearly 500 feet is being
sunk, and the prediction is made that before
many months the West will get its supply of
anthracite coal from Kansas, and become in a
measure Independent of the East in this re-
spect Should this expectation be realized,
prices in the East will no doubt seek a lower
level than they have occupied during the past
few years.
Business News and Gossip.
Messrs. Schuler & Hanes write that they
have completed their saw and planning mill at
the great Kanawha river, near its mouth. They
add that the town of Point Pleasant, W. Va,
is improving.
a correspondent at Nashville says the de-
mand for Southern iron is unusually active,
the furnaces having orders for fully 90 days
ahead.
Black Baird-We have never known a time
when tenants were more prompt in their pay
ments This is an evidence of good times.
Two thousand men-a few more or less-are
working on the Duquesne Traction road. Ma
terial has been del ivered on Penn avenue out
to the city line Co nsiderable track has been
laid on Forbes avenue.
Railroad earnings: Atchison's for March
show gain of S5lS, ,257. New York, Ontario
and Western, fourth week April, increase
s6769; month of April, increase Sl7,759. Lake
Erie and Western. fourth week. April, increase
sl0,099; month Of April. increase sl3.554 Rich
mond and Danville system, fourth week April,
increase SO. .375; month of April increase SS3 600
A A. Adams, A. H. Heisley and William Nc
Millen have been appointed liquidating trustees
of the Pittsburg Clay Pot Company.
Things were unusually quiet on Fourth ave-
nue. yesterday. Even rumors were scarce In
provement may be looked for, as storm always
follows a calm,
Three real estate brokers on Fourth avenue
were suffering from headache yesterday-and
they were not out late Monday night either.
Lots in Benton place, Allegheny. are selling
at from $500 to $500
Anderson d Beeckman, Lim.. sold 40 lots In
the Watkins plan. Wllmerding, during the
week ending yesterday.
Messrs. Strouse & Satler have purchased for
S12 200O, lot Forty-frst street, near the Allie
gheny Valley Railroad, upon which they will es-
tablish an extensive lumber yard.
frS
Movements In Real Estate.
reported yesterday:
Hamnett & Meredith, 102 Fourth avenue and
Williamsburg. sold lots LII, l2S and l29 plan No.
2 wilkins estate. Williamsburg, to s. P. Poor.
baugh for 81 $50.
Reed B. Coyle & Co., I3l Fourth avenue. sold
to N. W. Chambers lots Nos 81 and 63 in
Marion Place plan, being 40 feet front on Syl
van avenue and running back to 2O-foot ailey.
for $500 each.
Charles Somers & Co., BIB Wood street, sold
for James II. Aiken to William Werner lot No.
IL in Fairmount plan. having frontage of Is
feet on Fairmount avenue and depth of l52
feet, for $3.50. The purchaser intends erecting
neat residence thereon at once.
w. A. Heron Sons sold No. 179 Washing.
ton avenue Thirty-frst ward, lot 2Oxl25 feet.
Will mouse Ol uNo EOOmot 4OI u, lU CaSl. They
also sold No. A Marion street. Sixth ward.
city consisting of a seven-roomed brick house.
with lot 2Ox95 feet, for 81, $50 cash.
Black & Baird, 95 Fourth avenue, sold to
Samuel B. Forse lot No. in the Alta Land
Companys plan, Duquesne Heights, 20xlOO
feet on Virginia avenue, for S3lO on easy pay
ments. They also sold to Michael Flnnerty
lot on Wilmot street, Oakland. 23xlOO feet. ad.
joining Mr.. Finnerty's present property, for
S7OO, the purchaser being J. s. McCord.
Anderson & Beeekman, Linn, 80 Fourth
avenue, sold four more lots in the E. II. Wat.
kins plan at Wilmerding.
Thomas Nc Caffrey, 3509 Butler street, sold
to Strouse & Satler lot lS4 feet on Forty-tirst
street, near the Allegheny Valley Railroad.
with an old brick building, for sl2,0O0 also sold
for James K. Werner and ]. ]. Donnell to
Harry s. Kreusler. the contractor, the old car |
stables on Penn avenue, near Winebiddle ave- |
nue, for 81 600; also sold for Mrs. M. Schwartz |
to Bertha Schweneman new frame dwelling |
and lot on Gross street, near Liberty avenue. |
for S. 800; sold for John Kelley to Julius Sim |
erowski lot 25115x43 feet, corner Thirtyfourth |
and Charlotte streets, for $500 cash.
Allies & Bailey. 164 Fourth avenue sold for |
William Borman frame house of six rooms. |
porch side alley and lot 22x100 feet to an alley,
On Colwell street, near Jumonville street, to
Martin Kuehnle for 81 725.