Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-13
NOT FOR UNCLE SAM.
Mrs Sterritt's Proposition to Build
Him a Suitable POstOffice
ISVERY RESPECTFULLY DECLINED.
She Will Ornament Allegheny Diamond
With Handsome Structure.
,RY RESPECTFULLY DECLINED.
In REALTY AIRS BIS VIEWS

The item in The DISPATCH yesterday in
reference to the proposed Sterritt building
on the Diamond, in Allegheny, and the
probability that the first floor would be oc-
cupied BY the postofice. caused considerable
talk on Fourth avenue. A member OF the
firm of W. A. Heron & Sons threw con-
siderable light on the subject by saying:
1--WE are agents for Mrs. G. B. Sterritt,
owner of the property on Ohio and Diamond
streets, Allegheny, and can speak by the
card. A proposition was made to the Gov
ernment some three months ago for the lease
for five years of the first floor of the pro-
posed building for a postoffice, the structure
TO be put up to suit the department, but the
Government did not act on the proposition,
and it has since been withdrawn.
Mrs Sterritt will begin, about April 1. the
erection of ine tour-story building Of pressed
brick and red stone on the lot. and expects to
have it completed by September L It will be
one Of the most desirable and substantial
buildings in Allegheny. As for the postOfhce,
think it will remain for years to come in City
Hall, which is to be improved"
A weIl-known East Ender, who takes an
optimistic view of the real estate market, re
marked yesterday while dickering for lot in
the Heron Hill district: II am not a dealer,
or even a speculatOr. in real estate, but having
little else to do and some spare money some
times buy property, especially when 1 think
there is a bargain in it. I pay pretty close at
tention to the market, therefore, and think L
understand 1t as completely as the next man.
It looks to me to be in an excellent condition.
Prices have advanced considerably in the last
year or two. but mot more than the demand
justified The city is increasing so fast in popu-
lation and wealth. that we may reasonably ex-
pect still higher prices in the future
especially for fine residence and bust
ness sites in good locations. This will
be regulated by supply and demand, which is
the governing principle in all business affairs.
Taking everything into consideration-werk
and wages especially-property in and about
Pittsburg is very cheap, and it is comparative
ly easy for any industrious man to acquire a
home. Our greatest need just now is more
small houses to accommodate newcomers.
However, as capitalists are beginning to real
ize that there is money in this class OF build
ings, think the difficulty, or drawback, will
soon be overcome"
The new works of Messrs. Hubbard 4 Co.,
replacing those destroyed by fire some months
ago, have been completed and are in opera
tion. The company has transferred the ak
factory to Beaver Falls and will manufacture
nothing but hoes and shovels at their Sharps-
burg works. 1t is understood they recently re-
ceiVed large order of shoyels from Menco.
The recent freeze, instead Of improving
the country roads, made them worse, if that
were possible. Teams break through the thin
crust Of ice on top of the mud. and lit is almost
impossible to get them out. A valuable horse,
belonging to William Powers. of Swissvale,
fell through the crust into deep hole yester-
day, and had a leg broken. He was killed.
Work has been suspended on several dwellings
at Edgewood, owing to the refusal OF teamsters
to haul sand and lime. One man started from
Williamsburg with Is bushels of sand drawn by
eight horses but failed to reach his destination,
Facts such as these carry their own comment
The country roads should be improved in the
interest Of business.
oy
Several important changes in the manage
ment of rolling mills in the MShouing Valley
have Just gone into effect r. ]. Wick mana
ger of the Hubbard Iron Works, at Hubbard,
has resigned and removed to Lancaster where
he, with other capitalists will erect a rolling
mill W. F. Bonnell, manager OF the Trumbull
Iron Company's works at Girard, has sue
ceeded Mr.. Wick at Hubbard. W. F. Arms,
OF the warren Rolling Mill, is hlllng the va
cancy at the Girard, and James A. Campbell
has become manager of the Warren mill All
Of these gentlemen are well known in Pitts
burg iron circles.
A looker-on in the petroleum market says:
The crude petroleum speculation is still held
within narrow limits. 1t receives no attention
from the public. and the buyers of certificates
are men who believe that they see an opportun-
ity for investment Improvement ahead without
regard to temporary fluctuations or the oc-
casiOnal arrival of wells, which are badly need
ed to prevent the declining tendency of produc-
tion and dangerous reduction in stocks above
ground. The selling element continues to be
the professional skeptic on oil, or the producer
who anticipates his production while the fluid
is still below the surface
ANY advance in values from the recent basis
seems likely to rest upon legitimate, rather
than speculative. considerations, but # is not to
be overlooked that the short interest in Nation
al Transit certificates may accumulate unsus-
pected to point where its relation to the vol
ume of available certificates becomes of some
moment. To attempt TO fix upon the date when
there may be an awakening to the strong statis-
ucal features OF petroleum may be idle. But the
Certificate market shows decidad vitality