Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-31

expenses for March, 1891, the sum Of S224,i
l9a 40 in excess OF capital and debt having
Deen paid out of earnings. The earnings for
s gear @ q yIom aha 1he sale OF gas e 70
sS9.967 55 being $l,4S7 73 less than last year,
notwithstanding the extensive field work
thls t past year and expenses incidental to
the flood of February, 1891.
Inc plant now embraces 20 producing gas
wells, l Oil well and 145 miles of pipe. Ad-
dltlons 20 the. plant were made during the
ture of $60,Sso SO for drilling new wells and
other field expenses, being over $4,000 less
tnan was expended for the same purposes IN
IN t9e previous year, and with better supply
pipe, etcy was transferred from abandoned
wells and lines and used in the new wells
ana Held lines. There still remains urisold
ana unlssued ed $6O, 600 Of the authorized capital
The advertisement of the Georgia Ala
pama Investment and Development Com
Phy Pahny appears in another column; l Lnose
ern states should peruse it.
Movements in Real Estate.
M. Hawley Son have sold about 40 lots
in East End districts in the last few weeks.
South street, Williamsburg, is being graded
and will be paved. This will enhance the
value of adjacent property.
=. L. Beeekman sold four lots in the Allie
quippa plan to 1. II. Aaron for $500.
Several prominent citizens are making ar
rangements to build in the Oliver Terrace
plan, Twenty-third ward.
Black & Baird have sold 155 lots at Elwood
since they assumed charge of the property.
bqlldlng IS very active.
BAXTER Thompson & Co., sold four lots in
the East End during the week. They report
business fair considering the strike.
q. X. Love says the demand for business
stands is still greater than the supply.
builders should make note of th1S--Or,
want.
Judging from the amount of acreage COM
ing ON the market, the demand for lots is an
active feature of the real estate business.
Mr.. Kahn will begin work on his business
block on New Grant street as soon as the
strike is over. Tenants vacated long ago.
Baltensperger & Williams sold 10 lots in
the Weinman plan, Mt. Washington, at
their auction sale yesterday.
A. y. Byers & Co. sold for the Ridgeview
Land Company to I. D. Miller. Esq, lots 40
and 90 in their plan, having q frontage of 81
feet on California avenue and running back
line of California Avenue Electric road,
Eleventh ward, Allegheny. Consideration,
$500, cash.
Valley Furnaces Resuming.
Advices from Sharon state that the She
mango furnaces are going into blast. Fur
mace No. lat the Stewart Iron Company's
plant will be started Monday, and the re-
sumption of No. 2 depends on the coke sup
ply. The Sharon Iron Company's furnace is
ready to go into operation at almost any
moment, and will doubtless be working to-
morrow or Monday. The Middlesex furnaces
are being cleared up on an order from the
owners and lessees to resume and Sharps-
vile is scene of activity around the big
plants. The railroad companies are making
preparations to meet the increased traffic
which the resumption means, and when the
ore and coke shipments become steady,
extra freights and crews will be put to work
to handle the tonnage.
Sharpsville furnacemen are making prepa-
rations for an early resumption, and q large
force Of men have been called out. The
wages have been reduced 10 and 15 cents on
labor and turn work respectively, but many
men have been without work for 30 long
that they are satisfied to accept the reduc-
tion without complaint. All the furnaces
have now blown out except the Sharpsville,
which is still dampened down, but which has
become SO cooled that it will, in all proba-
bility, be necessary to shovel out the boslh
before again going into blast. The Mable is
being filled with wood and will be ready to
be lighted by June l. A full force of men has
been called out at the Douglas.