Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-14
OUT OF THE FIELD.
The Williamsburg Electric Light Com
pany Gobbles a Rival.
EAST END PEOPLE SELL OUT.
Real Estate Auction Scheme Reaches q
Point That Assures Success.
THE NEWS AND GOSSIP OF TIE CITY

1HS EdSt IuU ELECTRIC SOmpauf
has sold to the Williamsburg Electric Light
Company all of its territory east OF the city
line, the latter assuming all contracts of the
former. The East End Company entered
the territory in question more as an expert
ment to settle the question Of the practical
bility of furnishing light over long lines
than anything else. 1t can be done. but at
great cost of power and results are not
always satisfactory. Having accomplished its
purpose the East End Company gives way TO
the Williamsburg people, who will proceed at
once to enlarge their plant.
An Assured Success.
Another meeting of real estate brokers was
held at the office of the Real Estate Record
yesterday afternoon to perfect the scheme for
conducting sales by auction. There was large
attendance, and much interest was taken in
the proceedings The Committee on Rules. ap-
pointed at the former meeting, reported at
length, and their report after considerable dis
cussion over the clause relating to auctoneers
was adopted. The President was empowered
TO appoint committee of three to secure
names and subscriptions of real estate agents
and auctioneers interested in the movement,
and reappointed Messrs. Alexander Leggate,
John +. Baxter and Samuel W. Black to per-
form that duty. The meeting to complete the
organization will be hell at the same place
Friday afternoon next at $50 o'clock.
The meeting was entirely harmonious al
though discussion was animated at times, and
the result shows great unanimity of sentiment
in the objects to be attained as well IN the
methods 10 be pursued. 1t can now be said
that the new departure is an assured success.
A Manufacturers Co. Oil Strike.
The Manufacturers Gas Company seems to
be enjoying an exceptional run of good fortune
IN he IA a
cult experience in building up its business, but
now the fates coDspire to make its stock the
highest in quotations on the market to fill its
pipes with gas, and to augment its stores of
oil. Yesterday it experienced double stroke
OF luck, striking a 50-barrel oil well in the
midst of undeveloped terrtory-the Linn farm.
The we'll flowed four or five times at 20 feet in
the sand and experts look for gusher as the
drill goes down. 1t is on line with the famous
McKeown well. which produced 400 200 barrels
in its time and is still good as A0-barreler. The
Manufacturers Company has about 400 acres
around its new venture, which is in the very
heart of the tract. 1t never rains but IL pours;
and this was illustrated afresh yesterday by the
same company striking another powerful gas
well on the Rooney farm.
Business News and Gossip.
There will be busy times in the Twenty-sec-
ond and Twenty-third wards the coming sea-
sOn many improvements, some Oh great lul-
portance, are ON the slate.
Bank directors, whether they direct or not,
must give satisfaction. as the outcome of yes
terday's elections shows scarcely any changes.
There were 35 alarms of fire at Altoona in
1890, 20 less than in l>S9.
How do you know whether you will ever
come out alive when you go into burning
building with your men?' was asked of fire.
man. 1--WE don't, of course; we only know our
chief looking out for us and will give us
orders in time, if we get in any danger of being
cut off by fire. We have only one thing to do
that is to try and best the fire. II the smoke
gets too thick, then we get down as near to the
| floor as we can, catch what little air there is
there, then up and tackle it again"
w. A. Heron & Sons report an extraordi-
nary demand for residence properly in Oak
land.
A prominent glass manufacturer, who is also
interested in street railways, is Gickering for
business property on Liberty street.
The annual statement of the Treasurer of the
Pittsburg Exchange, John Z. Barbour. Jr.,
shows: Real estate, Sl50OOO; Gernlania Savings
Bank investment account, Sc, ,I04 96; furniture
and fixtures, s.. 433 40; Clearing House, $50 81;
library, Sill so; Fort Pitt National Bank. treas
urers balance. SSs27 "a; liabilities, capital
stock, Sl5O, ,000, surplus. 1857 -
| The largest of "a mortgages on file for record
yesterday was for Sl0, ,000.
Gross receipts OF the Pleasant Valley Rail-
road the past year were $751; 900 so; total num-
penditures footed up S242.5l3 81, including
| 81, 900 interest on bonds; Sl4l.000 pay rolls;
Sl3.6SS motor and car supplies, aud Sl2 SIS for
roadway and stables. The net earnings were
SS9.3 .3S7 l6, and the surplus amounted to S2l,-
OF 10 The dividend paid No. 81 was SS9, ,OOO
leaving present surplus 81, AS Sc.
The Western Insurance Company yesterday
declared dividend of per cent.
The Building Record.
Five permits were taken out yesterday for
structures of small cost The list follows:
A. L. Watkins, frame two-story and attic
dwelling, 20x4S feet on Collins avenue Nine
| teenth ward. Cost, 5000.
Thomas b. Downing, frame two-story dwell
| ing l6x32 feet. on Noah street Twenty-third
| ward. Cost, 5000.
George Appleton, frame two-story dwelling
| 17x27 feet. on Watt street, Thirteenth ward
| Cost, $3.50.
| Earl s. Gardner, frame two-story and man
| sard dwelling. 24x3212 feet. on Center avenue
| Thirteenth ward Cost, So, S37.
Albert Kern, frame two-story stable, 30x6O
| feet, on Irwin avenue, Twenty-third ward
| Cost 500.
Movements in Realty.
A tract of land containing about u acres, on
Stanton avenue, adjoining the Schenley home
stead, changed hands yesterday for 81, 500 an
| acre.