Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-21
BOOMS AND BOOMERS.
No Opportunity for Wildcatting in
Pittsburg Real Estate.
A BOOM TOWN DOWN IN ALABAMA.
Two Pictures Showing the Advantages Of a
Slow but Sure Market.
FEATURES OF MONEY AND SPECULATION


abundant cause for thankfulness in the fact
tbat ,hav are not afflicted with a "boom. y
,r". ~
No.hihs 10 81 a"e'ou' " c,', ' ~
perlty.' A Doom is Always Iollo"eo ny
reaction.
! The home market is in such a condition
that there is nor much fault found with il.
1rh. ,o,nooa foat,,ua, .ro ,ood do.
Inc pso"punou s
maho ior business anu resiuehce ptoPei's,
buying for investment and actual use, and
the almost total absence of speculation.
These are solid features and leave no
nrouna Gov f.,r os 20 ,ho f,,tur. Tbe conf
S'"''" .' W wv
denee OF owners Is sumclentiy a'.es1ed oy
their refusal to make concessions. There Is
a great deal of money seeking investment in
city and suburban realty, which justifes
the expectation that trade will be lively
soon after the new year.
This is a pleasing picture, and it is amply
justified by the facts. Slow and sure is a
safe polIcv. While it does not offer the
dazzling alurement OF sudden wealth, it does
not involve the other Observation-Disclosures.
How much better this than a s.boom" and
its logical outcome-fnancial ruin.
George K: Gibson, on his return from the
BANKERS convention at New orleans,
passed through the town OF Fort fayne,
Ala III had had a boom. lie says:
Ihe train pulled up at a very attractive
IOnsis lyoArs - to"n :nu Sn.n ,:s LII =.
to be Fort Payne. which I remembered was
created by an Eastern company. The vii
lace which contains ahout oO0nonulstion
is nestled in a beautiful little valley i'm,
closed bv hills rich in minerals. The
houses sre of modern architecture the
streets are laid out with regularity and are
abundantIv wide and numerous to accommo-
date metropolitan traffic. The place
boasts water works. sewerage, electric light
plant and o6 industries. some of which.
boweror orc :, q st,to Of ;rnoouous desne'
tnde met an ;nteil;oent Ioolrinc native
st,nd;no in front of the handsome railway
station and had the foIloWinp conversation. .
"sIs the comnsnv making auy monevo'
"Tt is not irving to make money: it is
irving to borrow If
"T coo Won bay. q fine onera bouse
ItoI;an ,J ~ SrnnS " upS w ''"- P00p-o fi',
tssWai1 y, ~ CO. ~, - .1, h..
b.d ,.s !. n,oc;c lontarn shor
"sHow is real estatno,
".It is all hereNbut the .ren+. b.ve
ro,o
&C srL A.. e,o,,
u.Vas rs s.;d T d., on 'ua. - poo III f,t
10 co;na mn oSer ,ondsr nd az nd Ell iI nd d -
and have = fresh edoe nut on II ~ ~ -''
f '
BUSINESS news ana "oss'p.
Everything points to important move
ments on lower Penn avenue in the near
future.
The Tenth ward, Allegheny, will capture
the pennant this year for Improvements on
the Northside.
Results at the Auction Board sale were
not only encouraging to the promoters of
the scheme, but convinced sellers and buy
ers of the practicability of this method of
handling real estate. 1t. saves time and
trouble.
james w. Drape & Co. yesterday sold
five shares of Homewood Driving Park
Assoc'a'ioh stoch at hgure close 10 Sl,OOO.
80 pus Cne rear
-, ,a,n1.IIa5 - i - - nove
;rnnroSo {ha;r o,,o,.-a M siu oene. use
the entire main Aoor ,f ~. h,,;1S; ,pz
Federal street AlIonhanrNona 80 g. W
.oou;,,,,od otf;a.. :; .Sa Il "a WIG nnee'
iWas..rn d;Ss,...t Al.
=, opa'ene: s'"to .hat the car
80 E.a;.Lt W lnIr eaSe III the y or1h-
p.uI is shnrt ooS a.., 10y Sysy SAYS .h1 % st'
"u! IS snort z,ooV cars: northwest, Wis
cohsln central, ana IN fact all the roads In
the Territory are in the same condition.
Philadelphia Gas scored slight improve-
-an+ ,astard,-- Tboro or. ,or,o 49,, L.
lne!t yester1aJ. Anefe are sone ne" puy-
ers In the held.
Henry NJ. Long yesterday sold 140 shares
Pleasant Valley at o.
nucnesne Trootion s+,ol- ,,os ,r,,..d =;
h,ools = ,,astorda,- ~ +Lar, 80 10 81.
uloohs yeer1lua!, puI .ney were hot iortn-
coming. doiuers eAnlDlteo no weakness.
1t is said that the coming auction sale of
Government property will be a success
rrbere will ba several new h;ddors
o. 80 " k,,;1S;r ,;ta
ohiy TWO ouiloihg peI"lIs were taken
terian Church for parsonage on Warden
street. Thirty-sixth ward. to cost S. 800
and the other bv Fredericf g Sbe;bJer fo,
h.;aI. 49, -. =! I.-.iI;. p. ioi
orich t"o-story u"eiiihS oh Doquet street
to cost about 5000.
wov.n.nt. in R..,.r
James w. Drape co. report the sale of o
for A.. $50 A sale also has been made ofa
. roc ,ot near tbe rorl,s abort e5,,oo e..
~ ~ p' ~. ~ ooAioo ioe''
WIN puiulhes 'hereon, ior SZtooo partlcu-
ars of which are withheld for the present;
The sale, however, has been made positively.
The house and lot 3505 Butler street vss
withdrawn ON a bid of $500. and NAV be %
,tosee any inThien. Th @ AZ n S.lI NJ advance on
ma. m ~. ns GIS o u neItoh, IS ieaVs
ng foT taliiornia, ana hence the cause of
ne SAFE OF ms ProPerty. Ihey SOLD four lots
n n .ne IN, s1 snn iiaoe Piaii' near home
E HensS sslest eTsen
or Co., The above firm has sold sold tGi t1is sams
property three different times within the