Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-03
ANOTHER NEW TOWN.
Purchase of $50 Acres as a Site for a
Manufacturing Center.
WEBSTER STATION rs THE PLACE.
Facts About Industrial Properties Of
Interest to Outsiders.
FEATURES OF MONEY AND SPECULATIOs

One of the most important transactions il
outlying realty for long time has just been
consummated. Final papers were signed
yesterday. The property involved consists
OF 800 acres, situated at Webster station, or
the Pittsburg, Virginia and Charleston Rail
road and Monongahela river, 33 mile:
above Pittsburg. known as the Heslep
Bradford and Castner farms. The
consideration was in the neighborhood Of
S1oS, 600, or little over $500 an acre, which
is considered reasonable, as over 200 acres
of the tract are underlaid with coal The
object of the purchasers, whose names are
withheld for the present, is to lay out and
build up manufacturing town. The trans
action was accomplished through the
agency of Kelly & Rogers, of the East End.
The Other Purchaser.
The sale of the DR.. Dake property for
$50, 900, reported in this column yesterday,
was effected through the agency of Black &
Baird. Mr. H. Childs was mentioned as
one of the purchasers 1t was learned yes
terday that the other is Mr.. G. J. Young,
the Wood street picture man. The lots are
the deepest on the avenue. Tenants were
greatly exercised when they read the ac-
count of the transaction. Plans for the new
buildinox arc nou in tho hand, of architects
Concerning Manufacturing Sites.
Aswilj be sean nv reference IN the ad-
-.;.;r., so,,,r e IT,, D,sr,,r
several Sne m,nnfaotu-;nr ,;tos ,ro on tho
s,,nlst NJ 80 Jss;r;- :. 1as.a =, p;tts
- ii r.. =; 80 sn;t.r .t.,,1J -.
S;nao',ra,,oJ h., Ptbat .i;: co.. of 80
ulsooui iaoeu oy iePun's '.ia' 'his soi' VI Pio-
perty is scarce. Ihls Is not the 1act, Is
every well-infOrmed citizen knows II
abounds both in the city proper and in the
suburbs and Gan he boncbt ot nricrs all the
va, fro,,, SSoO 80 E, 5oo ar 800 wr;th col
VIC! ~, 80 " "n ".s' - 49,
gas, ral.road and river frontage, ana every
thing else necessary to cheap production
and easy access to all the markets of the
country
tn. 1a..
"e '"e
Here is an Eastern diagnosis of the spec
ulative position. "The general public GER
tainlv is not in the market tn the extent
tb.+ ,on,- ,,a,,I, tb;,l ~ ,ho hn1dors =,
'nA' many Peopie 't.lnH, uu' ,ie noiueIs VI
great wealth, ootn lnolvlduals ana corpora
tions, have for long time been picking up
prime stocks and fair to prime bonds.
These securities thew are able to. and do.
boId rerr 6rml, and as onneossions oon, :
iioiu very nfhiy, anu as CONCESSIONS come
in the market they pick up more, having
ditions of nrosnerity now visible will bring
ohonb yery n,ncb birber nr;cos
''o0o" niuoi n,s"oi Pi,o
Business News and Gossip.
Home money is abundant A Fourth ave
nue. broker Yesterday placed se5, 900 at per
cent fiat
uo a, ,,, 81, mn -,u..
henrS NJ. Long yesterday soia sio'oV Troy
Hill Traction bonds at above par.
The strongest features of the stock market
Yesterday were birmingham and Duouesne
Traction and switch and Signal. Street talk.
after the afternoon call, was quite bullish.
Nastar6aU a hnil
llne. Eievem permits were taken out, aggre'
theSa. Dav;eS @ hricI tbraeOstorr store ~ore
and dweilinG corner RoGnet and Frazier
streets, Fourteenth ward, to cost 81, 200: Mrs
Sophia Gross. brick twostory dwelling on
Forty.senond S .co d. street Seventeenth ward, to
eoSS S-;DUo .oi,i,.r n .irn, str..t T.
thGSS sa,J 80 oost % q, 1no Iohn ze;,,a, h,;
butcher % shop 10 % on Butte Butler STR street. Fifseenti, m nth
word 70 cnst a s5o Moearn e Tntor r.. me
two.story dweJiinC and hall on Main street
Tbirtv fourtb rrnrd To cost g. mn
The third at.emnf to sell the t;overnmant
propertv on Penn avenue will be made
snont March I -
Rey Nh Johnson Who nnrcbosad a 10. 1.
few months ago has iust connieteI a
nice dwelling on it. He expects to- buiId q
church this wear
Andrew Castor so,d s5 mn Auarban,, co,n.-
,ight honds ot ina S''''' Ai'os neiy 0ouh'y
Jnbn W DaizeIi h.s sold ,o 1..,d.r N
Morris tract of land in Oakmont for sl7 775
There or,f
meeting of the trustees of DistirIers. I:rnst
and an effort will be made to ts ke the nro,'
ertv from the hands Of Western managere
The yearly meeting of the Ohio Connect
ing Railway Company held yesterdav re-.
suited in the election of the old Roard n,
Directors ~
d Chisholm, has nurcbased a cornar LOT IN
McKecsnort for sI0 o00 which he will i'm
prove with a fine business house i--
Mov.ments in RsaItw
~" nen.s a ~ U,, ~ Ne'''W,
8. A. Dlckle q 20 sold property IN Baum
Grove, lot 43xll4 feet, on Euclid avenue,
with Broom brick house, for sl1 900: also lot
No. g. Robinson & Dickie,s Frankstown
,,-o,na rI.r e6,eo foo. 30 a, -. e.
49, oh"e p'A" -'N00 -ee' w L. A"' eppei' luz
gov.
A. z. Bvers Co. sold for Rev. l. n. Hays
to D. Is. Bassett two brick houses OF rooms
hall and bath. with lots l6nx4S feet each
being Nos. l46 and I4S BldweIl street
Sixth ward, Allegheny CITY. for S. 500 cash.
j. B. Larkin & Co. sold for Mrs. William
Burger a property on the east side of Mey.
ran avenue near Louisa street. lot 22xl0O
with an eight-roomed frame house, for 81 500
cash.
Rlack g. Re- ird sold lotc Nos 20 90 and An i,