Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-26
CITY TRADE MARKS.
Speculation Over the Relocation of U.
S. Glass Company Plants.
HOW PATIENCE MADE A MAN RICH.
Exchange Memberships and Duquesne Trac-
tion Bonds Move Up Notch.
OFFICE AND STREET NEWS AND GOSSIP

There was considerable talk in busines,
circles yesterday apropos of the possible re-
location of the IA plants of the United
States Glass Company. One of the. men,
bers of the combine was reported as saying,
in substance: "We have been importuned
by great many people for information as
to the locality which we have in mind. /
believe the company has an option on sew
eral hundred acres which possess all requi-
site advantages, but I am not in a position
to say anything further on that point If
the place were known it would at once
cause regular boom in real estate in that
quarter. Wherever we may go-if we go
at ala new and populous town will
spring up
Although the exact location of the op-
toned land is secret, it is known to be at
no great distance from Blair station. So
much can be said without harm to anyone.
Grew Rich by Waiting.
That call things come to him who waits, I"
is aptly illustrated in the following true
story. 1t is commended to Pittsburg people
who have bought homes on time and are
hard run to make payments Pay some
how-you will find way-and hold onto
your property.
When General Bruce Picketts returned
from the war he at once began to buy up
mountain lands in Luzerne and adjoining
counties, Pennsylvania, until he had bought
up so, 900 acres of wood land in the mountain
county near Wilkesbarre. He predicted
the day would come when these lands would
be valuable, but the day of fortune was so
long delayed that he was tempted several
limo To- for xuh ha
could get. Upon one occasion he was so
poor that he could not pay the taxes.
Colonel B. X. Jamison; of Philadelphia,
then came to his assistance, and they have
worked together, as they had the same con-
fdence in the future value of their timber
land. Jamison owns large strip of land
which starts at Fishing Creek, Columbia
county, and meets Picketts' dense forest at
Harvest Lake.
Two years ago the railroad tapped Pick
etts' land and it trebled in value He held
onto it, however, and lately sold 10000
acres to an English syndicate for $2S an
acre, placing him on the list of timber land
millionaires
Pennsy's Engine Programme.
The equipment programme Of the Penn
sylvania Southwest lines for 1892 has been
finally arranged. Fifty-one new freight
engines will be built at Columbus and AL
toona. Seventeen passenger engines will
also be built. Ten will be of new type
known as the class ssX'' They will weigh
about 115, 600 pounds and have six drivers.
Seven will be of the class ''O"type, which has
been the standard for number of years on
the Pennsylvania lines, and will be con-
structed at Altoona. The engine pro-
gramme provides for an addition to the
equipment of 25 locomotives, the remainder
being to supply vacant numbers.
Last year % new engines were built, but
there was no addition to the equipment,
that number being required to replace worn
out engines.
Business News and Gossip.
1t is reported that Carnegie, Phipps & Co.
will build road for the conveyance of hot
metal between their Homestead and Brad
dock works.
The continuance of fine weather would
more than Offset gold shipments. Yesterday
was another busy day on the streets.
The National Convention of Lumbermen
will open in Washington. D. c., March /.
Pitrs5urg will be represented.
The New York and Middle Coal Field Rail-
road and Coal Company, Israel W. Morris,
President, has just been organized in Phila-
delphia. The capital is 81, ,l5O, ,00O
Six permits were issued yesterday for
buildings and additions, the largest being
III,
The Southern Lumbrman says: "As far
west as Pittsburg there is a revival of de-
mand, and prospects for a good year in 1um-
Der are promising. There is unusual build
ing activity, and much yellow pine and other
Southern woods will be wanted. Yellow
pine is coming into general use in Pittsburg
for flooring and ceiling. Ali the local yards
seem in good shape, and a confident tone
pervades the local market"
1t is reported that plan is being nego- |
tiated blythe copper producers of the coun- |
try to restrict the output.
Another effort will soon be made to sell |
the Exchange building. Details will be |
made at a directors meeting next Thurs |
day. 1t is understood no offer below $3.50 900 |!
Mr.. Edison has made a general denial that |
he has been opposed to the consolidation of |
the electrical companies.
Mr.. Nelson Morris says there is no truth in |
the report that the Distillers' Company is in |
tending to buy Chicago breweries.
Isaac n. Hay has sold to ID. B. Fassett a
residence property on Bidwell street. Allie
On call yesterday Panhandle Railroad first
Is were quoted at lib bid. and |
Point Bridge second mortgage IS at 100 bid.
Movements in Realty.
Wood, Harmon & Co., well known as de-
of several acreage pieces in the
outskirts of Pittsburg, among them being
Terrace, have just closed a deal on
The Old Colony Railroad, near Boston, in
7olving over 200 acres, Tor which they paid
u, ,OOO COO. The property will be elaborateIy
improved and put on the market upon prac-
ically the same terms as were extended to
buyers here
A. Leggate Son sold lot 4sx1l0. with
;hree brick houses of six rooms each, on
Kirkpatrick avenue, Second ward, Alle-
,heny, for SS 500.
Reed B. Coyle & Co. sold frame house of
i've rooms and attic, with lot 20x125 feet to
IN alley. on Sylvan avenue, Twenty-third
yard for S, 900.
Ira NJ Burchfeld sold three lots in North
60x120 each, for 81, 800.
John X Ewing g. Co. sold to Charles C.
Hunter a new two-story frame house of four
'ooms, with lot 100. on Virginia avenue,
Tenth ward, Allegheny, for 81 600.
Black & Baird sold to Aloingi W. Sivley
or Robert H. Hay lot % in the Valley View
Place addition plan, Nineteenth ward, 20x90
eet to an alley, for $3.50 spot cash.
Peter Shields reports the sale of lots Nos |
73 and ia, each S6x90 feet located on Hoasac
treet in the Greenfield avenue plan. Twen-
y-th,rd ward, to Michael Nelland for $685.
w. e. Hamnett & Co., of Williamsburg sold
house and lot on Trenton avenue, Wilkins.
'urg, for $4,000.
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