Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-11
DOWN TOWN VALUES.
They Are Looking Up in the District
Around the POstofice.
SPECIMEN FIGURES GIVEN OUT.
Pittsburg's Rapid Growth as a Distrib
uting Center for Lumber.
FEATURES OF MONEY AND SPECULATION.

Property on Fourth avenue, opposite the
postofice, is rated considerably higher than
shown by recently published figures. Two
of thesowners, and perhaps others, would
scarcely consider anything under $1,000 a
foot front. One of them said so very plainly
yesterday. Another has put that price on
his holding. They are not anxious to sell
even at these figures. The new postofice
and other Improvements, completed and
projected, in this quarter of Fourth avenue
and Smithfield street, are making it the
center of business, and owners appear to
have reached the conclusion that there is no
other part of the city in which investments
will yield larger return in the course of a
few years.
Assuming Large Dimensions.
The lumber trade of Pittsburg amounts
to Sc, 100000 or more annually. 1t has in
creased 80 per cent in the last few years.
Up to 1880, or later the trade was strictly
local. Now it embraces wide scope of
country, reaching into Ohio, West Vir-
ginia and Maryland. Western Pennsyl-
vauia is largely supplied from this point.
In regard to the condition of trade, prom
inent local dealer said yesterday: "Move-
ment Here is only fair to middling, but the
future is quite promising. Already there
is an upward tendency. AT a few places
in the North there is quite stir, notably
at Philadelphia. Buffalo also reports an
active market. The country is full Of build
ing schemes, the consummation of even
one-quarter of which will make brisk times
Hard woods are rather scarce, but otherwise
stocks are full enough for the season. Fair
values are maintained. Any change is
likely to be to higher level"
Building and Drilling
Industrial progress is very pronounced at
Blair station. The Campbell Glass Com
pany plant, W B. Scaife & Sons builders,
is about under roof. 1t comprises two iron
buildings, each S0x12O. They will be fin
ished by July. O'Leary Bros. are nearly
ready to let contracts for their big plant.
The Campbell Company gas well has been
cased below the second vein of salt water,
and drilling is progressing. Experts say
there is no doubt of good supply of gas.
If this expectation be realized, it will open
up a large field and give the drill q fresh
impetus.
A Wlirl in the Coalers.
Wall street has been wild this week over
the coalers. Large blocks have been alb
sorbed at rate almost beyond precedent.
The movement took in every property in
terested in any important degree in the min
ing or carrying of anthracite. Despite the
rapid advances there was a pretty general
concurrence of opinion that the buying was
for keeps, and did not belong
to the usual turn basis. A leading
operator said: ''The buying foreshadows a
complete revolution from the present meth
DDS of conducting the great anthracite in
dustry, and vast and sustained improve
ment in the prices of securities of the lead
ing companies based upon harmonious
relations and large economies to be effected
The Vanderbilts. DreIels and insiders in
many of the more prominent coal roads have
agreed upon plan which involves close
combination between the Reading, Lacka-
wanna, Jersey Central and Lehigh Valley
The combination will be strong
enough to take coal off the hands of outside
if necessary and resell it at a
profit.
Business News and Gossip.
1t is said Senator Finn will build 40 or so
houses on his Twenty-third ward ground |
the coming spring and summer.
A portion of the old Fort Pitt Glass Works |
on Washington street has been torn down to |
make room for the synagogue Of the B'nai |
Israel congregation. |
The annual meeting OF stockholders of |
the Union Switch and Signal Company will |
be held March s at Q P. NJ Directors will be |
chosen and other business transacted.
The report of the Thomson Houston Com
pany for the year to January 81, 1892, will |
show net earnings of $2,S0O,00O or $4O0 OOe
more than the previous year.
There is said to be deal of some kind on
foot between the West End Railway and the
Point Bridge people. 1t is known that bridge |
stock on the market a short time ago has
been Withdrawn.
The Voskamp apartment house on Wash
lnptOn street about finished Tbare iS
talk of another on the same street.
James p. Quinn has sold his Craig street
lot, 5o1l4o, for about $4,000. 1t will be i'm
proved.
About 20 new buildings are in sight at
Ingram. Charles Stegar is putting up five
Six permits were issued yesterday for the
erection of nine buildings, aggregatlng SIS
BOO. The only one of special importance was
taken out by Henry Smith for four brick
dwellings on Penn avenue, Six
teenth ward, to cost $4,000
officers of the New York and Clev Gland
Gas Coal Company elected yesterday are:
President, w. P. De Armit; Treasurer Frank
Semple; Secretary, c. L. Dixon: Directors,
Henry Phipps, Jr., Frank semple, W. Il.
Berger, j. E. Umbstaetter, j. 7. Hamilton,
] John Walker, j. j. Donnell, j. T. CALVIN W.
z. De Armitt. The statement read at the
meeting showed 1891 had been the best year
for the company since natural gas came into
use.
The following persons will manage the
Mansfield Gas and Coke Company this year:
-
Duthnot, John T. Scott, George A. Berry,
Henry Lloyd, William G. Parks, H. K Por-
ter; Treasurer. James L. Armstrong; Secre-
tarv, William H. Shinn.
The annual meeting of the Central Dis
5rict and Printing Telegraph Company will
De held to-day.
Movements in Realty.
J. c. Reilly sold for Mrs George Kuhn the
Al Center avenue, being nearly
,ew modern eight-roomed house, lot 2OxlOO.
% A. Obernaur, for 5000 cash. He also sold
or George McMillen to Mrs. Annie S. Davis
or 81 900 cash, lot 2l1175 on Ward street.
lear Frazier.
John K Ewing & Co. sold for A. S. GRAY
our lots 35xlC5 each, on Cleveland avenue,
Avalon station, Pittsburg. Fort Wayne and
Chicago Railroad, being Nos. 80, 81, 95 and Sc,
n the Northside Land Association plan; con-
ideration approximating 1000 cash.
Black & Baird sold two more lots in the
Forbes avenue plan, being Nos. 30 and S3
ZACH fronting % feet on Ophelia street by lli
n depth, for 81 $50 cash. The purchaser was |
Edward House, JA the contractor.
j. B. Larkin 4 Co. sold lot No. lib, Blair
.and Company plan, Blair station, for $325
ash.
The Burrell Improvement Company report
he following sale OF lots at kensington:
a, block g. sl,76S 75 James Pickles, lot g.
block IS, SOL 25; William Ii. George, northern
0 feet, lot 56 and southern 10 feet, lot 81, |
block $, $3.50 6s; Mrs. Mary McHugh, lot 10,
block 9, $3.50; Amos B. Schantz, lot6, block = |
SO: William H: McCiaren, Jr lot 81, block
W. A. Heron Sons sold lot 4sx12o feet,
IN Howe street, near Highland avenue,
Twentieth ward, for 81, 500, the purchaser to v
,ay street improvements.
Liggett Bros. sold No 4I0 Ferry street, lot
oxs0, for s., 500, to a prominent business
less stand on it. This is the second sale
made by Liggetr Bros. OF this property
within the past three days. |
D.. O. n u y