Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-06-11
$4,000 DEAL.
Cramer, Yeager and Cobun Sell
Falls Tract.


E. X. Baker the Purchaser Cascade
Park Reserved DO, 900 Brick Plant
to be Installed Tract Rich in Fire
Clay and Glass Sand-Gash sale.
A deal has just been closed by Capt..
G. w. Cramer, Lewis A. Yeager, and
Geo. C0hun for the sale of the surface
OF the Falls tract OF land In Preston
Comfy, containing 1890 acres.
The parties have had the property
under option for some time, aud re-
Gently discovered upon IL rich seams
of fire clay and glass sand. The deal
made yesterday evening involves the
sum of nearly $50, 900. The sale was
made for about $40, 900 with an agree
ment that fire brick and silica brick
mandatory is to be erected upon the
tract within reasonable time Cram
er, Yeager and Cobun retain an inter
est in the property. which also in
cludes an interest in the brick plant
to be built.
Mr.. K. r. Baker OF Pittsburg, form
erly connected with the Eureka Fire
A1AiNh NOa pdhJ 40 uttd9uiCl 10 buC
purchaser of the property. 1t was a
cash sale.
Mr.. Baker is a practical brick man.
ufacturer and knows good clay when
he sees it. He had sold his interest
In the Eureka Company, and will de-
vote his capital and energies to the
development OF the fire brick industry
in the Decker's Creek Valley.
The local people, Messrs. Cramer,
Yeager and Cobun have reserved
about so acres known as Cascade Park
and including the big falls and a
stretch OF water for boating in Deck
er's creek. This will be kept and i'm
proved as park, and 40 industries to
mar its beauty allowed upon it.
The best seam Of fire clay and the
glass sand upon the land are very
close the railroad, being about 400
yards nearer the road than the sand
quarries at Sturgisson, SO the pur-
chasers state. The sand is part of
the same strata or deposit, which is
being developed at Sturgisson.
Several deposits OF fire clay OF differ
ent colors are found, some of them
the finest elays known. The great de-
mand for fire brick for the coke ovens
etc. along Deeker's creek, will make a
local market for large output OF
manufactured brick.
Cheap railroad and river trausporta-
tion would bring the product OF fac
tories here easily into the market of
the world.
The Falls Tract Of land has had an
interesting history in the past two
years. For long time it belonged to
the Pennick heirs Of Philadelphia.
1t was purchased by company Of
local and Masontown people, for $780,
600. The timber was then sold to Mr..
A, G. Oliver for $40, 900. He trans
ferred it in few months to the Hus-
ton Lumber Company for $50, 900,
making profit Of $4,000 within
three months.
The coal under the land was sold
to Jos. Barnes and others Of Union
town, and resold by them to com
pany of Cleveland iron and steel man
ufacturers. The coal was sold for
nearly as much as the timber brought
The Huston Lumber company NOV
ed mills to the tract, and began deyel-
oping the timber, then sold out their
entire interests the past winter, TO the
A. G. Oliver company, which is con-
tinuing to develop the tim Der interest,
employing large number of laborers.
The surface has now been sold for
as much as the original purchasers
paid for the whole tract including
timber, coal, and surface. Cramer
and Yeager and Cobun make very
nice thing ont Of 1t for themselves,
and are feeling pretty good over the
transaction.