Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-01
TRADE AND GOSSIP.
What Energetic Business Men Are
Thinking About and Doing.
SOME BIG THINGS ON THE STRING.
A Large Manufacturing Plant and Fine
Summer Hotel BObbing Up.
BUSY TINES AMONG THE BUILDERS

Two gentlemen were eloseted WIN u
Fourth avenue reak estate dealer for several
hours yesterday. They were iron manufac-
turers, and were negotiating for site
whereon to erect plant to cost S40O, 900.
This is not rumor, but fact. Details cannot
be given, but it may be stated that the deal
has gone far enough to insure its completion
at an early day. The same agent has an
other transaction of q similar kind on hand,
in a neighboring town. but involving consider.
ably less money. The principals are Pittsburg
men.
The Building Inspectors were busy yesterday
issuing permits. The largest one was taken
out by James Diworth, for sSl, 900 residence
at Fifth avenue and Barton street. The next
largest issued during the week was to w. f.
Casey. for eight two-story and mansard brick
and stone dwellings Fifth avenue. Four
teenth ward. to cost $4,000. Doerfinger q
Fisher are to build block of eight houses on
Cliff street. in the Eleventh ward at a cost OF
| $4,000 Mrs. NJ. Hays was authorized to
erect brick two-story residence on
Hiland avenue. It will cost her $4,000. ]. NJ.
McCance will build brick dwelling on Dith-
eridge street, in the Fourteenth ward, to cost
$1,000 Mrs. Annie Jack got permission to
erect brick dwelling on Fifth avenue. in the
|
Thomas Hackett was granted permit for a
brick four-story house on Fifth avenue, Sixth
ward, for which he will pay S9,S00. The Stand
| ard Underground Cable Company will put up q
two-story brick structure on Sixteenth street,
Tenth ward, at a cost of $4,000. The number of
permits issued during the week was 81, repre-
senting an outlay approxlmating S23S, 2ol.
Pittsburg is growing.
| Tbnra We M rv dav
in the local business situation last week. There
was a small shrinkage in the volume of trans
| actions. as compared with previous weeks, but
coming at the dullest time of the year it should
| occasion no alarm. Under the stimulus of
large crops and abundance of money, trade will
| soon emerge from the rut Locally, as well as
| generally, the, conditions are favorable for an
| early Improvement So long as there is a good
| iron market, and the mills are kept busy, dull
ness can find no peg upon which to hang ITSELF
| AS Pittsburg is not a debtor but creditor
| the flow of money is steadily in this direction,
THIS is advantage of which few other cities
can boast Failures are few and collections
easy.
Two well known capitalists are figuring on
the purchase of the Hampton homestead, near
| Williamsburg at price somewhat above S50
| 000 If they go through with 1t, they will build
a fine hotel. to be used chiefly as a summer re-
| sort, though it would not lack patronage in the
| winter The grounds are large, well improved,
| and admirably adapted to the purpose in view
| A hotel there would supply long felt want,
and no doubt be profitable t. the promoters
| Mr.. John Howley, the real estate dealer, in
| speaking yesterday of the recent purchase by
| the h. c. Prick Coke Company of the large
| coke plants of Schoonmaker and Moore, said
that he noticed statement made by some of
| the papers that all the available coking coal
had been bought by the 81. G. Frck Company,
which is not the case, as he is in position to
| offer several tracts of the best coking coal,
| equal to any in the Connellsville region, on
| very favorable terms The recent move of the
H. c. Frick Company has already awakened
considerable interest and inquiry OIL the part
! of furnacemen, who are large consumers of
| coke.
The Pennsylvania Railroad has done an
| enormous business this summer, and IS still
crowded to it's utmost capacity. Passenger
traffic has been enormous. An employe of the
road remarked yesterday: II have been on
the road for a number of years, and have
never known traffic to be so heavy as it is this
summer. Indeed, the extra passenger business
| alone has almost wiped out the heavy losses
| caused by the Jnhnstown disaster. Stockhold-
ers need have no fear for their dividend"
|
There is lively demand for boxes in the big
vault of the Fidelity Title and Trust Company,
| and another thousand or SO will be put in soon
to supply the want Speaking of business, an
| official of the company remarked: 1--WE are
| doing splendidly-much better than we ex-
pected- We have completed several important
| transactions and have others on hand, but
| they are not quite ready for publication. The
prospect for a heavy fall trade is excellent
/ ..,l.%
the season. and that the financial wheels will
run smoothly the rest of the year."
The drygoods trade of Pittsburg is very
| heavy this season This city has within a few
years become an important center of this busi-
| ness and more territory is being covered this
| year than ever before. Country orders for fall
fabrics are coming in quite freely and the
work of distribution is being pushed with the
utmost vigor. A leading wholesaler remarked
| yesterday that he would not be surprised if the
sales this year reached the large aggregate Of
S2S, 1000.
Edgewood is growing at a rate which will
| soon place it in the first rank of towns on the
| Pennsylvania Railroad. Nearly all of the
| vacant lots have been bought up, and will be
built this season or next 1t is one of the
| finest residence sections in the East End. Con-
corning the borough scheme, a citizen of the
place said yesterday: I'VE propose to let il
rest for awhile. There is some opposition to
the project now, and If pushed it might be de-
| feated. The town is growing so fast that a
borough will soon be necessary. When the
time comes we will push the scheme through"
Mills may stop and firms may fail, but our
foreign trade continues to show a marked and
| gratifying Improvement. The report for July
is more favorable at all points than the country
has seen in any July of recent years. The i'm
ports of merchandise amount to SO, 77s, sos, q
level which has not been touched in any pre-
vious month since April, 1880 when merchan-
disc to the value of S74366.455 came in Last
year the imports of merchandise in July stood
$50 $50 645 and the average for the month in the
previous Eve years, 1888 to 1887, was but s54-
69S,722 Thus, this year the imports in July are
sll, ,S97, ,96l larger than in July, 1885, and Sl60S4-
sS4 larger than the average for the month in |
the previous i've years. August will make |
nearly as good q record as July. This is an i'm.
provement that the country can afford to lean |