Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-28
PUT ON THE BRAKES.
How to Invest Surplus Money to
Ward Off a Financial Collapse.
RENEWAL OF ACTIVITY In REALTY
A Rural Lady'S Idea of the Workings Of the
MonOpOlistic Sugar Trust.
BACHELOR HALL STOCK IN DEMAND

Whistle down brakes on the speculative
furore before it passes beyond control and
precipitates a panic. "Great oaks from
little acorns grow" Dig we'll and start a
dairy, get married, give your poor relations
q boost if you have more money than you
know what to do with, but don't speculate.
"And so you shall prosper and your days be
long in the land"
There was better feeling and larger move
ment in the real estate market yesterday than
on any previous day this week. Besides the
sales reported, which are noted elsewhere. there
were several large transactions, the particulars
of which were withheld. One of these involved
the sale of an Allegheny residence, presumably
on Lincoln avenue, for price approx1matlng e
Sle0,0C0. The gentleman from whom TINS
information was obtained SAID: II expect
to see a controversy over thissale as to whether
the price paid was above OF below the market
Somewhere in lower Allegheny a LARGE re D1iia-
ing site changed hands at about S9O,OOO 1t IS
situated between two fine residences, and VIII:
be built on this season. Another report was OF
the sale of five acres of unimproyed land be-
tween Hawkins and Braddock. 1t IS under
stood it will be subdivided.
The last rumor encountered was to the effect
that several acres near the reservoir of the
Williamsburg waterworks had been sold for
about sSOO an acre. A lot at Baum's Grove
changed hands at S., 600, and q lot In the Moore
plan, Oakland avenue, brought $50 front foot
Several mortgages were placed, the two largest
being for $4,000 and 81, 600. The depression of
the real estate interest, of which mention has
been made, seems to have begun and ended at
the same time.
One of the avowed objects of the Sugar Trust
when it was introduced to the public was Ito
develop the sugar-making interest in this coun-
try" The immediate result of it has been to
advance prices to the consumer about 20 per
cent. A Williamsburg lady remarked to me
yesterday: II will not be able to put up much
fruit this season, sugar is so high. 1t is ten
pounds for dollar to-day, against II pounds
two weeks ago, and Is last winter. wonder
what the cause is?'
The hasn't read the papers carefully and
didn't know of the existence of the Sugar
Trust and told her as much. There is no
trust about It," she rejoined; ''they want cash
down."
Enough of the stock of the Bachelor Hall
Company has been placed to assure the success
of the project. The charter is being drawn up
by a well-known attorney, and will be for
warded to Harrisburg in few days. 1t is ex-
pected that work on the building will begin
about September L Several of the rooms have
been spoken for already. Should it prove
financial success several others of a similar
character will be put up next year.
=
Work on the Fifth avenue extension is pro-
ceeding as rapidly as possible. The Ligonier
block pavement makes a handsome appearance,
and seems to possess every requisite for solidity
and durability. The ease with which repairs
can be made is greatly in its favor. The i'm
provement has already been of great advan
tage TO property in the vicinity, showing that
values and good streets are intimately asso-
ciated.
Although quotations on iron have not been
advanced, the market this week is frmer on
account of an increase of orders, giving rise to
a more buoyant feeling. The advance on pig
of so cents ton by the Thomas Company is ex-
pected to have good effect on the trade.
Stocks are light and they will be further re-
duced during the July shutdown for repairs
aDd the settlement of the wage question. This
will tend to strengthen prices and put the
market in good shape for the autumn trade,
which, if indications can be trusted, will be
very satisfactory.