Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-02
TRADE AND GOSSIP.
What Energetic Business Men Are Thinking
About and Doing.

What Energetic Business Men Are Thinking
About and Doing.
Two gentlemen were closeted with a
Fourth avenue real estate dealer for several
hours Saturday. They were iron manufac-
turers, and were negotiating for a site
whereon to erect a 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 similar kind on hand,
in neighboring town, but involving consider
ably less money. The principals are Pittsburg
men.
There were no extraordinary developments
in the local business situation last week. There
was a small shrinksge 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 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 a creditor.
the flow of money is steadily in this direction,
This is an advantage of which few other cities
can boast. Failures are few and collections
easy.
There is a 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: I'VE 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 heavy fall trade is excellent /
think the furry about tight money is over for
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 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
Saturday that he would not be surprised if the
sales this year reached the large aggregate of
S25, OO,O00
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, US, 606 a
level which has not been touched in any pre-
vious month since April, 1880, when merchan-
disc to the value of S74.366. .455 came in. Last
year the imports of merchandise in July stood
$50 $50 645, and the average for the month in the
previous five years, 1888 to 1887, was but SOL
693,722 Thus, this year the imports in July are
Sill S97 96l larger than in July, 1888, and sl6084
SS4 larger than the average for the month in
the previous five years. August will make
nearly as good record as July. This is an i'm
provement that the country can afford to lean
upon.
La Noria was the only active stock Saturday.
The decree has gone forth, remarked a broker.
that it shall not go below ~, nor much above
15s, at present, and the manner in which it is
banded about seems to justify the remark.
While the rest of the list was dull. there was
marked increase in the feeling of confidence in
an early Improvement. which has been con-
spicuous feature of the market throughout the
month.
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH BY |
WHITNEY q STEPHENSON, Oldest Pittshurg mem