Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-13
THINGS ARE LOVELY.
Local Business of All Kinds Except
Speculation in Good Shape.
BUILDINGS AND REAL ESTATE.
One Borough in the Swim and Two Others
Floundering Along in the Soup.
THE WEEK IN STOCKS AND PETROLEUM

OF the weather. The number OF permits
issued for new houses, mostly medium-sized
dwellings, was So, involving an estimated
expenditure of $115, 800. The largest permit
was taken out by Frazier & Vetter for six
frame two-story dwellings on Evaline street.
at cost of S15,6OO. F. L. Campo was
authorized to erect brick two-story house
on Marchand street. 1t will cost $40, zoo.
w. R. & e. G. Mooney propose to build
two brick two-story houses on Westminster
street, for which they expect to pay $1,000.
Mrs. G. Morehead will put up two-story
brick building on South Hiland avenue at
cost of Sc, 500, and Mrs. M. j. Hamilton
will embellish Fortieth street with tWo-story
brick at an expense of $5 900.
The Clearing House report for the past week,
although not SO good as that for the week be-
fore, is one of the best of the year. To JUSTIFY
such figures requires a vast amount OF ousl-
ness. While the present is satisfactory the
future promises even better. Unlike Alexander,
local capitalists are finding new worlds to con-
quer. Tin plate will soon be included among
Pittsburg industries. The iron mills are run
ming night and day, but this does not enable
them to keep up with their orders. Immediate
deliveries are impossible.
Real estate is attracting unusual attention.
The lull mentioned a few days ago has been
succeeded by great activity. Small properties
are changing owners rapidly, and the move.
ment in large ones is on the increase. A num-
Der of important transactions have taken place
within a short time, and others are well
along. To show that large properties are in re-
quest. it may be mentioned that yesterday q
Fourth avenue agency received a commission
to secure options on three entire blocks in the
lower part of the city. Another agent reported
that he was about closing up s60, 600 deal.
The most interesting feature of the stock
market during the week was break in Elec-
trio, following the announcement Of Justice
Bradley's adverse decision, and its rapid recov-
cry of almost all the lost ground. II was Of
fered very sparingly and closed steady, al
though a trife under the best figure of the
rally. Large amounts would bring par, or
thereabouts. La Noria closed a little better
than the lowest of the week on good buying,
principally outside the Exchange. Fluctua-
tions in the rest of the list were small and with
out significance, the only stocks showing any
Improvement being Philadelphia Gas and Gen.
trail Traction.
Petroleum was dull and featureless all week
until yesterday, when there was a little squirt
in the market which carried it above the dollar
mark for few minutes, but business was too
light to sustain the advance, and the price
dropped to 81 90, where it stood at the close.
The spirit of enterprise which some time ago
seized upon the citizens of the boroughs of
CHARTERS and Mansfield seems to have oozed
out at their finger ends. Reference is made to
the project for consolidating the two boroughs,
doing away with one set of officers and making
a town large enough for a city of the third
class. Following this, the streets were to be
graded and paved and other improvements
made to correspond to the new dignity.
A gentleman who lives in Mansfield said yes
terdsy that this magnificent scheme had gone
where the woodbine twineth, in the language
of the late James Fisk.
"What caused the izzle ?''
"Oh," said he, cit is traceable to lack of en-
terprise and jealousy. The people are afraid it
would cost them little at the start, and they
won't look ahead to the great advantage con-
solldation would be to them by the increase of
population and enhancement Of property. The
young element favor consolidation, but the
fossils oppose it, and they are in the majority.
So dead-set are the latter gainstimprovements
of any kind that they are kicking against the
widening and paving of the principal street in
Mansfield.
"Towns allaround us are being improved and
frightened up, but suppose we will be COM
PEELED to support two sets of borough officers
and plow throughthe mud for another genera
tion. This want Of public spirit is doing great
injury to real estate"
Williamsburg, the handsome little borough
out the Pennsylvania Railroad, is one of the
liveliest places In the county. 1t is growing at
a rate which will make it an important town in
a very few years. Whether it will maintain its
autonomy or be absorbed by the city is an open
question, but the drift at present is in favor of
home rule.
Enterprise of various kinds is springing up
The latest project is the organization of a COM
pany to establish plant to supply the borough
and adjoining towns with electric light. The
water works are in operation, water having
been turned on Friday evening. The inquiry
for real estate is unprecedented in the history
of the town, and sales are large. A local agent |
reports ten sales In as many days: The same |
agent reports sales of lots in the wilkins estate
plans amounting to $40, 600 within a few months.
Other agents are doing almost as well. Twenty
five houses are under contract in one locality,
to be finished as soon as possible.
The citizens are too modest to boast but they |
point with pride" to what they are doing. and |
invite any other place of equal population to |
show better record.
In regard TO local realty ana the outlook |
therefor, the Real Estate Record and Builders
Guild has this to say: "There have been many |
transactions conducted so quietly that few sur |
missed that anything worth noting was on the |
carpet The transfers tell the story Thew |
demonstrate that instead of decline in |
values property is holding its own everywhere |
We cannot find in any locality any signs of |
weakness We observe some districts where |
the movement is very slow, but prices are firm. |
On the other hand, in many places, there is a |
positive advances stiffening all around. |
Everything is favorable for the continuance of |
the conditions which have improved the real |
estate market within the past year.
sThe acreage removed from the market by |
people who are building homes and dwellings |
for renting purposes is SO great that the prices
of unimproved land instead of diminishing are |
in the majority of instances, The |
effect of unexampled building operations upon
the unimproved realty is not easily estimated. |
1t is more difficult than to estimate the amount |
of unimproved realty that has been placed |
upon the market within year. One thing is
evident. All the unimproved realty along the |
lines of the rapid transit roads, especially the
more available building sites, has been alb
sorbed and much interest is manifested in ad-
Joining property. 1t seems to us that the sole
question man has to answer-and each must
answer it for himself and in his own way-is
whether the amount Of unimproved realty that
may be offered within year will operate in a
way to lessen prices. We do not think it will.n
GOOD FOR SATURDAY.
Local Securities About Hold Their Own In