Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-04
THEY HOLD THE FORT.
The Business Men Of Pittsburg Know
No Such Word as Fail.
EVERYTHING FINE FOR DOG DAYS.
Fhe Highest Point in the County Settled
in Favor of Williamsburg.
PERMITS OUT FOB SOME BIG HOUSES

PERMITS OUT FOB SOME BIG HOUSES
There appears TO be something in the fiat
building scheme of the New Yorker besides
wind. A gentleman remarked yesterday:
cit looks to me as If it will be 60. Two
of nv friends who own suitable sites were
approached day or two ago with offers to
buy. They were told that the ground was
wanted for fats, and that an eastern man
was at the head of the project I hope It will
be a success. We need many such buildings.
think they would soon become POPULAR
Business moved along last week without any.
| thing resembling pyrotschnic display, but it
was 81, 400, 900 larger than Tor the correspond.
| ing week last year. This is a sufficient COM
| ment on the general situation. Under the
| stimulus of good crops and q better under
| standing between the railroads, trade OF all
kinds is in a healthy condition and shows a
broadening tendency.
Local securities had a very good week, sales,
| so far as reported, being $3.50 shares, La Noria
| leading in activity. Several OF the favorites
made substantial gains, Electric and Central
Traction being most conspicuous The market
closed firm for nearly everything. Considering
| the season. there was good demand for realty,
sales showing q very slight falling OF. The
number of transfers recorded was l6e. and the
consideration S420, $50.
One hundred and seventy-one mortgages
were recorded; one for S500O00. one for SS75 900,
and one for 100000 the total amount repre-
sented being q, 1872 543. Trading in petroleum
was on an improving basis, prices holding very
closely to the dollar line. The close was quiet
and steady.
Notwithstanding the assertions Of many re-
garding the Heron Hill reservoir being the
highest point in Allegheny county, that Of the
Williamsburg Water Company Is entitled to that
distinction, as recently demonstrated by actual
measurement the triangulation having been
made by a competent engineer. This reservoir
is COS feet above the Allegheny river. Heron
Hill is 565 and Hiland avenue s65 above. Thus
the Williamsburg reservoir Is 4S feet higher than
II erron Hill and 243 feet higher than HEand
avenue. Water pressure in Williamsburg will
be about l5O pounds per square inch. THIS will
throw a stream perpendicularly LOO to l75 feet
and $50 feet horizontally.
All the fire apparatus the borough will need.
therefore will be three or four hose carriages
and volunteers to handle them. A single two
inch hose would have prevented the fre Of
last Wednesday. The entire cost OF the water
works will approximate $4,000. The pump
ing station at Wildwood will cost about $40. .000
the reservoir about SIS, COO and the pipe. Geo.
O00 The remainder of she expense will be for
laying pipe, right of way. ete. Water viii be
turned on the last of the month or the first of
next
Building little more than held its own last
week, in spite of labor trouble and the apathy
consequent upon the dullest time of the year.
The number of permits issued was 48, and the
estimated cost of the buildings s3l9, ,465. The
largest permit was taken out by the National
Bank of Commerce for q seven-story brick and
granite, corner of Sixth avenue and Wood
street, the old site, TO cost s200, ,00d The next
largest YVES taken out by the Shadyside
Academy for . three-story brick which will
cost sls,595. Captain ]. ]. Vandegrift took out
permits for two three-story brick dwellings on
Shady lane. the cost of both being estimated at
ct, 900 Kuhn Brothers will put up q, ,o0o two
story brick building on Shady lane, and Mrs.
Moorhead one on Hiland avenue to cost 81. lso
It is the custom OF TIE DISPATCH to give
both sides Of every question upon which it
treats. Following up this rule, the communi-
cation which appears below, handed In by
Robert H. Douglas. ESQ.,, is given without
other comment than that THE DISPATCH is
opposed to throwing cold water on anything
that promises to be of public utility. Mr..
Douglas is responsible for the views expressed.
"Street railway charters are cheap. Any
Tom. Dick or Harry with $50 can 60 to Harris
burg and secure a charter for street railway
100 miles long, or a 2cent stamp and
So will secure the charter by return
mail. The Sylvan railway is probably
intended to make an honest dollar out Of
the supposed necessities Of the Fifth
avenue cable line and the Second avenue
electric. soueezer. in fact. Part of the route
attempted to be covered by the Sylvan Green
field avenue, is already covered. SO there will
be no squeeze there. 1t looks queer that the
President of the new road. who controls 400
out of the $50 shares. should know nothing of
the details, not having posted himself as to
them.
The Presidents statement that there is
plenty Of money back of his:scheme leads one
to hope that it may not be SO far back that it
will take a lifetime to get at it on a rapider
road even than the Sylvan promises to be. I
admire tho grand and lofty tumbling the
Sylvan is going to indulge in when it leaves
Saline avenue for the north shore of the Mon
ongahela. A toboggan slide, landing passengers
in the cool waters of the Monongahela, would
he a unique feature in street railways. tending
to make them popular during dog days. Pu
venture to say the Sylvan will never be built
by It's present promoters"
Two gentlemen talking in . railroad carr
First speaker-George has gone to see the
Paris Exposition. understand
Second speaker-Yes. he had . streak Of
good luck, and took vacation.
First speaker-I am glad to hear It He Is q
good fellow. What did he dor
Second speaker-He bought few acres of
ground near Bellvue about year ago and sold
1t last week. He made enough by the turn to
pay for a comfortable little house and defray
his expenses to Paris.
Such straws show which way real estate wind
blows.
Among the buildings that will soon spring up |
in Williamsburg will be q handsome and COM |
modious United Brethren's Church, the present |
edifice being too small to accommodate the |
rapidly growing membership. 1t will be erected |
on lot 66x264 feet. at the corner of Ross and |
Coal streets. The new building Of the Metho-
dist congregation will probably not be com
menced before next spring. The new Catholic |
Church is ready for the roof. The United |
fists are talking of building. Williamsburg is |
Churches.
Brokers do not all think and act the same |
way. One of them remarked yesterday even |
ing: Generally speaking. Pittsburg brokers
are pretty level-headed. but Just now some of |
them are standing In their own light, They |
are trying to bear the market, and the result is |
very little business, not a 1.-THE of what 1t |
should be. 1t is my experience that o weak |
market is nearly always dull The way to
make business is TO boom prices. This makes