Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-23
TEMPER OF TRADE.
A Good Movement With a Rosy Pros
pect for the Coming Autumn.
FIVE YOUNGSTERS MAKE A STRIKE
A Local Building Contractor Hauls the
Weather Clerk Over the Goals.
WHYANALLEGHENY MAN CHANGEDBAsE

Business last week was largely of the kind
described as average" There was fair
movement of the leading staples. but new
features were conspicuously scarce. All
agreed that the prospects for the fall trade
were as good as could be desired. Stocks
and oil were in the rut all week, but both
were remarkably we'll sustained under tne
circumstances Sales of stocks on call and
otherwise were 5,S42 shares. Coke was petter
and iron frmer.
Business in mortgages was lighter than usual,
the number recorded being 1856 of a value of
sol, Cos The largest was for Sls.OOo A num-
Der were placed but not settled. OF these one
was S25OOO. Real estate began to PICK up on
Monday and was active all week. The transac-
tions SO far as obtainable have been reported
from day to day in this department OF IHE
DISPATCH. The number of deeds filed for
record was 229, representing SS7OSS1.
Said a prominent merchant OIL wnom re-
uuested an opinion: with the assurance OF
good crops, and with stocks OF all the leaolng
commodities very low or completely exhausted,
the fall trade cannot be otherwise than actlVe
In fact the conditions favor BOOM.
Building operations fell off somewhat last
week in consequence of bad weather Inc
number of permits issued was 80, all for small
and medium-sized houses the estimated value
of which is sos, ass The largest permit was
taken out by Casper Balstensperger for eight
brick two-story buildings on Ann street, Tenth
ward. The next largest was taken out by Mar
garet Wilkinson for four brick two-story houses
on Main street, Seventeenth ward.
A contractor vented his feelings thus: 1.-THE
beastly weather OF the past two or three weeks
has almost knocked me out. have NUMBER
of houses under contract to be finished by Sep
tember l, but haven't been able to do thing
on them, Other contractors are in the same
predicament. If the rain doesn't let up pretty
soon we will have to throw up the sponge"
overheard the following conversation on
Fifth avenue yesterday. 1t was between two
friends who had not met for some time:
Mr.. A-Where are you living, John? heard
you had moved from Allegheny.
Mr.. B-My home is near the mute school at
Edgewood. 1 left Allegheny several months
ago.
Mr.. A-what induced you to move to Edge
wood?
.B-I bought an acre lot there last fall on
easy terms and soon sold enough OF 1t to al
most pay for the lot and house occupy twas
the best speculation of my life. The place IS
delightful, and is fast filling up with good peo-
pie.
Mr.. A-Wen, you were lucky, or sensible
Are there any more such chances out there J.?
Mr. B.-Plenty of them; not only there, but
all around the city.
About Is months ago five young people,
among them being lady, having SlOOOO be-
tween them. and who were personal friends OF
Messrs. Black & Baird, made application to
that firm to invest their money in real estate.
The trust was assumed, and the investment
made in vacant land at Roup station. 1t turned
out better than expected, the profit to date be-
ing almost 100 per cent This was considered
good enough, and the youngsters ordered the
transaction to be closed up which was being
done yesterday.
The fortunate speculators have so good an
opinion of real estate that they propose to re-
invest in it through the same firm. They will
probably choose the Squirrel Hill district for
their second venture.
In the course of talk yesterday gentle
man who handles great deal of real estate
said:
For several days the demand for business
houses has been unusually large. Some want
to purchase and others to rent When so many
of the saloons were shut up by the decision of
Judge White, 1 thought that business property
would be drug on the market. But such Is
not the case. Many of the buildings thus va
Gated were suitable for other business, were in
good neighborhoods and were soon rented. A
few good ones are still empty, but look for all
of them to be occupied before the summer is
over"
The demand for this description of property
is an encouraging indication of revival of
business and of confidence in the future.
The following item appears in the Scotch
supplement of the Timber Trades Journal:
"The standing wood on St. Arnold's Hill, Glen
Ogil, Kirriemuir. the property of Mr.. Stephen
Williamson, NJ. P, has been sold to Mr.. Henry
Young, wood merchant The trees, numbering
$3.50 in three lots, consist of full-grown larch
of excellent quality, upward of 70 years old.
The exact price has not transpired but it is re-
ported to be little under f2,0O0" Here is
nearly $4,000 for 70 years growth of timber
not valuable for lumber. Growing trees for
profit is an industry that ought to thrive in
Western Pennsylvania.
#*x
A need of better facilities for the handling
of supplies and products in large manufactur.
ing establishments has led to the adoption in
New York of tramway cars propelled by elec-
trio motors A greater part Of the large mills
being supplied with electric light systems
renders this an easy matter, and it is safe to
predict that before long the electric tramway
will come to be considered necessary feature
in mill equipment
The Southern Lunabermdn of June Is con-
tains portrait of DR.. Charles L. Goehring, of
this city, and sketch of his geometrical wood
carving machine, which was noticed at length