Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-25
FIGURES WON'T LIE.
They Show Large Gain in Business
Over Same Time Last Year.
NEW HOUSES FOR 10000 PEOPLE.
An Abundance of Cheap Money Ready for
Investment in Mortgages.
BIG THINGS PENDING IN REAL ESTATE

of the year-when dogs go mad and men
lose their grip-the amount of business
transacted in Pittsburg last week was sufi-
cient to feel proud over. 1t was, in round
numbers, 81, SOC. 900 greater than for the cor
responding week last year. There are very
few cities that can show such record. There
were no special changes in conditions. The
good time coming" is expected to reach
| this part of the country some time next month.
Everything is ready and waiting for it
A good business was transacted in realty last
week, considering the season and the absence
| of large number of moneyed men. who take
| to land as ducks do to water. There were
few large deals, but the majority of the trans
actions were small. A number of big things
were commenced. but not completed Among
these may be mentioned one of $4,000, involv-
ing piece Of property in the suburbs. ]. II.
Howley is nursing two $40, 900 dickers, which
he hopes will come to head in few days. An
other Fourth avenue agent stuck on S5OOOO
farm in Indiana county, the difference between
buyer and seller being only $500 This informa-
tion from the inside is sufficient to show that
there is more going on than the public is
aware Of
The Introduction of. electricity as a motive
power will never diminish the number of
horses and mules in this country. This state
ment is made in anticipation of a 'kick" from
the blacksmiths. carriage makers and farriers
against the employment of 'new-fangled ma
chimes that rob the laborer of his hire"
-
Speaking of mortgages yesterday. Fourth
avenue broker said: Il know very little about
the condition of the Eastern money market If
there is pinch there it has so far failed to
affect Pittsburg Money is abundant here for
all purposes, and there has been no advance in
rates, in proof of which make this PROPOSE
tion: / viii agree to negotiate ten mortgages
for $4,000 each, or 20 mortgages for 5000 each,
at ~ per cent and tax, within 4S hours after
application. and have the money to hand over
the instant the titles have been examined. You
may give my name to any persons wanting
money on these terms"
One great secret of success in business-the
secret, in fact, of business on a large scale-is
to conceive of it as matter of principle, not
merely as a series of transactions. An emf
nertly successful business man said the other
day that the more he understood of life the more
clearly he saw that it was all done on business
principles. By which he meant not only that
the universe stands for the dollar, but that the
universe is governed by unvarying laws, that
promptness, exactness, thoroughness and hon
esty are wrought into its very hber. On these
business principles all life is conducted-if not
by men, at least by that power which is behind
man. 1t ought to be the ambition Of every
young man to treat his business from this point
of view.
Buyers and sellers of real estate will acquire
many valuable pointers by perusing the adver-
tising columns Of The DISPATCH, where will
be found symposium of the landed inter-
ests, embracing business properties, farms,
manufacturing sites, houses and lots, and many
other things Of vital interest to investors and
spectators, who, as much as any other class of
business men, should be thoroughly posted be-
fore pitching in." This hint is given gra-
tuitously, but it is none the less valuable for
that.
There was quite a squirt of activity in the
building trades last week, 81 permits being
taken out against Al the previous week The
estimated cost is $40. .05O Two of the buildings
TINS authorized will cost something over Sc, 900
each, the remainder being small or medium in
size and price. The number of permits taken
out since January 1 falls but little short of
1900. With good weather and other favorable
conditions during the remainder Of the season,
which it usually the best of the year for out-of
door business, there is scarcely q doubt that
the original estimate Of 1000 will be attained.
Counting five persons to q house. there will be
offered accommodations for an increase of
1000 to the population. This should convince
the most inveterate croaker that Pittsburg 10
not ready to be fenced in.
There are, it is claimed, too many bears
among the stock brokers to give business q |
chance to boom. Here is what q bull says: |
my opinion is that those who are holding |
back orders expecting lower prices are making |
mistake. Under a long siege of dullness values |
have shown no disposition to let go, and it is |
hardly reasonable to suppose that they will |
weaken now, on the eve of the fall trade. Give |
our securities a chance and they will quickly |
show that there is more in them than can be |
seen on the surface
The work on the branch of the Baltimore and |
Ohio Railroad which is to give that road an |
entrance to New York through Staten Island |
is being pushed very rapidly. All the tracks |
have been laid on the Kill Won Kull Bridge, the |
Staten Island Shore is ready for Baltimore and |
Ohio trains, and only about six miles of track |
remains to be laid on Jersey soil. The branch |
leaves the Jersey Central tracks at Roselle and |
runs from there to the bridge, little below |
1t is expected that it will be |
open for traffic within two months 1t is hoped |
that trains may be running over it by Octo- |
berL