Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-30
IN THE BUSY WORLD.
A Big Deal in Suburban Realty and
other Good Ones on the String.
REVIVAL IN LOCAL SECURITIES.
The Fidelity Title and Trust Company 0c.
cupies Its New Building.
RURAL METHODlSTS SELLING OUT

There was good inquiry for realty yes
terday, mainly for building lots, and num-
Der of deals were closed up. The most inn
portant transaction was the sale of resi-
dence in Oakland for $40, 900. There was a
report that 500, 900 had been offered for the
Singer property at Williamsburg. 1t is held at
100000.
Local securities developed broadening ten
| dency yesterday, and we're active for ''blue
| Monday" under the influence of a number OF
| good buying orders. The advance in Philadel-
| phia Gas was attributed in large part to re-
| ports of a deal which will reduce the expenses
of the company and probably result in larger
dividends CHARTERS Gas was out of the mar
ket at So A private offer for large block at
81 was refused. Its friends affect to see good
| returns IN the close future. The improvement,
which touches almost everything on the list, is
| probably nothing but a natural reaction from
| the extreme dullness of the past month or two.
! Whether it has come to stay remains to be
seen. but there are good reasons for saying that
| it has.
Enquirer is laboring under mistake. The
old postofice building and grounds belong TO
Uncle Sam and cannot be sold without Con-
gressional authorization. All rumors of
founded. The sale. if at all, will be public
and to the highest and best bidder.
A lot 40 by $50 feet on Wood street. wilkins
burg, was sold to R. c. Snodgrass last week,
for Sl07 so per foot of frontage. Eight years
ago it would have been considered dear at $50
One of the most progressive towns in the
South is Florence, Ala. A year ago the popu-
| mn - mn
aggregate capital employed in the various en-
terprises there is sl5,OOO,OOO. Many Northern
ers, among them several Pittsburgers, have
made large investments in Florence. The fol-
lowing are some of the industries projected or
completed: A furnace about ready to go into
blast, and another partly constructed; stove
factory: hardware company, with a capital of
$500, 600. to manufacture fine building hardware,
etc.; wagon factory. with capital of $50, 600;
an agricultural implement works; a handle
factory; a woodenware factory;a sash, door
and blind factory; cedar bucket factory;a
pump factory; planlng mills: a factory TO make
wooden butter plates such as grocers use;
-four mill; cotton mill; jeans factory;
gingham factory: wooden mill; a cotton gin: a
marble company; roofing and paint company:
shoe factory; a compress, packet and ferry
company; three building and loan companies;
canning factory; several brick factories, and
dummy railroad.
The Fidelity Title and Trust Company de-
serted their old stand yesterday and occupied
their splendid new building on Fourth avenue.
Everything was as bright as a new dollar, and
everybody connected with the institution,
from The porter up to President wore a CHEEKY
smile indicative of pleasure with the change.
The mammoth vault contains about 900 boxes,
with room for several thousand more. They
rent at from SIS to SEQ per year. The largest is
reserved for the use of the company.
That part of the ground owned by the Metho-
dist Episcopal Church congregation at wilkins
burg upon which the old brick schoolhouse
stands, has been sold to Prof. A. M. Van Tine,
a prominent and well-known educator. He
will remodel the'building and adapt it to the
purposes of an academy, where young men and
women will be fitted for college. The consid-
Grafton was 500
Twenty-Five mortgages were entered for
record yesterday. The largest, $4,000 was
given by the Fidelity Title and Trust Company
Fourteen were for $1,000 and up to $1,000
Several others were placed but not settled.
This form Of investment is growing in popu-
larity.
A Pittsburg broker remarked yesterday that
most of the tips that come from Wall street
are given out by broken down speculators Yet
such is the gullibility of portion of mankind
that many of these worthless pointers bring
high prices. Queer, isn't it?