Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-14
Local Business Of All Kinds. Except specu-
latiou. In Good Shape.

Local Business Of All Kinds. Except specu.
latiou. In Good Shape.
Building was active last week, regardless
of the weather. The number of permits
issued for new houses. mostly medium-sized
dwellings, was So, involving an estimated
expenditure of s115, ,32O. The largest permit
was taken out by Frazier 8 Vetter for six
frame two-story dwellings on Evaline street,
at cost of S15,600. F. L. Campo was
authorized to erect q brick two-story house
ON Marchand street. 1t will cost $40, 700.
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 embeilish Fortieth street with two-story
brick at an expense of S. 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 vast amount of busi-
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 rum
ming night and day, but this does not enable
them to keep up with their orders. Immediate
deliveries are impossible
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 trife under the best figure Of the
rally. Large amounts would bring par, or
thereabouts. La Noria closed 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 Cen
tral Traction.
Petroleum was dull and featureless all week
until yesterday, when there was little squirt
in the market which carried it above the dollar
mark for few minutes, but business was too
ligfit to sustain the advance, and the price
dropped to 81 90, where it stood at the close.
In regard to local realty and the outlook
therefor, the Real Estate Record and Buitders
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. They
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
positive advance--a stiffening all around.
Everything is favorable for the continuance of
the conditions which have improved the real
estate market within the past year.
THE 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
increased in the majority OF instances. The
effect of unexampled building operations upon
the unimproved realty is not easily estimated.
It is more difficult than to estimate the amount
of unimproved realty that has been placed |
upon the market within year. One thing 10 |