Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-02
DuII NIarket FOR Hidea.
FACTS AND GOSSIP
Concerning the Business Interests of This
Hive of IndusIy.

Concerning the Business Interests of Hhis
Hive of Industy.
A prominent Pittsburg attorney, whose
Office is in the Bakewell law building, and
who has travelled considerably in Europe, in
speaking yesterday of the project for build
ing market house on the Allegheny river,
said: 'The idea is good one, but think
it can be improved. In place of market
house would cover both sides Of the bridge
with stores, handsomely fitted up, with glass
fronts and every convenience for business.
I saw such bridge over the river Tyne,
near Newcastle, England, and it struck me
at once that something of that kind would fill
a great want at Pittsburg, where ground for
business purposes is scarce and dear.
Il have made mental calculation of the
cost and the income from such structure, and
am convinced that the rental from the stores
would be sufficient to pay all expenses in about
five years. The two cities would then have a
valuable property free of cost. But If the
cities should refuse to have anything to do with
it. the building could be put up by private en-
terprise, no large amount of capital being re-
uuired, and am confident it would be good
investment I think the matter Is worth look
ing into further"
Landlords should lose no more time in sign
ing the agreement to change moving day, if
they want it to go into effect nextspring. If they
hesitate much longer it will be taken. as proof
that they do not favor the change. Do they de-
sire to assume that position?
That business generally possesses substan-
tial backbone was clearly demonstrated last
1ula yUikhSfOO6
saults of several confiagrations which wiped
out millions of dollars worth of property. Of
course, these heavy losses had a depressing
local effect but their influence at large was
scarcely felt. The great industries of the
country are so well distributed that disaster
to any of them in one place only stimulates
greater activity in another.
Locally, complications growing out of the at
tempts to get at the bottom of the Lawrence
Bank failure, afforded about the only diversion
from the usual run of events Notwithstanding
the Intervention of a holiday, and the conrinu-
ance of bad weather. all departments of regular
trade were in a four1shing condition, as
shown by the Clearing House reports. The bank
exchanges for the week were s, ,O55 625 16larger
than for the corresponding time last year, and
for the month IS, ,526, 635 "a larger. There was
great activity in real estate for the season and
many important transactions were effected.
On the whole, the business of the week was
satisfactory and encouraging, showing that it
rests upon a solid foundation, backed up BY a
good demand and abundant capital.
$50
This week THE DISPATCH may be able to
throw some light on the real estate movements
on the Monongahela river front, referred to
Yesterday In this connection it may be
stated, without violation of confidence, that
one of the deals is about closed up.
The following table shows the prices or active
stocks on the New York Stock Exchange yester-
day Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON, oldest Pittsburg mem
bers Of New y OrK Stock Exchange. 81 Fourth ave-
nue.: