Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-04
THE BOSTON SCHEME
For Market House ON the Allegheny In
dorsed By High Authority.

For Market House ON the Allegheny In.
dorsed by High Authority.
Hon. David Kirk indorses the Boston
gentleman's scheme for building a market
house on the Allegheny river, as presented
in The DISPATCH few days ago, Mr..
Kirk said yesterday: sit is coming to that.
Land in the heart of the cities is already
too valuable to be wasted. The market
houses occupy much space that should be
devoted to other purposes. A market
house on the river, as proposed, would
afford the necessary relief.
81 think the scheme is entirely feasible.
The cost would not be great Bonds issued
to pay for the work would command a
premium, and could be paid off with money
received for rents and other market privileges.
Such building would be great advertise
ment for Pittsburg."
The oil crowd had good reason yesterday for
taking more interest in the New York stock
quotations than in the commodity to which
they are supposed to be welded. It is reported
that good many of them lost heavily on the
break in the Cotton Oil and Lead Trusts.
1t is also strongly limited that quite number
of Pittsburg spectators not connected with
the Exchange dropped large amounts on the
same delusive securities. The child immortal
lied in the old saying knew nothing about fire
until it burnt its finger, Then it kept at safe
distance.
A Pittsburg gentleman just returned from
visit to Kansas City, said Yesterday that real
estate there is advancing so rapidly that moth
ing but cabls car can keep up with it, so they
have built 60 miles or more of cable lines in
that city. The gentleman was SO favorably I'M
pressed with the appearance of the place-with
its business hustle so like Pittsburg-that he
thinks Its destiny is to become one Of the great
cities Of the country.
Quite a number of old-time Pittsburgers are
in business there.
There was nothing peculiar in business condi-
tions in Pittsburg last week. The iron market
was less excited. but active and firm. Money
was plenty at 6@7 per cent with certainty of
continued ease during the remainder of the
year. There was liberal movement Of all the
staple products, with values about steady. Real
estate developed considerable activity, and
number of important transactions were con-
cluded. There was a good inquiry for and
large number of sales of small properties.
In local securities the break in Philadelphia
Gas was the feature of chief interest It re-
covered most of the loss and closed steady. Pc
troIeum was for the most part active and firm.
1t reached the highest price recorded for nearly
five years. but weakened under free realizing,
closing steady at 1867.
Sales of local stocks on call yesterday were
24O shares, the contributors being Philadelphia
Gas, Trust and regular, Central Traction,
Switch and Signal and Columbia OIL There
were no important changes. Philadelphia Gas
held close to the closing price of Friday, with
light offerings. The Trust brought 80. The
other natural gassers about held their own in the
bidding. Central Traction opened fractionally
higher but lost the advance and closed weak.
The other fractions were neglected. There was
a better feeling in Electric 49 being asked.
There we're no quotations on insurance
stocks. indicating chat they are held above the
market. Bank shares were in good demand.
but none of them were gathered in. Bidders
will have to use longer poles to knock these
persimmons.
stocks on the New York Stock Excnange yester-
day Corrected daily for THE DISPATCH by
WHITNEY STEPHENSON. Oldest Pltlsburg mem-
bers of New York stock Exchange, 81 Fourth ave-
nue.;