Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-04-26
ONLY A TRIFLE OFF.
Real Estate Business Wonderfully
Active for the Season.
THE PUBLIC PARK AGITATION.
Outsiders Hustling the Syndicate for Dia-
mOnd Street Property.
BROKERS CONTEMPLATING A REST

The slight lull in the real estate market is
not greater than was expected to follow the
April moving. All of the dealers spoken
to yesterday on the subject said business
was better and the prospect more encourag-
ing than at the same time last year. So
long as there is an abundance OF idle money
at cheap rates there is no danger that
houses and lots will go a-begging. The de-
mand for business property is as urgent as at
any previous time this season.
The public park agitation is beginning to
receive its regular summer airing Like the
poor, 1t is always with us. Said a prominent
gentleman yesterday: 81 am in favor of more
breathing spots; they are as necessary to
health as to physical enjoyment. But they
should be located in all cases where they can
be accessible to the toiling thousands, who
have made Pittsburg what it is-one of the
greatest industrial centers in the world. Their
comfort and convenience should be looked to
above every other consideration. The rich can
take care of themselves. Distance is no object
to them, as they have carriages to rid in. The
most of them spend the summer in the country,
or at the seaside OF in Europe, so they will in
no particular need of breaking spots But not
so with the toilers. They are tied to the city
the year round. The location Of parks, there
fore, should have exclusive reference to the
industrial element of our population. As there
is no available ground for large central park
there should be number of small ones dis
tributed through the city so as to be available
to residents IN all sections In fact, each ward
should have park. There is no insuperable
obstacle to this, as ground could be secured if
only the right steps were taken. have no
suggestions TO offer on this point at this time.
This matter is of such paramount Importance
that hope the agitation will not be allowed to
die out until everything needed in this direc-
tion shall have been secured"
Outsiders are so sanguine of the improve
ment of Diamond street that they are giving
the syndicate quite hustle for property on
that thoroughfare. One of them made bid
yesterday on a lot between Smithf1eld and
Wood, on which there is small building, and
will probably get it, as but small difference
as to price remains to be settled. The amount
of money involved is not far from $4,000.
The big vault for the Fidelity Company has
been completed except painting. which will be
deferred until the building is finished. 1t is
the greatest thing of the kind in the city, and
one of the greatest in America. Several bank
ers in New York and Boston have been IN the
city within the past few DAYS to examine II, and
were deeply impressed with its magnitude and
importance as a receptacle for valuables. Some
of the leading local experts in the use Of dyna-
mite were called in TO examine the vault and
give an opinion as to Its safety. They all
readily acknowledged that it was superior to
any of the arts or tricks known to them. 1t is
understood that the plant for the manufacture
of these vaults will be located in Pittsburg.
%#@
The probability is that the Pittsburg Ex-
change will be closed from tomorrow noon un-
til Wednesday. to give the members abund-
ant opportunity to participate in the Washing
ton centennial proceedings. In the present
state of stock and oil trading this would be
about the best thing that could be done, as it
would give the brokers time to count up their
profits and losses and prepare for the new deal
that is on the way. The question will be set
tied at meeting to be held tomorrow.
A New York broker has posted up the fol-
lowing pertinent points of advice as to stock
dealings. which will turn out more successful
in the long range than SO per cent. of the aver
age "tips:' Buy stocks on declines-it is not a
time to sell them. Sell when stocks have had
rise, and the market is strong and every one
wants to BUY. Do not buy then. Do not listen
to street points on this kind of a market Sell
after rise on a strong market. Buy after a
decline on a weak market By pursuing this
course in his own dealings the broker has
amasSed a comfortable fortune