Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-29
WITHIN OUR GATES.
A Universal Opinion That an Era Of Pros.
perity Has Dawned-Interviews
With n Number of Repre-.
sentative Men.


Interviews with a number Of our leading
business men have developed the following
facts concerning the outlook for Pittsburg's
industries the coming year:
John Scully, cashier of the First National
Bank, said: ''The outlook for the coming
year is all that could be desired. Banking
business in Pittsburg was never in better
shape. When iron booms as it is now doing
banks prosper. As an evidence Of the pros
perity of iron industries, the amount of
Lake Superior ores consumed by our fur
naces the past year aggregated 5000, 900
tons, and orders are already placed to insure
a much greater amount for the year to
come"
Charles Dean, cashier of the Union Ma
tional Bank, gave his views as follows: 1.-THE
year now closing is the best we ever had, and
the outlook is just as good for the year to
come. Iron and steel industries were never
in better shape than now. These being the
main industries of our city, banks prosper
when they prosper. Glass and coal have
not been 50 highly famed of late. Our mild
weather has heightened the navigation
season far beyond the average time and
Southern markets are unusually well stocked
with coal for this time of the year. Glass
is depressed, for the reason that every cross
roads where natural gas has been discussed,
new plants are springing up."
A GOOD INDICAT1oN.
John B. Larkin, Postmaster, said: 'tIu
my department business has Increased fully
80 per cent the past five years, and the past
month shows an increase over any previous
month. In 1885, when I took charge of this
Office, the receipts in the money order de-
partment were $133, 900. This year the re-
ceipts have been S209, 900. Every month
since took charge shows q gain, and all
signs point to still greater growth in the
future"
j. j. Porter, of the firm of Porter &
Donaldson, representing one Of the largest
wholesale millinery establishments of the
city, reports as follows:
ain an experience of II years, / have
known no time when the business outlook
for Pittsburg was as bright as 1t is to-day.
In our department there is no boom, but
something better, healthy prosperity
which is not followed by the reaction incl
dent to boOms.
Prices are firm, stocks are unusually we'll
cleaned up, outlook is good and 1 feel as
sure as I can be Of anything in the future,
that we are going to have in 1890 such
year of prosperity as this city has never
known" II
W. E. Schmertz, who has been at the
front in the jobbing shoe industry of this
city for generation, said: "rhe condi-
tions are all here for a prosperous year in
our line and all lines of trade. 1 have
found that prosperity in iron is uniformly
the forerunner Of prosperity in all other In
dustries The conditions are all here for
year Of unprecedented prosperity. Ali 1
fear is that speculative movement may
start which will spoil everything. So far
trade is in a healthy stale, and all signs
point to a year ahead of great activity"
THE OUTLOOK NEVER BETTER
Major Denniston. City Treasurer, said:
AS to this city's prospects for the coming