Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-24
TEMPER OF TRADE.
Good Movement Wish a Rosy Prospect for
the Coming Autumn.

Good Movement wish a Rosy Prospect for
the Coming Autumn.
Business last week was largely of the kind
described as average" There was fair
movement of the leading staples. but new
features were conspicuously scarce. All
agreed that the prospects for the fall trade
were as good as could be desired. Stocks
and oil were in the rut all week, but both
were remarkably well sustained under the
circumstances. Sales of stocks on call and
otherwise were 5,s42 shares Coke was better
and iron firmer. s-t,
Business in mortgages was lighter than usual,
the number recorded being 1876, of a value of
S29l sos. The largest was for $4,000. A num-
Der were placed but not settled. OF these one
was $500 Real estate began to pick up on
Monday and was active all week. The transac-
tions SO far as obtainable have been reported
from day to day in this department of THE
DISPATCH. The number of deeds filed for
record was 229, representing s370S37.
Said a prominent merchant of whom re-
quested an opinion: with the assurance of
good crops and with stocks of all the leading
commodities very low or completely exhausted,
the fall trade cannot be otherwise than active.
In fact, the conditions favor BOOM"
Building operations fell off somewhat last
week in consequence of bad weather. The
number of permits issued was 80 all for small
and medium-sized houses, the estimated value
of which is s95 456 The largest permit was
taken out by Casper Balstensperger for eight
brick two-story buildings on Ann street, Tenth
ward. The next largest was taken out by Mar
garet Wilkinson for four brick two-story houses
on Main street, Seventeenth ward.
A contractor vented his feelings thus: 1.-THE
beastly weather OF the past two or three weeks
has almost knocked me out have number
of houses under contract to be finished by Sep
tember /, but haven't been able to do a thing
on them, Other contractors are in the same
predicament. If the rain doesn't let up pretty
soon we will have to throw up the sponge"
$3.50
The following item appears in the Scotch
supplement of the Timber Trades Journal:
''The standing wood on st. Arnold's Hill, Glen
Ogil, Kirriemuir. the property of Mr.. Stephen
Williamson, NJ. P, has been sold to Mr.. Henry
Young. wood merchant. The trees, numbering
$3.50. in three lots consist of full-grown larch
of excellent quality, upward of 20 years old.
The exact price has not transpired, but it is re-
ported to be little under $4,000" Here is
nearly $4,000 for 20 years growth of timber
not valuable for lumber. Growing trees for
profit is an industry that ought TO thrive in
A need of better facilities for the handling
of supplies and products in large manufactur-
ing establishments has led to the adoption in
New York of tramway cars propelled by elec-
trio motors A greater part of the large mills
being supplied with electric light systems
renders this an easy matter, and it is safe to
predict that before long the electric tramway
will come TO be considered a necessary feature
in mill equipment
The Southern Ltmberndn of June Is con-
tains portrait of DR.. Charles L Goehring, of
this CITY, and sketch of his geometrical wood
carving machine, which was noticed at length
in THE DISPATCH some months ago.
Captain Barbour labored hard and earnestly
to excite at least a show of interest in stocks
Saturday, but the effort was in vain, 30 shares
of Electric at 505T being the only transaction.
There was a scramble for bank. bridge and
railroad stocks, but the only result of it was
the placing of long array of figures on the
board. Bids and offers we're far apart in most
ases, and as there were no imperative orders
no attempt was made to bridge the chasm, and
the result was one OF the tamest markets of a
very tame week. There was no change in
prices worth mentioning.
Gossip was generally bullish. Electric, It was
held by some. would soon emerge from under
the cloud that has obscured It for some time,
and, like truth, rise again. Its firmness under
peculiarly depressing circumstances waspointed
to as evidence of inherent strength. Friends Of
the gas stocks were also sanguine of an i'm
provement, as result Of larger earning and