Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-19
NOTHING TO CRY FOR.
Business Shows Some shrinkage but Not
Too Much for August.

Business Shows Some shrinkage, but Not
Too Much for August.
From local standpoint, business last
week presented very little that was new,
either in conditions or volume of transac-
tions. There was some shrinkage in the
latter, as compared with previous weeks,
but as it was nothing unusual to the dullest
part of the year, there was no surprise or
comment. Iron was distinctly frmer and
active. The bank clearings were about $3.50, 600
greater than for the corresponding week in
1888.
The money outlook for the fall is promising
and healthy. The great Northwest crops have
settled the matter for this year. The move
ment of this vast product will begin very
shortly, requiring large amount of money.
and drawing upon the railways and steamship
lines on the lakes. This movement of crop
from West to East, and thence across the
ocean and throughout the country East, has
become one of the great features in financial
and transportation matters, and is looked for
ward to annually with great interest by the
money centers and the great lines Of railway
and their foreign connections.
The situation among the Northside passen-
ger railway companies is becoming very inter-
esting. There is good reason to believe that
within short time there will be but one CON-
pany operating between this city and our big
sister across the Allegheny. A line is also pro-
jected up Troy Hill, and another to Millvale,
which suburbs are showing a healthy growth.
In the meantime the Pleasant Valley is push :
ing ahead with its new electric system and
promises completion by December l. The
managers of this road have shown q very COM
mendable energy and push which allowed no
obstacle to interfere with their progress The
Northside people can congratulate themselves
that the road will furnish the best facilities
for rapid transit.
A case bearing out the truth of the adage
that delays are dangerous, in business as well
as other matters, has just come to the surface
in this city. A few weeks ago sale of real
estate was made with the understanding that
the deed was to be delivered August L This
allowed ample time for the examination of the
title, but the purchaser delayed to place the
papers in his attorneys hands until almost the
date set for the delivery of the deed. Then
more time was asked and allowed. While the
examination was going on. the seller took sick,
and he died on the day fixed for the purchaser
to lift the deed.
The result of this unnecessary procrastina-
ton on the part of the purchaser is that he Is
compelled to wait for the property until the
Orphans Court can act upon the sale and give
the heirs power to close up the transaction,
which may take several months, and will add
largely to the expense Of both parties. All of
this trouble could have been avoided by prompt
action on the part Of the purchaser.
The stock market Saturday was more fruit
full Of figures than business, but even the
former showed a considerable falling of for
Saturday. There were no sales Changes in
quotations were unimportant, there being no
material declines or advances.
The FOLLOWING table SHOWS the prices or active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DIsPATcH by
WHITNEY q STEPHENSON, Oldest Pittsburg menu
bers OF New York Stock Exchange, 81 Fourth ave-
nue.:
Clos
Open High Low. ing
ins. est est. Bids.
zssi.. z%i .'isSe Top. S y. To-. IT,. s4 81 - aa