Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-23
PICTURES OF TRADE.
Nothing Like Boom. but n Steady Broad
ening and Widening-The Standing
of the Local Stocks-Satur.
day Oil Market Range,


Daniel Webster in his reply to Hayne
said: Massachusetts, needs no defense.
There she is; look at her," The same may
be said OF business. There it is; look at it.
1t is good, and is getting better right along.
Dun & Co. say so. BradStreet's say so.
Pittsburg bankers, merchants and manu-
facturers tell the same story.
There is no hurrah about it, no pyrotech-
mics, no boom, nothing exciting, but slow,
steady healthy expansion which touches
and WHITES every part of the industrial system
Fortune smiles and the country prospers. DR..
Croaker might as well take in his shingle.
The traction stocks, with the exception of
Central, have been for some time almost en-
tirely neglected, owing mainly, it is surmised
to the refusal or neglect of the companies to
furnish the public information as to toearnings
and profits, compelling investors to take all the
chances Central has recovered somewhat from
the scare caused by the Fourth avenue grade
complication. Bank and bridge stocks are in
first-class demand, with frequent appreciations.
as was shown yesterday, when l35 was bid for
Fidelity Title and Trust Company.
The bidding denoted an active demand for
insurance stocks, but the figures were for the
most part nominal The years losses have been
heavy, but as business is improving the out
look for them is encouraging. Yankee Girl
still holds her head high among the mining
stocks Her recent strength is due to a report
apparently well substantiated, that the lost
vein has been found. So far as the public
knows, La Noria never had vein to lose.
There is always something new under the
sun. The latest business venture, and one en-
tirely new in its inception and scope, is the
organization IN New York Of the Drygoods
Credit Guarantee and Indemnity Company, for
the purpose of extending to the general field of
commercial credits-nor confined to the dry
goods trade (as the name might seem to IMPLY
the same or like protection to that afforded
by fire and life insurances in their respective
lines. The capital is sl,OOo,O00 with an indem-
nifty fund of 100000 deposited in the Treasury
of the State of New York. The primary object
of the company is the making good to the cred
itor bad debts: and it starts out with good
promise of a successful career. Orlando NJ.
Harper, a son of President Harper, of the
Bank of Pittsburg and formerly resident of
this city, is one of the promoters and stock
holders.
There continues to be healthy movement in
realty down the Fort Wayne Railroad at Bell
vue and vicinity and if all the projects that are
nnder way are carried out, as they no doubt
will be, that district will soon claim the distinc
tion of being one of the handsomest around
Pittsburg, as well as one of the most populous
Surveyors are laying out the Bayne tract, ITO
acres, sold some time ago for 100000. 1t will
be subdivided and made ready for the market
by spring, or sooner Work on California
avenue is progressing. and it Is being extended
through Bellvue and on down toward Ems
worth and Dixmont AS soon as this fine thor
oughfare is finished, work will begin on one
or both of the electric roads, which, with the
Fort Wayne, will give citizens of the valley
transit facilities equal to those Of any other