Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-11
A BUSINESS OPINION.
One of Pittsburg's Foremost Men
Learns Something in New York.
NO BREAKERS GREET THE SIGHT.
improvement in Stock and Oil Speculation
Encouraging to Brokers.
THE NEWS AND GOSSIP OF THE CITY

A level-headed business man who has ac-
quired large fortune in the stove trade,
said yesterday: 81 have just returned from
New York, where had good opportunity
to investigate the financial situation. L
could discover nothing wrong in it. Busi-
ness men said they could get all the money
they wanted at per cent or less. Specu-
lators were the only ones that complained OF
pressure. They prey on the public ana the
bankers prey on them. Wall street Is
land unto itself. Tight money there does not
necessarily imply the same condition else
where.
$50 far as could learn from p rominent mer-
chants with whom talked, business throughout
the country is in excellent condition Oruers
from the interior are liberal, and COLLECTIONS
easy. No better proof of prosperity than TINS
can be found. When people are doing little or
nothing they are slow about paying. Now tnat
the tariff, the railroad strike and the silver
question are practically out of the way, look
for heavy movement in all lines of trade
PIttsburg stands high in the East as held 1or
safe and profitable investment"
Business News and Gossip.
At special session of the Board OF Directors
of the Pittsburg Exchange yesterday after
noon a resolution was adopted calling for
meeting of stockholders on the 10th inst. %
determine whether or not to sell the prop
erty.
The statement that Joseph Horne Co. have
made an offer for the DemmIer property on
Sixth avenue comes from source that leaves
no room for discussion.
The East End National Bank building, on
Penn avenue, is nearly ready for the furni-
ture.
Thirty mortgages were on file for record yes.
terday. The largest was for Sl3S0O. Nine
were for purchase money. A large number OF
mortgages are being satisfied.
Work on 20 stone houses in Boulevard place
is well under way. The stone station house at
Brushton has been in use for about ~ years,
and is as good as ever.
A purchaser can be found for a tract of land
of 20 to 40 acres suitable for subdivision, con-
venientIy located on the lie of the Pennsyl-
yania Railroad.
A gentleman remarked yesterday: "The Ex-
position is doing good work as an educator OF
the people, particularly the young, in the me-
chanic arts. for which it should be sustained.
What they learn there is practical and useful"
The Nineteenth ward, if everything goes
right. will soon have one of the largest brick
and tile factories in the country. 1t will be
controlled by Pittsburg men with Pittsburg
capital.
The vacancy in the clerical force of the
Peoples Savings Bank, caused by the death OF
Mr.. n. G. Won Bonnhorst, has not been filled.
The duties of the office are being satisfactorily
performed by the Assistant Secretary and
Treasurer.
Baxter, Thompson & Co. sold $4,000 worth
of property in the lower part of the city yester-
day at prices ranging from $50 TO $240 foot
This is a strong showing how realty is moving
A large amount of building is going on all
along the Pennsylvania Railroad as far out as
Jeanette. Piles of brick and lumber are the
most prominent features of the landscape.
The large building of the Sewickley Dairy
Company on Church avenue, Allegheny, is re-
ceiving the finishing touches.
The Pennsylvania Manufacturing. Mining
and Supply Company will shortly be dissolved
and the brick works at Conway and coke works
at Dunbar will be sold. The capital stock of
the company Is 100000.