Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-26
FAITH AND WORKS.
People Who Show Confidence in Busi-
ness by Helping 1t Along.
A TRYING TINE FOR WILDCATS.
Speculative Commodities Down to Bedrock
on Account of Tight Money.
THE NEWS AND GOSSIP OF THE CITY

That moneyed men have faith in the con-
tinued prosperity and progress of Pittsburg
! is shown by the large investments they are
making in various branches OF trade. They
know the people are not speculating, but
transforming natural products into shapes
and forms which render them absolutely in
dispensable to civilized man.
| Railroad companies are not apt to be de-
oeived In business matters. They take no
important step without good reason for it.
That they have confidence in the stability
aud expansion OF the business interests of
the city is clearly shown by the prepara-
tions they are making to handle volume
OF traffic much larger than their present ca
pacity. They are enlarging their yards,
building new freight houses, improving
their roadbeds, adopting improved methods
for running trains so as to reduce time and ex-
pense to minimum, and adding largely TO
their rolling stock. They would not DO this if
| they thought there were breakers ahead.
But confidence in the uninterrupted develop
| ment of the city is not restricted to any par
! ticular class of business men. They all share
| it and show 1t. Occasionally an individual or
a firm may get into trouble the result of
having too many irons in the fire, or of attempt
| ing to do large business on small capital, or
of operating on borrowed money, and there is
no inherent weakness in any of the local ac-
tivities, and where business methods are pur-
! sued profitable results may confidently be de-
| pended upon.
| 1t should be remembered also, as furnishing
| an explanation for much of the pessimistic talk
| and feeling of the past few weeks that the end
! OF the year is almost in sight, when business
must be evened up and balances struck. This
| is always trying period. 1t brings weak spots
IvlI man n
when the year was young, but were really oper-
ating on wind, brought up with a sud den
turn when required to square up at the end OF
the last quarter. To ascrlbe these fatalities to
| business depression, and argue thence that
everything is going to pieces is neither just nor
| reasonable. They are speculative ventures in
| which the promoters had nothing to lose and
everything to gain. The success of some enter
| prises would be far more surprising than their
| failure.
! While this is time to watch every step and
| guard every point to make assurance doubly
| sure, nothing can be gained by indulging dolor
GUS forebodings of imaginary disasters. AT
| the battle of Trafalgar Lord Nelson signaled
| to his fleet: England expects every man to
| do his duty" If every member of this commu-
| nifty will do this there will be no serious
| trouble. 1t will be time to talk about panic
when it comes.
| Business News and Gossip.
Tomorrow being legal holiday, the banks
and Exchange will be closed.
Several important improvements on Wash
ington street are on the slate for next spring.
There be no panic in small dwelling
| houses. The only fear is that the demand for
them will be greater than the supply for years
to come.
1t was learned yesterday that the recent talk
about the sale of st. Peters Church property
was the old story in a new shape. The use of
the name of prominent politician in this con-
nection was without authority.
The Cyclorama building will be offered at
public sale on Wednesday of next week.
Williamsburg will be out of the mud in a few
weeks. Wood street is ready for the pave
ment.
1t is among the probabilities that East Lib
erty will have market house next year. Sew
eral gentlemen are working up the project, and
think they will succeed.
The Risher property, corner of Water and
Ferry streets, was sold through the agency of
David whitmyre. J. G. Klauss, R. D. Ell
wood. j. w smith; George Whitmyre; {. F.
cbarser for the IRON Gty MnS PeT for
the manufacture of flour and feed.
The annual meeting of the Second Avenue
Passenger Railway Company will be held on
Monday next
The most important mortgage on file yester-
day was for $4,000 There were 80 in all of
which lo were for purchase money.
There was no special unhappiness among busi-
ness men on the local Wall street yesterday.
They all expressed confidence that things would
be IN Shlp-Shape in a few days.
A choice piece of property, corner of Third
street and Penn avenue, will DE put under the
hammer at 2 o'clock this afternoon.
The Building Record.
The financial scare has not disturbed the
builders to any perceptible extent. Ten per-
! mts for Il good houses were taken out yester-
day. The list follows:
VIC. Gundelfnger, two frame additions one
story storerooms, SOx70 feet each, on Steuben
street. Thirty-sxth ward. Cost, s., 500.
William Taylor, brick three-story factory, 4Ox
so feet, on Enoch street. Eleventh ward. Cost,
81, 200.
David Hutchison, frame two-story dwelling.
l5x32 feet, on Neville street, Fourteenth ward.
Cost s., 500.
David Hutchison, three BRICK two-story
dwellings, l4x36 feet, and one brick two-story
dwelling, 1Sx36 feet. on Vickroy street, Sixth
ward. Cost 81 500 for all.
William Bereit, frame two-story dwelling Is
x46 feet on Wilmot street, Fourteenth ward
Cost S, 900.
Hugh Finn. two brick two-story and man.
sard dwellings, 17x36 feet each on Vickroy
street. SIKH ward. Cost, "a, 700
Mrs. Lillia Jones, frame two-story dwelling
l6x32 feet on Wicklow street, Nineteenth ward
Cost, 81, 0O0
Frank r. Huff. frame two-story dwelling lex
80 feet, on Wicklow street, Nineteenth ward
Cost, 81, 000
George Gibson. frame twostory and attic
dwelling. 24x32 feet, on Lytle street, Twen-
ty-third ward. Cost, 81, 900
A. Z. Murdoch, frame two-story dwelling 27x
"a feet, on Edwin street, Twentieth ward. Cost,