Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-19
LEADS ALL THE REST.
Pittsbufg's Great Advantages for All
Kinds of Manufacturing.
OPENINGS FOX NEW ENTERPRISES.
Trading in Local Stocks Moderately Brisk,
but Values on the Run.
THE NEWS AND GOSSIP OF THE CITY

In keeping Pittsburg before the people
her advantages as a manufacturing point
should not be overlooked. Abundance OF
natural gas, coal and coke, at her very
doors, affords an inexhaustlble supply OF
fuel at about half the cost which other COM
muuities are compelled to pay. She is now
the center of the oil trade of this country.
Her products can be shipped to Southern
and Western markets by rail and river.
where. Homes are easily acquired. The
climate is salubrious and healthiul. Every
thing is in her favor.
Under such favorable conditions her pros
peritv should not excite wonder. 1t is as
simple as cause and effect Great as she is,
she is not finished. No city in the country
is growing faster. She has nearly 1000 in
dustriai establishments, but there is room
for as many more. Manufacturing sites are
numerous and cheap. Capitalists and
tollers seeking to better their condition should
visit PIttsburg and see what she is, and what
she is destined to be, before locating elsewhere.
Law From the Highest Court.
held, in the recent case of Smith ct al. VS. Nc
Groarty, that the filing of a voluntary assign
ment for the benefit of creditors, and of the
assignee's bond, in probate court, under the
statutes of Ohio, did not prevent creditor
who WAS q citizen of another State and had not
become party to the proceedings in the State
court from suing in equity In the Circuit Court
of the United States to set aside mortgage
made by the debtor cotemporaneously with the
assignment The same court held, in the case
of Reynolds VS. Adden. that a citizen of New
Hampshire was not precluded by an assign
ment in insolvency proceedings had in Massa-
chusetts from attaching goods of the insolvent
found in Louisiana.
Business News and Gossip.
Only four permits for new buildings were
taken out yesterday, the most important of
which was for four frame dwellings, at a total
cost of s., 400. The list follows:
Antony Plyth, frame two-story dwelling. l6x30
feet, on Morris street, Fourteenth ward. Cost,
s5S5.
Z. H. Watkins four frame two-story and
attic dwellings. 2Ox4O feet each. on Parker
street, Twentieth ward. Cost, $500.
Gustave Graf, frame two-srory dwelling, 1Sx32
feet, on Smiths way 1hirty-second ward. Cost.
$500
Homeopathic Hospital, brick two-story laun-
dry, l7x50 feet, on property between First and
Second avenues, Second ward. Cost. s.. 800.
Pittsburg business men are 1iven credit for a
large amount of caution. This is the time to
use it.
The foundation for the Hebrew Orphan
Asylum, on the Perrysvlle road. is about COM
pleted, and work on the superstructure will
begin at once.
estate is the best thing to invest in. Financial
spasms lose half their terror to q man who has
a home of his own.
Fate seems to be arrayed against speculation.
The Boston failure adds TO the difficulties of
tho situation.
There were A mortgages on file for record
yesterday, the largest of which was for SIS. 500.
The next largest was for SIS, 900. The smallest
was for sl50 Seventeen were for purchase
money
1t was stated yesterday that the Fisher Broth
ers had leased a tract of land in Woods Run
hollow, part OF the Watson place, and would
soon commence drilling for oil.
Henry M. Long sold 800 shares of Philadel-
phia Gas stock at 30L and 80. Andrew Caster
sold so shares of Electric at S51S, and 25 shares
of Monongahela Water Company at 80.
The gross earnings for the month of August
for 10 railways were S4O 634, 100, an increase of
81, ,5Sl ,225 over last year.
Whitney & Stephenson received the following
by wire from Wall street yesterday: The fall
ure of Gardner, Chase Co.. of Boston, was
magnified. and was used to depress prices of
stocks understood to be largely held in the
East, notably Chicago, Burlington and Quincy,
Sugar and New England.
Acreage is in demand for subdivision owing
to the rapid sale of lots in the suburban dis
tricts.
Movements In Real Estate.