Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-10
THE SUMNER EXODUS
Must Bear the Blame for the Little
Lull in Business Activity.
REALTY AND STOCKS SUFFER MOST.
Oil Cresps Up Peg or Two on Attempts Of
Shorts to Get in Out Of the Wet.
THE NEWS AND GOSSIP OF TIE CITY

| THE NEWS AND GOSSIP OF TIE CITY
A broker In real estate, whose Office Is on
Diamond street, hunted upa gentleman yes.
terdsy in order to close deal involving
over 500 900. When found he was moi
ready for business. He told the broker that
he had lust purchased a ticket for the East,
and vould do nothing until he returned. The
broker could do nothing but submit Thus an
other big transac ton is hung up on account OF
abseuteeism.
This illustrates the situation generally and
shows the difficulty Of doing business. There
has never been summer when local trade was
greater. At least half Of the people who make
and sustain the markets are out OF the city.
Real estate and stocks suffer more from this
cause than other interests That there should
be fairly active movement and stable values
under such condition speaks well for the
present and Is encouraging for the future.
SomethIng Worth Remembering.
The elevator is necessary appendage to all
modern business houses. Yet It has draw
back-the sickness it causes to many when the
car Is suddenly stopped. One day last week a
lady ascending to the seventh floor Of build
| ing on Fifth avenue became 50 sick that q doc
| tor had to be summoned To people OF . deli.
| cate constitution this sickness Is often such a
| serious matter that to them the elevator is q
dangerous blessing. The unpleasant result
can be avoided, local physician says, by OBJ
serving simple physical laws. Elevator sick
ness is caused by the same law that throws a
| person to the ground when he gets of . NOV
| ing car in the wrong way. The stoppage Of the
| elevator car brings dizziness to the head and
| sometimes o nausea to the stomach. The
internal organs seem to want to rise into the
throat.
All this comes from the fact that all parts Of
the body are not stopped at the same moment
Of time. The feet being next to the car floor
stop with the car, while other portions Of the
body continue moving. If the body as whole
can be arrested at the same time with the feet
| there will be no sickness. This can be done by
placing the head and shoulders against the car
frame. Then there will be no sickness.
Real Estate Well Managed.
1t is an encouraging fact that most of the big
deals in realty In this vicinity have been made
to individuals or syndicates, so-called, Of
abundant means and high business standing,
who will either improve or make It a condition
|
no love for dead property. They 60 into a
neglected district and it blossoms like rose.
Buildings spring up, homes are established and
all kinds of business benefited. This is what
has brought the East End SO prominently to the
| front as q residence district. The Southside
and the West End are picking up under the
same enlightened and progressive policy
1t a great mistake to think it makes no diff
ference who buyers are. Live men are fire.
quently worth more to backward district
than the money they invest. An illustration Of
this is seen at Ben-Venue. By skillful manage
ment 1t has been won from the goats ana made
one Of the brightest spots on the Pennsylvania
| Railroad.
| go
A Good Time TO Invest,
This is bad country for croakers. The man
who always fancies the world is going to the
dogs has no place here. Even the mistakes of
legislation are soon healed over by the inevita-
BILE growth and prosperity. The increase in
| population is steady, and the increase in
production Of wealth is beyond all precedent.
Even the English statisticians admit that the
wealth of the United States in real and personal
property surpasses that Of Great Britain. yet
| the latter country represents the accumulation
Of LOCO years, while the United States repre-
sents the business of one quarter of that time,
Therecan be no doubt of a profitable field for
enterprislng and industrious manufacturers in
| the United States and especially in Pittsburg,
while such elements Of prosperity are promi-
| nent on all sides. 1t is . grand time TO extend
ones business, and be able to:meet the inevita-
| BILE increase In the demand for standard
goods
| Business News and Gossip.
The rain did good thing for Pittsburg con.
sumers by cheapening vegetables. It was
money in their pockets.
More old houses have been remodeled or
otherwise improved this season than ever be-
fore in the same length of time. This is next
to building. The carpenter and the painter are
| the greatest of modern wonder workers.
Only q mortgages were on file for record
yesterday. The most important was for s1U, 600
| Four were marked purchase money.
A man who was formerly engineer on the
Pennsylvania Railroad has cleared about s., 900
this year by building and selling houses.
The resonant voices OF the locust, the katy.
did and the frog are heard nightly in the Edge
wood forest. There are bird concerts morning
and evening. These are irresistible attrac-
tions, as shown by the scramble for building
sites.
A bicycle factory is to be built at once at
Huntington, w. Va.
A local manufacturer is figuring on Is acres
of the Blair estate, Twenty-second ward,
whereon to erect an extensive plant.
Controller Lacey said yesterday that the
Sherman bill to reduce the amount Of bonds
to be required of National banks would have
the effect of putting into circulation something
like sl5. .OG0 600 in bank notes. which would be
conveyed at once by the automatic action OF the
law, as it were to $500 different cities IN which
National banks are located and where money is
most needed for moving the crops this season.
Hon. Henry A. Weaver is summerlng at
Ligonier, by which his health has been greatly
improved.
The report that Booth & Finn had purchased
400 acres of land above McKeesport for 100000
was not credited on Fourth avenue. 1t is
thought by some to be the Twenty-third ward
dicker in q new shape. II. q. A. Stewart, who
is associated with Messrs. Booth & Finn in real
estate matters and who left the city yesterday
on fishing trip, intimated that there was moth
ing in the story.
Twenty shares OF the stock Of the Lima OIL
Exchange have been subscribed for here The
par value is s50 20 per cent Of which has been
called.
The railroad tie-up in the East was fruitful
topic of discussion in local business circles yes
terday. It was the general opinion that it
would be of brief DURATION and have little effect
In this city.
Movements In Real Estate.
The DR.. Addison Arthurs property, i've
acres. In the Thirteenth ward, bounded by
Alleouippa Wallace and Wadsworth streets,
was sold at Orphans Court sale during the
week for $4,000 A. G. Watkins was the pur-
chaser twill be plotted and put on the mar.
ket.