Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-20
LEADS ALL THE REST.
Inducements for Capitalists to En-.
gage In Business In
THE GREATAND GROWING GAS CITY
A Boom In Petroleum Which Lifts the
Market Nearly 0ut Of Its Boots.
BRISK MOVEMENT IN LOCAL STOCKS

If citizens would circulate more among
the mills stores, railroad offices and hotels
where the great industries of the city are
pursued and discussed, they would have a
better opinion of Pittsburg in a business
point of view than they entertain, however
favorable it may be. There is nothing like
seeing. Everything is running full tilt, not
q wheel is idle, not store closed. Produc-
tion is probably at the highest point ever
reached. There are orders ahead TO keep
things moving for months to come. Shut
downs for repairs will be fewer and shorter
this summer than for several years.
This activity, it should be remembered in
passing is not abnormal nor spasmodic. 1t is
natural to the community. which would feel
| lost without 1t. There are fluctuations, Of
course, but they are on the right sIde in the
line of expansion, showing steady gains In the
volume of business. Fears have been ex-
pressed by some of a reaction. There is no
| danger of such a turn of affairs. Pittsburg's
advantages for manufacturing and distributing
are so many so varied and so important as to
keep her constantly crowded with business.
Even summer luls are becoming a rarity, and
those who find it necessary to take vacations
| have to tear themselves away from their desks
Capitalists therefore. who propose to try
their luck in Pittsburg should be perfectly at
ease SO far as business is concerned. They will
| find as much of it here as they want. And as
to values. whether of real estate or anything
else. there is not the slightest danger that they
will depreciate. They are backed up by such
an active demand and assured profits that they
| can't.
Business News and Gossip.
There was considerable talk on Fourth
| avenue yesterday in regard to citizens going
| abroad to invest money that was earned here.
The general opinion was that Pittsburg was
losing nothing by the operations, as at least
two dollars found their way to the city for
every one that left it.
Arch street, Allegheny, is torn up. and rails
for the Cross Town road are being laid from
Montgomery to North avenues.
The paving of Boquet street has caused quite
demand for property along that thorough
fare.
The industries of Pittsburg thriving and
production is maintained at high point. Those
who said early in the year that the iron mills
had enough orders to keep them busy all sum
mer were not far out of the way.
A new industry-the Jefferson Glass Com
pany-will soon be in operation in Washington,
Pa Cathedral lights will be specially.
The following mechanical patents having ex.
pired; they may be appropriated by anyone so
disposed: Rubber cement W. Moshier; water
gauge and feed indicator for steam boilers, A.
S. Goodrich; manufacture of artificial hydrau-
lie cement W. B. Tucker; sectional core, w. A
Butler rotary steam engine. w. Cram; fire and
waterproof composition for ceilings, L. A. Tar.
tiere; separating gold and silver from lead,
Roseway and DePauvile; nail-sorting machine,
q. Bevelander.
Five years ago lot on Fourth avenue was
bought for less than 81, 900 foot front. 1t was
sold recently for s2,OOO which seems to be about
the standard price for property on that thor.
oughfare below Snithfied street.
The Third u. r. Church property. fronting on
Diamond street. was offered for 100000 just Of.
ter the ffe which destroyed the Court House.
Il IA now held at 100000
There was q report yesterday TO the effect
that Congressman Dalseii was diekefiBe for
property on Penn avenue, In the vicinity Of tho
Philadelphia Gas Company building, but no.
body could be found to throw any light upon
II. similar report was In circulation month
or six weeks ago.
The Public Grain and Stock Exchange of
New York (Limited) has temporarily suspend,
ed business, owing TO ths securing of an at.
taehment against 1t by customer in Oswego.
The attachment was made to secure $4,000
There was a sale In New York the other day
of 81, 900 Pennsylvania Company AS at lO95k,
Harry MRrkoe, a prominent broker in Phila- |
delphia, has failed. He was short Of Reading |
and other stocks.
Movements In Real Estate.
There was paucity of new features In the |
real estate market yesterday. Rain was detri- |
meut to business. The bulk of the inquiry was |
for small properties Transactions completed
and reported follows:
Reed B. Coyle q Co. sold to John F. Hart for
John Hastings two-story frame dwelling of
SIX rooms, on Garrison street, Second ward,
Allegheny. with lot 3lx65 feet, for price ap-
proximating S.l0O cash.
Hamnett & Meredith sold a lot on the corner
of Pitt and McNair streets, Williamsburg, 66x
ll2L. for A. G. Bruce ct al to Henry s. Kline.
for 81. 500.
Black Il Baird sold TO Wolfgang Schwartz.
for Jacob P. Durant, lot on Barkheimer
street, being No. 8 in Keely's plan. for $780,
Samuel w. Black & Co., sold for Mrs NJ. r.
Sloane a lot S2x122 in the Blair estate plan of
lots. and located on the southeast corner of
Iytle street and Path slley, Glenwood, Twenty
third ward, city, for $500 cash.
James w Drape Co., sold two houses and
lots on Tioga street and Brushton avenue, East
End for S. $50 cash; also a mortgage on two
houses and lots in McKeesport. of IS, 900 at 8
per cent.
Charles Somers & Co.sold for Dean & Whitley
to Fred Gertler lot No. 81 in tine Fleming Park
plan. Pittsburg and Lake Erie Railroad, 'front.'
rs feet on Fleming avenue and IN depth l25 feet
to an alley, for s2OO they also sold in the same
plan to John Woernle lots Nos. 80 and 33, TO-
yether fronting so feet on Fleming avenue and
LIS feet in depth to an alley, for s40O they also
sold lot No. 90 In the same plan 25xl0O feet to an
,lley, for Dean & Whitley to w. b. Have, for
$3.50; they also sold for James Fl. Aiken to
George Jahnes, lot No. 10 in the Fairmount
plan, fronting 25 feet on Fairmount avenue and
n depth 17O feet, for $3.50.