Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-12
WILL BE ORGANIZED.
Steps Being Taken to Put the San
Carlos Silver Mining Scheme on
A MILLION DOLLAR FOOTING.
Manufacturing Advantages Of Pittsburg
Making Impression Abroad.
MAGNITUDE OF LOCAL CORPORATIONS

The promoters of the San Carlos Silver
Mining Company. of Pittsburg, have deter
mined to organize company with capital
of 81, ,OOO, 900, in 100000 shares, at par
value of $40, and place the stock on the
market on the following basis: 55,ooo
shares to be placed at Sc per share, payable
50 share on organization, 81 share SIX
months thereafter, and 50 a share IN IL
months, alter which paid-up certificates
will be issued at a par value of $40 share
and be enon-assessable.
This money will be used in the erection
of plant OF 125 tons capacity. The prop
erty is now being worked, but, with the addl-
tional capital to be raised, development Will De
vigorously pushed. At least so per cent OF the
Stock it is expected, will be taken in Pitts
burg.
Now that the natural gas scare-fear that tne
supply was failing-has subsidized. business men
in other cities are once more talking OF pulling
up stakes and locating in Pittsburg. She pos
sesses advantages for manufacturing many
lines of goods which render all attempts TO
compete elsewhere abortive- real estate
broker on Grant street remarked yesterday:
II look for some important additions to our
business population before many months roll
round. have received letters lately from four
or FIVE firms in Eastern and Western cities re-
questing prices of business SITES cost of building
and other information, which lead me to THINK
they are seriously considering the practicaDillty
of locating here. One or two of them said they
preferred to rent for while. One is in the
wholesale leather business and expressed a
preference for Wood street."
This is gratifying as we'll as encouraging.
PittsDurg has risen superior to the dlsadvan-
tages formerly attaching to her insular position
and is reaching out like an octopus for the
trade of the continent Although she is imam
cially able to carry forward all of her great
enterprises, outside capitalists are invited to
come in and assist in the work of industrial
development. There are boundless possibilities
here for brains, muscle-and money.
-
Whitney & Stephenson's "Blue Book" copy
of which has been received at this Office, is
complete directory of the banks, insurance and
other corporations of Pittsburg and vicinity,
compiled from authentic sources. 1tenumerates
1,092 corporations doing business IN western
Pennsylvania, the capital stock of which ap-
proximates S150, 600 600. Those having capital
of 81, 900 600 and over are the following:
Allegheny Light Company. 81, ,250, 600; Allie
gheny Gas Company, 81. .0O0, 0OU: American Ger
taldo Marble Company, 81, 100000: CHARTERS
Valley Gas Company, 81, ,OOO, 900; Citizens Trac-
tion Company. s2,500.000; Central Traction
Company, 81, 900 900; Crescent Steel Company.
81, ,000, 600; Great National Petroleum Company,
s3OOO,0O0: Iron City Brewing Company, s., ,20O,-
OOO; Murray Oil Company. 81. .OOOO 900; Moorhead,
McCieane & Co., 1900, 600; Monongahela Fur
mace Company, Sl.0OO.0OO Monongahela Nat
ural Gas Company, sl,OcO,OoO; New York and
Cleveland Gas Coal Company, 81, O00,O 600; Oliver
Iron and Steel Company Sl.0Oe 600; Pennsyl-
vania Salt Manufacturing Company, 81 600, 600;
Pennsylvania Natural Gas Company, 81, 600, 600;
Pitrsburg and Stewards Run Oil Co., 81, ,OOo0 900;
Phosphor Bronze Company. sl,0OO,0OO Pitts
burg and Birmingham Traction Company,
81 100000; Peoples, Natural Gas and Pipeage
Company, 81. 600, 600; Pennsylvania Lead Com
pany 81, ,OOO, 600: Siemens-Anderson Steel Com
pany 1000 600; Standard Underground Cable
Company, 81, ,OO0 600; Westinghouse Airbrake
Company S50O0OOO; Westinghouse Electric
Company. SIS, 100000; Woodruff Parlor Car
Trust, SS.0O0.0OO.
There are'l2 passenger railway companies, 10
bridge companies. 9 local railroads, incline
plane companies, rs banks Of all kinds and q
insurance companies.