Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-25
1T MIGHT BE WORSE.
Speculation in Pittsburg Not to be
Judged by Foreign Standards.
A GOOD LINE OF SECURITIES.
Small Trades in Pennsylvania Oil, but
Buckeye an Unknown Quantity.
THE NEWS AND GOSSIP OF THE CITY

A broker, in discussing the local STOCK
market yesterday, remarked: GA great
many people who don't fully understand the
business characteristics of Pittsburg, fall
into the error of supposing that trading in
stocks amounts to little or nothing. This is
wide Of the mark. They expect too much.
Pittsburg is not speculative center, and
probably never will be. She offers too
many opportunities for investment in other
directions for speculation to flourish like it
does in New York, Chicago and other cities.
where it is the chief or only interest. Sales
of 1000 to 1000 shares in day, as has hap
pened, and will no doubt happen again, is
big work here, but nothing at the great
speculative centers.
1.-The point want to make is that Pitts
burg occupies an anomalous position in the
speculative field. She is unlike any other
city where this interest is purs ued, and can
not with fairness be brought into compari-
son with other markets While making no
noise and attracting little attention beyond
the circles of brokers and investors, the
aggregate of sales on and off Change amounts
to so respectable figure as to rank as an i'm
portant factor in the prosperity of the city.
Those, therefore. who think that speculation
in Pittsburg amounts to little or nothing should
revise their opinion.
Indications of freer movement than at
present in local stocks are not wanting. Large
amounts of trust funds set free by the sur
render Of Government bonds are seeking IN
vestment Large additions to the volume of
currency by Congressional enactment and the
return of funds from the South and West are
turning the attention of investors to stocks and
bonds, as a source of revenue. To all who are
speculatlvely inclined, Pittsburg offers line
of securities of established merit They repre-
sent many of the leading interests OF the city,
have permanent value, and are certain to
yield large profits"
Business News aud Gossip.
The work of laying out new town at Par
nassus is proceeding quietly and steadily.
Engineers are establishing streets and bound
aries and attending to other preliminary mat
ters There have been seve raj inquiries for
manufacturing sites within few days
Home seekers are taking quite fancy to the
Highland Park district, as shown by the active
demand for building sites out there. Its con.
venience to the business center is strongly in
its favor.
Accidents to person and property are of daily
occurrence, but their effects may be mitigated
wholly, or in part, by insuring with the Ameri-
can Casualty Insurance and Security Company,
of Baltimore, whose advertisement appears in
another column. This company insures en-
ployers against all liability on account of the
personal injury or death of employees, resulting
from any aud every accident, happening to
them while in active service; or this insurance
may be effected when the employer Is not
liable, and may also include his liability toward
the public in case of accident. Another dis
tinct feature is protection to steam users
against all property losses caused by accidents
to, or by, boilers. engines. elevators, steam
pipes, automatic sprinklers. or other specified
The contract for completing the Neville
Island bridge expires October l5 after which
time forfeit may be exaeted. To avoid this
the contractors are crowding the work as fast
as possible, and there is little doubt that the
with the main land will be made in |
'ide of 80 days.
The Scranton Board of Trade invites the CO. |
operation of similar bodies in PENNSYLVANIA in |
organizing a State Board of Trade, the pre- |
iminary meeting to be held in Scranton as soon |
Is possible.
1t is understood that the Duquesne Traction |
Company will extend their line along Walnut |
street east from Aiken avenue. and that an |
effort will be made to have the street graded |
and paved before the rails are laid. This would |
save property-ownerj great deal of trouble |
and annoyance
Mr.. c. Beringer is home from business trip
to Kentucky and Tennessee. He met num-
Der of Pittsburgers who have located in the
after State, and they reported they were doing
we'll.
Twenty-six Of 43 mortgages on file for record