Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-03
Stock and Grain Gossip.

Stock and Grain Gossip.
From yesterdays Wall street and Chicago
correspondence of W. w. Veusel, lis Fourth
avenue, the following of interest to local in
| vestors is culled:
The failure of the Bank of England to ad-
| vance its rate produced a favorable influence
upon the London market which was reflected
by higher prices at our opening here, but
shortly after the opening hour the bears be-
came active and sold stocks literally on early
information in regard to the Chicago, Burling-
ton and Quincy statement, the exhibit made by
this company being even worse than had been
anticipated. Reports from Boston indicate
considerable disappointment there and made
the feeling on the Granger stocks decidedly
bearish. The result was a fractional decline
for all the shares interested, which affected the
general list and caused generally lower prices
at the close. Money was bid up to S per cent
by the bears as a side demonstration, and all
told there was nothing particularly encourag
ing from bull point Of view to-day.
Notwithstanding these unfavorable influ-
ences we continue hopeful and believe in the
bull side. Our reports from general trade and
mercantile circles are very encouraging. The
cotton crop is likely to be the largest we have
ever had. We are getting higher prices for
our grain, and even if we do not export the
mate trade is active. collections are reported as
better, and our manufacturing interests are
certain to be benefited by the tariff law. The
result will be that the country will make
money.
At Chicago wheat closed dull and easy. The
shipment of 4,SS0000 bushels from India. Bal
tic and other ports for the week. Byddstreers
report of an increase of 2,35SO0O bushels in the
available supply, and lower cables caused
1,al~s
weather interfering with farmers deliveries
in the Northwest caused the shorts to operate
carefully, and the result was a very quiet mar
ket. Corn was easier. with Hutchinson free
seller. Oats were quiet and dull. Provisions
were lamer on the publication Of stocks, which
were larger than the public expected.
News OF the st, Get.
The scramble for houses next spring prom
ises to be Unprecedented. Tenants should hold
on to their places unless they have q certainty
of securing others.
W. A. Heron & Sons-The delay in furnish
ing street improvements in the East End hurts
the sale Of property out there to some extent.
Contractors would earn the everlasting graft
tuds of the people by rushing their work.
The most important of 20 mortgages on file
yesterday was for sc, coo. Eleven were for pur-
chase money.
C. Reilly-The value of real estate on
Wylie avenue, between Fifth avenue and Tun-
mel street. has greatly increased in the past
year or two. but above Tunnel street there has
been no perceptibe change. The drift of
things is that way. however, and l think the
entire avenue will soon fall into line with the
progressive thoroughfares.
Investors should bear in mind the Orphans
Court sale of valuable Diamond street prop
erty on Saturday. 18th inst.
An East Ender talking about things gener.
ally yesterday, said Gazzam's Hill could easily
be converted into a handsome park, and Is
worth little for any other purpose. Being CEN
trally located, 1t could be reached by q large
number of people, who will probably never
find time to visit the Schenley breathing spot
The hill contains between eight and nine acres
The Coleman property. Is acres, adjoining
Homewood Cemetery, is being prepared for
subdivision by W. A. Heron & Sons and will
soon be put on the market An additional sup
ply of lots is needed in that locality.
Something may happen on the Allegheny
river front one of these days which will re-
quire six figures to express its value.
1t is understood that the firm name. Henry
A. Weaver d Co., will be continued.
Two mortgages for $40. .000. 900 each, given by
the Missouri, Kansas and Texas railway, one of
them to the Mercantile Trust Company and
one to the Central Trust of New York have
Just been placed on record at Nevada. Mo.
They are to secure the issue of $50 600 900 in
bonds, and run 100 years at 4 per cent
The annual election of officers and directors
of the Pittsburg Gas Company will be held
from IL to 2 O'Clock on Monday next.
New Buildings.
The week will be one of the best of the year
In the building trades The following permits
were issued yesterday:
Mennerchor SRngerbund Hall, frame two
story and basement clubhouse, 5OxI45 feet, on
Southern avenue, Thirty-second ward. Cost
sll, ,0O0
Pittsburg. Virginia and Charleston Railroad
Company, frame twosrory station, 2ox4O feet,
on Thirtieth street. Twenty fourth ward. Cost,
81, 400.
Alexander Manghan, frame two-story dwell
ing l6x32 feet. on rear Rose street, Thirteenth
ward. Cost, $500.
John Mantz, frame one-story kitchen, I2xl6
feet. on Sidney street, Twenty-nfth ward.
Cost, $3.50
E. b. Noble. two frame two-story dwellings
15x2S feet, on Hoeveler street. Nineteenth
ward. Cost 81, ,35o s1ssm
Pittsburg Mantel Works, frame one-story
shop. l2x2o feet, on Highland avenue, Twen-
Nfofl, ucrd