Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-15
FIGURES THAT TALK.
A Few Stubborn Facts for Chronic
Croakers to Read and Ponder.
ONE OF UNCLE SANS BRIGHT SPOTS
More Strong Than Weak Features Char
acteristic of Speculation.
The NEWS AND GOSSIP OF TIE CITY

That Pittsburg has right to be in COM
Portable frame of mind, few "facts and
figures" will show: The mount Of tonnage
originating and passing through exceeds
that of any other city in the country. She
turns out one-ffth Of the iron and steel
product of tine country. One-half of the
pressed glass of the United States is pro-
duced here; also 25 per cent OF the window
glass. Over 5000. 900 tons of coke and about
l0.OOo.OO0 tons of coal are marketed annually.
She has nearly A. 900 industrial esta blishments,
with a capital approximating Sl50,OOO,0OO and
employing 15O, 600 persons.
When on trial, which resulted in his banish-
ment from Athens, Aristides was called upon
to make his defense. he merely pointed to his
record as a vindication of his conduct When
assailed from within or without by croakers
and pessimists, Pittsburg has only to point to
her industrial supremacy-to her rapid expan-
sion in wealth and population and her strong
financial position-to bring confusion upon her
detractors.
The Outlook for Speculation.
A Wall street special to Whitney & Stephen
son reports n. K Enos as saying; "The stock
market has had very general and, In many
instances, most pronounced decline, with the
loss of from to IA points from the high prices
in May last We have fully discounted not
only bad crops, labor troubles and South Amer
ican revolutions, but also tight money. l be-
lieve the worst is over, so that moderate i'm
provement can be looked for. There must
certainly be something good left in the country,
and while the bears may be slow to recognize
this fact its Importance will be manifested
very soon. A leading bank President is my
authority for the statement that money is
likely to become much easier. The Treasury
has paid out nearly S2,500.0O0 for bonds since
Monday. The purchase Of silver may be little
disappointing. But we are going to have easy
money, notwithstanding. This relief will lift a
load from off the market"
Business News and Gossip.
The sale on Smithfield street and First ave-
nue. brought to light the fact that several other
deals are pending in the same neighborhood.
The foundation for the Franklin school
building, in the Seventeenth ward, has been
completed, and bricklayers will commence
work on the walls early next week.
The deal for the bank corner, mentioned
some time ago, will probably fall through, as it
Is understood a ajority of the directors con-
slider "a 900 a foot rather steep.
Eleven of "a mortgages on file for record yes
terday were for purchase money. The largest
was for $500. and the smallest for $50.
With the coming Of autumn there is de-
cided improvement in the demand for business
property. Several brokers yesterday reported
orders they were unable to fill. Capitalists
should not allow the city to be crippled for
want Of business accommodations
A prominent real estate broker estimates
that 1000 building lots in Pittsburg and i'm
mediate vicinity have been sold in the last five
months This NAV he above or below the