Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-05
THEY FOUND A SITE.
Eastern Capita lists TO Erect nm Ice finnt In
Allegheny Ciiy-A Hundred Thousand
Involved-RenI Estate GET
Ting Second Wind.

Allegheny City-A Hundred lnousaHu
Involved-RenI Estate GET
ting Second Wind.
Various rumors have been in circulation the
past few days in regard to the erection OF
large artificial ice plant in ALLEGHENY CITY.
The first definite information bearing on TINS
enterprise was obtained yesterday. The pro-
motors are Eastern men. short time ago
they placed an order with Samuel W. Black K
Co. tor a site for the plant. A member OF that
firm stated yesterday that they had sold lot
to the Eastern men for $4,000. 1t is located on
the corner of South avenue and Sturgeon
street, and has a frontage of 100 feet by 200.
The company will at once proceed with the
erection of suitable buildings, and expect to be
in operation in time to assist in mitigating the
anticipated ice famine. The COMPLETED plant
will cost very nearly or quite 100000
Talk among the stock brokers yesterday was
rather bullish. They held that money being
plentiful, and no apprehensions of a squeeze,
business must necessarily improve, and this
will insure better prices. The disposition to
speculate is as pronounced as ever, but more
caution is observed on the part of investors
particularly those in Pittsburg. They want to
know all about a property before taking hold
of it. Pittsburg securities have been sub
jected to this severe test, and no flaw found in
them.
There were few office sales Of one or two Of
the favorites, in some cases at slightly higher
figures than those ruling on Change. Phila-
delphia Gas was in most request and there was
quite a still hunt for it to fill orders. This
stock has been admirably managed-always
put on the market at the right time and in the
right quantity to afford it reasonable support,
and its fluctuations, though narrow, have been
frequent enough to make it an object to spec
ulaiors. A stock that never varies may be good
enough, but there is no money in it for the
broker.
Pleasant Valley and Pittsburg. Allegheny
and Manchester Railways being in state OF
transition as regards consolidation and motive
power of the latter, do not show at their best,
although both of them are among the strong
features of the market. No one doubts that
when their affairs are adjusted, and all friction
removed. they will show big earnings and
take front rank in popularity, but at present
both buyers and sellers of the stock occupy
neutral position, or are in a waiting mood with
the apparent advantage on the side of the
holders, whose confidence is seen in their re-
fusal to make concessions. Occasional frac-
tional depressions occur, but they are not of
sufficient importance to establish quotations or
affect the market standing of the stock.
The fractions are under cloud from which
it seems very difficult to rescue them. Still
the stock is well supported and manages TO
hold its own. Earnings are large, but expenses
are heavy, leaving very little, OF notnlng ior
dividends. The principal trouble seems to be
fear OF excessive competition. Whlch VIII 1orce
some OF them to the wall; and no material
improvement should pe expected until tnls
doubt is settled. Ihe population OF tne CITY Is
increasing SO rapidly that there VIII soon De
business enough 1or all.
April changes having peer ABOUT compieteo-
and the prospect for continuance OF good
weather being favorable, increased ACTIVITY IN
the real estate market is among the prooaplll-
ties of the near future. All signs are pointing
that way. 1t should not De inferred from TINS
that the market has been dull OF sluggish, tor
the reverse of this is the fact The activity In
this great local interest during tne winter was
remarkaoie' ana tne nunper anu IN 20 lance U
transac.ions eAeeeueu w a' te"s. w pet eens
those Oh any similar perioo in tne his'ory Vi Inc
cry. out iHls &c a,noens u aa a.se-
terreo on account OF pau roaus anu o'ner
causes, anu lniS VIII no" oe Iahen up anu Car
lieu ' 'nious .u
Se'ei@i nc" ~ uis'iieso "it " opeN,u " ...'
spFins' anu ,ai nu'noei VI Uue@' iu.e pu' on
the Market Inns VIII in1uce tue WORKING peo-
prominent Duiloer estimates 'hat at ieast o'oVv
houses VIII Ue pu. up pe,"een no" anu neAS At
Deoehoei' 'nie VIII oe n"Hu'oine s@An ''ei
last Sear'
OF men IL Is Ine popular pehei tna1 they ac-
qulreu 'nen wealth. oy aeciuent Vi iueA' anu
pass 'neii 'i,iie INC ou''ein,eo' so,"s iiom
pleasure 70 pieasure as one pans anu ano'ner
attracts. 30 lar as fitesDurg money kings are
concerned TINS esIlma'e Is as iar from Ihe
truth as possloie. one Oh tnen "niie getting
cnech eAsneo az ~ VI venue o@nA 'iie
oIner uas ,eiiaiheu. naNe al 'ne tnoney l
neeu, anu auous do nu.n % ""n', ouS ! cal neu
IL an. /" men s'ar'eu ou' ior n5seii nao
notning put my Draihs anu muscle 10 oepena on
nau haiu eIouus e. - 81 :" !" y oons
anu a'e Tue oo@tsess .oOu ~ "as as
lluch DO oouiu w W In'no oo.r enus ineet. n.
nave passeu many sieepie'e "Sn' uSlhs
now 10 get money to pay ient anu Satisfy the
grocer. Butt STUCK 70 IT. anu iihaiiy worked
my :.p,. way ~. tr.s f-o, .,r;o+u
Investments are liable to 60 wrong. A cyclone