Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-10
FACTS AND FIGURES
For Pittsburg's Distinguished Visitors
to Read and Ponder.
WEALTH AND WORK ABOUNDING.
Local Stocks Somewhat Ratified by the
Report of Panic in London.
THE NEWS AND GOSSIP OF THE CITY

The attention of our English visitors is
called to the fact that the amount of capital
invested in the 1000 industrial establish
ments Of Pittsburg is, in round numbers,
$3.50, ,000. 900. The number of persons on the
pay rolls of these concerns is about 125, 600.
Statistics show that the total tonnage of Pitts
burg per annum, strictly local business, is
Is, ,000 900 tons, equal to 200, 900 cars, or an
average of 5000 cars per day. Pittsburg
yields nearly one-6tth of the iron and steel
output of the United States Bank clearings
this year to date are over $500, 600. 600. The
years building record for the city and sub
urbs will show not less than 1000 houses, af-
fording accommodations for 81, 900 people.
The demand for houses, both business and
dwelling, is very urgent, ana far beyond
the supply. Tax is baid on $500, OOO, 600 OF
property. the actual value of which is one-fifth
more. The total revenue of the city is S3,6o7,-
000 These few sample facts and figures carry
their own comment and Interpretation.
The Road to Success.
Courage is necessary to success in business.
Kickers and GROWERS such as those referred to
yesterday, who oppose street car extension,
will never set the world aire. Faint heart
never won fair lady nor made a millionaire. A
business man, dying, left as his last injunction
to his son, Keep stiff upper lip" The advice
was better than money.
Pittsburg is full of square-toed, level-headed
business men. charged with conservatism and
fight They go for all in sight, but never over.
step the bounds of prudence. Such men are
good leaders. They are as inspiring to the lag
CARDS and the doubling Thomases as bugle
blast is to the weary soldier They have made
Pittsburg what she is-the industrial center of
America. But for them the city would not
to-day be the Mecca of the iron kings Of
Europe.
These men. of every nationality, devote their
time, talents and money to the upbuilding of
Pittsburg. They have faith in all of her great
interests, developed and undeveloped, and
show it by their works. Under their progress
sive and enlightened direction of affairs Pitts
burg will continue to grow In population and
wealth until she shall accomplish her manifest
destiny and take her place among the greatest
cities of tine world.
Business News and Gossip.
One of the English visitors told Fourth
avenue broker in real estate yesterday that
business sites had been sold in London within
year or two at the rate of $4,000, or SIS. .OOO a
foot 'front.'
Two old people who own a fine property on
Fourth avenue were recently offered good
price for it, but declined on the ground that
that they didn't know what they could do with
the money, and didn't want to be bothered
with it.
AS announced by advertisement. the first
auction sale of lots in the Schenley Park Land
Company's plan will take place tomorrow.
Home seekers should attend this sale by all
means.
Sixteen of 33 mortgages on file yesterday
were for purchase money. The largest was for
s.. 200. Twenty-Five were for less than $1,000.
Westinghouse Electric led the downward
movement in local stocks yesterday, closing at
%, after opening at 32H. Philadelphia Gas
held its ground.
Wall Street was weak and lower yesterday
under heavy pressure to sell. Later there was
considerable covering and prices advanced.
There was quite break in the Chicago grain
pit. but prices rallied some.
yesterday: A. French Spring Company.
Limited. frame one-story shed, 30x100 feet. on
Liberty street, Twelfth ward. Cost, $500.
30 feet. on rear of Eureka street. Thirty-first
ward. Cost, $500. August Deus, frame two
story dwelling, 17x34 feet, on Eccles street,
Twenty-seventh ward. Cost, $780,
Movements in Real Estate.
There may be something new under the sun
before long. There is talk of a six-story build
ing on Penn avenue. not far from the Westing-
house structure, to be devoted exclusively to
the medical profession-ofices stores for the
sale of drugs and surgical instruments. ETC.
something after the style of the Bakewell law
W. A. Heron & Sons, agents for the owner
of the ground, and from whom the information
was obtained, said: 1.-The owner of the lot
which is 60xl1G thinks SO favorably of the pro-
ject that he is having plans drawn for the pro-
posed building, showing that he is seriously
thinking of putting it through. There is good
house on the ground, which will be torn down"
c. h. Love sold for Margaret and Michael
Dougherty to L. c. Duffy. property Sec
ond avenue below Ferry street, lot 2OxS0, and
three story brick house of II rooms for $1,000.
S. A. Dickie & Co. sold for Mrs Anna Lee to
Mrs. l.. Cunningham. an improved property on
Collins avenue. two story and attic frame
house, for $3.50.
Charles Somers & Co. sold for ]. McDavitt to
]. R Holland. plot of vacant ground, corner
measurement of 136x144, for 81
2OO
Reed B. Coyle & Co. sold for Samuel Watson
to R. j. Bovard. lot No. 278 in the Watson place
plan, Tenth ward, Allegheny: fronting so feet
on tie Perrysville road by 150 feet il depth to
Orleans street, for 81, 500
Brown d Saint sold to John c. and W. s.
Haymaker four lots in Wilmerding. corner of
First avenue and Vista street, size l2OxllO feet,
for 5000.
Black & Baird sold to BENJAMIN w, Chad
wick the southern half of lot No. "A in the John
A. Roll nlan, at Linden station. having a 'front.'
age on Gilmore street of 20 feet, for $500.
Samnel W. Black q Co., sold lot No. III on
Gust street. in the Blair estate. Mansion House
plan of lots, Twenty-third ward size 24xl2O for
s6O0 cash.
w. A. Heron & Sons sold for Armour & Co.
Of Chicago. the leasehod of lot 4SxlOO feet
IN Smallman street, Fifteenth ward, being a
Denny lease, for bonus and the yearly rental
Of $500 and taxes
HARD CASH.
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