Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-21
LEADERS IN TRADE.
Value of Live Men in Opening and
Developing New Districts.
PLENTY OF MATERIAL TO WORK ON.
Oil Knocked Silly, While Stocks Almost
Drop out of Sight and Sound.
THE NEWS AND GOSSIP OF THE CITY

Leaders in business are as necessary as In
politics or anything else. Without officers
an army would be mob. They not only
point the way, but inspire confidence. This
is as true of real estate as of any other inter
est
A level-headed, enterprising man by 60
ing into neglected district and making lib
eral investments will often start movement
which will carry everything before it and
reyolutionize a neighborhood. Improve
ments spring up and activity takes the place OF
lethargy. Well-directed energy will remove
mountains of difficulty.
While Pittsburg capitalists have shown COM
mendabe enterprise in opening up new terri
tory and large bodies of land to home-seekers,
they have not succeeded in covering the Held
There is a great deal of acreage that should De
brought into the market There is no danger
of OVERRIDING the business. Demand will grow
as the supply is enlarged.
1t is not necessary to designate the districts
that should receive early attention. Some OF
them are In the city limits; others are In the
suburbs The development of new territory
has so far proved financially successful, and
there is no known reason why equally good re-
suits should not attend future operations In
the same direction.
The real estate interest has passed the cr1tl-
cal period of the year without break or the
least symptom of weakness, and is in excellent
condition for revival. There is plenty Oh
material to work on, so that going to Chicago
or elsewhere to make investments is practical
disloyalty to Pittsburg.
Business News and Gossip.
It's understood that Mr.. A. T. Rowand paid
s3s 600 about three years ago for the property
just disposed of at 100000.
A leading wholesale dealer in jewelry said
yesterday: "Our trade was never in better
shape than il is now. We considered last sea-
son one of our best but this promises SO far to
be still better There is no better indication OF
Pittsburg's prosperity than in the great activity
of our goods. When times are dull we feel it
among the first as people can do without orna-
ments There are as yet no sign of letup to
the demand for all things in iewelry lines"
The Buckhannon, w. Va, Electric Light
Comany has been incorporated to furnish cleo
trIc light, heat and power.
The opening of 60-foot avenue through the
center of Neville Island is being pushed as fast
as possible. Operations on the superstructure
of the county bridge will begin next week
The Bucyrus, O., Water Company has sued
the city for IS, 900 back pay.
Ten OF 26 mortgages on file yesterday were
for purchase money. The two largest were for
$1,000 each.
Allegheny City is doing better in the build
ing line than most people think. Mr.. c. kel-
ner is ABOUT finishing s25. .0OO dwelling at the
corner of First and East streets. Christ Het-
sci has just completed three-story brick on
Ohio street. near East at cost of $4,000 ].
II. Hermann, President of the Workingmen's
Savings Bank, is erecting two three-story
dwellings on Ohio, opposite James street. They
will cost $40 600.
The Fire and Water Committee at Mahanoy
City, Pa, has asked for bids for furnishing
LOCO feet of rubber hose.
-Four handsome dwellings on Locust street,
Edgewood, are approaching completion, and
foundations of two more are ready for the su-
perstructures.
Fire has been started in the furnace of the
Fort Pitt Glass Works, at Jeanette, and the
company expect to be in complete working Or
der early next month.
Secretary Window has made arrangements
for the immediate redemption of Sl5,0OO, 900 of
4 and "a per cent bonds at 104H.
The Government bought % tons of silver last
week, and will hereafter be in the market for
lao tons every month.