Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-23
HOLDS FIRST PLACE.
Difference Between Pittsburg and
Leading Cities of the West.
MANY STRINGS TO HER LONG BOW.
Better Feeling in Local Speculative and
Financial Circles.
THE NEWS AND GOSSIP OF THE CITY.

One Of the travelling representatives OF q.
NJ. Hopkins. the atlas maker, is great ad-
mirer of Pittsburg. In the course of an in
terview yesterday, he said: "Of all the
cities visited by me in the course of my
business, none approaches Pittsburg for
prosperity and solid values. In Chicago,
Kansas City, ST. Paul and Minneapolis, for
instance, although they handle an enormous
volume o. trade. the volumes of real estate
are out OF proportion to growth and legiti-
mate demand. Where one parcel of land is
bought for improvement, ten are bought for
speculation. The result of this is they are all
oversold and some of them are overbuilt-that
is, there are more houses than occupants;
whereas. the very opposite appears to be the
case in Pittsburg.
THE reason for this state of affairs in the
cities mentioned, and others which l might
name, is that they depend upon one or two
sources for their lubricating material, while
PIttsburg has such a variety of interests, all of
productive character, that it is impossible for
the failure of one of them. or a number of them
for that matter, to seriously affect her pros
perity. regard Pittsburg as the corner stone,
sure and steadfast of the industrial system of
America"
One of the Gre tcst.
The monster redwood tree which will be
placed on exhibition at the Worlds Fair, Chi
cago has arrived in San Francisco from Placer
vile. Three fat cars were used to haul the
tree, which weighs about 10000 pounds. Prior
to being shipped to Chicago. it will be placed on
exhibition. The section of the tree was cut
from giant, Sl2 feet in height. The shipment
consists of 16 sections. and when put in shape
will form hall capable of seating 100 people.
Two hundred and fifty electric lights will be
used to illuminate the tree, inside and out.
Business News and Gossip.
The Masonry for the Neville Island bridge is
completed. and work on the superstruction
begun. All the material is on the ground.
Mr.. W. H. Devore has Just completed hand
some dwelling on Franklin street, Williamsburg
He will soon break ground for eight others in
the same locality.
The Allegheny Valley Railroad Company has
purchased, through Charles Somers & Co.,
lot on Butler street. Morningside station, to
which the station house will be removed and
new steps built. These improvements will be
appreciated by people living in that part of the
city.
Twenty-nine mortgages were or file for rec
record yesterday, eight being for purchase
money. Inc largest was 1Or SI,UUU.
A property on the Allegheny Valley Railroad
was advertised for sale in THE DISPATCH of
last Sunday Yesterday brought nearly 20
answers personally and by mail The prospect
is good for quick deal.
Julius f. Stark was on Change yesterday,
after a visit of several weeks duration to West
Virginia.
Andrew Caster sold lOO shares Of Luster at
22H.
Gross earnings of 43 roads for the second
week in September increased 406 per cent,
and 81 roads for the first week increased gross
S94 per cent.
The closing price of petroleum on the local
board Yesterday was the lowest since April IL
and this in the face of statistics which should
hold it away above the dollar line, could any
thing more conclusively show that something
is rotting on the market?
James s. Kuhn has been elected president of
the First National Bank of McKeesport to fill
the vacancy caused by the death of Captain st.
Clair Homer Stewart was chosen cashier at
the same time.
The Pennsylvania Railroad reports that the
quantity of coal and coke originating and
and carried over its lines east of Pittsburg and
Erie. for the week ending September 13. was
389 S73 tons, of which 219 2O6 tons were coal and
The total amount Of anthracite coal sent to
market for the week ending September Is, as
reported by the several carrying companies,
was SOO. .36l tons. compared with 76O 1872 tons ip
the corresponding week last year, an increase
of 80 500 tons.
One hundred and nineteen shares of Pitts
burg National Bank stock will be offered at
auction on Thursday by John d. Bailey.
Permits for New Buildings.
Yesterday was a good day in the building
trades. Thirteen permits were taken out.
Work will be pushed from this time until the
close of the season as fast as roads and weather
will allow. The list follows
John Goff, Jr., brick and stone, two story and
attic dwelling, S0x47 feet, on Shady avenue,
Twentieth ward. Cost, So, 800.
julius Maloney, frame two-story dwelling,
2Ox27 feet, on Preble street, Thirteenth ward.
Cost, s., ,000.
Arnold brick two-story aud mansard