Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-16
CLOUDS ROLLING BY.
PittSburg Financiers Refuse to Adopt
Heroic Money Measures.
THE MARKET ADJUSTING ITSELF.
Philadelphia Gas and Electric Continue
Their Upward Movement.
THE NEWS AND GOSSIP OF THE CITY

Business started of at brisk pace yester-
dav. There was no discouraging news but,
on the contrary, everything was reassuriug.
The banks reported q good supply of funds,
and holders showed more willingness to
lend than for several weeks. Scarcely a
doubt remains that tine money supply will
soon be ample for all purposes. January
disbursements will put several millions in
circulation, which Will 60 long way toward
easing tine market and increasing the vol
ume OF trade. Stocks were stronger, and
even petroleum showed signs OF animation.
The stores were well patranized by seekers
OF holiday goods. Everybody was cheerful as
II they fully realized that the clouds were roll
ing by.
There are other evidences that business is in
good shape, among which may be mentioned
the large railroad earnings. Those for No
venher show material gain over October.
For IL months of the present wear the total
earnings Of lS1 roads aggregated sIISS6OOlO.
gain over last year Of SIS per cent, which III
turn showed gain on i37 roads OF . per cent
uver the IL months of 1855 The total number
ut miles reported for the IL months is S53Z1,
gam over last year of 2.6 per cent.
liere is a bit Of encouragement from London
which fits in very nicely wuh the foregoing:
The drain of gold 10 the United States has
ceased. Altogether G94G.00O has been sent TO
America. Fhe fact that large amount OF
Brazil and another El,0000OO from Australia
strengthens the position, ana even if the Amerl-
can drain be renewed, the banks reserve VIII
be equal TO meet il. Operators are conhdent
thai there will be boom after the holidays"
Business News and Gossip.
The oil well at Williamsburg may be drilled
deeper as a result of the gas strike at the
Point
Braddock is to have a S25,G0O schoolhouse,
riol, ~
The proposition 20 colonize a large number of
Mrs. Schenley's tenants in the Oakland district
Is not approved by property owners in that
locality
Dealers in holiday goods are counting on a
big rush this week. The year has been SO
prosperous that almost everyone has money to
spend.
Major Hull, who is putting up l5 dwellings in
the Twelfth ward, and has already rented
them. says the demand is so great that he could
find tenants for almost any number of houses
ii he had them.
Ihe new passenger station at Roup is great
convenience TO people living on the south side
OF the railroad.
Citizens of Sharpsburg feel confident that
rapid transit will give their place 4 boost, and
are thinking of extensive improvements next
year.
There is better demand for mortgages as
a result of the Improvement in the money
m 1rkeL
he result OF the anniversary sale OIL lotS, as
advertised in The DISPATCH December IL
and u by the Salem Improvement Company,
OF Salem Va. was SOL, 725. and the total sales
OF the company for the year $40, ass
The largest mortgage on file yesterday was
tor S95.00O-H. Samson 10 F. I. Moorhe3d pur-
chase money. There were So in all, of winch
y were for purchase money.
Three seats in the Exchange were offered by
H. NJ. Long yesterday in exchange for 100
Shares Philadelphia Gas stock.
Glass & Beeckman-Now that the money
-Ha-a
ment IN real estate. signs point 10 a good win
tCr's business.