Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-13
THE FAMILY FIGHT
In Wall Street Does Not Involve
Solid Interests of the Country.
PITTSBURG NOT SPECULATING.
The Cry for Houses, Like the Voice of the
Turtle, Still Heard in the Land.
BUYERS HAVE CONFIDENCE IN REALTY

The cry for houses is still heard in the
land. Practically there are none for rent,
as the following statements show: w. A.
Heron & Sons: "We have a few, but the
demand is so great that they are only drop
in the bucket" Baxter, Thompson & Co.:
eve could rent 100 houses in a week if we
had them. They are getting scarcer every
day." j. B. Larkin & Co.: 1--WE have calls
every day that we cannot meet. Houses
cannot be had for love or money!" c. H.
Love, Black & Baird, James W. Drape &
Co., NJ. r. Hlpple Co., Allies & Bailey, Reed
r. Coyle q Co., and Others made similar reports.
What are capitalists going to do aboutit
The Usual Result.
The author of Hudibras may have had
stock speculator in mind when he wrote:
The gun, well charged for duck or plover,
Went wide and kicked the shooter over"
A Lame Conclusion.
The opinion OF some that the large amount of
acreage being put on the market is an element
of weakness in real estate is as wide Of the
mark as possible. 1t shows just the reverse.
Capitalists do not invest in commodities for
which there is no demand. Dead stock is as
unattractive to them as to other people. Addi-
tional acreage means that the supply of build
ing lots is inadequate to the demand. When
merchants lay in large stocks of goods they ex-
pect large sales. 1t is the same with real estate
investors. If the market were overstocked
they would be the last persons in the world to
dabble in land. That they are dealing In 1t
shows they have confidence in the present as
well as the future.
Only a Family Fight.
"Will the gun shoot, motherf' inquired
small boy. st will not shoot you, if you let it
alone" was the answer. This is a good illus
tration of the financial situation. The Wall
street furry will hurt nobody who is not
a speculator. The solid industries of the
country are not involved. AS a bank officer put
it yesterday: ut is a tight between the bulls
and the bears, and if they both 60 to the devil
will say amen"
Stronger Than Wall Street.
Conditions are not ripe for panic. The Wall
street jamboree is so called by some, but it is
not entitled to that dignity. 1t is merely des-
perate and partly successful attempt of the
rich stockholders to shake the little fellows
out; and, whatever may be the outcome there,
Pittsburg is safe. She is not speculating. She
is dealing in her own natural products, which
are in demand all over the world, and is inde-
pendent of Wall street.
Back in Their Holes.
When the Wall street crowd found that they
had nothing to expect from Secretary Window,
they at once went back to their holes and
pulled the panic in with them. 1t thus appears
that speculators can paddle their own canoe
when they have to.
Business News and Gossip.
Yesterdays rain was harder on local business
than the stock panic. Outdoor work was sus-
pended, except in cases of emergency.
Ewing d Byers report a good demand for
building lots on the line of the proposed Cali
fornia avenue electric road. This firm is
handling the new plan of lots of the Ridgeview
Land Company.
WIN. Hager & Co. sold at auction on Tues
day. on Mt. Washington, house and lot for
81 $50 and two adjoining lots. one for S490 and
the other for s470 all fronting on Southern ave-
nue..
The largest mortgage on file yesterday was
for SlS666. The total number was 80, of which
10 were for purchase money
Pittsburg takes about the same interest in
the struggle between the bulls and the bears as
the old woman did in the outcome of the tussle
between her husband and bear. She didn't
care which whipped.
Several good properties on Liberty street are
on the market at about 81, 900 foot front.
There is brisk inquiry for business as well
as dwellings. There is money in them for those
Bank clearings yesterday showed very con-
clusively that local business has not been
affected by the so-called panic. 1t caused peo-
pie to be little more cautious nothing more.
The purchaser of the Kuhn property last Fri
day did not vote under the name which he gave
to the press.
Progress was reported yesterday in the hotel
deal, mentioned in this column some time ago.
The Building Record.
Building goes on rain or shine, but if there
were more shine there would be more building.
The following permits were taken out yester'
day:
Mrs. Elizabeth Paul, frame two-story and
attic dwelling, 19x32 feet, on Gray street.
Thirty-second ward Cost, 81, ,7S0
l. H. Aaron, frame one-story stable, 1sxz3
feet, on rear Frazier street, Fourteenth ward.
Cost. Sl70.
Charles Schultz, frame two-story dwelling,
20x2S feet, on rear Butler street, Eighteenth
ward. Cost, $500.
George Corcoran, frame two-story dwelling,
2Oxl6 feet, on Bristol street. Twenty-ffrh ward.
Cost, SIT.
Louis Sisca. frame two-story dwelling. 18x32
feet, on Forbes street, Fourteenth ward. Cost,
500
Thomas Rogalla, frame one-story kitchen, I6x
10 feet on Norton avenue, Thirty-sscond ward.
Cost, $50.