Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-17
THE TREND OF TRADE.
East End Development Antagonized
by Property Owners.
STATUS OF SQUIRREL HILL ROAD.
Careful Review Of Operations on the Local
Stock Board for the Week.
OFFICE AND STREET NEWS AND GOSSIP

Rapid transit and water are the only
things needed to insure the development OF
the Squirrel Hill district and these can be
secured within the next 80 days If property
owners will at once come forward with q
little assistance to the proposed electric
road. The owners of the road feel friendly
toward the hill people and would willingly
extend their line over the hill if they were
only assured of a fair return on their invest
ment. They have labored assiduously to
convince property owners that by their re-
fusal to extend needful help they are stand
ing in their own light.
Information comes from insiders that the
tracks have been removed from Murray ave-
nue. and that the present intention is to
operate only that part of the road which is
feeder to the Duquesne Traction from
Boquet and Forbes streets to the Steele
entrance to Schenley Park If this change be
made, as seems probable, it will be severe
Dlow to property owners on the h1ll M
doubt they feel sore over the money they
have already sunk in the road, but they
should bear in mind that this is not the time
to cry over split milk, but rather to put
their shoulders to the wheel, consult the
new management of the road, find out what
is wanted, and not let up till the road shall
be put in full operation as far east, at least,
as Homewood Cemetery.
As an inducement to incite the people to
prompt action in this matter, one of the pro-
moters of the road said yesterday that they
were willing, in return for the required as
sistance and as guarantee of good faith, to
give an indemnifying bond, in any reason
able amount, which they would forfeit If the
road were not completed as far as the Gem
etery within 80 days from the date of sigma
ture, and that too, without single dollar to
be paid in until the cars were started.
Business News and Gossip.
The Christian Advocate intimates that
Christ Church and the Female College will
not be rebuilt on the old sites.
Last week was the best one of the year for
real estate agents. There we're several big
deals and a good sprinkling of small ones.
Five solid manufacturing firms have pur-
chased sites at Kensington, and two more
will do so by Tuesday next These firms
will give employment to upward of 5000 peo.
ple-pretty good for town only ten days
old.
The largest mortgage on file for record
yesterday was for $4,000. Seventeen were
for purchase money.
Platt & Grove, Of Mercer, Pa, have bought
ten lots at Elwood, upon which they will
OIOCb d AdIS0 udl0ndIO sbOI0 du0 OtuCA buA0-
ings.
There were sales of Duquesne Traction
after call yesterday, but, so far as learned,
none above 20.
There was quite an increase last week over
the former in the number of building per-
mits issued. The figures show there is con-
siderable doing in this line.
Whitney & Stephenson sold 100 shares Bir-
mingham Traction at 81. This is the top
price so far. There are more buyers than
sellers for all the fractions.
Gold shipments cause no apprehensions in
New York of a monetary stringency. 1t is
thought Russia has secured about all she
needs.
A meeting of certificate holders of the
American Preservers' Trust to elect three
trustees will be held May q, at P. NJ, at l92
Fourth avenue.
An improved feeling has lately prevailed
in the market for mining stocks, owing to
advancing quotations at San Francisco and
those who sold out their stocks at higher
figures have been buying them back.
The Journal Of Finance says: There is gen.
'ral appreciation of the Westinghouse reor-
,anization scheme. -, j.. 8
The real reason for putting Cotton Oil on
he regular list is said to have been to give 1t
tanding as bank collateral.
The last reported sale in New York of
and Western As was at 7SH.