Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-25
THE TREND OF TRADE.
Business in Good Shape and Rally
ing ALI Along the Line.
ANOTHER BIG DEAL IN REALTY.
The City Acquires Thirty Acres to Be Added
to Pretty Highland Park.
FEATURES OF LOCAL SPECULATION

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beautiful places in rural Pittsburg, is to bt
enlarged and made still more attractive
Information emanating from City Hal
yesterday was conclusive on this point. Il
was learned that the park authorities have
purchased the City Savings Bank property
comprising about 30 acres, adjoining the
park on the outhwest, at a price approx,
mating $50, 900, or $4,000 an acre. This, al
first glance, will be considered ridiculous,
ly low figure, but the opinion will be modl-
fed by the statement that the ground is SO
broken that it could not be cut up into lots
| to advantage. 1t is, however, well adapted
to park purposes, and its mergement into
the handsome breathing place will add to Its
appearance and convenience.
Outlook for the Week.
The opening day of the week was handi-
capped by rain, but there was an average
volume of trade and no real influences of
depressing nature. There was a good
feeling among the people who handle the
money bags. One of them said: "We are
doing well and expect to do better in a short
time. There is plenty of money to move the
crops and keep the wheels of industry in
motion 1t is too late for strinSency this
year"
The general situation shows improvement
as the season advances. Merchants are be-
ginning to receive large orders from the
West. Clearing House statistics are more
favorable than heretofore, and the money
which has been piled up at Eastern finan-
cial centers is again beginning to find its
way into the farmers hands. As 1t Is the
farmers purchases in exchange for his pro-
ducts that makes business boom, the fact
that the farmer will probably make more
money in the aggregate this year than in
any year for decade inc1ines the business
community to be sanguine of great activity
later on.
A New York authority-the Financial
C1rOnicle-says: although rates for call
money are a little higher, the rates for time
money are easier, not SO much, however, for
long contracts as for short-time contracts.
The activity in the stock market has no
doubt contributed to the former, while the
change in time rates is probably due to the
announcement by Secretary Foster that he
should pay all the ~ per cents that were
presented for payment on the 1st of Septem-
Der. 1t is presumed, therefore, that at least
$25 000, 900 will be diSbursed by the Treasury
on that account"
The manifes stattons of speculative dispo-
sition possess no small interest. The pro-
ceedings of which the grain pit has been the
scene are regarded as the avant couriers OF a
general speculative developement, which
will In time extend not only to the stock
market, but to the whole circle of industries
susceptible to such influences.
Full returns for the six months of 1891 and
1890 from 172 railroad companies show an in
crease as compared with 1890 in both gross
and net earnings. In the gross the increase
is S7,317, l9S or l. 81 per cent, which does not
differ much from the ratio of increase in
mileage, this being 2.6S per cent. In the net
eaInings the increase is 1855. .632 or lie per
important fact is that they are of favorable
nature: Railroad bonds are more active and
generally stronger.
Speculation in silver bullion certificates is
n " 1ifP1pSS m nf
can dollars is reported to be fairly large,
there being considerable demand in London
for shipments to China. The amount of
silver bullion on deposit at New York
against certificates outstanding has declined
to 4,697, 1888 ounces.
Business News and Gossip.
The Logan property, adjoining Highland
Park, the sale of which was announced in
this column on Saturday, brought at the
rate of SIC, 500 an acre.
Standard Plate Glass was offered yester-
day at 90.
The question of leasing the Mt. Oliver in
cline to the Birmingham Street Railway
Company will be settled at a meeting of
stockholders of the former to be held Tues
day next.
Pittsburg was eighth in the list of Clearing
House cities last week. She will soon be
seventh.
London prices we're slightly lower all
siderable strength on limited transactions
Davis Watson took out building permit
yesterday for brick four-story building and
hall, on Butler street, to cost $27. 500.
For Citizens Traction, SIS, 1851 was bid;
los asked.
There was no anxiety yesterday to pur-
chase unlisted Traction stock There were
few bids around old figures.
There was bid of II for unassented
Electric. 1t is thought the new stock will
be out by the middle of September.
Movements in Realty.
John K. Ewing & Co. sold to John G..
Halzer, for Miss Mcintyre, a lot 35xl2O on
Mcintyre street, Tenth ward, Allegheny,
being No. Il in the Mcintyre subdivision,
for $3.50.
Reed B. Coyle & Co. sold lots Nos. So, "a, IS,
56 and 81 in their Glenmawr Park plat at
Haysville,. Pittsburg, Fort Wayne & Chi
cago Railway, being 100 feet front on River
side avenue by ITO feet in depth, for $3.50
cash.
Black & Baird sold to William H. Walton,
the Gillespie plan of Heron Hill, for $3.50.
This is one of the lots purchased at the auc-
tion sale few days ago for which the owner
paid $500. He made a deposit OF So on the
lot, the balance to be paid on the easy pay
ment plan.
Charles Somers s. Co. report the following
additional sales of lots at Blaine: Alfred
Osborne, of Allegheny, lot A in block 20,
$780, Anson R. Preble, Allegheny, lot 81 in
block 8, $500; Joseph Oberley, Connellsville,
Pa, lots %, % and "A in block 8, and lot in
block 8, Sl,6O0 for all; Thomas Jenkfnson,
Butler, Pa. lots 81 and 9S in block g. $500 for
both; Joseph Corroci, city, lot 70 in block 9,
S400: Elizabeth Carney, Wheeling, w. Va,
lots 81 and SO in block 10, $500 for both.
The Building Record.
The following permits were issued from
the Inspectors office yesterday:
F. p. Lynch, frame two-story dwelling, on
Herhst alley, Twenty-third ward. Cost ST. Al. R.
+. McN eide, frame two-story dwelling, on Whit
ney alley, Fourteenth ward. Cost, $500. A. G.
Roenigk, frame two-stoyy dwelling, on Homewood
street, Twenty-frst ward. Cost sc, 600. Mrs
Amelia Scaren, frame two-story dwelling, on
Eureka street. Thirty-nrst ward. Cost, $500.
Henry Lee, frame two-story dwelling, on Frazier
street, Twenty first ward. Cost 800. Mrs. NJ NJ
Scully. brick and frame two-stOry dwelling on |
Homewood street, Twenty-irst ward. Cost al 90.
John Powell frame twO-story dwelling, on Wick |
low street, Nineteenth ward: Cost, $500. John
street, Twentieth ward. Cost, s., 500. II. c. |
Knapp, brick two-story dwelling. on Euclid ave- |
nue., Twentieth ward. Cost. S. 800. Davis & at |
son. brick four. story dwelling and hail. on Butler
street. Seventeenth ward. Cost s27, SEQ. |