Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-23
Three Cent Car Fares.

A New York publication, III an article on
rapid transit, has this to say of O matter of
considerable local interest: "a Pittsburg
street car line recently announced a reduc-
ton of fare from to 8 cents over its entire
length of six miles, There is no reason
why any street car line in a large
city should charge more than 3 cents,
and as soon as the fact that this
is a remunerative rate is comprehended by
the people, a general and irresistible de-
mand will be made for a reduction Of fare.
The street car business has grown to be a
monopoly in nearly every large city. If the
fare were made cents the increase in travel
would, no doubt, more than make up for the
reduction. In the great cities of Europe car
fares are often as low as = cents.
Some Large Buildings.
Among the more important building per-
mits issued during the week were the follow
ing: To Ii. Samson, for a brick 215-story
dwelling, on Terrace street, Fourteenth
ward, $23, 1000; ]. r. Voskamp, brick 4-story
apartment house, Washington street, Fifth
ward, $4,000; Miss Georgiana White, p
brick dwellings on Ellsworth street. Twen-
tieth ward, slo,s44. M. E. Church, Home
wood, brick and stone church, -sl2, $50.
Luckey sub-district school, frame addition
two-story public school, Wabash street,
Thirty fifth ward, $4,000. South Street NJ.
avenue, Thirty-first ward, $3.50. George
Hubbard, brick two-story dwelling on Stan
ton avenue, Nineteenth ward, Sc, 00J.
Bonds Not Pressed for Sale.
In regard to bonds an active broker says:
"You can get all the bonds you want at con-
cessions in price. The people offering them,
however, are strong enough to hold, and
will not spoil their market by Offering bonds
in small lots below the market price, but
they will supply bids for blocks of bonds at
important concessions. The retail market
is stronger al the moment. Its good feat
ure at present that bonds which railroad
companies want to sell are not pressed for
sale on the open market"
Homes for the People.
During the past week 81 building permits
were issued, representing p houses, the cost
of all being estimated at $2ll 1856. The num-
Der of permits issued the previous week was
S. representing g. houses, the estimated value
being S272,557. Total number of buildings
for which permits have been issued this
Strike is being closed so fast that the differ
ence between last year and this will be very
slight.
Business News and Gossip.
Pittsburg is too prosperous to be seriously
affected by one or two failures. There is no
alarm,
1t is possible the city missed good thing
in failing to buy the Logan property to
round out Highland park. Private enter
Oil came within a cent of holding its own
last week. 1t may drop little this week on
squaring up the business of the month.
Pittsburg and Western Railroad earnings
for the second week of August show an in
crease of 81 ,469.
London prices were trifle lower except
for Louisville and Nashville The most
prominent feature of Wall street was an i'm
proved demand for bonds.
Mr.. L. Lee Clark has been elected cashier
of the Enterprise Savings Bank of Allie
gheny.
on call yesterday Duquesre Traction was
Birmingham: Standard Plate Glass offered
at 95, and Westinghouse Machine Company
at 40
Money rates in Pittsburg, 6@7; Boston, 4:
Chicago, 6; Philadelphia, 4; Baltimore, 6; st.
Louis, 69s.
Movements in Realty.
Samuel W. Black & Co. sold n lot 50xl42 on
Craig street, adjoining the residence of w. 8.
Pier, Esq, for price approximating $4.lOO.
The purchaser, prominent business man,
will improve it in very short time.
Black & Baird sold to W. H Chaddook, of
Chaddoci & Owens, Wood street, a fine
stone residence on Boquet street, corner Of
Semple street, in South Oakland Square,
with lot 62x1os feet, for $l1 800 cash.
John X. Ewing & Co. sold to C. r. Craw-
ford for P. F. G. Rohrkaste, two lots, 20x230
each, on Virginia avenue, Tenth ward, Allie
gheny, being lots IS and SO in the Ronrkaste
subdivision, for 81 200.
Reed B. Coyle & co. sold for Joseph Bar
clay a lot in the Annex Land Company's
plan. nt Avalon Station. fre'n'ing g feet on