Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-15
GOLD ON THE SWING.
Vast Sums Coming Back to Pay for
Grain and Provisions.
THE FARMER MAKING BIG MONEY,
Part of the Marshall, Kennedy & Co. Mill
Changes Ownership.
TREND OF MONEY AND SPECULATION

Everything points to prosperous times
for this country. Baron Rothschild the
other day refused to place the new Russian
loan because he thought that London and
Paris would have to send to America this
fall between 10000, 900 and SAG, 900, 900 to
pay for grain and provisions, and he did not
think that the two cities could spare any
more money. The stimulating effect of
these vast sums will be felt in every de-
partment of business. The outlook grows
brighter as the season advances.
A deal in realty of considerable import
ance was closed by J. B. Larkin 4 Co. yes
terday. They sold to Mr.. Ed Godfrey, of
Godfrey & Clark, a part of the Marshall,
| Kennedy & Co. flour mill, in Allegheny, a
| four-story warehouse and lot 26xlO5, on South
| Canal street, for $l2, 600. Marshall, Kennedy
| & Co. are about vacating these premises for
larger and more convenient quarters on La
cock and Hope streets. The new mill is said
| to be one of the finest west of the mount
| aims.
As an illustration of the strong position Of
the stock market it is pointed out that thus
| far every one who has sold stocks expecting
to get them back at lower prices has simply
plenty of arguments with mantpulative
power, and with the weight which leader
ship in the market carries, the effort to de-
press stocks is thus far failure. Reactions
may be expected from time to time, but the
tendency is upward.
The Hampton place, at Williamsburg, will
be released to Mr.. Ferguson, if4le wants it.
This disposes of the report that it is about
being sold to a syndicate for subdivision.
The farmer will make money this year.
He will have money to spend and he will
spend it, too. with the result that all
branches of trade will receive a great
stimulus, and the railroads will enjoy q
double benefit in that they will have the haul
to the West of manufactured goods pur-
chased with the proceeds of the products of
the, soil which they have hauled to the East.
1t can be depended upon that the period of
prosperity which is sure to follow this ex-
ceptionable crop year will put an effectual
Quietus on the discontented agriculturists
and wage earners. As showing what the
railroads are doing. reports reveal that the
gross earnings of 1874 roads for August aggre-
gate S40s2l,94 on a total of $500 miles, a
gain in receipts of per cent and in mileage
of about per cent. This follows q gain in
August, $780, of per cent over the same
month of 1889. The best showing in any one
group is that made by the trunk lines which
Indicate gain of l55 per cent.
The fight against the monopoly of the
petroleum trade in Hamburg by the German
American Petroleum Company, that is to say,
the Standard Oil Company, is making further
advance. A Berlin paper says: "The latest
move of the Hamburg Exchange is to request
the Bundesrath to suspend the duty on
petroleum casks"
Business News and Gossip.
streets of Edgewood where not already laid.
Two new schoolhouses will be erected
next year in the Tenth ward, Allegheny.
Plans for them are being prepared.
There is an impression In certain quarters |
that the city will buy the ground adjoining |
Highland Park now controlled by the STAN |
dard Oil Company. This would give the park |
a river frontage.
At the last call yesterday 13 was bid for |
fered ut H14
Insiders Claim that the earnings of the
Sugar Trust this year justify an advance OF
the common stock to par.
The national bank depositoriesnow hold
Sic 24O, 1858 Government deposits.
Wooster O., is to have a national bank
with C. V. Hand as President
Upward of $1,000 90 gold was received in
New York yesterday from Europe.
Movements in Realty.
S. 4. DicEie & Co., sold for H. L. Benner, to
Michael Meade, property on Euclid
avenue, a two-story and attic frame house,
with lot 22x62 feet, for So SIS.
A. J. Pentecost sold lot 60 in his Valley
View Plan, Charters Valley Railway, with q
frame dwelling for s375.
Hoffman & Balaridge, Williamsburg, sold
lot No. %, in the Edgwood Park Plan, Edg-
wood, Pennsylvania Railroad, within three
minutes of station, 35xll9 feet, for 1915. The
purchaser intends building brick resi-
dence in the near future.
Black Baird sold for Joseph Berger to
Frank Keyser property having frontage
of % feet on the east side of Montana allev
by a depth of 80 feet to Mcdonald Way with
q twostory frame dwelling thereon, for
81 200.
Charles Somers & Co. report the following
additional sales of lots at Blaine: James
Leese, Duquesne, Pa, lot 16, in block u, $50:
J John Stotobye, city, lot 40. IN block l3, $500:
F J. J;op Prentice Pngpesne Pa lot H. in block
lO, in block S, $3.50; j. l. Robinson, Allegheny,
lot 27, in block IL, $500; Mrs. Jane V. Jones
CanonsDurg, Pa, lot Il. in block l2, $500 |
James II. Henderson, West End, city, lot So
in block Il, $3.50: W. J. Lightner city, lots ii |
and 25 in block l3, $3.50 each.
4. 2. Byers & Co. sold for Mrs. Selvine
Jenkins to Mr.. J. j. Quinn q new frame
house of six rooms, with Il trianguar-shaped |
ot, corner of Glendale and Menlo streets, |
Duquesne Park, Tenth ward, Allegheny
City, for $1,000.
W. A. Heron Sons sold at Edgewood.
2. R. R., lot ll9 in the wilkins third plan, 4Ox
20 feet, on Mif1ln street, for $500. Also on
Castor street, West End, lot 20X50 feet, for
;I5O
The Burrel Improvement Company report
,he following sale of lots ut kensington,
Angelo Pandalfo, Pittsburg, lot ST. block & |
or $40: George Minter, Kensington lot 81,