Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-22
HOW OTHERS SEE IT.
Testimony as to the Prosperous Con-
diti0D of Business.
CHEERFUL VIEWS OF OUTSIDERS,
Small Movement In Local Stocks, but
Values Generally on the Climb.
OFFICE AND STREET NEWS AND GOSSIP

OFFICE AND STREET NEWS AND GOSSIP
That Pittsburg is prosperous cannot be
doubted Proof abounds in every direc-
tion. This refrain has been heard so often
that 1t may be monotonous to some people,
but being a fact it cannot be given too
much prominence as means of encourag-
ing the few doubling Thomases who refuse
to be converted. The local situation being
all right, it may be we'll enough tostake q
glance at the general conditions of trade
and see if they are favorable or otherwise.
**#t
The Financial Chronicle, a recognized au.
thority, bears this testimony: "When the
harvest has been fully finished and the
movement to market in all its volume has
extended throughout the whole of that vast
and wonderful section that we call the West,
when our carrying industry, which is just
now beginning to partake of the accruing
benefits, shall be enjoying the full prosper
ity that cannot fail to fall to its share in
marketing the crops when, also, the numer-
GUS allied industries which these two great
interests, in their prosperity, never come
short of putting in active motion, shall fall
under the same inf1uence-when these forces
get fully in action, 1t seems almost impossi-
BILE to exaggerate the effect upon
the activities Of the country. Busi-
ness is now showing marked signs of
renewed life. Had the months Of depres-
sion We have been passing through been
months of liquidation we~should not antic1-
pate that this revival would indicate its
presence very clearly in the money market
this year, since time is required after
period OF commercial and financial derange-
ment for new engagements to reach stage
observatle le in banking operations. But we
do not find there has been any very mate
rial liquidation, at least, none shows itself
in bank returns"
The same paper says that nearly everyone
in Europe takes most optimistic view of
the situation, and the opinion is general that
the public are prepared to operate on a scale
to which we have been unaccustomed since
the end of 1856. Owing to the end of the civil
war Chilean bonds and nitrate securities
have also risen sharply, and there has been
further, though not very considerable,
recovery in most other South American
securities. There has also been some ap-
pearance of a revival of speculation in the
South African gold market.
<$k
A prominent Wall street operator writes:
1.-THE bullish tendencies of the stock market
have been augmented and confirmed by the
practical safety of the corn crop, the decline
of exchanges and the continuance of gold
shipments from Europe. The latter circum-
money market, which, while firm, shows few
signs of approaching stringency, although
funds are moving west andi speculative ac-
tivity creates additional demands"
The market for railway bonds displays an
unabated interest on the part of both in
vestors and spectators. The former are
Iii, 1,old ny,d %hn1 Lot
ter purchase the low-priced issues with the
same readiness that they give out orders for
stocks. Each day affords confirmation of
the remarkable change that has come over
the bond market. Issues which were wholly
neglected and unsaleabiea a couple of months
ago now jump a point or more at a time
when an order for only moderate amount
is executed.
Business News and Gossip.
Calvary Cemetery people are erecting a
handsome stone and brick office building
The Sharpsburg division of the Citizens
line is practically finished with the excep-
tion of the power house, and it is almost
ready for the roof The superintendent
says cars will be running by the middle of
October.
The Burrell Improvement Company sold
81 lots in Kensington on Saturday.
The mortgage business is rather slow. |
There is plenty of money but few borrow
ers. Many lot owners are deferred from |
building by the lateness of the season.
II. B. Smithsen, auctioneer, sold Saturday |
afternoon for E. L. Byers & Co., SIS 900 worth |
of lots in the Ridgeview Land Company's |
plan, Eleventh ward, Allegheny. Five lots |
fronting 4s feet on California avenue, sold |
for 80, 900 each. |
The Board on Wooden Buildings is COM !
posed as follows: Charles Hoffman, Build |
ing Inspector, Chairman; j. A. Brown, As |
Bureau of Fire; John Steel, |
William Coates, James Stewart First, Sec
ond and Third Assistants Bureau of Fire, |
and c. L. Brennan, Secretary. All applica- |
tions for wooden buildings must be made to |
this board.
The German National Bank was moved |
into its new building yesterday. 1t is one of |
the most striking architectural features of
the city.
Mr.. j. c. Allies has returned to Pittsburg
from Chicago and expects to go into the real |
estate business again.
At the last call yesterday Birmingham |
bid.
1t was reported yesterday, but not veri-
fed, that the Electric reorganization plan
had been completed. The new stock will be |
ready early in October.
The annual meeting of stockholders of the |
October 5.
Movements in Realty.
A. II. ByerS q 20. SOlQ Tor rne h1Qgeview |
Land Company to DIR. J. H. Wright lots Nos. |
81 and 50 in their plan, on the line of the |
California Avenue Electric road Eleventh |
ward Allegheny City, having frontage on |
California avenue of 50 feet and extending |
back a distance of 16O feet to Massachusetts, |
street, for 50, $50
J. C. Reilly sold for John Nusser to Thomas |
Lloyd lot No. Sc, 60xl20, on Homestead street, |
North Homestead for $780,
A. J. Pentecost sold for the estate OF DAN
lei Yeney, at Tarentum, lots l, 9, s, T. and IL
for 81 ,267, the purchaser being H. Flackus.
Baltensperger & Williams sold for the firm
to Mrs. Maggie Hoffman lot No. 80, in the
West Liberty Land Companys plan, ad- /
joining BeltZhoover borough, a2xl20, for
s237 so cash.
Black & Baird sold for .. Walter Hay to
Henry E. Mccoy lot No. "a, in Haywood
Place plan, having a frontage of "a feet on
Clarissa street by depth of AS feet to an
alley, for S625 cash.
Baxter, Thompson & Co. sold lot No. In
Ruch Place plan, fronting % feet on Kirk
patrick street and extending back ITO feet to
20foot alley, for $500.
w. A. Heron Sons sold three lots-two
on Castor street and one on journal street.
ward, West End, each 2Ox5O feet,
for $3.50 tor all, on easy payments.
The Building Record,
Eight permits were issued yesterday for
nine houses, the estimated cost of all being
s8S, ,075.
1