Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-24
DRIFT OF BUSINESS.
Reports of Easy Money Come From
All the Great Centers.
BANKS STRENGTHENED.
Stormy Weather Causes Quiet Day Among
the Local Bulls and Bears.
OFFICE AND STREET NEWS AND GOSSIP

Ihe easy conolt1on OF the money market
is attracting attention and comment in all
quarters. That this is so after the heavy
exports of gold to Europe, only about one
half of which has been returned, and the
large sums concentrated in the West to
move the crops, is agreeably disappointing.
Nothing languishes for want of financial
| support.
On this subject the Wall Street Ne,us says:
zone of the most important factors on the
bull side of the stock market at present is
the increasing ease of the money market
both here and in London. The New York
banks are adding to their reserves, the re-
turn flow of money from the West, South
and the interior has set in, and gold i'm
ports continue to add to our stock of the
yellow metal. The foreign bankers are all
strengthening their position to as great an
extent as possible. The Bank of England
increased its stock of gold G13l,0OO last
week, and now holds e23, ,076, ,692, against
922, ,557 ,90S a year ago. The Bank of
France added II ,475, 600 francs to its gold
account, which now stands at 953, ,125, 900,
against e44, 5S6, 900 a year ago. The I'M
perial Bank of Germany has also improved
It's position, so that all are now better pre-
pared to undergo a strain than they were
at the time of the Barring collapse last
year."
Manufacturing Site Sold.
Another manufacturing site on the
Northside has changed hands. J. X. Ewing
& Co. have closed the sale OF one in the
Ninth ward at a price approXimating
$4,000. This is tine fourth transaction in
this kind of property in Allegheny within
two months. The purchasers will build or
improve in the spring
Real Estate Brokers' Commissions
The Appellate Court of Indiana held, in
the recent case of Barnett versus Ginting ct
al, that a real estate broker, employed at a
stipulated commission, in case he finds
purchaser for certain designated real estate,
at price fixed, who produces a purchaser
ready, able and willing to purchase at the
price and upon the terms, with notice to his
employer, is entitled to his commission, and
that the fact that the conveyance was made
chaser, if it was the same transaction, and
resulted in the sale of the property, of which
the broker was the procuring cause would
not debar the latter from recovering his
commission.
Business News and Gossip.
Four new manufacturing concerns will be
erected in the Tenth ward, Allegheny next
year.
4 nut. lock and bolt company has been
organized at Washington, Pa, with capital
of SIC, coo.
The DAILY Mining Company has declared
its October dividend of % cents per share,
amounting to $37, 500. making s2,I75,OOO paid
to date.
The net earnings of the Chicago Stock
Yards since January and up to November
l have been 81 343,7l decrease of $202 45
The only important building permit issued
yesterday was to Y. z. & E. NJ. Smith for
street, Nineteenth ward, to cost s., 500 Two
others were taken out for small improve
ments, both costing $l.360.
For the week ending November IA 3lS
corporations were organized in the United
states, with an aggregate capital of $780,
O74O5O.
The lumber output in the Northwest for
the year reached 447. 252 feet exceeding
the record of 1890 by l0S 13S, $50 ieet.
w. c. Stewart left for New York yesterday
evening on business.
An evidence in the congestion Of railroad
traffic in the West is the fact that the Rail
road Commission OF South Dakota have
shall furnish more cars.
Louis B. Fulton, william Nj. Ralston, NJ. B.
Chaplin. Charles W. Townsend and J. B.
Booth have applied for charter for the
Chaplin-Fulton Manufacturing Company.
The price of whisky was marked up 2
cents on Saturday.
Movements in Realty.
Samuel W. Black & Co. sold through Horn
burger & Co. a property in Glenwood. Twen-
ty-third ward, consisting of lot 2ix12O, with
a two-story frame dwelling of four rooms
fol- price approximating s., ,5O0
Black & Baird sold to L. johnson two lots
in the Barr plan, at Homewood, having q
frontage of so feet on SuSquehanna street by
a depth of 100 feet for S., ,OC0.
J. K. Ewing & Co. sold for Mrs. Catharine
P. Sloughten lot 20xl00, on Howard avenue,
tenth ward, Allegheny, for $780,
Denniston, Elderkin & Co. sold for G. M.
Alexander to Nathan Floyd two lots on
Gerrett street, corner OF 1dlewild street,
Twenty-frst ward having frontage on
Garrett street of 1896 feet, for s, ZOO also for
Mrs Eliza Clements to John Wesley a two
story brick store room and dwelling of six
rooms, lot 201l20 to an alley, situate on
Frankstown avenue, for S., 100 cash.
A. Leggate & Son sold a lot 1cOx240, with
street, Osburn, on P. F. w. & C. R. R., at
$4,000.
j. II. Coleman & Co. sold for Mr. NJ. Maw-
hinny n lot AKA on corner Harvard street
and Euclid avenue, for 1850, to Mr.. Thomas
Doyle.
Allies Bros. & Co. sold for Fred Arnold to
n. Minser property No. 1l9 Crawford street,
two-story ffve-room brick house, with lot "a
A62 feet for 81 AGO.
The Burrell Improvement Company re-
port the following sales of lots at Kensington,
the new manufacturing city on the Allie
gheny Valley Railroad: Charles Russell,
Pittsburg, lot l19. block z, for S375; John A.
Mangold, Charleroi. Pa. lot lis, block I. for
burg, lot ii, block II, for SOL %; Owen Quinn.
Southside. Pittsburg, lot 10, block IL, for
SOL 25; Bernard McGlade. Southside, Pitts
burg. lots and 9. block II, for $l.402 SO; Ger
tantino Vitate, Blairsville Intersection, lot
IS, block !, for S43S IS.