Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-04
THE TREND OF TRADE.
Opinions From Good Sources Showing
Condition and Prospects.
UNEASINESS ACROSS THE WATER.
Local Spectators Still Waiting for Some
thing Good to Turn Up.
OFFICE AND STREET NEWS AND GOSSIP

Facts and opinions from various reliable
sources go to show that the financial s1tua-
tion is sound and the activities of the coun-
try on substantial basis.
The August interest and dividend dis
bursements amount to about $22 100000. This
vast sum will have to be invested. This Will
give powerful impetus to all lines of trade.
Money at the leading financial centers,
! particularly New York, is rather more sensl-
tive, with more rigid scrutiny of names
and collaterals on applications for time con-
tracts. and flrmer rates for such loans. The
disposition on the part OF lenders appears to
be to Obtain, absolutely good security ana
otherwise to insure the repayment OF the
loan or else not to lend their money on time
| at all.
A veteran stock operator says: "There is
nobody at home to buy stocks. The bears
have got all the rumors their side and
tired holders have sold out, but when gold
starts from the other side, as l think it will,
the market will go up ten points easier than
it has gone down two, and there will be
| more bear failures in 80 days than there
have bull failures in three years. ! don't
| believe in all this talk about large foreign
| banking houses being in trouble"
Locally there have been no new develop
| monts affecting the intrinsic value of share
| properties, excepting. perhaps, the Central
| Traction decision, and the general condi-
| tions as regards present and prospective
earnings are very encouraging.
| The crop situation continues very favora-
| ble and furnishes a strong contrast with
| that of year ago. Then the condition of
the growing grains was going from bad to
unsatisfactory. This year the yield of win
ter wheat is exceptionally large, and indica-
tions point to an unusually heavy crop of
spring wheat.
Another satisfactory feature in the general
outlook is found in the generally good re-
| ports of railroad earnings which are coming
| to hand. Gains in May and the early part of
June were small over those of q year ago,
| but later there came change and the i'm
! provement has been fully maintained.
The Financial Chronicle reports some uneas-
| Rumors of difficulties at London, Berlin and
Paris were afloat last week, though they
seem to have had but little more substance
| than those circulated in New York. The
Chronicle is assured that the situation in
London is distinctly better than it was
short lime back, though of course failures
are possible, and a most probable, from time
to time after period of decline in prices so
long continued.
Reports from nearly all the monetary and
commercial centers note returning conf
dence and sanguine expectations of q heavy
trade in the fall.
Business News and Gossip.
The Second U. P. Church people, wilkins
burg, are talking of buying the NJ. E. Church
property on Wallace street.
The walls for the bridge over the railroad
at Roup are almost finished.
Controller Lacey has notified the national
banks that the Al per cent bonds will not
be available as security for circulation after
September
James A. Wilson Is finishing row of six
dwellings in the upper part of Williamsburg
Electric scrip was offered at 1915 at the
last call yesterday. At the same time Bir-
mingham Traction was offered at 10.
The foundations for the Prashvteripa
church corner of Arch and North Diamond,
Allegheny, have been completed, and brick
laying commenced.
Two more office buildings-yandergrift's
and Thaws-will be started early next
spring. The plans are ready.
Good progress is being made on the new
Germania bank building. The removal of
the rubbish is a big job.
Wall street was rather bullish Yesterday,
holiday in London accounts for the abb
sence of quotations from that center.
Pittsburg national bank deposits in De-
cember 1888, were $27, ,2l9, l70: in July, 1891,
$$3S ,9s5, 943-a gain of over $ll, 600.
1t is said another big order for Philadel-
phia Gas will be out this week.
Pittsburgers- who held on to Lead and
bought more to reduce the average, were in
good spirits yesterday. 1t opened at 15M
and held the advance until near the close,
when it broke to 15ll, with a strong under
tone.
Pennsylvania Railroad stock was frac-
tion stronger yesterday, closing at sos bid.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday.
Peter Cullen, frame two-story dwelling,
17x32 feet, on Lytle street, Twenty-third
ward. Cost, $500.
George Knipp, frame two-story and attic
dwelling, 1sx4s feet. on Taylor street, Six
teenth ward. Cost, s. 300.
John Kelley, three brick two-story and
fourth street, Fifteenth ward. Cost So 700.
Otto stiedler frame two-story and attic
dwelling, 2oxS2 feet. on Coral street. Six
teenth ward, Cost s15oo.
G. L. Brown, frame two-story dwelling,
7x30 feet, on Shaffer street, Thirteenth
ward. Cost. $500.
P.J. Morrow brick two-story and mansard
dwelling. lsA3O feet, on Bates street, Four
teenth ward. Cost, 81, OC0.
Susanna Taylor, frame addition mansard
dwelling, 1sx32 feet, on Wadsworth street,
Thirteenth ward Cost, $500
H. j. Jones, frame two-story dwelling,
2l144 feet, on Climax street, Thirty-fir |
Charles Kohlmyer, frame two-story dwell |
ing, 1sx32 feet, on Kramers way, Thirty-sec- |
ond ward. Cost, Sl,4O0.
George Weis, frame two-story dwelling, |
7xS2 feet on Picnic street, Twenty seventh |
ward. Cost, $3.50. |
Frank k1Iooalet,sly. frame addition two
W.
Twenty-seventh ward. Cost, $500.
Emma Kate Bertha, brick two-story and |
attic dwelling, 27156 feet, on Highland ave |
nue., Nineteenth ward. Cost 81 200.
l7x32 feet, 43l Cedar street, Sixteenth ward. |
Cost, s., 200.
Movements in Realty.
BaItensperger & Williams sold for Henry
Kreiling the property No. 1l3 Charles street, |
Allegheny, consisting of lot 2Ox90 with q |
fve-roomed frame house, for 81, 500.
Reed B. Coyle & Co sold lot No. 70 in the |
Grafton Place plan, at Grafton, Pittsburg, |
Cincinnati and st. Louis Railway, fronting so |
feet ON the Backbone road and $50 feet on |
Harriet street, for $500.
. A J. Pentecost sold lot No. 1913 in Pente- |
costs plan, Valley View, CHARTERS Valley |
Railway, with one-story frame dwelling. |
for 1915
Black Baird sold to Thomas Hogan two |
lots on the corner of Anna and Rachel |
streets, Nineteenth ward, being Nos. 22O and
22l in the C. Is. Seely plan, for $500 cash.
\. Y. Byers s Co. sold Tor VIM. A. Black to |
John Pattey lot No. 5S, in VIM. A. Blacks |
plan, Tenth ward, Allegheny City, size BOX
100, fronting on Sheridan avenue, for $500 on
monthly payments.
W. A. Heron & Sons, No. 80 Fourth ave-
nue., sold another lot in the Wilkins third
plan, at Edgewood, being No. 1, fronting
Braddock avenue, 50xl20 feet to 20-foot
alley, for $3.50.
Charles Somers & Co. placed a mortgage of
50, 500 for three years at per cent on resi-
dence property at Sewickley, Pa.
Charles Somers & Co. sold to George
SwartZ lot No. 56, in the LorenZ plan, Char
tiers township, in size 25xl30 feet, from ting
on CHARTERS avenue, and extending through
to Frederick street. for $500 cash.
THE MONETARY DRIFT.