Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-01
TRADE OF THE CITY.
ALI the Features Continue to Be of a
Reassuring Character.
HOLIDAY INFLUENCES ARE FELT.
Saturday S Boom in Local Speculation Shows
Staying Qualities.
OFFICE AND STREET NEWS AND GOSSIP

| The week business opened under favor
able auspices, and the general tone of the
markets was strong. Money was without
special feature, but the call from manu-
facturers and merchants was sufficient to
maintain rates. 1t is seldom the banks are
so strong so near the great holidays of the
year. The stock of funds will soon be
| largely increased by interest and dividend
disbursements, which will assure contin-
| ued easy market for some time to come.
| The foreign trade of the country was
| never in more prosperous condition. Ac-
| cording to the Journal Of finance for the four
months ended on October 81, compared with
| 1890, the imports of merchandise show a
decrease of S25 954, ,446, and the exports an
increase of 81, ,4S5, S55, an excess of exports
of $50, SIG, 496, against an excess Of imports
of 1888, sos a year ago. Deducting the
bullion movement. the net excess of ex-
ports in the four months was S44, ,091 ,861,
against an excess of imports of 81, 060, 209.
No such favorable figures have ever before
reflected the condition Of our foreign trade
A New York bond specialist says: The
feature of the bond market during the past
week was the wide range of trading, which
included an unusually large number of diff
ferent classes of bonds, as we'll as the very
marked increase in the investment demand.
While this continues to be largely of re-
tail character, the tone of the market has
improved in a very decided way, and the
transactions show conelusively that the
speculative anticipation is favorable to an
increased and eager demand for bonds after
january.
The railroad situation continues full OF
bull points, and the good outlook ahead
seems to reach we'll into tine future, as the
roads will have the Columbian Exposition
traffic following soon after the heavy ton
mage which arises from the transportation of
the crops of 1891; and part of this tonnage,
that pertaining to corn, will last well up to
the end of 1892.
Business News and Gossip.
The Pittsburg and Birmingham Traction
Company will give out statement this
week. A gentleman in a position to know
said yesterday that it would be SO good
as to have bullish effect on the stock.
The purchaser of 81. s. A. Stewards Il
acres on the Morningside road is Wood
street business man. The price, s., 500 an
acre, is moderate for that locality.
The Wall Street News says: "a Standard
Oil trustee is quoted as declaring that there
will never be any more lively speculation
in petroleum.
The capital of new enterprises started up
in the South last week aggregates So, ,4O5,-
900.
1t was again reported yesterday thst a
theater or hotel will be erected on the
Lazear property, in the Nineteenth ward,
recently sold for $50, ,OOO
Mr.. E. NJ. Moore, of Black & Baird, re-
turned yesterday from business trip to
Chicago st. Paul and Minneapolis. He
reports Minneapolis wild over the conyen-
tion.
Electric cars will begin regular runs to
Sharpsburg tomorrow. Trial trips will be
made to-day.
John M. Davis & Co. have purchased the
renting business of Kelly & Rogers, who
will devote their whole attention to the
buying and selling of real estate.
At the last csll yesterday 9oA was bid for
Duquesne bonds-an advance.
kulin Bros. were the only buyers of
Luster.
Harry H. Vance, Joseph L. Vance, Frances
L. Stephenson, John NJ; McBri and Charles |
the Il e. Banner Baking Powder Company.
To-day the traffic arrangement between |
the Pittsburg and Duquesne companies goes |
into effect. Two cents more, please. |
Friends of the Northern Pacific say the |
road will earn the full years dividend on |
preferred. |
The end of the month found local stocks
The statement was reiterated that the re-
organization of the Electric and Manufac- |
turing Company has been substantially COM |
pleted. This would be gratifying news to |
Coal is again king in Williamsburg and ad-
jacent towns.
Movements in Realty.
Hoffman & Baldridge sold a new frame |
house of six rooms. fine attic. bath, etc., |
l1a
burg, for $500.
Black & Baird sold to Grant Buzard lot |
No. 56 in the Gillespie plan, OF Heron HILL |
Park. Thirteenth ward, for $52h; also lot No. |
40 for s475 lot No. SO for $780, and lot No. 81 |
for $5l5.
John h Ewing & Co. sold for William |
Cuttings to Edward Noble Ia vacant IL lot, 2o1
gheny, for $500.
The Burrell Improvement Company re-
port the following sale of lots at Kensington:
for sisl 25; John Clarke, Pittsburg, Pa, lot
30 block 9, for S345; Joseph Camlin, Alle- |
ghsny Pa lot ss BLOCK for :, ssso o: NICOLA ola
$552 so; Sebastian Picardo, Pittsburg, Pa. lot |
GA. block l, for s4ss IS; Welty & Ellis, Par
nassus, Pa, lot !5 block lS, for s722 so; Henry |
side lot 80, block 6, and ten feet south side |
lot 81, block 6. for 81 ,0l2 5o Frank ]. Glass,
Pa, lot 16, block !. for s43O So
The Building Record.
Nine permits were issued yesterday for the
same number of improvements, all estima-
ted to cost $22, 400:
T. j. Cofey. additional story to business house
on Liberty street. Fourth ward; cost S. 500. Fred
erick Stoite frame two-story dwelling on Smith
street. Twenty-third ward cost S1,2OO. Ellen
Garigan, frame two-stOry dwelling on Carnegie
avenue Eighteenth ward: cost, 5000. Henry
PoeckIer, brick two-story dwelling on Trent street.
ward: cost, g. 500. Louis Hahn. stone
and brick two-story and mansard dwelling on
Meyran avenue. Fourteenth ward; cost. 81. 500.
Michael Egan, change from stable to two dwelling
houses on Marie street, Sixth ward; cost $500 G, |
W. Schmidt, three additional stories to warehouse
on Virgin alley. Third ward; cost. ss 600. Phares
avenue: Thirty-nEst ward: cost loo. Frank
alley Sixteenth ward; cost. 500. c. B. Knapp,