Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-29
OUTLOOK FOR MONEY.
The Bulk OF Opinion Favors a Con-
tinued Easy Working Market.
HEAVYIMPORTS OF YELLOW METAL
Strong Features in Local Stocks, but Buy
erS Hesitate to Take Hold.
OIL SLUGGISH AND A TRIFLE WEAKER

The financial situation is interesting. II
is being discussed from several points OF
view. Some bankers think that the revival
of business means stringent market later
in the season, but the great bulk of opinion
is the other way. This country is likely to
import gold at the average rate of 81, ,000, 900
per day for some time. This will be suf-
ficient to prevent any squeeze, but per
cent rate will probably rule until the crops
are moved. A New York authority is
quo cd as saying: at is impossible to put the
| market down III the face of the large imports
| of gold. The receipts for the present week
| will be the largest ever known for any one
week The result is the easiest call money
market at this season that we have known
for years in anticipation Of the quarterly
payments now about due. "he banks hold
| a large reserve and it will be increased
rather than diminished this week" At Chi
| cago there Is talk of dearer money, but
| bankers have little fear of it unless some
thing shall happen to clog the free move
ment of grain, in which case @ serious
! squeeze is considered possible.
Increase in Railroad Earnings.
Railroad earnings are still on the right
| side. The gains are general, and the de-
creases unimportant For the second week
| of 81 per cent. The increase is steady and
the only falling off of any account is that of
| Cincinnati, New Orleans and Texas Pacific,
which loses a little more than per cent.
For the third week of the month, % roads
show very nearly the same percentage Of III
crease, the gains being most important in
the Northwest, while the Denver and the
Crank Trunk both show a slight falling Off
The percentage of Improvement must be re-
garded as more than satisfactory.
Manipulating Dividends.
There seems to be a disposition among the
railroads of the country to fix the regular
dividends on their stocks at a rate not ex-
ceeding per cent, and whatever can be
paid above that rate will be declared as an
extra dividend. On this subject a promi-
nent official says: ''The policy of declaring
each quarter any higher dividend than at
the ate of per cent is being abandoned.
Some companies intend to adopt the policy
of setting aside each month a certain pro-
PSrtionate sum for the quarters dividend;
companies on a basis where they will at
tract investors"
Business News and Gossip.
Mr.. Mckay has commenced fine stone
and brick mansion at Ben Venue.
Trustees of the Second U. P. Church, Wilk-
insburg, are looking for a site whereon to
erect house of worship.
Youngstown, o., is inviting proposals for
an electric light plant
The United States Corporation Bureau re-
ports 1872 new enterprises started in the
United States for the week ended September
Is, with total capital of sl6S 6l0,950
The Delaware and Lackawanna Directors
have declared the regular quarterly ,divi-
dend of 1A per cent.
The steel rail situation is peculiar, as the
railroads seem to hold off in their pur-
chases and are inclined to wait for better
earnings or opportunity to sell bonds.
a critical time. 1t was doomed yesterday
bevond expectation.
H E. Wilson has made application for
membership in the Exchange.
Duquesne Traction bonds can be bought
around So
BoSton's dividend payments due in Octo-
Der, are IS, l67. .4S3 against 81, 35S in April
and 80 4O1, 934 in October 1890
The corn crop has matured The West is
getting rain. There were light rains every
where over the West yesterday, with pros
A local stock firm received the following
from New York: Four million and twenty
thousand dollars gold received and s., ,225 600
known to be on the way.
The London market was strong, except
Union Pacific, which was fractionafly lower
New York marketed considerable long
stock.
Movements in Realty.
Shaffer to VIM. McAlpin, Esq, of Tarentum,
the property, No. 227 Juniata street, Sixth
ward, Allegheny City, consisting of six
roomed house, with all modern convent
ences, fronting 25 feet on Juniata street, for
$500 cash.
John K. Ewing & Co. sold for Miss A. c.
Way to Robert F. Shannon lot 2O0x2sO
fronting on Edgeworth lane, Edgeworth,
Pittsburg, FIT. Wayne and Chicago Railroad,
for IS 600.
5. A. Dickie & Co. sold for C. D. Mobley to |
Thomas West lot on Copeland street. Twen- !
tieth ward, 25Nl00 feet for 81, $50.
Baltensperger & Williams closed the sale |
of IA more lots in the Ingram Villa plan at |
Ingram station being Nos. 43, "A, "a, 46, a, 49, |
49, 90, 81 81, SO, 81, 55 and Sc, each fronting So
feet on Watkins avenue, with a depth of lag |
feet to All alley, for 81, 900. The purchaser is |
q prominent business man.
A. J. Pentecost sold lot 63 in his plan, Val |
ley View, CHARTERS Valley Railway, with u |
one-story frame dwelling, for 1915
Baxter, Thompson & Co. sold lot No in |
Ruch Place plan, fronting % feet on Kirk |
patrick street and extending back 100 feet to |
80 foot alley, for $500 cash.
Charles Somers Il Co. sold a mortgage of |
$500 for three years, at per cent interest, on
property situated on Angle alley, |
Twenty fist ward, city.
The Building Record.
Nine permits were issued yesterday for the |
same number of improvements, the total
estimated cost being $l7, 49,
j. Il. Clung. frame two-story dwelling on Web
ster street. Thirteenth ward. Cost So, 600. Nicho-
las Hartman, frame two-story dwelling on Apple
street, Twentyfrst ward. Cost, g. 600. ]. Davies,
frame two-story dwelling Montezuma street.
Twenty-frst ward. Cost, sl,65O. Charles Rum
nette. frame two-story dwelling McCandless
street, Fifteenth ward. Cost, 81, 100. Mrs Nc
Roberts. frame two-story dwelling on Lawn street.
Fourteenth ward. Cost 81, 900. W. S. Boyleston |
brick twO-story dwelling on Terrace street. Four
ieenth ward. Cost 900. Thomas F. McDonough.
frame two-story dwelling Sedgwick street |
Twenty-seventh ward. Cost $3.50. John Kuchen-
baker, frame two-story dwelling Winslow
street, Twenty-Iirst ward. Cost 81 397. Adam
Liennger. frame twO-story dwelling on Addison
street, Thirteenth ward. Cost, 81, 500.