Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-02
WANT MORE GROUND.
Birthstone Corner People May Buy
the Christ Church Property.
SALE OF GILCHRIST HOMESTEAD.
The Last Half Of the Year Opens With Every
Indication of Bulge.
THE FEATURES OF LOCAL SPECULATION

Another element of uncertainty has en-
tered into the final disposition of the Christ
| Church property. 1t was stated a short time
| ago on good authority that the Smithheld
| Street Church people had no notion of SELL
| ing, but would likely put up a larger build
| ing in the course OF two or three years.
Some of the leading members of the congre-
cation now think the lot is too small Tor
such structure as they require and are in
favor of selling it and buying the Christ
Church property. This change of sentiment
seems to have taken place since the publ1ca-
tion alluded to. The trustees held meet
ing Tuesday evening and talked the matter
over, but postponed definite action until
next week 1t was learned yesterday that
the drift of opinion was in favor of putting
in bid for the Christ Church lot. Among
other bidders, according to report, are JOS
eph Horne, q prominent clothing firm and
Philadelphia capitalist. Bids will be opened
on the 18th, when the longest pole will prop,
ably knock the persimmon: About rds s
of $500, 900 for Birthstone corner:
The Gilchrist estate has sold for M. NC
Cormick, Esq, 741loo feet, with two-story
brick residence on Penn avenue, beyond
Dennison, for 5000. The purchaser will
put some Improvements on the place and
occupy it as residence.
A Puzzle to Some People.
This question was asked by business
man the other day: "Where is the volume
of lot buyers recruited?" There is no diff
Guilty in answering. Pittsburg is so pros
porous that almost every toiler, skilled or
unskilled, is a buyer. The mills and shops
are full of them, and there is a steady ac-
cession from other cities and towns. Pitts
burg is the Mecca of the workingman, and
so long as she holds that position there will
be no abridgement in the number of lot buy
ers. The yearnings for proprietOrships is so
strong in this community, and the means of
achieving it so clearly within the reach of
all, that few are content to occupy rented
quarters longer than they can make provt-
sion for homes of their own. This is laud-
able ambition, and should be encouraged by
owners and builders.
The Last Shall Be First.
The last half of the year opens under more
favorable auspices than the first half. Then
financial distrust was general, money was
tied up, crippling enterprise a great strike
impending, and the outcome of the crops
problematical. Now money is abundant and
easy, confidence is restored, large crops are
assured and the strike in the building trades
has almost, if not quite, run its course. Con-
ditions are all right for forward move
ment, but as this Is the dull season of the
year, bulge is not expected. By the middle
of August, however, when the crops begin to
move, unless hitherto infallible signs fail,
Pittsburg and the country will see a revival
in all lines of business that will
more than make up for, the deficiency
the urgent demand for houses, building op-
erations will be pushed with great vigor.
Sites have been purchased and plans pre-
pared for large number of public and pri-
vate structures, which will be begun as soon
as workmen can be obtained.
Business News and Gossip.
Several architects visited yesterday were
confident that building operations would
soon be resumed. Two of them had received
orders to finish plans for handsome subur-
ban residences.
A good feature of the financial situation is
the comparatively small amount of money
tied up in wild Western and Southern real
estate. Last year it reached such a sum as
to materially contribute to the financial
stringency.
The semi-annual disbursements of inter-
est and dividends will be so large as to as
sure an easy money market the remainder
of the year. A number of Pittsburg banks |
and industrial corporations have already |
made their declarations. |
The best authorities now estimate the |
wheat crop at about 545, 100000 bushels, |
which is the largest crop, ever harvested. |
The foreign demand will, it is estimated, |
consume from 20 to IS per cent of this i'm
mense yield.
Directors of the Iron and Glass Dollar Saw
L.
terbury, John Gallaher, F. Baxmyer. E. P
Logan, Charles Poth John Davies, NJ Kim
mel, W. j. Lewis. Robt. Mcdonald, Thomas
Evans, Geo. A. Macbeth, VIM. Schuette and
James E. Duncan.
London and New York markets were ac-
tive and higher yesterday, indicating that
stock buyers are coming out of their holes.
The street railway system of Pittsburg has
been revolutioniZed in the last decade. Ten
years ago there were seven horse car lines,
the total earnings of which were $2S9,6sO.
Now the Citizens Traction Company carries
almost as many people as all the lines did
ten years ago. This will serve for an
example of the superiority of the modern
system over the old.
A list of banks and other corporations
which have just declared dividends appears
in the advertising department.. A divi-
dend is nearly always accepted as evidence
of prosperity.
The Pleasant Valley Company will settle
the question OF dividend some time this
month. The date for the meeting will be de-
cjded on in a day or two.
A special meeting of stockholders of the
Fidelity Title and Trust Company has been
called for September for the purpose of
voting upon the proposition to increase the
capital stock to 81, 600 900. The present capi-
tai is $5O0,0 900.
News of an assuring character was re-
,eived from the Luster mine yesterday, and
Insiders were little stronger on the stock
The Building Record.