Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-02
OUT OF THE WOODS.
Encouraging Outlook for a Big Fall
Trade in ALI Lines.
NO FEAR OF A MONEY SQUEEZE.
Little Trading but Some Coed Features
Developed in Local Stocks.
OFFICE AND STREET NEWS AND GOSSIP

Eight months of the year have passed inte
history. Up to August trade was seriously
handicapped by conditions and influence:
which paralyzed activity and discouraged
enterprise. Tight money at the beginning
and labor troubles later on put business or
the defensive August opened under better
auspices. The big crops began to have
their effect, the outpour of gold to Europe
was checked, and confidence took the
place of distrust and uneasiness. Improve
ment grew with the month, and when, yes.
terday, September stepped into its place,
there was ev erything to encourage the
hope that the forward impulse would be
maintained, not only for the remainder OF
the year, b Tut for several years to come.
The money question Is, of course, para
mount in any forecast of the future Fears
| of tight market appear to be unfounded.
Gold is already returning from Europe. All
| of the financial centers report sufficient
| funds for all business purposes. Apprehen.
sions of this kind do not affect people who
are looking to ultimate results. On this
| subject leading New York banker is
"W hen the danger of pinch comes you
will see gold flowing back from across the
Atlantic. Meantime it is, perhaps, well for
Wall street to keep its eye skinned for f1nan-
cial trouble. 1t may in that way moderate
its transports and permit the inevitable
rise to come along in Il natural and legiti-
years tight money do not see anything OF
| the kind approaching. The thing that was
| lacking then wsfs con ffdence There is plenty
of confidence now, and confidence begets
| money when money is wanted"
The fact is that the confidence which
seemed to be somewhat wavering month
| ago has reasserted itself, ana business and
financial interests are now united in taking a
| cheerful view of the outlook so far as money
| is concerned.
Real estate is fast recovering its wonted
activity: There is good inquiry for all de de,
| scrlptlons OF property. A number OF large
deals have been consummated Within the
! last few days. and iothers are cooking.
Every day the prospect for heavy fall
business grow better and better Advertis-
| ing is meeting with prompt responses.
Another reflection of the favorable out
look and revival of confidence is shown in
the improved demand for bonds and the
better Speculative conditions caused by the
favorable outlook TO: the railroads, the crop
situation here, and the probable export
movement of cereals With ordinary pru-
dence, the country is reasonably certain of
severa, years of prosperity.
Business News and GossiD.
The Allegheny branch of Christ Church
may be located on Stockton avenue.
The frequent overissue of stock makes it
imperative that all issues shall be registered.
The Union Transfer a. d Trust Company of
this city is educating the people in this
di rectiop.
The growth of the railroad. reflects the
growth of the city. The B. & o. has torn
down the old freight house on Try street
and is preparing the ground for loading
heavy freigat. 1t is also increasing its
yard facilities at Glenwood.
IOndO1 is bullish on Americans leading
brokers say it will not be long before she
recovers ali her holdings sacrificed in the
A meeting of stockholders of the Allie
at the Office Of the company, room 81, West
inghouse building to-day, between the
hours of 2 and 8 P. NJ, to consider and vote
on proposition to increase the indebted
ness of the company.
Christ Church people paid at the rate of
about sSo9oe , van an acre ere for the property Just
the highest ever realized in the East End.
Pittsburg and Western general mortgage
Is were offered at 80 at the last call yester-
day, with 7S15 bid. $500 go.
At the meeting of stockholders of the
Pttsburg Manufacturing company yester-
day, Secretary Milliken read satisfactory
report, and the old board of directors were
reelected.
A new pool in Chicago Gas has been organ
ized and is said to have about all its line of
stock.
metal
on the way TO this country from Europe
+ The Independent Deposit and Loan Asso-
citation of Pittsburg was chartered at Har-
n risSUrg aoU nso Yesterday. The capital stock is
Stevenson, Fred E. schenck, H. W. Dunlap
Jacob Lauer. E. w. Demmler, John c. DiI,
worth, Charles Large, William A. McCutch-
W. Robson and John NJ. Roberts, all of Pitts
burg.
Movements in Realty.
HUFFMAN & Baldridge, Williamsburg sold
a lot on Maple street, Edgeworth, lO0x3O0, for
$500.
John K. Ewing & Co. sold for De Noon
Bros. to Daniel Emery a vacant lot, 5Oxl4s
on Grant avenue, in the Watson subdivi-
sion East Bellevue, Pittsburg, Fort Wayne
and Chicago Railway, for $1,000.
Baxter, Thompson & Co. SOLD lot 4o3 in
Butler place plan, Eighteenth ward, 'front.'
ing 20 feet on Morningside avenue and ex-
tending back 100 feet to a 2o-foot alley, for
$500 cash.
A. ]. Pentecost sold house and lot in VAL
ley View plan, CHARTERS Valley Railway, for
1915
Black & Baird sold to Mrs r. B. Westboy
for $50.
George Schmidt sold another five-roomed
house on Lookout avenue, being on lot No
la in his Eureka place plan, Oakland to
Mrs. B: Dilmore, for s. ooO,
= ,. y. Dlckle u 60. SOlQ Tor w. w. Glffin to
John w. Moore the lot on the northeast cor
,l:er of Hays street and Euclid avenue. Mr..
Moore will put up handsome frame resi-
oence on this lot at once.
Charles Somers & Co., sold for ex-State
Treasurer Livsey his residence property,
situated on Fillmore street, Fourteenth ward.
consisting of lot 4Sx120 feet to ali alley. with
a frame dwelling of eight rooms, bath, fin
ished attic etc. Consideration, 5000 cash.
George B. Robinson Esq., was the purchaser
W. H. Heron & Sons sold on Howe street.
near Aiken, modern brick residence nine
rooms; lot 72xl00 feet, for $780, street sew
cred and paved.
The Building Record.
Eleven permits were taken out yesterday
for l3 buildings, costing, as estimated, s14-
29O. The list follows:
Robert Arthurs, three frame two-story dwellings
on Center avenue, Thirteenth ward. Cost, S. 800 |
Charles Schnitt, frame two-story dwelling, on |
Natchez street, Thirty-second ward Cost. 81. $50.
Margaret Smith, frame two-story dwelling. on
Broad street. Nineteenth ward. Cost 81 600. |
Robert Stevenson, frame two-story dwelling on
Cypress street, Sixteenth ward. Cost $500. John |
I.uffman, frame two-story dwelling OH Liberty |
street Twentieth ward. Cost q, 4oo Mr.. Finne- |
Twentieth ward. Cost, $3.50. z, Griffin. frame
two-story dwelling, on Boston street. Fourteenth |
ward. Cost 500 T. Griffin, frame two-story |
dwelling, on Boston street, Fourteenth ward. |
$3.50. Joseph Fuchs, frame two-story dwelling
near Taylor street, Sixteenth ward. Cost, $3.50 |
Adam Moshancr, frame two-story store and DWELL |
ing, on Shetland street. Twenty-frst ward. Cost, |
81, 800.