Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-08

/
SIS 62S, $50.
Railroads Full of Business.
The railroad situation is interesting.
! Roads both East and West are refusing
business owing to the blockade of freight
President Roberts, of the Pennsy lvania, is
reported as saying that the early orders OF
the company for steel rails are larger than
in the previous year. Last year the Penn
sylvania bought in all 81, 900 tons of rails,
or nearly one-tenth of the entire production.
He added: ''The outlook for next year is
very promising. We hope the prosperity
of the agricultural districts will be felt in
manufacturing soon. We have Just ordered
5000 ears. and this, with our present equip
ment, will be needed to do the large busi-
ness offering. We are also arranging to
build 80 to 800 locomotives" Earnings of
the Buffalo, Rochester and Pittsburg for the
fourth week of November show an increase
of $? ,3S5, and for the month, S14, ,1SJ. This
clearly indicates the growing improvement
of the property and the able manner in
which il is managed. Eighty-eight roads
during the third week of November show a
gain of 1.36 per cetf, and for the fourth
week of November ia per cent. The
gains are general and the losses eIcep-
tional.
Municipal Securities in Demand.
A New York bond specialist SAYS: "The
inquiry for bonds of all classes has continued
to increase. and transactions in the Ex-
change include an augmented number of
securities. The demand for municipal Sc
curities is also much larger than for long
time past. There is, of course, some spec
uiatiye buying of the lower priced issues or
of bonds which promise to come into favor
later on, but the movement in the main
seems to be due to the ease of money and to
anticipations Of a very large reinvestment
demand in January"
The F;aancidl Chronicle has examined the
course of prices during recent years and
finds that taking the average price of p
active stocks as a standard, the market on
January l last stood at &C. March 10 was
about the lowest point in the reaction then
in progress, the price standing at 65. The
rise in the spring carried the market up to
~ The decline carried prices to 63, the
lowest of the year. The summer advance
carried the advance to 76. lac in Septem-
ber The average now stands at about "a.
The extreme prices (averagc) in 1890 were
81 and 60; in 1889, a and 70, and 1883, 76
and Ga.
Business News and Gossip.
1t will be good news to many to learn
that beginning to-day the Airbrake works
d
a full complement of hands.
1t is said Messrs Murphy s. Diebold will
establish a lumber ward on part of the
Hubley property in Williamsburg, recently
purchased by them.
Dealers in holiday goods report sales
almost as large as those of the same period
last year Country orders are quite liberal.
The Minnesota Iron Company has de-
clared quarterly dividend of u per cent,
PAYABLE January ..
1t is claimed for Pennsylvania that she
produces SO per cent of the coal output, 81
per cent of the petroleum and about 80 per
cent of the pig iron output of the United
States.
The following building permits we're is
sued Yesterday: J. d. Carlisle, four frame
two-story dwellings on Neville street, Four
teenth ward. Cost, $4,000. Kober heirs,
four three-story dwellings on Smallman
street, Twelfth ward. Cost, s, 500. Thomas
Baldwin, two frame two-story dwellings on
Mlllwood street, Thirteenth ward. Cost,
81, 200. A. Trautman estate, brick three
story business house on Wright's alley,
ward. Cost. $1,000 Charles
Goldstrom. frame one-story store on Butler
street, Eighteenth ward. Cost. $780,
Steps are being taken to establish an iron
plant at Elkin, W. Va The Cambridge, O.,
Iron and Steel Company plant is to be en-
larged.
Farm mortgages to the amount of 81 3d.
52S were paid off in IS counties in Nebraska
during October.
Kuhn Bros. bought 200 shares of Birming-
ham Traction stock at 49,
Daily reports show good movement
in realty. The prospect is good for a whirI
early in the new year, when large amount
of money will seek investment in this. the
best of all securities.
In Iowa and other sections of the West a
coal famine is reported imminent owing to
the inability of railroads to furnish cars for
This traffic.
Joseph Anglin, architect, is making plans |
for brick three-story Odd Fellows Hall |
On Beaver avenue, Allegheny, to cost $780, |
300. 1t will be built by stock company.
A large paper mill is to be erected near
Stroudsburg, Pa, by company organized
for that purpose. Senator Mcpherson. of |
New Jersey, and C. b. Staples, formerly
internal revenue collector of Wilkesbarre
district, are stockholders.
Movements in Realty.
Hon. Thomas NJ. Bayne has sold to Peter
otackhouse four acres and fraction in
Bellevue for $4,000. This sale was con.
about month ago, but has lust
oeen recorded. Mr.. Bayne, it will be remem-
lgo for $l0O, 900. The prospect of rapid transit
,ext year is quickening the demand for
'ealty in the Ohio Valley district
As mentioned in THE SUNDAY DIsPATcH
Black Baird sold for Andrew w. Mellon to
Haskell Solomon the Cafe Baylcy property. |
Nos. 405 and 407 Smith1ield street, with LOT
0x60 feet, for $75 000 or 50, 500 a foot This is
little higher than the price paid by Mr..
solomon for the Messler property a few
weeks ago, and is the highest price yet paid
or Smithfield street property below
Diamond street. This property Mr.. Mellon
purchased about two years ago for $67,5yO
John X. Ewing & Co., sold for Dr. F. E.
Taft to b. Goldsteen, the entire plant of the
ron City Extract Company, located ON
Water street. Pittsburg.
The Burrell Improvement Company report
he following sales Of lots at kensington:
Irs. Elizabeth Hill, Pittsburg, lot l3, block
for $6lS ~; George w. Flick, Bayne L. O.,
Allegheny county, lot 3 block 8, for SOL 25:
frs. Mary Clarke, Hutton, Pa, lot "a, block
5, for $3.50.
Peter Shields sold in William Flinn's
o Mrs. Ellen McIntel, two lots, each having
frontage of 80 ieet Oh Lydia street, for $500
ach.
w. A. Heron Sons sold lot No. Q 50xl2O
eet to a 20foot alley, OH Braddock avenue,
a the third plan OF the Wilkins estate, at
,dgewood, near Pennsylvania Railroad and
lectric line, for $3.50.
s. A. Dickie & Co. sold for j. W. Pollins to
'. G. Carnegie, a lot on Susquehanna street,
wenty- first ward, 25xl05 feet, for $40.
The Drygoods Market.
Nrxv flrx,u mo, ,.l-o% !