Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-18
TRADE OF THE WEEK.
Business Toning Up, With No Dis
turbing Influences in Sight.
GENERAL CONDITIONS INVITING.
Contributions From the City and Three Of
the Bustling Suburbs.
FEATURES OF MONEY, STOCKS AND OIL

Business improved somewhat in Pitts
burg during the week and held its own at
other places. There were no new disturb
ances and some of the old ones were re-
moved. G. V. White & Co. compromised
with their creditors at so cents on the dol
lar. This will expedite the resumption of
business BY Rea Bros. & Co. Gold exports
fell off, but halt In the movement of grain,
due to a scarcity of cars and bursting ware
houses, maintained the money market in an
easy position.
Taking the country through, the volume
Of trade was as large as ever known at the
same season, while the outlook was full of
announcement. If the banks pursue a
liberal policy toward the substantial in
terests of the country confidence will De
further strengthened and expansion aug
mented. In q general way they are doing
this, but occasionally they refuse support to
an industry known to be perfectly sound.
This reacts upon other interests and pro-
duces general disorder. Banks should help
and not hinder.
Another Apartment House.
DR.. Hyatt, we'll known on wylie avenue, is
building a five-story apartment house on
Crawford street, and expects to have It
on Washington street is under roof, end will
be completed in about month. These two
structures are probably the forerunners OF
several others of the same kind in that quar-
ter. They are badly needed.
Increasing Its Facilities.
The Panhandle Railroad Company has
just purchased between four and flve acres
crease its yard facilities and erect round
house large enough to accommodate 10 or 20
engines. The same company is building
handsome stone and brick station at North
Mansfield.
The necessity for these improvements
shows that Mansfield borough and its sub
urb are keeping in line with other progress
sive communities around Pittsburg.
The Weeks Building Record.
Building operations were slow last week
SO far as new work was concerned. This is
accounted for by the lateness of the season.
Thirty-one permits were issued for SO im-
provements of a total estimated value of $74,-
175. The previous week A permits were
issued for 81 improvements. at an estimated
cost of $ll4, ,490. The total number Of houses
for which permits have been issued this year.
to date, is 2.5l0 This is about equal to last
year.
A Prosperous Community.
sharpsburg is, perhaps, the best equipped
borough in the county. Nearly all the
streets are graded and paved. 1t has COM
plete water and sewerage systems, and well
organized fire department. Two railroads
afford transportation facilities, which will
be augmented by an electric street car line
rapidly approaching completion. Anumber
of important manufacturing concerns are
situated here. But, best of all, 1t 1s practi-
cally out of debt. The income from the
waterworlcs not only pays interest on the
bonds issued for their construction, but the
principal as 1t falls due.
Valuable Option Secured.
A prominent real estate firm on Fourth ave-
nue. yesterday secured an option on a piece
of downtown business property for Slo0, 900.
They had been working on it for several
months. This deal consummated, will give
the city another large warehouse.
A Lively Town.
The growth of Mcdonald, the new oil
town, is without a parallel since the
bustling times in the early history
of the oil trade. To meet the large increase
iu the local traffic of the place. the Panhan-
die Railroad Company has decided to put on
two additional passenger trains, making "a
each way daily. few days ago four trains
q day were sufficient.
Before oil was "struck' real estate was at
discount. Building lots went a begging at
from $3.50 to $201. A few have lately changed
hands at from $500 to $500. The place has re-
ceived an impetus which will remain after
the oil excitement subsidies.
Yet with all these benefits and advantages,
property is proportionately cheaper, both
to buy and rent, than in any other suburb
adjacent to the city.
A Big Sale Consummated.
During the week Kelly & Rogers, East End
real estate dealers, consummated the sale
for Mrs. Elizabeth Sargent to H. P. Slotter-
beck, of 80 building lots, each 25x110, 'front.'
ing on St. Clair, jackson and Mellon streets,
Nineteenth ward, at price approximating
$4,000 cash. The purchaser will erect a
number Of houses on this property. This
transaction was referred to some time ago, |
but details were lacking.
Business News and Gossip.
An additional story is being put on the
johnson building, corner of Ninth and Lib !
erty.
The sale Of the Government property on |
the northeast corner of Penn avenue and |
Garrison alley, is booked for the 2Sth. A |
well-known gentleman said yesterday that |
he offered $lOO,O0O for it ten years ago.
Mr.. ]. Kaufman, formerly in the toy bust |
ness on Wood street. is building a handsome |
residence for himself on the corner of Neg |
ley avenue and Margaretta street.
Surveyors were at work yesterday on the |
lot recently purchased by the Christ Church |
people on Center avenue, Rebecca and Baum |
streets, preparatory to breaking ground for
the building.
Three houses are under way in Ruch place,
agency of Baxter, Thompson & Co. Building
promises to be active there in the spring.
Mr.. c. H. Love reports an active demand
for downtown business property. This tai
lies with reports from all other leading
brokers.
According to street talk yesterday, terms
for the consolidation of the Duquesne aud
Pittsburg Traction Companies have been
agreed upon. October D is the date fixed for
the deal to be consummated.
The Presbyterian Synod property, on Lib
nr-tNr atra hoC nn n hp ua6 h1f
is likely to before long. 1t is held at some
thing over So 900 foot front.
Part of the wall of the Hussey building,
ON Cherry alley, is up to the fourth floor.
LAFAYETTE Hall is still in the market at
about 100000. 1t is understood an offer of |
SIS 600 was refused last week.
Movements in Realty.
Baxter Thompson & Co. sold for Mr.. H. s.
A. Stewart lot No. 104 on the Negley place |
plan, Nineteenth ward, fronting 40 feet on
Hays street by 156 feet to a 20-foot alley, with
a new two-story Queen Anne brick residence
of Il rooms. for 81, $500; also lot No. 13 in Ruch
place plan, fronting % feet on Kirkpatrick
street and extending back leo feet to 20
foot alley, for $500.
j. c. Reilly sold for Edward Kelly, Jr., to
E. z. Pritchard, the Wylie avenue shoe
dealer the property No. lG9 Wylie avenue
24xlO9 to Wilson street, for ST. 500 cash.
John X. Ewing & Co. sold a new Uwo-story
frame house containing seven rooms, hall
and attic, with lot l00xlS0. on Oak Grove
avenue, EmsworJh Station, Pittsburg Ft.
Wayne and Chicago Railroad, for Charles j.