Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-15
THE TREND OF MONEY AND SPECULATION

was materially strengthened. The outlook
for the winter and spring was frightened by
copious rains throughout the West, giving
rise to the hope of another year of bountiful
harvests. All in all, it was good week.
Confidence and courage gathered strength.
The trend of movement and sentiment was
toward O continuous industrial and COM
mercial growth.
Squirrel Hin Sale.
During the week W. c. Stewart sold for W.
j. Caskey four acres of land on Wightman
street, near Schenley Park entrance, Squir-
rel Hill, for $22 500 cash. The purchase er Will
begin extensive improvements in the
spring.
Supply Of Gas Increased.
The Philadelphia Natural Gas Company
has completed two new lines. and in consc-
Quence the fuel supply OF the company is
now SO great as to give the fullest assurance
OF an ample supply to its consumers during
the entire winter. The first OF these lines Is
the Linden. which brings the gus from the
McGahey field into the main lines Of the
company, and the other is the line that
draws the gas from the Ohio and Franklin
township field. The connections of these
delphia Company also brought in a new we'll
in the Elizabeth field yesterday. which is
said to be the largest well in that field. The
well is situated on the Stilley farm
he MeanS buSlnesa.
The publication in THE DISPATCH Of tho in
tention of the Pennsylvania Railroad to
build a passenger station on Seventh avenue,
and Of a hotel deal on the same street, at
tracted considerable attention to that quar-
ter of the city. Negotiations have been
opened for the purchase of two properties
in the vicinity of the hotel site. The Phila-
delphia gentleman has returned home. He
will soon return. rs he means business, and
the next big deal in Pittsburg realty will
probably be associated with his name.
Activity in Coal Lands.
It Is no secre. that coal lands are in active
demand. and are being picked up right and
left by local and outside capitalists, who
have faith in this class of property as an in
vestment. Several large sales have recently
been closed along the line Of the CHARTERS
Valley Railroad, between Canonsburg and
Washington, and also on the Panhandle,
and others are in process. One of these In
wolves nearly 100000. Hon. James G: Blaine
owns 500 acres near Elizabeth, and it is un-
derstood that his Pittsburg agent is dicker.
ing for as much more.
Bulldog for the Week.
Building was active last week. The mum.
Der of permits issued was &c, representing 78
Improvements mostly dwellings, OF an es-
timated value of sl06. .sss The previous week
81 permits were taken out for SO houses and
additions, all estimated to cost s4 425. The
record this year to date shows total OF
2,720 buildings and betterments. Yesterdays
permits: Henry A. Schafer, frame two-story
dwelling on Robinson street, Thirteenth
ward; cost s. 00o. Max Feet frame two-story
dwelling, on Lowry street. Thirteenth ward:
cost, $500 T., n; NJ. Schultz, frame tive two-story
cost, $1,000. McCusker 4 Murray, brick
blacksmith shop. on Webster street; cost
$500. ID. o. Driscoll, frame two-story DWELL
ing. on Friendship avenue. Sixteenth ward;
cost, $500.
Consolation for Grunblers.
The people who grumble at the rates Of in
terest charged to borrowers in Pittsburg
might learn q lesson while perusing the
latest report OF the English Inspector Gen.
eral in Bankruptcy. He says the average
rate paid py on Tho raise pa Sa0v m
per cent, and the official receiver at BirIn-
ingham states that 100 per cent (per annum)
is common rate of interest in his town. This
Is worse than the American pawnshop, and
it is no wonder the last-named official notes
it hs indubitable that ga borrower who
seeks the assistance of money lender by
means of q bill Of sale takes the first step to
ruin"
Forty Acres Tel Up.
Alarge transaction In East End realty, in.
yolving 40 acres in the Eighteenth ward, Is
tied up by the refusal of the owner to mako
terms to suit the buyer. There ia no conten-
tion about the price, which is S. 900 an acre,
u. ds ~
Co., the agents, are hopeful of bridging
over the difficulty and consummating the
deal this week.
Business News and Gossip.
Progress was reported yesterday in the
Seventh Avenue Hotel deal.
1t Is stated that the Baltimore and Ohio
Railroad will this week authorize the issue
OF s. 600 900 more stock to pay for the Pitts
burg and Western property.
ic In
in the Palmer place plan are selling rapidly.
About 80 dwellings are on the slate for next
year.
Traction 1t was held at ls Birmingham
was wanted at l6I.
La Noria was the most actiqe stock last
week Four hundred shares changed hands.
John Z: McNulty: Samuel 4; Jones, c. F.
lor charter for the Tenth Street Incline
Plane Company.
At the close yesterday. Electric and Du-
quesne were the strongest features Of the
stock market.
john D. Bailey yesterday sold 20 shares
Bank of Pittsburg at 951a, ex-dividend.
At the close of the week money rates at
outside centers were: Boston. s&9s: Phila-
deiphia, 4; Baltimore, 6; Chicago, .; st. Louis.
Movements in Realty.
WA. Lincoln sold to DR.. W. n. DAILY, $50
feet on Pacific avenue for sl50o0 cash. This
is the third purchase by the doctor on the
same avenue.
Black & Baird sold the hotel at Enon VAL
Law, Pa, known as the American House, with
lot l25xl25, including furniture for $1,000.
George Berberich was the purchaser.
John h. Ewing & Co. sold for Mrs. Mary
Coburn to William S. Mertz, a two-story
frame mouse of six rooms and hall, with lot
2Sx65 on jackson street, Second ward, Allie
gheny, for q price approximating 5000.
The Burrell Improvement Company report
the following sale of lots at kenslngton:
Thomas Horne. Natrona, Pa, lots 80 and 90,
block g. Tor $917 so; John NJ Turner Butler,
Pa, north half g. block 8, for $3.50 63: Puilip
Murphy, Pittsburg, lot 81 block = for S552 81;
Atlcv j. Wilson. Pittsburg, lot ITO, block 5,
for $50 Joseph L. Salyard, Butler, Pa, south
half of lot 6, block 8. for 5000 81: William IL.
Coleman, Clarion, Pa, south half4 block 8,
for $40: Fred Ohliger, Pittsburg, lot 43, block
8. for $500: PietrO Bacigalepo. Pittsburg, lot
81, block 4. for $780, Ferdinand Koepp, Pitts
burg, north half lot 33 and south half lot 81,
block s. for $6lS IS: Mrs. Laura Baird, Ale
gheny, lot 2. block j. for 81 o. Mrs. Celia
Eberhardt, Allegheny, lot !, block g., ior
$3.50: Mrs. Iona B. Chambers, Pttsburg, lot
s., block Z, for s935; William skillen. Parnas-
sus Pa, lot 10. block II. for s55a 80: Felico
Carrie, Pistsburg lot %, block for $3.50; H. H.
Westbrook, N H., lot a, block 8, for s34O
Abel Hale Mansfield, Pa, lot Z, block Z,
for $6IS Is; Walter c. S. Lloyd Ford City, Pa,
lots Isl and 1872 block 5, for 1856: Peter Y. and
william C. Cox. Leisenring. Pa. lot 81, block |
6, for s6lS Is; Samuel Puyzes, Kensington,
south half lot 49, block g. for $780, !
William NJ Craig. Verona Pa, lots 80 and As,
block a. for 81, ,7S5 30: DJmenico Pestrig and |