Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-13
TRADE OF THE WEEK.
Conditions Improving and the Out
look Growing Brighter.
A VERY ENCOURAGING REVIEW.
Building Operations and Record Of Move
ments in Lands and Houses.
TREND OF MONEY AND SPECULATION

willing to 'let well enough alone" Occa-
sionally man is encountered In Pittsburg
who is dissatisfied with the business situa-
tion. A good, steady movement does not
come up to his mark. He wants boom.
Happily such people are scarce. The large
majority of men prefer sure thing to the
hazards that always attend imitation.
This makes 1t pertinent to inquire, What
is wrong with business2 Careful observa-
tion fails to disclose any disturbing in
| f1uences of a far-reaching nature. There
are in, nearly every business center local
agitations, but they have little effect upon
the country at large. Locally, there Is
nothing to cause alarm. The dragnets
which hampered an upward movement the
| first half of the year have disappeared,
| and even recent events which for
a short time impaired public conf
dence have lost their power as bearish
| factors. All legitimate enterprises appear
| to be in good shape, and the outlook for
| trade is full of encouragement. 1t could NOT
| be otherwise with the immense crops ana
the generally easy condition OF the money
| market. Pittsburg is in a condition to pront
| from the impulse which these things VIII
| give to trade, and her merchants, manu-
| facturers and financiers should be wakeful
and watchful to take prompt advantage OF
with the winter and continue through next
year, if not longer.
During the week George Schmidt sold fve
houses in his Eureka place plan. These
were the last OF IL which he started last
April He expects to build u more on the
same plan.
The prospect of an electric road throu ugh
Ingram is stirring up real estate mat
fa Ro1 mar ~ lie
Jams during the week sold "a lots in the
Ingram Villa place at an average price Of
$3.50, or SIS, 900 for all. One of the purchasers.
a contractor, will soon begin the erection Of
10 handsome frame dwellings.
J. T. Sutton broke ground yesterday on
Atlantic avenue, near Harriet street, for an
5000 dwelling. Mr.. Bartberger, the archi-
tect, commenced two on Pacific avenue.
The material is fire brick. ALI of these will
be finished this season.
Citizens of Williamsburg who have been
waiting for the street cars almost as long as
the boys waited for the wagon" as narrated
in the song, received some encouragement
last week. An official of the Duquesne
Traction Company, who was ont there on
Friday, told some of the people that cars
would positively be started not later than
I the 18th of next month, and possibly by the
1st IL is nopeQ THIS announcement Is maj.
McKeesport is moving forward with rapid
strides 1t is running over with push and
enterprise, while population and capital are
coming in from many quarters. So rapidly
is the young city being built up, and so
great is the demand for lots, that it has
been found necessary to increase the sup
ply. With this object in view, the Evans
tract has been subdivided and put on the
market. 1t was few years ago farm, but
it is now entered within the city limits, a
of the place. Eligibly situated, and offered
at moderate prices, these lots cannot fail to
attract homeseekers. William NJ. Bell, the
agent for this property, can be consulted at
his office Fourth avenue, this city, or at
the Bank of McKeesport.
Business News and Gossip.
Ground was broken at Brushton last week
for the new school house. 1t will cost S25-
900.
Mrs. j. S. Stevenson has purchased from
James Horner two lots on Wallace street.
Williamsburg, upon Which she will build at
once.
levied on the Allouez Mining Company stock
makes the total assessment to date $l9 10.
The Duquesne Traction Company has been
assessed Sc, All as its share of the cost of
grading and paving Penn and Wood streets,
Williamsburg,
The firm of Straub & Morris has amfcably
dissolved. Mr. c. L. Straub will remain at
the old location and Mr.. Walter Morris has
rented an office in THE DISPATCH building,
No. rs, corner of Smithtield and Diamond
streets, for term of years. He proposes
continuing in the same line of business
real estate, mortgages and fire insurance.
Negotiations are in progress between the
Chicago Board of Trade and the Western
Union Telegraph Company for the return of
wires to the floor of the exchange.
William L. Smith is about finishing three
handsome stone-front houses of ten rooms
each on Emerson street, near Alder. 1t is
understood they will be put on the market
by c. II. Love.
The Baltimore and ohie's August state
ment, to be issued within a week or so,
should be very good one. 1t received 5000
more carloads of freight at Locust Point
than ever arrived there before in any month
in the history of the company.
West Enders are leaving nothing undone
to expedite the rapid transit scheme. They
say they will have it next year.
There was more vim in the Oil market at
the end of the week than at the beginning.
There is good reason for expecting q consid-
cradle increase of activity.
The Pittsburg stock market remains dull
in spite of better conditions all along the
line. These will soon begin to make them
selves felt.
The large number of real estate sales re-
ported during the week is proof positive of
fairly active market Several large deals
were closed and progress made in others.
There is talk of replacing Commercial
row, on Liberty street, with fine new
block.
The Building Record.
Building was active last week, and the
record for the five days is very good one
w hile the numhar of housos f,Ils 1,alow thot