Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-18
The Right Spirit.

AS a general thing Pittsburg capitalists make
their investments at home, where the oppos-
tunities for making money are as good as any
where IN the world. This is right. Having
made their fortunes here they should employ
them here in building up the city. Now and
then one makes venture abroad, and gener-
ally'comes out loser The city is not losing
any capital on this account. The inflow is
greater than the outflow. Outsiders have a
good opinion. of Pittsburg as business center.
Her immunity from panics and tight" money
promotes confidence and gives assurance or
stability, which the life of trade. Business
in Pittsburgh is subject to fewer vicissitudes than
in any other city In the country, from the fact
that she caters to all and her products find
ready markets everywhere This is the induce
ment which is attracting outsiders In such
numbers that at present it is difhcult to pro-
vide houses for ali of them.
Another Subdivision.
The tract of land in the Twenty-third ward
sold day or two ago by ]. E. Glass to A C..
Watkins comprises about five acres. The
price paid for it. $1,000 an acre, is considered
quite reasonable for that locality, which has
The advantage of several large manufacturing
concerns, Ii will be subdivide1 4 and put on the
market this spring. and thus contribute to
maintaining the supply of building lots at mod
crate prices. Considerable building is going
on in that part of the city.
The Lumber Movement.
A Fifth avenue lumber dealer said yesterday:
"From every direction come reports of contin-
ued bad weather, of swollen streams and
spreading floods. This. of course, has had de-
pressing effect upon lumber movements, and,
added to other causes, has had a tendency to
retard the spring business. 1t has had com
pensating effect, however, in checking trans
portation and deliveries with the result OF re-
duced stocks which may be followed by more
active demand and 1rmer prices when settled
weather encourages building"
Business News and Gossip.
A deal is on for piece of property on Sec
ond avenue between Smithfeld and Wood
streets.
There is no likelihood of any improvement on
the Smith property this year. The heirs are
not vet able to see their way clear to build.
The need of a market house in East Liberty
il so obvious that a few enterprising gentlemen
are talking of building one. They think it
would pay.
A fine residence is going up on the Murtland
lot at Homewood-
John Mackey has sold to A. W. Smith 81
acres Of land Ill North Versailles township for
The National Bank of Commerce has been
appointed Treasurer for the borough of Edge
wood.
Negotiations are ABOUT clOSeu LOT the SAFE Oh
one-half of the Hamnett property at Wilkins
burg
There were half dozen buyers of Philadel-
phia Gas Yesterday who were said to be oper-
ating on home orders
George Il. Hill & Co. took in all the Electric
that changed hands yesterday, and wanted
more.
Captain Barbour welded the gavel at the
Stock Exchange yesterday in place of Secre-
tarv Chaplin, who is sic-;-
North Ameucan Construction Company was
offered at 50 yesterday.
George b. Hill & Co. sold 200 shares Electric
in Boston yesterday morning at l2E.