Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-14
THE DRIFT OF TRADE.
Activity Expected Until After the
Approaching Holidays.
no PROSPECT OF A HARD COAL WAR
An Airy Boom Strikes the fractions Which
May Prove Enduring.
OFFICE AND STREET NEWS AND GOSSIP

Business Is moving along so quietly and
smoothly that some think it is dull
This is mistake. The Clearing House ex-
changes throughout the country are only
slightly behind those of the same period last
wear. and are ahead of 1885, The effects of
the Maverick Bank failure seem to have
reached their widest limits and but one OBJ
scure institution has been driven to the
wall. All existing troubles-and none of
them are serious-are of temporary nature.
The outlook is undimmed by single cloud.
An improvement in nearly all lines of trade
is confidently expected from this time until
after the holidays.
No Coal War in Sight.
Report of al impending hard coal war
appear to be without foundation. The
trade is said to be in better condition than
for several years past. The only trouble is
that the demand is greater than the supply.
1t is reported that the Reading Company
will meet this difficulty by increasing its
output. This company owns 102, 900 acres
of hard coal lands, with 2, ,450, 600, 600 tons of
marketable coal still in the bowels of the
earth. The approaching completion of the
Port Reading extension of the Reading
Railroad and of the new line which it is
building to enable it to carry out its con-
tract with Coke Brothers & Co., both Of
which will add largely to its facilities for
transporting and handling coal, is likely to
be followed by important changes in the
anthracite coal trade.
A Scramble for Commissions.
Real estate brokers in Chicago must be
''hard up for business, to judge from the
following statement of business man of
that city. They had better come to Pitts
burg where realty is an active commodity:
I'm cases where single firm has piece of
property for sale it would be satisfactory to
all parties 10 have a single sign giving in
formation as to the control Of the lot The
wholesale covering of lots along prominent
drives is mistake, both from the stand
point of expense ana from an esthetic
standpoint 1t is ridiculous to see a single
25-foot lot with five or six signs on it direct
ing the attention of the public to its sale
by as many real estate firms. This is con-
fusing 20 buyers, besides leading outsiders
30 The belief that desperate effort is being
made to sell the property indicated. Signs
undoubtedly attract attention to property
offered for sale, but do not seem to attract
the class Of people who buy. As the sys-
tenn Of placing signs is now carried on L
TO the real estate business"
Business News and GossIp.
The sale of fine residence property the
other day was brought about by moder.
ate concession by the owner This works
well every time.
There is good prospect that a frst-class
stone residence will be erected near the
railroad, on Penn avenue. Williamsburg
Lake transportation companies have noti-
fed shippers that they will not receive
freight after the 10th inst.
There is not brown stone front on
Fifth avenue beyond the hump" 1t is
said the prevalence of sulphur in the air
discouraged its use. Pittsburg's Four
Hundred dwell within gray walls
Mr. SamsonS residence in Delmar Ter
race, the old Moorhead property, will soon
be under roof 1t will be one of the finest
in the city.
Fire real estate firms-Messrs. A. Leg
gate s. Son, Samuel W. Black & Co., Lig-
gett Bros, Black & Baird and Baxter,
Thompson & Co.-will offer some choice
properties in the real estate auction room
next Thursday at . P. NJ.
Home seekers and investors should bear
il mird the auction sale of lots at Blair
next Monday, Novembe: 16, under the
auspices of j. B. Larkin s. c.
4 membership in the New York Cotton
Exchange was solo at auction recently for
$500
1.-THE oil wells of the United States number
46, 600, aGd their daily output is 130, 600 bar
rels Nearly half of this amount comes
from the Mcdonald field.
The Secret Service has Just sent to Wash
ington 80 pounds of counterfeit money, the
result of its search among the banks and
business houses of Chicago during the month
of October.
The first anniversary of the First National
Bank of Sewickley will be held this even
ing. This institution has been prosperous
from the start. Deposits are over S1o0, 900,
and net ea niPgs exceed per cent
DirectG.; of the Fidelity Title and Trust
Company elected officers yesterday. Thev
are: President, John B. jackson; Vice
President, James J. Donnell; Secretary and
Treasurer. b. McVay; Assistant Secre-
tarv, Franklin Brown: Title Officer, John
c. Slack: Trust Officer, Devid G Ewing;
General Counsel, George Shiras, Jr.
T. j. Stony, Jr., has returned from q
trip TO the Eastern cities. He was on
Change yesterday.
Fidelity Title and Trust Company rights,
SO paid, were offered at S35.
The Beaver County Banking and Safe
Deposit Association is winding up its affairs
preparatory TO going out of business.
Movements in Realty.
4. J. Pentecost sold for the Safe Deposit
and Trust Company, OF Pittsburg. a lot on
Fifth avenue, Mckeesport. estate of James
L. Meyers with dwelling, for s., J0l
Black q Baird sold for Alta Land Com
pany. in their plan of Duquesne Heights, lot
No. 100 TO James Seeds for 500: to William
Chambers, lot Nc. liz for sI7J: to Charles p
Is. Ehrentraut, lots Nos. I39 and IlO for $50.
and to Nicholas Burke lot M. 90 for slJU
james W. Drape a. Co. sold seven lots in
Menliall Terrace plan, near Homestead, SOx
10 feet. for y Ace: also two houses and four
for slO,GO3: also fine LOT, 6Oxl3s feet. near
Forbes and Ne lille streets, Pellefield for
e 200: also house and lot on Hamlin street
Allegheny. for 81 $50.
George Schmidt sold to Miss Annie Steiner
OF MuriHysyille. Pa, a lot on Lookout ave.
nue. being No. 1852 in his Eureka place plan,
Oakland. Tor $3.50.
". A. Herron & Sons sold lot 45xl5o feet
on South street, and on the loop of the Du-
cuesne electric line. for 81 600 cash.
The BlIrcll improvement Company report
the following lots at kensington: Mauch S
Roth, Allegheny, lot 8, block :, for sGIS IS
block s, for $3.50 George Scott, Pittsburg.
lock p. FOR $3.50. Angelo Pandolfo, half OF
56, block s. for s3i0 William ii. Conway,
Etna. lot Is, block g. for s7l2 50. John Davis,
Pittsburg, lot 2s, block q for s6c7 20.
The Building Record.
Seven permits were issned yesterday for
nine improvements, the cost of all being es-
tinated at 81, ,420
Mrs. ssra4r J.. Morgan. two stone and brick two
story dwellings on Fifth avenne. Fourteenth ward.
Cost. sls. On. T. Bown. frame two-story dwelling
on UirsSes street Thirty-second ward. Ccstt2, $50
Car. Macder, two frame two-story dwellings on
Alequppa street. Fourteenth ward. Cost, s3, O00.
grs. Julia VI. COnncll brick two-story dwelling on