Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-23
THE TREND OF TRADE.
Greenfield Avenue Railway Almost
Ready for the Cars.
A ROW OF HOUSES IN NEW HANDS.
Colonade Row Will Give Place to Business
Block Instead of Hotel.
MANY NEW ENTERPRISES STARTED

The Greenfield avenue branch OF the Sec
ond Avenue Passenger Railway is being
pushed forward as rapidly as possible.
Fifty men are now at work on it. 1t will
be completed and wired next week, and be
ready for operation early in January. This
extension of the rapid transit facilities has
already impaired q stronger tone to the
property in that locality.
A Landmark Doomed.
It has been stated in this column that
Colonade Row on Federal street, Alle-
gheny, would be demolished. 1t has been
decided to begin this work early next sea-
son, and also that fine business block will
be erected in its stead 1t was intimated
some time ago that hotel would be put on
the site, but this project has been aban-
doned. The property was originally owned
by the late General Robinson, by whom the
house was built. The present owner is Mrs.
d. c. Martin. 1t was very aristocratic
place in its prime.
Enterprise in Full Swing.
Encouraged by the easy position of the
money market enterprise is active and ag-
gressive. For thu week ending December
II 290 corporations were established in the
United States, aggregating S110, ,561, 900,
distributed as follows: Mercantile and
banks (not nationa1) and investment COM
panies, g. S760, 900; national banks Ito De-
cember p, 4, $3.50, 900; gold, silver and
other mining and smelling companies. %,
S44 446, 600; coal and iron companies, 6,
$465, 600; light heat, power and Transports
tion companies. 10, $40, ,460, 600; building
and loan associations, Z, So, SOC. 900; irriga-
tion companies, 5, $4,000; miscellaneous
companies, 10Y, SIG, 2S9, 400.
Sale of Row of Houses.
j. B. Larkin & Co. yesterday practically
closed deal for a row of houses in the
Fifth ward involving nearly $4,000. They
were not in position to give particulars.
To Compete With Pitssburg.
The Konova bridge of the Norfolk and
Western Railroad Company, which is the
first crossing the Ohio river above Cincin-
natl, was opened for traffic last week. This
road will open a new direct route from the
Northwest to the Atlantic seaboard at Nor
folk, and Konovs will Immediately conn.,
pete with Pittsburg for her share of the
Southern coal traffic. Extensive coal tip
and 80 miles of railroad penetrating the
newly opened West Virginia coal fields,
will be operated.
Heavy Railroad Contracts.
The Pennsylvania railroad has let 5000
new freight cars, to be equipped with air.
brakes and Janney couplers One thousand
of the cars will be built at the Altoona
shops. and the balance of the order has been
distributed in 500-car lots among various
railway equipment concerns The cars are
to be delivered as fast as it is possible to
build them.
,.,
Business News and Gossip.
Plans are underway for several fine stone
-. Ssan
n1A: - senson.
~ Is estimateo snss o1vloe"a ana interest
disbursements next month will aggregate
s1oo, 900, 900.
The ouestior Of closing the Exchapge
from P NJ Thursday until Monday morn
ing will be settled-no doubt affirmatively-
to-morrow
mere Wlil pc Puoac BIC safe Q! gravestones
az w neehng on tne Zotn. BUSINESS Is Dnsl-
A building lot would be an acceptable
Christmas GIT from husband 60 ms wlfe.
ngnt ana power company mas been IN
corporated az rolnG fleasant, "; va
The Methodist Protestant Church prop
erSS' on e He0ecca pee street Aiieeheny, mas peen
solo Ior slo.ooO. IL VIII oe improved lor Dusl-
ness PURPOSES
IL is quite nkeiy that the investment Com
pany, OF Philadelphla, and the Finance Com
many, OF pennsylvania will be consolidated.
wharton BARKER Is engineering tine zeal.
Four permits for the erection OF new
Dulidings were issued yesterday, aggregat-
ing $S,055.
The tennessee Coal and Iron Company
mas declared seml-annuai dividend OF
per cent on the preferred stock, payable
January 10
Tha rain yesterday had no perceptible
effect on Christmas shopping. The streets
were as full Of business as ever.
Citizens Traction SIS were wanted yester:
day at lo6H, offered at l07H. At the last call