Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-25
THE DRIFT OF TRADE.
United Presbyterian Synod Property
About Changing Hands.
PROGRESSION AT KENSINGTON.
List of New Corporations Started in the
United States in One Month.
FEATURES OF MONEY AND SPECULATION


The United Presbyterian Synod prop
erty, on the corner of Liberty street and
Garrison alley, having frontage of GA feet,
is likely to change hands within the next
few DAYS at price slightly over $1,000 a
foot. The object of the probable purchasers
is the erection of large business house.
|
The new town Of Kensington is building
mp very fast. 1t is now far beyond the
paper stage Upward of $50 dwellings and
stores have been built since July 20, and 80
or more are under contract or in course of
erection. Application has been made to
the Westmoreland County Court for poll
| ing place, and to the District School Board
for schoolhouse The Pittsburg Reduc-
tion Company is in operation making
aluminium ingots. The Bradley Stove
| Works will make the first cast next Tues
| day.
There is n movement at Reading to erect
a large parocihal school building in the SUBJ
urbs, to cost $4,000. Rev. Father Borneman
| is the prime mover The parocihal school
building in Allegheny to be erected on
ground purchased a few months ago by
Bishop Phelan and to be commenced next
spring, will cost about as much rs the Read
ing structure. The plans are now in the
hands of the contractor,
The United States Corporation Bureau
makes the following exhibit of new corpora
tions established in the United States for
the month of August, 1891:
Total corporations l,0O4; Total capitaliza-
tion, s34S, ,6l2, 100, distributed as follows;
Mercantile and manufacturing cos, 4O6. SIS $50 $50
Bank and investment CO.'S, 12. H. 147 COO
Gold, silver and other mining and smeit-
Coal lng sG Cos, ,rc, 70: .. g 81 ~ 2 3
Light heat, power and transportation
Building and loan associations, $a SIS 900
Miscellaneous cos, pa :..........:.. .7sl 900
According to calculations by a prominent
railroad man, passenger earnings could be
increased 20 per cent on all lines from Chi
cago to the seaboard by abolishing all but
one limited train on each road, and running
lower time on the remainder. Nearly all
managers and superintendents of lines run
ming east from Chicago favor the saving,and
the change will pro obably be made about the
close of navigation, leaving the tracks
clearer for grain by rail-
Business News and Gossip.
The New York stock list this morning is
interesting. 1t shows a large number of
drops.
The lot market continues active. Owners
are as firm as ever.
Four acres in the Squirrel Hill district
have been purchased in the interest of an
important enterprise.
Efforts are being made to connect East
Liverpool and Wellsville by an electric rail-
road.
The Methodists on Duquesne Heights are
about to sell their church property to the
Catholics, and will build on Sycamore near
Oneida street.
Richard Taylor is remodeling his theater
at Irwin.
Four new buildings on Federal street, Allie
gheny, should stimulate other owners to ego
and do likewise" There is plenty OF material
to work on.
A membership in the Boston Stock Ex-
change sold this week at $4,000 Seats in
the New York Stock Exchange are 3CO0
bid.
The Gaylord Coal Company has been or
gained at Martins Ferry, o., with a capital
OF S20,0O0.
Mr.. John Davies is building two pressed
brick two-story and mansard dwellings on
Miller street, near Reed.
Indications are that the enormous tonnage
to be moved this year will bring the rail-
roads into the market for steel rails on a
Ebensburg, Pa, will shortly have an cleo
trio light plant.
Between Is and 20 houses arc in course of
erection in the Aspinwall plan, among them
being handsome residence for Architect
Sauer.
Wholesale and retail merchants report a
good and improving fall business.
A charter was issued at Harrisburg yoster-
day to the German Building and Loan Asso-
citation of Allegheny county. Capital stock,
ST, 10000.
On cali yesterday IS was bid for Pittsburg
and Bellevernon Coal Company stock.
Wheeling and Lake Erie Railroad earn
ings, third week September, increase s. SsI
The Bank of England has raised its rate of
discount to 8 per cent.
1t is authoritatively stated that no divi-
dend will be declared on Missouri Pacific at
this time.
Movements in Realty.
s. A. Dickey & Co. sold for John Pontefract
to Henderson Elliott a lot on Frankston ave.
nue., Brushton borough, 4Oxl4o feet, for $500
Reed b. Coyle & Co. sold for the Laurel
Land Company in their plan at Laurel sta
tion, Pittsburg. Fort Wayne and Chicago
Railway. lot No. 40. fronting 40 feet on Forest
street, by an average depth of 133 feet, for
in the j. Waller Hay plan, of Kenilworth
place, Heron Hill, for $3.50.
NJ. +. Nipple & Co. sold for the Burrell In
provement Company to William Pilinski
kensington plan of lots, for $3.50.
A. q. Byers Co. sold for the Ridgeview
Land Company to Herman knoblauch lots
Nos so and 81 in their plan, Eleventh ward, |
Allegheny City, having q frontage of Al feet
on Davis avenue and extending back dis
tance of l24 feet to Alaska street, for $500.
Samuel w. Black s Co. sold at the auction |
sale lots Nos. 80 and 81, Blair plan, on Eliza
beth street, 1Iazelwood, for $6l5 each lots |
Nos. so and 81 for S625, and NoA 36, corner |
Elizabeth and 3, air streets, for 500.
John X. Ewing & Co. sold for Christian |
Schanzenbach to William Connell q two |
story frame house of four rooms and attic, |
with lot 20xl75, on Federal street extension, |
Allegheny, for Sl,e00.
Baxter, Thompson & Co. sold lot No 6 |
Rnch Place plan, fronting % feet on Kirkpa- !
also lot No. 5lS Butler Place plan, Eight |
eenth ward, fronting 20 feet on View street |
by 100 feet to 20-foot alley, for 5000.
The Burrell Improvement Company re-
ton: Conrad Weigel, Kensington, Pa, lot
I55, block 2, for s297 80: Mrs. X. Schlitt Pitts.
burg, lot 81, block 2. for $500 cash; Mrs.
Grnee nc Malone Pittsburg, lot 6s, block 6, for
block 2, for $3.50; John A. Maier Latrobe
lots IS and So block g. for sI,65O; Lorenz
Beicili; kensington, lot l6I. block 5, house
and lot for y $50.
The Building Record.
Seven permits were issued yesterday for II
houses, costing, rs estimated, sl7,OiO
F. l.. Locffier, frame two-story dwelling, on
Fillmore street. Fourteenth ward cost 81, 400,
Walter Harris, frame addition to dwelling on |
Craig street, Thirteenth ward: cost $3.50. Rev T.
ii. Chapman, brick two-story dwelling on Liberty
street, Twentieth ward; cost, S. OOo C. H. Wer- |
ner. four frame one-story Offices, on Thirty-fourth
street Twenty fourth ward: cost, $3.50. Mrs Dr.
Gale French, three frame two-story dwellings, on
Baum street, Twentieth ward; cost o. OO0 Mrs |
Eliza Needander, brick mansards on two houses.
on Penn avenue, Nineteenth ward; cost 81 600 |
J Ohm McClellaud, frame Kitchen on Cliff street
Eleventh |