Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-18
DOWN TO BUSINESS.
The Real Estate Auction Board Makes
Its First Effort.
EAST END MARKET HOUSE AGAIN.
A Squirt in Stocks, With Philadelphia Gas
and fractions as Leaders.
OFFICE AND STREET NEWS AND GOSSIP

The ice has been broken by the Real Es
tate Auction Board and the way opened fol
good run of business. The first property
offered for sale by this aggregation of hus
tiers was through A Leggate & Sons-ten
acres on the Perrysville plank road. The
sale was subject to approval by the Orphans
Court, and as the bid, $14, 900, was INSULT
cient the property was withdrawn. 1t will
be again offered at the same place, as it must
be sold.
East Liberty Market House.
A year ago there was considerable talk of
building market house in East Liberty, but
the project, although it had many friends,
was not pushed. One of its strongest advo-
Gates was Mr.. C. L. Reno, who is now in
Europe. "It's an or 10 per cent invest
ment," was the way he put it. Yesterday. a
prominent East Ender said the matter was
again being talked up. He thought there
was greater need for a market house in that
population is larger, and expressed the opin-
ion that one would be erected next fall or
the following spring. There will be no diff
Guilty about securing site.
Talk on the Outlook.
Leading f1nanciers are almost invariably
bullish. They say the outlook for a heavy
fall trade is all that could be desired. One
of them gives the following reasons for the
faith that is in him: Favorable conditions
in the financial and agricultural worlds, that
cannot longer be ignored, are building a
foundation for the markets that will be
most enduring. The crop prospects, easy
money, steadily increasing railroad earn
ings, and q slowly improving business situa-
tion are the factors now in the foreground
that are demanding consideration and that
are asserting their power. The one danger
a orNn nnai
market is shaping-is the tendency to let the
movement develop into craze. A conser-
vative, cautious and steady development
of the bull temper is more to be desired than
a sharp advance and this is just what the
markets now seem likely to do"
Rich as King Solomon's Mines.
According to good authority the Black
Hills mining district embraces 100, 900 square
miles and yields every mineral known and
most of the precious metals. More than
30, 900 mining claims have been located, and
500 already opened sufficiently prove them
capable ofprofitable operation. Four differ
ent geological formations show gold in
various combinations. The Whitewood dis
trict, of which Deadwood and Lead City are
the centers, in Lawrence county, is the most
developed, the ore yielding about $50 per-
ton. There were 800 stamps continually at
work two years ago in that district, and the ,
Homestake Company alone crushes l, 600 tons
per day, and had paid up to 1889 81, 500, 600 in
Many other gold and silver min
ing companies have paid large dividends,
and number of mills owned by private
persons have been profitably worked.
Business News and Gossip.
The Turtle Creek Railroad is not being
pushed fast enough to suit farmers along the
inc, and they would like to know the reason.
A Fourth avenue banker is talking of build,
ng an elegant residence on Neville Island.
T@ ,c% ~ haI rfx-i n EQ ISL
to be sold at auction in a short time,
will bring between 5000 and $500
1t is reported that the Whisky Trust issued
z, 500 shares of the treasury stock which they
,old in Chicago to pay the Schufeldts.
The Union Pacific interest payments,on
July will be S, ,OOO,0O
The bond market is improving. There
seems to be less pressure to sell.
The report that a leading dry goods mer-
,hant held an option on the Demmler prop
,rty, on Sixth avenue, was denied yester-
lay. He thought of buying it a year or so l
&c, but abandoned the project on account
4 ill-health.
Two properties on Wooster street have
.hanged ownership within short time-one :.
or Sll 500 and the other for 5000. These i
leals may stir up things in that quarter.
The shortage Of the French wheat crop is
low estimated at 30 per cent.
A railroad president is reported as saving i
hat the miscellaneous business of the West !
,rn roads, taken as a whole is at present Il
,etter than last year.
John D. Bailey sold II shares Allegheny
Bridge (old) at s.
There was rumor yesterday that Joseph
Horne had purchased the Christ Church
property, but it was not verified up to a late
Iour in the afternoon. Mr.. Horne is the
prominent merchant" alluded to in this !
olumn in connection with this property.
The Northern Central road has declared a |
wi 2
New York was dull yesterday, but London l
vas more active and strong.
Movements in Realty.
W. A. Heron & Sons report additional |
ales of lots in the third plan of the Wilkins |
state, Nos. lO7 and ITO, 52xl2O feet each, on |
avenue, for 500 each.
c. E. Cornelius sold lot, 20x10C, in his |
forningside plan,s Eighteenth ward, to
gorge Arndt, for s4OO; also two lots 2Ox1OO
ach, in same plan, to Martin Schlecher, for
800; also two lots, 2ox1Oo, to Dennis OKeefe,
or sle5 each.
NJ F. Nipple & Co. sold to John Tisitefk a
1t, 20xlOO feet on the east side of Downing
treet, being No. 26 in the Dickson plan, in
he Thirteenth ward, for S675.
Baltensperger & Williams sold lot No. 2S in
he Weinman plan, Southern avenue, Mt.
to Emma Schmidt for $4S5, $40
ash and S. per month
Black & Baird sold to Alfred Gardner, for
he Alta Land Company, lots Nos l29 and $50
4 their plan in the Thirty-fifth ward for $45
ash; also sold in the same plan lot No. l0l to
!. H. Boyles for $50 cash.
The Schenley Park Land Company sold to
William Jenkins one lot, 251150, on Glad
tone street, for S6l5 on monthly payments;
D Conner Murphy two lots, 25xl00, on Hol-
ON street, for 500 cash; also to John F.
.rmstrong two lots, 25xl45, on Winterburn
venue, for S, 200.
HOME SECURITIES.