Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-05

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at home, and maintain that there is no oc-
casion for gloomy anticipations. Pittsburg,
in the face of many drawbacks, is enjoying
degree of prosperity unsurpassed in any
| period of her history, with the single ex-
ception of 1890. This fact, which is capable
| of demonstration, bristles with encourage
| ment.
One of the authorities above referred to
| emphasizes and elaborates in a cheerful
vein. There is very little wildcat, incon-
| siderate manufacturing; there is no increase
in the growth of failures; liabilities are be-
ing kept within moderate limits. Business
men are not rushing into obligations which
they cannot meet. The small shops OF the
country are running about full time. The
manufacturing establishments throughout
the South, from the cotton goods mills to
the blast furnaces, have been making good
record, and there is very little accumulation
of goods or stocks, and, so far as is known,
with satisfactory outlook for the rest of
the year. Railroad earnings on $50 roads for
the month of April foot up IS, 742 249 tons, an
increase of T52, $50 tons over April last year,
being an increase of "a per cent. This, in
itself, is a good showing. Manufacturers
throughout the country are generally profit
ably employed. The manufacturers of raw
material are also doing good business.
In building operations there is not per-
haps, as much activity as last year. particu-
larly in house building. Hardware manu-
facturers are enjoying an exceptional activ-
ity. Textile goods manufacturers are,
throughout New England, also better en-
ployed than they have been for some time
The importation of certain lines of manu-
factured products has been decreased, and
the industries engaged in the production of
these goods on this side find more abundant
employment Real estate in cities and towns
is holding its own, and here and there adj
vanced in value. Building and loan associa-
tiOns are prospering in all sections of the
country, through the steady employment of
artisan membership.
Important, If True.
According to Office rumor prominent
banker is negotiating the purchase of the
Central Hotel block. While this may be an
old story in new garb, there is nothing i'm
probable in it, since it is well known that
within year offers have been made for the
property by the local hotel syndicate and
Representatives of a New York in surance
company.
Business News and Gossip.
Lots are selling rapidly in all the subdi-
visions in and about the city.
The Arbuckle property, on Seventh ave-
nue., is now on the market. This is good
location for business.
The talk about the July dividend of the
Sugar Trust seems to have suddenly let up,
they were while ago.
1t is now said that the IS, 500, 600 of Reading
Terminal per cent bonds will not be offered
to the public this month, as was expected,
but wili be deferred until next fall.
Ophelia street, running from Forbes to
Hamle>, is being graded to bring into mar
ket the Forbes avenue plan of lots recently
laid out by Black & Baird.
Corpo -ations are now compelled to pay
taxes in New Jersey.
Wanted-A few good, active bulls to stir
up things on. the Pittsburg Stock Ex-
change.
The story concerning the purchase of the
Mobile and Ohio by the Mackey syndicate
is denied on the very best authority.
Henry NJ. Long sold 100 shares of Manches-
ter Traction stock at 3S11a, and 81 Pleasant
Valley at 244.
For Pittsburg junction Railroad first
mortgage IS ll6 was bid, and for Citizens
Traction 5s, 106 was bid and 1861 asked.
The presidents of the various gas COM
panies in Brooklyn have decided to reduce
the price of gas temporarily from 81 50 per
1000 cubic feet to 81 25.
A dividend on Chicago Gas COMPANY stock
is regarded as probable next month.
Pittsburg banks will give the Saturday
half-holiday law O trial. This conclusion
was reached at meeting of the Clearing
House Association yesterday. 1t will begin
June Is and continue until September 15.
Allegheny Valley income rs sold in Phila-
delphia at 20, and income 1905 at 1l015.
The Bank of England reserve yesterday
was between 1900 900 and f1s,O00000. The
bank reduced the discount rate from to4.
There was some quiet talk of street rail
way consolidation yesterday afternoon, in
which the DuqueSne and Manchester lines
were the central figures, but nothing in the
shape of facts could be got at. There may
be interesting developments to-day.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
William Whelan, frame one-story dwell
ing, l2x24 feet, on Apple street, Twenty first
ward. Cost, $40.
Jacob Rim, frame one-story stable, l3x3O
feet, on Hickory alley, Fifth ward. Cost,
$50.
John weileisbacher, frame two-story addi-
ton, dwelling, 5xl4 feet, No. so Twelfth
street, Twelfth ward. Cost, 5000.
Edward Ragy frame two-story dwelling,
I7x2S feet, on Morninsside avenue Eight
eenth ward. Cost, $1,000.
Mary Schutter, frame one-story chicken
coop, l0xl2 feet, on Apple street, Twenty
first ward. Cost, $40.
L. Biederman frame one-story stable, l6xlS
feet on New York avenue, Thirty-fifth ward.
Cost, $50.
Movements in Realty.
Ira NJ. Burchfield sold another lot on
avenue, Oliver Terrace plan, for
g 200. The purchaser will build at once;
also sold four roomed house and lot 24xlOO
on Flowers avenue, Twenty-third ward to
John I. Stanner, for $l,S0O cash.
A. J.-Pentecost sold for the estate of James
Jones, at Brushton, lots l, 2,3,4,5,6 z and s,
in plan of partition of said estate, on Mul-
ford avenue, with two-story frame dwell
ing, for sS, l25. The purchaser was John j.
DeSchmer.
Baltensperger & Williams sold two more
lots in the Kreiling plan No. 2, being Nos 80
and 81, for $3.50 cash. Mrs. G. Vierling was
the purchaser.
Reed B. Coyle & Co. sold for Mrs, NIB.
Kearns lot No. i'll her Grafton place plan,
being 5Ox100 feet on Margaret street, for $500 |
This firm reports quite an active inquiry for |
lots in that vicinity.
Allies & Bailey sold for James j. joyce, to |
]. Z. Allies, q lot on Ann street, between Gist |
and Jumonville streets, 22x60 feet, for $500 |
cash.
Black & Baird soId for K NJ. Brown to j.
w. Orr, a two-story frame dwelling on Coul-
ter street, Grafton, on lot l0Ox2O0 feet, for
6, GOO.
John X. Ewing & Co. sold for j. H. Murray
20 j. 4. Lashley lot ON Harriet street,
Tenth ward, Allegheny, for $500 cash.
J. Z. Glass sold for A. c. Watkins to j. Law
ot No. 70 in the Allequippa place plan, for
$50. This leaves only few lots vet unsold
n this plan. A great many houses are now
being erected on the lots already sold
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