Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-27
OBJECT TO CLOSING.
The Majority of Real Estate Brokers
See Nothing to Gain by
OBSERvINGTHEN NEW HOLIDAYLAW
Philadelphia Gas Again Comes to the Front
as an Active Leader.
OFFICE AND STREET NEWS AND GOSSIP

OFFICE AND STREET NEWS AND GOSSIP
Some of the real estate brokers are in
favor of observing the halfholiday law.
Said one OF the former yesterday: 1--WE could
keep it just as well as not, for we do very
little Saturday afternoon anyway. People
who have Saturday afternoon to themselves
put in the time shopping and making pro-
vision for Sunday, or spend the time in
recreation. They throw business to the
Winds My experience is that Saturday
afternoon Is the worst time for business of
the entire week, and think we would lose
nothing by shutting up shop: The short
respite from office routine would be bene-
ficial TO most of u.s. 1t would refresh and
strengthen us for the duties of the coming
week"
Another broker took precisely the opposite
view of the case. He said: "As rule, Sat
urday afternoon is the best time of the week
for closing deals. When people are not
working for others, if they are at all indus
trious and enterprising. they try to do some
thing for themselves. They 90 their think
Ing and planning when at work and execute
when idle. Thousands of people transact
all their private business Saturday afternoon
which is and always has been a sort of holi-
day. 1t would be uni Just to deprive the peo-
pie of the opportunity of buying on the only
day, or part of day, Mt their disposal If
the Saturday afternoon business in real
estate be cut off, it will seriously affect the
revenue of good many of us. Besides,
there is no necessity for closing up as O
measure Of comfort and health. We are not
confined to our Offices like bank clerks. We
are in and out continually, and get about all
the fresh air and exercise we need while at
tending to our business. am decidedly op-
posed to wasting the best half day of the
week"
The majority of brokers spoken to held
views similar to those of the speaker last
quoted a thnupht little
ness would be lost by closing. One of the
latter thought it would be good idea to call
meeting and gut the question to vote,
but the preponderance of sentiment being
against closing, the outcome of such a meet
ing could have but one result-the defeat Of
the holiday movers.
Wheels Will Soon Turn.
The Oil Well Supply Company, which last
spring purchased the Elba Iron Works and
the Continental Tube Works, is building
new furnaces and making other extensive
improvements at Frankstown, near Hazel
wood. 1t is expected the reconstructed
plant will be ready for operation by Septem-
ber l. From ], AGO to 600 men will be en-
wood, which, by the way, is already one of
the most progressive places in the upper
part of the city.
Business News and Gossip.
Nearly all the banks will be closed this
afternoon. Matured paper should be paid
DeIOre IL o CLOCK.
There was q wild ,umor yesterday that the
Drexels, of Philadelphia, had put in a bid for
the Christ NJ E. Church property with view
to putting up bank building ON it. The re-
port could not be verified
The New York Central directors will not
declare the dividend till June 30. The earn
ings for the last six months are said to be
especially large.
inc Wneehng ana Lake Ere road con-
tinues to increase its earnings about $500 each
working day.
Ira NJ. Burchfield is building an elegant
office on his Oliver terrace plan, and will oc-
cupy it next week.
Arrangements have been completed for the
reorganization of the Charleston, Cincinnati
and Chicago Railroad, and the floating of q
loan sufficient to so far complete the road
that it will be enabled to earn the interest
on it's bonds.
The risks of the Boatmen's Insurance Com
pany, going out of business, will be d1strib-
uted among local companies and the build
ing sold. The stock is steady at 81 bid.
The bulls on silver claim thai it has had
its reaction, and that the white metal is
again on the eve of another rise.
Stock and bonds of the Pittsburg Incline
Plane Company have been listed
Both branches of the Michigan Legislature
baye passed bill making 6per cent the le-
gal rate of interest, and p cent the maxi
mum on contracts. The law will be nullified
in c ntracts by the payment of bonuses.
Alexander Patterson has sold his stock and
retired from the Exchange.
Boston Herald of Thursday: The deposits
of Westinghouse Electric stock in favor of
reorganization now amount to 95645
shares.
The usual Lackawanna dividend Of ~ per
cent was declared yesterday
Gold shipments from New York to-day are
estimated at 81, $50 0O0
Twelve millions of dollars will be required
to meet the July pension payments.
The Building Record.
Permits for the erection of the following
buildings were issued yesterday:
Martin Sehhnicker frame one-storv dwell
ing, 14x2s feet, on Morningside road, Eight
eenth ward. Cost 5000.
William J. Green. brick three-story hall,
store and dwelling. ax25 feet, on Second av-
enue, Twenty-third ward. Cost $500.
Gustave Ehrhard, frame one-story she'd 25
ward. Cost, $3.50
Mr. Margaret A. Haymaker, frame two
story barn. 20x24 feet, on Highland avenue,
ward. Cost. $3.50.
Michael Convey, three frame two-story
and attic dwellings, l3x2S feet each, on New
lille street. Twenty-second ward. Cost s. OOO
Mary 7. Feidler, frame two-story dwelling,
1s13O feet, on Second avenue, Twenty-third
ward. Cost, se0o
Movements in Realty.
Allies & Bailey sold for Thomas DeLaney to
Henry Steinbrink No. 80 Miller street. brick
dwelling of six rooms, etc., lot eOxlOO feet
for S, $50
James W. Drape 6 Co. closed the sale for a
tract of land of over $50 acres contiguous to
the Baltimore and Ohio Railroad above West
Newton; papers were delivered and money
paid consider alton, 81, 600: also q residence,
and grounds on the Perrysyille
road for s. go.
Ira NJ. Burchfield sold two lots on Shields
street, Twenty-third ward. for $1,000: also
two lots on Hardwood avenue, Oliver ter
race plan, for s., 500.
S. 4. Dickie q Co. sold for John Schwamb
to C. D. Mobley a lot on Copeland street.
XVI lnf fnrs n1C sal g. 49,
to Mrs. NJ. B. Stewart n lot 5215xl20 |
feet, Miffiin street, Williamsburg, for 81. $50
The purchaser intends erecting a dwelling
John r. Ewing & Co. sold for the Aspfn- |
wall Land Company to Creese Bros, four |
lots, 2JX100 each, on Third avenue. Aspin- |
wall station, West Penn Railroad, being |
Nos. 137 13s, 139 and l40. for 81 900 cash.
Reed 3. Coyle & Co. sold TO b. Rogers lots |
Nos 20, q, o. 23 "a, 25 and 26 in Grafton place
plan, at Grafton, Pittsburg, Cincinnati and |
Backbone road by $50 feet in depth. for a.. 600 |
Black & Baird sold to Earnest Baur lot No. |
in the Kenilworth place plan, on Heron |
Hill, 22xl00 feet, for S536 75
W. A. Heron & Sons sold and delivered |
the decd of lot No. ia in the BisselI pIan. |
Eighteenth ward. 20x10O feet, on Holmes
street, for $3.50 They also sold another lot
n the wilkins estate Third plan, No. Il2. on
street, 52xl25 feet for 500
NJ. f. Nipple 4 Co. sold for the Burrell I'm
Company to Charles E. Booth a
ot, Soxle0 feet, on the southeast corner of
Eighth street and Third ave, in the Kensing-
;on plan of lots for $3.50.
George Schmidt closed the sale of a lot
ronting 20 feet on Allequippa street and
Q in his Eureka place plan, Oakland, to
Miss Emily w. Leslie, of New Castle, Pa, for
$50 cash.
j. E. Glass sold for A. C. Watkins to Will
am Sheermberger lot No 81 in Alleouinpa
place plan, Thirteenth ward, for $3.50.
The Burrer Improvement Conpany sold