Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-18
TRADE ON THE TURN.
Business Affairs Show Steady I'm
provement all Along the Line.
THE WEEK BEGINS ALL RIGHT.
Speculation Rather Quiet Here, but Lively
Enough Elsewhere.
OFFICE AND STREET NEWS AND GOSSIP

OFFICE AND STREET NEWS AND GVoolr
Everything indicates that Pittsburg is
almost to resume the career of prosperity
interrupted by the financial upheaval OF the
latter part of last year and beginning OF
this. The question of providing better bus
mess facilities in the downtown quarter Is,
therefore, of more than ordinary impor-
tance. Shall the old buildings that encum-
Der and disfgure many of the streets be al
lowed to stand or will they be removed to
make room for modern stores and ware
houses? These buildings are at the top OF
their rent-producing capacity. Their SUD-
| stitution by good warehouses would pc
| distinct gain to the owners ana TO the cry.
There is no danger that they would not Dc
| promptly taken. They would pc snapper u
up as fast as they could be finished. But
| few unoccupied buildings of this sort would
not be amiss. They would be handy IN case
| of emergency. This is a matter OF Speclal
interest to owners of downtown lots encum-
bered with antiquated structures that are
! bringing in a rental amounting in some cases
to notmore than per cent on Ine Valua-
| tion, and will never yield more.
A Hopeful Look Ahead.
| Nearly everybody believes that this coun
| try is on the eve of great business revival.
| II
| s.I am disposed to be hopeful aud look for
| decidedly better times to come weak
| spots are disappearing. Of conrse, Europe
Els still in an unsettled condition, and the un-
| earthing of rotten concerns there, from
/ time to time, is bound to affect US somewhat
| But 1 believe-in fact l know-that over
there they are beginning to awaken to the
| fact that this Is the country in which the
most money can be made in the next or 12
months. 1t has been brought home to them
in terrible earnest that the crops OF the
world are practically failure, and that the
United States will have to feed 1t. nave
the reputation of swinging large line OF
stocks when 1 am active, but what have
done in the past would not be circumstance
to what will do in the future, as soon as
feel reasonably certain that the corn crop
is out of danger"
Railroads Doing Well.
With the beginning of July the railroads
of the United States turned a corner in their
affairs and returns for the second half of
the year are likely to be more encouraging
than those for the first half. Of course harm
to the crops might even now mar the pros
,pect in some degree, but the chance of any
very great damage seems rather remote,
and at present certainly all the indications
point in the one direction-that is. toward
excellent harvests and large traffic for the
carriers. Returns for July cover LAG roads,
and these show So, ,273, ,64l increase, or s.52 per
| cent, over the earnings for the correspond
ing month a year ago. In no previous month
of 1891 has the result been SO favorable.
Bonds Rather Slow.
What may be termed a seasonable dullness
prevails in regard to railroad mortgage IN
yestments At the same time dealers indi-
cate that the conditions in connection with
prime issues show slight Improvement
and that it is easier to sell than to buy the
best class of securities. The general bond
market, too, including low priced and spec
ulative issues, has improved to some extent,
| mainly in sympathy with the better tone OF
the share list. But the demand is still very
much restricted, and the absence of Eu-
ropean buying produces a noticeable effect
on the general situation.
Business News and Gossip.
The week opened with a good feeling in
business circles. There has been u notable
change in this respect in the last week or
ten days.
Permits for the erection of nearly 2,0C0
houses have been taken out in Pittsburg
this year. Not bad.
The NJ E. church in course of erection at
Williamsburg will cost, exclusive of furni-
ture, $SS 900. The foundation is we'll under
way, and the corner stone will probably be
placed in position next week.
The bulge and tumble in wheat were the
drawing cards in speculative circles yester-
day. Local traders neglected their own
| business to watch the movements.
W. E. Won BonnhorSt, E. P. Long and F. A.
Samert have retired from thes Exchange.
New York traders who tried to break the
market are buying back their stocks.
The g 80 assessment of the Central Trac-
| ton Company is payable September 1.
The annual meeting of the Pittsburg
wii ha bol tn-
Standard Plate Glass was offered at 9s
The last reported sale was $l20. w. Z.
Schmertz was, until within few days, treas
urer of the company.
Movements in Realty.
Reed B. Coyle & Co. sold block of ten lots
| in their Glen Mawr Park plan, at Haysville
Piftsburg, Fort Wayne and Chicago Rail
way, fronting on Riverview avenue and ex-
tending through to Merwyn avenue for 81, 500
cash.
G. B. Hart sold for J. f. Ferree, in Coraop-
oils, two lots, 5Ox15O each, on State avenue, to
Mrs. Jennie NJ. Cornelius, for 81, 900 cash.
Hoffman & Baldridge, Williamsburg, sold a
lot on Ross street, near Center, Williamsburg,
Peter Shields sold for the schenley Land
Company to Mrs. Eliza Jones lot 25x145
feet, on Winterburn avenue, in their 'Schen-
lev Park plan, for 5000 cash.
The Burrell Improvement Company re-
port the following lots as sold at Kensing-
ton, Monday, August u, 1891. To Gustav
Ritter, Pittsburgh, lot 13S, block s, for 1925 !;
|, to Frank Gamratowake, Plttsburg 134 block
|. three, for $255; Andrew Plorek, Pittsburg
1856 block three, for $255: Mrs. Mary Dessy,
Sharpsburg Isl block 3, for $255; to Mary
Mcdonald, Pittsburgh, lots 50 and 63, block
2, for 81, ,425 75; to Edward Johnston, Pitts
burg, lot H. block T. for $43l 25 cash: to Paul
Nitach, McKeesport, l07 and l0s, block 3 for
S277 so: to Mrs. a. {. Funk, Washington, Pa
lot 50, block =, for $500 cash.
The Building Record.
Permits for the following buildings were
issued yesterday:
Mrs. Annie Mazer, brick three-story dwelling on
Fulton street. Eighth ward. Cost, 81 900. Henry
Benke, frame two-story dwelling on Henry street,
Fourteenth ward. Cost, s. 200. J. C. Kripp, two
frame two-stoty dwellings on Mayfower street,
Twenty-frst ward. Cost, "a, co., South Street NJ.
E. Church, brick church on Washington avenue,
Thirty-frst ward. Cost, 50, 700. j. A. Simonton,
brick two-story dwelling Fortieth street. Seven.
teenth ward. Cost, a. $50. Michael Jennings.
frame two-story dwelling Wakefield street,
Fourteenth ward Cost ssl5. W. W. Miller. two
frame tTostory dwellings rUe1 on Lyric street
trict school, frame addition two-story public
school, on Wabash street. Thirty,tfth ward: cost,
business and dwelling, Butler street, Fifteenth
ward; cost, 81, 200. Mrs Ellen Hill, frame two,
story dwelling on second Avenue fwo S
story dwellings, on Monongahela street, Twenty
third ward cost s. COO Christina Forester frame me
ward; cost, $3.50.
ROSY VIEWS.
Great Things Expected for Business From
the Big Crops.
Thelocal money market was comparatively
active VeSterdaV. with no change in the