Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-30
ON BETTER FOOTING.
Business Improvement During jan
uary Slow but Permanent.
TIE WAY OPENED FOR REVIVAL.
Several Transactions of Unusual Importance
on the Northside.
THE NEWS AND GOSSIP OF THE CITY

An important item of real estate news
leaked out yesterday. Reed p. Coyle &
Co. sold through the Office OF J. 3. Larkln
& Co., 60x105 feet on West Diamond, Alle-
gheny, with buildings, for $4,000. The
deed was made to Mr.. A. 3. Kennedy, of the
firm of j. B. Larkin & Co. Mr.. Kennedy
is known to have made at least one other
purchase in the same block within two
weeks, and there is considerable curiosity
to know who he is buying for. The Gov
ernment agents want site for the new
postofiice, and it is pretty generally under
stood that this was palt of the property
wanted. Mr.. Kennedy admitted, when
seen last evening, that he had made other
purchases in that block, and would likely
make more at reasonable figures, but was
not in hurry, and would not disclose his
business. While there Is difference of
opinion as to whether the site is for new
theater, a hotel or the proposed Allegheny
cradle Importance is on, and that the property
is cheap.
The Clouds Scattering.
Financiers and business men, almost
without exception, unite In saving that the
malign influences which have oppressed the
country for two or three months, are disappear
ing, that confidence is being re-estabished. and
that symptoms of forward impulse to the
activities of the country are visible on every
hand. The scarcity of available funds during
the last quarter of 1890 and the first part of the
present month, interposed serious check to
the revival of business. But this obstacle no
longer exists. Money is extremely easy every
where. There is no sufficient reason why en-
terprise should not assume the aggressive.
I. Locally, while improvement in business since
the opening of the year has been slow, progress
has been steady and permanent. The financial
involvement of one of the great interests of the
city, together with large crop of sensational
reports and rumors, had tendency to augment
the conservatism of the people and restrict ex-
pansion; but since the affairs of the interest in
question are in course of satisfactory adjus
ment, and the idle tales which filled the air
have been forgotten. a change has come over
the community. Business is again the talk.
Courage has taken the place ofhesitation. This
is more than half the battle. Under these en-
couraging circumstances and conditions the
first month of 1891 is drawing to close. 1t has
been month of disaster to some and anxiety
to many who read the signs wrong. They eN-
pected too much, and being disappointed.
failed to see the silver lining TO the cloud
around them.
The accomplishments of the last 80 days will
have an important bearing upon the rest of the
year. obstacles to the prosecution OF business
have been overcome mistakes rectified and the
way prepared Tor a forward movement all along
The line. With plenty of material to work on,
confidence practically restored and money to
be had almost for the asking, there is every
of revival that will equal, if not surpass, the
best times of last year.