Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-09
Business Condition and Outlook.

| erty ana put 1t on the market. 1t is e4pectoQ
that this deal will give Knoxville fresh
boom.
Business Condition and Outlook.
Locally and generally trade during the
past week developed moro good points than
| bad ones. While there was no material i'm
| provement in the volume Of transactions,
there were few instances Of declines. E1-
ports increased. bank clearings made good
showing for the season, railroad earnings
we're large and collections were easier, show
ing good distribution of money. All in all,
the candid inquirer cannot but admit that
| the business of the country is in a healthy
condition for the worst part Of midsum-
mer This is really remarkable,
considering all the ups and downs,
| scares, discouragemcnts and sur
prises which the business world has had
| during the past six or eight months Ad-
mitting the worst, the fact remains that the
country is well of. On the other side Of the
water are short crops: on this side heavy
| crops. On the other side is a scary feeling
| over money matters; on this side are ease,
| confidence and quiet, with an abundance Of
| money for all legitimate requirements. All
| the great and little industries are doing
| well. The railroad companies are furnish
| ing themselves with additional equipments
plain to he ignored what do they mean2
| Simply that the recuperative power OF the
| people of this country cannot be suppressed
| 1t is superior to disaster.
Sold the Second Time.
Among real estate transactions eonsum-
mated yesterday was that of the property at
the corner of Wylie avenue and Washington
| street, occupied by ]. G. Beck as drugstore.
The occupant was the purchaser at sic, 200.
The deal was made by J. C. Reilly. This is
the second sale of this property within four
months
Northsider Talks.
The announcement in this column yeseer-
| day that Colonade Row is to be demolished
to make room for large business house
| was good news to people residing or doing
busines in that quarter OF Allegheny. A
| leading merchant said: II am rejoiced at
| the prospect of another creditabl structure
| on Federal street. We need many, the pres
ent buildings having survived their useful
ness, and this Improvement may in
fuence others to build. It is our
best street. and should not be
kept back for want of suitable business
places. I know OF two or three reputable
frms of outsiders who would locate in Allie
gheny at once if they could obtain stands.
Objection is made by some that the lots are
too sh TT for large buildings, but think diff
! ferently. A lot go or 20 feet deep will hold
building sufficient for the retail trade and
we do not expect to do much wholesaling.
At any rate, 1 am glad that one owner Is
public-spirited enough to set a wholesome
example in a matter of such importance to
the community
Selecting a Site.
The Columbus Club people haveno quite
succeeded in procuring site for the building
which they propose to erect. but have two
or three under earnest consideration. One
of these is at the corner of Sixth avenue and
Cherry alley. Another is the property occu-
pied by the Press Club, on Sixth avenue,
near Smithted street. 1t is lik ly that one
of these sites-perhape the latter-wll be
purchased.
Business News and Gossip.
The 'schme-tz embarrassment was not
viewed with alarm on Fourth avenue. The
year.
The applications Of the National banks for
the extension of ~ per cent bonds held to
secure circulation at per cent up to yester-
day aggregated sl5bOO.ooo.
The Treasurer of the United States CON-
t1nues the daily shipments Of small notes to
the West for use in moving the crops. The
total amount sent thus far is o., 800 900.
Yesterdays scenes in the oil pit recalled
old times. The principal difference was
that nobody had any oil to sell, showing that
the advance had been well-timed If there
were design in it.
Railroad earnings - Northern Pacific,
fourth week July, decrease, ssS,7ll; from
January /, increase, s60l 4s4. Wisconsin
Central, fourth week in July, decrease, $685.
4S4; from January l. decrease, 32,0l2. Iowa
Central, fourth week in July, decrease, 1924,
New York Central, month of July, increase,
S70S, COZ.
The introduction of a concern with a caDi-
tai OF $l2, 900 will more than offset all
the disasters Pittsburg is likely to have this
year.
porte the past week shows that the market
is picking up. There were several large
deals.
M. P. Howley has sold within ten days
81, go worth of lots in the Nineteenth ward
between Highland and Negley avenues, and
six lots in the kensington Park plan for $500
each. He thinks business is all right.
Permits for s. buildings last week had
favor of old times. Lost ground is being re-
covered
Movements in Realty.
George Schmidt sold for George NJ. Schmidt
two lots on Alliquippa street, being Nos. l26
and III in Eureka place plan, Oakland, to
Mrs. K. Specht for 81 ZOO
A. z. Byers & Co. sold for W. A Black,
ESQ.,, to Henry NJ. Schlereth, lot No. 4s in his
plan, having frontage Of 20 feet on vir-
ginia avenue and extending back distance
of go feet to Sheridan avenue, on the line Of
the Perrysville electric road, Tenth ward,
Allegheny City, for $50.
Black s. Baird report sales at Ellwood to 8.
E. Stevenson, lot No. 63l, for S40O; Telford &
Grove, lot GS3, for $500; j. s. Bennett, Jr.,
lots Nos. S76 and ST. for s., 900, and Harry G.
Smith, lot s7S, for S5J0
Reed B. Coyle & Co. sold for T. d. Chantler
to prominent city merchant q lot on Belle
field avenue. Fourteenth ward, 50xl20 feet,
tor So $50 cash. Improvement al be made
by the erection of a handsome residence to
be occupied by the purchaser.
John X. Ewing & Co. sold two lots, 20x100
each, on Sheridan avenue, to Mrs. c. Nc
Kissick, for Frederick G. Rohrkaste, being
Nos. 50 and So in the Rohrkaste subdivision,
Tenth ward, Allegheny, for $3.50 cash.
Baxter, Thompson 4 Co. sold for Major A.
NJ. Brown a lot 5Oxl25 on the west side of At
lantic avenue, Twentieth ward, for So 0O0
The purchaser, Mr.. w. w. Lincoln, has COM
menced the erection of a fine residence.
They also sold for NJ. Christin q lot 62115x133
on the west side of Pacific avenue, between
Liberty and Harriet streets. Price con-
fidental. Also sold a lot 100xlS3 on the west
side of Pacific avenue, for Sc COO The pur-
chaser of the latter two properties, a prom
inent physician, will improve with fine
residences at once.
NJ. +. Nipple & Co. sold to John II. Watt
for price approximating $780, 100-room
all-frame dwelling. with lot l00x l25 feet, sit
uate on the south side of Forrest street, in
the Laurel Land Company's plan, Laurel
station, P, FIT. w. & C. r. R.
Charles Somers & Co. sold for Mrs. Frances
L. Gregg to John 81. Fuchs, lots Nos. % and
% in the Lorenz plan, CHARTERS township,
fronting % and "A feet respectively on Cath