Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-19
TRADE OF THE WEEK.
Good Prospect for a Hallelujah Year
After ALI the Trouble.
EVERYTHING POINTING THAT WAY.
Monetary Situation Improving and Build
ing Operations Reviving.
FOURTH AVENUE PROPERTY PICKED UP

1
| urgent, showing disposition to get IN on
the ground floor, and bankers were satisfied
| with the outcome. The Clearing House dlo
| land office business, exchanges being next
to the best of the year and more than 81 ,Ooo,
| 600 in excess of the same week in 1882 with
regard to fall prospects it can be said with
| out hazard that business men have unshaken
confidence of brisk, if not heavy, trade.
Many crooked things have been Strengthened
| since the year opened. Weak spots have been
| strengthened. Mushroom concerns have
fourished and faded. No more large failures
| are expected. Builders and architects will
| now push forward work in hand. A good
deal of new work will be hurried In; The
monetary condition is better, and @ tnat
! settled and that helps also. But the great
bull card is the enormous crops at home and
the small crops abroad. What these mean
further than that they will give the rail
| roads all the business they can handle, the
railroads will keep the iron mills at work,
moving. This is likely to be hallelujah
year after all.
A Fourth Avenue Deal
Among the most important transactions
in real estate during the week was the sale
| by Samuel W. Black & Co. of Nos. 40 and 81
Fourth avenue, two three-story brick build
| tngs on lot 40x54, to prominent merchant,
for $50, 900. This being leasehold property ac-
| counts for the very moderate price. 1t ad-
| by E. c. Buch, Esq, and is occupied by Lee
Yick as laundry and by DR.. Thompson as
| an Office. The purchase was for Investment
The Building Outlook.
There has been partial revival of the
building trade. When the carpenters
strike was in its incipiency contractors and
planning mill men added margin to their
bids to cover contingencies, and par
ties who had secured permits, plans and
specifications, finding themselves confronted
with increased cost Of building, in the face
OF stringent money market, with strong
probability of troubles and delays from
strikes, postponed building Consequently
only buildings required for immediate occu.
pancy have been erected Many thousand
dollars intended for houses, business and
residence lie idle in the vaults. Capital and
population, however, require a certain
amount Of building each year, and that
on, and it is therefore predicted with conf
dence that a full revival of building activity
| is inevitable, sooner or later.
Dimes Locked Up.
As remarked some time ago, the invention
of the Decent bank, which will not open un-
til five or ten dollars worth of dimes are in
serted in it, has made a scarcity of 10-cent
pieces, which is making trouble among
business men and the Treasury Department.
1t is estimated that 70 per cent of the 1O-cent
coinage outstanding is locked up, and there
is loud call for an additional supply. The
Treasury officials find the labor of counting
these small coins much greater than that of
counting silver dollars or paper currency.
Business News and Gossip.
Where there is great deal Of smoke there
must be some fire. There was more tall talk
yesterday about the big Smithfleld street
deal. 1t was denied by one of the reputed
purchasers.
Property owners should come down from
their exalted position in regard to prices OF
buyers should have larger pocketbooks. In
either case business would improve.
An important deal in real estate at Brad
dock, in which the Pennsylvania Railroad is
interested, has been closed, but particulars
could not be obtained.
The Burrell Improvements Company sold
nine lots at Kenslngton on Friday, at prices
ranging from $3.50 to $685.
All the city banks observed the half holt
day yesterday except the Diamond, E1-
change and Bank of Pittsburg.
The Pennsylvania Water Company sup
Park Place, Edgewood and Swissvale.
cbestar a
bid for Birmingham bonds, offered 81 fiat.
The London market was disturbed yester-
day on account of the failure of the English
Bank at Rio de en- Plata. 1t is said liabilities
are $50, 900 000
Railroad earnings-Northern Pacific, sec
ond week July, decrease. .s6,s2s; Erlanger
Denver and Rio Grande, second week July,
increase, $lS 800; Wabash, second week July
increase, $4,000; Texas Pacific, second week
July increase, s., ,lE.
A number of handsome buildings have
been started in the Thirteenth ward. It
leads all the rest SO far.
The local securities owned by the Boat
mans Insurance Company, going out Of
business will bo sold on the floor Of the Ex.
change next Tuesday afternoon.
John B. Barbour, of Rea Brothers q Co., is
taking two weeks rest.
The Building Record.
During the past week So permits were is
sued, representing 70 buildings-5l frame, II
brick and two iron-clad-the total cost being
$i0335l. The Nineteenth ward led with nine
buildings, followed by the Twentieth with
eight.
The number of permits issued the previ-
Gus week was 5s. representing 70 buildings,
the estimated cost being $1l6,906. Number
of buildings for which permits have been is
sued this year to date, I640 Yesterdays list
follows:
George sauowar, brick three-story store
and dwelling, 24x75 feet on Fifth avenue,
Fourteenth ward. Cost, $500.
Peter Schevan, two frame two-story dwell
first ward. Cost, 81, 600 for both.
Evans q Son, two frame two story dwell
ings 2lx45 feet on Shetland street, Twenty
first ward. Cost, 4sO0 for both.
Thomas Evans, frame two-story dwelling,
2lx32 feet, on Arlington street, Twenty
fourth ward. Cost ST 400.
Conrad Stabb, frame two-story dwelling,
22x4 feet, on Patterson street, Twenty-seV.
enth ward. Cost, s., 75O.
j. W. Miller, franc addition two-story
dwelling, 16x20 feet, corner Lincoln and Ter
ris streets, m Twenty-frst ward. Cost, 500.
l6xZ7 feet, on Bellefonte street, Twentieth
ward. Cost, $50.
Movements In Realty,
A. z. Byers & Co. sold for William j. Dunn
to Marshall H. Reno a fine residence at
Laurel station, Pittsburg, Ft. Wayne and
Chicago Railway, consisting of ten rooms,
reception hall, porches electric bells and all
modern conveniences, with lot 1001170 for
IS, 900 cash.
Baxter, Thompson & 90. sold lot No. 25,
Bank of Commerce addition extension plan,
Brushton, fronting 80 feet on Frankstown
avenue by $50 feet to 90 foot alley, to L. f.
Liljegrene for 81 100.
to Thomas Pilaorzki a lot 2OxlOO feet on Han
cock street, in NJ. s. Dicksons plan, Thir-
teenth ward, for $500; also sold to Margaret
Ryan for j. Walter Hay lot % in Haywood
place plan, Thirteenth ward, for $62j.
Black & Baird sold to L. W. Hazlett lots
Nos. 6, 8 and 80 in the Adam Roll plan, Twen- |
ty-second ward, for 81, $40 cash.
John X. Ewing & Co. sold for Mrs. Mary N.
u. Watson to d. W. Emerson a lot 50xl50, on |
sycamore street, East Bellevue, PittsDurg, |
Fit. Wayne and Chicago Railroad, ior $500.
Charles Somers s. Co. report sales of 165 |
lots to date at Blaine. One hundred and !
nifty OF these were disposed of at the OPEN |
ing sale last Thursday, in which the firm
tad hryrf of fhn nf1aln r1f