Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-24
Electric Lighting in Pittsburg.

June e............... 36Sl1 0S02 0o2I ., S3l 16 6S
JuIy 440il, 1032, I'D 8, ,525l 10
Auguat .................. 5OOl 2lO2 $50 III S7
september. 5301 361l2 453l 9,416l1S "a
OCUoDer 90 0S5Z bVol III, z45 lJU
December ............ 662l 7OSS, s9611, ,5Osl2O lS
Business has increased rapidly this yeal
in consequence of the large number of
: buildings that have been erected, and the
number of lights now in the circuit is about
$4,000.
A Capitalist Talks.
Referring to interest rates on money, a
Fourth avenue fnancier said yesterday:
Borrowers make mistake by trying to get
money below per cent.--My experience is
that the majority of persons who have
money to loan feel that it is worth at least
| per cent per annum, and if they can't get it
one way they will another. They will put it
into stocks and bonds of which there is a
large variety in Pittsburg, most of them per
fectly reliable, or they will invest in iron,
copper OF lead, where, as general thing,
| per cent is assured. Thus borrowers in try
| ing to keep down the rate of interest make
money scarcer by forcing it out Of the city,
| so prosperous, there are SO many openings
for profitable investment, that so-caned
cheap money is next to impossible.
Capitalists are generally satisfied with 8
per cent on loans, and, all things considered,
| it is only reasonable price for P1ttsburg
borrowers to pay"
! Business News and Gossip.
The air yesterday was full of rumors of
| war between the Pittsburg and Duquesne
| fractions.
| There were 26 bids for bank stocks yester-
| day and only four offers
| The anthracite coal trade exhibits signs of
| improvement and it is thought that by the
| time warm weather sets in the trade will be
very active.
Ten bankers in Wall street have each put
up $6O,O0O making a total of $780, 900 with
| which to pay the interest on 800 600, 900 of
| gold, which they are going to buy and hold
| for go days. They intend to compel England
and Russia to pay handsome premium on
the gold they buy or leave it in this country.
General John NJ. Corse, who, by the way, is
| a native of Pittsburg has decided not to take
the position of General Manager of the Flint
and Pere Marquette Railroad.
1t is stated officially that nearly enough of
the Westinghouse Electric stock has been
sent in to the Mercantile Trust Company,
| asserting to the plan of reorganization, to
| guarantee the announcement OF the adop-
| tion of the latter at the meeting on June !.
President Thompson, of the National Lead
| Trust in which many Pittsburgers are in
| terested, says that the subject Of increasing
| the dividend has not been considered, nor is
there any proposition to reduce the capital
ization. He adds that business is in pros
porous condition.
Low prices are better basis for bull spec
ulation than high, and no one realizes this
| fact better than the large stock operators.
Railroad Earnings-Pittsburg and West
ern, second week May, net decrease, $3,099.
crease, sa,4s5. Northern Pacific, second week
May, net decrease, $20,6l2. From January !,
net increase, $S45, 1854.
The Building Record.
During the past week q building permits
were issued, representing 80 buildings-3
brick, 2s frame and ironclad, the total cost
of all being $24, ,693. The Thirty-second ward
led with seven buildings, followed by the
Thirteenth and Twenty-frst with four each.
The number of permits taken out the pre-
vious week was As, representing 4S buildings,
the estimated cost being s35,S65. Number of
buildings for which permits have been
granted this year to date, 957. Yesterdays
list follows:
John Friend, frame two-story dwelling, 1sx
80 feet, on Hanan street, Thirteenth ward.
william Gruneberg, frame two-story and
mansard dwelling, 16x32 feet, on Journal
street, Thirty-fifth ward. Cost, $50:
James Hester, frame two-story dwelling
14x2s feet, on Dairy street, Twenty first ward.
Cost $500.
william H. Myers frame addition one
story kitchen, sx16 feet, on rear Jones ave-
nue., Twelfth ward. Cost $50.
Movements in Realty.
CHI Love sold the property No. $40 Forbes
street, lot 2ox12O, with brick dwelling, for
Mrs. Knost for $500 cash. j. Wehner was
the purchaser.
The Aspinwa1 Land Company sold the fol-
lowing lots in their plan at Aspinwall, Pa:
No 36 50xl00 to Sarah E. Marshall, for $780,
No. 81, 5oxl0O to Annie E. Laurence, for $500;
No. IS, 5Oxl00 to NJ. H. Marshall, for $500 No.
At and.4s, 1OOx10l, to Frank K Patterson, for
$3.50; No 1923, 25xlOO, to Matthew Robinson,
for $500; No. 324 25xl00, to William B. Robin
son, for $500.
Baxter, Thompson & Co. sold three lots in
Bank of Commerce addition plan, Brushton
Station, together fronting 12o- feet on the
north side of Bennett street by lS7 feet to
2O-foot alley, for $3.50.
A. 2. Byers & Co. sold for NJ M. Richie to
NJ. d. Rowland six vacant lots, 25x15O each,
fronting on Broadway, Coraopolis, for 81 5O0
Kelley & Rogers sold for James Parker to
John W. Martin % lots on Dairy avenue.
near the Larimer avenue bridge, for price
approximating 1900; also sold ~ lots for A.
g. McGonagal,l in his plan at the termination
of the new Larimer avenue bridge, for prices
ranging from S225 to $400 each; also sold for
Miller Bros. lots on Grazier street to the
Homewood Sub-District School Board for
81, 500; also sold for Mrs Sargent nine lots on
Euclid avenue to VIM. Fox & Co. for So 900:
Also sold for Fox & Watkins house and lot
on EucLu avenue LOT prlce apprOX1matlng
$5,000 also sold to a prominent business man
two brick houses in the Twenty-first ward
for Mrs. Caroline Croft for price approxi-
mating $4,000. They alsomade several other
sales during the week
Reed b. Coyle & Co. sold for Mrs. Caroline
E. Leonard, of Corpus Christi, Tex, the
property No. Is Carroll street, Allegheny,
being frame dwelling of six rooms, with lot |
20x96 feet to Alpine avenue, for s., 500 cash.
Black d Baird report the following addi- |
tional sales in Ellwood: Lot ST. to Weitz A
Bros. for $3.50; Charles Meune lot 9Sl for $500; |
John G. Simpson, lot s62 for $500; j. M B. |
Brackemeyer, lot s5S for $500; A W. HARRISON,
lots Nos. 9S4 and $50 for 1000; r. Monford lot |
725 for $500; u s. Kelly lot 7l3 for $500; Connor
q Nye, lot $50 for $500; j. w. Knox, lots Nos. |
745 and 748 for 81, 100. |
John 4. Ewing & Co. sold for Robert Barr |
to the Pioneer Saving and Investment Com |
pany, of Allegheny City, the property No. rs |
Sheffield street, Fifth ward, ALLEGHENY con-
sisting of a small frame hollse of three rooms |
and a frame stable. lot 20xl2i through to |
Hamlin street, for 50, ,450 cash. lN
J. e. Glass sold.for A. c. Watkins to Josiah |
Whitehouse. lot No. IS in Alequippa place |
plan, Thirteenth ward, for $3.50.
Samuel W. Black & Co. sold q new Queen |
Anne brick house of II rooms, with all |
modern improvements for a price approx |
mating $1,000 The purchaser will occupy |
the same in the near future.
NJ. f. Nipple & Co. sold for Isadore H. |
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