Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-26
TRADE OF THE WEEK.
Railroad Men and Bankers Getting
Ready for Possibilities.
THE WORLDS FAIR A BIG FACTOR.
Another Important Transaction in Twenty
Second Ward Acreage.
A sHADYsIDE RESIDENCE PICKED UP

| DnADlolDE hEDlDENCE flCAED VI
Business was generally good during the
week, undergoing no marked Improvement
in anv department, but certainly holding
its own. Operations of the Clearing House
were larger than year ago. The banks
found employment for considerable money,
but the demand was far below their ability
to meet. Stock trading was fair for . nom
speculative center, and values as rule were
strong. Real estate was in good shape so
far as inquiry went, but little slow. in
point of sales Building was up to the
limit of last year. Results were satisfactory
tor week largely given up to politics.
Symptoms of a Bulge.
The springs of trade lie deep; the expan-
sive influences are far beneath the surface.
None know this better than the great rail-
road builders and great bankers of the
country. There are evidences that some OF
these gentlemen are getting themselves har-
messed up for possibilities of bulge which
they, perhaps, think they see in the horizon.
They are not in the habit of announcing
their purposes in advance. Certain con-
|
York and Boston of moneyed men, looking
to the Inauguration of schemes that mean,
or will mean, a great deal, if undertaken.
| These capitalists are simply putting them
| selves in shape to be ready for railroad con-
| struction on a large scale. The present
| movement is simply preliminary aud pru-
dental. 1t has leaked out that they are
not intending to actually push new con-
| struction, but are only placing themselves
in position to be ready to rush things when
the time comes The presidents of some of
the largest railway systems have expressed
themselves practically in the same way.
These premonitory symptoms OF better
times are certainly encouraging.
Worlds Fair Possibilities.
Another factor of controlling influence in
the business outlook should not be omitted
in. forecasting the future. Next year the
Worlds Fair at Chicago will attract thou
sands of wealthy Europeans to this country
who will leave millions behind them when
they return home. Shrewd people think
the money return to this country from this
source will be equal to two crop harvests in
a single year. Should results be as ex-
pected next year will be u good one for
business, and especially so for new enter
prises. 1t is perhaps fortunate that the
country is well supplied with money, at
present unemployed, to enable it to meet
anticipated exigencies. Viewed in any
reasonable light, the prospect for the last
half of this year and all Of next is OF the
most encouraging character.
sale of East End Acreage.
Mr. George T. PEBBLES yesterday closed
the sale Of big slice of his property in the
Twenty-second ward to three or four local
capitalists for S45, 900. The ground dis
posed of fronts $50 feet on Braddock ave-
nue., the same on East End avenue and 450
feet on PEBBLES street. tits finely situated,
is high and level, and is within short dis
tance of Penn avenue and the Williamsburg
electric cars. 1t has been Mr.. PEBBLES
policy to hold on to his real estate, and his
change of base emphasizes the progressive
tendencies OF the times in and around Pitts
burg. The improvement of this tract will
greatly increase the value of his other hold
lngS.
A Fine Residence Changes Hands.
Another sale of Importance was consum-
mated by Liggett Bros: They sold for
George Crawford his handsome residence in
Westminster place, Shadyslde, to Robert
Patterson, one of the Oldest residents of
Duquesne, for S35, 200. Mr.. Crawford has
removed permanently to New York. Mr..
Patterson recently sold his farm, which ad-
joins Carnegie's Duquesne Steel Workt, to
that firm for $780, ZOO. He is fortunate in
securing delightful home at reasonable |
figure.
Special Features of Trade.
Weather was favorable during the week. |
The crops made rapid progress.
Work has been commenced on the Grand |
view Traction Railway, Mt. Washington.
Tracks are being laid on Grandview avenue |
and Shiloh street. The road will be pushed |
to completion as soon as possible.
Fortv-siL permits were issued last week |
for IS buildings and additions. aggregating |
$l46 297. The only one OF Importance granted |
yesterday was to A. L. Watkins for two |
frame dwellings on Parker street, Twentieth |
ward to cost 81, 900.
Westmoreand county, can be bought at q |
fair price. 1t contains about 1900 acres.
On the open board yesterday 535s was bid |
for August oil.
1t was announced on the New York Stock |
Exchange that contracts maturing during |
the holidays must be settled on Friday, |
July l.
1t is stated that prices of anthracite coal
will be advanced this week. Stove size will |
be marked up % cents.
There were eight houses in Refectorville,
on the Castle shannon Railroad, less than
two years ago. There are now 72.
Andrew Caster yesterday sold lot of |
CHARTERS hallway stock ut 65
The grounds adjoining the PENNSYLVANIA
Railroad freight house, Williamsburg, will be
fenced, ploughed and seeded. making a
handsome park.
The Red Cloud Mining Company was yes
terday paying a dividend to stockholders,
the total distribution agsregating $40, QUO.
Additional Points in Realty.
S. ]. Fleming sold four houses, lot 80xl03
feet, near Wylie avenue and Enoch street,
for So, 200; also q brick house with lot 20x 100
feet, on Butler street, for $4, 500.
W. A. Cole sold a two-story frame dwelling
of five rooms on lot 22xs0 feet, situated on /
Albert street, Thirty-second ward, Mt. Wash
ington, for 81, 200.
Reed B. Coyle & Co. sold a new modern
dwelling OF seven rooms, hall, vestibule, etc,
with lot 4XlOO feet, situated on Second ave-
nue., Hazelwood, for 81, 900.
John X. Ewing &c Co. sold to George Moul
a lot 40xI30, on the corner OF Marshall and
Tenth ward, Allegheny, for 81, 500 cash.
Baxter, Thompson & Co. sold lot No. 23
Ruch Place plan, Thirteenth ward, from ting
% feet on Kirkpatrick street and extending
back 100 feet to IL 20-loot alley, for $500; also
tour lots on Miami street, Fourteenth ward,
lO0x1O0, for 81, 700.
Morris & AisDitt sold for A. H. Childs to
G. Caplan lot No. Al, in the Linden Land
Company's plan, Tor $500, on which he will |
erect fine residence; also sold for the
estate of Adam Jacobs lots No. 49, 26 27 and
2s in their Oakland Place plan, to C. II,
jerks for $500. Ground is being broken
for a fine residence.
A. 2. Byers & Co. sold for B. H. McCor-
mick to Frod Fogel a new Queen Anne frame
house, containing ten rooms, with all mod
ern conveniences, lot 37xl6O feet, situated on
Federal street extension, near Linden ave-
nue, Second ward, Allegheny, for 81, 600 cash.
Black & Baird sold to George and William
{. klingelhoier two-story brick residence, |