Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-03
FEATURES OF TRADE.
Situation Better Than at the CORE.
spending Time Last Year.
GOVERNMENT PROPERTY GOSSIP.
A Scheme to Find Purchasers FOR Resi-.
Dental Property in Ireland.
TEE TREND OF MONEY AND SPECULATION

Knowing what business is, it may be IN
teresting and instructive, as we'll as en-
couraging, to turn back year and see what
1t then was. The financial position q year
ago was extremely critical; failures were
coun ted BY the score, confidence was weak,
and the outlook uncertain. Conditions
favored a panic. and 1t was by the merest
chance that it was averted. The reverse of
all this exists to-day. Money is abundant
and easily obtained. II is seeking invest
ment in all directions. Any lack of activity
cannot be charged to the poverty Of con-
sumers. General trade is by no means bad.
Confidence has been restored In large
measure. Farmers are prosperous. Econ
omy is being practiced by all classes Of peo-
pie, and the country is gaining strength.
Examined from any reasonable standpoint,
the situation is far from discouraging,
while the outlook is cheerful. It does not
require much seeking to find good reason
for entertaining hopeful views Of the fu-
ture. Iron casts the only shadow.
Wanted by a Syndicate.
On Friday, March II, at II o'clock A. NJ,
on the floor of the Exchange, the Govern
ment property on Penn avenue and Garri-
son alley will be again offered at public
sale. The two former efforts to dispose of
it were unsuccessful for reasons that are
well known. The coming sale promises to
hsve a better result. While prospective
bidders are not going about telling their
plans, it is known that at least some of
them are doing some very close figuring,
showing that they mean business: 1t was
stated on good authority q few days ago
that ovpdioofa IF shorfy CT hrSf
men had been formed to purchase the prop
erty for their own use. One of these gen.
tlemen admitted as much yesterday, but
declined to 90 into details. He said they
were dissatisfied with their present quar-
tiers. They wanted more room. If they
succeeded in getting the Government
property they would soon cover it with
large modern warehouses. Several indi-
vidual capitalists are also in the field, and
1t is understood that one of the railroads
will be among the bidders. Altogether,
the prospect is good for lively competition
and better prices than offered at either of
the previous efforts to dispose of this valu-
able property.
Irish Properties for Sale.
A movement is on foot to find purchasers
for some Of the fine residential places in Ire
land. No far-reaching attempt has hitherto
been made to deal with Irish property in
the sense here proposed. The desire has
of the rich families in the United States to
have place on that side Of the water-a
country house in England or a shooting in
Scotland The rich Australian, or other
Anglo-Saxon colonist, who has left the old
country in his early days, often comes back,
with the homing instinct strong in him, to
his birthland and settles down. 1t is from
these sources that buyers are expected. A
typical example of the style of property to
be offered is that of Killeen Castle, in
County Meath, about 20 miles from Dublin,
which the Earl of Fingal will put up at
auction next month. Here is feudal
edifice dating from the eleventh century,
and once occupied by King John of Eng
land, with noble park and surrounding
lands Of about 1000 acres, all in hand.
e. Business News and Gossip.
Stockholders of the Odd Fellows Savings
Bank at q meeting yesterday afternoon,
voted unanimously in favor of extending
act of Assembly.
Six permits were issued yesterday for the
erection Of the same number Of buildings
and additions, aggregating "a. ST..
Webster station promises to develop into
center. Report is out to that
effect.
The Journal of Finance remarks: "Mr.
George Westinghouse, Jr., is out with q
denial of the statement that the Westing-
house Company has asked, either directly or
indirectly, to be taken into tho Thomson
Electrical Combination.
A residence property on Beaver avenue,
Allegheny, changed ownership yesterday,
but details could not be obtained.
office and other places of business atvictoria,
B. e., stating that American silver coin will
not be accepted unless at discount of 3 per |
cent. The postoff1ce will take the same ac-
ton.
The Mineral Ridge and Niles Electric
Street Railway Company, capital $50, ,OO0 has |
been organized at Akron, O.
:. The Brushton Building and Loan Associa,
lion, OF Allegheny county, was chartered |
Capital stock, 600 600.
Eliza Is. Patterson has sold to Charles E. |
200x500 teet in Sewickley, with u |
arge frame house, for $4,000.
Friends of Mr.. Westinghouse talked conf !
lently yesterday of carrying everything |
before them at the Switch and Signal Com. |
,any meeting next week. |
At the last call yesterday los was bid for |
j. S. Glass preferred. The common was |
offered at ~. New Electric common was |
'ffered ut ~, and 95 was bid for Electric
GRIP
The special meeting of the stockholders of |
he Petroleum and Stock Exchange has been
postponed until Thurday, March 10.
Movements In Realty.
1t was stated yesterday that Boston capi-
alfsts were purchasers of the Castner and |
wo other farms, about 800 acres in all, at
Webster station, on the Pittsburg, Virginia
md Charleston Railroad, sold a short time
go by Kelly & Rogers, of tho East End. Ac-
ording to report the entire tract will be
Utilized for manufacturing purposes. About
,ne-third of is underlaid with coal.
Black & Baird sold for the heirs of Henry
v. Oliver to the Eureka Land Company
ruct or ground in the Fourteenth ward, ON
he northeast side of Frazier street, near
fronting. 240 feet on Frazier by
lepth of GAS feet through to Sylvan avenue.
or Sl7,S5O. The purchasers will plot the
property Mt once and put it on the market
through the Black 4 Baird agency.
Peter Shields sold lot No. 2l0, 30x9o feet.
ocated on Nantasket street in the {, reen-
ield avenue plan. Twenty-third ward, to T,
!. McEachrnn for $495.
The Burrell Improvement Company report
he following sale OF lots at Remington:
amuel 8. Strasser, lot g. block 13, $525: Edwin |
J. Riddle, lot 81 block Is; NJ II. Young, lot
, block /, 5000; Peter Kruy zsieneski. lot 14O
,lock 3; Mary B. Jacobs. lot 81, block 5, ss25:
Iarv b. Jacobs, lots II, rs and Ito, block 4,
2 So. so.
Reed 3. Coyre & Co., sold on Monongahela
treet, near Marion station. Twenty-thtrd
yard, city, new frame house of eight
Dom, with lot 24xS4 feet, more or less, Tor
], 500.
HOME SECURITIES.