Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-29
TRADE ON THE MEND.
Business Branching Out to Meet the
Spring Requirements.
APRIL SETTLEMENTS ALMOST DUE.
Promising Schemes for Rural Hotels in
Course Of Development
FEATURES OF MONEY AND SPECULATION

| time for business people to take on their
coats and assume the aggressive. They
have been doing very we'll, it is true, keep
ing the volume of trade considerably above
that of year ago; but, lacking the courage
of their convictions, they have not risen to
the height of their opportunities. Condi-
tons should inspire fresh effort. Seldom
in the history of this country has the finan-
cial position been more favorable for an
| aggressive campaign. There was good
reason for the lethargy which prevailed
last year. Money was hard to get. Now
| the weight of idle funds is positively op-
| pressive
| The timidity of borrowers is unaccount-
| able. There may be overproduction in a
| few specialties, but otherwise the markets
| have good absorptive capacity. Real estate
presents a wide field for investment.
People are clamoring for houses to live in.
Business stands are at premium. The
supplying of these wants would put large
amounts of money into circulation, relieve
the financial congestion, and stimulate
| business generally. There are no portents
of calamity to arouse apprehensions for
the future. It is full of promise. Under
these circumstances well enough is not
sufficient when better is easily attainable.
Suburban Hotel Schemes
Talk of new hotels has quieted down in
the city proper only to be taken up in the
suburban districts No city in the country
has more attractive natural environments
than Pittsburg. Their picturesque beauty,
healthfulness and proximity to business
would keep many people from going abroad
during the summer if the right kind of hotel
accommodations were provided. There is
serious talk of supplying this positive want
l.$c L. h. Noc% md
district that make any pretension to thor
oughness, and both of these are said to be
crowded to Inconvenience. There is no pro-
vision for the summer boarder," who must
take his chances. With good run of bust
ness seemingly assured, the erection of few
frst-class summer hotels in commanding
localities at short distances from the central
part of the city would seem to involve
very small element of risk.
Several schemes looking to this result are
being talked up. 1t was mentioned in the
SUNDAY DISPATCH that Ira NJ. Burchfeld
was dealing with an Eastern gentleman for
a hotel site in the Schenley Park istrict.
w. G. Stewart has similar transaction
under way with local capitalist Both of
these projects promise good results. Since
the resale of the Morrison property in East
Liberty talk has revived of converting it
into a hotel, but this is. doubtful. 1t is
again reported that hotel will be erected
on the Mckay lot at Edgewood. 1t was
mentioned some time ago that Mr.. 7.
O'Leary, Jr., was studying plans for hotel
on Frankstown avenue. 1t was learned
yesterday that ne has abandoned the idea
for the season.
Special Features of Trade.
Fifth avenue, just beyond the Court House,
mas been handicapped for years. Owners
nil noit thor coll mo Rnf
signs of q reversal of this policy in the early
future.
Mr.. Charles 1. Wade. cashier of the Ma
tional Bank of Commerce, yesterday sold a
lot in Edgewood at the rate of $50 a foot
front, the highest price so far realized in
handsome residence this spring.
A large amount of new railway construc-
tion is contemplated, 40 lines proposing to
construct % 259 miles in A of the States and
Territories.
Five permits were issued yesterday for
ten improvements, all estimated to cost
out by Robert Sleeth for six brick dwellings
on St. Clair street. Nineteenth ward. They
will aggregate $50 900.
Gross railroad returns for the third week
of March: Baltimore and Ohio Southwest
ern, $4s 2s0 increase, 81, 926: Buffalo, Roches-
ter and Pittsburg, $46,9lO. decrease, So, ,4O5;
Chesapeake and Ohio, sl45466, decrease,
$2,707.
Frederick Mueller has sold to August
EberG a house and lot 19xs4, on Howard
street, Allegheny, for 81 400.
The Dtstilling and Cattle Feeding Com
pany has reduced its quarterly dividend to l
per cent, payable March 80.
On Change yesterday $25 each was bid for
the privilege of calling for the next six
months, 100 shares Philadelphia Company at
2..1144: 100 shares Wheeling Gas at %, and 100
shares Peoples Pipeage at 1871.
Bidgewater Gas people were made happy
yesterday by what was said TO be good oil
well on the StackhouSe farm.
Events in Realty.
Among the deeds flied for record yester-
day were these: Charles Lockhart ct ux. to
Charles A. Warmcastle, lot in Nineteenth
ward; $2S, coo. A. C. Beeson ct ux to John H.
Straub, lot in Twentieth ward; $l265O
Thomas d. Chantler ct ux. to Francis E. Cal
ther lot in Fourteenth ward: Sc, 500 Daniel
Nineteenth ward; $500.
j. Z. Glass sold for John G. Reed a new
frame house of four rooms, on a lot 25xl00
feet at Wilmerding, for sl.500
Black & Baird sold to D. S. Levy, lot No.
% in the j. Walter Hay plan Of Haywood
Place, on Heron Hill, for 5000.
A. NJ. Tressel Co. sold for Colonel Ellis
worth Thomas to Miss A. NJ. Costello, lot No.
100 in the Northside Land Association plan
at Avalon, Pittsburg, Ft. Wayne and Chi
cago Railway. for $500.
W. A. Heron & Sons sold $500 house,
being new brick of nine rooms, modern
fixtures, lot 40Xl20 feet, on Summerlea
street, near Ellsworth avenue, East End.
Purchaser will occupy same as residence.
Also lot No. liz in the Bissell plan, Eigh-
teenth ward, for $3.50.
TRAFFIC IN MONEY.