Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-21
THE STATE OF TRADE.
Splendid Crop Prospects Give to
the Future a Silver Lining.
GOLD EXPORTS HAVE NO EFFECT.
Natural Gas Shares Roosted on Reports of
New Territory Near the City.
LATEST EVENTS in REAL ESTATE

Crops constitute the most important fac
tor in the business situation. Being the
basis of prosperity in all lines, where they
promise a good yield, everything moves
along smoothly. Fortunately this is the
case the present season. The spring was
unfavorable to early planting, but forcing
weather all over the country for two or
three weeks has made amends for early
drawbacks. Reports from all parts of the
Northwest agree that small grains are max
ing rapid growth. Corn is in excellent con-
dition. Some planted last week showed
above ground within 48 hours. All the
crops are in better shape than they were
week ago
Has Faith in the Future.
Mr.. P. D. Armour, the Chicago packer,
is one of the most pronunced bulls in the
country. He is quoted as saying few days
ago: 81 think see boom just ahead.
cannot help but feel that this country is on
the eve of a great initiation in prices. If
this growing crop is made as it now PROM
ises, there will be an advance in everything
by fall. Cheap money, big crops, good bus
iness, and the general satisfaction will have
the inevitable results"
Tendencies of the Money Market.
Monetary conditions are so strong that
gold exports are regarded by many fnan-
ciers as positive relief to the market Be-
sides, they are quite in the usual course of.
business member Of a foreign house in
New York said9 on Saturday: "These ex-
ports OF gold are entirely legitimate July
coupons are coming due on large amounts of
American securities held abroad and re-
mittances must be paid on this account.
Commercial bills are scarce and gold natur-
ally goes" A Boston hnancier says: "The
increased demand here for money and the
slightly higher rates have caused many to
believe that it is an indication of a revival
of business. But this indication is not ap-
parent as yet in the other large money CEN
tiers. In all departments of trade, however,
there seems to be disposition to clear
away whatever obstacles impede the gen.
eral progress in the direction of thrift
In a general way it may be said that the
banks are getting little restive under the
extremely low rates for money. and are
showing disposition to be little less anx-
ious to press their funds on unwilling bor-
rowers. Some say they have made their
dividends for the half year and now feel in
clined to get out OF the market and stay out
unless they can obtain more satisfactory re-
turns
The Outlook for Stocks.
A prominent stock operator thinks the
demand for investment Is likely to be ex-
eeptionally heavy next month on account
of theSact that the aggregate of the inter-
est and dividend payments will exceed that
of any like period in our history. The
buying of securities to-day may be largely
with this point in view, 1t is difficult to
see any other outcome if crop conditions
continue as promising as they are.
Yesterdays Building Permits.
Twelve permits were issued YESTERDAY for
16 Improvements, the estimated cost of all
aggregating S16,75 The most important
are: J. j. Williams, four frame dwellings
on Belonda street, Thirty-second ward,
$4,000; Joel Gibbon, brick dwelling on
Irwin avenue, Twenty-third ward, 81, 800;
Seawri ght & Shifey, two frame dwellings
on Dairy avenue, Twenty-6rst ward, So, 400;
j. c. Seawright, frame dwelling on Dairy
avenue, 81, 700.
Special Features of Trade.
Imagining from the talk, some interesting
movements in Diamond street realty may
be expected during the summer.
One of the property owners on Greenfield
avenue is making arrangements to build be-
tween 40 and so dwellings on the same gen.
eral plan as Oakland Square.
for stone residence for Mrs Park on North
avenue. Allegheny, to cost $35,O
The Baltimore and Ohio people will soon
begin the erection of a handsome depot at
McKeesport.
At an auction sale of stocks formerly held
by the A. & W. sprague interest few days
ago, 356 shares of preferred stock of che
Hartford, Providence and Fishkll Railroad
(now in New York and New England con-
troll sold for cent q share.
The Oliver estate has had plans prepared
h,.ioE nd Sfn hrJSin ~,
Altoona.
Bonds in the sum of So, 900 are to be issued
by the authorities of Shenandoah, Pa, for |
water works purposes.
Locust and Beech streets Edgewood, are |
to be graded forthwith. Bids for this work |
are being received. |
of Pleasant Valley stock at 2515.
Deposits in the Dollar Savings Bank |
amount to $l3, ,95l 0A, against $13 207 103 year
ago. The number of depositors is IS H7.
in terest disbursements this year will aggre- |
gate S100, ,000, 600. |
Additional Points in Realty
A. Leggate & Son, auctioneers, sold yester- |
day for the Shoenberger estates lot 1O9x22O, |
on Ohio street, near Chestnut street, ALE |
yheny. for $50 OO0. They will also sell by |
auction Thursday next for the same |
estate lot 3OOx2l6, on Main street and River
avenue, Eighth ward, Allegheny.
Deeds IN the following transactions in |
county property have been recorded: James
Whitaker estate to Jacob Trautman, tract t
in Miff1tn township, A acres, SIS, 200. John
Ralston ct ux to P. H. Lauffman, piece of |
land in Harrison township sl,796.
j. c. Reilly sold to John Martsolf lot No.
,5 in the S. L. Boggs plan No. @ Mt. WASH
ngton, for $3.50 cash: also lots Nos. 10 and 20,
in the same plan, to Frank H. Sanderker, tor
s275 cash.
Reed B. Coyle & Co. sold for James P.
Speer three more lots facing Schenley Park, I
having Il front of 120 feet on Juno street by |
1873 feet in depth, for S425 cash.
Black & Baird sold to John Willener lot
No. i in the Denny estate plan, Thirteenth
ward, fronting 20 feet on Harmon street by a
lepth OF l20 feet along Dickson street, for
s475 cash.
Peter Shields reports the sale of lot 30x9O
feet, situated corner Alger and Coleman
streets, in the Greenfield avenue plan,
Ward for $780,
T. III. Coleman & Co. sold for J. C. Dick
;hree lots in the Enterprise plan, fronting !
-5h feet on Turrett street. TWenty-first |