Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-31
TRADE OF THE MONTH.
Improvement ALI Round With a Large
Accession of Confidence.
STATEMENTS BACKED BY FIGURES.
Another Good Sale on Penn Avenue and
Some Tall Talk at Eazelwood.
PROGRESS OF TIE FOURTH AVENUE DEAL

! n
In every aspect it was an improvement o
the same month last year. Conditions wer
better, money was easier, the volume q
trade larger and confidence greater Ban
clearings bear out this position. There wa
q steady, healthy growth from beginning t
end. Local activities received decide
forward impulse. There was no 'boom" il
anything. Everything bore the stamp o
wise caution and substantial prosperity
There is no guesswork in this Figure
pertaining to money, stocks and real estat
appearing in other parts of this column
bear out everything here said
Penn Avenue Still Active.
Another piece of downtown property wa
picked up yesterday. Black & Baird sole
for DR.. W. H. Winslow to the Woman
Christian Association No 956 Penn avenne,
for $50, 900 cash. The lot is 22X11O, and the
building three story brick, which the as
sociation will occupy after April l. DIR.
| Winslow will relocate further down the
avenue. 1t will be remembered that this
association recently sold their quarters on
the opposite side of the street to w. H.
! Keech,
It was ascertained yesterday that the
Fourth avenue deal involving 12-story
| building has not been consumeted 80 far as
the purchase of the property is concerned,
but it is in good shape and almost certain to
| go through. 1t appears that the only diff
| Guilty in the way arises from the fact that
one of the owners short time ago made q
ten-year lease to Smithfeld street firm,
which must be bought off before possession
o. the property can be obtained, and as
these people think highly of the location
for their purposes, it is likely they will de-
mand large bonus to relinquish their
claim. Matters have reached such stage,
however, that it would cost more to back
out than go ahead, making it safe to say that
the transaction will be accomplished 1t is
understood that the price demanded for the
90 feet of frontage required for the building
is very close to S150,000.
DicIserins for Acreage.
1t was stated several months ago that the
Baltimore and Ohio Railroad was negotia-
ting for upward of 100 acres in the Hazel
wood district. Nothing further could be
learned about this deal until yesterday,
when information was received leading to
the opinion that the railroad has no con-
nection with it. 1t was stated on good au-
thority that the probable purchasers are
local and Philadelphia capitalists, and that
in the event of :heir obtaining possession of
the property they will plat and put it on
the market. The parties interested are pro-
ceeding with unusual secrecy, making it I'M
possible to get the inside facts. Hazelwood
is expanding so rapidly that many think q
new subdivision would find a quick market.
Architects and Smoke.
A well-known business man made this in
teresting statement yesterday: Local arch
itects are taking the smoke question by the
horns as it were. I have been informed
that nearly all of the plans under consider
alton for large buildings requiring. boiler
plants for heating and motive power con-
template the use of smoke consumers.
They think smoke will have 10 go sooner or
later, and with the concurrence of owners
desire to put all important buildings under
their their supervision in position to as
sist or expedite the reform"
After Rapid Transit.
Etna borough is ambitious. The people,
determined not to be behind Sharpsburg
and other enterprising places, are taking
steps to improve their transportation iacili-
ties by building an electric road connecting
them with Allegheny. The Citizens Trac-
ton Company might have headed off this
scheme by running branch of their Sharps-
burg extension into Etna, but somehow
overlooked this golden opportunity to
Inonopolize both sides of the river. Hence
the present movement The road is looked
upon as a necessity, and its effect upon the
material development of Etna, by bringing
into the market a large amount Of acreage,
will be immediate and radical
Points in Life Insurance.
Z Attention is called to the advertisement
of the Mutual Reserve Fund Life Associa-
ton iH another column. 1t has had most
successful career. Commencing in 1881,
without a dollar of capital, it has now a
surplus reserve fund exceeding S3, 155. 900 |
and q premium income of more than s., 000,- |
O00--it has paid upward of So, 1000, 900 in |
death claims, written nearly S400, 600, 900 of |
assurances, and established successful agen- |
cies in nearly every healthy country in the |
world. 1t is learned from the published |
statements of the association that its new
business for 1891 exceeds $50, ,00O, 900,
being over S1o,0o0,00O in excess
of the business written in $780,
The advertisement notes that it has
already saved its members over $50, 900, 600
in reduction OF premiums, the cost OF a
go, 600 policy being about the same as the
rate charged for $4,000 policy issued by
old system companies. The fact that the
Mutual Reserve has been officially examined
and recommended by ten different insur-
ance departments and by several eminent
is conclusive evidence, from the
most reliable source, that the company is
worthy of confidence.
Business News and Gossip.
Figures produced in this column show that
has been a good month from bust
ness point of view.
Walter Coulson sold during the week to
Frederick Greiner l52 acres with coal in
south Favette township for $l9725
Kuhn Bros. were the principal sellers OF
Traction Yesterday. They dis
posed of 600 shares at COZ.
Notwithstanding bad weather, the week
vas a good one for real estate people, sales
100.
There was after call yesterday, good
treet demand for the unlisted fractions and
prices were sitter than on the open board
The number of building permits issued
Turing the month was 81, representing IS
the value of all being esti-
mated at Ss7, ,S24
Notwithstanding the fair statement OF the
Company, the stock dropped
cred at a slight concession from boal quo
ationS.
A local broker received the following from
lew York: Time money lent yesterday at
he lowest rate on record, and one WALL |
treet house borrowed $3.50, 900 for II months
It 3I per cent, and several loans OF SIOO OOJ
we're made at 81.
Consolidated Gas was strong yesterday on |
umors of an increase in dividend from 5 to