Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-20
DRILLING FOR GAS.
The Turtle Creek Company's Well
Down 1,400 Feet.
REAL ESTATE STILL VERY LIVELY.
One Of the SharpeSt Swindles Of the Age
Just Come to Light.
ELECTIC STOCK FLIES VERY HIGH

The Turtle Creek Oil and Gas Company
is pushing the work on its we'll on the
Montgomery farm. The well has been
drilled to depth of !, 400 feet, with good
indications of gas, but it will be sunk 200
feet deeper. 1t is in the same belt as the
Williamsburg well. The company is sanguine
of developing regular roarer.
The real estate market continues to show
great activity. Private sales occur daily. They
include many important pieces of property
both in the city and suburbs and represent
large values. Sales by agents and dealers are
numerous. Auction sales are also frequent,
some very fine properties changing hands in
this way. Values are steady, with hardening
tendency. Fears have been expressed of a
collapse, but it is hard to conceive of tumble
in anything with good cash demand to hold it
up. Beside, most of the unimproved ground
that has been sold within the past year or two
has been utilized for residence purposes, thus
practically taking it out of the market and
lessening the chances of a squeeze, of which
there is no sign on the business horizon.
There are said to be tricks in all trades. The
latest verifcation of the saying comes from
London. The fraud is very ingenious. and
own in more ways than one with the Yankees
or any other people. So far as known the SWIM
die has not been imported to this country. A
short time ago John Matthews was arraigned
before police magistrate in London for dye
ing cloverseed. The prosecuting attorney, in
opening the case said: THE prosecution is
taken up by some of the largest seed merchants
in Mark Lane, and the reason for its being
taken up is that for many years past very great
frauds have been going on in reference more
particularly to cloverseed. If 1t is mixed with
old seed there is very large diminution of the
terminating power. Therefore it is not only a
question of defrauding the seed merchant. (be-
cause of course if they could dye old cloverseed
to give it the appearance of new, they are en-
abled to undersen the bona fide merchants
dealing in that article). but it is also defraud-
ing the farmers who purchase from the
merchant, because when they have sown their
seed instead of coming up in the proper way it
does not come up at all. The process which has
| been adopted for long time has been to buy
up old worn out cloverseed, and submit it to a
certain process of dyeing. This having gone on
for some time, the large merchants in the trade
made up their.minds TO put stop to it" The
defendant was fned $50 and costs.
The full name of the bank, the failure of
which, in 1873, was noted in this department a
few days ago, was the Nations Trust Company.
This statement is made to remove the impress
sion that has grown up in certain quarters
since the publication of the item that it was in
some way connected with the Nations Bank
for Savings, Allegheny City, of which John A.
| Myler is President 1t was totally different
concern-as well in its business methods as in
its name. The Allegheny institution is con-
trolIed by gentlemen of high character and
responsibility