Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-07
BOOMING ASPINWALL.
The Electric Railway for the Rising
Town on the West Penn.
CHANGES AT TORRENS STATION.
Shops to be Removed to Walls and the
Cattle Yards to be Enlarged.
CHEAP PROPERTY OUT SECOND AVENUE.

A charter has been applied for for an elec-
trio road from the Allegheny Cemetery gate,
connecting with the Citizens Traction, to
run to Sharpsburg and the new town of As
pinwall, on the West Penn Railroad. This
will boom property in that district. The
promoters of the road, among whom may
be mentioned Henry Warner, are also inter-
ested in the new town, where it is proposed
to make one of the handsomest residence
places in the county. Quite a number Of
lots have already been sold. and several hand
some dwellings are projected,
Charles Gumbert who is connected with the
Pennsylvania Railroad shops at Torrens, said
yesterday that all arrangements had been made
for the removal of the machine and transfer
shops at that place to Walls station. He added
that the transfer business the past year or two
had been so large that the buildings and
grounds at Torrens were rot equal to the work,
hence the necessity for the removal. Work
has been begun at Walls for the transfer build
ing, and it will probably be completed and the
removal made this fall. The removal of the
shops will enable the railroad company to en-
large the stockyards so as to occupy the ground
continuously from East Liberty station to Fifth
avenue extension, at Point Breeze, and embrac-
ing all the territory between the railroad and
Penn avenue.
The Michigan copper lode, one of the best
mines in the Rawhide district, 100 miles north
of Cheyenne, Wyo. T., was sold last week to
the Pennsylvania Salt Manufacturing COM
pany, of Pittsburg, for $4,000. Ore will be
hauled to the company's eastern works for
treatment.
Prof. Edward Orton, who occupies the Chair
of Geology in the Ohio State University, ad-
vises that natural gas in Western Pennsylvania
be only used for domestic purposes. holding
that the present lavish expenditure in factories
and for all purposes will exhaust the supply in
few years. In Ohio, he says, portion of the
Findlay field is already exhausted, and the
Mercer county field Is disappointing expecta-
tions. Prof. Orton states that the Columbus
Gas Company is boarding its supply which it
gets from the Fairfield-Licking field at Lancas-
ter and Hadley Junction. He advises the use
of meters, and says the Findlay people have SO
wasted their gas that they are on the verge of
shortage already.
The gentleman who is conducting the S4O0, 600
deal in manufacturing property said yesterday:
Negotiations are proceeding slowly, but, 1
think, surely. i am in hopes of being able to
report success in very short time" He
added that the deal was not for new plant, as
stated, but for the purchase of an old one.
There appears to be a revival in themortgage
business, the result, no doubt, of the return
home from their vacations of a number of cap
italists. Forty-six were recorded yesterday,
the highest number in one day for some time.
The largest was for sl7, ,OO0 followed by one for
fun for nd fha
down to s225. A broker who deals largely in
mortgages said: This business is growing 1t
is the safest and most popular investment of
the day. Large amounts of money that for
merly found their way into stocks and oil are
being placed in mortgages. But there is plenty
of it left-and home money at that"
Work is being pushed on the Second avenue
electric road. The prospect of early rapid
transit is drawing attention to property in the
Hazelwood and Glenwood district. A Fourth
avenue gentleman said: There is a specula-
tion IN property out there at the prices owners
are offering it at. know of several properties
that could be sold at handsome advance over
what they cost six months ago. The early pay
ments are an inducement and are leading quite
a number of people to invest. The district is
filling up very fast 1t possesses attractions
and advantages not usually found so conven-
lent to the central part of the city, all of which
will be multiplied by rapid transit.
1t is remarkable fact observes the Iron and
Steel Trade Journal London, that in the manu-
facture of different kinds of machinery, the
Americans can beat US in price. Wages in the
United States are about so per cent higher
than in this country; materials are from 25 to
so per cent dearer; yet the finished machines
can be put on the market cheaper. The Amer
leans cannot send out machines to neutral
markets any cheaper than is done by our manu-
facturers; but it is surprising that they can at