Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-11
A GRAND FLOURISH
At Boulevard Place, Dallas, Where
Everything is on the Jump.
THE EXCHANGE AND ITS SURPLUS.
Pig Iron Transported to the Philadelphia
Market on Pack Horses.
OLD SOL NIPs A REAL ESTATE DEAL

Boulevard place, Dallas station, on the
Pennsylvania Railroad, is experiencing
quite boom. Harry Brown will soon COM
mence the erection there of two fine stone
residences. Another stone residence facing
the circle will be put up this season. Mrs.
John R. Gloninger will soon begin build
ing on the corner of Fifth avenue and
Thomas street. j. R. Dunlap's fine resi-
dence is completed, and he will move into 1t
in few days. He is Secretary Of the Calu-
met Coke Company. Charles H. Rowe, Treas
urer of the Braddock Wire Company, will
occupy his new house in day or two.
The asphalt pavement is great attraction to
few evenings ago.
Real estate was quiet yesterday, more on &C.
count of the weather than anything else. Still,
several transactions were closed up and num-
Der of new ones initiated. An important trans
fer was postponed until to-day on the plea OF
the purchaser that the weather was too hot to
sign checks.
No conclusion has been reached in regard to
the disposition of the Exchange surplus,
amounting to about $1,000 The total amount
is sl5, ,000 but only the former sum is available
for distribution or such use as the Exchange
may see proper. The matter was discussed at
length yesterday before during and after busi-
ness hours. Some opposed a pro rata division
among members, as that would render it liable
to be taxed as dividends. Some favored its re-
tention, to be used in possible improvements.
If large building be erected on the lot on the
lower side, it will be necessary to put glass
roof on the Exchange
Others were In favor OF using II 10 Duy up
Exchange stock when offered at low ngure,
and afterward retiring it. This. they thougnt,
would make the remaining shares more valu-
able. The latter plan seemed to be the most
popular, and it will probably be adopted at the
meeting to be held this afternoon. The Ex-
change is necessary to the business interests OF
Pittsburg, and anything that promises to In
crease its standing and influence Will receive
public approval.
s*~
The chartering of q traction company for
the Southside is in line with the suggestions Of
THE DISPATCH q few weeks ago. that that
was one of the best openings for rapid transit
in either city. The population is large enough
to support such a road IN magnificent style, and
from the beginning. Rapid transit is doing q
good work for Pittsburg
Thirty mortgages were filed for record YES
terday, representing about $4,000. The larg-
est was for slS 500 and the next largest for
5000 Seven were for over 81. 600. The abund.
speculative interest are favorable to this busi-
ness, which is rapidly growing in Importance.
Pittsburg real estate offers larger returns and
has fewer risks than any other investment.
*"*
A gentleman who came in from the East
End on an accommodation train yesterday re-
lated the following incident concerning iron
transportation in the ante-canal and railroad
DAYS, Said he: "My father lived in the Juni-
alta country, and when was little shaver he
used to tell me of seeing pig iron shipped to
bent in the form of the letter W, so as to fit
the back of the horse. He could tell a pack
horse train at a long distance by the jinglirg of
the metal. When the canal was opened, IRON
makers thought millennium had come, and
they were certain of it when the railroad was
completed"
Pittsburg iron kings know very little of <e
difficulties and hardships encountered by the
pioneers in the business. THE world do
move"
So