Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-17
SIGNS OF REVIVAL.
SCrambling for Lots in a New Plan
Opposite Boulevard Place.
MORE INQUIRY OUT WYLIE AVENUE
Dangerous Counterfeits Floating Around
and How to Detect Them.
THE GROWTH OF ELECTRIC RAILWAYS


the plan just opened opposite Boulevard
place, fronting on Fifth avenue extension.
The location is admirable both for residence
and business. being convenient to street and
steam cars. Three gentlemen began nego-
tiations yesterday for block of seven lots
in this plan, which will probably result in
deal to-day.
Another feature of the real estate busi-
ness, developed yesterday, is renewal of
the inquiry for residence and business
property out Wylie avenue. the opinion
that the cable line will depress values on
that thoroughfare finding but little favor with
investors. 1t may injure a certain class of
traders at first but the novelty will soon wear
off and buyers will patronize local merchants
as before.
The only effect the road will have on realty,
according good judges. will be to enhance its
value by making it easier of access, and there
fore more desirable.
A large amount of counterfeit money is in
circulation, principally in the West, but occa-
sionally it turns up in Pittsburg The silver GER
tificate S. series of 1885, and the $40, series of
1875 seem to be most abundant. Attention was
directed to the latter in this department few
days ago. The fact which makes this latest
flood of counterfeit money SO exceedingly
bothersome is that, according to bank officials,
it is almost an impossibility for any one other
than an expert to detect it. For once the mat
ter of giving some particular point which may
be referred to instantly or even with the most
careful study, and be depended upon as infalli-
BILE in distinguishing the good from the bad, is
impossible, so remarkable is this latest job of
counterfeiting.
The nearest to rule given by experts is that
on all genuine bills, of any and all denomina-
tions, the scroll win always and never failingly
be found absolutely true. Rivet the eye on
any Une scroll line, and slowly follow it out. II
there is the slightest flaw as it winds about,
then there are SO chances to that the bill is
counterfeit, and especially if the flaw in its
graceful sweep is particularly noticeable. This
test has been pronounced the only absolutely
infallible one by the Treasury Department.
The progress of electric street railways in
the United States is remarkable, there being
at present a greater number than in Europe
although the system is older there than here.
Three years ago only one or two roads were in
regular operation in America, though a num-
brief periods at country fairs and the like, A
year ago there were 80 completed roads, aggre
eating in length lSS miles, with 233 motor cars
At that date 40 roads were in process of con-
struction, and number of others had been In
corporated. Probably the most extensive Of
these is that at Richmond, Va, using the
Sprague system. This company has constructed
roads in Wilmington, Hartford, Salem, Wilkes
barre, Harrisburg and other cities.
The Thomson-Houston Company's system is
used in and near Boston, in Scranton, Pa, and
on several other roads scattered over the coun-
try. The Daft Company's system is used in
Baltimore, Ninth avenue, New York; Pitts |
burg, Asbury Park, Meriden, Los Angeles and |
Brussels, Belgium. The list of roads given
above does not include by any means all the |
lines and companies now using the electric |
motor. nor those commenced within the year,
several of which are in Pittsburg.
fa
representative of the drygoods trade who |
had just returned from New York remarked /
yesterday: Large stocks of print cloths have
caused some weakness in prices. There is an |
active demand for dress goods, but woolens are |
pretty well under control, the fall demand hav- |
ing been to great extent supplied. l attended |
the auction sales of fannels and blankets last |
week. There was good demand at conces-
sions in prices. ranging from to per cent be-
low quotations in regular way. The trade
here is very active"
In table showing net railway earnings for
July, the Pittsburg and Western (whole sys-
tem) is credited with gain of 81, ,562 over the
month of 1885, Other gains
we're: Burlington and Quincy $3.50, l4S on the
lines directly operated, and S72, 553 for the lines
controlled. The new Big Four combination in
creased its net from 500 053 in 1883 to S3l4 in
1889, the Louisville and Nashville from S479, 500
to $3.50 346, the Nor thern Pacific from $500, 1872
to S7S2 929, the Rome, Watertown and Ogdens.
burg from Sl2S,90l to Sl56, ,73S, the Rio Grande
Western from Sl9,SO2 to S6S, ,554. and the Ohio
River from Sl6,S72 to SIS, ,4S3 These are roads
n widely separated districts, and yet they all
ell the same story.
Vice President Mccullough, of the Pennsyl-
7ania Railroad Company said in New York on
"The railroads are making fabu-
Gus earnings: in fact, the statements submitted
10 not show exactly how extensive business
hey are doing. There is absolutely no reason
Why they should not all make plenty of money
md they doubtless will do so this fall und win
er. few months ago, when business was
bad forsome of the roads, they,
managed to keep up cheerful appearance.
nd their statements did not absolutely reflect
he losses which they were making. any more
han the statements now coming to hand
learly demonstrate how excellently well the
majority of the lines are panning out. Every
hing looks prosperous, and for the next few
months at least we may look for even improved
esults over those which have recently come to
and"