Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-11
MANY ACRES BOUGHT.
The Inside of Syndicate Operations in
the Twenty-Third Ward.
A SHORTER ROUTE TO HOMESTEAD.
Andrew Carnegie Said to be Quietly Fish.
ing for the City Poor Farm.
A RIVER BRIDGE AND A BIG CUTOFF

While real estate dealers and buyers gen.
orally have given their attention to property
surrounding Schenley Park and contiguous
to the entrance TO it, syndicate of people
equally anxious to get as much of the earth
as possible, have been quietly buying in an
other direction. A number of names are
given as embracing the syndicate, but the
only thing positive is that large amount OF
land has been purchased within the past two
weeks in the Twenty-third ward, beginning
near Brown station, on the Baltimore and
Ohio Railroad, and running along and near
Saline and Greenfield avenues.
The purchases include the lands Of j. j.
Stoer, Ira M. Burchfeld, Hill Burgwin,
John McElroy, John D. Scully, E. and 81.
Walker, Frank Kohne. the House estate and
many others that could not be obtained for the
reason that several other deals are pending.
| The Brown estate was wanted but it is un'
| derstood the owners refused to sell. although
they sold quit claims on all coal interests they
had on the syndicate property in that section
of the city, and granted rights Of way through
| their property for a steam or electric railway.
One purpose of this syndicate, which now con.
trolls from 800 to 400 acres of land is 20 shorten
| the distance between Homestead and the
Court House 81 miles by bridging the river at
| or near Browns station, at sufficient height on
this side of the river to reach the bluff bank at
Browns. and make the grade easy along the
northern line of Calvary Cemetery. The great
bend in the Monongahela river at Glenwood Is
thus cut of, and the distance to Homestead
shortened between 8 and miles. The route as
before stated, is through the Brown estate,
North of the new cemetery to Hazelwood ave-
nue.. thence along Greenfield avenue aud
through the Twenty-second and Fourteenth
wards to Craft avenue, where 1t becomes q part
| of the Duquesne Electric or Pittsburg Trac-
ton road, as may be decided on.
The charter for the bridge was obtained by
Mr.. Burchfeld, who is said to represent the
| syndicate; at least he secured most of the land.
w. A Heron & Sons had 30-acre tract on
their books a month ago; they haven't got 1t
now, and 1t is fair to assume it has been COB
bled. g. w. Black has lately increased his
holdings there, and Mr.. Larkin, of J. B. Larkin
& Co.. admitted that he represented 2S acres,
| but nothing further could be got out OF him.
He bought the Kohne orchard, on Hazelwood
avenue, embracing about IL acres, two months
ago, and the syndicate now owns it. He would
neither affirm nor deny the purchase or sale.
This opens rp . new territory, and puts
Homestead practically within the city limits.
1t is said by some that the intention is to head
of the Second Avenue Electric Railway Com
|
stead by ferry, and to provide transit for the
people along Greenfield, Forward Hazelwood
| and Saline avenues. A gentleman who lives in
that part Of the city said yesterday that the
| Sunday travel to the Park and Calvary Gene
terry alone would pay the expense Of q properly
| equipped passenger railway, to say nothing Of
the immense advantages Of such a line 20 the
people and manufacturing concerns in and
about Homestead.
Whether the proposed sale Of the City Farm
| st Homestead has any significance in this con-
nection is one of the things that mo fellow can
find out" 1t was stated yesterday by a reliable
gentleman that the farm would probably pass
| into the possession of Mr.. Andrew Carnegie,
| who has opened negotiations for its purchase.
The prices paid by the syndicate for the land
they have already acquired range from 81, 900
to s., 500 per acre, which is considered quite
reasonable, considering the possibilities Of i'm
provement and consequent enhancement in
value.
number Of Hazelwood avenue property
owners had secured q charter for q railway
from the top OF the hill to Second avenue, and
thought of commencing operation In July, but
| the proposed cutoff has knocked this enter
| prise on the head.
More About Parnassus.
The Parnassus manufacturing and town
scheme which has been referred to in this
column, promises to be one of the big things in
which Pittsburg is directly interested. The
prime mover in the project manages to keep in
the background, but THE DISPATCH was
| again informed yesterday that at least 400 to
600 acres have been sold, the information COM
ing indirectly from the former owners of the
tracts. 1t has been ascertained that Mr.. John
B. Copeland, one Of the principal business men
of Parnassus, has the controlling leasehold in
terest In from 1000 to 5000 acres Of gas terri
| tory in and around the new industrial suburb
to be-
In fact, all the available gas territory has
been secured by the parties in the scheme, and
the public may expect to hear good news from
the little hamlet in short time.
Business News ana Gossip.
Edgewood Council passed an ordinance Mon
day night giving the Southern Natural Gas
Company right of way through the borough.
The number Of acres leased by the Parnassus
syndicate is 5000, and not 800, as stated yester-
day.
The o'clock stock call has been suspended
until septemberl This is good, but indefinite
suspension would be better.
The number Of mortgages recorded on Mon
day was ~. The largest was for S. 500. Twelve
were for purchase money.
Stock brokers report good office business,
but, like the majority Of real estate men, they
refuse particulars. Some good blocks of Phil
adelphia Gas Luster and La Noria have
changed hands quite recently.
e. P. Long sold 6S shares Philadelphia Gas at
BIZ. W. F. Msxon sold 100 shares Airbrake at
lis.
The London Economist calculates the gold
coinage of the world in 1859 at s34, 562, IA,
against f25,472, 7SS in 1888 The silver coinage
in 1889 it puts at f25, s against fs0 6S7, sos
in 1885
If 1t be true, as stated, that Mr. Carnegie is
after the Poor Farm. he will probably get It
The longest purse generally wins in such con-
tests.
The price which the Wiscon sin Central Rail-
road will pay for the Milwaukee and Northern
Railroad is So, 900 900, in addition to assuming
the S6,0OO.0O bonded debt.
A real estate deal involving considerable
money was hung up yesterday on difference
Of $500 This shows that holders are firm.
Two Of the youngest and handsomest real
estate brokers In the city are to be married in
short time. They are attending to business.
but are addicted to long spells OF absent
mindedness.
Movements In Real Estate.
There was Q moderate movement in real
estate yesterday. with fair amount of bust
ness. The interest in large properties is greater
than at any previous time in the history Of the
CITY. This includes acreage Sales reported
were:
WA. Heron & Sons sold lot 4Oxl20 feet
near South Hiland avenue, and between the
Fifth Avenue and Duquesne traction lines. for
$4,000.