Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-22
SHORTCUT RAILROAD
Indications That it Will Capture a
Slice of Calvary Cemetery.
SEVERAL DEALS In PROGRESS.
Speculative Interests Seek Lower Level
as Money Mounts Skyward.
THE NEWS AND GOSsIP OF THE CITY

While there is nothing particularly new
to be said in regard to the proposed short
cut railroad to Homestead, the project is
being quietly worked up by the promoters,
with every prospect Of success.
There are several routes in view, either of
them possessing more or less advantages, but
none has been definitely settled upon. Right
of way has been secured along Greenfield
and Saline avenues. so that the road may
eventually follow that route, but this de-
pends upon the outcome of several deals that
are on the string, the consummation of
which may lead to an entire change of pro-
gramme. The acquisition of the Brown
property, or a part of it, which is among
the possibilities, would give the company
another and important string to their bow.
From the multiplicity of schemes in the wind
it is safe to say that suitable route will
eventually be secured. A tract of something
less than thirty acres seems to be the key to
the situation.
The latest and most important development
leaked out yesterday. 1t has been stated that
the Calvary Cemetery people refused to sell
any of their property to the railroad company
through which to run the road. This refusal,
1t seems, has been. or may be. reconsidered.
Mr.. Ira NJ. Burchfield. who holds the bridge
charter, made the remark yesterday that he
had no doubt the road would pass through the
cemetery He added: at is probable the rail-
road company will purchase one corner of the
cemetery property, which is low and marshy
and not iii for burial purposes. If this be done,
the question of the route will be definitely
fixed, and work on the road will begin. The
road will be built"
The deals referred to cannot be closed for
some time, as the principals are out of the city,
1t will be of slight importance to the railroad
company whether they are consummated or
not, if right of way, by purchase or lease,
through the country shall be secured.
Business News and Gossip.
A local lumber dealer said yesterday: Build
ing is on such large scale that there is brisk
demand for lumber. The prospect for a big
fall trade is all that could be asked"
The George R. White property, fronting on
College avenue near Ellsworth, will soon be
put on the market by w. A. Heron & Sons.
D. W. Reynolds, of ST. Mary's, W. h, Curry
Alonzo Pollack and others, of Wheeling, have
chartered the Red Letter Oil and Gas Com
pany at Charleston w, Va
The most important of "a mortgages on file
yesterday was for $4,000. The next largest
was for S5,000 Fourteen were for purchase
money.
The Conneaut (O.) waterworks and Supply
Company, capital Sl25, 900, has been incorpor-
ated
Building is brisk at Hayesville Five dwell
ings are receiving the finishing touches and a
number of others are under way. They are all
high class.
rkA G.A lx,,;vl
Company, corner of Main and Liberty streets,
is uD to the fourth story. 1t will cost about
S5O,OOO
The Pennsylvania Railroad, Monongahela
division. has completed the abutments for the
iron bridge TO supersede the wooden trestle at
Hayes station.
The Treasury reports the increased move
ment of standard silver dollars from the Treas
ury attributable to the inability of sthe depart
ment to supply the extraordinary demand for
notes of small denominations.
Mr.. Milton l. Baird, one Of the Fourth ave-
nue. real estate hustlers. has Joined the army of
absentees for rest and recreation. Mr.. John M.
Mcbride is in the harness again.
The Southern Missouri river lines have COM
pleted their arrangements for putting into
effect next Monday the advanced rates on live
stock dressed beef, packing house products
and lumber.
"A large builder at Dravosburg said yester-
day: Business In my line has not been SO dull
for years as it is this season. Something must
be done to revive the river interest or it will
soon disappear"
Several capitalists had meeting yesterday
afternoon to talk over one of the biggest deals
ever undertaken in this city. This statement Is
reliable.
Movements In Real Estate.