Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-31
MORE ACREAGE GOES.
Fifty Thousand Dollars Paid for a
Tract Just Beyond the City
FOR INDUSTRIAL
Some Interesting Inside History Of the
Shortcut Railroad Scheme.
THE NEWS AND GOSSIP OF TIE cITY.

It was learned yesterday that an i'm
portant transaction in acreage, situated be-
tween East Liberty and Braddock. on the
Pennsylvania Railroad, and comprising
something over so acres, had just been sold
by Charles Somers b Co. for S50,0o0.
They were called upon for further informa-
ton, but beyond admitting that they had
made the deal, refused to talk on account oi
the absence OF some Of the principals. The
sale and price are beyond question, but the
exact location is necessarily vague. 1t can
be said, however, that the land is part of the
estate of one Of the most prominent families
in the county.
The transaction, in its outcome, promises
to be of great Importance from an industrial
point Of view.
Selecting the Route,
The "Short CUT line from Homestead to the
COURT House seems about as certain as any
thing In the future. There are some details 70
settle and some difference IN opinion as to
whether the line. after crossing Hazelwood
| avenue, shall go along Greenfield avenue to a
point opposite Lytle avenue and thence to For
ward avenue and Schenley Park, or via Saline
avenue, direct to Forward and along the park.
1t is only question of distance and grades.
The idea is to make the road as near an air
line as possible.
It is immaterial whether the road goes
through the northwest corner of Calvary Gem
etery or not, as it is understood that Samuel s..
Brown, who owns the adjoining land, will place
No obstacle in the way, and will propably give
to the com pany whatever land is necessary for
right of way along the northern line of the
cemetery. Mr.. Brown reasons that while his
land is not in the market, a street railway en-.
hances the value very much of his entire hold
ing.
leading engineer, when spoken to about
the route, said that q line such plated
had possibilities that very few people realize,
and that. by reason of natural obstacles, it
could have no possible competitor for Home
stead traffic. As now proposed q man could
live in Homestead and reach Fifth avenue in
less time than if he lived in East Liberty, and
at the same expense, and the same is true of
those who live in the remote and inaccessible
parts of the Twenty-thIrd ward.
A combination of interests embracing the
Pittsburg, Virginia and Charleston railroad,
Baltimore and Ohio railroad and the Second
Avenue Electric might have been made
month ago to prevent or very seriously cripple
this project, hut the ground is SO completely
covered now that the "Short Cut' syndicate
shuts out everything. 1t is not tha intention of
the company to deal in lands, and any pur-
chases that have been made were incidental to
rights of way.
1t is said that work will be commenced about
October and pushed rapidly. The connection
of this road at Craft and Forbes avenues with
the Duquesns Electric road pretty clearly fixes
the identity of the promoters. When asked
about the matter Mr.. Finn would neither deny
nor affirm the reports. and for the present the
public must wait and watch.
Business News and Gossip.
A Fourth avenue broker spent large part Of
yesterday looking mp small houses to fill orders.
He said he could rent 100 II he had them.
It was mentioned few days ago that Ger.
man church congregation was looking for site
for cemetery. One has been found that will
probably meet requirements and afford a
margin for speculation besides 1t consists Of
40 acres and is within the city limits.
The new Fort Pitt glass plant at Jeanette
will commence operations this week.
Paramount avenues being cut through the
Hugus property from Friendship avenue to
Penn. The deepest cut is about 20 feet.
Mellon Bros are erecting three handsome
Queen Anne dwellings on Mellon street. near
Margaretta.
n btIccb uuduCl6r salQ YESTERDAY.
There is no longer any fear expressed as to
immediate workings of the money market, 1t
is apparently an accomplished fact that the
Secretary of the Treasury will do everything
possible to avert any such spasm as took place
last week."
There is some talk of the purchase by a syn
dicate OF the Hubby residence at Williamsburg
for a hotel. 1t is well suited for that purpose
Charles Loxterman is putting up $4,000 res.
idence on Margaretta street, near Negley ave-
nue..
The most important of q mortgages on die
yesterday was for 100000. purchase money.
George A. Kelly, Jr., to B. Wolf Jr., ct al, ex-
ecutors. The next largest was for $500 The
smallest was for S2U0
From the way the savings banks are being
patronized It is evident that the Industrial con.
dition Of PIttsburg could scarcely be improved
upon. Two of these institutions in particular
were crowded nearly all dav yesterday
The Chicago Coal Exchange has resolved to
advance the price of coal so cents per ton on
September l.
Tomorrow being legal holiday in Pittsburg
and New York, market and financial reports
will be lacking. Other affairs will 60 on about
as usual.
Movements In Real Estate.
Concerning the reported sale Of the Splane
corner, one of the most prominent financiers in
the city said yesterday that he had personal
l. ,raIr a.,f &i.a