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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Aug 30, 1889
Page
7
The Trend of Trade reports active hide demand yet weak general cattle price levels. Large weekly receipts, especially from Chicago Ohio and Indiana, pressured markets with many low grade offerings and few high grade buyers. Hides remain firm for heavy steers while beef cattle trade shows broad softness and unsettled margins.
Cattle receipts 63 head and shipments 700 head with no prices movable as no cattle shipped to New York. Hogs about 2000 head with market fair and light Yorkers around 80 dollars. grassers around 40 to 45. Sheep receipts 1000 head with demand low and unchanged.
Cattle receipts vary across major markets with New York and Kansas City showing weak to steady price shifts. Beef and veal demand softer in places while shipments rise elsewhere, with western calves and steers trading around listed bids and ranges amid overall market volatility.
Chicago and New York market notes show a nervous wheat pit with frequent price swings and a broad but not wide daily range. Reports cite private cables on seed congress and a tightening world supply, while corn and other commodities trade firmer early then ease, with stock and port activity continuing amid variable futures.
The Dispatch reports on a Pittsburg financier’s anecdote about his great grandfather who moved from Scotland in 1798 with 506 guineas. He refused a land bargain, fearing gold scarce, thereby missing a fortune. The piece links this to a broader view of market foresight and opportunities.
The market saw an attempt to push La Noria stock down via large blocks from F D Morris Co at 14. Bailey and McKelvy countered by buying all offers, stabilizing the price. Afternoon trading showed 13 1/2, while Philadelphia Gas held firm around 87 3/4 and Electric around 54 to 62. Monongahela National Bank rose to 10. Tractions drifted with little buying or selling. Additional inquiry appeared for Switch and Bi nal but yielded nothing concrete.
August 2 reports steady activity in drygoods at both first and second hands. Second-hand trade remains fairly active with even demand. market unchanged with no notable incidents. Bleached goods in lighter supply. Clothing fabrics and dress goods attract attention amid mixed tones.
Haven Putnam, secretary of the American Copyright League, reports the league will again appeal to Congress. Telegram from Washington says league committees will be convened soon to plan measures. Display ad notes pattern sales at eight and ten dollars and lists the location at C. C. on Grant and Diamond, opposite the Court House.
The report outlines varied activity in New York stocks with volumes across several rail companies including Delaware Lackawanna and Reading. Notable figures show Northern Pacific preferred at $6 and Missouri Pacific around 4,000 shares amid broader totals near 9 yester ny ve 241,690 shares.
Unemployment funds in Pittsburg rise slowly while money flows remain calm. Clearing figures show $1,814,417.11, balances $540,982.84, with currency and exchange about even. A money expert says the East tight money scare faded, markets steady, and money easy for the rest of the year. New York money on call easy at 214 percent, mercantile paper firm, sterling quiet at 4.60 for 60-day bills.
Bond offerings yesterday ranged from 128 to 144 per cent registered with $12,500 note in New York clearings totaling $117.16 million and balances of $11.52. The Bank of England weekly report shows a drop in bellion funds while Bank of France records a 4.23 million franc rise in gold with silver down.
Oil trading showed small price fluctuations with activity concentrated in early and late hours. Prices moved from a steady start to a high, dipped on Antwerp refine news, then recovered into the final minutes amid several sales. Corrected daily by John M. Oaxiey & Co. Pittsburgh.
New York August 2 petroleum markets show opening strength and a steady close. Total sales reach 396000 barrels with notable shipments and various price movements across different grades and grades.
Real estate transfers show multiple parcels changing hands in the city and wards. Properties include a Park avenue house sold for 3000 dollars, a 400 by 160 foot Roup Street lot for 7500, and a 21 by 182 foot Allentown station area plot for 250, all involving buyers and sellers such as J. & Turner, C. G. Clayland, and Samuel W. Black.
A dense stock table lists securities with figures like New Trust 2, Caledonia, Commonwealth, and Ward Consols. Entries include Ontario 9400, Ophir 258, Sierra Nevada 410, and Yellow Jacket 20 pounds, reflecting a fragmented market snapshot.
Residents of Youngstown Ohio sue Bridgewater Gas Company for 150000, alleging cut off of natural gas supply. Report notes shaky start for La Noria then steadiness, with other historical financial items including railroad earnings and mortgage details.
The August 2 New York market opened quiet with moderate volume. Seven stocks carried over two thirds of total business, while rumors swirled about discounts, industrials, and potential new alignments involving Gould, Huntington, Atchison, and Missouri Pacific.
Market reports from St. Louis indicate a quiet wool trade as buyers and sellers weigh demand. Local dealers note subdued activity with prices stabilizing and limited consignments entering the market.
News brief reports E. Sloc of Prospect New Jersey falling from a balloon in a county unknown, suffering a brain concussion likely fatal. In Sackett Harbor New York the village business section burned Wednesday night costing about 40000 with no municipal fire department. Madison Barracks regiments aided with a hand pump saved remaining structures. Also noted: Russian Prince, a 2102 ton ship, arrives Baltimore to load 20 000 barrels of oil for Europe. a German farmer swindles liverymen in Northern Iowa posing as Orange County dairy heir. Maryland Republican clubs urge repeal of civil service and patronage rules.
A garbled OCR snippet references a medicine bottle and syrup as a remedy. The text is incomplete and provides no clear event, date, or named entities beyond general product mentions.
The dispatch notes subdued trading across country produce markets. Fresh eggs fetch outside quotes while dairy stays steady. peaches near season low as ripened fruit floods the market. Bananas and watermelons move slowly amid ample supplies and soft demand. overall trade remains weak with many lines easy and prices unsettled.
Receipts listed at the Grain Exchange show cars of corn oats wheat and hay from routes including Pittsburg Cincinnati St Louis and others. Flour prices edge under quotations with multiple wheat and flour grade notes. market activity hints at looser purchasing and tentative price adjustments amid mixed commodity offerings.
The old firm J. B. Grimes & Co. with 30 years in business failed after a syndicate in West Union and Cincinnati used bank funds for tobacco bets and wheat speculation. A run drained the bank. about 70 000 dollars were lost and the assignees expect to pay roughly 50 cents on the dollar to depositors.
New York August 29 Alderman Patrick Napoleon Oakley introduces a resolution asking the New York Central and Hudson River Railroad to refuse passes for Board of Aldermen members of 1889. He denounces passes as bribes and says such favors hinder justice to constituents. Vote: 12 to 8 in favor amid faint voices.
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