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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jul 16, 1889
Page
7
Receipts total 733 cattle and large sheep and lamb consignments. Markets show excess supply with slow demand. beef cattle and lightweight calves move slowly while heavy weights fetch limited prices. Trade activity mixed as buyers and packers stay cautious amid fluctuating farm prices.
Arrangements are set for a large export of cattle over the next three to four months as Nelson Morris borrows all outgoing steamers to Liverpool Glasgow and London from New York and J L Hathaway of Boston wires holds space on the Warren Hines line for July August and September Meyer Goldsmith of New York also reserves October voyage space. The influx stems from favorable prices at Curenco and a tightening European cattle supply. The first consignments from Piere Viveaux arrive today, nine carloads of steers and six of cows from Mingoville Mont.
Market report shows cattle receipts 2,100 head with dull trading and prices 10 to 150 lower than last week. Hog receipts 4,500 head with shipments 8,600 head and market firm. Total cattle shipments to New York and hog movements reported with overall activity noted for the period.
Telegraph reports mixed cattle receipts and sales with 105 carloads through and 10 carloads on sale. Prices show export heavy butchers, medium and light cuts varying, with steady to firmer hogs and slack lamb demand. weekly totals tallied around 4,000 head of cattle, 1,300 head calves, and 4,200 hogs across markets.
Chicago traders reported a firmer wheat market as the visible supply decline surprised. Minneapolis and St Louis receipts fell short of expectations, sparking buying to cover shorts. Prices opened higher, fluctuated, and settled modestly higher while corn and oats showed limited activity.
A stockholder asks about a Pittsburg Plate Glass Company remark on dividends, citing a $750 000 mortgage and a $200 000 prior loan, implying future dividends will be small until debt is canceled. The article notes rising mortgages, scarce six percent money, and ongoing building activity in Pittsburgh with plans for major demolitions and new development along Penn Avenue.
The Midcommer dullness persists with little action at the morning call and a wide bid offer gap. By afternoon Philadelphia Gas and Electric showed slight movement with few bidding changes, while Captain Barbour and others shifted minor shares as totals across New York markets remained modest.
The report shows a visible grain supply drop with figures cited for beat and decrease in bushels. Specific totals include 42 711 000 bushels, a decrease of 1 245 000 bushels, and 8 044 000 bushels, with another note of 3 000 000 bushels in a dated context.
Multiple property deals reported amid city transactions. James W. Drape & Co. closed the La Belle House gate on Smithfield Street for 80 feet near Water Street at 26000 with a 10000 mortgage on a city business property. Black & Haird sold Savinas lots 79 and 690 in Ward 27 to Jeffery Smuth for 500. Herron & Sons sold Lot 6 in Hoffman on Edgewood and a 10000 mortgage at 9 percent net on Oakland property. Frasier sold property at Forty-fifth and Seer resets near Tanase area with 60x?? feet. Leach unspecified sale details.
Saturday afternoon checks were consolidated to produce a Clearing House report with total exchanges at 2 48 625 65 and balances of 8 076 12. Other business hovered near Monday averages while deposits remained fair. Money in New York was easy with calls at 3 percent and loans 3 1/2 percent. Sterling steady around 4 86 for six days and 4 57 34 for demand. Bond quotes and clearings across major cities show varied but stable conditions amid ongoing monetary activity.
Market activity varied with yesterday stronger than Saturday yet below par overall. Traders voiced dissatisfaction with the new rules and exchanges may rescind them if quick improvement fails. August oil held steady around 92 cents, with limited trading elsewhere and about 900000 barrels changing hands.
Corrected daily market features by John M Darney and Co at 45 Sixth Street. Prominent mention of Pitwbarg Petro and related oil barrels.
National transit certificates opened with highest and fewest values noted. Shipments of 61,567 barrels are listed alongside open clearances and cargo movements. Report focuses on issued transit certificates, openings, and related values for that date.
The New York stock market opened higher with gains across most issues though intraday activity faded, foreign buyers and short-covering pushing prices up. Missouri Pacific showed a notable rise amid talks of rate improvements in the South, while grains and trusts posted gains before afternoon realizations trimmed some profits.
Two unnamed teams faced off in a chaotic match with scattered remarks and partial scores. The event featured mentions of Eastern WL Flint and Pere de, with references to B08 and Te. tse Geta Howland noting a sequence of plays and crowd reaction.
Closing quotations of Philadelphia stocks furnished by Whitney and Stephenson brokers at No Fourth Avenue. Members New York Stock Ex.
Judge Hawkins Henders validated the real estate sales in the estate of Mrs. Isabella W. Comingo, widow and granddaughter of Isaac Craig, clearing titles. The estate includes Center avenue and Craig street land once partitioned by Rev. W. B. Comingo, who died canoeing last year. Deeds issued over 15 months were ruled invalid prior to the order.
Uvertey at Erie hosts a brief session of the United States District Court with Judge Acheson in attendance. James Walters sues J C Herman for half an acre on Perrysville road Allegheny occupied by the de. County Commissioners awarded county printing, W P Bennett four fifths and T Best Co one fifth. Mapping of motion split between Bennett and J R Weldin & Co. W G Johnsten awarded the county books contract.
The French Senate passes a multi candidate bill by a 213 to vote. Bohemia reports show 71 Germans 70 Conservatives 4 Young Czechs and 4 old Czechs plus 4 bishops returning after elections. The Paris Med train collision kills or injures twenty panions. International Socialist Congress opens in Paris with 113 delegates including 82 Germans. Liebknecht argues unity of workers in Germany and France shaping a global alliance.
Washington Wells reports the Wiley well struck oil with 30 barrels per day after sand formation, while the nearby McKean De Normandie produced ten barrels hourly. An injunction action by William Wousettler was refused but required tank relocation and indemnity. Robbins' Martin Lustic gushers continue at 22 barrels per hour with prior high returns, and multiple town wells await sand this week. President grants respite to five murderers in Fort Smith case.
The German squadron escorting Emperor William will reach Dover on August 1 and move to the Isle of Wight the next day. The Emperor will stay with the Queen at Osborne until August 7 and review the troops at Aldershot on August 8.
A Salt Lake City special reports Mrs. Terry tried to light a fire with coal oil when an explosion started burning oil, killing her and her 13 year old daughter this morning.
Paris July 15 The Chamber of Deputies approved a bill by 461 to 12 authorizing a credit of 58 000 000 francs over five years for the construction of war ships.
Mr Lincoln U S Minister and wife dined with the Queen at Windsor this evening alongside Russell B Harrison son of President Harrison. The notice section promotes Beecham's Pills and Pans' Boap as remedies.
Market notes Monday slow for butter with abundant imports due to pasturage. New potatoes firmer. in‑season berries fair. melons rising in quantity and quality. Prices listed for creameries, beeswax, cheese, peaches, apricots, berries, currants, potatoes, poultry and more.
United States engineer officers report primary appropriations for next year Louisiana projects include Bayou Courtableau Plaque Mine Sabine Pass Calcassien river Sabine river Lafourche paw river Anute river Arkansas works list many river repairs and widenings Mississippi River Commission sees salaries surveys and condemn Congress for failing river and harbor bill jeopardizing ongoing projects and civilian payrolls.
In Craxmon on July 15 details emerge that farmers who accepted April offers bested speculators. Five new wells started in a month near existing sites with Piper & Co and Greenlee & Co each contributing output. one well yielded 80 barrels on first day, then 40 barrels, another near the original well shows active drilling with gas but less oil.
In San Francisco on July 15 the probate contest over the Blythe estate, valued at about four million dollars, commenced with over 200 claimants. Florence Blythe asserts illegitimacy, while Alice E Dickerson alleges Blythe recognized her as his wife. A separate note from Lowport reports no conference with Parnell's counsel.
The July report shows staple dry goods prices steady with medium and low brown and bleached cottons in small supplies. Cotton goods held overall firm but print cloths moved downward in price.
Capital of the institution is $100,000 with a surplus of $45,000. Deposits of $1 and upward are received and interest is allowed at 4 percent. Trustees.
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