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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jul 17, 1889
Page
7
May and June saw strong export demand for pickled pork and English and Irish cut meats, with volumes 25 percent above previous May June norms. Since July, trade cooled, futures activity centered on January, while analysts warned against a renewed bull run in provisions and noted high hog costs cutting profits.
Office notes from July 16, 1880 report cattle shipments 180 head with 200 head offered. market slow with no cattle shipped today. Hog receipts 1,000 head, shipments 1,100 head, market firm. Yorkers Philadelphia hogs 475 to 6465. shoulders show mixed prices. Hogs shipped to New York today. beef sheen 2,200 head, market slow and unchanged for good common lower than yesterday.
Kansas City and St. Louis show mixed receipts with cattle steady to firm. Hogs across regions hold near steady with light shifts in prices. sheep and lamb markets mixed, some sales active, others unsold.
Wheat gains on speculative demand and smaller arrivals at key markets. Corn oats pork and lard trade show firmer tones with varying sessions. receipts and futures shifting, while prices close higher for wheat July. Local and national markets reflect stronger buying and uneven supply signals across St Louis New York Philadelphia and Milwaukee.
The Board of Review and Equalization concluded they could not assess wheat in store in elevators under Judge Seagrave Smith's decision in the Eugene Wilson case. They must locate ownership of the wheat on May but could not determine it.
New York on July 16 saw petroleum open at 2c, slide after initial trades, then rally as strong buying pushed the market higher. The close stood at 2g¢c with total sales of 229,000 barrels.
The writer recalls crossing from Presidio del Norte into Mexico by bond and examination at the Custom House. San Cortes silver mine is described as highly prospective with a large ore mass and analyses by Dr. Newberg. They visit Marsac and Ontario Milling Companies and compare California and Texas climates and conditions on a southern U S journey.
A subdued session at the stock exchange saw broad weakness with few leaders. Philadelphia Gas fell to 9.04, La Noria hovered near 1.44, Wheeling Gas declined from 9 to 4.4, and Electric traded around 4.94 before a 0.44 rise. Traders noted cautious bidding as brokers forecast a La Noria rally.
A garbled OCR passage lists railroad lines and cities including Northern Pacific, Union Pacific, and Missouri, with scattered abbreviations such as Tenn and Ge. The text references miles or routes and includes stray initials and numbers, giving a snapshot of a transportation or railway directory fragment without coherent narrative.
The ofd market yesterday showed more animation with expectations of higher values and outside support. Traders forecast a permanent improvement as rules may or may not be rescinded, while afternoon trading included some upticks amid attempts to spark a brief New York boom.
Freee LM Pennock & Son complete multiple mortgages in Thirteenth ward Leet township and First ward with six percent terms and settle two Bedford avenue lots for M Hay estate to M Winklemann for 2500 cash. Reed B Coyle Co auction six Marion station lots at about eight per lot. 164 Fourth avenue sells mortgage on Herron avenue Thirteenth ward at six percent. Black & Baird sell three acre tract for 10000 in Thirteenth ward bounded by Madison Monroe Jefferson. L O Frazier places 2700 mortgage on Ninth ward property for three years at six percent. Samuel W Black Co sells Blair estate lot on Second avenue and another on Melwood avenue Denny plan Thirteenth ward to Tuell for 314. W A Herron & Sons sell Fifth avenue Shadyside lot for 5400 cash.
Real estate remains in demand with several sales reported. Gas stocks show weakening trends with Electric shares trading softly at small concessions. Bridgewater Gas announces new officers including President Henry Hice and Vice President H C Fry, with directors W L Standish A P Scaife and others, Geo Wattass named Treasurer and F L Stephenson as Secretary.
Hon Jonx P Erxis of Indiana Pa visited the city yesterday. A list shows about 40 persons went to Lake Chautauqua. Chas Hoffman's appointment as Building Inspector is reportedly approved by Chief JFF. A rose fete at Blover Lake Grove was noted. Groner Smrxiss and wife sued Samuel Jones and wife for 2000 dollars in a slander suit. Michael Nichalous, ex McKees wort merchant, found a silver mine eight miles from Idaho City yielding over 50 dollars daily. James Roppears died in a wagon accident. he had heart disease and was brother of Alderman Rogers. Marie Weenb, Cartwright, and Gertrude Briggs, visitors from East Liverpool, viewed the ferry and exchange. County Controller Speer returned to office after two weeks illness. Governor Sexo Mape ro of Coahuila Mexico and family passed through en route to New York for Europe. Charlie Howe was taken back to bed by Mrs C V Sheriff. G A R ladies cared for him after an accident. Attendance at Butler Street M E Sabbath school remains high. 75 teachers needed. Many have left for summer. Sabbath lessons shifted to De ton. Mr H K Porter Rev Dr Wilson Rev Dr Kumler Dr Purves among speakers.
A fragmented catalog shows green coffee trending upward with dealers ready to fill quotations. The mixed lot lists dozens of goods from coffee and sugars to syrups, dried fruits, salts, baking supplies, nuts, and canned fish with varied prices and brands across multiple vendors.
In Michigan near Three Oaks the Sebring family including Horace faced poisoning symptoms after supper on Friday. Officials note Horace refused tea and was not sick, while motive cited links to inheritance of a farm left to him. Wool markets report firm activity in New York and quiet conditions in Philadelphia and St Louis with receipts at 433 pounds.
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