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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jul 18, 1889
Page
7
Supplies rise while demand weakens as prices slip 23 cents below last week. Wethers hold near prior levels with savvy holders profiting, hogs remain light in demand though heavy weights stall trade. Chicago receipts show prices higher than yesterday though overallmanners suggest softer tone for meat markets.
Cattle supply fair and prices lower across grades, with primes unavailable. Hogs light receipts but market active in lighter Yorkers, heavier grades easing. Sheep see heavy Monday receipts with market softer, prime lambs around 4 dollars and various grades priced accordingly. Veal calves quoted 11 to 13 shillings.
The Drover Journal notes extensive cattle, sheep, and hog receipts across multiple markets. Beef demand shows firmness for certain lots with mixed prices. calves and veals rise modestly while stockers and feeders remain variable. Hog and lamb prices show softer tone with regional shifts. overall market slow and demoralized in parts.
A compiled list of patents granted to inventors in Western Pennsylvania and Eastern Ohio for work ending July 14, 1880. Names, places, and fields include pressure gauges, metal forming, fencing, lighting systems, water motors, steam boilers, car axles, and various machine tools with assignees and locations such as Pittsburgh, Allegheny, Altoona, Erie, and more.
Chicago and Philadelphia markets show gains in wheat futures July and deferred contracts as rain and cloudy weather threaten delays in threshing. Kentucky and Indiana buyers reportedly supported July bids while corn and lard trades remain steady to weak, with prices overall firming on weather expectations.
New York reports modest gains in dry goods demand amid conservatism. More goods are selling than last year while markets remain active. Prices moved up with some items advancing to 4c per yard and others to a half cent.
Glenwood in the Twenty-third ward is drawing attention from home buyers and speculators. Local manufacturers scouted sites for plants and a future surge in large iron works is possible. A park near Squirrel Hill at $1,000 an acre is touted as a boon to the ward and city. Exposition funding is discussed as a civic booster and profitable opportunity for idle capital. Mortgage activity rises with 39 filings for record, including several above $1,000 and a $10,000 farm loan near Sewickley.
A Philadelphia trading day ends with ten Central Traction shares and little general activity. Brokers note buyers expect lower prices after a pause, with gas stocks leading bids and many issues holding firm or improving as investors await better conditions.
The record shows dull bonds data and state balances, with New York clearings at 122,023,550 and balances near 94,428,882. Chicago-M balance figures include 2,741,510 with other cities noting mixed totals and a Fah Lours-C clearings of 3,225,789 and balances around 1,000,700.
Petroleum dealers cheered a better market with higher activity and improved prices after new rates. A broker said the market shows renewed animation and expects further gains, noting a firm opening and a late spurt that lifted quotations above the day’s start. Corrected daily by John M Caney & Co reflecting closing prices across markets and transit certificates.
Movements in Realty reports several transfers in Pittsburgh and surrounding townships. W C Stewart sells parcels in Shadyside for 3000 dollars. Beringer & Son handle a Fayette county farm sale for 2500 dollars and a 2000 dollar dwelling mortgage at Bellevue. Pennock & Son close Mt. Washington lot sale for 00 cash, arrange 1200 dollars mortgage on Homestead property, and note other mortgages on Marshall township farm. Brape & Co place mortgage, Fourth Avenue broker sells 3800 dollar two story brick at 40 Pride Street, and May sells a four room house on Seventeenth Street for 3000 dollars. Business notes discuss Wheeling Gas dividends, La Noria stock, and traction bonds of 575000 dollars with investor interest mounting.
Fragmentary market note shows closing quotations from Philadelphia stocks and Boston listings, with broker Whitney & Stephenson cited. The text references New York Stock Exchange members, various brokers, and scattered company names amid garbled OCR.
Fragmentary OCR reads names and numbers with unclear meaning. The text mentions Alice Amador Bert Tate Sintra Ope Fiymouth Havage Sierra consolidated and figures like 100 and 290, but no coherent event or outcome is discernible.
Minneapolis dispatch notes the Northwestern Miller stating 11 of 16 active flour mills operated last week with average daily output near 19,000 barrels. Weekly total reached 112,000 barrels ending July 13, versus 405 barrels prior week and 181,000 barrels year earlier. Prices high and demand uneven as weather and crop quality affect milling and export prospects.
Passenger accommodations update for American Line sailing from Philadelphia to Liverpool with calls for Great Britain and Ireland, Norway, Sweden, Denmark. Route details unclear due to faded OCR text.
A dated price guide reports coffee options advancing five points in New York with firm late-pack quotes for green coffee and claims parity with Eastern markets. It lists values for Rio varieties, Java, Maracaibo, Santos, peaberry, and other nuts, fruits, syrups, and oils, alongside petroleum and lard oil figures and miscellaneous items.
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