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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jul 30, 1890
Page
7
A sharp rise in corn and other grains prompts talk of a speculative upturn, with analysts urging restraint as a near term reaction seems likely. Reports from mills, farmers near Clinton, and a Pittsburg trade view highlight rising prices, ample overall grain supply, and uneven regional yields especially for oats.
Office of Pittsburgh Disputes reports cattle receipts at 10 head with 22 head shipped, market steady at yesterday’s prices and no cattle shipped to New York. Hogs receipts 1,559 head with 900 shipped. market active with good demand. light, selected, and common to heavy hogs priced. Sheep receipts 40 head with 1,500 shipped. market slow at yesterday’s prices.
Summary of daily market receipts and price movements for cattle calves sheep and hogs across New York Chicago St Louis Buffalo Cincinnati with numbers for head shipments and per hundred weights. Cattle receipts show market strength in Chicago and St Louis while Buffalo and Cincinnati report varied activity and higher hog prices.
The report notes varied wool activity with Ohio, Pennsylvania, and West Virginia showing demand shifts. Michigan holds wool around 2c, while buyers push for 8c and 12c levels depending on grade. Territory wools are quiet, Texas fair, Oregon and California quiet, and foreign wool steady but firm.
July D-Pig iron in New York shows weakness with domestic demand dull and prices easing, as buyers stay cautious. Market notes indicate lead times lengthening and a softer tone across metals, with prices around $55.
Chicago wheat market showed unsettled nervous trading with sudden moves and a mix of gains and losses. Corn and oats softened amid weak offerings, while pork prices fluctuated irregularly and lard traded firmer after early declines. Western and New York reports varied, with mixed futures and cash prices across grains, oats, and provisions.
Real estate notes discuss the southwest corner of Fifth avenue and Wood street held by a Baltimore and Ohio Railroad ticket office. It is under a trust deed and cannot be sold or improved until the oldest heir, aged 70, dies. Despite high offers, the property will be sold or improved after the trust ends, with talk of a ten story building. Water shortages near Highland Park restrict deliveries to first floors within about 1000 feet, forcing top floors to rely on pumps. The piece covers mortgage gains, local market activity, and several property transfers in Allegheny and Pittsburgh, including notable buys and planned improvements.
The article notes a sluggish start from an indifferent crowd, but by noon 6,000 barrels changed hands and 3,000 more were unloaded before close. The day’s range spanned from 80 at opening to a low near close, with a single fluctuation. A broker referenced Bucke certificates and Lama listing, hinting at potential market reforms and carrying expenses if standards shift. Final actions expected today.
A corrected market roundup notes yesterday's oil price moves and notable shifts at the Pub and Pte Bixth Street station. Traders monitored crude pricing as regional outlets reported modest gains amid uncertain supply signals and local activity.
The record cites OY Markets small data on July Petroleum with opening at B8c and closing at 6c, noting sales of 29 000 barrels and charters of 14 288 barrels. Shipments total 118 067 barrels and 110 086 barrels moved by vans, with late prices reflecting movement and options.
A fragmented OCR note references a dull opening at Baie with unchanged conditions and weak signals. It mentions sales total around 60,000 and a closing session with some estimations but many words are garbled, leaving uncertain specifics and entities.
Stock market activity showed animation with light trading and firm prices. Philadelphia Gas led with a rise from 315g to 815g, Westinghouse Electric advanced to 42 and closed at 413g bid, while other gas stocks stayed largely unchanged. Rights traded freely and Airbrake, Columbia Oil, and Street railways attracted interest amid expectations of consolidation and regulatory uncertainty. Total New York volume reached 114,808 shares with notable listings including Atchison and Union Pacific.
A 6000 average checking was lighter yesterday than Monday reflecting typical Tuesday variation from Saturday sales. Exchanges totaled 7,529,406 with 31 balances at 209,401.56. Loan demand was moderate yet seasonal, borrowers easily obtaining acceptable collateral at 6 percent. Credit conditions remain favorable for trade with on call rates in New York about 3 to 4 percent. Sterling was quiet but firm at 4.85 day bills and 4.89 demand.
The report lists various securities and bonds including Union S. and Pacific items, Missouri and Oregon issues, and state bonds with prices and yields. It also gives daily clearings totals for cities like New York, Chicago and Baltimore, with cash balances and banking rates. Money on call stood at 6.7 percent on time, and New York exchange traded at par to 250 discount.
New York July 22 stock market shows regained losses with light turnover, bears shorting on the decline yet buying pressure from Chicago and New York. Sugar leads a rebound, Rock Island and St Paul rise, overall tone remains strong though prices move in small fractions and the list closes dull and stagnant.
The excerpt notes NYSE activity involving Whitney and Strotzson, longtime members based at 67 Fourth Avenue in Pittsburgh. It references yesterday’s stock movements and corrections to prior daily figures. The entry highlights firm presence on the exchange and ongoing market activity.
The official closing quotations for mining stocks in New York list values for Alice at 265, Adams Consolidated 106, Caledonia 196, Consolidated California and Virginia 865, Deadwood Territory 125, Eureka Consolidated 40, Homestake 100, Harpsilver 45, Mt. Diablo 200, N. Belle Isle 100, Commonwealth 250, Ontario 41.00, Pha bix Arizona 120.
Wheeling July 29 reports a tough railroad task along the Ohio River on the Bellaire to Marietta stretch. High river banks and solid cliff rock boven coal veins require blasting up to 25 charges to form the bed for the new line. After removing rock, coal is excavated and earth fills laid to support the rails.
Domestic markets show cereals rising with corn leading. Elgin creamery butter up, prices advancing. canned fruits drifting higher. Berry crop short, apples plentiful, vegetables mixed. supply tight for cantaloupes. Prices for milk, eggs, and other staples fluctuate amid sparse stock and renewed demand.
Not a corruption fund, says President Stuyvesant Fish, as Illinois Central plans 5 million in new stock to fund tracks, equipment, and a depot. He denies any formal offer to spend 1.5 million toward filling the lake front and notes treasury strength since 1860.
The item notes limited cotton inquiry and modest woolen trade with prices at full levels. Whisky market in Chicago shows firmness at finished goods prices around 119. Silver prices in London New York are listed. An untimely mention notes a death by own action and a patent remedy claim by Mack Drug Co.
Vintage family advertisement traces Castoria use from infancy to motherhood, claiming trusted relief for a sick child and continued comfort as children grow, ending with the product given to grandchildren.
Balas on call at the Grain Exchange with receipts of 46 cars. half by Pittsburgh Cincinnati and St Louis Railway and Pittsburgh Fort Wayne Chicago lines. Cereal prices trend upward with corn and wheat firm and oats softer than recent week, millfeed and bay rising. rye and flour show gains amid strong overall market tone.
A fragmented inventory of sugar cured hams bacon and beef items with prices and unit measures. Includes sugar cured California hams dried beef and bacon varieties with quantities such as half-barrels quarter-barrels and tins. Mentions heavy or family sized portions and rough totals in dollars.
The Monongahela packet line reported strong business with three boats departing and arriving ships such as James G. Blaine Elizabeth and Adam Jacobs from Morgantown. Davis Island gauge showed 2 feet 8 inches, rain local, and river near station. Several vessels listed for departures or repairs including Germania and Jacobs to Morgantown and Geneva Elizabeth.
Thirteen lives were lost in a Chesapeake Bay collision. Brooklyn’s alation is S577 with a 40.95 percent decade gain. Emin Pasha’s party suffers sickness and Emin himself is ill. Western Kansas suffers droughts and prairie fires loom. Warren, Wyoming postmaster asked to resign for selling stamps at five cents. Diplomatic whispers that the U.S. may annex Haiti or Santo Domingo. The Prince of Montenegro seeks indemnity from the Porte for Albanians’ outrages. Democrats back Judge Allen Morse for Michigan governor. Grand Rapids streetcar strikers win their demands and return to work. World’s Fair directors arrange exhibits for Jackson Park and Lake Front. Minneapolis census enumerators face $4,000 bonds awaiting jury action. Indiana faces crop and pasture losses from drought. Tea prices rise after silver bill passage despite heavy tea crops. Four hundred Armenians involved in cathedral riot arrests. Mrs York and mother murdered. Meeks charged. Ericsson’s remains to be sent to Sweden aboard the Baltimore. Porter arranging departure. Mitre leaves Paris. Knapp-Stout lumber official released. no evidence. A Cleveland man kills wife then himself after three years apart. Incendiaries set fire to Rev Plumb’s home. minister, wife and three children die. Battle Creek militiamen insulted by ladies. molders beat several men. A wealthy widow dies of starvation in Chicago. $60,000 will go to her Bavarian sister. Wallace property at Cour d’Alene valued. water failure worsens fire risk.
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