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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 01, 1889
Page
3
A cool spell sustains fish and produce demand with steady prices. Florists report strong week long orders as spring blooms arrive, while poultry remains scarce and butter prices rise slightly. Fresh market items list prices for fish, shellfish, meats, dairy, and various produce including roses and peonies.
Market report from East Liberty stock yards noting receipts of about 400 head and total 2 206 head traded to New York. Prices show general market weakness with hogs down around one to ten cents and cars passing through.
Telegraph market notes show 1,680 bead of cattle and 1,940 calves sold with steady to firm demand for good beef and dairy stock. Prices vary by grade from common to prime, with hogs and sheep receipts and shipments totaling thousands. market strength fluctuates as buyers seek better offerings.
Chicago report shows early moderate trade in wheat with limited demand and discounts on July futures. Corn trading unsettled but rallied near session close while oats, rye, and hog products attracted little attention as weather and supply factors influenced prices across multiple grains and related commodities.
The London and Glasgow iron trades show a barely steady market with moderate activity. Steel wires and rails hold firm with steady demand, while pig iron, bloomery products, and other steel goods exhibit irregular pricing and cautious buying amid shipping-market softness.
Promoters of the Ridge Avenue Railway face strong public opposition and probable council veto as land values rise around Squirrel Hill Herron Bill and nearby districts. Prices cited include 11 acres at 5000 per acre and adjacent front foot values of 70, with Wilkinsburg water works land at 3000 per acre.
In yesterday’s market, gas stocks led with Philadelphia Gas trading around 31½ and Ohio Valley Gas at 33. Chartiers Gas bid at 4 and Wheeling at 3⅝. Electric bids hovered near 2 but stood a point higher, while rail traffic firmed with Central and Citizens’ bids steady and Pittsburgh sales holding 1–2 points above asks. Decoration Day activity encouraged extreme prices as traders resisted concessions.
Daily money market remained easy with routine business near average. Call and time loans quoted around 4 1 2 percent, average rate about 6 percent. Small-note supply ample, outlook hints large funds needed to move full business, signaling possible high liquidity needs ahead.
Fragmentary OCR data shows balances in various cities including Los Angeles New York and Chicago with figures such as 158,106,821 and 680,092 and mentions bullion withdrawals and francs. The text is garbled and inconsistent, lacking coherent context or complete values.
4 GOOD MARKET. OM Does Well at the Start, but Weakens Toward the Close. Communication with New York was cut off until just before the close leaving the boys to rely on self pointers. The Dolls Ran well with Hukill at 100. Other field moves were unimpressive. Corrected daily by John M. Oaxiey & Co. Prices and quotes from the Pittsburg Petroleum Exchange.
Bradford May 31 National transit certificates opened firm at 89 1/2 to 90 3/4 cents highest 90 3/4 lowest 89 1/2. Certificates again rose by May 31 and closed steady at 82 8/4 with sales of 857000 barrels. New York opened firm but weakened after early sales on Western Canada.
Realty firms report numerous transfers in West End and East End areas including Samuel W. Slack & Co selling Lot 66 on New York avenue for $100 to Robert Wayman, Reed B. Coyle & Co selling eight brick houses on Park Avenue for $16,000, and W. Drape & Co arranging multiple mortgages and land sales across McKeesport, Pittsburgh’s East End, and Squirrel Hill.
New York May 9 The stock market opened weak on crop damage reports from the West and gold export demand but recovered to close at day’s high. Northern Pacific and Union Pacific led a late rally as Chicago and Pacific shares fluctuated. Trading was light with most issues rising modestly after noon, closing active and strong despite earlier declines.
Mining stocks listed in New York show Amador at 100, Belcher 380, Best & Belcher 365, Bodie 175, Caledonia B H 273, California and Virginia 0, Union 12. Prices reflect the day’s trading and indicate market sentiment for western mining shares.
London and Straits market notes show copper dull yet firm with demand steady. tin quiet with steady bids in Straits trading. lead quotes firm with spot and three month futures around 890 to 1225 dollars. prices in pounds per ton indicate mild activity and some weakness in specific tin grades amid overall firm sentiment.
The market remains quiet with prices mostly unchanged as receipts reach 454 558 pounds in St Louis. New York reports firm wool with domestic fleeces and Texas Lagasse items. Boston notes firm demand for domestic wool but overall sales limited by scarcity of old wool and higher prices. Oregon and Ohio Michigan trades show quiet to steady activity. carpet wools and Montevideo sales cited with cautious pricing across regions.
The sale of flannels by Parker Weldon & Co. showed near twenty thousand packages with bleached goods valued at firm levels. Cotton goods kept prices steady with bleached shirtings around value as agents sold summer textiles and underwear. Overall, flannel sales opened near last year’s prices though demand remained steady and shipments continued to move.
Nathaniel Lyons reports a sea serpent sighting in the upper Hudson near Cold Spring. The retired boatman described a large scaly body arching across the river, a 25 foot rise, and a forked tail like a schooner sail, churned foam, then vanished after turning. He swore he had not been drinking on Sunday.
A consumptive sanitarium is planned at Reinickendorf near Berlin using animal association as therapy. A large cylindrical building houses patients upstairs while ground floors vent exhalations to upper rooms. A whey and buttermilk diet will be provided by boarders.
Real Estate Savings Bank in LI lists address 401 Smith Eld Street at Fourth Avenue with capital of 100000 and deposits and secured interest at 4 percent. James H. Aiken & Co. at 100 Fifth Ave appears in the fragment with related real estate notes.
Domestic markets show active eggs and butter with steady sugar and coffee. Strawberries flood Maryland and Delaware as crates flow into trade. new potatoes drift downward and apples stay scarce and higher amid broad produce price shifts.
Total receipts bulletined at the Grain Exchange list 42 cars, with consignments from Pittsburg Fort Wayne Chicago and Baltimore. Oats and corn volumes vary with small call sale of sample oats at 31340 spot. Flour quiet with potential price drop. cash buyers press for concessions on large lots.
Fragmentary OCR listing commodity grades and prices for feedstuffs including Middlings 13 percent, brown hay baled timothy, prairie hay and assorted No 1 and No 2 grades with figures like 15.00 10.50 and 8000.50, unclear quantities and locations.
Armour and Co publish quoted prices for dressed meats including beef carcasses with base ranges and unit terms. Details are partially garbled but indicate a list of price points and categories for beef products and related meat cuts.
A Manchester Courier correspondent recounts ascending the Eiffel Tower and describes mid ascent vertigo fear and a feeling of isolation. He notes the exposed edge, the tangled rails, and the panorama turning Paris into a sea of green and blue with distant smoke and an oppressive silence.
Maurice Jokai, close to Prince Rudolph, suggests Meyerling tragedy arose from the Crown Prince sacrificing himself to world peace amid bad public opinion. He cites two conversations implying love of family and a fatalistic interest in war's inevitability as supporting evidence.
A railroad man on a great line survives a train crash. He was mistaken as dead and laid out for doctors before a confession arrives from a nurse that his glass eye moved, revealing he is alive. The incident unfolds with comic irony as the patient reveals the truth.
The article cites Prof. John Stuart Blackie arguing Latin and Greek remain foundational to a well educated gentleman but most graduates gain little long term use from them. It notes remedies like Dr Jayne's Tonic Vermifuge as a tonic for digestive issues and general debility with worm terminators referenced for larger bottles.
Anheuser Buseh St Louis Budweiser and Anheuser beers offered in quarts and pints with liberal allowance for return of empties. Schlitz Milwaukee beers in quarts and pints including extra stout extra pale and Pilsner with empties return allowance. Scuverz Rexzienausex Co at 100 and 102 Market St cur First Ave listing brewery brands and return policies.
A Civil War memoir recalls an old lady delivering baked goods to starving soldiers near Richmond. A sibling pie, bought by several men, was later hidden from them as the vendor pocketed the money. The old woman hurried away with her wagon, leaving the soldiers and the crying child behind.
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