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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 04, 1889
Page
7
Hog supplies were steady with no material price change. Western beef and dairy items sold mixed as Chicago prices rose 15 to 25 percent but buyers resisted. Packers in Cincinnati and elsewhere reported losses, noting hogs remained overvalued all season and margins were nearly wiped out.
Market report from East Liberty stock yards notes slow cattle demand with 0 head shipped to New York, 1 020 head traded at unchanged prices. Hogs total 4100 head with shipments 1100, no market due to flood. Sheep receipts 2400 head, shipments 440 head.
Cattle receipts total 2 786 head with slow and lower demand for cornfed steers and cows. Markets show firmness in some segments, with hogs at 7 721 head and calves steady, while sheep receipts near 1 000 head reflect a shade easier market. Indianspolis report shows cattle quiet at 27 5 to 40, sheep strong and lambs around 5 dollars.
At a Board of Managers meeting the Women’s Exchange voted to dedicate fines totaling over $11 to the citizens’ relief fund. A donation box will be kept for clothing money provisions and materials for the committee. Several ladies sew at home to aid sufferers and volunteers hold ready to assist.
A garbled OCR of various matchups and individuals follows not fully legible. It mentions Evans Booth Flinn McClelland Kishor Chanent Philadelphia and several other surnames and organizations, suggesting a compiled card or notices section with names rather than a single clear event.
The text discusses how a reinforced system resists malaria and describes effects on muscles bones and brain. It mentions the body’s functions faltering under stress and likens the body to clockwork. It reads as a fragmented medical reflection on disease and physiology.
Traders noted a calm, firm mood with prices fluctuating within narrow bounds. Hog products weakened as liberal hog receipts rose but recovered to a degree before closing lower. oats and butter held steady with modest changes in price. eggs and cheese remained steady to firm while corn and oats showed cautious activity on potential exports and milling demand.
Yesterday's docket shows John Fox v Harmonring ejectment settled while P Haggith v Reymer Brothers rent suit proceeds. Trials include James Packer v Hutchinson landlord case, and Charles E Allen murder case postponed to next Monday. Voight embezzlement case set for Wednesday amid other settlements and docket actions across the Common Pleas and criminal courts.
Amid Johnstown’s catastrophe the community turned from business to aid as brokers and banks showed little activity and shoppers discussed relief efforts. A financial letter urges renewed auction sales of real estate through transparent pricing and confident bidding to restore popularity and trust.
No local stock transactions occurred yesterday due to brokers’ focus on the Johnstown disaster and personal ties, leaving markets thin amid wide bid–ask gaps. Some favorites showed strength while others like Electric 694 and Pittsburgh 41 traded weakly or were held, with limited afternoon activity and few decisive orders.
The oil market moved slowly with scattered New York quotations and a 25 cent premium. Opening at 62 cents, prices dipped to 51 cents then rallied to 86 cents before settling around 81 cents. Reports note the Smith well at Ninevah torpedoed with unclear results, Bushnell’s Salem Flack No 2 producing 159 barrels daily, and Forest Oil’s Kerr well drying after a strong gas find.
Corrected daily by John M Caxisy and Co. lists miscellaneous shipments and averages. Mentions New York Hermes London Antwerp and several firms with cryptic items such as refined materials. Includes scattered references to barrels calls and prices in a terse ledger style.
Reed B. Coyle & Co sold ten acres at Marion Station on the B&O Railroad to Charles B. Speer for about $20,000. Black and Baird transferred a two story five room frame dwelling on California avenue to John Alcorn for $1,925. James W. Drape & Co closed sale of a Roberts street house and lot for $5,000 and a 50 acre farm near Peville for $4,400. Samuel W. Black & Co sold a mansard brick dwelling on Sixth Street for $2,750. Other properties fetched $2,000 down payments and multiple 6 percent buyers in Wilkins and Maplewood areas.
Louisville and Nashville slide about 1 percent while other shares edge lower. Burlington shows a decline as western sources waver. The day sees few standout moves with most losses around one to four percent and Boston stocks listing scattered greens and reds amid thin activity.
At a Pittsburg Presbyterian Ministerial Association meeting the sole topic was a resolution condemning theater managers for opening venues on Sundays under the pretense of charity. The group deplores this as a deceitful claim to justify desecration of the Sabbath and seeks to curb the practice.
Rev J W Sproull compared clubs like the South Fork Fishing Club to saloon keepers forced from business by prohibition in a monthly Minister Alliance Association meeting. He urged denying dams and saloons as public safety measures with no compensation. J F Patterson elected president Nevin Woodside secretary. Next meeting in October.
The June 4 1858 market report notes quiet cereal trading with buyers dominant and prices steady for eggs butter and cheese. It lists plentiful potatoes citrus fruits and diverse groceries, including coffee, tea, sugar, canned goods, and dried fruits, amid a broad price spectrum and regional supply details.
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