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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 05, 1890
Page
7
East Liberty yards report total cattle receipts about 1105 loads this week, with market slow and prices down from last Monday. Sheep and lamb offerings around 40 carloads. hogs light and prices soft, calves plentiful but not rising, drover profits minimal amid liberal buyer concessions.
Market updates from East Liberty stockyards show cattle receipts at 1 300 head with 1 260 head sold as slow. prime 490 to 510, fair to good 424 to 465, bulls cows and stags 2 063 shipped to New York. Hog receipts 1 650 head with 1 000 head shipped. Yorkers 3s to 4s. hogs to New York steady. Sheep receipts 2 500 head. prime 2400. common 2s. spring market activity described as weak.
New York Beeves steady around 7 50 to 7 75 per hundredweight with heavy receipts. shipments today 440 beeves and 30 percent beef quarters. Chicago cattle receipts 1 000 loads with shipments 8 700 head. market steady and closing weak. St Louis cattle active and strong with good to fancy native steers around 8 40. Hog receipts at Chicago 6 480 head with market firm around 10 0 to 10 5. Sheep and lamb markets show varied demand across regions with mixed prices.
Ken Onneans reports the death of Mandeville De Marigny, aged 80, heir of Louisiana’s prominent De Marigny Creole family. Once marquises in France, the lineage traced to New Orleans’ founders and the plantation era, with the family among Louisiana’s wealthiest. The De Marignys hosted Louis Philippe during exile, the prince honoring the family as a courteous guest.
Arnall Dragginis Mack Drug Co sells Aften Hamburg Figs claimed to cure severe constipation and indigestion and prevent recurrence with occasional use, distributed by N. Treu.
Chicago and St Louis reported moderate business in wheat with a bearish local crowd. Prices edged lower across several futures while oats and pork showed uneven demand and fair activity in land and short ribs amid steady to higher tones in later trading.
Market notes show pig iron prices holding steady amid quiet activity. Traders report limited domestic demand and subdued bidding while costs for key materials and freight remain firm.
The Jones Woolen fabrics firmed with firmer clothing wools and full price realized, contrasting with earlier weakness of around 10 cents. No new feature or incident noted in the market today.
Mike Haley halted a likely Union Pacific collision near Summit between Omaha and South Omaha. Returning home he saw two men unlock a switch and alerted the 12 coach flier as it began to depart. Trainmen were warned just in time, preventing a major catastrophe.
Real estate activity accelerates with two major deals surpassing $50,000. Black & Baird sold a stone house on Linden avenue above Penn for £26,000 amid transit expansion plans by Duquesne Traction. Ramone! W. Black & Co. handled William Stanton estate in Sewickley near Quaker Valley, valued about $25,000, signaling revival in that area. Brokers predict steady summer demand, with mortgages and minor price gains across districts.
A dull session with 190 shares traded in a small local deal. Mixed results included minor gains for Enterprise Savings and Philadelphia Gas while Electric, Tractions, and others posted fractional advances. Market trends pointed to a cautious tone with bears active but some strong moves by Mexican Central and Sugar amid broader earnings chatter.
The report shows fair demand for cash and ample supply with fair volume in checking and depositing yesterday. Discounts held to average levels with sufficient funds. exchanges nationwide totaled 2,688,463.14, with balances at 885,911.25. Money on call in New York remained easy around 4.6 percent, prime mercantile paper steady, sterling at 4 for 0 day bills and 4.45 for demand.
The oil pit opened strong for East and West but turned bear as New York and Oil City shifted sentiment. The close weakened, with opening 8744, high 89 cents, low and close 8644. Broker notes Allegheny county development quiet and predicts few big wells remain.
Bradford reports petroleum opened at Stige with highest 84 cents and lowest 76 cents, 762.00 barrels cleared. Om City notes open 86 cents highest 46, closing 86, shipments 120,084 barrels, runs 151. In New York spot steadies at 51 1 4 cents while July weak at 87 1 4. total sales 385000 barrels.
Washington field notes report Donley No 1 drilling above the fourth sand with high interest as old wells around it may be deepened. Le Moyne No 8 yields about 60 barrels from Gantz Maurer Kirk Langta while Horn lot is a small pumper. Gordon No 10 down 450 feet. Moninger wild cat due end of week. Hart Bros rigging Nos 4 and 5 on McDaniel. Schmitz Stevenson Darrah well near end of life after oil over 3,000 likely legal dispute over funds.
The stock market remained feverish and irregular with many listings altered from last evening as Derby day influenced London activity. A few issues proved vulnerable and traders highlighted the effects of limited material support on price movement.
Reports show the George Lisle arriving in Louisville with coal and several other boats passing down river. The piece notes Captain Henry Hra shears mother died in Madison and lists various river operations, man’s experiences, and a medical advertisement for Dr Jayne's Expectorant.
Local ledger notes Capital $100000 Surplus $61500. Deposits of $1 and up received at 4 percent interest. Contains unclear references to financial details and a drug warning fragment mentioning antipyrimorphine and headache capsules with an offered reward of $500 for tracing.
Pittsburg Dispatch reports Strawberries arriving in large quantities but in bad shape while choice berries are in demand and scarce. Dairy remains unchanged with New Ohio cheese likely to drop soon and butter dull. Vegetables are plentiful, laboring toward lower prices as fruit markets show firmness in prices for lemons oranges and bananas. coffee and sugars show firming gains amid active general groceries.
Demand remains active while prices stay unchanged. Recent road improvements boost trade as Hemlock lenders report steady activity. Quartecel oak and walnut show pricing pressure with mixed quotations and cautious market tone across the region. Reports list various species with per unit quotes and availability, noting planed stock and rough timbers in supply.
A derailed freight train near Dubuque Iowa killed the brakeman and fireman. The incident follows storm damage and widespread disruption as investigators probe cause.
Customs inspectors on the steamer Umbria seized two trunks reported to belong to John Mc Keithney of Chicago. The trunks contained smuggled silk goods with an estimated value around 32,500 dollars.
Harry Anderson alias New York Shine, jailed on suspicion in the Mrs. Rudert murder at Tarentum, is forwarded by Magistrate Gripp to court on a charge of stealing a guitar from a Water street house.
Grain, flour and feed on call at the Grain Exchange with sample corn cars from Tu¢c Bic and Myce noted. Receipts total 41 cars, led by the Pittsburg, Ft Wayne and Chicago Railway with hay, oats, rye, malt and flour. Drift of grain and hay downward. wheat prices also lower. Market activity tame, with concessions and weak buyer interest across cereal lines.
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