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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 25, 1890
Page
7
A Pittsburgh notice extols the value of advertising and shares tips from Allston C. Ladd on crafting effective ads. It emphasizes short, customer minded copy and timing, then shifts to local markets for vegetables and poultry prices, Neville Island farming notes, and industry outlook for 1800s shoe firms.
The Live Stock markets report dull cattle trade in Pittangee Duraron with 360 head on hand and 100 head shipments to New York, while sheep receipts near 5 000 with steady to strong trends in Chicago and St Louis. New York notes steady calves and exporters buyers, with beef prices firm and lambs showing weakness. Transactions show varied activity across Indianapolis and Boston region markets.
Chicago wheat and corn show light trading with an easy tone and small rallies. July futures wobble while deferred contracts slip. Pork and lard demand steady to firm. coffee and sugar mixed. New York and St Louis quote lighter activity with varied futures and spot adjustments.
The market shows uneven demand with small lots for gales and barely steady tone. New spring Texas and California are quiet to slow while Territory and Canada offerings hold firm with modest price rounds for fine and combing wools.
One of the city’s oldest bank presidents predicts a robust summer economy with steady orders, strong discounts, and rising money use. He criticizes free coinage and urges full county inclusion in census to reflect Pittsburg’s growth and avoid credit loss. He notes Chicago and St Louis competition and outlines local investment and real estate activity, including street improvements and new developments on Fourth avenue and Morningside.
Brokers took few orders. market displays freezeout behavior with buyers awaiting a slump and sellers hoping for a rally. 8 abares traded with mixed results across Central Traction Pleasant Valley and Electric, while several others held near unchanged. 10 shares of Philadelphia Gas moved at 30 percent, and total New York stock sales included Atchison and Reading among others.
Trading and deposits remained strong with no backset, indicating vigorous business. Demand for money held at 6 percent, and exchanges reached 2,688,749 74 with 638,335 01 balances. Money on call in New York eased at 3.6 percent, prime mercantile bills steady, Sterling exchange quiet at 48 for Friday bills and 3.88 for demand.
Market report notes closing of bond corporations and regulatory references. Mentions Mutual Union, Northern Pacific line, Pacific Louisiana and Missouri Os, Tennessee sets, and various Gen and Procite notes. Includes Chicago clearings of 914.533 million and New York call loans at 5.4 percent with time at 6.7 percent.
Trading paused with no notable movement and about 6 000 barrels traded. Prices fluctuated within a narrow range as New York bids failed to absorb supply and local volumes closed near prior levels amid light activity across multiple markets.
Investors kept a bullish mood through the day as Chicago houses bought shares despite confusion over the Sugar Trust ruling. Missouri Pacific and Atchison talks stirred speculation of alliances while bonds were dull and trading narrow.
Mining quotations from New York on June 24 show prices for listed companies including Alice 250, Consolidated California and Virginia 475, Commonwealth 200, Deadwood 125, Imonte 100, Eureka Consolidated 80, Home Stake 1025, Horn Silver 225, Iron Silver 190, North Commonwealth 150, Occidental 125, Phenix Ariz 125, Sutter Creek 130, Union Consolidated 2.
A dispatch reporter visits John M. Oakley & Co. in New York to confirm a London based syndicate’s interest in American ventures. Oakley says they seek profitable investments showing 12 percent or more, with recent moves in Trenton potteries and a silver mine offered for inspection. The group demands deals of at least $100,000 and favors firms promising dividends.
An advertisement recalls a mother giving Castoria at every stage from baby to grandmother. The jingle emphasizes its use for illness in infancy, discomfort in childhood, and soothing effects for both mothers and their children.
Traders showed subdued activity in the stock market with Atchison Chicago Gas and Oregon Transcontinental among few movers. News of a Chicago Gas dividend sparked bullish sentiment, while Mexican Central and New England rose briefly. Sugar Hegerjes led the day with notable volatility amid overall cautious trading.
Domestic markets show dull demand for most cereals except oats while hay weak. Sugar prices drift lower as fruit and dairy items vary widely with apples and melons coming in, Ohio cheese weak, New York cheese firm, and butter prices firm to higher at headquarters. Cold storage prices rise and supply of potatoes, tomatoes, berries, and oranges fluctuates with firm notes for certain staples.
A detailed price listing for various meats and cured products. Items include large and medium sugar cured hams, sugar cured shoulders, skinned shoulders and hams, California hams, dry salt bacon, dry salted pork, sausage, and boneless hams with assorted container sizes such as half barrels and quarter barrels. Prices noted in cents per unit.
Cotton prices edged up as agents moved goods from mills and hands while demand grew for indigo blues and greys. The market remained generally strong with active demand for standard sheetings and drills and a steady woolen sector.
Pig iron, copper and tin prices are noted with doll numbers and lead quiet in domestic markets. Straits tin sits around 21.60 while copper remains steady amid Lake region notes.
A calm afternoon on the brown Monon with slight river declines. Ship arrivals and departures are listed along with crew and cargo updates, including changes in stewards and tows and letters awaiting pickup. Syrup of Figs is endorsed for health benefits.
Testimonies from hundreds of patients describe cures from catarrh and dyspepsia at the Catarrh and Dyspepsia Institute on Penn Avenue. The Allegheny county case of Mrs Josephine Myers details severe throat obstruction and neck pain relieved after treatment.
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