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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Mar 06, 1890
Page
7
A push to develop Highland Park includes a 160 to 200 acre expansion with a miniature lake from the old reservoir, a conctrete main drive, and a summer hotel. Stone residences rise in Duquesne Heights as building lots sell briskly and a Duquesne Heights business block scheme is floated.
A quiet trading day in New York stocks with activity concentrated in Pleasant Valley Railway Philadelphia Gas Allegheny Heating and related utilities. The market showed firmer traction among rails and gas stocks while natural gas issues lagged and insurance shares remained in demand.
Secretary Windom argues funds are sufficient for legitimate business and stringency stems from speculators. The local money market shows no striking change. loan demand fair, cash supply moderate, rates unchanged. Ex changes at 82 400 405 73 with a gap, money on call easy at 3 to 5 percent, prime mercantile paper firm, sterling exchange active, bonds featured.
Fragmentary OCR shows references to mutual union, northern pacific, Missouri, Oregon, Tennessee, and Saint Louis with numeric codes and stamp details. The text appears as a garbled ledger or telegraph-like transmission lacking coherent narrative. No clear event or subject emerges.
Trading showed volatility with prices hovering around 3 dollars then dipping after noon on Oi City news. Reports from Butler counts and Dambach farm forecast another gusher by evening while Eicholtz and Humphrey wells increase production. Several fields report pay streaks and promising outputs, including St. John No Lon and Connell No 1 in varied stages.
The report highlights yesterday's oil market features with corrected daily figures. It notes prices and refiners with limited legible references to markets in London and Liverpool, alongside speculative quotes from McGraw on price calls and pots.
Bradford report shows open at 2c, peak near 2 1 4c with high and low quoted. shipments around 66 510 barrels and 100 974 barrels for different days. New York market closes steady after slight dip, with opening at 9 240, high near 9 4c and total sales 417 000 barrels across exchanges.
Multiple property transfers across Allegheny City and Pittsburgh districts. Entries note parcels on Fourth Avenue Beechwood Wood Dibhrides and Somerset streets, with prices from 3500 to 15000 cash. Included are deeds by W F Hannett and firm sales by James W Drape Co and Black & Maird, plus mortgage arrangements by Alles & Bailey and others within the First and Seventeenth wards and Wilkinsburg connections.
The New York stock market opened dull with minor shifts except Reading and Sugar Refineries leading gains. Bears manipulated rates on exchanges. euro gold shipments to the U S faced delays. Reading fell from 604 to 96 on heavy short selling while Sugar rose toward 2 P. M. and closed higher.
The piece notes a 2 cent pound recovery from February through March after a period of tight money market conditions. It details earlier selling of bills as call loans hit 8 percent, then a stabilization that allowed exchange to rebound. It mentions Berlin based Deutsche Bank issuing 6 million in mortgage bonds and lists closing stock prices from the New York Stock Exchange with multiple named issues and brokers.
March 5 mining quotations list prices for multiple mines and metals. Notable values include Amador 100, Aspen 600, Comstock T scrip 2900, Homestake 7, Union Consolidated 230, Iron Silver 173, Mount Diablo 150, and Savage 155, among others.
In Scott Township March 6 there is no price change for Connellsville coke as demand remains steady despite large January shipments and ample stock. Production from Jan 4 to Feb 1 exceeded 650000 tons with Western rivals expanding ovens. car over-supply affects freight and idle works.
Local live stock prices fall as markets slow with cattle runs up to 90 loads weekly and most sales easing 5 to 13 cents from prior levels. Fresh cows and springers weaken amid broad surplus while calves remain in demand. Chicago receipts dominate, and frost weather hints at renewed activity despite weaker prices.
CATTLE receipts 72 head with 6% shipments. market dull. Prime 4 Wei 75, fair to good 3 7544 10, common 4 2548 50. No cattle to New York. HOGS receipts 2710 head. shipments 1900. market steady. Sheep receipts 1600. shipments 1500. market slow. prime 5 1 90. fair to good 50. common 2 50 3 25. Lambs, …
Telegraph data from Chicago plus Kansas City reports show cattle receipts around 16 000 head with a weaker market and hog receipts about 35 000 head with a shade lower prices. Sheep receipts near 8 000 with strong demand for natives and western cornfed lambs. calves firm with mixed values across weight classes. Kansas City and New York notes list steady cattle, lower hogs, and firm calves with variable lamb prices.
Wholesale dealer W G Cowin says hemlock lumber will cost $13 per thousand by month end, with pine also up after a snowless winter. About 275 million feet of hemlock to log supply short. logs hauled with difficulty increasing fire risk, and 300 million feet of timber tied up in Williamsport district forests.
Kendall of Heela South Dakota declares Chamberlain’s Cough Remedy the best medicine he ever handled for coughs and colds. He offers it in his Heela drugstore, asserting its effectiveness despite boldness of claim.
Malaria stalks Florida to Maine as mists rise from morass and fen. Hostetter's Stomach Bitters is advertised to render the aerial poison innocuous and uproot it from the system. Claim includes liver rectification, stronger nerves, and general fortification. Remedy also for rheumatism biliousness kidney complaints and dyspepsia.
Market activity mixed with fluctuations and overall softening. Wheat and corn moved within small ranges amid selling by foreign houses and local traders, while oats, pork, and lard also traded unevenly. Cash quotes show slight declines across grains, with futures easing in several contractions and diverse regional prices noted from Philadelphia to Minneapolis and St Louis.
The Dispatch notes a December to January currency rise totaling 24 500 000 and forecasts rail extension activity. A Duquesne Traction official says Wilkinsburg area cars may run by summer. Jay Gould’s health triggers market anxiety as Sprown & Lawrence report. The Kanawha and Ohio Railroad sold under Mercantile Trust foreclosure. Western rate war expands with a 5 8 percent cut to Kansas City and other Western routes. A deed closes the Penn avenue Garrison alley lot transfer to M Seibert & Co for a new one story office building.
New York market notes copper at Lake Michigan quote of 142 with lead at 3 and 234 domestic. Tin remains quiet and steady around 2000 in Strait markets.
Swiss cheeses show strong demand and higher prices with a firm market. Butter remains firm though bulk stock drags. Eggs are priced up due to cold weather while poultry and fancy apples attract active demand. tropical fruits and maple syrup outlook positive. Vegetables steady. various commodities priced across dairy, meats, produce, and canned goods.
Grain and cereal prices shown for carload lots on track. Entries include shell corn mixed with timothy hay prices, middlings, and multiple car shipments from Pittsburg Fort Wayne Chicago and other routes. Wheat flour and hay notes indicate scarce ear corn and high hay. roads hinder markets. prices listed by grade and origin.
Unclear OCR lists prices for hardwoods and lumber including black walnut and pine, with references to West Virginia and various board and plank specs. The fragment mentions common boards, planed and beaded ceiling boards, partition and flooring materials, and factory-scale lumber terms.
General Superintendent Joseph Wood of the Pennsylvania Company orders the abolition of the Superintendent of Transportation titles for the Chicago St. Louis Pittsburg and Pittsburg Cincinnati and St. Louis lines. Reports will go to Columbus then Pittsburg, with Church Yardley and a 35 person staff moved to Pittsburg. Change slated this month. Horner resigns. Church may relocate his family to Pittsburg amid unconfirmed reports of influence behind the transfer. A Tennessee man endorses Chamberlain’s Cough Remedy.
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