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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
May 05, 1892
Page
3
Cattle sales exceed 90 loads at East Liberty yards with higher Western prices though local buyers faced declines. Top cattle reached 65 dollars per head while hogs and sheep lagged, with markets described as heavy and slow despite improved cattle quality and stronger Western rates.
Receipts show 470 beeves and 3451 quarters of beef with 36 cars for scale and cattle prices steady to firmer. Hogs and sheep receipts mix. dressed lambs firm. steers, cows, and calves vary by region with overall slow to steady demand and prices. Cincinnati reports slow hogs and steady cattle, with sheep weaker and lambs mixed in the late trading.
See Cattie Sees 5 640 head market active and 10 150 lower common to fancy steers. Hogs receipts 4200 head market firm light 30 40 heavy. Sheep receipts head market slow natives 4 50 4 60 Westerns 4 50 lambs 4 50 5 0.
Chicago trade shows a dull session with limited outside support and firmer cash values. Wheat edges higher on favorable crop news while corn strengthens on planting delays. markets close near session lows with subtle losses and light activity across oats and hogs.
A syndicate led by a former public school principal completed the largest real estate deal in Wilkinsburg history, paying 135000 pounds for about 30 acres with a stone mansion. They plan likely subdivision for high class rural homes, with the sale signaling market confidence and strong investment interest amid rising prices and new building activity across the district.
A historic advertisement extols a versatile remedy claiming many cures and universal usefulness for families and travelers. It asserts the product offers unmatched benefits, with a price of 25 and 0 cents per bottle sold by druggists. The claim emphasizes availability and indispensability.
Local monetary matters improved yesterday though demand for funds stayed light. Banks reported clearings at 2 647 730 65 and balances 457 408 67 with rates unchanged around 5 46. A cashier cited strong business volumes and small profits while noting widespread cash and timely mortgage payments. Sterling exchange remained steady around 4 50 for 60 day bills and 4 88 for demand.
New York clearings reach 135 462 914 with balances and 15 115 860 balances. Philadelphia shows 15 486 878 clearings and 1 000 114 balances. Baltimore displays 2 900 036 clearings and 341 595 balances. St Louis reports 900 859 clearings. New Orleans notes 1 340 220 clearings with premium per 1000 and per 1 000. Exchange activity in New York and discounts noted.
Money quiet at 5 4 per cent, Exchange on New York premium. Bank clearings, $21,906,603. New York exchange firm at the premium. Chicago money only at 6s 6d per cent.
Brokers at the Exchange reported dull trading with no sales in early calls. Manchester Traction and Philadelphia Gas showed activity while Airbrake rose to its best level in years, aided by talk of an extra dividend. Easy money nationwide was cited as boosting sentiment, with some brokers urging Bulls to push prices higher.
The New York stock market showed no sign of exiting stagnation with dull late trading after an initial wobble. Reading, Atchison, New England and St Paul led activity while Cordage and Missouri Pacific rose on short interest and light volume. Bonds attracted steady demand and total trading reached 191,592 shares with Wabash and Atchison issues among notable sales. comprehensive prices for active stocks were corrected daily by Wijfry & Stephenson.
A list of mining stock quotations from New York shows Best & Belcher at 200 Crown Point 115 Consolidate California and Virginia 3 Eureka Consolidated 125 Hale and Noverveas 120 Homestake 1350 Horn Silver 300 Mexican 130 Ophir 210 Savage 120 Sierra Nevada 110 Standard 135.
Bar silver in London rose and thousand ounce measurements showed gains while New York dealers quoted higher per ounce prices for silver as market activity remained firm in early May trading.
The Laomb er trade opens slow with prices lower than a year ago as strawberries arrive from Tennessee and eggs stay firm. Butter and cheese are plentiful while new vegetables and fruits flow in, with bananas and other goods moving in larger quantities and overall trade showing strength in dairy and produce despite a slow pace.
Ohio and Pennsylvania railcar reports show mixed grain movement with hay corn rye flour and wivent on track. Cereal markets remain favorable to buyers while millfeed remains the weak factor with prices per ton down from early spring peaks. Wheat rivals flour and flouring mills say current wheat prices cut production profits.
New Year pricing shows Pig Iron steady at $475.16 per ton, Copper at $1200, Lead at $40. Domestic, Straits tin quotes range from $20.45 to $20.55, with market notes on small shifts. Prices reflect early May trading trends.
Wool markets report receipts totaling 74,000 pounds with no shipments and overall market quiet for best grades while low qualities remain dull. Turpentine markets in New York show rosins steady and the turpentine trade calm and unchanged.
The text touts a grand river voyage aboard a liner heading outward. It promotes Hostetter’s Stomach Bitters as a trusted aid for seasickness and travel sickness among emigrants travelers mariners and tour ists, claiming it cures nausea biliousness dyspepsia rheumatic pains and kidney inactivity.
An encouragement to try Chamberlain's Pain Im for rheumatism claiming quick relief. The ad appeals to readers to give it a chance and observe reduced pain with use, noting it is sold by druggists.
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