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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
May 20, 1891
Page
7
The piece reports a bicycle boom with high demand for safety wheels, pricing, and riders across cities, including children and preachers, while Elgin butter syndicate shifts supplies triggering sharp losses for local dealers. It notes trust tactics, market volatility, and rival sentiment amid trade tensions.
Pittsburg remains strong in real estate with active use demand for BP properties, limited speculative buying, and a market resilient to disturbances. Notable activity includes large lot sales in Elwood and Kensington, new church construction in Washington Pa, and several building permits in the city. A silver pool venture in Paris and rising coal land sales in Washington County accompany market highlights.
cattle receipts 40 head. market very dull with first prices off from yesterday. sheep receipts 4200 head. shipments 30 percent. market very dull and 10 20 off from yesterday. no horse shipments to New York. Philadelphia best Yorkers and mixed 24 90g 5.
Market receipts across multiple regions show cattle and hogs steady to lower with mixed demand. Slaughterers and exporters dominate trade as bundled shipments and feeble prices persist amid uneven regional activity and late-hour sales.
In Catcano on May 19 speculation on the Board of Trade was dull and price moves were narrow. Wheat showed stubborn strength resisting several bear attacks and was aided by gains in corn as the market maintained an undercurrent of firmness.
A historical note extols the pleasant effect and perfect usefulness of the liquid trat laxative and Figs for ladies under all conditions. It highlights eye appeal taste and gentle yet effective kidney liver action.
Local banks report ample funds while demand for mercantile and manufacturing accommodations rises. Cash sales and country collections are fair, with bank clearings nationwide totaling in the millions and various exchange rates showing modest weakness amid gold movements and war-avoidance comments from European financiers.
Feverish trading opens with weak New York action while London remains firmer on anticipated end of U.S. gold shipments. Traction shares attract buyers despite modest home market features with Pittsburgh interests pushing development and earnings potential. Total New York stock sales reach 336,037 with listed movers including Atchison Reading and St. Paul among others.
May 19 New York traders faced a bear bias despite hopeful London cues as gold shipments persisted. Stocks opened up briefly but declined, with Missouri Pacific and Northern Pacifics hit hard. Bulls blamed money tensions and time-loan reluctance while foreign markets buoyed some issues, and the day closed quiet yet firm with modest gains and notable losses in rail shares.
Mining stock quotations from New York on May 1 list Adams Consolidated 110, Colorado Central 100, Homestake 1000, Horn Silver 300, Iron Silver 120, Ophir 450, Ontario 800, Peeaclidated? and Virginis 950, Deadwood T. Gould and Curry 225.
New York trading opened steady and closed steady with small gains across some months. May contracts advanced up to 5 points while July and October showed minor moves. Rio spot market remains dull with fair cargoes and small price adjustments noted in the report.
The passage to Parkersburg requires river navigation as the government dredgeboat works near the railroad bridge. Marks show 5 feet on the wharf while rivermen face ongoing trouble from the bar.
Proclamations in Port au Prince and various brief notices roll in from across the nation. Firefighters injured in New York blaze. a major mine shooting near Leavenworth. four Newark men drown in the Hackensack. El Sol breaks New York New Orleans record. and key political and legal developments including Chicago rail indictments and Milwaukee graft impeachment moves.
John Mensdorf filed suit against the Physicians' Protective Association of Sharpsh and Etna and listed nine physicians alleging they harmed him by placing his name on a delinquents list and withdrawing medical services. He seeks $10,000 damages claiming loss of medical care and damage to his credit and integrity.
John Cudahy a Chicago and Omaha packer has bought for $600,000 the sections adjoining Armour Swift and Morris land at the head of Lake Michigan in Indiana. The parcels will be used for stockyard purposes.
Markets show wheat and hay upward while eggs firm and butter weakens. Prices for country rolls mild, creamery butter declines amid lingering market glut. Strawberries receipts high, pears steady. stock feed and poultry items listed with varied prices. Prices for vegetables and dairy appear unsettled as week progresses.
The report notes active movement in the line with no price changes. Commodities span coffee, Rio varieties, nuts, dried fruits, syrups, oils, and canned goods. Included are specifics on prunes, peaches, cherries, pecans, sardines, and mackerel with varied packaging and quantities across regional markets.
Grain, flour and feed sales on call at the Grain Exchange. Prices show no advance as cool, wet weather weighs on values. Wheat No 2 red at 1.12 to 1.28 per bushel. corn and oats mixed bids versus asks. receipts listed from Pittsburg, Ft Wayne and Chicago Railway and others, totaling 77 cars including hay, bran, straw, oats, and flour.
The advertisement promotes Dr. Pipettes aye Pellets to relieve stomach and bowels after overeating and recommends Dr. Pierce’s Golden Medical Discovery to tone the stomach and purify the blood. It claims strong digestive benefits, no alcohol, and warns against substitutes for profit.
Local Pittsburg drug shop listing titled Pierce's Medicines Old by Jos. Fleming and Son at 412 Market Street announcing a storefront presence in the city.
The Galveston News warns of thefts across 10 counties averaging mid May as the season begins. Cotton is in good condition though two to three weeks behind due to cold nights. rain has been adequate and fields are generally clear. Cotton acreage up 7 to 10 percent with corn, wheat and oats also doing well.
Reports from St Louis and Philadelphia show a quiet wool market with light stocks and steady prices. Buyers differ on all items while some qualities such as fine washed delaine and combing wools held firm, with coarse grades steady and quotation levels unchanged.
Bar silver in London on May 19 stood at 449 16d per ounce. New York reporting bullion dealers notes selling prices. The standard silver dollar price for gold and silver markets remains cited in today’s market report.
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