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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
May 22, 1890
Page
3
Live stock review shows higher butcher cattle prices as slaughter demand stays strong. Cattle offerings reach 60 carloads, with quality above late average and buyers eager. hogs and sheep mixed as markets shift with Chicago costs and local trade.
Telegraph reports show mixed cattle receipts and price moves in New York Chicago Buffalo and St Louis. Cattle and hog markets index steady to lower with scattered gains for sheep and lambs as traders weigh supply and demand pressures.
A New York Press note recounts Senator Palmer missing his customary dollar at church. He tore a two-dollar bill in half and left one piece on the plate, later offering the other half for a dollar to the steward, joking that a dollar is all he ever gives.
Chicago wheat trading rose amid large local and outside sales. Prices opened weak then surged as July contracts led gains on fears of a disappointing next crop, with mixed activity in May June and August deferred deliveries and firming tone in pork and lard futures.
City examination for provisional certificates begins next Saturday at the High School. Teachers will be tested in physiology music and drawing. On Saturday May grammar writing history and spelling were taken up. The next session on June 7 covers arithmetic geography and theory of teaching.
A Chicago real estate broker warns the World Fair may trigger a price surge that could burst like California’s. Pittsburgh investors have closed large deals, with several parcels and lots changing hands. Other items report rail, mortgage movements, school site proposals, and broker optimism for a busy summer market with multiple property sales across Hazelwood Wilkinsburg and nearby wards.
Trading Activity shows varied shares among rail and Pacific stocks with listings including Atchison 86,000 Canade Southe aene Delaware awanna and Western 12,040 Erie 3,215 Secur Pacific Doen Nokabera Pacific 77 Oregon Transcontinental 3L080 Richmond and Weat Bats up 5554 St Paul 11,243 Texas Pacific 9,350 Rain Pacific 6,435 Western Union 4,082 on day.
Banking market shows steady rates with deposits improving and discount demand fair at 6 7 percent. Money abundant for business. Chicago exchange scarce. Hastern easy near parity with currency. New York money on call 4 to 8 percent. prime mercantile paper firm. Sterling quiet with bills at 4.884 and demand near 4.85.
The text lists various balances and delinquencies such as 910,480,111 and 19,410,044 tied to named entities like Miner Fney and Delanees. It mentions bullion in New York and rent values, with scattered references to a New York exo and a premiuba, indicating a ledger-style financial record with unsettled debts and asset notes.
Yesterday’s oil market showed activity in the old market but with lower price levels. Oil City and Bradford led selling in the afternoon, pushing prices down to around 60, while earlier gains peaked near 46. reports note new wells and drilling in Chartiers district and Westview with several promising prospects.
OCR reveals scattered petroleum prices and openings on May 21 in Om Crry Bradford and New York. It shows highs, lows and closes in assorted local markets with clearances and shipments figures, plus brief exchange movement after opening.
Clayaville Oil No 7 on Gourley lane tapped the sand Tuesday, flowing about 150 barrels daily. Six producing wells on the Gourley farm together yield over 600 barrels daily. Nearby wells include Washington Oil William Noble due soon and Lindley No 1 tied to the area, with Brownlee No 1 improving to 75 barrels daily.
Stock brokers showed little disposition to trade with a quiet day on the market. About 1,000 shares changed hands in three calls with small price moves, as investors awaited clearer signals and possible realizations before committing more funds.
The market remained feverish with a general downturn though a late raid hit vulnerable stocks. Richmond and West Point and Sugar Refineries led gains while Atchison lagged amid wariness over Missouri Pacific and the L and S F deal. London opening was weak and prices drifted lower with a final rapid decline in the last minutes.
The report notes declines in most rails with Atchison and Colorado Coal among weak issuers while Delaware and Hudson and similar issues edge up slightly. Overall trading nears $2.285 million with Canada Southern and Northwestern extensions weak, but some Burlington and Ontario issues hold firm. Bullish sentiment grows as Western difficulties ease and early settlements are anticipated.
New York May 21 The rapid advance in cotton surprised traders though many expect it to go higher. A few new patterned fabrics win encouragement but there is no broad shift toward that direction yet.
Dr. Weir Mitchell of Philadelphia notes rattlesnake venom generally remains incurable once bites are severe. Savannah studies suggest the large rattler is deadly despite whisky, while the smaller rattler might be somewhat countered by early alcohol. The piece contrasts snake types and treatment opinions.
The Anne Madison brig, being rigged at Pearlington Mississippi, may become the sole full rigged brig under the U S flag. Built since 1886 by Danish native George Madison and three brothers, using red cypress and yellow pine. It spans 120 feet overall, 110 feet keel, 28 feet 6 inches beam, 243.41 tons, 500 tons dead weight, finished under Captain W M Baker of the American Shipmasters Association, for operations in the Gulf of Mexico.
At a Washington religious convention a banquet featured 12 spoons carved with the Apostles. A bishop and several doctors of divinity attempted to recite the Apostles names but none could recall all twelve, provoking a lighthearted moment among the dignitaries.
Domestic markets report dull butter and active eggs with notes that a new tariff weakens sugar while elevating canned goods. Canned peas mushrooms and mustard prices rise. coffee and cocoa hold steady as traders await tariff resolution. oats, cheese, and other staples show varied movement across prices and supply.
Sale on call at the Grain Exchange lists 2 cars No 2 yellow corn 400, 10 days. 2 cars No 2 white oats 240 first half of June. 1 car extra 3 white oats Sik¢c May. Receipts 16 cars, with 13 by Pittsburg Fort Wayne Chicago Railway including hay bran oats and corn. other lines report small carloads. Cereal markets fairly steady. ear corn easier, wheat firm, flour prices lower. track carboard rate notes for several grades.
Fragmented OCR notes reference weather conditions and timber products in the city trade. Mentions Hemlock and Hickory wood with scattered phrases about pricing and rents, plus ambiguous names and places.
The river climbed to eighteen feet six inches yesterday, a rise of over four feet in six hours. Older residents and local papers fear another Johnstown-like flood while rain has ceased and yesterday’s weather was mild.
A flood of river traffic is noted with vessels like the Smoky City and Dick Fulton heading to Pittsburg and Louisville. The City of Pittsburg undertook an excursion upstream while Captain Dick Jones travels from Louisville toward Pittsburg. Coal totals show 1,469,000 bushels arrived in Louisville from Pittsburg last week. The Mudwan sails to Cincinnati with a large cargo for the May festival as river activity swells. A narrative segment recalls J. D. Hegler of the Guiding Star, an emblem of Western river life.
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