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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 08, 1889
Page
7
The Liberty Live Stock dispatch notes a hardware price surge with nails and hinges up sharply as manufacturers struggle to meet orders. It warns of a potential boom followed by a crash and outlines mixed results at East Liberty yards with cattle and sheep weaker, hogs steady after late gains.
Telegraph market notes report dull beef trade with prices around 1 per pound for Texas firm cattle and 2.1 per pound for Western calves. Sheep and lamb receipts total about 4 200, with shade price declines and modest clearance. Hog and cattle receipts vary across Chicago and St Louis markets, with mixed demand and steady to weaker prices for various classes.
An informal note from November 7 notes improved demand for bleached cottons and print cloths, with mention of supply to jobbers and expectations of steady prices. The fragment hints at textile trade activity and market conditions but lacks complete details.
A major blaze in Petersburg Virginia destroyed twelve stores and the Odd Fellows Hall early today. Police Lieutenant George Crichton died in the fire and a burned trunk of his remains was recovered. Loss estimated at 750000 with 400000 insured. Firefighting aid from Richmond sent two companies.
Wheat trading was light with prices lower for December and May, receipts in the Northwest were weaker, and activity drifted dull as large floor traders and orders from New York and the Northwest influenced levels. Oats stayed steadier with moderate volume, while pork and lard experienced little business, with prices largely unchanged amid a quiet market across major hubs.
A wild duck became the first specimen toward a zoological garden at Highland Park. The duck was drawn into the Bedford reservoir outlet chamber, hooked by a staffer, and caged by Lon Dennison, Chief Clerk, who plans to place it on an artificial lake next spring and attempt taming it in the meantime.
On December 1 an application will be made to the Court of Quarter Sessions to incorporate Wilmerding as a borough. The town grows around the Westinghouse Airbrake works on the Pennsylvania Railroad. George Westinghouse Jr and airbrake officers travel to Philadelphia to press for improved railroad facilities at Wilmerding.
Rumors claim Atlantic and Western Pipe Line may be absorbed by Standard Oil, affecting oil prices and market parity. The Pennsylvania Company negotiates a Woods Run bridge project in Allegheny City to unlock California Avenue, boosting local land values and rail access. Iron trade remains firm, rail materials in demand, while New York's building boom and real estate activity drive broader prosperity.
Local stocks showed gentle gains with more buyers than sellers and firming prices. Active issues included Philadelphia Gas Light and Central Traction, both advancing with no material declines. Sales totaled 180 shares.
Loose financiers reported a fair remand for money with banks having funds to spare. Exchanges stood at 2,055,000 63 and balances at 321,310 12. Pittsburg bankers view the Pan Americans visit favorably, anticipating benefits from trade in iron, steel, and machinery as relations grow.
New York trading showed active general-list business with trust stocks quiet. North River Sugar Refinery decision against the trust dominated the day, while Coal stocks weakened and Reading faced heavy pressure early but closed with gains as shorts covered.
Oil trading varied with light activity as several parties resold positions. Prices rose briefly in late trading while New York and Antwerp gauges posted gains and a forthcoming pipeline report is awaited. Bradford and New York summaries show openings and closings around 108 to 110 dollars with the day ending near the day’s high.
Real estate transfers include Samuel W. Black & Co selling a two story brick house on Oakland Square to J. H. Scott of Fidelity and Casualty Co for 8000. Other trades involve Irwin and Love properties and mortgages on Fifth Avenue and Temperance Street, with several lot sales and a 1200 mortgage. Stock totals in New York markets were reported alongside the day’s real estate activity.
Philadelphia market activity shows quotes for fur and Cong laded whites with a four ton figure. Several members noted No New York Stock Exchange movements as traders watched price shifts and sector results.
Directors of the Lawrence Bank will be elected next Monday. An annual meeting of the Western Insurance Company will be held on the 1th. A Wheeling clearing house movement is under way with a committee appointed to pick a plan. Edgewood gains borough honors and an election for officers will be held in February. The October fire loss of the United States and Canada is estimated at 4,800,600 dollars by New York insurers. Central Traction to establish offices in the power house building. Manchester Homestead Loan and Trust Company announces a new $30,000 series after a successful first issue, with another to follow. Pittsburgh Consolidated Window Glass Company, capital 10,000, chartered yesterday with directors listed. Pittsburgh banks equal or exceed several western cities in number, highlighting Pittsburg’s banking density.
Delinquent Tax Collector recounts a case where a judge rejected a $20 fee for drafting a will by a layman, citing nonlawyer drafting as improper. A labor rights advocate derides the ruling, while the official quips that the judge acted as a walking delegate for the bar, condemning scab labor.
The committee appointed to audit the accounts of William B. Thompson as treasurer met at Thompson's bank to begin work. Original members included Governor Foraker and Governor Luce, with Mayor Cregier and replacements W P Read, A A Axlice, and J K Boies. Thompson held about 817000 with only 40000 unpaid, and the Dacia team expected to report tonight. Pittsburg workers completed most work yesterday, prompting surprise at the backlog.
West Penn Hospital reports crowded surgical wards as typhoid cases rise. Superintendent Cowen notes 6 patients in the railroad ward and 30 cases under care, with most in convalescence. Miss Pearl Clemer of Brownsville, a nurse at the hospital, contracted typhoid and will be buried Saturday.
Market notes show hay and oats weak, millfeed steady, corn active and firm. Fresh eggs scarce but steady. dairy generally steady with limited movement. Prices edge up for some fruits and vegetables while quality declines for tomatoes and grapes. Potatoes and beans active. overall country markets reflect mixed demand and rustic supply conditions.
Grain receipts remain large with weak demand for hay and oats while millfeed holds steady. Shell corn stays firm and track prices show limited movement for various grain classes across regions including Pittsburgh, Chicago, Baltimore and Lake Erie.
A garbled OCR snippet shows various price hints and item mentions including beef, pork, lamb, and other meats. The text includes stray terms like Armour & Co and assorted monetary marks, but no coherent market or date details are readable.
A partial publication fragment mentions a lake event in November with irregular details. It references activity by individuals and a looming stronger presence but lacks clear names or outcomes. Further readable context is needed to identify participants and purpose.
An old nursery rhyme advertises Castoria across generations from infancy to motherhood. It highlights parental reliance on the remedy for children and echoes a historical marketing tone.
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