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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 13, 1889
Page
7
In Pittsburgh leather belting remains in steady demand with a robust hide market. Large cattle receipts buoy prices for heavy hides while calfskins drift lower. The split cowhide boom boosts supply and lowers calfskin value, and local tanners report solid but not booming activity with steady orders for belting goods.
The report details the market at East Liberty Stock Yards as of November 1, showing steady demand for prime cattle and varying fat cattle prices. Shipments of cattle and hogs are noted with totals around 1,490 head and multiple carloads, with the market described as firm and prices 5 to 10 cents higher than the previous period.
Telegraph market notes show beef cattle in demand with native and Texas stock priced per pound, 450 head traded and prices around 2. per pound for veala. Sheep and hog receipts mixed, market firm to slightly lower at times, stockers and feeders priced around 1.35 to 1.62, cattle and hog prices noted across multiple regions. New York dry goods and cotton markets steady with quiet trade and some export demand.
Wheat prices edged higher on reports of Russia crop shortages while European and Indian markets showed steady to firmer tones. Corn and oats traded with moderate activity as receipts and shipping demand shaped values. reports of pork and lard movements followed a mixed pattern across Chicago, Philadelphia, St Louis, and Toronto exchanges.
Receipts at St Louis reach 156 408 pounds with market steady. New York reports moderate demand and steady prices for domestic fleece and Texas wools. Boston notes steady market with limited movement. Ohio and Pennsylvania show mixed activity. foreign wools firmer but not selling well amid subdued trade.
Market notes show Yone-Pig and Copnet firms in focus as American trade indicators hint at 600m totals. Tin markets quiet yet domestic demand remains steady while broader activity remains cautious through November.
The Curry School of Elocution and Dramatic Culture stages Damon and Pythias in University Hall on Sixth Street next Friday evening. George Gallupe Jr. plays Damon. the performance promises a faithful and careful rendering by the cast and company members.
Real estate talks center on Joseph Craig selling a little under a quarter of his stake in Western and Atlantic Pipe Line properties to partners Weidner Reighard Co. He plans to focus on producing interests. Dealers note inflation fears ease as buyers seek fair valuations and suburbs see limited land for building. The Schenley Park impact appears as Black & Baird consider Lloyd plan lots, with four sold and four homes planned. Apples export, cotton manufacturing, and factory construction trends show mixed growth across regions.
Central Traction led the stock market with a strong opening at 84 and closing near 83. Bid and asked shows fluctuated while gains stemmed from nearing completion and anticipated profitability. Philadelphia Gas faced slight declines. Electric steady. Pleasant Valley Railway rose fractionally. People's Pipeage dipped slightly. Sales totaled 36 shares with mixed quotes across listings. Patterson traded at 66 amid overall activity in New York markets reported by Henry M. Longams.
A fragmented OCR note lists figures 22 901 and 17 020 tied to a union context and a location or group named Paul, with January timing implied. The readable items point to totals or amounts in a payroll or financial report.
Yesterdays money market saw robust demand with ample cash available for business use and rates holding at the usual levels. Clearing figures across cities including New York Philadelphia and Chicago show substantial balances and no rate changes for loans while exchange rates remained steady for most bills.
Quiet trading dominated as New York and Pittsburg led most buying while Oil City Tire market panel posted modest gains. Corrected daily figures by John M. Oamiey note 1,055,000 barrels with varied prices across listings and limited Ances remain.
The report shows New York petroleum trading opened weak at 107 and drifted lower early, then recovered to around 10 percent gains later. It mentions Bradford and other centers with fluctuating highs and lows, and a Consolidated Bank note appears in the closing lines.
Land and house transactions include J C Reilly selling 107 Vickrey street for 3 050 to John Schwamb, plus two Wylie avenue lots for 1 400 to John McCallum and a Belonda street Mt Washington lot for 850 cash to Wm Porter. Bakewell Phillips houses near Sidney street sell to David Lewis for 44 875 07, and Jamison Dickie sell Euclid avenue house to Maria Seelig for 2 800. Carter line Macfarren gains four lots on avenue ward for 8, Jack and Baird sell Linden avenue frontage for 6 000, and Jos Lare sells two Oakland street lots for 2 000 cash.
New York stock activity cooled with narrow moves after a mixed session. Lead Trust plunged nearly 7 percent on concerns over new enforcement of last winter’s trust law, while Richmond West Point and Grangers saw moderate gains. Toronto and London buyers helped lift some issues as the day wore on, with late advances led by low priced issues and specialties. overall, the market edged higher but remained tame.
The market shows a mixed close with gains and losses, Erie stock sale for London account and a Bank of England discount rate rise anticipated. Despite easy money, dull railroad stocks and Missouri charter laws depress trust shares while some Erie buying supports London activity. prices reflect yesterday’s New York exchange readings.
Closing stock quotations from Philadelphia based on Whitney & Stephen brokers. Listings include New York Brook Ex, Buffalo, Western, Boston stocks, Ateh Ton, Wis, Ventral, Calumet, and other components. Compact market notice reflects a passive inventory snapshot with multiple ticker symbols.
A.J. Stephenson applies for membership in the Pittsburg Exchange as 37 mortgages are recorded yesterday led by a $10,000 loan. The Western Insurance Co Board of Directors is re elected. Railroads show October earnings up by $3,553,276. Monongahela rail line may extend to Glenwood opening a manufacturing district. Pittsburg and Allegheny Bridge stockholders meet December 2 to vote on higher indebtedness. Rents surge as housing demand grows and Central Traction Railway expectations rise with a mid month start. Local bond investments rise, signaling favorable financial conditions.
Washington, November 12. If Treasury officers' view holds, glassblowers who enlisted to work at Jeannette Pa willfully violated the contract labor law. Employers and others who arranged the contracts face prosecution and possible fines, with Attorney General Miller approving the plan and action starting immediately.
Lawrenceville citizens cheer as city hose crews wash Butler Street for the first time since the Citizens' Traction line was laid. Passersby watch from doorways with relief at the improved condition of the main thoroughfare.
Fragmentary OCR mentions a drug company and names such as Pilaner and F, with unclear letters around a possible sale or note. No clear event, date, or concrete entities to summarize beyond the generic reference to a pharmaceutical firm and associated individuals.
The market notes drifting upward for coffee and general groceries with prices mostly unchanged. New Orleans molasses arrives from the new crop while greens and beans show mixed shifts in Rio coffees and various spices and oils.
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