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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 25, 1890
Page
7
Market notes show a sharp price decline across cattle sheep and hogs with large offerings of common grassers and light grain cattle. Prime beeves remained scarce while feeders and stockers moved slowly and deals fluctuated from Monday to Tuesday amid generally weak sentiment.
Telegraph market report shows beef, veal, and lamb prices steady to down across regions. Cattle supplies remain large with varied quotes, while hogs and sheep receipts influence regional shifts. Chicago and Buffalo report steady to weaker demand with mixed grading and weights.
Charles M. Schwaub purchases 150 by 425 feet on hotton street extension from J B Dorey for 2200 at 4.06 per acre. The site lies outside Braddock borough use and appears large for residential land with a Bowen lot designation.
One of the nicest tonics and antacids is Dr D Daynes Tonic Vermiface. Used with Sanative Pills it rarely fails to be effective and has a moderate price within reach of everyone. Sold by all druggists.
Capital of $100000 and surplus of $61500 are noted. Deposits of Sland increased with interest allowed at four percent.
Chicago traders faced a nervous, unsettled session with prices closing near yesterday's lows. December wheat tests down after long positions liquidated, while corn and oats show weak to uneven moves. Pork and lard trade weaker, with several markets reporting heavier offerings and softer quotes across commodities.
A broker notes Pittsburg is not a pure speculative city yet handles substantial daily stock sales, with large fund inflows from government bond redemptions and currency shifts drawing investors to established securities. He argues Pittsburg’s market supports lasting value and profits, distinct from New York or Chicago. The piece also covers urban development, new town planning at Parnassus, Highland Park building sites, insurance ads, and ongoing infrastructure projects like Neville Island bridge and Duquesne Traction plans.
The report lists stock quotes for Anon et Belle fais at 100 Bodie 135 Caledonia B. H. 173 Crown as of September 24, reflecting market activity in mining shares.
The market opened slow with two early trades and a tag of Electric scrip. By the third round 115 Air Brake Lime New York and Cleveland Gas Coal and Philadelphia Gas shares changed hands as bids remained high, though price moves were modest. Strong holders held firm, signaling belief in future gains at current prices.
The local money market remained comfortably easy with loans on call and time at 6 to 7 percent. Exchange figures show 2,72,251 27, and balances at 315,909 46, Treasury available balance 61,084,732 with government deposits totaling 4,606,962. Net gold in Treasury declined to date by 29,038,585 as minted currency increased since August 30. Money on call in New York was easy at 2 to 3 percent, with sterling exchange quiet and bills at 4 64k.
Bond and financial quotes across U S and international markets. United States notes show varied prices for Pacific coast and northern lines. Bank clearings are listed for Philadelphia Boston and Baltimore with bullion movements and money market rates around 6 percent.
The article notes no change in oil conditions from weeks prior with light trading and minimal price movement. Clearing volumes reach 98,000 barrels while Buckeye remains absent, and a broker discusses the Exchange building sale and offers, hinting at a possible price rise if the sale is delayed.
New York reports oil prices for Pennsylvania and Lima oils with opening highs and close values. Pennsylvania oil opened high but fell on light local sales, then steadied. Lima oil opened at 40 cents and closed around 82 1/8 cents, with total volume about 115 000 barrels.
The New York stock market opened with a brief boom in leading late movers, driven mainly by short sellers. As demand waned during the day activity eased and prices slipped, with the market remaining largely the province of professionals and awaiting further developments amid prior stringency in money.
Trading opened steady with sugar refineries lifting on tariff rumors while Nort h American and sugar led gains amid a generally dull market. Lackawanna and Mobile and Ohio showed strength as most issues remained flat. government and state bonds stayed weak while silver prospects influenced prices.
Lively river trade yesterday with no boats until 5 PM and freight piled on the wharf. Parkersburg and Cincinnati packets arrived late. unloads hampered by a missing wharf boat. Captain Clarke touts stern wheel boats on Lake Michigan despite dissent from river captains. The river level fell about a foot over four hours. The Henry Brown bound for New Orleans, the Saw Brown with empties, and the Dick Fulton and Fred Wilson with Pittsburg coal also moved through Cincinnati. Scotia headed to Pittsburg under Captain Phillis. Directors of the Cincinnati and Memphis packet line met on an option on the New it, with details unclear.
Patent lawyer C D Levis lists new patents issued to inventors across Pennsylvania Ohio and West Virginia. The inventory includes coin controlled blow tester cant hook guide for wood machines combined map and wringer gas producer gas meter sash fastener sheet metal notcher printing press attachment and other devices. Names include Akers Ayers Cameron Chisholm Culmer Drake Eller Freer Hoppes Houston Jones Ludwig Maxham Patterson Ricketts Lima Thew Walters Rosenstein Bay Crawford Holman Sacene and others. Also notes remedies for fits spasms St Vitus dance nervousness and hysteria via Dr Miles Nervine with free samples.
An OCR fragment shows repeated references to Carter’s Little Liver Pills with headings like Sick Headache and Blue Headache, suggesting an old advertisement line or slogan. The readable bits emphasize liver pills as a remedy and include multiple misspellings and stray characters.
Prices for country produce show good stock for choice potatoes and apples while grapes are abundant and markets weaken. Butter stays firm, cheese steady with mild varieties. first Smyrna figs price 17c per pound and scarce lemons push prices. Numerous items listed with wide ranges across fruits, nuts, oils, canned goods and imports indicating active trade and price fluctuations.
Grain Exchange bulletin details car lots and spot prices for wheat corn oats and hay. Oats continue to climb while other cereals show weakness. flour and hay dip slightly as buyers watch prices on track cars.
A leading dealer reports ongoing demand for building lumber with prices unchanged. He expects this year to exceed all prior years, noting sales of 100,000,000 feet last year and 70,000,000 feet in the first seven months of the current year. Cherry hardwood remains scarce and commanding about 10 per thousand higher than last year.
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