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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Apr 06, 1889
Page
3
Retail greens and fruit prices ease at Diamond Market amid mixed weather. Demand remains brisk for staple meats and fish as Lent ends, with lower prices on strawberries cucumbers and eggs while tenderloin and beef cuts hold firm.
Market notes show cattle receipts 1100 head and shipments 1280 head with no cattle to New York today. Hog receipts 3200 head with prices steady to higher, live export carloads. Liverpool quotes American pork and hogs at improved rates, with steers and stockers varying in value and overall market firmness.
Trading showed heaviness in some sectors with July futures lifting above prior closes. Corn, oats, and flour futures moved modestly, while lard and pork markets steadied. receipts and demand varied by region as reports cited brokers and bulls influencing short-covering activity.
Special Report by Cable for the American Manufacturer notes broad demand across products with robust activity in most categories. Industry observers cited steady pricing, healthy order books, and optimism for Q3 as supply chains stabilize and consumer interest remains firm.
A unnamed spokesman warns widening Diamond Street would cost vast sums and destroy homes from Smith Field to Diamond Market, urging full consideration of interests and that costs be borne by benefiting property, not the public. The piece contrasts Pittsburgs cautious real estate finance with Western mortgage speculation and notes floods, a proposed Real Estate Exchange, and a brief survey of tech and patent items.
A robust market sentiment dominated the local list with notable gains. Electric traded up but stalled at 53, while Chartiers and Bridgewater Gas rose on Turkeyfoot district activity. La Noria surged to 24, Magain moved, and Westinghouse entities featured among a busy morning call.
The local money market was active with strong discounting and brisk counter business as season expansion boosts financing across financial centers. Rates remained near street levels and call money in New York closed at 4 percent with prime mercantile paper in demand.
On the Ol Exchange yesterday markets showed no vigor with opening at 105% and closing unchanged at 90%. Traders noted weak stocks and selective buying in New York and Oil City while prices fluctuated from 04 to 0044 before ending where they started.
Real estate firm Black and Batrd at No 5 Fourth Avenue sells multiple properties in Pittsburgh including a Robb and Munson plan site at Chartiers station for 65 dollars, plus houses in Crafton East End and Allegheny. Mortgages and leases noted, totaling numerous 190 acre parcels and suburban properties with values up to 250000.
The New York market shows a clear shift in sentiment with prominent houses buying while local bears sell. Trading broadens with several dormant specialties rising, and the day ends with most issues higher despite earlier declines in a few lines like Jersey Central and Texas Pacific. Atchison volumes surge as new political names and earnings forecasts lift mood, while Nashville and Reading move notably.
Spot pig iron in New York steady while copper weak and lead softer. Tin plate activity subdued as markets show inactivity. Straits and Chilean bars quoted around 240 10s for spot and 40 10s Od for future delivery, with English lead and Spanish spelter showing declines and weak demand.
Wool markets in Philadelphia and St. Louis show quiet trading with minor changes. New York reports barely steady prices as dometic buyers pull back. overall demand remains tepid with little price movement across regions.
The April 5 report notes decreased activity in the drygoods market among agents and jobbers. Despite softer tone in some directions, the market maintains its shape and manufacturers remain satisfied with the situation.
Three reasons explain why people should use easy payments to furnish homes. Moderate earners cannot save enough cash to furnish properly, better goods are available with installment plans, and a well furnished home brings happiness and pride. Hopper Bros. & Co. invites readers to view their stock at 307 Wood Street.
In Pittsburg our store shows $10 or $12 spring overcoats silk faced and English box cut. Suit line also priced $10 or $12. extramen in department today. Call to secure suits or overcoats at low prices. store at P. C. C. corner Grant and Diamond streets opposite the new Court House.
Coffee prices rose about 40 points in New York as traders see strong potential for further gains. Analysts note no justification for the prior decline and expect higher levels as buyers accumulate, with references to various coffee grades and related commodities in trading notes.
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