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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Apr 10, 1889
Page
7
Features of trade report broader declines in wheat and flour, with dull London markets and a cautious Minneapolis outlook. Hardware firms face tight margins, rising inventories, and forced production at a loss to keep mills running, as unload policies and dealer concessions reshape stock across regions.
Cattle receipts total 820 head with 29 head shipped to New York today. Hogs receipts 1,300 head with 1,000 head shipped, market firm. Sheep and lambs receipts around 2,000 head with prices steady from yesterday. Market firm at yesterday's prices overall.
Telegraph dispatch summarizes New York beef exports receipts 33 carloads and 7 ter ae eee slaughterers direct with firmer demand. Liverpool quotes American beef as scarce. Sheep and hog receipts at St Louis and Chicago show firm to strong markets with varied grades. Texas and Kansas cattle, stockers, and muttons report mixed movements and prices.
Philadelphia Wool market quiescent with nominal prices, St. Louis and New York also quiet. Domestic wool movement remains light with small lots. Michigan and Ohio sales reported around specific shorn fleece ranges. polished wools steady to firm with polled types at 40 cents and higher. Australian wool strong at 60 to 72 cents.
April 9 report notes strong demand at a sale of tapestry and rugs, with duplicates and collar malers and non quantities of bleach among items. The auction featured aloof stocks and broader textile goods, drawing steady customer interest and solid prices for several lots.
Chicago reports a lively wheat session with July futures drawing attention as prices moved through gains and losses. Corn and oats show limited activity with a generally softer tone, while provisions and sugars trade with varied demand across exchanges and regions.
At the stockholders meeting R H Rubie of McClure Coke Co and Henry D Welsh were elected to fill vacancies caused by the deaths of John Scott and D A Stewart. The board will meet in Philadelphia next week to organize and elect officers. W H Barnes remains president-elect.
A nostalgic note traces Castoria as a constant remedy and comfort from infancy through adulthood and into motherhood, highlighting its use for babies children and mothers in each stage.
Real estate dealers push for a real estate exchange as new housing surges around Pittsburg. Estimates show up to 4 000 or more houses planned before next winter in districts including East Liberty Wilkinsburg and Northside, with brokers wary of market manipulation.
Local securities report notes Union Switch and Signal at 25 first call and 2044 last, closing 27 asked. Electric at 57 down 44 from yesterday. Philadelphia Gas opened up then softened to 30 44, later firm with 950 shares at 101. La Noria little changed at 400 shares, bid 2. Central Traction active, Chartiers Gas bid 7 per share, Wheeling Gas dull. Total sales 1 075 shares with multiple listings and a forecast of a bus movement in favorites in coming days.
Local banks reported light money demand yesterday while general trade showed activity in other sectors. Iron trade rumors dampened spirits though money on call in New York held at 3 to 4 percent. Clearing totals across major cities indicated ongoing commerce despite iron sector concerns.
Oil prices opened at 89.31 cents with a bearish tone as Oil City and New York bought early while Pittsburgh sold. Professionals did most trading with little outside support and narrow price swings. The day ended near the opening level amid unsettled conditions and a possible drop before any rally.
Markets show mixed results with April trading noting Petroleum opens weak around 80% and slides. market activity at Mc shows higher and lower bids with a 458,000 barrel sales tally. Oil closes steady while other sectors report varied gains and losses across locations including New York and Canada.
Several property deals are listed with prices and buyers. Reed B. Coyle & Co sold 20 lots at Homewood station to William and Seward Oliver for about 10 002. James W. Drape & Co moved house and lot No 13 Linden Street Allegheny for 6 550. Spencer & Glosser sold a Duquesne Heights frame house for 1 300 to James M. Carter. more parcels and mortgages are noted across East End and Carnegie avenues with buyers including G A Hoyed Williams and J D Laupentien different buyers listed.
A volatile New York session opened weak with faint declines outside Atchison. By afternoon trading rose with broad strength, closing near or above prior levels though Atchison slid sharply amid election‑driven selling and rumors of distress in Boston lightly affecting other shares.
Active shares rose across the board led by Louisville and Nashville and Kansas and Texas as the market closed firm near day’s highs. Atchison and San Francisco showed notable moves while many rail and western issues edged higher amid a broadly strong session with corrected daily prices from Whit ney & Stephenson on the New York Stock Exchange.
Domestic markets report mixed activity with creamery butter steady at last week’s levels while eggs remain barely steady. Fresh fruit demand improves but onion prices collapse as buyers refuse higher bids. vegetable shipments tighten and poultry prices ease. Tea, coffee, and dried goods show varied pricing across regions and brands.
Fragmentary text lists a local sale action with times and packing details for wheat and rye straw. Mentions a date in informal form and prices per unit, but specifics are unclear due to garbling. Named entities are minimal. no clear organizations or places emerge from the readable lines.
Armour and Co publish prices on beef carcasses ranging from 450 to 750 pounds and hogs, with rates for pork loins and related cuts. The text lists various weight categories and items though OCR is garbled and some figures are unclear.
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