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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Apr 18, 1889
Page
3
A Northwestern farm advisor notes Allegheny County farms yield better returns than California corner lots. An early 20th century buyer profited $3,600 from a California deal, while local land prices fall as the real estate boom cools and corner lots stop selling amid market uncertainty.
The cattle market shows a surge in supply with about 75 loads received this week, mostly from Ohio Indiana and Chicago. Prices are about 10 cents lower than last week and demand is weak with few unsold loads and no cattle shipped today. Sheep and lamb markets are very poor with overall weak prices. wool sales are scarce and hogs show light but steady demand at Chicago with quotes around 4.50 to 5.60 per 100 pounds for common to good grades.
Beef steers and cows show declines and steadier demand in scattered markets. Chicago receipts 14,000 head with slow, 10 cent lower trade. Texas cattle steady to mixed. sheep and lambs uneven with steadiness in some regions and lambs weaker. Hogs active with gains noted despite steady to higher receipts. Cincinnati hogs mostly average to lower prices on varied lots.
Markt activity was uneven with a large local buyer driving strength. Wheat futures mixed with May up and July up from yesterday. corn steady to higher, oats weak after midday. Mess pork active and lard firmer, while butter, coffee, sugar and tea markets showed varied shifts across exchanges.
New York trade shows mixed signals with stronger demand for woolens and textiles. Print cloths and lower grade cottons hold steady or improve due to cotton advances, while staple goods see inquiry at Metropolitan Market. Responsive prices and steady wool markets at St. Davis and Eamer Nechkweer departments indicate cautious optimism for season displays. Horse & Co. notes grand display and ready patterns.
Tomorrow Good Friday will be a legal holiday in Pennsylvania, closing exchanges and banks. The piece warns business folk to plan ahead to avoid note protests and reputational harm from partial holidays, noting New York's different practice can cause payment issues. It then shifts to anecdotes on urban development and a real estate scramble illustrating timely actions and speculative gains.
Weak and volatile trading opened with gains in several shares led by Philadelphia Gas rising to 43 before closing near 41 1 2. Chartiers Gas and Western firms showed strength while Electric and Central Pittsburgh traded down. Several small issues and bond-like notes moved with limited activity as morning sales totaled 1,889 shares.
Closing quotations in New York furnished Tus Dispatch by Robinson Brow show local dealer commissions and New Yorker Clearings with balances and figures. The report notes bullion movements into the Bank of England and provides daily balance totals across multiple accounts and currencies.
Brokers react to a sharp oil market decline with volatility as values slide from 87 34 to 84 percent and back, carrying costs rise, and sentiment shifts toward selling longs and building shorts. A Cranberry township oil field is noted as potential boom despite limited current production.
The brief indicates a volatile opening with prices from 7¢ to Stago, then steadying after the session. A late-day reaction left prices weak, with totals around 2,807,000 units traded and varied figures for Bilgo and Hidge in transit and cinema sectors.
Twenty Thousand Dollars. W C Stewart sells lot 150 by 280 feet on Fifth Avenue Shady Side between Mrs McCune and George Reed to Mrs Gusky for 22600 cash. Mrs Gusky plans a stone residence. Black and Baird sell lot on Boquot Street Oakland 25 by 115 feet for 227 cash and place a 7400 mortgage on Boulevard Place East End for three years at 6 percent. Additional sale and mortgage details appear for properties in Washington and Allegheny wards.
In New York on April 17 the market showed modest activity with a narrow range of moves. Gains appeared mainly in a few leading stocks as foreign buyers and dealers added some positions, while Pullman rose on Wagner Company case expectations and Louisville and Nashville showed early strength. The Gabares remained weak amid persistent doubts, and grain and St Paul earnings weighed on sentiment late.
The report shows mixed sentiment with small fractions under the figure and uneven declines of 3 percent for some unlisted departments while others hold steady. Bonds appear dull with overall market activity around 11.00 per issue and a reduced number of trades. The tone remains mixed as several issues edge higher while others lag. A table lists active stocks on the New York Stock Exchange with daily distance notes by Whitney & Stephenson.
The Boston stock market opened in a fever while copper shares held steadier and sugar certificates fell sharply on unfavorable news. The day featured broad weakness with several readings showing declines across key issues, including colonial and railway stocks.
The document lists mining stocks with company names and figures such as Caledonia, Verne, Commonwealth, Deadwood, El Cristo, Gould & Curry, Hale & Norcross, Homestake, Iron Silver, and Mutual. Values range from small hundreds to several thousand, with multiple entries including 100, 200, 230, 750, 3276, and 2300 noted in a ledger style.
San Francisco reports Australian advices show New South Wales New Zealand Tasmania and South Australia facing large deficits in wheat for the season with totals near 9 million bushels. California is urged to supply surplus wheat amid an expanding export push and chartered ships to Sydney and Melbourne.
The Jos. Hox & Co. Peabody Avenue Stores advertise a broad Easter selection in London neckwear English white and fancy shirts vests belts gloves and hosiery. Our department offers New York styles and spring weight underwear with open Saturday evenings.
Market page reports lighter activity in country produce and groceries with slight price firmness. Creamery butter holds, eggs scarce goose eggs push prices up while cheese and dairy supplies show uneven demand. Coffee, sugar, and canned goods drift. eggs and fruits show Easter period twists and regional price variations across cheese, potatoes, and meats.
Receipts totaled 84 cars with hay oats and corn across routes from Pittsburg Ft Wayne Chicago and Baltimore areas. Oats weaken with price reductions. wheat largely steady. flour and malt show limited movement as cereal markets await stronger demand.
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