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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Aug 06, 1889
Page
7
Meat on the hoof reports higher cattle quotes after a heavy week for sheep and hogs. Cattle overall firm with better grades in demand. prices held with some advance for desirable stock. Receipts from Chicago and Pennsylvania listed. hogs and sheep supplies large and prices mixed but steady, market activity influenced by drover sentiment and external markets.
New York cattle receipts yesterday and today show 43 percent deadstock with 1 carload for export, 1 for city slaughters, 33 for the market, plus 82 to 81 cattle on sale. Market firm at an advance. cow and calf prices vary, with weekly totals around 43,000 head and weaker overall for veals and calves. Sheep sales around $3 to $3.50 per pound for common to choice grades. shipments reported none. St. Louis and other markets show mixed demand, with steady to lower prices for steers, cows, bulls, and heavy western stock. overall market activity light to moderate.
Trading in futures was inconsequential with December contracts most active as cash wheat remained in demand for shipping and export. Prices showed modest gains in some grains while corn and oats lagged, pork and lard prices fluctuated but remained near steady, and general market tone stayed cautious with limited new interest and light demand across commodities.
Pittsburg broker Mr John J McKee Jr leads the Exchange amid calls for broader policy to boost business. He cites New York reform and London practice, arguing that open, liberal rules increase trade, attract investors, and compare favorably with Boston Philadelphia and Baltimore.
Captain Barbour led a brisk session with 773 shares moved amid broker interest. Central Traction and La Noria fueled most activity while Philadelphia and Charters Gas lagged with notable losses. Central Traction rose to 30 4 in the afternoon, Natural Gas of Virginia buoyed, and Pittburgh and Citizens’ remained steady though muted amid light offerings.
The local money market shows activity but no new features as Monday proceeds. Signa remains favorable for early improvement, while exchanges reflect a scarcity of small notes and mixed loan activity. Clearing figures across several cities show varied balances and totals with steady but muted demand.
A Fair 8Take. Good Movement In Realty for so Early in the Week. Samuel W. Black & Co sold for Philip Hamberger a frame house of three rooms with lot 0x10 on Fairfax street Homewood to E. M. Biglow for $1,000. George S. Martin sold Maplewood Park lot 152 in Wilkinsburg for 400 to Mrs. J. L. Moxon. Reed B. Coyle & Co sold Emma Wallace Marion Place lot 66 for $250. Myers sold property on Garden avenue Allegheny City with ante seat and two frame houses for $2,400. John F. Haxter sold Villa Park Nos 174–176 in Brushton station for $10, frontage 10 feet by 180 feet to a 20-foot alley. James W Drape & Co sold 80-acre Robinson township farm for $3,000 cash. Thomas McCaffrey sold for J.J. Vi to Alex Curry corner Thirt Niet and Harding street, 2x10 feet with frame dwelling for $1,400.
The oil market opened with some New York activity but soon quieted as traders clung to the dollar line. Buyers and sellers traded sparsely, with unloading limited to small lots, and cash-off trading not extended. Prices remained around the dollar, with bulls cautious and short sellers unable to find demand.
August reports show mixed petroleum activity with dull but steady tones in Pittsburgh and New York. Certificates opened and closed at varied levels with a range up to 108 and 114, while total U.S. sales reached about 790000 barrels amid early strength and later quiet trading.
A New York stock note reports a broad, active day with the Chicago party leading gains and Granger stocks strongest. Strong upward movement in grain fueled the lift while some outside centers and short-covering backed quotes. Sugar Trust recouped earlier losses and Manhattan rallied before noon.
A list of mining stocks including Augusta Flag Amador Caledonia B H and many others with prices. Followed by notes on West Moreland and Cambria gas stock, railroad troubles in Illinois, election of officers at the Pittsburg Stock Exchange, and coal and coke tonnage carried by the Pennsylvania Railroad. Also includes advices for Dr Jayne's Tonic Vermifuge and Marvin's soda crackers and royal fruit biscuits.
Market notes describe ample supply across fruits and vegetables with a broad drift toward lower prices. Potatoes and apples quiet and below par quality apples noted. Huckleberries plentiful, many arriving in poor shape. fresh eggs and dairy items mixed, with butter prices listed at multiple mills. Overall, a week of abundant produce and difficulty sustaining higher prices is forecast.
Grocery page notes ongoing rise in green coffee with further increases likely. Coffee varieties such as Fancy Rio, Prime Rio, and old Government Java show higher quotes, while roasted coffees edge up by fractions. The list also covers canned goods, dried fruits, nuts, sauces, pickles, and meat products with varied pricing, plus receipts and market activity across rail hubs.
In a testimonial from Annie White of Penn Avenue, she recounts decades of catarrh suffering with nasal ulcers and bone loss, then credits Dr. and a constitutional blood medicine regimen at the Catarrh Institute for a complete cure. Hearing restored, she praises the doctors and invites inquiries.
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