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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Aug 29, 1889
Page
7
Livestock prices fall across cattle and sheep with a few exceptions for prime export cattle. Hogs remain firm only for corn-fed grades while overall supply from Ohio Indiana and Chicago worsens market conditions. Eastern buyers and large eclipses of rubbish stock pressuring prices amid a cooler week in Pennsylvania livestock trade.
The cattle supply remains liberal with mostly medium grades selling slowly at slightly lower prices. Prime cattle remain light in supply but strong near last week’s levels, while good to prime cattle fetch higher prices. Sheep show a decline from last week, with prime Ohio and lambs quoted around indicated weights and prices. Some veal calves ranged 110 to 120 pounds at about $5.
Receipts include 70 head cattle with shipments to New York and Philadelphia. Market steady for cattle with good stock at 390 down to 360 for common. Hog prices range 4.40 to 4.50 with 2,000 head received and shipped. market described as fair to good and steady versus yesterday.
Telegraph market notes from New Te Reo show 6 carloads for Brews market and 37 carloads for export. Texans and Kansas City reports include cattle receipts around 3,518 to 3,918 head with varied prices for steers, cows, and heifers. Hogs receipts near 14,000 head with prices down about 10 cents, lambs and lamb prices mixed, and overall market softer with distress on coarse sheep.
The market recapped a mixed session with wheat advancing to 764 1/2 cents for September and other futures firming then retreating on selling. Corn and oats showed quieter, weaker tones with quiet demand and light arrivals. Produce exchanges noted active butter and steady wheat and corn markets, with spot values reflecting mixed directions across regions and contracts.
Market activity remains quiet with subdued sentiment and muted price moves. Traders report limited demand and cautious selling, keeping values soft across sectors as investors await clearer signals.
In Chicago on August 24 the Council of the American Legion of Honor continued its session and handled only routine business as finished goods demand in the whiskey marker sector remains active. A medicinal claim promotes Beecha's Pills as a cure for sick headache.
A Bewickley stockholder blasts poor management at Independent Gas Company, urging a stockholders meeting and investigation as officers draw high salaries while returns lag. Other notes cover Central Traction progress, land deals in Wilkinsburg and Forbes Street, German exporters sailing The Emperor William, and urban air pollution costs from coal burning.
The local stock market shows a modest advance with good staying power as activity rises at both calls. Total shares traded reached 882, led by La Noria on high turnover with concessions. Philadelphia Gas edges up slightly, shorts remain eager to short more while prices hold.
New York traders reported total stock sales of 242,621 shares with notable numbers for Atchison 17,000 Delaware, Lackawanna and Western 17,000 Lake Shore 4,850 Louisville and Nashville 4,600 Missouri Pacific 7,700 Northwestern 7,700 New Jersey Central 3,700 Northern Pacific 15,870 Northern Pacific preferred 8,600 Reading 4,300 Richmond and West Point 3,816 St Paul 23,600 Union Pacific 6,500.
A local banking scene reports heavy business yesterday amid tension in the money market. First National Bank’s holdings and bond absorption influence call loan rates and Treasury price movements, with concern over future liquidity. Clearing figures show substantial activity and interbank transactions across major cities.
Field news favors bulls and supports a firm opening in oil trading. Gains credited to buying in City and Bradford with Pittsburg as light seller. Opening price around 07% with intraday highs near the day’s peak. Cash and clearings show 134,000 barrels. market movement hints at potential downward pressure later. Short interest rising as conditions favor a pronounced expansion in the sector. London quotes list puts at 87c and calls at 81c.
In Titusville on the 26th, National Weather and transit certificates reported varied highs and lows with 67 percent opening and 40 cents highest, 87 cents lowest for different issues. Petroleum opened firm and closed near session lows as 611,000 barrels traded amid modest market activity.
Property transfers reported in the Point of Interest section include L. Frasier selling a new five room frame dwelling on a 25 by 100 foot lot on Aiken avenue near Elmer street in the Twentieth ward to Pittsburg Homestead Loan and Trust Company for 3000 dollars. Major A. J. Pentecost sells two lots on McKeesport tunnel area for 140 dollars. Several minor parcels and sales along Wood street and surrounding areas are listed with prices and purchasers.
Easineas Notes mentions Ms A J Lawrence of Boroul Lawrence returning from the seashore and remarks on health and appearance. The postponed annual meeting of Westinghouse Electric Company stockholders will be held on Tuesday next in September. M W Watt reports stray stock values. demand for shares appears strong in the Valley stockholders claim.
The market finished largely lower with a general upward trend early followed by a retrograde movement. Northern Pacific and Oregon Transcontinental advanced on Willard scheme talk while coal prices rose and Reading lagged. Cleveland and Columbus weakened, rail and oil stocks fluctuated, and a Treasury bond sale helped temper declines.
Philadelphia stocks show bid and asked levels for leading issues. Reading and Mis Ateh list prices. Central, Calumet and Western exchanges appear with varied figures. Other entries include Wisconsin Central and Allouez stocks with noted prices and fluctuations.
Ophir climbs as 400 shares traded while Sierra falls to Consolidator. Yellow Jacket shows mixed activity with slight gains and losses across listings amid shifting demand and investor interest.
Ashland Wisconsin August 2 1900 or with an arsenal aboard every passenger train on the Milwaukee Lake Shore and Western carries revolvers and rifles. Superintendent Hartley has armed train men spending over 300 dollars on firearms. Each coach holds revolvers and three rifles in reach for defense. If more rifles appear on Lake Shore trains a strong reaction is expected.
August 24 report from Lowpow notes John F. Locke refused all settlement proposals from George C. Rawlins over the state senate nomination in their district. Both men claim the Republican nomination and Locke offered no alternative solution.
Active demand for coarse lumber contrasts with lower grades. eggs firm at outside quotes. A carload arrived yesterday and storage was ordered at 173 to 18. Fruit markets steady, peaches and potatoes overstocked, apples slow. Cattle, dairy, and butter steady. coffees, sugars, and dried fruits show firmer tones amid varied exports and regional price spreads.
A jumbled late news brief notes a Milwaukee bidding $25 000 in a corporate settlement for a roe capture project. It describes a Milford site with a granite monument, dredges, and a bridge tower built to commemorate a settler voyage from Newa during summer. The piece mentions a sugar refinery plan with 700 barrels daily output and 600 workers, and a Paris bound clipper breaking Queenstown to New York records by several hours, with notable sea times and distances.
Market notes show tin and silicon domestic prices steady with little change. Lead and other metals trade flat amid floating sentiment as September data arrives, while traders monitor demand and supply signals at the lakefront exchange.
Receipts at the grain exchange show by Pittsburg Fort Wayne and Chicago four cars of corn two of bran seven of flour one of corn four of hay. by Pittsburg Cincinnati and St Louis two cars of hay six of corn two of bran three of oats one of rye. by Baltimore and Ohio one car of cats. The only sale on call was a car of sample cats at 250 spot. Markets are practically unchanged though the general drift favors lower prices. Main difficulty is oversized corn, with prices softening as concerns about large crop matured.
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