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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Feb 16, 1889
Page
3
The market shows steady declines in cattle and hogs yet retail prices hold firm. Butter and eggs stay firm while fruit vegetables see slower demand, and oysters, fish, and floral trades remain active with varied daily prices at Diamond Market stalls.
Wheat and corn trade shows a quiet session with outside orders scarce and sentiment improving as July futures rise on storm and rain expectations. Prices firm into close with higher May and July values, oats advancing, hog products steady, and receipts varied across grains and byproducts.
Special report from Liverpool to New York notes rising demand for Scotch and Bessemer pig iron, with prices firming. Steel markets remain active while standard sections show irregular activity and moderate trade. Shipping ferrous segments stay steady with specific prices listed for ordinary sizes and mild steel.
Loxpox Pi¢ Tie This market shows irregular trade activity with spot copper around £45 O. Od and three month notes at 106 15 i. Copper prices look weak while chili bars fetch £77 10s 64 for spot and £78 for futures. Lead remains steady with moderate trade at £12 6d. Spelter sees moderate demand with Silesian at 417 ide and tin plate barely steady with light trade.
A brief collection shows wants and offers including sale items and rental opportunities. Listings mention properties and goods with limited details, inviting interested buyers or tenants to inquire for full terms and contact information.
Market notes indicate mixed wool quality from New York Pennsylvania and Ohio with prices and classifications ranging from fine to coarse. Buyers in Indiana and Philadelphia report varied demand while washed and unwashed lots fluctuate in value amid market pressure and regional contrasts.
February trading showed businessmen active with more buyers returning home from Cot. senaeede. The overall tone of the market was upchanged amid renewed activity and cautious optimism from pacesetters in the drygoods trade.
Prof. James Morrow of the Fifth ward Allegheny School was chosen principal of the new State Normal School at Slippery Rock Butler county. He did not apply and may not accept. Morrow has led the Fifth ward school for ten years and is a Washington and Jefferson graduate and a classmate of the governor.
A large row occurred early yesterday morning in the Eighteenth Ward with cobble stones used as weapons. One participant was badly cut about the head, and his wounds were dressed by a druggist's clerk who refused to give his name.
A visitor after 25 years notes Pittsburg’s transformation from crowded riverfront to modern blocks at Fifth Avenue Smithfield. Builders discuss lien law amendments and effects on construction. Real estate agents report scarce East End lots and rising Allegheny demand with railroad expansions. Westinghouse fills Homewood lot at an estimated $500.
Trading yesterday in stocks showed Westinghouse Electric active with 176 shares, while Philadelphia Gas weakened as demand faded. Switch and Signal matched Thursday’s volume at 18, La Noria slid downward, and Tractions ex Central rose slightly. Several banks and utilities listed with varied bids, including Allegheny Gas, Pittsburg Gas, Westhouse Electric, and Western Union among others.
Report from the local banks shows deposits steadily accumulating while discounting remains moderate. Clearing figures include Boston balances of 14,138,042 and Philadelphia clearings of 90,735,152 with 11,608,541 in reserve. New York money on call was easy at 3/4 percent with last loan 2 percent. mercantile paperPrices and other balances noted for several cities.
The oil market stayed active with a bullish tilt despite heavy selling pressure. Prices swung from a high near 20 to a low around 9, closing near 9. They differed on whether prices would rise further as brokers noted a bullish trend despite the day’s harsh trading.
Stowell's Reporter details a sharp drop in oil stocks in New York Pennsylvania and Ohio from January to the prior period with a 890 206 97 barrel decrease in stocks and a 4 873 61 decline in aggregate value. Production rose slightly from December to January while receipts and shipments fell significantly.
A fragmented petroleum market note from New York reports February activity with price moves, a rally fading into declines, and a total of 1,025,000 barrels sold. Mentions firms in Titusville and New York with varied price points and closing values.
Real estate activity showed strong interest in unimproved lots and small houses in the East End with inventories thinning. James W. Drape & Co sold two Allegheny properties totaling six rooms for 7 750 and arranged several mortgages including 2000 on Mt Washington, 1000 on Killbuck, and 7 at five percent on a Penn avenue site. Simnel W. Black & Co. titled a five year 6 percent mortgage on a Fifth Avenue three story near the market house. Reed B. Coyle & Co. sold four Homewood station lots near the Pennsylvania Railroad to Laura C. Wightman for about 2,000. Black & Baird sold Penn avenue properties Nos 250 and 2505 with a long lot to Mulberry alley for 9 000.
Active trading on February 15 left most stocks slightly higher with Grangers leading movement. Burlington gains drew buyers as Rock Island and Burlington advanced, while Northwestern and Big Four gradually climbed amid a buoyant mood. Bond activity rose with broader share strength, though many names showed only small changes and the day closed with a firm tone.
Boston on February 14 reports call loans at 2 4 percent and time paper at 3 6 percent. Government bonds firm. market dull but steadies after the Chicago Burlington and Quincy signed the Presidents' agreement, with rails such as Atchison gaining firmer tone. Several securities listed include Bell Telephone and various regional issues with mixed movements.
The Bureau of Statistics releases a summary of U S iron ore and steel trade for 1888 versus 1883 showing a sharp drop in imports across most items while cotton ties rise from 48 5 million to 67 9 million pounds and hoop iron jumps to 873 thousand pounds, with tin plates up about 6 percent.
Readable figures show prices for Amador in Caledonia 275 Consoli dated California and Virginia 737 Deadwood 180 El Seah 140 Hale and Nor Mexi 205 Stadard ld and Silve ee 108 Mexican Stan ver Silver Cord 100 Sullivan 133 Union Consol dated 270 Yellow Jacket 950.
Friday February 15 1880 at the East Liberty Stock Yards shows cattle receipts 1380 with 1000 head shipped. market quiet with no cattle sent to New York. Hog receipts 2300 with 3800 shipped. market slow with high Philadelphias at 480 to 485. pigs and Yorkers around 480 to 485. Sheep receipts 1000 with 1200 shipped. market dull with prices 40 off from yesterday.
Telegraph notes mixed cattle and hog receipts across major markets. New York gains and losses reflect shifts in steer and cow prices while beef imports and exports adjust. Chicago and Kansas yield lower cattle prices with steady sheep and steady to lower hog figures.
Three men entered Mrs Johnston's residence at 73 Center Avenue on Thursday night and robbed her of 57 dollars. They were arrested after police were called, giving names Martin Farrell Frank Gallagher and Wm Marquis. The stolen cash was recovered from one of the men and all three received 30 days in the workhouse.
Fragmentary text hints at a bank loan on real estate with terms unclear. Names, dates, or places are not interpretable, but the note signals financial dealings tied to property and lending.
A commissioner notes 192 apples rot from 500 barrels over three months while 12 barrels of fair apples sell. markets for butter eggs cheese remain firm though cheese underperforms. Prices for other produce and staples such as potatoes, cranberries, citrus, meats, and staples are listed with varied projections.
Total receipts at the Grain Exchange reached 37 cars as hay oats flour middlings moved through Pittsburg Ft Wayne Chicago and Western routes. A Pittsburg Cincinnati St Louis run listed hay corn oats screenings and four, while a Pittsburg Western tally noted hay. A market watcher warned of bulls and bears in wheat with prices expected to settle higher, farmers delaying wheat awaiting weather in March and impacting stocks and prices. Wheat No 2 red and No 1 yell bids and mixed prices noted along with shell values and white Grade entries.
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