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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jan 25, 1889
Page
7
Central Stock Yards reports lighter cattle supplies this week, prices down from last week. Heavy cattle and hogs show declines as stocks tighten, with bulls firmer due to prior high arrivals. Hogs at Liberty seen lower, while lambs and sheep markets soften with 5c declines on Jacobs.
Telegraph notes 04 carloads for a beef exporter and 11 carloads to city slaughterers plus 1 for the market, with 20 carloads of cattle carried yesterday. No trading in beef cattle, chromed beefs lower, native ex sheep and 17 quarters. Liverpool cable quotes rare refrigerator movements. sheep at 25 per 100 pounds. St Louis reports cattle receipts and varied market for steer, heifers, and cows. hogs and sheep show steady to lower bids amid 3,000–4,000 head through consignments. Chicago drovers report weak demand with eased prices. cattle and hog markets unsettled. Revelris and Baltimore show mixed offerings.
Iron market in Pittsburg shows dull activity but firm prices with buyers awaiting lower water levels. Listings include various foundry irons, billets, and scrap with cash terms and per cent discounts. shortages cited for certain sizes and shapes.
Wheat opened near yesterday’s close then declined on large offerings, later rebounded as shorts covered and some long buying emerged. Corn rose modestly, oats held firm, pork and lard showed mixed moves, and receipts and shipments varied.
The Worth British Mail notes Jerusalem as a growing market for diverse goods. Kerosene and white pine lumber reach the city via Austria, good sewing machines could replace cheap German models, and cod liver quinine plus drugs are in demand. The article suggests wide potential for many articles unknown to locals.
The North-Mail notes a growing demand for foreign origin paper in Venezuela. Charges apply by gross weight with packing included, listing rates: 10 centimes per kilogram for paper, 7 centimes for highly finished wall paper, and 5 centimes for writing paper per kilogram.
Market notes show steady New York pig iron and tin with miscellaneous items like copper and wool markers holding. price levels cited include $2 for pig iron and $103 for wool markers, with iron and copper fevers noted and occasional quiet in wool markets amid unclear date references.
A Dispatch reporter later tailed a Fourth Avenue agent to a heated scene outside a window labeled Repairs Department. An angry woman argued with a young man over a bathroom and other house repairs while he fretted about tenant demands beyond rent. The exchange hints at wider landlord pressures amid housing improvements and a wary market tone.
Unusual activity at the Stock Exchange as small holders dumped Electric stock after a reported Supreme Court decision adverse to electric companies. A later note that the ruling related to a refrigerator case steadied prices and allowed overall market recovery with mixed trading across multiple listed issues.
The local money market stayed easy with free checking yesterday though deposits fell below average amid muddy streets and threatening weather. A Fourth street financier notes fewer outgoers, mostly retirees and suburban residents, while calls and time papers showed varied rates and steady bond strength in New York and Philadelphia clearings and balances.
The Petroleum Exchange opened steady as Oil City bought at 5c then sold when prices fell below. Principal traders included McKee Sproul and Lawrence while New York sold at 431 1/4c. The tide turned at Stice.
In Pittsburg, real estate remains in high demand with daily inquiries and several deals closing while others begin. Rumors swirl about Wood street replacements for storm wrecks amid a pending appeal in the Building In- Spees case, delaying firm rebuilding decisions. Nearby property trades include a seven room Locust street dwelling, a Madison Second street lot sale, and a West Avenue storeresidence sale, all reflecting strong market activity tied to the new cable road prospect.
The New York stock market showed limited activity with renewed confidence from foreigners after Bank of England rate cuts. Bears pressed on Hist, Dealers, Union Pacific, and Grangers amid mixed results, but late-day buying recovered most losses as prices firmed versus yesterday. Rail bonds traded modestly with total issues around 1,787,000, while key stocks showed uneven gains and some continued weakness in coal and granger segments.
The Boston stock market opened quiet with irregular tone touching atchison Chicago Burlington and Quincy copper shares down while Henicos rion sad West firmed slightly. Declines appeared in several names including Atch T central and New England Power with mixed activity across rail and utility issues.
New York January 2 mining stocks closed with Amador at 150 Bodle 175 Caledonia 255 Consolidated California and Virginia 757 Commonwealth 550 Deadwood 160 Gould and Curry 270 Hale and Norcross 4 percent Homestake 12 percent Iron Silver 815 Ontario 20 Plymouth 25 Savage 490 Sierra Nevada 200 Standard Union Consolidated 200.
A broad late news brief lists a herbarium gift to a Hungarian museum, a Casar Borgia life work, bond acceptance by the Treasury, resignations of Prussian and Imperial officials, Vienna theater honors, Panama affairs calm, German penal code revision talk, a sheriff’s assignment report, and various international and domestic political and legal items.
Captain J J Vandergrift nearly decides to erect a large office block on the United Pipe Lines and Vandergrift sites. The building will feature a 30 foot front along with access through to Diamond street for use by all companies connected to him. Dr Bell's Gongs Syrup described as having worked wonders for the ownora during the late campaign.
Domestic markets report light receipts of grain and hay due to bad roads and cold weather. Apples flood the garbage pile while prices for most varieties drop. buyers quote flexible prices as traders struggle to salvage goods amid weak demand.
Total receipts bulletined at the Grain Exchange show 16 cars with wheat flour and barley from Pittsburg Ft Wayne and Chicago and hay from Pittsburg Cincinnati and St Louis. Receipts this week remain about half of last week as poor roads slow movement while corn and oats hold steady and flour struggles.
An OCR fragment lists wholesale goods and prices including straw, hay, various hams and beef cuts, dried and salted meats, pails and tubs, and miscellaneous items with per unit or per weight prices. Mentions packing straw, buffalo and Caliterata products, plus torched or cured meats with assorted tonnage figures and catalog-like entries.
The notice lists prices from Armour & Co for Siete Or at age WO. It notes layout and pricing terms, with Lake as a reference point and cen ie B. The fragment provides limited clarity on quantities or deadlines.
At the Chartiers Valley Gas Company annual meeting directors were elected. President James A Chambers reported contract operation by Philadelphia groups, with receipts about 400 000 and expenses around 1 1000 as there were two disputes between the companies over operations, and a March 6 vote proposed a mortgage on the plant for 1 000 000.
Telegraphic advices from Alexandria indicate new cotton arrivals are smaller than in 1887 and the 1888 crop is below average, with about 000 bales. Government railway rate changes are expected to spur large deliveries before the new tariff takes effect.
Glasgow Mail correspondent notes in Yokohama that Japan is building many small cotton factories and setting up extensive mills for rice grinding. The report mentions fast, ready sales of handmills and coffee mills as part of the broader effort to grind rice into fine meal.
Life insurance agents report growing business while The Pittsburg Cattle Company declares a 6 percent cash dividend and 11 percent stock dividend. A proposed fine building on Fourth Avenue will shelter several oil firms, replacing the current office site. A veteran petroleum, stock and metal exchange figure is described as afflicted with rheumatism. Captain Ven. mentioned amid scattered notes.
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