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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jan 26, 1889
Page
3
Retail and wholesale trade in Saturday market basket lines show little change amid open winter. Eggs and dairy remain under pressure while meats and butter hold prices. Flower and oyster trades offer slight relief as winter favors consumers with plentiful down the bay oysters and steady creamery butter prices.
Frinay January 25 1859 report shows Carrie receipts 1800 head shipments 1980 head with market quiet through consignments No cattle shipped to New York today Hog receipts 2100 head shipments 3700 head market fair prices steady stock and Yorkers reflect unchanged values
The report notes cattle and sheep trade conditions with mixed demand. Cattle viewed as steady for choice animals but dull for inferior stock. native steers sold up to about 25 to 44 dollars per head, with live shipments and various loads noted. Lambs and packing stock saw softer pricing as buyers and sellers adjusted to market conditions.
Rosten Wool Market reports steady prices with sales totaling 200 400 pounds across grades and fair trade. Ohio Pennsylvania fleeces fetch high draws while Michigan Wisconsin demand remains cautious due to low on hand stocks. Unwashed combine fleeces meet demand and small sales continue inTerritory with minor activity in delaine and blood varieties.
Market report notes a lack of active demand for finished whisky products. Producers report subdued orders and cautious buyers, with inventory building and price concessions observed in several districts.
Trading was active in wheat with heavy short coverings and new buying by multiple houses. Prices opened near yesterday, then declined, rallied, and closed a shade higher, amid limited selling. Corn and oats saw narrow fluctuations. pork, lard, and short ribs showed varying moves with overall firm tones in late trading.
Partial OCR overhears receipts for various textile goods and mills across cities like Philadelphia Philadelphia and Michigan with coarse and medium washed delaine types and Canada washed combing. Shaky listings mention Sage medic on washer and various regions including Eastern Oregon and New Mexico.
Lancaster January 25. John H. Musser, a prominent Columbia businessman, left home claiming a Lancaster visit and sent a note saying he would not return. He took Miss Gertie Kerr of Wrightsville on the Susquehanna and is believed to have eloped. His business records show no discrepancies.
Albert Campbell and Samuel Geiger faced Alderman Gripp after a hearing and were committed for larceny and burglary. Prosecutors William Harris and L K. St. Clair alleged break ins at their houses, stealing $58, two watches, a revolver, twelve gold rings and cuff buttons.
On February 1 freight rates from Pittsburg to all Montana points rise. Iron and steel items in carload lots will increase by 5 cents per 100 pounds.
The Penny Savings Fund, started in 1879 in Philadelphia, educates the poor in saving pennies with about 4000 depositors. A Pittsburgh observer calls it a good charity with little cost and suggests trial as a Pennsylvanian annex to existing banks, to promote economy among the needy.
Scare in Electric stock fades after Supreme Court影 decision as brokers meet at the Exchange. Electric finishes strong near high-water mark while Chartiers weakens on merger reports with Philadelphia Company and potential April dividend rumors circulating. Light offerings and firmer bids reflect improved market tone.
The local money market showed no new features and remained largely as previously reported. Clearing House data indicate exchanges around $1,685,672.70 with balances near $263,291.82, while New York mercantile and bill rates held with steady activity across bank clearings totaling about $107,484,78 and balances near $1,147,761.
Eastern oil markets rally after Standard and Producers Association reach accord in New York. Prices open at 87 0 and climb through the day amid heavy buying and rumors of further gains. Brokers warn of volatility and caution against overreaching in a volatile session.
Petroleum opened strong at 70 and rose to 3 cents, then rallied in the afternoon to close firm at 7 cents. Trading was active with 2,900,000 barrels sold.
The McAuley property at Duquesne way Fourth ward sold for 17200 dollars with dwelling and stable on a 35 by 164 foot lot. W A Herron & Sons report strong inquiry on property and several mortgages arranged. James W Drape & Co closed on multiple lots and ground parcels in Allegheny and nearby towns with financing at six percent.
Several manufacturing interests visited to study natural gas as cheap production and consider relocation to Pittsburg. East coast firms wish to stay unnamed but are in talks with a Fourth Avenue realty firm. Southern Ice Company of Columbus Ga eyed Pittsburg, with a favorable report and plans for ground and building costs not less than $100,000.
Wilkinsburg residents back another drilling effort to exhaust the gas field. The company issues bonds to fund new operations while the old well shows strong pressure. Nearby Turtle Creek forms an oil and gas company with bonds for Montgomery farm leasing and surrounding acreage.
The Herdman building on Wood Street damaged in the storm will not be demolished. Arbitrators report walls can be repaired and the structure saved. Four other buildings will be razed to make way for a handsome five story business block, plans to be shown to owners next week.
The New York stock market remained dull with prices moving within a tight range. Active shares such as Reading Lackawanna St Paul Union Pacific Richmond and West Point on Texas Pacific showed little movement with minor declines and a firm closing tone amid later intraday activity.
Philadelphia stocks closed with little change as the market showed no strong catalysts. Notable quotes included readings from the Philadelphia and New York exchanges with modest activity in rail and industrial issues.
Stocks in mining firms such as Amador California Neadwood and Ophir rallied on a New York list. Prices cited include Amador 150, Tron Silver Northelledale 240, Ontario S300, Ophir 450, Plymouth 10, Joan noa 115, Silver King 110.
An 1880 Pittsburgh section includes a resort listing for Mountain Park with marble baths and glass porches, led by G. K. Lansing, plus a county commissioner schedule showing district hearings in O’Hara Union Findley Robinson and others on January 24 to January 30. A natural notice announces administration for the estate of J P Meyer with Emilia C Meyer as administrator and claims to be presented.
The report notes firmer choice butter in the East and softer prices locally with hard pan. Eggs show no real improvement, while fruit and vegetables remain buyer-friendly. Coffee and sugar move and flour may fall if wheat markets do not improve. Prices for bacon, lard, and various produce items are listed with ranges across regions and brands.
Fragmentary OCR lists Armour and Co dressed meats with beef carcasses price ranges and quantities in pounds and shillings. Missing full details obscure exact figures and units.
Fragmentary OCR text provides no coherent event, names, places, or dates to summarize into a factual newspaper card with distinct entities. The readable parts are insufficient to determine a main action or outcome.
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