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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 08, 1889
Page
3
Reports from Pittsburg markets show a unusually quiet week with supplies tight for fish and poultry. Strawberries scarce due to rain and cold. tomatoes scarce and higher. home grown peas plentiful but prices lower. florists note weak trade as calamity in Conemaugh Valley dampens events.
The report notes firm demand and steady prices across iron and steel products. Quotations include Spiegeleisen at 385.0d, Engin at 61.10d, No 6 steel at 0d, and Blandard sections at £4 15s 0d, with heavy wrought at £26 shillings per ton and market activity seen in New York and Wales.
A late edition notes trading activity easing in the market with prices quoted lower. Analysts say the lighter demand steadies the market after a period of volatility.
The Continental iron market has been unsettled by Germany's colliers strike. The German market is disorganised and buyers restrain purchases while sellers delay new engagements. Coal shortages deepen business caution across the industry.
Chicago wheat rose as export clearances and buying supported futures amid expectations of a weaker government report. Rain in the West and Northwest tempered mood, shorts bought aggressively, and cash milling mixed with firmer bidings. Corn traded steady to higher on demand while oats and rye stayed subdued. commodities markets reflected cautious optimism and broader weather influence.
Wool sales show firm prices with improved demand across states including Ohio Pennsylvania and Texas. Prices for various grades from fine to coarse range from about 2 to 8 cents, with active buying by manufacturers and limited new sales in Wyoming and other western regions.
Advance sheets from the Geological Survey of Canada present statements by E. Gosta on Canadian ore. They discuss sulfur content in ore and its impact on production and marketability, noting recent years show trends in sulfur levels and related effects on ore value.
The Dispatch notes a Penn avenue mortgage amid signs of a lumber boom. Flood losses in the Susquehanna valley are cited as boosting demand and prices, with builders delaying Pittsburg projects. Illinois coal expansion and a new strip mine near Vermilion are described, plus mortgage activity on local real estate and soda water cautions from Surgeon General Hammond.
Fragmentary banking figures show demand exchange at Hag Toesday Bille and 91 aeRy, bullion withdrawals, and clearing balances. References to New-Clearings, London and Chicago markets, and Bank balances appear garbled with mixed currencies and percentages.
A subdued trading day with slight movement in stocks. Gas issues such as Philadelphia Gas moved around 37 while Westmoreland and Cambria Gas saw bids near 15 with holders reluctant to sell. Pittsburgh and Allegheny traction and electric shares showed limited activity, closing near day lows as overall demand remained tepid.
Financiers report modest pickup in business but overall activity remains below average. Mail service improves with a large batch of checks from the East. Many who lost receipts or faced circumstantial barriers struggle to engage in ordinary purchases as conditions slowly stabilize.
The oil market showed mixed activity with prices opening at 8235 and closing around 824 per barrel. Traders expect changes in the next weeks and a conference in Bradford on June 12 to reorganize exchanges and expand trade.
OCR snippet mentions various transit centers and rates with values like 830 and 8240, noting openings and closings. The text is garbled with many illegible names and figures, making precise details uncertain.
The firm Gracbing and Lyon at 135 Fourth Avenue sold multiple Minneapolis and Allegheny properties for various sums. Transactions include eight-figure style mortgage activity on several parcels, with buyers and locations such as West Bellevue Taylor Street and Sixth ward Allegheny, plus multiple small residential and industrial lots.
The opening session showed a strong start but rapid decline as adverse factors grew. Realizations stayed heavy while some names like Wheeling Lake Erie New England Union Pacific and Oregon Short Line showed brief strength before broad declines and trust pressure dominated late trading.
Fragmentary text appears to reference Wisconsin and California items with stray words and dates. No coherent event or entities are readable to summarize into a full news item.
A list of mining shares shows Por Jane Amador Caledonia RB Deadwood Dunkin Eareke El Cristo Homestake Horn Silver Mutual Smelting anding Consolidated Vir Ti and Naver 575 800 100 36 200 9% 10.00 110 115. Price levels, share counts, and percentage returns appear for multiple companies including Standard Savage and others in a compact trade summary.
Cattle receipts two head with no shipments to New York. Hogs receipts 1200 head with market fair and no hogs shipped to New York. Sheep receipts 400 head with all sold at about ten cents higher than yesterday.
New York and Chicago market quotes show cattle receipts heavy with dull to lower price levels. Slaughterers and cattle in pens sold steady to lower with common to prime steers at varying bids, while hogs and sheep receipts increased and market remained weak to steady across Kansas City and St Louis reports.
News from Livingstone reports a morning fire at 3 30 in the artesian west district destroying 16 houses. Origin unknown and no insurance coverage noted. Separately in Alabama the Alabama Great Southern train collided with a trestle fire at Carthage gravel pit. brakeman killed, engine and cars burned, most mail saved, no injuries.
All is calm in Apia Samoa as German warships depart and a truce holds between natives. Mataasio plans to concentrate about 3000 fighters in a single camp while British Rapid sails to Fiji and the American steamer Nipsic remains in port.
A garbled text segment lists varied names and phrases including Mrs John Sherwood and Benjamin Franklin like references. The legible parts hint at a muddled historical or biographical note without coherent events or dates. No clear incident or outcome is identifiable.
Fragmentary OCR item notes life on a farm with unclear references to individuals and activities. The readable pieces mention rural routines and possible local context but lack names, dates, places, or concrete outcomes.
Domestic markets show reliable eggs firm butter steady cheese more quiet. Strawberries in good supply with waters delaying harvest. Western millers cut on prices while demand remains active. South and Eastern train blockades partially broken affecting fruit and vegetable shipments. Fruits and vegetables face slower imports. assorted produce prices listed for beeswax, cheese, eggs, and grains.
A dense catalog of commodities appears with prices for coffee varieties such as Rio and Mocha, syrups, baking soda, canned goods, dried fruits, nuts, and fish. The entry notes market conditions with margins tightened for jobbers and firm coffee costs, reflecting era price dynamics.
Grain Exchange reports light receipts for cereals with active trading yet falling prices. Pittsburg, Port Wayne and Chicago shipments include 5 cars of hay and various flour and feed items. one call sale shows vacant demand. A Minnesota price war pressures local commissions as cash buyers seek barrels of spring pastry at 5.75 per barrel.
A garbled OCR passage references California hams dried beef bacon and pork products with scattered values and terms like Pigs feet and family mentions. The text is fragmented with many unreadable words but implies a market listing or note on meat items and prices.
Armour and Co publish dressed beef carcasses priced 450 to 560 f a and pork loins at 9 cents. The listing shows bid ranges and unit measurements in a brief price notice.
June 7 reports trade in first hands is moderating with no change in firm conditions. Jobbers gain some package business competing with agents as goods have been advanced.
The notice outlines two proposed constitutional amendments presented for approval. It notes joint resolutions across successive sessions and calls for the General Assembly to enact enforceable laws at the first session after passage of the new article.
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