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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 25, 1889
Page
7
Drovers report margins wiped out with no price gains and little improvement in cattle and lamb markets. Butchers claim drovers profit, while buyers in Chicago show a softer market. Hides show better demand for buff skins and calves, with improved tone and quality in recent days.
Cattle receipts 1400 head with 620 head on shipments. market weak at lower prices than last week and no cattle shipped to New York today. Hog receipts 3000 head with 28 head shipped. market firm with eight hog cars sent to New York. Sheep receipts 4600 head. price firm at 25 on good grades, unchanged on common.
Livestock market reports show cattle receipts around 102 loads and sheep at 13 000 head for the week, with overall prices fluctuating. Hog prices ranged near 4.50 to 4.90 per 100 pounds, while cattle saw mixed values and slight softness late in the week. Lamb and sheep demand remained steady with weekly shipments near 1 200 head and market strength shown early but easing by close.
The ad proclaims a final week of sales at the PCC, offering a vast stock split into two prices 10 and 2 with over 1000 styles of espects in materials like cassimere worsted and tweed. It highlights price reductions from 18 to 28 dollars and urges shoppers to visit the Grant Street location near the new court.
Wheat trade was largely steady with slight advances for some months and quiet outside news. Corn and hogs saw shifts in shorts covering and light selling pressure. hog receipts were higher than expected, keeping downward pressure near the close. Futures and prices across oats, barley, lard, and butter showed varied but generally firm to steady movement with regional weather influencing tones.
A report notes rising property demand in Hazelwood as rapid transit prospects stimulate sales. A Fourth Avenue dealer recalls selling many plots after belief in fast transit grew, while crop and financial notes discuss steady bank liquidity and crop conditions improving with favorable weather.
The Petroleum Exchange approved futures trading by a 7 to 12 vote. The floor erupted as prices jumped from about 83 1/2 to 101 1/4 within minutes, then faded to around 90 and later down to 85 as traders scrambled to cover. Market activity showed extreme volatility amid expectations of supply limits and July 1 implementation.
The market yesterday lacked new features with only three securities traded and 147 shares changing hands. Electric weakened to 60 in the morning and 491 in the afternoon, Philadelphia Gan rose slightly, and Central sold a small lot at 2 while most listings were unchanged.
Market notes compiled by John M Ongrey Co detail refined petroleum shipments and price quotes across major markets. It lists sources including New York London Antwerp and mentions bids for puts and calls in the oil trade.
Real estate items show W A Herron & sons selling lot No 13 in Hazelwood Ward and Samuel W Black & Co securing a 1500 mortgage on Lamewood Avenue property. Ira McDade purchases in Walter Hay plan Valley View place with 300 mortgage. B Coyle & Co funding 15000 cash on corner Marion Street three story brick property.
Taylorstown reports Aike & Co drilling an oil well on the William Hagerty farm that flowed 120 barrels per hour after sand was penetrated. A second hit at the ON Company's Coffee No location yielded a single strong flow, expected near 75 barrels per day.
National transit certificates opened with a high bid around 80 percent, as Titusville and Bradford markets reported fluctuating activity. The day’s figures showed openings at top levels while indications suggested further changes ahead.
New York investors flocked to trusts as stock activity favored this class while rail shares lagged. Trust issues showed strong demand and higher prices for the first time since the new department’s formation, with limited action in rail securities and a general market softness from scalping activity.
The Banks began the week with increased activity as discounts supported solid engagement and an encouraging outlook in financial circles. Transactions yesterday were satisfactory, reinforcing hopes for a strong week ahead.
Stock activity shows mixed momentum with traders steering through broad downgrades on rail and sugar trusts while lead and cotton sectors see varied demand. Atlantic works rumors buoy some issues but overall volume remains modest as investors await clearer cues.
A terse market note from Philadelphia highlights stock activity and broker quotations. Whi and Stephe firms in Newark and nearby markets are cited for price levels and trading interest amid a cautious session.
Flour jobbers grow firmer in their views while corn and sugar edge lower. Strawberries scarce as season ends due to continuous rains. home-raised berries quality down. New potatoes arrive freely and may drop in price. cabbage is described as a drug. Dairy prices mixed. butter and cheese markets listed with regional quotes. Several produce lines including fruits, vegetables, and eggs appear with assorted prices.
Market notes indicate sugars strengthen with potential price rise while coffee futures edge lower. Several coffee varieties and related commodities are listed with prices in cents per unit, including Rio, Santos, and Mocha beans, plus roasted brands and flavorings. The piece inventories dried fruit, nuts, canned goods, and preserved fruits with prices, indicating a broad retail market snapshot.
Total receipts bulletined at the Grain Exchange show 43 cars, with hay, oats, flour, husks, and wheat moving from Pittsburg Fort Wayne and Chicago as well as oats, corn, hay, and feed from Pittsburg Cincinnati and St Louis. Market tone improves for wheat and flour. oats and hay steady. no call sales. quotational ranges for No 2 red and other grades listed amid limited clarity due to OCR.
Armour & Co. lists dressed beef carcasses 450 to 550 pounds and pork loins at 9 cents per pound. Prices reflect the wholesale meat market quotes for the period.
Fragmentary report notes changes in crop supplies including oats and rye in Chicago. Mentions quantities like 20 bushels and decreases, with references to corn and barley terms and a December date.
A terse note reports a June meet featuring American participants. It mentions a nominal gain and a weak lead, with a reference to $1975 in relation to the event. Details on exact venues, participants, or outcomes are missing.
Wool markets remain steady as receipts reach 29,400 pounds in St Louis. Market unchanged with buyers and sellers holding lines.
A list shows imported wines including Brandenburg Frerca Medoc St Emilion St Estepha St Julien Margeaux Pontet Canet St Pierrie Chateau Leoville Chateau La Ross Chateau Mouton Grand Vin Chateau ux Grand Vin Chateau Lafitte by the case. Entry by G W Scumrpr at 97 Fifth Avenue city.
A fragment advertises 203 and 205 Market Street as headquarters for windows and fencing of all descriptions. It notes big arrivals with fabrics priced at 1 25 and 150 French dress 50 and 65 cents a yard, from Jos Horne & Co. on Penn Avenue Stores.
Charles A. Miller of A Speer & Son Globe Works recounts a long illness starting with cold symptoms, chest pain, and night sweats. He sought Drs Copeland & Blair, improved steadily, and attributes his complete recovery to their care. Miller lives in Ohio Township and works on Duquesne Way near Sixth Street.
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