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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Mar 30, 1889
Page
3
Florida strawberries sell at 1 dollar per quart while home grown cucumbers onions and lettuce are in demand. Diamond Market dealers note steady trade with price resistance low for quality goods and fish in good condition as Lent boosts meat substitutes and prices vary by item.
Reports from Chicago Cincinnati and Chicago markets show firm to strong cattle and hog prices with steady cows and varying stocker demand. Receipts include 1 490 cattle 2 400 hogs and 6 000 cattle at Drover's Journal. New York carloads for export and slaughterers direct affected by weak and lower prices
Chicago grains traded unevenly with a late rally as shorts covered and July futures weakened early before a broad uptick. Wheat and corn showed mixed moves amid weather concerns, while soybeans held firmer and livestock futures pared losses in a choppy trading day.
Market briefs indicate Philadelphia wool steady while New York wool weak with limited activity. Prices for coarse and fine lots vary, with buyers noting nominal firming on certain grades as the market remains cautious.
A observer claimed Pittsburg was finished but builders expect 3000 new houses this season, housing about 15000 people. Local capital backs $162000 in mortgages this month, much home money, refuting East money rumors and signaling a sound, active Gas City market.
A sluggish market greeted trade with local stocks broadly weaker and dull. Traders cited scant buy interest as investors wait for a forthcoming deal, with total daily turnover around 700 shares and notable activity in Electric and Wheeling Gas among a few issues. Real estate moves include several Pittsburgh area parcels and a notable sale of Central Station property on Diamond Street as plans to widen the street loom.
The day’s banking transits exceeded the prior three months with discounts at about six percent. Deposits were large and the Clearing House operations were steady as paper exchange and balances remained dull.
Oil traders reported a bearish mood at the opening on the Exchange as wells like McKeown in Taylorstown field posted strong forenoon output and Mashey at Brush Co. showed prebane activity. Dealers varied, with some faith in staying power despite a day of selling that trimmed gains before a late rally.
Heavy selling in late trading led to sharp declines for Union Pacific and Atchison Topeka as rumors of Boston troubles circulated. Missouri Pacific and Lackawanna fell after dividend news and stock manipulation rumors, while overall market activity remained centered on a few leading issues.
Serene reports stock market shifts with notable mentions of Ex Boston Stocks, Arch and Top. 1st 78. i Eatland common. Regions include Boston Maine and GB BO with unclear values.
An OCR fragment advertises hotels and real estate firms in Atlantic City New Jersey. It notes resorts moved to the beach improved ocean views salt water baths and an elevator. It mentions E Roberts Sons selling best ice and a Polar Bear trade mark and lists a university office move to Thirteenth and Pike streets with telephone numbers.
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