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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
May 03, 1889
Page
7
Hog prices at the market edge up from yesterday with tops at 8 while Liberty reports light receipts all week. Markets are easier today than Monday and trade activity in hog products shows limited encouraging elements amid a $660 run.
Market receipts and shipments across major regions show cattle and hogs steady to weaker. Beef surpluses, live weight sales, and export figures reflect a cautious trend with price ranges noted for dressed beef and common to prime hogs. Data covers Beves ex ton live and dead, Be trading, and regional totals for shipments and shipments to slaughterers.
Grain and livestock markets varied with July wheat futures lower yet cash fruit market steady. Butter and flour steady to firm with regional shifts in corn, rye, and oats. pork and lard active in certain markets while cottonseed and molasses held firm amid uneven demand.
A week of rising demand lifts prices and sparks cautious hopes for an early advance in Pittsburg iron. Mills have shut down some production, easing a heavy market and aiding brokers, with prices for various iron products listed in a steady to higher range.
The Pittsburg market reports several sizable transactions including a Westmoreland county farm at 2100 and 12 Stanton avenue houses at 12250, with other sales on Fifth avenue Oakland at 8100 and Reserve township land at 200 to 275 per lot. Progress on several large deals maintains buyer interest and signals ongoing activity through summer.
The stock market shows weakness in Philadelphia Gas with a full point drop to 14. Electric remains weak with 100 shares at 73 1. Tractions stay strong and in demand, Wheeling Gas firm, switches near steady. Total 1,000 shares traded with bids and sales noted for Philadelphia Gas Pittsburg Traction Electric and Western preferred.
Banks reported fair counter business with checking the feature and little paper offered for discount. Rates remained steady at 10 percent. Clearinghouse report noted proportions and balances. New York banks expected to pour in after the long vacation, possibly lifting the market.
Brokers returned to brisk activity after a three day break as prices moved up to 84 40 then to 85 0 near close, driven by fear of scarcity. Forenoon loans ranged 1 to 8 for clearances, while afternoon trading showed fair volume with renewed efforts to realize gains.
Samuel W. Black & Co sells five Stanton avenue houses to a Fourth Avenue business man for 12 250 dollars. C Behringer & Son sell farm and Glenfield lot in Westmoreland and Miss Elia Beurmann sells to A R Dunlap. Dr John Loran’s Oakland residence transfers to Mrs Sarah A Morgan for 8 1 0 00 dollars. Beale Bailey sells town lots for 275 dollars and Grote estate sells two lots to Pittsburg Homestead Loan and Trust Company for 1 dollar. Stock totals across New York exchanges are listed for Delaware Lackawanna and Western Louisville and Nashville and others.
Iron City National Bank declares a semi annual dividend of 4 percent. Fidelity Title and Trust Company increases surplus after Real Estate Savings Bank dividend. Monongahela National Bank withholds dividend and adds 10 000 to surplus. Oliver Bros Co and Republic Iron Works purchase territory in Bellevennon natural gas field with a well flowing at sea level pressure and pipeline plans. Burgess McClure of McKeesport refuses to answer unrelated accusations. The Wilkinsburg water works main crosses the Pennsylvania Railroad yesterday.
New York May 2 The stock market showed moderate activity with a strong front and notable gains across the list. Boston stocks were prominent in the upward movement while bears challenged early. westerns, Atchison North Burlington and Rock Island led in advances.
Fragmentary stock market notes mention quotations for fur brokers in Philadelphia and related firms. References include New York and Pittsburgh routes and various rail and trade names. The garbled text hints at broker names and regional listings without a clear cohesive report.
Special Telegram from New York notes wheat stocks at Minneapolis Saint Paul Duluth Minnesota and Dakota interior railways and Northern Iowa Western Wisconsin elevators totaled 477000 bushels last Saturday down 1515000 bushels from a month earlier. Stocks now stand at 785000 bushels, or 18908000 bushels more than this year.
In Albany yesterday new elected directors of the Mexican Central Railroad were announced as elected for the coming year while the old officers were reappointed. Gordon McKa-At Albany was named as a new appointee. John Collina, an engineer, and Sarah Gardner were listed among those associated with the board.
Mail your sample of Demulceot Bhaving soap for a month for 2 cents. Also offers boys waists and shirting in fine American patterns, fast colors, with cheap prices. G. W. Schmidt's advertises Pennsylvania Pure Eye Whiskies and Rent Sour and Sweet Mash Whiskies at 97 Fifth Ave.
Fragmentary note records a price and trade entry involving B. and B. with a 53 finｅ amount and an import price around 15 cents, plus a reference to Bocas and Be.
A dense OCR fragment lists assorted commodities including coffee varieties, sugars, oils, cacao, nuts, dried fruits, and canned goods with assorted prices. It mentions Rio brands, Union Java, Maracaibo, and Valen cia origins, plus biscuits, starch, London layers, currants, and anchoring ship terms.
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