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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
May 25, 1889
Page
3
Market baskets show improved trade across fruits and vegetables with demand for pink and red roses high and flowers selling toward festival needs. Fresh mackerel led with eastern coast supply at 4e per piece, while butter and eggs lag and oysters fade from market.
Orrice Prrrencne Distatch East Liberty May 24 isi. Cattle receipts 0 head shipments 60 head market nothing doing all consignments no cattle shipped to New York. Hogs receipts 1,496 head 2,000 head market active all grades 470 meet sales 465 5 cars of hogs shipped to New York set bend inetd Boat rena prices.
Telegraph notes New York market data with 42 carloads for market and 57 more directly for city slaughterers. Live cattle steady with higher prices on cows and steers, stockers, feeders active. sheep receipts 4,500 head with firm to higher values and lambs strong. Prices vary by class with calves and mixed lots around 2.50 to 5.00 per 100 pounds and cattle around 3.00 to 4.25 for common to good grades.
May 24 report from Czrcano notes the insane asylum case hearing continued. Ex-Count Commissioner Nelson and Commissioner Kimbel were examined regarding the severity of the complaint while testimony addressed the matter and experts were involved.
Wheat futures and related grains moved higher amid active trading as shorts covered and investors bought. Prices firmed for July, corn steady with modest gains, and pork and lard futures advanced with mixed spot markets across New York and Chicago exchanges.
Special report from Lexpos May 2 describes a barely steady to firm market with moderate trade across steel, iron, and related products. Prices show variation by grade and region with West Coast and Glasgow quotes, steady demand for steel rods and pipes, and activity differing by item and origin.
Drygoods Market New York reports an auction sale of 10 000 cases of colored cotton following prior bidding. The item list and final prices are not fully shown in the fragment.
The article notes a growing real estate surge in Hazelwood and Squirrel Hill as electric roads loom, with land selling around 1000 dollars an acre and values set to rise. It urges county officials to fix bad roads after winter shortages, and praises pruning and tree trimming to improve suburbia’s appearance, citing Wilkinsburg as a sold example. It also reports continental iron markets steady with Germany and Belgium showing strength and France slowly recovering, listing expired patents in the latest cycle.
A fragmentary financial report shows correlations between city clearings and bullion movements across major markets. It lists New York, Boston, Baltimore, London, and Paris with varied balances and bullion shifts, indicating unsettled funding patterns and currency activity.
The oil market remained firm with a high premium as futures showed strength and liquidity. Prices opened higher, rallied to peak near the day, then eased, with 1st loans at 50 cents and reported well activity including Knox No. 5 and McKeown wells varying in output as drilling continues on several leases.
Petroleum prices opened steady and slipped briefly before recovering to close steady as trading moved on fears and shorts. Trade volumes reached 702,000 barrels with regional notes showing vendor and transit certificate readings amid slight declines and subsequent steadiness.
Market notes show renewed strength in Electric as traders expect a favorable verdict in the ongoing trial. The stock moved from 6 to 55 and closed firm at 56 without offers, while Philadelphia Gas held at 30.3 and other gasers remained steady.
Real estate activity surges with James W. Draper & Co placing mortgages totaling 22,000 on city property and 6,700 on additional parcels at 6 percent. Multiple city and suburban lots sell for 4,700 and 1,74 plus houses on Penn avenue and in Allegheny. Other brokers report mortgages, sales, and planned improvements along the electric road, with various properties transferring ownership from Fourth Avenue listings to Mt. Washington and Wilkinsburg areas.
The New York stock market opened with gains but afternoon trading turned lower with most prices marginally down from the previous evening. Strong buying earlier in the day lifted St Paul and Atchison. April earnings boosts were reported for Atchison and St Paul later in May while other rail and utility stocks also rose before money rates tightened.
Yesterday brought a stronger borrowing demand across all local bank branches with several sectors notably active. The Peery ges ove Agee reached about 20 thousand dollars while overall trade balances showed improvement and money in circulation remained steady.
The session shows a firm to small change tone with weaker general list and several low priced shares moving modestly. Denver Texas Ford Worthana Itingetee Foullone listed among movers while unlisted trusts and Cotton On see activity, Brunswick and Oregon Tranepenthoehtal line show mild shifts on active bonds.
A noisy OCR style inventory shows numerous mining stock names and numbers such as Almador Crown Point Homestake Ophir and Consolidated California and Via with varied share figures. The fragment hints at a financial page listing prices totals and company references without full context.
Wool traders report firmer tones in New York and Philadelphia while St Louis notes steady to firm for choice medium fleeces. Texas and California exports show new spring sales, Utah medium wool at about 24 to 25 cents, washed fleeces firm, and Oregon eastern combing wool around 16 to 17 cents amid quiet foreign demand.
A dispatch letter recounts how Virgin Alley was renamed Onto Way after a city clique of politicians led by older Dick Fulton. The tale, told by John Neeb, describes late night yarns and Fulton’s stuttering refrain Onto don’t you know, giving birth to the Onto Club and the ordinance renaming the alley.
The Pittsburg Library shelves a variety of titles including Lives of Twelve Good Men by Dean Burgon and The Social Influence of Christianity by Dr. Hill. Additional works shown are Folk-Lore of Plants by T F Dover and Counter Currents by the author of Justina. Esther Dennison by A Sargeant and Dr Rameau by Georges Olivier are listed, along with Once Again by Mrs Forrester and A Dangerous Catspaw by D Christie Murray. Other titles include The Cost of a Lie by Mrs Cameron Red Carl by J J Messmer Beechcroft at Rockstone by C M xo sees 4 Happy ag rees nebin ecil's Knight by E.
Judge Acheson appeared at the Board of Viewers office yesterday declaring he supports widening Diamond Street. He owns valuable property along the thoroughfare and seeks improvements.
Fragmentary OCR mentions court life and tomorrow's events with names including Mire and Alexander. Details are unclear but imply a legal or court-oriented notice.
Coffee options recover ground while teas rise. Cereal prices show little movement. Eggs are lower and quiet with sales reported as drift downward. Butter and cheese show uneven demand. strawberries abundant with good quality fetching outside prices. Overall, activity is limited and markets are cautious.
Coffee options declined early in the week but regained ground yesterday as stock in first hands increased while dealer holdings remained light. Market mood favors a likely break soon, keeping buyers cautious amid rising prices from recent fires in New York and Chicago and widespread commodity quotes for coffee, sugar, fruits, and staples.
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