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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Oct 05, 1889
Page
3
The dispatch reports last week's trade in market basket items with dairy products rising while fruits declined as peaches and melons near season's end. Tomatoes potatoes and fish oysters show mixed prices. pork poultry remain scarce. floral trades rise with notable weddings boosting demand.
Cattle receipts 6,400 head with no cattle shipped to New York today. Hogs receipts 3,900 head with 3,700 shipped. market dull. Best hogs to New York sellers 50 to 70 cents, common 45 to 60 cents, medium and heavy hogs 40 to 46 cents. Sheep receipts 2,600 head with 2,000 shipped. market dull and unchanged.
Receipts vary across regions with strong demand for native and graded cattle. Steers and fat cattle hold steady to firm levels while hogs edge up, calves and sheep mixed. cattle shipments emphasized by ranchers and stockyards across Kansas and neighboring markets.
Chicago and Minneapolis reports showed ample arrivals and lower buying prices depressing sentiment. Prices fluctuated within narrow limits with a slight late uptick, while oats and corn remained quiet or soft. Soy markets and pork noted steady to firm care, with rails on short ribs and lard firmer in early trading.
Lonpos October 3 reports active commodity markets with higher pig iron prices. Nes Nos West brands and Middlesbrough Pig show firm demand. steel products like wire rods blooms and billets stay steady or firm. Shipping points note firm prices, with New York demand and general market strength noted.
The article urges builders to focus on affordable four to six room homes to accommodate a booming population. It notes rapid suburban growth driven by transit and warns oil and gas fields face salt water problems affecting production. It also reports on property buys in Sewickley, patent office finances, and a warning about a bogus Globe Patent Company fraud targeting inventors.
Very little market activity at the Stock Exchange with only 10 Airbrake shares sold in the morning at a concession from prior prices. Afternoon trading was quiet as sellers outnumbered buyers and prices remained too high for orders.
The market shows no change in the local finances with a small surplus evident. Rates remained steady and calls strong, while Treasury coin and bank clearings data hint at cautious conditions amid fluctuating sentiment.
Oil prices opened weak with a slight rally later as stocks rose and oil firmed modestly. Trading stayed light as the market watched sentiment around Jefferson Center and broader energy shares. D. M. McCall begins development of a new oil field north of Tidioute with a derrick on the Gilmore lease and a drill started. test well on the Wilson farm near Wellsburg West Virginia shows oil and promising Brooke county prospects.
Daily market features edited by John M. Oageley & Co from Sixth Street, listing members of the Pittsburg Petroleum Exchange and notes on charters, types of bets and options including puts calls and other entries.
Oil markets reported steady to dull trading with early gains fading. National transit certificates opened and closed at modest levels while sales reached about 133000 barrels and shipments totaled 62381 barrels with New York activity showing a 50,607 barrel run.
Magaw and Goff sell 1734 acres near Reflectorville close to the Pittsburg and Castle Shannon Railroad and plan weekly payments. Thomas McCaffrey sells properties at Fortieth street, Liberty avenue, and Forty-ninth near Harrigan street with multiple dwellings and prices listed. James W. Drape & Co. handle multiple property sales, coal and farming interests, as well as extensive mortgage activity across Keesport Southside East End and suburban areas.
New York markets fall on strong money pressure andbearish trust fears with cotton oil leading losses. Trading shows sharp intraday swings as shorts cover late, while Manhattan recovers and overall list remains irregular. Local business notes cite plans for bridges and mills, with electrical and gas industry updates.
Wool market reports indicate varied demand and prices across Philadelphia New York Texas and Canada. Terms include fine and medium classifications with values around 80 to 87 cents for washed and delaine types and coarser grades costing lower per pound.
Domestic markets report dairy active but stable while potatoes ease and fruit supplies tighten. Grapes and quinces slip in availability as apples demand rises. late York State pears and chestnuts appear for the first time this week.
Market notes show receipts from Pittsburgh Fort Wayne Chicago and Lake Erie with cars of hay flour feed oats barley and other cereals. Prices drift lower for flour while overall demand remains active led by jobbers. No 2 red corn No 2 white oats and rye prices listed with multiple grades and regional references.
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