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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 07, 1889
Page
3
Oyster season opens with fair activity and expected short supply. Prices move for fruits and vegetables with peaches scarce and higher, while grapes, tomatoes, and cauliflowers show gains and pineapples arrive fine. Eggs and butter rise, poultry tight, fish demand exceeds supply, and florists showcase strong Exposition displays amid cautious trade.
Market summary notes cattle receipts at 2200 head with shipments at 340 head and no cattle sent to New York. Hoos and Yorks prices vary from fair to good with medium to light offerings. hogs show several cars shipped to New York and prices listed.
Cattle receipts across Kansas City and Chicago total thousands with shipments from 1 865 head to 10 000 head. Markets show mixed strength with good to choice cornfed steers and stockers, while hogs softer and sheep steady. Regional prices range from 1 50 to 4 75 for natives to quality heavy steers and cows. Texas cattle and western traders appear in the mix.
Bearish pressure dominated the Chicago wheat pit as warm Northwest weather dampened demand. Prices eased from yesterday with May futures leading declines, while corn and oats traded weak to mixed and pork and lard showed uneven shifts in late session.
The metal market shows mixed signs with tin firm at 21 25 in New York and flat activity in the tin trade overall. Copper remains steady while lead holds a steady yet moderate demand pattern. chrome and zinc values are quoted but activity is quiet.
In New York on September 1 business in dry goods remains active with jobbers and agents. The gemandatoret bands are healthy and widening. Market sentiment is buoyant, tied to national prosperity and crop prospects, with cotton and woolen goods moving from agents in large quantities along the line.
A charter is filed for an electric road from Allegheny Cemetery gate to Sharpsburg and Aspinwall, linking with Citizens' Traction to boost property values. Plans include enlarging cattle yards, moving Torrens shop operations to Walls, and promoting Aspinwall as a premier county residence area with several dwellings planned.
Stock exchange activity was light with 110 shares traded led by La Noria and Philadelphia Gas. Insurance issues and Forest Oil advanced, Natural Gas of West Virginia gained, while Pittsburg weakened. Pleasant Valley Railway new stock showed bid and ask with no trades. La Noria remained at 144 and 14 1/4 cents.
Loco bankers note stronger borrowing, with several banks discounting at 6 percent. Less than that rate reserved for first class collateral and short terms. A financier cites favorable weather lifting business confidence and anticipates steady improvement and higher lending through the season.
Requisitions shrink pay rolls and heavy drafts strain the country as Bank clearings vary. New York, Philadelphia, Boston, Baltimore and Chicago report mixed totals with sterling steady and bullion transfers to the Bank of England noted.
The oil market opened at 97, rose to 88 34, fell to 97 1 2 and closed at 06. The move came from shorts covering, with New York and Oil City cited. Pittsburg brokers report very light trading, signaling dullness. several new wells and purchases are noted in Jefferson Center, Evans City, and nearby fields, with August Lima district totals and September rig counts listed.
Corrected daily by John M. Cantey and Co. 45 Sixth Street, members of the Pittsburg Petroleum Exchange. Jeninea Remade street fread of A B McG and Cote: P calle, Seige rew io. quites 8T3f0.
National transit certificate openings and closings noted for several cities with volumes of clearances and barrels. New York petroleum market opened steady and climbed to strong levels before ending firm at 58 9 16 cents after seeking gains and modest pullback.
Real estate listings show multiple auctions and sales across Pittsburgh area. Properties on Water Street, Oakland Avenue, Arlington Avenue, Hazelwood Avenue, Euclid Avenue, and Forbes Street exchange hands or bid, with adjournments and cash purchases cited. notes mention Wilkinsburg, Reflectorville, and other local plans.
A Friday session with modest overall gains as professional profit taking and room trader selling paused to let large operators reprice holdings. Coal stocks led the afternoon rally with Richmond West Point and Grangers driving notable movements amid mixed volumes and a few fractional losses.
A Wolverhampton letter notes ongoing practical difficulties with water gas as a fuel. A Hull jury blamed Yorkshire Water Gas Co after a stand worker, Joseph Cade, was killed by an exploding cover at the Yorkshire Agricultural Show. The verdict highlights ignorance of water gas properties as a major casualty cause.
The market shows stronger inquiry for domestic wool with higher sales volume and better inquiries from manufacturers. Montana and Ohio wool sold near current quotations, while Michigan and Pennsylvania listings fluctuated. overall sales reached about 2.6 million pounds across all grades, with various lots like combing and delaine trading at mixed prices.
Friday market notes indicate firmer prices for creamery butter and cheese in the West, with eggs rising while peaches remain scarce. Delays and wet weather depress trading. dairy packers and mixed groceries list varied items and prices across regions.
Receipts bulletined by Pittsburg Fort Wayne and Chicago Sears report wheat oats hay flour corn bran straw and more moving, with one car on call cited. Supplies beyond trade needs prompt holders to concede to sell, while frost forecasts and strong yields temper wheat hay and oats prospects. The article notes various No 1 No 2 and extra grade cereals and flour prices amid market caution.
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