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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 11, 1889
Page
7
The Dispatch reports a brighter business tone across sectors in early September 1880 with improved cereal markets, higher leather and rubber goods demand, and strong carriage hardware sales. Local firms note record August activity, robust fall prospects, and renewed collections boosting trade volume.
Office of PrersnenG notes cattle receipts around 400 head with fair market and no cattle shipped to New York. Hogs receipts 10 head with slow market. best light Yorkers 4.0 to 4.5. 1 car of hogs shipped to New York. Sheep receipts 22 head with 1,400 head shipped. market firm and prices unchanged.
Telegraph dispatch notes receipt totals and price shifts from Texas to New York and Kansas City. Beef cattle and veal prices vary by region while lamb and sheep values adjust. hogs show a dull, uneven trend with some weekly totals.
A market summary reports domestic wool inquiries steady with good fleece lines moving. Prices are quoted for various grades such as 82 to 88e for K and 84 to 94e for others, with Combing and delaine fleeces in demand and territory wools selling on secured basis. Michigan and Ohio fleece sales noted.
Prices advance as receipts grade poorly and No 2 stocks thin in elevators. Bulls push Dec and May futures higher amid rumors of a weaker government crop condition. wider market firmness supported by margins in corn oats and pork with fluctuating cash quotes across Chicago and New York exchanges.
A traveler recalls a teamster tale from the Rocky Mountains about a mother bear guiding her cub. The cub lingers, receives scolding cuffs, and then obeys as the mother leads the way up the mountain, illustrating firm maternal control. A stray note about a suitor also ends the fragment.
A Fourth avenue dealer notes steady values with potential for fall activity and few price declines. Wool markets rise with firm demand for goods, though margins stay tight. A $490,000 manufacturing property deal advances as mortgage leagues and labor Day push gain national attention. Railroad earnings and Russian bankruptcies shape Wall Street sentiment amid tightening money and rising clearings.
The Speculative Market continues dull but values hold, with most stocks rising slightly and few sales pressed. Yankee Girl led gains to 81 1/4 bid as 297 shares traded, and totals for the day included substantial activity in Atlantic and railroad issues amid a broader list of bids and asks across banks gas and mining firms.
Local financial affairs show stable conditions with measured activity and cautious borrowing. Officials report steady demand for credit, sound liquidity, and no immediate strain on municipal funds as markets reflect cautious optimism.
The Oil Exchange report showed a drop in stocks and certificates yet left traders surprised by a 1 percent slump. Early trade was strong, then prices fell in the afternoon led by New York and Oil City selling, despite bullish pipeline data. A broker warned of an unseen force behind exchanges and predicted uncertainty for tomorrow.
In Titusville and New York on September 10, national grant and transit certificates opened at one hundred dollars, with highs near that level and lows around one cent. clearances reached 52,000 and sales totalled 547,000 barrels with 472,000 cleared. Petroleum opened steady at 95. gc, rose to 100, then declined to 0. Me and settled steady. total sales 792,000 barrels.
Ewing and Byers sell 281 Beaver avenue lot in Sixth ward Allegheny for 5000 to E Stewart. Ground at Boquet and Wilmot streets Oakland sized 180 by 220 sold for 9000 to William Dundas. Columbia avenue Swissvale lots sold for 700 cash. Swissvale plan promotes 2 additional lots at low figures. Cappeau buys Dithridge street lot 50 by 65 for 3750 and plans a stone house. Boulevard Place lot 87 Thomas street sold for about 70 per foot front. purchaser to commence residence.
Wholesale dry goods dealers report record business while Oakland and Squirrel Hill remain buyers’ favorites. California boulevard work nears completion as a major thoroughfare. The Pittsboro and Western Railroad posts a $24 202 rise in August earnings. The Pittsboro Youngstown and Ashtabula declares a cent dividend on preferred stock. Boulevard Place and Mount Washington properties show strong demand. Frick Coke bonds exceed $2 million in sales through Fidelity Title and Trust.
The market sagged most of the day with only brief tops and bottoms. Gangers led losses due to Chicago selling orders amid rate concerns and fears of large through-rate cuts by Chicago Burlington and Northern.
The market opened weak as traders shifted to the bear side, with declines led by Louisville and Nashville and Manitoba. London orders lent some support to Reading and Erie while most issues fell, then noon saw a partial recovery and late-day profit-taking left prices near session lows with only few notable gains, notably Lake Erie and Western preferred.
Fragmentary notice records a Philadelphia stock market tease with references to brokers and addresses on North Avenue. The garbled text mentions New York exchange and brokerage activity but lacks clear events or figures.
A dense OCR fragment lists many mine names and numbers across New York and western districts including Hest and Belcher, Crown Point, Colorado Central, Gould and Curry, Hale and Norcross, Homestake, Ontario, Ophir Occidental, Sierra Nevada, Union Consolidated, Yellow Jacket and others with various figures such as 230, 300, 100, 900, 65, 325, indicating values or yields.
Virginia senator backs Democratic ticket. Henry C. Yarmouth named collector of customs for New Orleans. Bond offerings total 124 330 with multiple tranches. Washington and New Jersey Democratic conventions nominate governors and support tariff views. Gold mine disaster toll grows with several killed and missing. Montana forest fires devastate St Regis area with residents narrowly escaping.
Fire destroyed Henry Churchward’s barn this morning. Two of his children died in the blaze while others escaped. Investigators seek cause as neighbors mourn the tragedy.
Market report from the Office of the Pittsburg Dispatch on September 10, 1582 notes higher and firmer butter and eggs, steady cheese, and light potato supply with prices improving. Western Pennsylvania and Eastern Ohio crops promise ample future market presence. Sweet potatoes abundant and slow. grapes weak. peaches scarce but in saleable quotations. Creamery butter steady year over year. eggs higher than last year. Prices listed for butter, beans, beeswax, cider, cheese, feathers, and various produce.
The report notes green coffee prices rising by 15 points in New York alongside roast gains. It lists wide price ranges for green and roasted coffee, sugars, candles, canned goods, dried fruits, nuts, and seafood with numerous specific grades and lots. The piece presents a brisk market snapshot with many named products and price points.
The cereal market shows little change since the last report with oats hay and mill feed firmer, corn easier, and wheat and flour quiet. Prices list No 2 red wheat and various corn and oats grades across Pittsburgh Cincinnati Baltimore and St Louis routes with multiple car shipments and on call sales noted.
A Philadelphia reporter recalls President Harrison sharing a private car ride with Halford on a Washington-bound 3 58 express. The conductor asked to bring his 11 year old son aboard, and the President warmly permitted the boy to ride, joking about a master's company.
Business in dry goods remained active with jobbers and fabric descriptions drawing steady attention. Demand favored grade woolens, wide prints, fancy prints, fine browns, cottons and cotton flannels while large orders for dress cottons curtains and damasks were noted for next spring. Market tone unchanged and prices firm throughout.
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