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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 12, 1889
Page
7
The market report notes light cattle runs with about 120 loads for the week, price rises for prime export cattle and tidy butcher stock, and comments on grainfed versus grassfed stock. It covers hogs, sheep, and lambs with quotes from W. McCall & Co. and remarks on European offers and regional shippers.
The report details cattle, hogs, and sheep receipts at Chicago, Kansas City, St. Louis, Indianapolis, and Cincinnati with price ranges. Cattle steady to higher on mixed lots. hogs steady to lower with light to heavy grades. lambs fluctuating but with a firm trend in some markets.
Former city resident Alden now appears in Chicago listings with multiple addresses including W.H. Holmes & Son’s Chicago House at 264 South Clark Street and 120 Water Street. Also listed are 158 First Avenue and 264 South Clark at Pittabure postal area.
Wheat prices show a stubborn firmness with December around 75.4 to 78.1 cents, amid quiet public cables and bearish private notes. Government crop outlook trims yield to about 1.0 billion bushels, while strong export demand and Ohio mill buying support futures. corn oats and pork markets show mixed activity with firm near-term sentiment.
New York notes stormy, unsettled conditions on September 1 with heavy trading by jobbers and orders by mail and wire at first hands. Market activity remained steady despite the disruption, with some large orders recorded and traders watching for further updates.
Fragmentary item lists medicines soaps and a gallery with photos at a Sixth Street address. References to pills for bilious and nervous disorders and a price of one dollar appear among gibberish numbers and names, making precise details impossible.
A historical survey argues brokers are born not made and essential to large financial deals. It praises Wall Street figures like Gould and Vanderbilt while condemning framing brokers as wolves, notes their limits in setting prices, and urges careful trust in firms like Pittsburg Exchange to sustain city prosperity.
An average banking day with little discounting under six percent and some above. Money in New York remained ample, but fall and winter demand may curb full employment. One bank sent a large series of worn bills to Washington for redemption. bullion withdrawals and bank clearings across cities are noted along with bond quotations and international rates.
The market opened buoyant but uncertain with quotes moving from an initial high to a 084 close after New York selling. Brokers cite volatility, with Tuesday clearings at 564 000 barrels and dealers wary of large blocks, saying the market remains on the ragged edge and conservative plays are safest.
Wednesday oil range report corrected by John M. Oaming and Co. lists high at 120 and pricing details with calls and figures for Pittsburg Petroleum Exchange members.
The report records transit certificate prices in Bradford Titusville and nearby areas with openings from 9c to 9c and highs near 99140 as prices fluctuated. Petroleum opened steady at c, then weakened after initial sales, fell to 98c, rallied, and closed firm at 9c with 421,000 barrels sold.
Movements in realty list multiple Pittsburgh area sales and transfers. Henry Awoger purchases two frame houses on Har nson street. Manchester Homestead Loan and Trust Co. pays $2,750. W. A. Herron & Sons sell lots on Duncan street and near Homewood Station for $100 and $2,100. Samuel W. Hinck & Co. handle Bishop estate parcels in Nestry and East street lots 24x190 each for Thomas M. 8509 Butler street. more parcels sold to Sree Property on avenue. W. H. Porter to M. Hisacher buys two Smallman Street and Thirty seventh Street lots for $1,400. Black & Baird sell a Shadyside lot 40x161 for $1,000. Reed Bae & Co. handle John A. Graver to John Schuster frame house on Clark street for $1,500. James W. Crane & Co. close three East End lots 30x12 each for $3,150 and record two mortgages of $1,400 at 6 percent.
Weak favorites reversed and back to back trading slow at the Stock Exchange yesterday. La Noria and Wheeling Gas sold small amounts at concessions while bank stocks showed a broadening tendency. Railroad stocks drew demand yet trades failed as buyers and sellers remained far apart.
New York stocks opened quiet and uneven, then strengthened with gains in many issues. Major railroad and coal shares led a late rally, countering earlier declines as buyers returned and the market finished at session highs.
Philadelphia stocks show mixed close with Railway and utility issues listed. Notable names include Reading, Eastern, Bell Telephone, Central Pacific, and Boston & Maine among others.
Fragmentary financial note lists several mining and railroad names with values including Belcher 275 Best & Belcher 335 Caledonia B H 305 Consolidated Pacific 30 Chollar 200 Crown Point 900 Colorado Central 100 Consolidated.
Lucar Trust declares a 3¢ percent dividend payable October. One million in currency shipped South on Tuesday with more expected. Property demand grows out Wylie avenue as real estate remains strong and many deals near closing. Broker cites heavy fall business comparable to last spring amid rising activity in stocks and transportation.
Bond offerings totaled 21200 pounds with various notes including four cents registered and ex-dividend details. a memorial suggestion is sent for Cox. Michigan peach crop sharply down with Saugatuck shipping far less fruit. apples in good supply with a 10000 barrel contract noted. Insurrection concerns persist in Mississippi and a Mississippi soldiers reunion features warnings about postwar tensions. A California factory boiler explosion in Oakland kills four and injures others. debris and ruins described. Arizona marshal reports bandit Covega jailed in Sonora with details of the Martin family murder and subsequent pursuit.
John Block a small farmer from St Louis county was waylaid by Rotpais while driving along Olive street in the western suburbs about 9 PM and killed. The apparent motive was robbery as others were held up nearby earlier in the evening, with no clue to the assailants.
Western Union directors announce an 11 percent regular quarterly dividend for the quarter ending September 30. The statement estimates net revenue and shows a total surplus of 9,074,016 dollars. Part of the Ross estate near Sharpsburg, at Aspinwall station, is laid out into building lots with plans available from W A Herron & Sons in New York.
Market notes show Elgin creamery moving headquarters with lighter sales due to current supply levels. Prices for dairy and produce vary by item with firm lemons and oranges, scarce high quality fruit, and mixed fruit availability. Potatoes and sweet potatoes are in tighter supply while peaches are more plentiful but still constrained.
The market shows firm coffee advances with sugars steady and refiners reporting light supply and difficulty meeting orders. Grocery trade remains active as varied goods including canned fruits and dried fruits show price ranges and steady demand across Rio and Maracaibo coffees, raisins, currants, and nuts.
Receipts list cars of straw hay and various grains by routes including Pittsburg Fort Wayne Chicago Cincinnati St Louis Baltimore Ohio and Lake Erie. No calls resulted in sales. Cereal market tone stronger, oats millfeed and hay firm higher while wheat flour soften. rye and corn mixed. Prices cited for oats hay bran middlings and milling products appear in scattered figures.
Three Portuguese crewmen accuse a passing steamer of forcing them aboard the schooner Dictator during a cod fishing run off Georges Bank. The ship, homeported in Gloucester, arrived with the tale after a confusing signal and botched exchange left them aboard against their will.
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