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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 14, 1889
Page
3
The report notes very scarce poultry and firm meat prices as late coastal storms curtail ocean products. Butter and creamery prices rise slightly while hampered fish, oysters, and potatoes tighten supply. Flowers show improving demand. retail meats list cuts and prices, with eggs and poultry ranges cited and several fresh market items detailed.
Office of Preserving Dispatcher reports cattle receipts at 30 head and shipments of 180 head with market steady and no cattle sent to New York. Hog receipts total 1,500 with 2,300 shipped. market active near yesterday’s prices. Forking and cattle prices shown. hogs to New York: seven cars shipped today.
Telegraph reports brisk cattle receipts in New York and Chicago with prices rising for native steers to about 3.50 to 4.75 per 100 pounds, and Texas Colorado beef higher. Hogs firm to higher with several lots at 4.85 to 5.00 per 100 pounds. Sheep and lambs mixed but fair demand. Western calves steady. Kansas City and Burraga show strong cattle demand, Hogs active. sheep slower but steady in places.
Chicago trading notes weak wheat with bearish local sentiment and concerted selling. Corn and oats traded moderately as weather and large receipts weighed. pork and lard steadier while butter and cheese firm. New York and Philadelphia markets reflect overall softness with No 2 wheat lower and mix in grains and oils.
New York quiet steady bids for copper lead tin and spelt tin prices steady or firm in Straits and London markets. Boston wool movement shows 2,000,000 pounds traded with mixed regional prices for Ohio Michigan Territory Montana Utah Oregon and Georgia wools reflecting demand and quality variation.
Wool receipts in St. Louis 1,055 pounds with market quiet but firmer. New York staple prices steady and quiet with domestic fleece 4c pulled 23 41c. Philadelphia W wool in improved demand with prices in buyers' favor, quotations nominally unchanged.
A local discussion proposes forming an eight-member trust among building and loan associations to centralize funds, balance loans, and improve efficiency though legality is contested. Also reported are a $26,250 mortgage, coke competition with West Virginia goods, and the Oakland and State Line Railroad extension toward an eastern coal and lumber shipment route.
Trading on the Philadelphia Stock Exchange showed modest activity with Enterprise Savings Bank at 55, Central Traction at 314, Wheeling Gas at 90, Philadelphia Gas at 374, and a small raid driving Philadelphia Gas to 37 before closing at 4 bid. Electric and traction stocks remained steady amid light demand and no notable news.
Money remains easy at local financial centers with steady rates. Paper supply grows, but total money in circulation still lags behind demand. Routine lines show even activity, with weakness seen only in checks.
A jumbled OCR style market note reports on bond activity dull and steady with U S state and bank clearings. It mentions New York call rates 1 cent, government bonds, state bonds and bank clears across Philadelphia London Chicago and Pittsburgh with various balances and totals.
The oil market opened bearish but New York and Pittsburg buyers lifted prices from 98 340 to 1 00, with Sproul and Lawrence as principal purchasers. Despite a final quote of 91c, some expect a further rise, while fears of overproduction and a rush to realize linger. A contemporary writer warns of exhausted territories and urges coordinated action or company-scale consolidation to maximize remaining oil and gas potential. Geologist Orton suggests Lima oil could rival Pennsylvania output, noting sulfur content is largely removed in treated Berners oil, per Prof. Lord of the Geological Survey.
Corrected daily by John Mey & Co. details refined in New York and London markets. The note lists Pitts futures at 99 cents, calls at $1003, with distribution among firms A B McGrew & Co and others.
Bradford notes national transit certificates opened at 840 and closed near 297c with a wide range. Petroleum trades opened firm around 91c and finished strong at 91 1/2c after a mild early dip, with 441000 barrels sold.
Real estate notices record several transfers: Ewing & Byers sell a two story eight room frame house with lot on Forest avenue Avelon station West Bellevue Pittsburg for 1800 to Thomas Henretta. Black & Baird sell No 321 Federal street Allegheny City a three story brick dwelling with 20 by 100 foot lot for 3000 to Mrs Catherine Coyle. J H Stevenson reports further sales including a house and lot at Avelon for H M Graham to W Renkin at 3000, a 152 acre farm near Richmon VA for J M Fe Sr, Reed B Coyle Co sell to John Milliken a six room house on Elliott street Wilkinsburg for 2200, W A Herron & Sons sell lots 330 and 381 Aspinwall plan for 6000, Dennis Mickan buys on Har Mar street Denny estate Twenty eighth street plan Thirteenth ward.
The New York stock market opened steady but soon turned dull with a general downward drift. Losses were small except Missouri Pacific down 1.3 points, while some issues like Toledo and Ohio Central rose. London buying supported Union Pacific, while fears of a bad bank statement and speculating on resumption of specie weighed on trader sentiment.
September 13 mining stock list names Belcher Caledonia B H Comer of California and Virginia Commonwealt Eureka Gould Hetcroas Homes Hoe Liver Iron Silver Mexican Mutual Ontario Plymouth Savage Sierra evade Union Con Solidated Ward Consolidated Yellow Jacket.
Several insurance agents reported improved business and demand for business property. Beringer and Son have several deals in hand. Mr Beas of Samuel W Black and Co returns from vacation looking hearty. Banks paid out many silver dollars due to currency scarcity. The by laws of the Badhen ee regulation and anti vice of New York stocks will be disposed of Tuesday afternoon. Beer and Manchester Railroad stock weakened slightly without clear cause. Like truth, it will rise a
The report details robust demand and firm prices across iron and steel markets. Pig iron, steel rails, blooms, billets, slabs, and scrap iron sustain firm values with steady to active trading in major ports from Glasgow to London and shipping routes to New York.
The New York market reports continued low spirits from stormy weather with few shipments. Shipping and storerooms are crowded with ready packages causing some delay, while orders by mail and wire remain steady though on the spot activity lags for several days. The market overall remains unchanged and steady.
Eli Boatwright a Carleton county farmer is jailed for attempting to murder his wife by giving concentrated lye She and neighbors aided by an emetic and medical treatment but the husband allegedly continued poisoning her The case drew threats of lynching as authorities weighed charges and possible execution in a desperate crime tale from Columbia dated September 13.
Cereal trade calm while cheese and butter rise. eggs small lots at 20 cents, jobbing 19. Potatoes scarce with limited supplies and rising prices expected to ease next week. Jersey sweet potatoes light due to storms. peaches plentier. apples weak until fruit subsides. Dairy products, beans, cider, and diverse groceries listed with mixed quality and prices. a wide range of fruits, vegetables, meats, and canned goods noted alongside foreign and domestic items.
Receipts bulletined at Grain Exchange by Pittsburg Ft Wayne and Chicago show shipments of flour oats barley and bay. More cars from Baltimore and Ohio and Pittsburg routes with hay oats flour and middlings. Traders report no sales on call buyers and sellers far apart. Oats and hay steady flour easy with prices likely to drop. cashing of grain by jobbers noted. Minnesota spring patent flour prices lower at headquarters. Provisions spoilage notes and sugar cured hams mentioned in sparse lines.
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