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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 18, 1889
Page
7
A Prosperity era report from McKeesport notes hay oats and wheat above average, but poorer potato yields and uneven corn. Market gains, rail transport limits, and steel works demand shape local prosperity. Grain inspection changes for No 2 white oats and No 2 red wheat are approved effective October 1.
Cattle receipts were 10 head with a steady market and no cattle shipped to New York today. Hog receipts 1,500 head, shipments 1,900. market excited and expected to lower. Light Yorkers 80 to 350. medium and light Philadelphia 47 to 10150. heavy hogs about 164 per hundredweight slipped to New York today. Sheep receipts 1,500 head, shipments 100. market steady and prices unchanged.
Telegraph bulletin records varied receipts and trading: beef, calves, sheep, hogs, horses and hides across Texas Colorado New Mex coast markets. Prices show steady to firm tones for some cattle and pork varying by lot, with buyers and carriers handling large shipments and mixed demand between regions.
J M Risher president of Dravesburg Bridge Co reports rapid progress on the iron viaduct near Water, with three piers already above water and completion targeted by January 1. Keystone Bridge Co holds the contract for a 70 foot bridge serving McKeesport cars from Shavusboure to McKeesport.
McKee Bros. expand flint house in Jeannette adding 12 chimney shops and increasing demand for labor by about 3 percent. Shops operate on pt furnaces with 15 pots each, reflecting higher output and ongoing expansion.
Ad advises travelers to take Syrup of Figs during trips for kidney liver and bowel health and to prevent fevers and illnesses. Claims the remedy is pleasant and effective and available in all leading drug shops.
The speculative wheat market opened near yesterday’s close yet stayed dull and range bound. December and May futures drifted within tight spreads as demand remained sparse, with little selling pressure and occasional buying by a major house, while reports of poor grain quality and low receipts weighed on sentiment.
A fragmented note shows price quotes for commodities including New York and Pi¢ian regions, with steady and dull lead, and a stronger tin market. Domestic prices listed as $7g and $21 85 appear among the sparse figures, reflecting a quiet trading day.
Local Passenger Agent E. D. Smith outlines six to seven years of suburban improvements by the Baltimore and Ohio Railroad. He notes 48 daily Pittsburg to Hazelwood runs, seven Sunday trains, and trains stopping at Hazelwood and Glenwood. Smith emphasizes punctuality under J. W. Patton and a top-tier depot and coaches to please patrons.
Trading at the Stock Exchange showed typical activity with shares around 43 dollars on average. Switch and Signal drew interest as it continued an upward trend from Monday, while Philadelphia Gas and Central faced weakness amid mixed bids and holds. Strong demand appeared for Pittsburg and Western preferred as confidence persists among large holders.
Bleached cottons remained active and strong in tone while prints and wide patterns sold well. Colored cottons saw better demand as goods for the upcoming season received attention from buyers.
An old classified ad promotes 400 men’s alessat silk lined overcoats at a low price and mentions Klein’s Silver Age product. It lists local suppliers Pp. C.C. and MWF Gro along with H. Bexyett & Bro at 135 First Avenue below Wood Street selling pure rye whiskies and directing readers to ask their druggist.
Yesterday reports show no broad shifts in credit flows as bankers note adequate money supply and steady rates. New York and international clearings, balances and money on call reflect a stable liquidity environment amid modest demand and ongoing currency and bond activity.
The oil market opened steady around $1 0 0 per barrel and closed near the day’s high while New York stocks drew more attention. Trading was light and indecisive with no significant news or changes in conditions, reflecting a lack of orders and cautious professionals.
Jamison and Dickie sold a lot at Stanton avenue to B H Peabody for 2240. Joseph H Ruge’s six room frame home and lot sold to Anthony Zehnder for 1600. Alex Miller’s six room house and lot on Collins avenue sold to J F Zimmerman for 3400. Black and Baird sold a Craft avenue frame house and lot near Noblestown road for 4500. Alles and Bailey sold Windsor Hotel property at Chartiers to Isabelle A Swan for 2500. Ewing and Byers sold three Willis street lots at Nunnery Hill for 1200 cash. Frasier sold a lot near Forty-fifth and Butler to Timothy Caldwell for 1800 cash. Velte bought a lot on Gross street for 1800. Herron and Sons sold Vandervost plot lot 2 on Homewood avenue for 900. Megaw and Goff sold a Homewood six room house and stable for 25900 cash. Reed B Coyle sold a Wilkinsburg frame house and lot for 1500. Binck and Co sold two Allen town lots for 250 each. Fred Rinehart placed a 10000 mortgage on Allegheny City property at 6 percent.
The New York stock market opened weak with broad losses but soon recovered as Chicago sellers were seen only for quick turnover. Northern Pacific rallied from a morning low to near 75, while Grangers led advances and Delaware and Hudson regained yesterday’s losses. Realizations cooled late as the day closed steady near day’s best. unlisted activity remained light with 16,000 shares traded.
The report notes small, unimportant changes in stock quotations with a few advances. The table lists active NYSE prices corrected daily by Wittney & Stapitenon of Pittsburgh, located at 67 Fourth Avenue, reflecting shore and western extension fires contributions of $118,000 to the market.
A New York stock section lists numerous mining shares with figures in dollars and fractions. Names include Caledonia B H Colorado Central Consolidated California and Virginia Deadwood Territory Eureka Consolidated Gould and Curry Hale and Nercross Homestake Horn Silver Iron Silver Mexican Mutual Ontaria Ophir etc. The compilation notes bid and last sale values for these securities.
A Philadelphia dispatch notes a cautious stance on oil markets while AccoRDING to 3 anthracite output this year will not exceed 100 000 tons and may fall 10 35 000 000 tons. CAMMACE says no market interest for weeks and no clear bullish or bearish bias, with railroad issues seen as unsettled. By laws amendments for New York stock trading were adopted with a contested section struck out. Denver dispatch reports Yankee Girl shipping a carload of ore daily and notes Pearl mine high grade ore turning out well.
A sequence of brief items reports a Santa Anna California quake shock, cholera appearing in Bagdad and spreading in Western Persia, a London letter signed Jack the Ripper warning of another attack, assaults in London, and a prisoner escape in Conn. A Wisconsin tragedy follows with drownings in Fremont Wolf River, and a jailhouse riot near Sidney Is. A daylight highway robbery occurs in Ashland with shots fired and a suspect captured. A heroic tramp averts a wreck near Council Bluffs Iowa, and a Java note compares Russian and American petroleum shipping costs and market effects.
Four men were arrested after noon in Twelfth ward for selling counterfeit tickets to the Iron and Steel Workers Relief Association annual ball at Turner Hall on October 7. James Duncan J Bumbaugh M McCarthy and Bracken faced charges. tickets sold for 60 cents and bore a fake association seal.
A wet market day dampened buyers as rain kept demand down. Dairy products rise overall while supplies move quickly. potatoes light. melons near season end. grapes plentiful and easing. Prices for butter cheese and various groceries show upward trends with robust trade among jobbers and retailers.
Receipts at the Grain Exchange were light at 13 cars total with small consignments from the Baltimore and Ohio Pittsburg and Lake Erie Pittburg and Western and Pittsburg Fort Wayne and Chicago. Prices quoted per carload cover No 2 red No 3 No 2 yellow high mixed No 2 yellow shelled rye white oats and hay with mixed figures for various grades and millfeeds. The board notes a healthier tone in cereals amid recent grading changes to oats and wheat, with details to follow in another issue.
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