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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 21, 1889
Page
3
Market notes report a general rise in fruit and vegetable prices with butter and poultry firming. Peaches scarce as melons and grapes vary. fish supply remains below demand after eastern storms. Zesty retail lines list specific cuts and produce prices, with creamery butter rising and beef steady.
The Pittsburg dispatch reports cattle receipts at 30 head with no sale to New York today as shipments are slow. Hog receipts total 4 400 head with market slow and prices around 4.0 to 6.0 per hundred weight. 15 cars of hogs were shipped to New York. Sugar receipts total 1 500 head with market fairly steady at weak levels.
New York receipts show 30 carloads for the market, city slaughterers taking loads, and 16 carloads for export. Prices steady with firmer tone. beef steers at 204 to 390 dollars, Colorado steers around 315 dollars, US exports 214 beeves. Liverpool quotes firm American steers at about 1.16 to 1.24 per pound dressed weight. Calves receipts 450 head, mixed sales. hogs 6,100 head, market quiet. Chicago cattle receipts 8,500 head, shipments 5,500. cattle mix strong, steers 300 to 440, cows various. Kansas City cattle receipts 5,504 head, strong and active. sheep and hogs mixed, markets varied.
Market reports show copper nominal and tin quiet with little business. Straits tin sits around £012s 6d spot and £71 0s 0d futures, while demand remains moderate and prices hold. Spanish quotes steady as supply conditions stay firm but subdued.
Wheat receipts reach 171 cars with no No.2 grade, boosting prices in early trade. December and May futures swing irregularly with small gains then losses, while pork and lard show modest activity. Grain and flour markets across Philadelphia Chicago and St Louis reflect firm cash tones alongside unsettled futures.
The report notes strong activity in Scotch and Middlesbrough pig markets with active demand and firm prices. West Coast brands, wire rods, steel rails, and Bessemer products show steady to firm conditions, with British sources citing buy and ship at varying price levels amid ongoing market activity.
An interview with a top real estate agent from Fourth Avenue discusses building up to 3,000 new homes annually to house Pittsburgh’s growing population. He compares Philadelphia’s housing boom to Pittsburgh’s limits, cites permit and marriage license figures, and suggests local contractors could match Philadelphia methods to ease rising housing demand. He notes higher Pittsburgh contractor charges and explains why land availability and capital could drive a stronger local home-building program.
Stock trading was light on 4N OFF Day with demand fair but prices under market. Philadelphia Gas shares traded around 8 after a decline, while Western Insurance moved to 131 in a scarce session. Yankee shares show insider strength and a private sale circulated among traders.
In the forenoon sales included 50 shares of Philadelphia Gas at 84 and 10 shares of Central Traction at 314. Afternoon trades saw 6 shares of Western Insurance Company move at 51. Total New York stock volume reached 106,712 with listings for Lackawanna and Western, Toaieri and Nashville, New Jersey Central, Reading, and others. further details are incomplete.
Bankers report slow loan lines while discounting lags and currency pressure eases. Bond activity stays steady with 6 percent rates, sinking fund outlays rise, and New York and London markets show muted moves. Local real estate notes include multiple lot sales in Allentown and Etna Park Place with prices per front foot and cash terms.
The Oil Market remains narrow and subdued with prices near Thursday levels as traders note limited buying and a potential slight drop. Reports from Baku describe a fountain of oil at high output and suggest Russia's oil trade is just beginning to develop, with optimism about Balakhani reserves.
A fragmented OCR note from Pittsburg Petroleum listing refined product figures, averages, and prices. Mentions daily corrections by John M Onxiey & Co and A. B. McGraw & Se with bids and quotes for refined products and associated volumes.
National transit certificates opened at varying prices with highs around 100 and lows near but below. barrel counts cited include 155,000 and 196,000, with several entries noting clearances and charters. The New York Petroleum market opened steady then fluctuated amid a dull close as stock exchanges reflected mixed moves.
Real estate firms report transactions across Pittsburgh area. Thomas McCaffrey sells 21 acres near Brownsville road for German Catholic cemetery to Rev. A Fisher for 10000 dollars. James W Drape & Co. close on multiple houses on Twenty-Fifth street and nearby lots totalling about 15000 dollars. Oak Grove land near Parnassus brings 800 to 525 per acre. Wilkinsburg Orchard plan lots sell for 3150 dollars. Mortgage on Lacock street property noted. Allegheny and Washington county properties sold at varying rates. Baxter Street lots in Villa Park sold for 500 dollars. George Martin & Co. listed at 105 Fourth Avenue with ongoing pendings.
The market opened dull and steady with few standout moves as professional trading dominated. Northern Pacific preferred weakened on rumors of a directory cut and lower dividends, while Sugar Trust and Cotton Oil fell as bears pressed on renewed bond rumors.
The market held firm with some brown and bleached cotton styles unchanged. Bambarger, Bloom & Co. announced two special trains of two cars each will depart tomorrow from Louisville carrying new goods, expected to arrive in three days and boost business after their store was burned down last week.
Office notes limited movement in country produce jobbing with dairy active and firm. Poultry scarce and rising. fruits down with grapes and apples thinning. peaches scarce. various vegetables and staples listed with mixed quality and prices across dairy, meat, and produce categories.
Trade remains active in the old ruta with large turnover and firm pricing on key imports. Sugar, coffee, and dried fruits hold strong quotations while general groceries show steady demand, margins narrow but volume compensates for smaller profits.
Grain Exchange bulletins show oats flour and feed receipts from routes Pittsburg to Chicago and Cincinnati to St Louis plus Baltimore and Ohio shows hay feed wheat and oats in varied car lots. Prices across No 2 white oats No 2 red wheat and mixed corn are listed with regional grade terms though the market is described as light this week.
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