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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 28, 1889
Page
3
Storms on the coast curb fish and oyster supplies while peaches grow scarce and grapes remain plentiful. Poultry is exceptionally scarce and prices rise. meat and vegetables show higher costs with limited supplies and persistent demand. Oysters and fish trade tighten as traders report below wholesale stock levels.
Friday, September 27, 1480, at the stock yards. Cattle receipts were 40 head with 620 head shipped, market described as quiet with no cattle shipped to New York. Hogs receipts 320 head, shipments 2,000 end. market firm with best Yorkers and medium weight hogs at 70 to 41?8, medium Yorkers 44 to 65, common hogs and grassers 1.50 to 4.05. 10 cars of boys shipped. Receipts 1,600 head, market at yesterday's prices.
Receipts of cattle hogs sheep and calves listed with mixed prices and overall weakness. Texas Colorado Kansas City and other markets show dull trade, lower bids, and steady to weak demand as buyers adjust to slumps in beef and mutton values.
Wheat trade remains volatile with sharp intraday swings and mixed signals from Minneapolis London and St Louis. Corn and oats trade firmer, pork and lard fluctuations persist, while New York Philadelphia Milwaukee and Baltimore report varied demand and price moves across futures and cash markets.
The list of mining stocks shows prices for Belcher 20, Best and Helder 20, Chollar 190, Crown Point 38, Consolidated California and Virginia 20s, Deadwood Territory 190, Hale and Norcross 35, Independence 200, Mutual 140, Occidental 145, Savace 21, Sierra Nevada 100, Consolidated 110, Yellow Jacket 20, and other quotes for regional firms and mines.
Market notes show mixed demand for copper lead tin and zinc with spot and futures quotes in flux. Lead prices ease while copper and tin show uneven activity and cautious trading across London and international markets.
Real estate deals close amid market talk in Pittsburg with Henry A. Weaver & Co. selling two Water Street warehouses for 30 000 dollars. Westinghouse Machine Co. expands, adding a three story engine warehouse as output soars with 259 engines finished and 215 in progress, totaling 450 engines and 22 500 horsepower.
The Central Traction stock fell from 144 to 144 amid fears of another assessment. Whitney and Stephenson sold on orders and were not swayed by company conditions. Natural gas shares showed improvement as the market steadied with most issues firm to higher. Total sales reached 726 shares with varied bids and offers.
Money was easy with good supply and 6 percent asked at banks. Real estate loans ran at 5 percent or lower for productive city property. New York money on call tight at 4 1 2 to 6 percent with prime mercantile paper. Clearings and balances reported for New York, Boston, Philadelphia, London bullion, and Chicago bank clearings.
Very little activity in oil trading with a tight market both East and West. Prices showed bursts of strength from New York buying and weakness from railroad share declines, closing buoyant. A London report notes rising kerosene and crude petroleum prices at Batoum and Baku, with limited output and demand at home and abroad, suggesting possible supply disruptions and a potential decline later if new sources are not found. The Odessa consul cautions that futile oil strikes keep prices stagnant, and a drop this season is not anticipated.
In New York and Pennsylvania oil exchanges, Consolidated Exchange members gathered about 150 signatures on a petition calling for abolishing the current options trading method and returning to the old system. The issue will be debated at a conference with NY, Pittsburg, Ohio City, Bradford, and Philadelphia exchanges, amid growing inter-exchange dispute.
Corrected daily by John M. Darney & Co. 45 Sixth Street, members of the Pittsburg Petroleum Exchange.
Bradford and Titusville report National transit certificates opening at 99 and 0 percent respectively with varied highs and lows. New York notes a petroleum firm activity weakening after initial sales and general market movements on the Consolidated Exchange with openings and closing prices recorded.
Jamison and Dickie sold two four room houses with adjacent lot to L Hager for 1750 cash and 12 Monticello street lots to Henry Lexter man for 4690, plus a 1000 mortgage on Beaver county property. George W King bought a new eight room brick dwelling at 17th ward for 4500 cash. John D Scully’s Marion station parcel sold for near 234 acres with a mortgage on Kirkpatrick avenue property for 2000. Other transfers include six room frame dwelling on Omaha street and land in the Landen avenue plan sold for 3125. Prices reflect brisk activity in diverse wards.
New York September 27 The stock market showed active trading with higher London prices and rising earnings lifting early values. A sharp late selloff followed violent rumors about Atchison and Missouri Pacific, dragging many issues down while some like Manitoba and Manhattan recovered. Final moves left the list irregular and mostly fractional, with Sugar and several rails declining.
Mayorty of New York stock brokers are bullish with gains seen in London as Chardera Railway declares a semi annual dividend of 2 percent. Natural gas stocks rose yesterday while the periodical scare loses force amid reports of Pittsburg Wheeling and Kentucky Railroad paying a 3 percent cash dividend. A Central Traction Company official denied plans for another assessment and described open borrowed funds as sufficient to complete the road. Garfield Home Circle Association of Allegheny paid 5000 dollars in full to the widow of member W D Holt, praising the association as reliable and protective of members’ claims.
The column highlights steady demand and a calm tone in the dry goods market. No fresh developments or notable changes are reported, with the focus on general market temper and price stability.
Weekly trade reports show butter and cheese firm amid strong cheese and creamery butter sales with over 2000 boxes sold this week. Potatoes ample and prices weak while carrots, apples, grapes and peaches show steady or good demand. various dairy and produce items listed with prices for Butter Creamery Elgin, beans, cheese et al.
A dense catalog of groceries and commodities including Rio coffees, dried fruits, spices, canned goods, sugars, flour, canned fish, and fresh produce. The list combines multiple regions and prices, reflecting a broad early 20th century market order.
The Grain Exchange reports cars of hay oats flour malt and corn from multiple railroads with prices and on call sales. Market sentiment shows mixed flour outlook and strong demand for choice oats and hay while low grades struggle. Prices for rye flour bran and chop feed appear in listings with mixed batter supplies and regional quotations.
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