Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-01
THE TREND OF TRADE.
Common and Medium Grades Of Lum-
Der Higher and Firmer.
DRY HEMLOCK AND OAK SCARCE.
The Railroads Inadequate to Meet the De-
mandS of Trade.
WEEKS WORK At TIE CENTRAL IARDS
OFFICE OF PITTsBURG DISPATCH. |
THURSDAY, October Il. 1889.

THURSDAY. october 81 1889 J
Medium and lower grades of yellow pine
lumber are shade higher, but fine grades
are unchanged. The inference from this is
that more common stuff than usual is going
into the houses that are being erected this
season. A leading lumberman said to-day:
''we are selling medium grades of yellow
pine 81 thousand higher than last spring,
but uppers are unchanged"
The supply of oak lumber and seasoned
hemlock has not for months past been up to
the demand. One reason for the scarcity
has been the difiulty of securing railroad
transportation.
The Effect oft.
This along with low waters and the con-
sequent impossibility of shipping by river,
has had the effect of reducing supplies in
many lumber lines to the minimum point Now
that the river is up there is a partial, but not
full relief. The first towboat Of the season
landed with q cargo of lumber from the
Ksnawha yesterday, and brought quantity OF
stuff equal to the capacity of six railroad
trains. A number of other tows are on the way
II has been fully demonstrated the past few
months that the railroads are not capable OF
doing the business required by TINS one depart
ment of trade.
Sawmills are working up to their full ca
pacity in the Michigan lumber region, and It is
next to impossible TO have special orders
placed As the season draws near its end the
difficulty increases. Builders who have not
laid in their supplies will be compelled from
now on to take unseasoned hemlock. Dry oak
and heavy ash are also very hard to get
Liberty Live stock.
With returns for the week all in it appears
that local receipts of cattle were 80 head less
this week than last, and through receipts $50
head more. The run of export cattle in our
local supplies was larger In proportion to the
total than usual.
The best price obtained was S4 50. and only
very few loads reached this figure. Prime
beeves brought better prices in Chicago than
in Pittshurg this week. the outside price at the
former place being IS IL against 81 30 here.
This is explained by the fact that stock at Chi
cagO in carload lots is better selected and much
higher in quality than are offered here.
Here only few in a load are strictly prime.
In Chicago. the very best are to be had by the
carload, and for export purposes are cheaper at
SOC per cwt more than such as are offered of
late at East Liberty as prime cattle.
Unrenlized Expectations.
With a very light run of sheep-being 1000
head less than last week or the week before
active markets were confidently looked for;
but the expectations failed to materialize
Some IL loads we're dumped into the Liberty
yards this morning from Chicago, with prices
limited. In case of their not bringing the
stipulated price they were to be sent on to the
seaboard. At last reports there were no buy
ers ready to pay the price, and the probability
is that this stock has gone further to fare no
better.
It will be seen from the accompanying re-
port that receipts of hogs were l,o00 head short
of last week Though supply was lighter de-
mand did not improve. Prices are now SOC to
40c below the highest price reached in the
early part of the month. At Chicago to-day the
outside price is 81 05 a drop of SC from yester-
day. The regulars, who buy for packing pur-
pnses. appear to be holding of in expectation
of lower prices.
For the Whole Week.
Following is a report of the weeks transac-
tions at the East Liberty yards:
RECEIPTS.