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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Apr 08, 1899
Page
8
In the April 8 1890 issue buyers found dull market activity and scant vegetable selections with little variety. Prices ranged widely on eggs meat and produce while farmers eyed future supplies of lamb peas and southern goods as spring unfolds.
A Baltimore market roundup notes strong New York activity then a shift lower in Industrials. Fidelity & Deposit and Mercantile decline. Maryland Casualty slips despite stock subscription rumors. Charleston and Western Carolina bonds stay robust while United Railway faces uncertainty over new security terms. Money remains plentiful at around 4 percent amid general stock and bond volatility.
Fashion authorities predict Black Cropons will be among the season's most worn fabrics for skirts costumes and dresses. Frederick shop touts its top quality Cropons as the best value with a strong ring of ribbon offerings in taffeta plaids stripes and checks. New plain and Moire Taffetas arrive in spring hues with draw string ribbons Scriper and Ombre effects suited for shirring and ruffling in summer dresses.
The article details forced sales by commission houses, bear selling pressure, and weak holders offloading standard stocks while London buys on the decline. It notes a partial market rebound as heavy buying supports prices. It also reports Italian warship activity in China and adverts for various patent medicines and tonics.
A sale offers about 60 dozen men’s laundrried percale shirts with detached and attached collars, sizes 14 to 18. They will be sold at 2.50 each, with actual value claims of 60 cents.
The report notes steady leather sales despite high leather prices, with strong demand for low women’s shoes in tan and colored stock and expectations of further price gains. Hides show a firmer tone. yellow and wool markets are cautiously positive, with wool prices quoted for unwashed and washed grades. Bradstreet’s analysis cites weak distributive trade due to cold spring and wheat concerns, but overall activity in wholesale spring distribution remained large and prices overall steady.
New York trading yesterday showed sharp declines across most specialties with losses heavy yet the session ended on a firmer note. The market was pressured by a tight money market with discrimination against industrial securities and renewals on collateral loans proving difficult, forcing some large firms to sell at the best prices available. Call rates ranged from 6 to 15 percent.
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