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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Apr 06, 1892
Page
3
The Pittsburg drygoods trade shows unprecedented strength with seeds, farm implements, and garments in high demand. March weather delayed shipments, but April forecasts promise larger volumes as dealers place orders nationwide from Indiana to Cumberland. Cigarette production has surged to nearly three billion annually, despite state laws restricting sales to minors.
Chicago traded light with wheat leading activity as local election muted sessions. Prices edged higher. May wheat around 7 1/2 to 7 3/4 cents, with weak cables but firmer outside markets. New York and Philadelphia showed mixed grains, firm but unsettled wheat, steady cornbelt oats and dull butter and cheese amid broader market firmness.
Orrick or Twe Disraton, Trespar, April & Carrier receipts total 160 head, shipments 110 head, market dull at yesterday's prices. Cattle shipped through to New York with Hoos receipts 1,000 head, shipments 1,100 head, market dull in all grades. Five hundred head of bogs shipped through to New York. Super receipts 1,200 head, shipments 500 pending, market even at yesterday's prices.
Telegraph report details extensive cattle beef and hog receipts from New York Beeves to Buffalo and St. Louis, with markets generally steady or firmer. Highlights include Chicago cattle and hogs steady to higher, Buffalo and Cincinnati varied but mostly steady, and Kansas City and Cincinnati showing active demand for steers, cows, sheep, and lambs.
Wool market report from St Louis shows quiet trading and price changes. Domestic fine and coarse wools, including merino and Western shorn types, trade near steady to firm with some regional variation. Prices listed by quality and origin include Canada and Montana lots, with washed and combing wools noted in several grades.
New York April 5 The dry goods market offered no major changes with steady overall tone. Mail order and spot sales remained moderate while futures attracted interest but yielded no notable deals. Descriptions of textiles such as stock fabrics blankets and underwear drew attention as jobbing trade held steady and a Dresden cloth driven drive enlivened activity.
April iron quiet in New Torr with dull domestic demand. Prices show limited activity as buyers and sellers hold positions. Copper between lake shows a $1175 bid and an asked price. Straits traders report a $119% bid with subdued turnover.
Republican gains in Toledo and Evansville. Iowa rainfall deluges. few women voted in Kansas and Bloomington school election. Dubuque City Council stays Democratic nine to one. Central and Western Nebraska hit by blizzard. Adams House in Warsaw, Illinois struck by wind. Frisco express robbers released from Missouri penitentiary. Indiana Prohibition Committee backs anti fusion. Compton Kentucky Democrats nominate Kendall to succeed deceased father. Tobacco factory fire in Havana injures 29. Woodruff trial for Arkansas embezzlement begins. Boise City postmaster robbed of 1200 by two masked men. Mormon Conference convenes in Salt Lake City. Francis Couch arrested for Southern Express burglary. Sailor Griffith admits Pixley train robbery involvement. seeks turn as witness. Michigan Republicans gain big. Grand Rapids and Saginaw voting patterns. Ef— thunderstorm kills Leo Dale. line washouts on Vandalia line. John Burke dies after stabbing. Fanny Dunn implicated. Drowning of White sisters and niece near Galtville Virginia. Arnheim auction: every horse sold for bid.
The piece reports Black & Baird sold 133 and 135 Second Avenue to a prominent businessman for 38000. Lots measure 22 6 by 80 feet each with modest buildings. no immediate improvements planned but intended to yield a strong business house. It notes similar sizable city sales and urges local residents to push Perrysville Avenue improvements with frequent meetings and viewings by residents and councils.
Stock trading was dull with more sellers than buyers and a retiring tone across listings. Central Traction, Birmingham Traction and Luster led the declines with Steel, gas and traction bonds trading at depressed bids while Second National Bank hit a new high for the day.
New York stock trading opened with bullish intent from London and continental buyers but faced strong bear resistance. Reading advanced around 55 while Jersey Central and Delaware and Hudson fell. New England weakness spread across the list. bonds softened and several rails showed light gains despite a day of mixed results.
The April and country produce markets report firm egg prices and a drop in creamery butter on Monday sales in Elgin. Demand remains light in groceries while tropical fruits and apples show fair demand. tea, coffee, sugars, and canned goods hold or gain slightly, with oats and grains mixed. Weather and stock levels influence margins, but overall activity rises with no major price list advances.
A brief list of mining stock prices from Ew Yorn dated April 5 includes Best & Belcher 1165 consolidated, Gailtornin and Virginia. Deadwood 200, Gould and Curry 145, "ate and Norcross 10, Home stake 1800, Horn Silver 300, Mexican 180, Mount K 100, Coram 4400, Ophir 518, Standna: canlgn, MGonsolidated 150, Yellow Jacket 100.
London prices show silver at 4a lowers per ounce with declines noted. New York dealers quote the metal at around 4 1 2 dollars per ounce as January trading begins.
Ordinary lines of business at the city banks showed considerable animation yesterday, but there was no pressure from borrowers. The fact of so much business on so small an amount of new paper is a puzzle to some. Cash sales must be unusually numerous. The interest rate remained at 6 percent. Bank clearings were $2,400,786.59 and balances 898 31. A New York banker is quoted on money and the April settlements. Closing bond quotations and bank clearings for St Louis, New York, Boston, and other cities are noted. Money on call was easy, mercantile paper rates steady, and exchange figures listed for various markets.
Readable fragments show various fish prices including mackerel and haddock by the barrel and bag line items. White fish lake trout and halibut appear with per pound or per barrel figures alongside oats and other staples.
The Grain Exchange reported no sales on Tuesday as sessions were not in progress in Chicago. Receipts from Pittsburg and Chicago lines included hay, oats, and bran in limited carload movements. Wheat and rye prices drift lower with oats and millfeed slow. buyers hold power, while dealers face higher storage costs. Prices for granary products show a general downtrend amid subdued activity and expectations of further declines.
Coffee options opened steady and unchanged with minor shifts in contracts. Futures quoted for April to September show slight adjustments around 12.00 to 12.35 with bars at 23,750. spot prices for No 7 grade Rio cargoes steady near 17c.
New York Rosin dull and steady and turpentine quiet at 374 se. Wilmington spirits steady at Me and rosins firm with strained at 11% and 120 dollars for strained. Tar firm at 5125. Crude turpentine steady hard at 11 yellow dip and Virgin at 225. Savannah turpentine steady at 1 1 0 bid and rosins firm at 1 5 8 0. Cuan Leston steady at 34c with rosins firm good strained at 1 27g.
A family feud erupts between the Buss and Staggenborg families near Cincinnati, breaking out at the election. Marshals and saloons are targeted as brothers-in-law are beaten and saloons damaged. Calls for revenge and threats of retaliation menacing the hamlet.
A short promotional note claims many people mistake themselves for diseased when the body only needs cleansing. It suggests comfort at home and cites Syrup of ioyne by the California Fig Syrup Company as a remedy for costive conditions.
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