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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Apr 28, 1892
Page
3
East Liberty yards report 68 carloads of cattle this week with brisk early demand and some higher grades. Chicago receipts tally record levels, triggering a price drop and widespread concessions. hog and sheep volumes rise, with top cattle prices around 6 to 7 dollars per cwt and lambs reaching over 50 dollars.
Receipts and prices show Chicago and St Louis steady to higher with cattle tops around 75 for steers and hogs advancing to 90s. buffalo cattle, sheep, and lambs varied with mixed calf bids. Wheat and corn futures rose early on bad weather and lower supplies, then retreated to close near session lows amid heavy short covering and profit taking.
Market reports show Kansas City and Omaha cattle receipts around 2 200 and 1 600 head with steers active and higher to about 4 rising. Sheep slow in places with lambs around 5 50 per 100 pounds and hogs receipts near 7 700 head with steady to strong demand.
Real estate notes show eager buyers and missed chances as ladies delay on options, a new First National Bank opens in Wilkinsburg with $50 000 capital, and seventeen building permits issued for 25 improvements totaling 40554 dollars. The piece also highlights ongoing architectural growth in Allegheny City and varied property deals across multiple wards.
The market opened strong for Philadelphia Gas but failed to hold gains, slipping after the noon session. Manchester Birmingham and Central Traction advanced while Dura and Luster declined. Switch and Pipeage weakened with few transactions overall and only two sales recorded.
The record notes bids and sales across several issues including Pipeage, Luster, Manchester Traction, Central Traction, Philadelphia Gar, and Birmingham Traction. Aftercall activities show quantities moved and prices at different call levels with remaining bids and offers following each stage.
New York April 27 The stock market showed persistent apathy as prices moved weakly from open to close. Rock Island and Cordage led losses with sharp declines while Reading and Atchison held firmer totals amid London selling.
Market notes from New York on April 17 list bid prices for mining stocks including Best & Belcher Crown Point Deadwood Consolidated Californian & Virginia Europe Consolidated Gould & Curry Hale & Norcross Homestake Mexican Ophir Plymouth wage Sierra gear Standard Union Consolidated with varying cents and quotes.
Circles reported cool counter business and heavy paper discounts not enough to dent deposits. Trade volume remained high with little borrowing, indicating a cash based market and prompt collections enabling quick merchant turnover. Morac Neel ceatinge notes and $828,749 37 figures appear in the summary. Money on call in New York was easy at 3 per cent, prime mercantile rates steady, Sterling at $4.87 for day bills and $4.80 for demand.
Fragmentary OCR line shows various abbreviations for unions, banks, and railroad or insurance terms. No coherent event or narrative emerges beyond scattered company names and percentages.
Bank clearings and balances are reported for several cities with figures in dollars. Various exchanges show premiums or rates such as 50 cents per $1,000 and 45 to 50 cents premiums, with balances ranging from tens of thousands to over a million dollars.
Bar silver in London 80 grains per ounce and New York dealers price 74.gc per ounce.
Receipts for eggs are light with demand firm and prices advancing. New Ohio cheese appears in small quantities with expected larger arrivals. southern vegetables are ample but trading quiet. strawberries show improved quality though prices hold. Butter and butterfat remain firm while other groceries move steadily with unchanged overall tone.
The report lists carload shipments by railroad lines including Pittsburg Fort Wayne and Chicago Railway and Baltimore and Ohio with oats hay bran flour corn and middlings. It notes subdued cereal activity with wheat and corn steady flour and millfeed quiet and hay strong, offering prices for carload lots on track and various grade classifications.
New Orteans reports coffee activity in April with quiet Rio shipments and steady to fair cargoes. Futures show April at 12.50 to 13,000, May around 12.29 to 12.90, July 13.50, August 12.50, with spot Rio dull yet steady and No 7 at 13 13 1/4. Sugar markets are quiet, refined grades easy.
Turpentine and rosin prices show mixed firmness with several grades steady. The market reports firm levels for turpentine near $1 to $1 35 per barrel and rosin at about $1 18 to $1 25, with strained and yellow varieties noted and limited activity.
In New York on April 27 a brisk business period saw orders placed for future deliveries. Discs and growing conviction about tight supplies boosted activity as Getron flannels wool flannels dun goods and cottons drew steady attention. The market tone is rising with supply and demand.
St Louis market reports 3000 pounds of receipts with no change in prices as new wool arrives in small quantities. Backward spring delays shearing, affecting supply. Choice grades of course wool are most wan, with prices holding firm despite the light offerings.
New Torr reports mixed metal prices with iron and tin steady, lead quiet, and domestic lagging. an advertisement promotes Dr. Jayne's Expectorant as a trusted remedy for cold and lung throat ailments, claiming broad generations of approval and safety.
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