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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Aug 27, 1892
Page
2
New York traders noted Chancellor McGill’s decision dampening the market with dullness across most issues. Reading stocks faded while Sugar faced rapid early losses, and General Electric showed a brief recovery amid overall weak bond activity and a quiet close.
Eastern Europe cholera reports dampen Board of Trade activity with hog meats leading declines. Wheat receipts stay steady despite scare, while corn weakens from the open. Bears push short lines higher amid overhang and cautious sentiment. Hog prices slip to around 10 90 per cwt as sentiment sours.
NY Fiora receipts total 40 200 packages and 7 900 barrels with dull sales. Corn futures show lower tones amid weak exports and mixed elevator prices. Oats and wheat fluctuate with spot weakness and futures steadiness. coffee and sugar mixed with general market softness. Minneapolis notes cash demand for No 1 Northern and No 2 Northern, with prices up to 6% above.
The trading day shows reduced activity from yesterday but remains active with gains limited to Underground Cable. Major stocks like P. & B. Traction Central Traction and Westinghouse Electric second service moved unevenly with cautious optimism amid talk of market stabilization and potential resection.
Banks report gradual improvement in discount demand while rates stay at 5.6 percent and market favors borrowers. Money on call eases in some markets with varied New York exchange and bank clearings noted across cities. sterling and other exchanges show mixed or slow movement.
The report records bullion withdrawn from the Bank of England at £5.00 and cites various financial figures from Aug 26 including government and corporate securities, interest rates, and stock prices such as Canadian Pacific Erie Illinois Central and Pennsylvanian, with brief notations on money market discounts.
Incomplete OCR text mentions Philadelphia quotations and bids. Readers note partial phrases related to bids, asks and market tone, with unclear names or dates. The readable portion focuses on a Philadelphia market context with missing details.
Wheat markets were steady with declines from yesterday. In Duluth cash and futures showed No 1 hard around 78 cents and No 1 Northern about 76 to 78 cents with various months noted. Buffalo market listed No 1 hard at 68 cents and No 1 Northern at 68 to 70 cents. a 15,000 bushel shipment of corn westbound was reported.
Damaged OCR text shows a local public sale notice with unreadable details. Readable elements include action wording and official names, but specifics like date, place, and buyer lists are missing.
Fragmentary OCR notes reference lead, domes, and prices with broken phrases. No coherent events or names readable to establish a complete item.
A large 31 to 51 acre Highland Park tract near Pittsburg is offered by Samuel W. Black & Co. The plan includes level land adjoining the city’s recent purchase from the People’s Savings Bank. Deals involve restrictive building rules and substantial city-area parcels, with multiple sales and permits reported citywide.
Wholesale mercantile activity rises but grain and feed futures drift downward for wheat and corn while oats and mill feed move higher. Weather remains hot and dry in Central Southern Illinois hurting corn, with forecasts of limited upside for winter wheat and oats nationwide. California green fruit leads, Jersey sweet potatoes soften as prices ease.
A single transaction occurred on the Grain and Flour Exchange today, trading one car mixed bay on the spot at $1100. No further bids or naffara details are provided.
A dense market roundup reports on agricultural produce and commodities across a wide range of items. It lists prices and availability for soy products, sugars, grains, canned goods, fruits, vegetables, nuts, and meats, with notes on quality, packaging, and regional origins. It mentions prices for peaches, apples, pears, grapes, melons, onions, celery, peppers, and more, plus livestock and dairy signals, and hints of price movements next week.
Aug 26 report notes improving raw material demand and signs of revival as plants resume, boosting employment and confidence. Steel and pig iron markets show mixed signals with higher crude material prices likely while finished goods stay comparatively firm amid steady sales and growing trust in peak season.
The report records weekly cotton receipts and exports with bales by region and destination. It lists New York futures with steady closes and nearby prices for July and August contracts.
Another Homesteader arrested on a charge of aggravated shot. charge referred by Secretary Lovejoy of the Carnegie Company. Benjamin Thomas of Homestead held by Alderman Mo Masters' constables and jailed for a hearing today.
At Amalgamated headquarters the Tudor Iron Works in East St. Louis Illinois signed the scale. The move affects Chicago bound shipments and promises employment impacts at the plant and suppliers nationwide.
Rogers Brown and Merwin note Chicago district shows typical seasonal activity with small orders up to ten or twenty tons and steady prices for Northern and Southern coke. Several furnaces idle for repairs reduce production and future supply. Autumn trade indicators look solid and Lake Superior charcoals are quiet. In St Louis Little to no improvement. most sales are cars and lots with some Southern furnaces expected to close to support prices after a three month decline.
The report shows cattle, hogs, sheep, and calf receipts in Chicago New York St Louis and Buffalo with market conditions mostly dull or steady. Prices are listed for native beef grades fat cattle steers heifers cows and lambs with ranges for hogs and sheep and notes on car lots and shipments.
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