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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Dec 09, 1890
Page
2
A fire on Liberty street prompts rapid rebuilding plans as owner W C Stewart seeks an immediate new 8x store-stone Trent rep-beamed building to occupy the site. Other items cover Pittsburg gas supply, steel and wood costs, local business moves, and building permits amid snow.
Stocks mainly held firm amid rumors and poor weather driving down prices. Philadelphia Gas and Electric touched a new low, closing at 1 and 1/3, while Electric traded around 1 and 1/2. Overall daily volume in New York totaled 48,558 shares with scattered notable movements in other listed issues.
The New York market opened active and irregular then closed with overall losses as hesitant demand and a firmer money outlook influenced traders. Strong gains earlier faded with drops in Missouri Pacific Reading and other leaders, amid distress over mercantile failures and renewed fears of financial trouble among a cabinet officer.
Domestic markets show stronger prices in eggs apples potatoes and dairy as the cold snap tightens supply. Western stock high and round for 28e a dozen. poultry fair, demand light. overall outlook toward higher levels with light future supply. Cabbage onions lettuce and vegetables priced firm. coffee and sugar firm with an expected advance in sugar.
A dated financial snippet lists multiple railways and railcar firms with share values and tickers including Louisville and Nashville 2441 Missouri Pacific 2210 Northwestern 20 New York Central 3285 Northern Pacific 20806 Heading 39700 Richmond and West Point 41.08 Texas Pacific 4650 Union Pacific 38500 Western Union 6641 and related entities in St Paul.
Banks report solid resources and willingness to handle normal business, but plan to limit expansion until after the new year. Money on call light in New York, with rates around 7 percent, and steady or modest bond quotations across major issues.
The oil market opened at 63 yesterday as the tight market continued with low close and 15 000 barrels traded. A broker blamed Standard Oil for monopolistic prices, warning the Exchange was a puppet until new pipelines and refineries create a market of its own. Refined prices fell in New York and London amid the market turmoil.
National Transit Certificates opened at 6 and closed steady. Crude oil lists include 437000 barrels cleared and 12007 barrels carried. Prices moved from 60 to 64 1/2 cents with January option trading, while Pennsylvania oil and Lima oil had limited activity. total sales reached 202000 barrels.
Closing quotations of Philadelphia stocks furnished by Whitney and Stephenson brokers No 57 00 Slembers New York stock exchange Asker. moves across various railroads and utilities including Northern Pacific preferred and Lehigh Valley Boston stocks Atchison Topeka and Santa Fe Boston and Maine Florida Copper Tamarack and San Diego Land Co listed with small gains and losses across utility and mining shares with scattered percentages and note about Allouez Mining and Water Power sectors.
A long OCR list details prices for plums California apricots pears and other fruits, raspberries strawberries and monikers like green faces and rouseberries. It also lists meats canned goods tea fish like mackerel codfish pollock haddies and oysters with varied weights and prices throughout a market section.
A single carload sale of new sample shell corn and associated commodities is listed with receipts split among the Pittsburg Fort Wayne and Chicago Railway Pittsburg and Lake Erie Pittsburg and Western and others. Prices cover wheat corn oats rye flour middlings hay and straw with notes on market quietness heavy receipts and cautious trading ahead of holidays.
A catalog of meat products lists sugar cured hams in various cuts and sizes, dried beef flats and rounds, bacon and pork products, lard in tierces and barrels, smoked sausage, fresh pork links, boneless hams, and plies feet with multiple price notations.
In New York the drygoods market shows no new features with light mail order selections and a steady tone. Activity may rise before month end but buyers and sellers are not anxious, and November trade remains well stocked. The Chicago grain report lists visible supplies for Wheat 24,670,000 bushels up 41,000. Corn 7,215,000 down 206,000. Oats 320,000 down 3,000. Rye 44,000 down 85,000. total 4,068,000 down 14,000 bushels.
Market report shows coffee options in New York opening steady and finishing barely changed, with prices hovering around 17.00 to 17.80 per unit. Trading volume noted at 31,500 bars including December and January contracts, with spot prices around 9 dollars and overall cargoes described as fair.
Special Telegram to the Dispatch from New York reports the London price of bar silver at 47340, with a quoted New York value of 10714. The item notes the price movement and provides market reference figures.
Tur Lizzie Bay operates toward Wheeling as upriver packets run their normal trips. The Andes and Scotia shuttle between Cincinnati and upstream, Scotia making a late departure and an unusually swift run, with the river rising 12 inches in four hours and tallying 6 feet 10 inches.
The body of Fritz Bernhard Henreks was identified at Hyde Park morgue after an inquest. Henreks, born in Sweden, came to America in 1884 and faced family disputes over a legacy. He disappeared after drawing $20 and died by his own action, leaving only a revolver, cartridges, and keys. An auction ad and unrelated items follow.
At Herr's Island and East Liberty yards the cattle supply outsized demand with prices sliding from last week. Prime heavy beefs quoted 540 to 565 with extras 575 to 580, calves and cows mixed, hogs and sheep showing softer bids as volumes rise and quality improves.
Cattle receipts total 544 head with 2 189 shipments, prices down slightly from last week. Demand weaker for mixed cattle and Yorkers, while heavy and light Yorkers range around 3 00 to 3 50. Sheep receipts 7 700 with 4 160 shipped, market firm on good common and lambs, 1 5 to 4 0 off week prior.
A compiled market ledger from New York Cincinnati Buffalo Chicago Omaha St Louis Kansas City covers cattle hogs sheep and lamb receipts and price ranges. Key entities include cities New York Cincinnati Buffalo Chicago Omaha and Kansas City. commodities beef veal mutton lamb hogs. varied price quotes per cwt and per 100 pounds. shipments and receipts numbers.
Market notes show activity in stocks grains and oil near Filth Avenue and Wood Street with prices and trades reported for the day. Officials caution about fluctuations as traders react to regional demand indicators.
Financial press reports erratic moves in wheat futures with May at 83 1 2c, December 97 3 4c, and press notes price swings tied to stock market weakness. Corn, oats, lard, and pork futures show mixed to steady action amid shifting supply signals and speculative trading.
The article reports private aviators holding 3 272 000 bushels of wheat with a 49 000 bushel increase from last Monday, totaling 30 956 071 in Minneapolis and Duluth and 9 077 000 in Minnesota and the Dakotas for country elevators. It covers mixed grain prices, dairy and cheese steady, pork and bulk meats, and specific wheat and futures quotes from Baltimore Milwaukee Toledo and Duluth, noting weak Duluth wheat and various contract levels.
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