Rock Island Active on Liquidation of Claim Against 1.4 St L
The Rock Island concerns pursue liquidation related to a claim against the 1.4 St L line as markets for whisky sugar gas national lead starch and cordage show prominence in trade notes.
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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Dec 14, 1892
Page
3
The Rock Island concerns pursue liquidation related to a claim against the 1.4 St L line as markets for whisky sugar gas national lead starch and cordage show prominence in trade notes.
The report notes gold shipments of £2,750,000 today and £1,000,000 for tomorrow, with Wall Street viewing outflow as likely to continue. Distilling and Cattle Feeding Co. announces a quarterly dividend near 11 1/2 percent, while National Lead advances on consolidation talks with Natwmel Linseed. Rock Island stock activity drives broader railway speculation as bonds move and markets close firmer then drift.
Duquesne traction leads activity with strength again as Pittsburgh and Birmingham traction show surprising gains. chatter links Elkins Widener plan to consolidate lines, while East buyers push prices. other stocks like Lustre Mining Allegheny National Bank and Pleasant Valley Railway trade lightly amid a broad market rally and extension work on the Citizens traction line to Aspinwall with cars expected by January 15.
Julius F. Stark sold 5000 I B traction stock at par. Charles McKee works on lease and final papers for P V P A M M deal with P V holders due Manchester stock around January 1. Hill Co and Kahn Bros bought J A and Sproul Co sellers. M Long bought Pleasant Valley from W J Robinson. J P Barbour and Hill Co bought Duyore. Pinkerton Carothers R Thompson Co and Sproul sold. Arensburg sold Lustre to Rubin Ros and Fritz took Central traction from Hill & Co. This week’s gold shipments near 5 million. A large shipment to Europe on the North German Lloyd steamer.
Money on call remains 5 6 per cent with expectations of a softening after the Comptroller's call. Sterling exchange strong and New York clearings listed for multiple cities. Foreign exchange quotes show Paris and London activity with bar silver pricing noted. Overall money rates and discounts cited across several financial centers with varied balances and clearings.
The Connellsville shooting case into Lute Cooley and family for receiving stolen goods faces likely quashing due to missing value in the indictment. Prosecutors have until tomorrow to respond as seven indictments share the same flaw. Cooleys express jubilation while witnesses were absent for a robbery charge against David. A requisition from West Virginia sought for Sam Yeager.
When people seek a good room they turn to The Dispatch To Let Room columns for listings and details. The feature guides renters to available accommodations and reflects the paper's housing notices and local market activity.
Dr. McGlynn at Cooper Union declares he will discuss Satolli and the school question next Sunday after urging opening of the World's Fair on Sunday. He told the audience Satolli represents the Pope in America and spoke of the ongoing school issue at the archbishop conference.
Tuesday reports show Joseph P. Rankin & Co selling 125 Liberty Street a six story brick warehouse with 97 by 100 foot lot to Thomas McFadden Jr for about 40000 as Liberty Street values rise. Several building permits issued include Central Soap Company frame boiler house remodel costing 600 and multiple new dwellings priced from 400 to 5000. Other notable sales span East View plan Allegheny and Kensington area with prices ranging 800 to 6500 and parcels sold by brokers such as George Brooks J C Dornbush Reed B Coyle and W A Herron & Sons.
Reports from Elgin indicate butter board reaffirmed last week’s prices while market signals point higher. Grain and hay show weakness with heavy receipts. coffee markets firm yet quiet. Bankers report unusually strong business and large wheat in sight, with Maracaibo and Central American coffees dull amid limited stocks.
Chicago markets show wheat firm briefly before closing lower. corn firmer and steady. Hog products unchanged. futures for May hold near yesterday's levels. Trade hampered by telegraph delays and sparse export demand with mixed cash quotes for grains and soy meals.
A long list of commodities and prices appears, detailing canned fruits and vegetables, dairy, meats, and produce. Entries include French prunes, canned peaches, corn, and tomatoes, with prices per case or pound. Livestock and fowl are listed, alongside nuts, honey, and dairy products, reflecting regional market rates.
Ritts and Walker of Butler closed a large deal in the Hundred Foot district. Leases covering 140 acres with 11 producing wells sold for 60 000 dollars, yielding a net profit of 30 000 dollars to Kiss and Walker after three months in the McDonald field. Output rose from 11 000 to 13 000 barrels monthly before hitting over 40 000 barrels in three months. Field activity extends across multiple wells and farms with several producers showing pay streaks and ongoing drilling in nearby properties.
East Liberty notes cattle active and hogs easier with sheep unchanged. Chicago figures show dull cattle market, mixed hog receipts, steady to firm trends. New York quiet for export and slaughter trades. Cincinnati and Kansas City show varied cattle and sheep activity with some strength in hogs and lambs.
Cotton prices steady in New Orleans with middling around 16 1/2 cents and low middling near 9 9 16 cents. Receipts total 23 155 bales with exports to the Continent and coastwise 1 363 bales and sales near 4 000 5 bales.
The report notes iron at steady and quiet levels with American price 1300 835 50. Copper shows moderate demand and firm pricing around 1225. Tin remains a weaker seller at 19. Domestic market conditions are calm with steady tones throughout.
Turpentine firm Spirita trades at 27i. Rosin demand strained with prices near 100 dollars. Tar holds at 1 00. Crude turpentine steady with hard at 10, yellow dip 1.70, virgin 172. Wool market notes dull conditions and static price levels in Puertapatrats and New York with varied regional quotes.
Peter Mastro, described as Italian, was sent to the workhouse for 30 days after being found wandering in Lawrenceville. He was muddy at Penn avenue and Twenty-first street with a large market basket containing scraps of paper. he claims a will was stolen from him and believes every piece of paper is the missing document. He intends to return to Italy to torment relatives he accuses of stealing the will.
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