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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Dec 15, 1891
Page
3
Trade circles report a quiet week with produce and dairy prices largely steady. Cheese prices rise as Wisconsin Ohio and New York stocks move. sugar and leather markets show modest activity. cattle hogs and sheep receipts vary by region with mixed directions as holiday demand nears.
The market at East Liberty yards shows light receipts and improved cattle quality with bids weak. Buyers were few as prices held mostly below last week, with calves and hogs mixed. hogs top at 4.85 per ib while sheep and lamb offerings sold steady to higher in parts. Receipts totaled around 1,506 head from Chicago Ohio and Pennsylvania sources.
Chicago markets show dull wheat with narrow moves and late rally, while corn opens firm then weakens. New York and Philadelphia reports point to steady to lower tones, with visible supply increases and bearish pressure from bears. Hog products open weak, pork edges down, lard steady to lower as traders watch futures.
The excerpt records varied commodity quotations across U S cities including butter cheese flour and wheat. It lists creamery and dairy terms with prices, with regional ties to Pennsylvania Wisconsin Cincinnati Milwaukee Minneapolis and others, plus oats rye eggs and lard movements.
Coffee prices in Santos and Rio de Janeiro hold firm with shipments to the United States and weekly receipts detailed. Market notes cover regular firsts and seconds, varying reis per ten kilos, and stock levels across markets, including December and upcoming contracts.
Figures from the Northwestern Miller show Minneapolis private elevators holding 1 5890 bushels, up 6 000. Total Minneapolis and Doloth stock 12 056 395 bushels, up 1 168 692 from last Monday. Country elevators in Minnesota and the two Dakotas 10 165 100 bushels, up 8 600. Northwestern stock 28 123 490 bushels, up 1 617 522. A year ago stock 20 998 763 bushels.
New Tank reports a busy start to the drygoods market with solid mail order activity and large post transaction deliveries. In person buyers increased as the day progressed and trading in bleached goods and cottons grew. Prices showed more activity with Gloucester and related staples, grays and indigos quoted. Origin wash goods via salesmen on the road indicate expectations for January demand.
Collection of terse price quotes shows turpentine and rosin values fluctuating. New York markets report steady rosin and quiet turpentine while other listings record firm or strained prices between 12 and 1350 dollars for various crude and crude derivatives.
New York on December 14 reports pig iron quiet with American at 15 7318 00 and Leal nominal at 10. Tin prices steady for straights at 19.
Rumors place Spalo with the Zollverein while ore near Ottawa signals nickel wealth. Explorers report a Nile branch in Africa as insurgents in Rio Grande do Sul disarm. Sherman votes loom. Clarkson counters renomination talk. Greek Marine Minister resigns over ship-building limits. Lord Dufferin pleases British circles as ambassador. South Carolina lowers free pass stance, Argentine troops guard Chilean frontier. Seventeen Coolies land at Port Townsend, ten arrested, others escape.
The article notes abundant money and easy rates with loans at 2 to 4 3 percent and time money freely offered. It highlights new US corporations for the week ending Dec 4 1891 totaling 44 with $56.5 million capitalization across mining steel banking and manufacturing sectors. It reports anthracite demand rising with higher prices, rail earnings up 5.7 percent year to date, and notes on dividends and new investments including Denver City gas plant sale and Oregon Railway dividend.
The day features easy money on call with rates near 6 percent, fair discount business, and large deposits. Bank clears $2,391,781.35. balances $299,040.91. The Financier notes favorable capital movement to New York banks and expects little hardening of rates after year end while exchange remains steady.
Fragmentary text notes a deal or pact involving mutual unions and certificates with figures 110 and M6. Details are unclear due to damaged OCR.
New clearings listed for multiple banks including Battimost and Sr. Lovi with balances and rates. New York exchange details show premium and par conditions, with Mexican and New Orleans entries and discounts to par.
The first day of the week saw active trading with Manchester Traction shares offered by John D. Bailey at 4g, a large block that overwhelmed the market. Bonds and other listed securities fluctuated while Philadelphia Gas and Duquesne traction showed mixed moves amid holiday settlement pressures.
Mixed trading early gave way to a late surge as Rock Island dividend news energized the market. New York Central Missouri Pacific Sugar and Union Pacific among notable gainers as the list closed near day’s highs with steady bond activity and strong overall demand.
New York quotations show prices for mining stocks including Best and Beicher 200, Chollar 154, Consolidated California and Virginia 400, Gould and Curry 110, Hale and Norcross 130, Homestake 10.75, Mexican 40.00, Ophir 75, Union Consolidated 165, Deadwood 190. Market figures reflect daily trading activity and range across several mines.
The Distilling and Cattle-feeding Company declares a dividend of 1g percent payable January 4. Wat Streeer reports the New Year notice of the payment date and amount to shareholders.
Markets show stronger demand and higher prices for oranges and bananas in tropical fruit lines while lemons are quiet. Dairy products steady, spot grain strong but futures weak, and potatoes receipts down yet market remains quiet. Poultry slow and strictly fresh eggs scarce, with varied meat and produce pricing across regions.
Advances in sugar are stalled with margins tight and prices near cost. Coffees firm and New Orleans reports a strong molasses market. The open kettle molasses yield is down about 50 percent from the average. Extensive listing of goods and prices follows, including spices, oils, and syrups.
Fragmentary list shows sugar cured bacon ham and shoulder notes, dry cured beef rewards, various lard and fat products, including tin pails and price hints. Mentions of belts and family use suggest household grocery items from a bygone era.
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