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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Dec 18, 1891
Page
3
New York reports a firm steel rail market with steady prices and cautious orders. Eastern mills see few new orders while pending contracts prepare for pricing. pig iron and foundry grades show limited activity amid uncertain conditions and steady shipments.
The wheat market opens slightly lower then gains, lifted largely by local conditions as foreign trade remains weak with prices easing in Liverpool Berlin Paris and Antwerp. Short covering and commercial demand support May and December futures, while corn holds firm and hog products rise. Chicago Board of Trade quotes show unchanged to higher cash values with mixed regional movements.
The dispatch lists a Dutch government loan of 45 100 000 Thorins, Indiana coal miners returning to work, Baron de Caraviere’s California mining push, a locust army devastating Chile, Switzer land's new president W Haueer, English firms backing a Shipping Exchange, and joint Washington efforts over the Bering Sea dispute. It notes resignations, artistic scrutiny of Sandow, imperial marine transport tests, stock market confusion, a fire tragedy at Southern mass pier, and a fatal death in Oswego county with self-inflicted wound implications.
The article notes a five acre Perrysville avenue site once eyed for a Hebrew Orphanage has been subdivided and put on the market amid talks of a large housing block. It cites strong owner confidence in ongoing downtown deals and a widening building outlook with rail extension plans from Howard Junction to Mount Jewett and brisk demand for dwellings and flats.
The session featured uneven movement with little headline action. Trades noted include 100 shares switched at the second call, 184 for Birmingham and 12% for Duquesne in the afternoon, with small losses on Electric and Philadelphia Gas. Multiple minor bids and sales appeared across La Norla, Citizens' Traction, Switch and Signal, Luster, and others, reflecting cautious activity as bids and asks fluctuated.
The stock market stayed stubbornly strong with a limited but active list of prominent stocks. Chicago and Philadelphia led demand while coal issues and rails rose. notable gains included Lackawanna, Reading, and Delaware and Hudson. Total stocks traded were about 11 955 with readings on bonds improving chiefly in Reading issues.
A cashier noted abundant money will boost development as January settlements approach. Demand for banking services was good though not heavy, with rates near 6 percent. Bank clearings reached 2 111 690 and balances 429 850 93. In New York money on call was easy, with rates 2 to 4 percent. sterling steady at 48 24 for 60 day bills.
A fragmented stock and bond listing shows rates and debentures from various companies and rail lines. Items include Northwest Ge WaT Pacifie debentures, Louisiana stam, Missouri line, St. L. & Iron M., and Texas E Pac with bids and asks interspersed. The text resembles an exchange board with percentages and shorthand company marks, but many entries are garbled.
New York bank clearings reach 125 million with 5.29 million balances. Boston reports 14.59 million clearings and 1.25 million balances. Exchange rates show a one percent par count and related totals. St Louis clearings total 4.86 million with diverse balances noted.
A jumble of stock like lines mentions Boston & Albany Boston & Maine copper and telegraph companies and various percentages. It reads as a partial OCR from a financial page listing railroad and industrial securities with sparse context and no coherent narrative.
Electric stock quotations show Thomson-Houston at 48 dollars and Detroit Electric Work around 12 to 50 dollars with several firms like Westinghouse and Warne Electric mentioned in the wrap up. The report covers industry prices as of December 17 with several abbreviations and partial names captured.
Trading prices for a range of mining shares listed in New York include Alice 125, Best and Belcher 200, Consolidated California and Virginia 375, Deadwood 19, Gould and Curry 100, Hale and Norcross 140, Home Stake 10.73, Horn Silver 80, Iron Silver 45, Mexican 160, Ontario 43.00, Ophir 250, Savage 140, Storm Nevada 105, Standard 105, Yellow Jacket 100, with firm monthly figures in the mixed batch.
Bar silver quotes show London at 34 pence per ounce and New York dealers price at 10 pence per ounce as of December 17. The report notes small fluctuations in the precious metal market.
Livestock receipts and shipments reported for Thursday with prices and market tones. Cattle receipts 925 head Lane 505 head, six cars shipped to New York. Hogs receipts 5,450 head shipments 3,000 head, prices $3.85 to $4.60 for various grades. Sheep receipts 400 head, shipments 400 head, market steady on food and dull on common.
Telegraph digest reports cattle and hog receipts from New York to Omaha with market notes. Prices show steady to higher trends for cattle and sheep. hogs rise with strong demand in Chicago, Cincinnati, Kansas City, and Omaha. shipments and stock levels listed for each city with range figures.
The New York dry goods market showed broader demand and a brisk movement in bleached goods with several price revisions across brands such as Fruit of the Loom and Dwight Anchor. Quick turnover was noted as stocks may close out soon and low grade goods remained firm.
The Metal Markets in New York on December 17 show Piz Iron fairly active at 15.50 to 17.75, Cowpat steady at 10.25 for December, Lead dull at 4.25, and Tin quiet and steady at 2000 for Straights.
Turpentine markets show a quiet, steady start. Prices for various grades hold firm with crude turpentine near 100 dollars and resin around 125 dollars, while good strained and virgin tones hover near 190 to 125 dollars.
Dr. W. Graeves of Northfield Minnesota says he has used the remedy for nervous prostration and in indigestion with other treatments, finding it as satisfactory as could be expected.
The dispatch reports muted price movement across farm commodities with a cold snap easing Wheat Flour and Feed prices while Corn and Oats hold steady. Prices for game, poultry, butter, eggs, apples, oranges and various produce are noted with broad market activity and storage trends.
The page notes slow movement in certain lines with sugars quiet amid yesterday’s decline, coffees firm, canned fruits dull, and molasses showing firm to upward tendency. It lists numerous product names and prices for salts, starches, syrups, dried fruits, nuts, and canned goods, reflecting a broad commodity snapshot.
The Grain Exchange reports mixed activity with cars of corn oats and hay moving by several lines, while wheat flour and millfeed lag. Prices show varied quotes with a general note that cereals remain in uncertain, largely immediate-demand condition amid holiday quiet.
New York December 17 coffee futures show mixed moves with spot quiet and easier prices for No. 7 and nearby contract activity. Traders note 26,000 bags traded including various options with changes ranging from steady to modest declines across March to October positions.
An advertisement fragment promotes Little Liver Pills for sickness, headaches, and stomach discomfort, presenting a period tone and product claim without detailed context or dates.
A damaged item references a druggist selling cod liver oil and related tonics. The legible text mentions Scott's and general druggist practices but provides few specifics on product names or locations.
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