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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Dec 19, 1890
Page
7
An editorial argues Pittsburg growth stalled by a narrow business center. It urges diversification to Fifth Avenue and adjacent streets, urging owners to lower rents and relocate shops. Growth eastward or westward would ease downtown pressure and spur overall development.
Trading was light with only 17 shares changing hands as buyers stayed away amid market uncertainty. Prices slipped for Philadelphia Gas Pleasant Valley and Lester while Central Traction and Electric eased. Banks showed slight bid shading and total bids at three sessions reached 29. New York totals included 15 000 shares of Parise Mail and 34 412 at St. Paul.
Philadelphia market notes show Waltney E Stephenson leading the session as traders report modest gains. Analysts cite small rallies across several blue chips and steady volume in midtown exchanges.
Market steady with moderate demand for accommodations and ample funds. Bank clearings $1,776,900. balances $25,058. New York call money easy at 3 to 6 percent, last loan 4, prime mercantile paper active. Exchange rates firm. New York and regional clearings noted. discounts and balances listed for several cities.
A local oil exchange session closed without a sale as the market remained quiet. Prices were reported at 643 gcbia and Oe asked with New York communications remaining poor. Weekly averages show runs 7,444 shipments 91,704 charters 23,235. refined at Antwerp and London, and Bremen and New York prices listed.
New York trading opened firm as petroleum declined early then rose 3 cents on Western buying, closing near firm. Pennsylvania oil hit new highs at 63 1/2 cents with high and low around 63 3/4 and 60 1/4. National Transit Certificates opened higher, traded to 63 1/2 cents, with large daily volume and clearances and shipments reported.
New York December 4 The stock market showed a dull narrow yet firm to strong character with fractional gains mainly. Railroads led advances on light buying while London’s weakness caused early declines. losses in Pacific Mail and Louisville and Nashville were offset by rallies in Rock Island and others as bears expected rate cuts.
New York December 18 listed mining shares show varied gains and losses. Notable quotes include Gould and on 1 percent, Homestake at 80, Sierra Nevada 145, Savage 150, Ophir 20, Standpateosrast 38, and Uran Consalie sen among others.
Very little activity at commission houses as trade remains snowed under though demand for fresh eggs stays strong. Potatoes rise to luxury status with choice stock at $16 per bushel, apple syrups, nuts, and beans listed with mixed regional quotes. Live poultry and venison prices vary by grade, while butter, cheese, beef, and other staples show broad price ranges across regions.
Weak sugar and softer wholesale activity mark Eastern markets while coffees hold steady. Retailers tighten spend, awaiting after January settlements as import lines show mixed Rio, Maracaibo, Cassia, and citrus prices with varied reported quotes across brands and grades.
A rough OCR of a 19th century market list shows various seafood and provisions with prices. Items include George’s lar bahakes and ood, white fish, half barrels, Finnan haddies, pickerel, Holland herring, and walkout tanai. Prices range around 5 to 7 dollars per unit, with multiple meat and fish offerings listed for a local shore market.
Grain, flour and feed sales on call at the Grain Exchange show oats and corn prices with carload lot rates on track. The market notes no revival in cereal trading with bears and buyers favored, flour weakening despite strong wheat, and high stocks plus tight money market affecting flour.
A priced catalog of sugar cured hams shoulders and bacon with varied sizes and unit costs, plus dried beef, lard refined, barrels and tins, smoked sausage, fresh pork links, boneless hams, and pig feet offerings. Notable prices include sugar cured hams from small to large, and lard and pails priced per unit.
Report of receipts and shipments at East Liberty stock yards for the week. Cattle receipts 25 head, shipments 240 head. market described as closing with air selling and prospects fair for the week. Hogs around 300 head. prices varied with mixed demand. No cattle or hogs shipped to New York. tonnage and market activity noted as slow at yesterday's prices.
Telegraph dispatch reports mixed movement in cattle hog and sheep receipts across major markets. Chicago and New York show steady to lower tonnage with varied prices for steers and hogs, while Omaha Kansas City and St Louis reflect softer to steady demand, and Indianapolis and Buffalo note limited activity and stable sheep and cattle pricing.
Kew Yous notes mixed bidding with Bleady and changes near ten points up. quiet, sales at 24.250 bag including December. January and September options quoted around 15.30 17.40c. Rio cargoes steady. no. 7 1734c. McGrew Wilson & Co. Eisner building corner Fifth Ave and Wood St reported stock and grain activity.
A nostalgic ad snippet traces Castoria from infancy to motherhood, noting repeated use as the remedy asked for by a child, then a youngster, then a mother and finally for her own children. The simple cadence emphasizes long running trust in the product.
No improvement in iron and metal markets amid tight finances. Analysts note dull activity across American Pig, Spiegeleisen, Ferro manganese, rail steel, billets, and old rails with limited transactions and no clear lead for early year demand. Prices vary by grade, with weak signals for next year.
The Iron Age reports irregular London warrants and mixed Scotch gains with 43s 7d, Cleveland near 42a 9 4d, and tematit es around 5s 14 3d. South England buying is large but overall activity remains unimportant as stocks in Connals stores fall 000 tons.
A special telegram reports a steady coke market decline with 4000 idle ovens regionally and about 12000 active. Operators limit production, railcar shortages persist, several plants idle one to four days, and prices spark tensions as contracts near renewal.
Chicago and St Louis markets show May wheat trading between 1.00 and 1.08 dollars as dry weather and Hessian fly fears spark nervousness. Prices swing through the day with a late round of selling and a general downturn. cash and futures quotes for flour, pork, and other commodities move in tandem with evolving market sentiment.
Fragmentary OCR text lists cargo terms and month tokens with grain and starch references. The readable portions mention No 2 white wheat, February, March, and depot notes. No coherent event or person is identifiable from the fragment.
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