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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Feb 11, 1891
Page
7
A brief market digest reports potato price volatility and supply shifts across regions, noting Western yields and Midwest imports. Dairy products show rising prices with creamery advances and cheese stock tightness. speculation seeking higher returns is highlighted. A contrasting exchange between London and Chicago trade papers is also discussed.
The Pitteburg Dispatch reports cattle receipts at 140 head with steady market, hog receipts 100 head steady at fail prices, pigs traded around 3.20 to 3.75 per hundred weight, and 1,400 head of other shipments noted though market conditions show little change from yesterday’s prices.
Across Cincinnati, Omaha, Chicago, St. Louis, Kansas City, and Buffalo receipts ranged from 1,900 to 2,000 head for cattle and hogs. Market tone varied from active to steady with prices showing small gains for steers and mixed shippers' demand. Shipping and butcher grades remained robust in many regions amid steady to firm quotes.
An advertisement urges every family to obtain Syrup of Figs as the best remedy to cleanse the system when costive or nauseous. Sold by druggists for 18 cents per bottle.
Chicago boards show May wheat trading around 9 3/4 c but slipping to 9 1/2 c as bears retreat after a late rally. Reports of light cash sales, active hog arrivals, and mixed grain futures abound with traders awaiting clearer signals from outside markets and weather effects across the wheat belt.
Electric stocks showed weakness yesterday after opening at 15 bid and closing at 1534, while the rest of the market moved higher with gains in Philadelphia Gas and several other issues. Total sales reached 1,735 shares with varying calls across Electric and other utilities.
Weathered financial notes report no new local monetary events yesterday. Depositing appeared healthier than recent averages, and discount rates steadied around 6.7 percent for call and time loans. Exchanges totaled $1,986,207.53 with balances at $370,315.02. Coinage at the U S Mint for the month reached $6,007,705 across 123 pieces.
The report notes 2 720 000 guid and 3 034 536 silver plus 151 800 nickel. Money on call in New York yesterday ranged 2 to 21 cents per cent with last loan at 2. Sterling stable at business bills and 487 percent for demand.
Closing bond quotations show various United States and international issues from Missouri and Tennessee markets. The list includes corporate and government securities with percentages and references to transports and general markets across Canada and Erie regions.
Philadelphia and Boston show clearings around 12 million and 4.9 million respectively with balances stated. New York exchange rates feature a selling price of 1 and a premium noted, while Baltimore and other cities report varied sums and money market figures.
Oil trading remained brisk with about 50,000 barrels absorbed as prices opened at 144 and fluctuated to 80 3 4 percent and 79 7 4 cents. The surge is linked to rumors of a Standard scheme to sow dissension among producers, while refined products rose in New York and held steady elsewhere.
The market shows broad activity in a few stocks while most listings stay dull. Industrials fluctuate widely with late-day weakness erasing early gains. Sugar receipts shift on policy news, Mobile and Ohio posts minor movement, and Willards sway early before denials dampen sentiment. overall the close is steady with limited net change.
New York stock table shows Adams Consolidated at 150, Aspen at 150, Belcher at 225, Best and Belcher at 225, Burek Consolidated at 800, Homestare Horn Silver at 295, Mexican at 225, Ontario Ophir at 325, Savage at 160.
Wool receipts 5,130 pounds in Boston. market firm with steady demand from manufacturers. Prices vary by grade and region including New York, Philadelphia, Ohio, Michigan, Texas, and Montana. fine washed delaine and combing fleeces remain scarce, pulled wools active, foreign wools steady.
A late telegram from New York reports bullion dealers offering copper at 1 015 dollars per ounce and 101 percent marks, while lead shows weakness. Metal market conditions are described as quiet and steady with general activity subdued.
Chief Elliot laughs off the Poor Farm dispute saying the matter is killed and a new ordinance may be needed. He would buy a farm only if ordered, rejects taking responsibility, and notes two years to stay at Homestead. Mayor Gourlay and Chief Brown show no clear stance as status must be reconsidered.
Alabama appropriates 30000 for the World's Fair. Morley’s censure motion against the Irish Executive postponed. Nevada Legislature refuses to canvass popular vote for constitutional convention. Governor Horever von Denu says extra sessions will not be called. Leopold pledges support for universal suffrage to Belgian workers. Italian cabinet expected to be short lived. Three Chilean warships secede and arrive at Montevideo. General Sherman confined by severe cold. Chicago City Council votes to tear down Lake Front Exposition building. Neefs painting stolen from Detroit Art Museum. Burlington train derailment injures ten. train burned. F W Smith surrenders in Milwaukee. out on bail. House of Prayer trustees in Lowell dismiss pastor A S Davis. Instrumental music causes church split in Heyworth.
Dr. W H Fisher of Le Sueur Minnesota endorses Horaford’s Acid Phosphate as very serviceable for nervous debility sexual weakness brain fag excessive tobacco use fevers and certain urinary troubles. He calls it a grand good remedy in all cases he has used it.
Tomorrow Feb 12 tickets cost nine dollars round trip and are valid for ten days for travel to Baltimore. Trains depart Pittsburg at 7 25 a m and 9 20 pm. Secure parlor and sleeping car accommodations now. Also notes on Chamberlains Cough Remedy benefits for colds and hoarseness backed by a druggist sale. 50 cent bottles. 100 pieces of 50 inch English suitings at one dollar a yard.
An advertising quip traces Castoria from infancy to motherhood, noting how each stage prompts demand for Castoria. The light verse highlights enduring brand loyalty through childhood, adolescence, and parenthood.
Eye market weak from steamboat plenty with large jobber sales at low rates. Butter and fruits move unevenly with Elgin creamery butter rising, oranges and apples plentiful but prices soft. potatoes and beans show weakness amid heavy receipts. Trade volume light as road conditions and coke strikes curb demand.
About 30 sockholders gathered at the power house on Wylie avenue where a new slate of directors was elected led by George I Whitney and Charlies H McKee replacing C L Magee who declined re election. The company reports over 3 000 000 passengers carried since February 24 1800 with net earnings around 21 332 dollars, contrasting with the previous horse car era earnings slightly under 7 000 dollars. River reports show sixteen feet and rising and conditions remain quiet along the m. The Andes left for Cincinnati yesterday afternoon at 4 o clock. Mellin's Food is recommended to aid milk diets for invalids improving digestion and nutrition.
A column urges warm clothing and careful exposure to cold, advises removing coats in warm places, and promotes whiskey in water as a remedy for chills and colds. It endorses Duffy's Pure Malt whiskey as the strongest medical recommendation and sole standard medicinal whiskey.
Grain market notes a slow cereal day with prices held firm for No 2 red wheat and corn on the Grain Exchange on call. Receipts show 26 cars with Pittsburg Fu Wayne Chicago line handling 15 cars, hay, bran, middlings and flour among consignments.
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