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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jan 01, 1890
Page
4
The Dispatch notes repeated favorable commentary on local business through the year just ended and confirms prosperity with statistics. It highlights extensive commercial and industrial activity in Pittsburg, with many interests participating in the upturn tied to Barks and Clearing House data.
The day showed moderate money demand and easy loans with rates near 6 to 7 percent. New York money on call ranged from 6 to 18 percent while yesterday’s exchange totals stood around 1 772100 and 3 balances near 242 831 12.
Weak and narrow trading persisted in the oil market with traders unloading to close the month and year. Prices hovered near the dollar line and slight gains over the day’s lows were noted, while London refined oil and clearance figures showed modest activity amid uncertainty about the next move.
Corrected daily report shows barrel and barge market data with mixed lines. Details include average shipments at 4,220 and 74,002 units with idm pricing. Puts quoted at 102 dollars and calls noted in brief.
The Tana Oil Company announces a quarterly dividend of 4 percent. reports from Latter Mining and a capital increase of 55,000, with 150,000 total, and 10,000 treasury stock. Seventy six street railway firms forward their reports to Harrisburg citing increased capital and debt. nine fatalities on street railways noted from the prior year.
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