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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jan 14, 1891
Page
7
In early Pittsburg optimism centers on aggressive advertising and the drummer’s and newspaper’s roles in commerce. Merchants expand use of printers ink, sample visits, and local papers to reach buyers within a widening trade network across surrounding towns and distant markets.
Chicago reports a jittery start to speculative markets with heavy hog prices at the stockyards and a mild early decline in hog products. Wheat for May rose slightly amid higher fall wheat acreage, while corn and oats fluctuated with mixed futures. overall activity remained subdued as buyers hesitated and prices varied amid holiday suppression.
The wool market remains steady with firm tendencies in domestic bales and varied prices across regions. Michigan Ohio and other states show mixed quotes for combing and delaine fleeces with expected demand, while Territory wools and polled varieties hold near previous levels and western markets show fair demand at prior prices.
New York notes show further improvement in inquiry and demand for dry goods with a better overall tone. No quotable price changes, but values appreciated in some cases and confidence returning as the money market eases. Buyers remain conservative while jobber progress suggests a fall season and broad general demand for dry goods.
New York January 1 Coffee Options opened steady with activity around 25 points. Prices shown for various months include February at 16.0 and March at 15.80, with May and June trading near 15.40 and 15.15 respectively. Market noted firm demand and fair cargoes with 19 cents quotes for spot cargoes.
Fragmentary market report from New York notes copper and tin pricing. Mentions copper at a nominal lake and tin at a price around 55 30 with limited detail and unclear dates.
Dr J K Fortsen of Kiowa Ind endorses Horsford's Acid Phosphate for constipation. He reports successful use and recommends thorough trial by the profession. The note urges readers to consider this remedy as a proven option.
Everett Clubs offer two upright grand pianos with £1 weekly payments. Club A certificate 255 in Allegheny and Club B certificate 145 held by Rev J H Lchnorr in Mt. Washington are highlighted. The ad touts dozens of pianos sold to cash and short time buyers, urges rapid response, lists brands, and invites applications or circulars to Alex Ross in Allegheny.
Kirland and Trowbridge of Oakland California commend Chamberlain's Cough Remedy for its reliable relief and pleasant flavor. They note satisfied customers, frequent recommendations, and the remedy's simple effective action.
The East End Electric Light Co sells all territory east of the city line to Wilkinsburg Electric Light Co, which will expand its plant. A brokers’ meeting advances an auction sale scheme for real estate, with committees chosen to gather names and subscriptions. Reports cover gas wells, oil prospects, and financials from local banks and the Pittsburg Exchange, including mortgage totals and railroad earnings.
New York clearings total 154 047 109 with 5 750 001 balances. Boston 1 100 682 clearings and 2 000 71 balances. Philadelphia 12 091 504 clearings 1 737 631 balances. Baltimore 2 501 593 clearings 270 363 balances. Chicago rates 6 7 percent for loans. clearings 12 837 000. St Louis 3 902 026 clearings 80 31 balances. NY exchange 75 cents premium.
Bankers report steady improvement in funds with money easy yet cautious after a slow start. Deposits remain liberal and demand for loans shows signs of picking up while rates hold steady and call money in New York remains easy.
Total sales on call yesterday reached 762 shares, up from 755 the day before as buyers abroad pursued bargains while prices remained dirt cheap. Electric stock slipped before closing slightly higher amid reports of Eastern buying and relief measures for the company. Closing figures show small changes for Central Traction, Chartiers Gas, Luster and Switch and Signal with Philadelphia Gas holding steady. Safe Deposit Company and Masonic Bank offered down slightly, likely due to compulsory terms.
Yesterday's New York stock totals reached 373 060 shares with large blocks in Northern Pacific 94072 and Chesapeake gas? errors. Key listings include Atchison 12701 Canada Southern 4055 Lackawanna 17613 Erie 4612 Louisville and Nashville 1436 Missouri Pacific 228 Union Pacific 20400 Reading 4500 Northern Pacific appears prominent with 94072 shares traded.
Yesterday passed without a trade as buyers bid while sellers stayed away. A broker from McGrew Wilson & Co. in the Elsner building noted bullish conditions and said it may pay to wait rather than sell at the current price. Teats calls quoted at 4c.
Markets show National Transit Certificates opening near 73 cents with varied closes. Oil trade in New York remains quiet with slight early gains, Lima oil reports no sales and total daily volume about 22 000 barrels across listings such as Buckeye and Omerry shipments.
The New York market opened active and strong with a late surge to top prices. Leaders such as Vanderbilts and rail stocks like St Paul Union Pacific and Rock Island drove gains as sugar refiners and other issues showed notable strength. Analysts expect only a temporary reaction, not a full downturn, with funds concentrating in railroads and large blue chips.
New York Jan 14 mining quotations list prices for numerous mines and projects including Alice 175 Adams Consolidated 180 Aspen 75 Chollar 25 Crown Point 180 Consolidated California and Virginia 475 Gould and Curry 236 Hale and Norcross 16 Homestake 80 Horn Silver 300 Mexican 260 Ontario 3900 Ophir 350 Plymouth 100 Savage 0 Sierra Nevada 179 Standard 100 Sutter Creek 110.
Office of the Press Dispatch reports cattle receipts 600 head and shipments 516. market down 10 to 20 cents from yesterday. Hogs receipts 4,250 and shipments to New York mixed. sheep receipts 1,800 with 800 head shipped. market steady at yesterday’s prices.
Cattle receipts vary from 1 900 head in Omaha with a steady to 10c lower trend. Chicago notes dull markets and lower cattle and hog quotes. New York reports no trade on beeft but firm dressed beef. Cincinnati and St Louis show mixed movements with cattle steady to lower. Kansas City sees lower cattle and steady sweep. Indianapolis and Buffalo list light receipts and softer sheep and pig values.
The river rose yesterday with Cincinnati left boatless and the Hudson to visit Cincinnati in turn. The Lizzie Bay departed for Charleston after a period of ice confinement. The high water marked 15 feet in the morning, then fell to 13 feet by 3 PM. Omaga Nes April 2 reports continued demand for Dr Bull's Couch Syrup.
An archival ad copy traces Castoria for infants children and adults. The jingle notes the product soothed babies during illness and accompanied a young woman into adulthood. It reflects mid century marketing language used in family medicine and child care.
Trade is quiet with onions firm and a higher price tendency. Potatoes ample and steady outside, apples costly, butter dull though creamery butter active, eggs scarce at outside rates. Prices given for apples, butter, beans, cheese, meat, seeds, tropical fruits, and vegetables with regional references and ranging per unit quotes.
The sugar market remains uncertain with little prospect of advance, as eastern gains fail to appear locally. Prices for coffee, spices, oils, canned goods, and fruits stay near recent levels with named grades and brands listed, reflecting a steady market for staples and widespread supply concerns.
The Grain Exchange shows on call sales including No 1 timothy hay and various carloads of corn hay oats rye and flour. Prices for oats and wheat are high but holders stay firm. cereal trade softer than last week with no price concessions.
A dense items list of sugar cured meats and related goods with varied weights and prices. Items include sugar cured hams in large and small sizes, sugar cured shoulders, bacon cuts, dried beef sets, pork, lard, and pigs feet priced per unit or container. The note resembles an old grocery or wholesale price sheet with multiple abbreviations and misread terms.
A dense OCR list enumerates numerous banks and financial houses across Allegheny and surrounding regions. Names include National Banks, Savings and Deposits, and trust outfits such as National Bank of Commerce, Third National, and Pittsburgh area institutions with directors and officers like A. Byers, James McKee, and W. H. Dietrich.
Local road passenger men plan a sub committee at the Seventh Avenue Hotel to implement Central Traffic Association rules. They will report outcomes to the Chicago chairman. The group may replace the current city association as the main organ for passenger matters.
Fire escape supply delays force extension of deadlines though first notice period has lapsed. Chiefs Brown says no action on already let contracts. uncapped work pulls right owners to build. A building list will identify those lacking escapes and compel owners to install.
The listing advertises 12 cabinet photos or one life size portrait for 350 dollars at Aufrecht's Elite Gallery located at 516 Market Street in Pittsourg, with elevator service noted for access.
Bargain counter titled 5c sil offers many former Tic and one dollar items. Store labeled Boces and Boar features bulk discounts and inexpensive merchandise.
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