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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 24, 1891
Page
7
The McKinley tariff reduces Canada cheese imports and raises local prices while New York and Ohio cheese show price gaps. Bananas arrive in carloads with steady Fourth of July demand. A carpenters lockout disrupts construction showing mixed market activity and delayed recovery.
Livestock market report shows East Liberty receipts 441 head with 90 head shipped, market dull. Hoge receipts 1250 head with 700 shipments. Philadelphia 473 dest. hogs shipped to New York. keeps receipts 200 head with reduced shipments. overall market activity subdued.
Cattle receipts around 7600 head with mixed activity across classes. Feeder cattle and steers show some firmness on select lots while heavier supply and lighter demand keep overall tone weak in parts. hogs and sheep also report sluggish bidding with occasional higher spots and steady large-issue shipments.
Reading text shows a workers excursion via Pennsylvania lines to an annual Beaver picnic. Tickets from Pittsburg 65 cents, depart Union Station at 6 10.4 and end in Mt Central time. Tickets good returning until June.
Chicago open marks quiet session with favorable winter wheat belt weather and ample ocean stock. July shorts cover amid light offerings as cabling and export movement shift, while corn and oats show limited activity and mild fluctuations amid a steady to weak tone.
Mrs. Margaret Watson of Allegheny donated a 100 by 155 foot plot on Perrysville Avenue for a new Presbyterian church mission seminary building to cost about 20000 dollars. The church contributed 500 dollars. the rest will come from private subscriptions. Real estate activity remains strong with ample demand, and Pittsburgh aims to become a city of homes despite a regional strike and economic shifts.
A series of sales detail lots in Kensington and nearby areas including Tarentum Jeannette and Pittsburg. Purchasers acquire multiple blocks and lots with prices ranging from 308 50 to 11470 and plan to begin constructing four dwellings three stores a hotel with twenty rooms and two meat markets.
Pittsburg brokers see Tractions advancing as Duquesne and Birmingham firm amid reports of end month arrangements. Airbrake and manufacturing stocks rise on dividend prospects while Natural Gas group softens. Westinghouse meeting adjourned. no stock impact. New York dull, Europe steadier with hopes of grain and coal trades expanding.
In New York June 2 a cautious Wall Street tone persists as gold shipments dampen sentiment and bears spread rumors. The market shows little real demand with modest gains at close, Jersey Central slipping while Western banks report ample reserves to fund crop movements.
Financiers watch the fall money movement as the market shows little change. The discount branch remains busy yet calls stay below bank capacity while rates hold steady. Exchanges through the paper house total 2 375 768 35. gold flows and reserve levels keep money easy in New York and London.
Bond quotes from Northern Pacific and Isthmian items note closing prices in a brief market update. Names of issuers and figures are fragmented, with limited readable data on specific amounts or dates.
The report shows St Louis and New York clearings with varied balances and call and time loan rates around six to seven percent. New Orleans and Chicago money markets appear steady with premiums near seven percent, while New York exchange prices and bank clearings detail fluctuating balances across several cities.
The column lists mining stock quotes with values for several firms including Adams Consolidated at 185 and Best and Belcher at 20. Other entries show Mew Your, Deadw Eureka Consolidated at 350, Hale and Norcuras at 175, and Homestake at 315.
Turpentine markets show steady to easy demand with Rosin steady in New York at $12.50 to $14.25 and strains around $11.50 to $14.00. Spirits of turpentine in Wilmington steady at 3 cents, with yellow dip and other rosin grades noted. Mellin's Food praised as a nourishing diet, praised for easy digestion and strong nourishment.
The listing highlights new challies and satines with prices per yard and by the piece, offered by H. J. at Market Street. Simen's Men's shoes at $1.25 with value cited, and Iron City beer kept by a saloonist. James Aiken & Co. advertise a large assortment at 100 Fifth Avenue. Stull promotes cloth top button shoes at Simon's location in Allegheny. Persistent mentions of neckwear, shirts, and hosiery appear across the local shops.
Markets note first appearance of blackberries and red raspberries in fair condition after long transport heat. Home grown berries plentiful though demand soft. prices range wide per quart with shifts as supply exceeds demand. Coffee market steadies with firmer quotes and upcoming new crop. eggs cheese and other staples show price moves.
The grain exchange lists 27 cars of shipments by rail lines including Pittsburg Fort Wayne Chicago and Pittsburg Cincinnati St Louis and Lake Erie with hay oats corn wheat and rye notes. Markets show firmer cereal tones but prices near last reports with wheat declines affecting flour and patent prices.
Barruoug and New Yoak report unchanged options and steady closes while June prices show slight shifts across months. Spot rice remains dull with nominal cargoes, fair quality described as No.7 at 1c.
The drygoods market shows no major change but demand improves and local activity rises as jobbers close out stocks. Men's wear woolens attract interest with several spring goods entering the market and a favorable outlook cited. Lead steady, tin soft, bar silver quoted in London, whisky prices steadier.
Fort Wingate reports Troop D, Second Cavalry, moved about 150 miles into Indian country amid internal strife among tribes. Indian police unable to quell cattle theft. one officer reportedly killed. Two cavalry troops now operate on Navajo and Yuma reservations.
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