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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Mar 17, 1891
Page
3
Debates on reforming property sales as leases and brokers fade, making deeds easier for buyers. Correspondents praise modern terms, fewer cash hurdles, and broader site availability near McKeesport and Pittsburgh areas. Mortgage demand remains solid with rising housing rents. Local permits list new builds on Wylie avenue and surrounding streets.
The local market opened weak then steadied as Electric rose to 12 bid and 134 asked. Philadelphia Gas advanced, while Switch and Silverton held steady. Electric again led with a 400 share print at 113 1/4. Total trades reached 5? shares with several issues showing activity and weak bank and insurance demand.
At 19 and 13 minutes, bids 10 Switch and Signal at 114. Ten at 5 percent and 16 Luster at bids and offers occur at each of the three calls with time details provided.
The money market remained steady with a moderate loan call and ample funds. Clearing figures indicate cash-heavy trading, large deposits, and favorable rates. New York and other cities show strong money markets with paralleled liquidity and stable exchange.
The market opened and closed with little movement as prices hovered around 874g top and 731g bottom. Refined was unchanged. daily tonnage averaged 74,257 with six shipments. brokers reported a subdued mood despite bullish conditions and Standard buying activity. McGrew Wilson & Co quoted puts at 73 and calls at 70g.
At Brapronn on March 16 petroleum certificates opened and closed in narrow ranges with 328 clearance and 176 000 shipment barrels. New York quotes showed dull opening with a slight rally on Sears term, while Lima oil reported no sales and total 54 000 barrels.
The March 14 market opened with initial activity that faded into general stagnation. Lackawanna and Burlington led declines while coalers fell. some westerns showed selling pressure, but later buying revived gains. Railroads and bonds traded actively as the day closed firm with significant intraday swings.
The dispatch notes the latest New York Stock Exchange prices for active stocks as of yesterday. Whitney Stephenson, oldest member of the exchange, is listed at 67 Fourth Avenue.
Closing stock quotations in Philadelphia as furnished by Whitney and Stephenson brokers New York. Notes include Lehman Navi Philadelphia Erie on Northern Pacific common and Northern Pacific preferred with values shown. Miscellaneous entries list Valley Navigation and Buffalo NY areas.
Mining quotations listed prices for multiple mines in New York including Alice Bodie Consolidated California and Virginia Eureka Consolidated Homestake Horn Silver Iron Silver Mexican Ontario Plymouth Savage Sierra Nevada Standard Md Union Consolidated with values like 15 100 102 500 5 8 10 300 3850 160 290 20 290.
Chicago reports Board of Trade data on grain stocks with shifts in corn oats rye and barley. Corn inventory down 250000 bushels while oats rise 2516 000 bushels and rye up 21000 bushels. Barley falls 194000 bushels.
Coffee options in New York on March 11 show 28,009 bags traded with contracts across several months. April and June closed around 17.05 cents per pound while September reached 16.25 and December around 14.65 to 14.70 with cargoes reported steady.
Special telegram reports London bar silver at 456 16d per ounce with New York selling price at 4 1 4 cents per ounce as quoted by bullion dealers.
New York pigiron markets remain quiet with American price at 1600. Copper pricing stays nominal while lead softens domestically to 492 per unit. Straits trade shows dull activity with tie at 2010.
An to be invaluable aid to West Penn Allegheny General and Homeopathic hospitals. The permanent organization met at Homeopathic Hospital with officers elected led by President Mrs C V Sherriff and Vice Presidents Mrs Rodgers and Mrs Gillespie. They will develop a fund raising plan inspired by England's Hospital Saturday and Sunday model. The next meeting will be Monday afternoon at the same venue.
The event runs Thursday March 19 and Friday March 20 featuring pattern hats and latest millinery novelties. Gries showcases two Pittsburgh addresses at 56 Sixth Street and 94 96 Federal Street in Allegheny.
1000 Easter booklets available in 25 designs at 10 cents each. 100 dozen regular price 25 cents. Suitable for Sunday school classes and other religious use. Beas & Bun.
Monday brings a near silence in markets as produce and sugars ease while coffee holds firm. Prices vary little with eggs scarce and butter prices high, while maple syrup and dried fruits populate a wide range of items from fresh apples to canned goods and preserved foods.
Grain Ex change reports no sales on call as buyers and sellers are far apart in price views. The cereal boom remains stalled with no profit margins at laydown and receipts totaling 42 carloads across lines including oats, hay, straw, bran, middlings, ear corn, and wheat.
The notice lists prices and grades for hay including No 2 white middlings No 1 No 3 and prairie hay with loose wagon loads. straw oats wheat and rye at various per unit costs. and a wide range of sugar cured meats with prices for hams bacon shoulders and dried beef, along with lard and canned pork products.
Chicago and New York markets show early pressure for lower wheat, then a sharp rally as short sellers exit and visible supply declines lift prices. May wheat ranges from 101 to around 104 1/2 with bids, while corn moves on short covering and firming futures. Prices in Chicago and St Louis reflect mixed global cues including France, Bulgaria, and Spain, with contracts for May and July fluctuating and soybeans weaker on some reports.
The report covers prices and conditions for flour, wheat, corn, oats, rye, and provisions in Philadelphia Cincinnati Baltimore Minneapolis Milwaukee Toledo Duluth and other markets. It notes mixed demand, firmer meats, steady dairy products, and fluctuating grain futures with No 2 and No 1 varieties highlighted.
A hotel clerk defends itinerant drummers describing their hard lives on the road. They rush into lobby registers and hurry to find business contacts. The piece portrays drummers as decent, resourceful sellers often misunderstood by merchants and the public.
The St Louis Republic profile describes Sir Edwin Arnold as an early riser who eats fruit and coffee in bed and takes tiffin at noon. He drinks 80 to 90 cups of Japanese tea daily while writing with a bold hand and relies on his maid to bring fresh cups on a tray. He enjoys a wide range of Japanese foods, claiming he can eat everything.
Water depth dropped to 10 feet with slow decline limiting coal loading. Several boats await higher waters to depart, including Sam Clark and Hornett in tow, as winers’ hands grow tough. Harbor packets Kvey Stone State and Lizzie Hay operated downriver. Cincinnati trade steady but not brisk.
At Herr's Island and Woods Yard markets show light cattle supplies with Chicago beef mainly. Sheep and lambs draw strong demand while hog prices rise 10 to 15 cents per cwt as receipts remain below week earlier levels.
Cattle receipts vary by city with Omaha and Chicago showing mixed moves as feeders hold steady for top lots. Buffalo and St Louis report steady to firm trends on heavy steers while sheep and hog markets show active bidding and notable price levels across regions. Johnson, Smith, and local buyers move on large shipments as markets inch down for many classes.
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