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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Mar 30, 1892
Page
3
A historical article urges merchants and manufacturers to actively pursue trade, diversify offerings, and adopt new methods. It notes hardware prices fluctuating with spring activity, predicts a future rise, and stresses that diversification mitigates market glut and sustains profits through varied industrial lines.
Chicago reports a volatile session as wheat prices jump after a Telegram from Washington and perceived non obstruction of trades. May delivery rose to 80 cents, settled near 79 cents, with a late rally on bullish news and reduced receipts.
Wheat and corn prices show mixed moves with spot strength in wheat and firmer oats in Minneapolis and Duluth. Chicago and Philadelphia report weak or steady trends with barley steadier and mixed data across several regions. Market activity remains cautious amid uneven receipts and transport delays.
Abraham Cooley and his wife were found with throats cut in their front yard after a suspected break in during a night of sheltering an unknown visitor. The crime, believed tied to money kept in the home, prompted officers to scour nearby areas for the killer.
The Chicago court afternoon indictment targets ex State Senator M B Sheeveley a Chicago Board of Education member and chairman of the Education Committee on Supplies. Like nine indicted aldermen he stands charged with conspiracy to commit bribery. The case is seen as potential spitework tied to supply contracts.
Reports from Excursa March 28 describe a planned lynching near Bird's Eye Crawford County after Garland was killed by two brothers. Garland's kin lead a posse seeking Ferguson believed hidden in the woods armed with Winchester rifles and threatening a swift punishment. Mention of H Calllette apparatus experiments on low temperature by carbonic expansion appears in same item.
A vintage line echoes a mother’s insistence on Castoria from babyhood to motherhood. The ad couples enduring trust with a product linked to childhood remedies. The cheerful timeline emphasizes family use and familiar brand confidence.
Workmen prepare to begin two major buildings on Smithfield street in Pittsburg. The L shaped Bennett lot and the Solomon Ruben block will host eight and five story structures with granite and stone exteriors, modern fire protections, and occupancy hoped by November. Total costs exceed $170,000 with new offices and mercantile space expected to spur further development.
The stock market showed light trading but prices remained well sustained with unlisted tractions advancing. Notable gains came from Central Traction Philadelphia Gas Luster and Electric while Pittsburgh Traction and Underground Cable eased slightly as central activity remained strongest.
The speculative spirit on Wall Street is at a very low ebb with little inducement to part with stocks. Trading was thin, led by weak schedules in New England and Rock Island with minor uprisings in Sugar and Cordage, while bonds showed firmer sentiment. Total stock sales reached 2,535,635 with varied price shifts and a cautious close.
Bar silver in London is higher at per oz. New York dealers price for silver side per oz.
Investors show greater activity as spring workloads rise and consumer confidence stirs trading. Analysts cite better sentiment, seasonal demand, and renewed optimism driving markets higher.
Bank clearings reach 2 017 901 74 dollars and balances 347 556 52 dollars signaling a steady spring upturn. A bank officer notes money will move through the season and expects a sharp rally after the April settlements despite possible gold shifts. New York money on call remains easy with rates near 1 percent and mercantile bills quoted around 4 46 percent.
The report lists close quotations for securities and currencies and bank clearings across multiple cities. It notes New York exchange conditions, sterling rates, and daily figures for Chicago St Louis Boston Philadelphia Pittsburgh and other centers including balances and money percentages.
The Elgin market notes creamery butter remains scarce with country butter rising near creameries in price. Eggs weekly receipts lag while poultry and vegetables see activity, prices steady. tropical fruits and canned goods firm as spring trade boosts buyer turnout and sentiment.
No sales on call at the Grain Exchange today as cereal receipts remain in excess of demand. Four days remain for final reports with 1065 carlots already received. wheat prices ease while corn, millfeed, and oats stay barely steady and hay declines due to high supplies.
East Liberty and other stock yards show dull cattle trade with no New York shipments today. Hoosier yard firm on all grades. sheep and lambs steady, veal calves dull. Chicago and New York receipts indicate overall steady to firm tones with mixed hogs and steady dressed beef. Louisville and St Louis show active hogs and steady cattle.
In New York trading, Cofles options showed mixed steady action with a 5 point range drift and ends unchanged to 20 points lower. Total sales reached 18 750 contracts including March and several roll dates, with quotes centering around 13.40 to 13.60 for March and 12.05 to 12.60 for later months, while Rio No 7 remained dull and nominal at 43.0.
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