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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
May 13, 1892
Page
3
New York May 12 The Iron Age notes continued dullness in pig iron with production cuts and rising stockpiles. Steel plates sell at very low prices in Pittsburg for Eastern deliveries while overall steel demand remains quiet and exports show mixed results.
Cattle receipts 120 with shipments. market yesterday's prices and no cattle shipped to New York today. Hogs receipts 1,800 with four cars bound for New York. prices noted. Sheep receipts 1,000 with 400 shipped. market steady on good and slow on common at yesterday's levels.
Receipts include 20 000 cattle with shipments and 6 000 head market slow dull lower prime to extra steers quoted around 4 lag. Hogs receipts 13 000 with active market closing strong. Sheep receipts 7 000 with mixed activity. New York and other markets report flat or mixed trading. Calves and livestock values vary by role and grade with dressed beef steady.
Fragmentary market lines mention tin and other metals with prices and markets. no clear events or entities readable. The few figures imply domestic trading and commodity notes but lack coherent details for fuller summary.
Chicago traders faced a day of selling then a rally as bullish overseas signals from England France and India and May option strength reversed near losses. May wheat rose about 4 1 4 and July up 3 4 as corn oats and pork held steady amid heavy weather effects and a 600000 bushel wheat delivery in process.
The Dryoods Market report from May 12 notes demand holding near prior levels with a quieter tone and improving tendencies. Inquiry for goods and routine transactions are widening slowly, with cotton flannels and wool flannels showing solid activity.
A nostalgic jingle traces the Castoria brand as a mother recalls giving the remedy to her child, the girl who grew into a mother, and the grandchildren who followed the pattern across generations. The lasting testimonial highlights the product’s perceived reliability and family ties.
Article surveys office buildings rise in Pittsburg, notes 25 to 30 buildings with elevators, rising demand for upstairs rooms, and preference against cellars. Reports on building permits, mortgage reductions, real estate transactions, and local finance activity including bond sales, lot sales, and Kensington and East End developments with named firms and properties.
The New York stock market shows extreme narrowness with activity focused on Manhattan Hocking Valley and a few Industrials. Bearish pressure drives many prices down while others hold near opening levels. Overall volume totals 229,486 shares with notable activity in Atchison Chicago Gay Erie and Northern Pacific bonds. late trading shows some weakness.
The stock market saw street railways as the main draw with Birmingham Traction Manchester Traction and Duquesne rising. Central Finish and Pleasant Valley held steady while others showed little change amid varied calls and bids.
Mining stock quotations list prices for Adams Consolidated to Union, with specific bids such as Homestake at 1350, Horn Silver 323, Eureka 150, Ophir 2 and other firms like Best & Belcher 210, Crown Point 110, Consolidated California and Virginia 375, Deadwood 220, Gould & Carry 124, Hale & Norcross 120, Mexican 150, Potosi 110, Savage 130, Sierra Nevada 150, Standard 135.
For Silver Quotations New York May 12 special Bar silver in London 316d higher ae per ounce New York dealers price for silver 34c higher at igc per ounce.
The local money market showed no special features and moved near average. Weather dampened enthusiasm and farm work lagged. Rates stood at 5.6 percent with bank balances around 2,296,001.46 dollars as observers noted business is good.
Bank staff say cautious approach keeps funds steady as demand shifts. New York money on call remains easy around 2 percent with loans near 3 percent. exchange balances show modest activity and 60 day bills quoted around 861 and demand around 873.
New York Clearings and Paivapetrara show varied balances with totals ranging from $11 million to $132 million. Exchange rates in New York, par and Se discount noted. Rates quoted at 1y percent and 3 percent with several entries showing 4.6 percent on money. Chicago and New Orleans mentions appear in scattered totals.
The Home Markets review records firm corn and leather prices though fare crops like creamery butter drift downward. Strawberries and tropical fruit show improved supplies with some price cuts. Oranges remain scarce with potential gains, while vegetables and dairy items vary in supply and cost across regions.
Retail notes show no new department trade features with steady or rising weekly volume. Listings cover coffee varieties, spices, syrups, canned goods, dried fruits, nuts, sugar, pickles, salts, and fish with prices per pound or container and batch descriptions for Rio and Santos coffees, Carnaol, and other brands.
A single sale dominates Thursday at the Grain Exchange with a carload of sample oats priced 30 cents. Receipts tally 24 cars. Routes include Pittsburg Fort Wayne Chicago Railway with oats hay and flour. Pittsburg Cincinnati St. Louis line listing corn rye flour hay. Pittsburg and Western adding oats wheat and hay. No changes reported in the price list.
An OCR fragment references Carter's Little Liver Pills and sick headache. The text is garbled with repeated branding phrases, lacking clear date or event details to form a fuller report.
Grain and hay prices show corn firm oats steady and hay and millfeed quiet. For carload lots prices and bids appear with No 2 yellow corn, No 2 white oats, mixed oats, and various peas and clover hay listed, along with prairie hay and packing hay quotes and wheat, rye prices.
The report notes dullness persisting with buyers favored but stock receipts weakening calfskins and hides. Prices for stock delivered show declines and nominally unchanged levels, with further drops likely. sheepskins hold steadier while tallow remains prime. Reduction applies to No 2 stock and other categories with minor per unit adjustments.
Demand for No 1 harness leather remains strong while B grades lag and stocks accumulate. Prices unchanged as producers anticipate future rises after curtailment of shoe leather. Al legheny tanners quote No 1 trace rates and Oak collar, belting and overweights with varied per thousand and per hundred weights across grades.
Coffee at Riocar shows firmness with unchanged futures and slight gains while New York options reopen firm. notable contracts include May at 10 poe up and June through December futures inching higher. Spot Rio remains quiet yet steady as trading closes.
The report notes 295000 pounds of receipts and 103000 pounds of shipments. Demand is good for coarse and biid up to full grade and more, while merit and heavy fine stock are dull. Medium grades bring 12s per pound. coarse and brild 15 to 20. light fine 18 to 19. heavy do 12 to 16.
New York market reports turpentine and rosin prices showing steady to firm readings. Rosin dull to moderate with strained grades around 100 to 110 dollars and turpentine values ranging from 2 cents per gallon to 215 dollars for higher grade shipments.
Reports state Montreal suspend Peoples Lottery action. A Buenos Ayres skating rink collapse kills 39. Quebec con htrial of ex Premier Murcier closes with judgment reserved. Taney county lynchers arrested. Duluth tug finds three corpses. Idaho mine war prep fears labor strife. Cincinnati couple seeks divorce after short marriage. Permonillo Mexico bans ranches employing Yaqui Indians. Kansas City auditorium scaffolding collapse injures several children. A Lowell girl commits suicide after studying physiology. Falls City Bank cashier Tillman to settle fraud charges. Mayans kill 12 woodcutters after failed coercion. Believed suspect Hathaw ay linked to cattle riot. Miss Curtain dies in kitchen stove fire.
The Exchange currently has 26 applicants for membership awaiting Secretary approval. They will be presented at the upcoming meeting. At the last meeting 16 members were elected.
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