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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 01, 1890
Page
3
The industry notes softening in raw iron and Bessemer iron, while finished steel remains strong. Mill stocks are light and traders expect future prices to rise, with level shifts and delivery forecasts varying across regions and products including rails, beams, and wire products.
The past week in Chicago shows no decided tendency in prices with no definite signs of rising or falling. Consumption remains heavy and business steady with prospects of buyer activity, while large demand on Southern soil and other markets remains quiet. Cash quotes for Chicago remain unchanged from last week.
New York prices show Teese copper nominal with unchanged figures. Lead nominal Straits at $2130.
Chicago wheat prices showed a firm tone with May delivery attracting steady buying by Eastern traders. Dec and May futures closed modestly higher, May carrying a premium over December as improved cable advice and record grain stocks supported demand. Corn and other grains traded choppily with May futures limited by offerings, while oats and rye moved modestly higher with cautious demand.
Market basket materials remain largely unchanged since last Saturday with slow turnout in vegetables due to frosts. Butter prices rise modestly while country butter demand stays light. eggs are scarce and in steady demand. oysters and other ocean products see price pressure amid limited supply. A dealer notes stocks are not easily replaced as prices trend upward. Lists show varied prices for meats, produce, and seafood across markets.
Bar silver prices in New York were quoted at 1 0536 per unit as of October 3 trade, reflecting market movement amid thin activity.
Market signs show strong urban growth with rising railroad and shipyard activity. Real estate transactions total multiple properties and mortgages as lenders plan a Johnsonburg national bank, while housing demand climbs in Wilkinsburg and Allegheny districts despite bad roads and scarce new buildings.
A compact catalog segment lists entities with numeric values: Consolidated Bodle 210, Caledonia B H 105, Colorado Fob Tos Beacon Cali fornia Virnia 410, Porekra 7a Gould 17, cm 850, Horn Bllver 340, Iron Silver 150, North Belle Isie 130, Opbia 450, Occidental 160, Butter Creek 120.
Trading was light and sentiment weak with 65 shares changing hands. Philadelphia Gas led activity at 26 then 25 on lower demand, while Wheeling Gas and others showed scattered effort. total NYSE volume reached 217,631 shares with 8050 Atchison and 12,595 Pacific among notable totals.
The Clearing House report shows October exchanges exceeding last year by over 13 million and year-to-date gains surpassing 125 million. Money on call in New York closed around 0.30 percent, with mercantile paper quiet and rates steady for short bills and demand.
The document cites numerous clearing balances across cities including Boston and Philadelphia with figures such as 120 550 190 and 15 612 518. It notes end of month comparisons, year over year changes, and mentions New York exchange at a 60 percent discount with money firm on call loans at 6 percent and time loans near 6 7 percent.
Oil trading yesterday in the pit opened at 76 cents, the high, and closed at Tie with a 2 cent bid for cash oil. Month’s activity balanced, option switched smoothly, most deliveries completed. A. H. McGrew quotes puts at 7c and calls at 50c from 1a Fourth Avenue.
Orry and Bradford report National Transit certificates opening at 7 and closing near 7s with varied highs and lows. New York notes petroleum for November option with firm close after short covering. Pennsylvania oil and total sales total around 180,000 barrels with mixed opening and closing prices.
Trading for October 31 was largely dull with small fluctuations and a firm overall resistance. Sugar Refineries drew attention as a financial statement spurred early gains before a late pullback, Reading faced a sharp attack amid pool dissolution rumors, and market weakness from tight money limited the closing level.
Market gains were modest with Reading the only sizable fall, down 14 percent. Sugar Refineries and Pacific Mail rose about 14 and 1 percent respectively, while railroad bonds showed muted activity with total sales near 1.1 million. The Sugar Trust notes indicate profit uncertainty and weak cash, affecting equity outlook and proposed reorganizations.
Cattle receipts 1 260 head shipments 1 220 head market dull all consignments to New York. Hogs receipts 4 600 head shipments 4 250 head market steady. Philadelphia hog prices 440 mixed 15 425 best Yorkers 310 common 360. 15 hog cars shipped to New York. Sheep receipts 600 head and eweet 1 400 head market quiet no offerings.
Cincinnati hog and beef prices edge mixed with receipts of 3 580 head while New York and Chicago show varied cattle hog and sheep shipments. Prices range from common to choice across feeders cows and beevs with steady to active demand and livestock movements.
River traffic shows a softer pace with up-river packets doing normal runs and coal trade easing. Market Street gauge reads 10 feet. authorities expect only a light rise. No Cincinnati packet yesterday though the Keystone State arrived and plans a trip to the Queen City.
Fragmentary ad style text references Little Liver Pills marketed for sick headache and liver related discomforts. Mentions include pills for headache and liver issues, with garbled phrases suggesting product names and uses. The readable items imply a patent medicine advertisement typical of historical newspapers.
The Pitts dispatch notes strong demand for nuts around Halloween with steady dairy and egg prices. Fruit and grape supplies remain above demand while potato quality holds at firm outside quotes. Broad market shows declines in October trade volume due to rains and bad roads with staples largely unchanged.
Receipts show 26 cars with 19 by Pittsburg Fr Wayne and Chicago Railway and minor shares from Pittsburg and Lake Erie, Baltimore and Ohio, and Pittsburg and Western. Wheat No 2 red quoted at 81 to 105? corn and oats up with scarce mill feed. hay dull amid heavy receipts. No. 2 yellow shelled corn and oats trade strong as markets edge higher.
A dated list shows winter patent flour prices from 4 00 to 6 25, fancy winter at 8 25 5 50, clear winter 5 Wg 25, bakers 4 75 5 00. Buckwheat flour and mill products include middlings 24 2 00 per ton, No 2 white middlings 24 25 0, brown middlings 21 0o 22, winter wheat bran 18 00 15, hay timothy No 1 99 75 10 00, No 2 0 5 00 8 50 loose from wagon 13 00, No 2 prairie hay 7 W 8 00 packin erkaw 8 OF, wheat and rye 57 5.
A fragmented list of sugar cured hams bacon shoulders and related items with assorted prices and references including dried beef flats rounds and lard refined. Mentions half barrels tins pails and tin paila units with unclear quantities and misspellings.
Wool receipts in St. Louis reached 150 700 pounds while Philadelphia and Boston markets remained quiet with firm prices. Large sales of territory wool totalled about 1 100 000 pounds. California and Texas wools held firm with spring and fine delaine values steady. An illustrated feature on Indian Chiefs and Washington's friendship with the Half King is announced for THE DISPATCH tomorrow.
A family tale set by a cabin fire. A mother and her several daughters endure a painful trial as a coal buried under a worn shoe sole burns through the girl’s bare foot, revealing hardship and stoic endurance.
The article highlights Helmuth von Moltke as the unflappable German chief, who steered decisive planning at Sedan with precise, flexible strategies. It previews tomorrow’s illustrated Dispatch feature on the Pittsburg Arsenal’s wartime work, including today’s photo reproductions.
A look at champagne bottling notes the delicate process and gas buildup. Bottlers expect breakage and losses to rise with gas pressure, often 10 percent or more, leading to higher bottle costs and prices for remaining stock.
In a classroom exchange a professor asks if a student’s book is open and the sophomore replies it has not been opened for three weeks, prompting a moment of humor about study habits.
A veteran head waiter from the Hotel Anderson argues that many people are needed to run large hotels and public life. He recalls long struggles with chronic catarrh, while others praise Drs Copeland and Blair's mail order treatment that cured various ailments.
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