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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 05, 1891
Page
3
East Liberty yards report 115 carloads of cattle this week vs 150 last week and 165 prior. Prime beef scarce with no prime offerings. hog receipts large, prices weak to lower. sheep and lambs mixed with strong demand for high grade mutton and dull for common stock.
Combined livestock summaries report rising values for good veals and stocker cattle while beef and sheep receipts vary by region. In New York-Neeves-Receipts, cattle and beer shipments reflect steady prices and volumes. Chicago markets show slow cattle trading with higher weights and larger shipments. hogs and pigs prices remain uneven across regions.
Chicago traders reported firmer wheat with some recovery from Monday losses, aided by local buying and rumors of export restrictions. November corn weakened after an early rise as May remained strong. hog products gained on tight lard and firmer live hogs. Prices in London and Paris shifted, while U.S. cash quotes showed No. 2 red wheat around 1.02 to 1.03, with corn mixed across markets.
Prices for flour, wheat, corn, oats, and dairy items show firmness in Cincinnati and Milwaukee with steady to strong pork lard and butter markets. Chicago area oils and syrups noted as quieter while Kansas City and Minneapolis show mixed trends in cash and on-track futures.
The drygoods market in New York was unchanged with moderate demand after yesterday’s holiday. Business improved slowly, spring fabric orders lead interest, and the market remains steady with no speculative demand. Goods for the South are slow while West and Northwest items move well.
New Onurans and Nov. 4 reports show Coffee-Rio and Coffee Options opening with limited gains and closing steady. Trading activity includes 46 500 bags with varied futures terms and month quotes from November to June.
The market notes quiet trade for pig iron at 15.731 per ton. Copper prices steady with November at 11.60 and December at 11.60. Lead remains nominal domestically. Tin is quiet but firmer at 19.90 in the Straits market.
London bar silver quotes slip 5d to 44d per ounce as New York dealers report steady but lightly moved activity. Receipts of 223,200 pounds for Sr. Lovre-Wool with shipments of 13,300 pounds reflect modest demand and supply shows a slight firming.
New York rosin markets are quiet and steady while turpentine remains dull and lower by three grades, with slight price adjustments noted across the market.
In Tehua Fu Kien province insurgents attacking 2000 men seized a city after a three day siege. Chen led the assault freeing prisoners and marching on the magistrate’s Yamen. Imperial troops later moved out to confront the rebels as reports of atrocities emerged.
Mosrocee I T reports an equity petition seeks partition and allotment in severalty of about 14 million acres held by Cherokees and other civilized tribes. The filing is described as possibly the largest land suit in American history, stirring tribal communities.
In Vladivostok, a wave of recently escaped convicts has been largely rounded up. Authorities report 16 still at large, though many believe more remain at large. The government offers 75 roubles for dead and 50 for alive per suspect.
Illinois State Geologist Dr Lin Dahl reports abundant raw material for glazed earthenware in the state. Kaolin deposits are plentiful in Southern Illinois, especially around Union County, enabling several high quality varieties of porcelain production.
Miss Cora Neese aged 18 died after two weeks of illness linked to nicotine poison from smoking a cigarette. Doctors cited smoking as the cause. Ground broken for the Pan American RR in Brownsville Texas.
An old advertisement fragment touts Carter's Little Liver Pills as a remedy for sick headache. It repeats product names and variants, implying a marketing claim without context or detail.
Park Bros plan a 12 story business and office structure on the McTighe block at Fifth avenue and Grant street, city's tallest building by three stories, promising a new downtown hub and real estate revival. Jeannette to gain a rug and astrachan plant with $100,000 capital led by Alfred Hugg of Camden New Jersey. Groundbreaking for Allegheny church site at Beech street after a price concession of $65,000.
The local money market remained quiet and easy after the election with moderate call rates and abundant supply. Maverick Bank failure headlines faded as a live factor with assurances that depositors face no loss and few institutions affected. New England sentiment may loosen with time while New York money on call held firm between 4 and 5 percent. Closing bond quotes and bank clearings across cities indicate steady conditions and expected 3 percent money rate.
The report shows clearings at $566,033 and balances of $97. New Cursane closures total $1,659,053 with the New York exchange offering a 15 per thousand discount. A 50 percent discount to par is noted for a bank, with 12 cents per $1,000 for the Catoaco exchange. Money ad cent. Bank closings for Tuesday and Wednesday amount to $24,915,000.
The stock market showed gains with most changes upward led by Third National Bank Pittsboro Traction Luster and Switch and Signal while orders at these levels remained unfilled. Talks of street railway consolidation circulated as Manchester and Pleasant Valley officials held frequent talks. analysts expect a forthcoming arrangement.
New York stock dealings opened with underlying strength as Lon don buying supported several issues while domestic selling grew late. Texas Pacific dropped amid Boston firm failures, money rates spiked to 15 and heavy selling pulled many stocks down. St Paul and Atchison led gains in forenoon, but overall day ended in mixed to weak with Rock Island down 14 percent and Texas Pacific down 1 percent, Chicago Gas up 1.
The market summary lists prices for mining shares on November 4 including Adams Consolidated 180 Belcher 150 Best and Belcher 225 Brown Point 100 Consolidated California and Virginia 45% Deadwood 170 Eureka Consolidated 115 Gould and Curry 125 Homestake 1050 Horn Silver 340 Iron Silver 45 Mexican 20 Ontario 800 ere Ce 250 Savage 150 Bierra Nevada 150 Standard 120 Onion Consolidated 175 Yellow Jacket 120.
Market notes show lower creamery butter quotations as consumers favor imitations when prices exceed six cents per pound. Cheese holds firm and slightly higher, eggs stay firm, poultry supplies ample and quiet, game rising in front with good demand at quoted prices. Fresh fruit and vegetables show varied activity with tighter potato supply and steady sweet potatoes.
The market shows no new features this week with prices steady and activity fairly brisk. Readable items include spices whole and other staples, with several lines noting brands and grades, plus syrups, molasses, and oils in varied packaging and weights.
A fractured inventory page lists groceries including corn starch raisins prunes currants and pineapple items. It mentions canned vegetables fruits preserves nuts and seafood with varied pricing and packaging such as bbls halves cans and jars.
Grain Exchange sales show limited activity with mixed car receipts by railways including Pittsburg Pittsburgh and others. Prices for wheat corn oats rye and flour are quoted with modest declines for corn and weak millfeed while hy e remains firm.
A fragmented notice references court avenue savings with figures such as $800,000 and mentions officers including a president and treasurer. The text indicates a time deposit agreement and interest terms, though many details are unreadable.
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