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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 18, 1891
Page
3
Massachusetts faces renewed talk of reviving the McKinley tariff on foreign hides. Shoe manufacturers led by ex mayor Douglas of Brockton warn higher costs threaten mass crest industry and jobs, while advocates urge restraint and fair competition.
Traders noted firming in wheat on favorable weather for the belt with beliefs that moist soil will soon harden, despite weak Russian crop reports. Corn prices slid due to large receipts while hogs showed robust supply effects but limited demand, and oats rose amid overall commodity weakness. Market action included fluctuating futures and varied openings and closings across months and grades.
The New York drygoods market on November 17 faced continued wet weather that checked demand and movement. Trade remained steady with spring articles in satisfactory shape, jobbers slightly easier, prices firm, and no clear future direction.
A fragmented report from November details coffee firm Rio cargos and market activity. It notes steady price movement with numbers like 12.60c in February and 13.00c in January, plus mentions 36,000 bays and several monthly figures, indicating a quiet, steady market trend.
Wool trade at Pritavetra shows quiet demand with receipts totaling 123100 nas and shipments of 1000 pounds. Market lists various qualities from unwashed to washed offerings with prices ranging through 11 17c to 31 I14c, reflecting dull activity and stable to slightly lower quotes.
New York market notes copper rising while tin and iron show mixed quotes. Copper is firmer with November and December at 1125, lead stays nominal at 42844, tin steady to dull at 1990, and iron shows a dull tone with a high value of 15769180.
New York reports November 17 noting London prices at 4s 1 6d per ounce and New York near term price around 57 1-2 cents per ounce for bar silver.
Turpentine markets are dull at six dollars, rosin remains quiet and firm. An advertisement praises Mellin's Food as a satisfactory nourishing diet aiding delicate stomachs and delivering notable strengthening effects.
Across Pittsburgh and nearby towns, property moves include A Walker's Sons leasing 28 Water Street from the Schmeltz estate after fire, and major hotel site debates centered on the Central Hotel block. Valley View growth, Johnstown progress, and rising home construction mark rapid urban expansion with dozens of proposed developments and new rail and streetcar projects shaping the region.
The article notes steady business with no new features and average loan demand between the fall and holiday period. Pre ve il banking rates show 1 percent with parity in exchange and currency. Bank clearings reach 1 977 335 57 while balances total 397 100 14. money is easy due to foreign gold inflows and returning currency from the West. Call loans ranged 7 to 3 percent, average around 4 percent, with 30 to 60 day and three to six month loans active. Demand for commercial paper improves. first class names in desirers’ hands remain limited. Rates 5 to 6 percent declining. In New York, money on call was easy 1 to 4 percent.
The report notes a plane at 3 percent and a steady sterling exchange. The pond rates show 4 8034 for 60 day bills and 4 845 for demand in the market.
Bond quotations and certificates appear with percentages and terms in a condensed listing. The fragment references Northern Fae and Northern Connols with 9 percent notes, plus other securities and debentures, suggesting a market summary item for investors.
Bank clearings are listed for New Yorr, Boston, Pauperreia, Bachinorr, Louis, and New Onteaxs with balances and money rates. Several entries note New York exchange conditions, including par, discounts, or premiums, and a large overall figure near ten million in one entry.
Pittsburg and Duquesne Traction stocks rise amid pending negotiations. Both names climb on heavy demand with Duquesne at 18 bid and 18 offered, while Chartiers Railway gains on earnings. Other utilities show varied movement as investors push across the active list.
The market showed dull overall with a firm tone as Delaware and Hudson Reading and Atchison and St Paul led activity. Coal stocks gained on demand with Delaware and Hudson rising about 14 percent, while Tennessee Coal fell then recovered. Total stock sales reached 114,857 with Reading and St Paul among top contributors.
New York November 17 Alice 100 Adams Con solidated 184 Best and Relcher 20 Virginia Own Point 140 Consolidated California and Virginia 6 124 Eureka 140 Gould and Curry J Hale and Norcrosa 140 Home stake 1050 Horn Silver 344 Iron Silver 145 Mexican 285 Ontario 3AM Ophir 380 Ply mouth 223 Sierra Nevada 40 Standard 110 Union Consolidated 20 Yellow Jacket 160
Receipts at Fast Liberty and All Other Stock Yards on November 14 show 4 cattle receipts totaling 670 head with 630 head shipped, market steady. Hog receipts 3,800 head with 2,400 shipped, market active up 6 to 10 cents. Two cars of hogs shipped to New York. steer receipts zero with 400 head shipped, market slow at yesterday's prices.
Telegraph reports varied receipts and steady to firm prices across major markets. Chicago cattle steady to higher. hogs brisk early then steady. Omaha and Kansas City show active trade with lighter demand for some fat cattle. lambs and sheep mixed but generally firmer in many regions.
Prof. Israel C. Russell reports lush vegetation along the Alaska glacier edge from Tey Bay to Yakutat Bay. Strawberry vines carpet the ground. hackleberries and salmon berries grow to giants. Low lands carpeted with violets and buttercups, while meltwater gardens flourish amid the ice fields.
The market notes a tight supply of strictly fresh eggs with September storage stock selling fast at premium. Butter gains per pound at Elgin amid mixed butter quality. oranges and creameries show oversupply and weak demand while corn and hay show firmness.
Sales on call at the Grin Exchange today record 44 loaded cars, including 2 from Pittsburg Fr Wayne and Chicago Railway. Receipts cover various grains and feed such as hay corn rye bran flour oats middlings and malt with multiple lines showing by railroad company and car counts.
Congress should consider a tariff on foreign leeches as American leeches struggle to compete. Eastern Pennsylvania and Philadelphia remain the main domestic production centers with Berks and Lancaster counties involved in collection. Physicians in Philadelphia defend homegrown leeches for delicate uses near the eye and other light bodily applications.
Chicago November 17. Preliminary hearing for John Beatty charged with murdering actress Fannie Cartwright, who was found dead on a railroad track. Beatty held to await grand jury action in the amount of 23000.
The ad argues old and new cures for consumption are uncertain and promotes careful living. It endorses Scott's Emulsion of cod liver oil as a helpful part of health maintenance. Bowen, chemist, lists address and urges readers to request the free CAREFUL Living book from their druggist.
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