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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 20, 1891
Page
3
Northern and Southern iron and steel prices shown with foundry iron trade to Consumers, freight notes, billets and rods quotations, and foreign market movement. The report covers Thomas Iron Company sales, manganese issues, steel plate and bar quotations, and currency market signals across major U S hubs.
The Metal Markets report from New York notes dull pig iron with the American price at 315 zils, copper steady with November and December around 2111, tin firm at Straits 1955, and lead quiet and firm on domestic markets.
Chicago wheat dealers reacted to yesterday's false report of the Russian wheat export ban. The market weakened as traders sought the report's author, with prices drifting lower across wheat and corn while oats stayed dull. May and November contracts showed modest gains but closed weaker overall, and the provision market fell from the previous day.
New York market notes show coffee options steady with mixed futures. Rio cargos are fair and quiet while November to July figures appear, indicating varied trading sentiment and daily sale volumes.
The Drygoods Market in New York on November 19 reported no signs of imminent price cuts as buyers expected. Prices remained unchanged and market activity was quiet with no new developments. In St Louis wool markets, shipments totaled 55,200 pounds from 43,300 packages as recessions caused weakness and slow trading.
New York market recap notes bar silver prices with London quotation at £ Fgd per ounce and New York dealers offering Sige per ounce. Incomplete OCR leaves some figures unclear but indicates price references for the metal.
New York rosin markets are quiet and steady while turpentine remains quiet and easy. The Farmers' Deposit National Bank invites the public to call and inspect their new safe deposit vaults and to inquire about renting boxes and depositing valuables.
A sale by Black & Baird for Mrs. Mary Foster to Dr. A. Fleming at 420 and 422 Penn Avenue tops a long list of real estate transactions. The auction board saw eight parcels offered with four sold, including Grant Street property for 111,000 and notable Kensington lots sold by Burrell Improvement Company. The column also notes stock prices, coal demand, and growing real estate activity across Pittsburgh districts with plans for future development.
The money market showed improvement with heavy deposits and ample funds. Rates held at 6 percent with no change in bank discounts and large bank balances. Analysts expect at least 100000000 in investment money after January 1 boosting business. New York money on call ranged 3 to 4 percent with prime mercantile paper steady.
Closing bond quotations are listed for Gen. M. and others. Bank clearings show New York and Boston totals with wearings and balances: New York $112,408,987 in clearings and $6,089,260 balances. Boston clearings $15,830,961.
The home securities page notes a sharp stock decline as Booms and Tractions led a broad downturn. Duquesne stock dropped to 16 1/3 with 15 bid while Manchester and Birmingham showed weakness. Pittsburg Traction ended firmer than open, Pleasant Valley weaker, and gas shares largely unchanged.
The New York stock market showed dull trading with professional activity dominating. Sugar led gains on dividend hopes while Chicago Gas and Richmond and West Point rose, but overall turnover was modest and many issues softened before a late sugar rally.
A listing of mining stock quotations reported from New York on November 19 includes Adams Consolidated 185, Chollar 100, Deadwood T 0, Eureka Consolidated 125, Gould and Curry 140, Hale and Norcross 45, Homestake 1050, Horn Silver 465, Iron Set 145, Mexican 235, Ontario 3400, Ophir Plymouth 250, Savage 135, Sierra Kavas 25, Standard 10, Union Consolidated 0, Yellow Jacket 100.
Orrivr of Pittssone Distatcr, Tuvnes Bay, reports receipts for Carrie cattle hogs and sheep. Cattle receipts 1575 head with 1512 shipped. market steady. Hog receipts 3350 with 3550 shipped. Philadelphia bids 46 41 mixed 405 best Yorkers 3 4. Six cars hogs shipped to New York. sheep receipts 00 head shipments 200. market fair at yesterday's prices.
Telegraph reports cattle and hog markets across New York, Chicago, Cincinnati, St. Louis, Kansas City and Omaha. Receipts vary from 48 to 56 thousand head, with cattle steady to firm in many regions, hogs generally steady to lower, and sheep and lambs showing mixed shifts amid regional price ranges. Notable notes include higher lamb prices in some areas and firmer dressed beef values, with calves and western stock showing varied movements.
The Manchester Traction Company ran the first cars over the Woods Run branch yesterday. The white exterior cars have antique oak interiors similar to the Duquesne line. The old car stable on Island avenue is being remodeled with an iron roof and will become a car shed and storage house.
The report notes strong dairy and poultry demand with higher prices for creamery butter cheese and eggs. It highlights scarce strictly fresh eggs, steady poultry markets, and abundant fall vegetables while potatoes cabbage remain dull and bananas show improved quality.
Papal Consistory set for December 1n Detroit courting Republican Convention interest spreads across Southwest France and Paris. St Clair tunnel opens to passengers December 7. Costracoalcos port and harbor planned in Vera Cruz. Russia denies new loan. Mexican murderer Lorenzo Percy granted a one week reprieve. Florida orange shipments move northward in the millions of boxes. Paris decrees demolition of Louis XVI memorial chapel. Northern Pacific declares regular dividend. Potter Lovell liabilities cut by half. Mrs Caleb Hopkins of New Jersey names her children Hopkins. Federal grand jury indicts seven in interstate commerce violations. Royal Atlantic Building and Loan treasurer Ashforth arrested in Liverpool. Oklahoma City Convention backs statehood for Indian Territory. Morning Mine sale to Milwaukee syndicate for 900000. St Paul rail wreck near Pewaukee injures engineer. Natives in Cameroon kill Captain Gravenreath and three others. Porango funds law to stabilize corn prices. Auburn California jury indicts Robertson for wrecking the Southern Pacific. World’s Columbian Exposition talks with Rotary Blaine. Ex king Milan pressures Servia for settlement terms. Willard Norvell of Detroit jailed for $500 theft from bank counts. Timothy Woodcock drowns in Oswego Canal. Three children killed by wolves near St Paul. Dublin coroner verdict blames ill treatment by Rev Cotton. Bodies recovered from Hattie Estelle wreck. schooner lost. Judge Hudson rules bank stock taxation valid. railroad case to follow.
Daily grain market notes show oats at 37 cents for five days, corn 5 cents higher with improved quality due to cold weather. Receipts total 13 cars, with eight from Pittsburg Fort Wayne and Chicago Railway and other cars from Pittsburg Cincinnati and St Louis Baltimore Ohio and Pitts and Lake Erie. Demand for high quality hay rises while cereal markets gain strength on light receipts and cold weather.
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