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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Oct 14, 1891
Page
3
Amid a fuel squeeze from rising natural gas costs, stove makers tout new low coal consumption models capable of heating rooms 14 feet square on eight and a half feet of gas per hour. Dealers report brisk demand, higher prices, and widespread consumer shift back toward efficient furnaces and Lase-burner stoves.
Chicago trading showed a pullish tone with a December wheat rise as rain and freezing weather in North Dakota spurred field damage and snow prospects. Corn and oats followed with gains amid light receipts and firm demand, while pork and ribs weakened despite corn strength.
Market update shows cattle receipts near zero with firm tone and costly feeders dominating on sale. Hog receipts total 1150 with 2000 shipped. market slow with mixed Philadelphia and New York quotes.
Receipts and prices for cattle hogs sheep and calves vary by city. Chicago and Kansas City show mixed trends with steady to lower beef values while consignments to New York and St Louis push varied wholesale quotes. Lambs and sheep show firm to rising quotes in several markets as futures and exporter demand influence trends.
Coffee options opened steady and closed steady with mixed signs in early New Year trading. Sales totaled 230.20 bags across October to December, amid uncertain demand and fluctuating quotes. traders noted pockets of activity in October and December shipments.
New York trade in drygoods was restricted by stormy weather and mail orders were moderate due to incomplete Western mails. The market was unchanged.
Pig iron daily Ameri can at 15 71 18 00. Copper dull and heavy with October at 12 15 and November at 12 10. Lew nominal domestic 4 40. Tin quiet and steady at Straits 20 10.
Real estate notes detail a four story East Liberty flat planned by George Hotton of Cleveland on Emerson street. The report covers local investment in rental properties a Margaritta street eight room Queen Anne dwelling sale for 5700 and active property inquiries in the East End. It notes mortgage money availability and ongoing railway and utility infrastructure growth affecting markets with several property transfers and building permits.
The local money market remained in good condition with ample funds and steady rates at 1 7 per cent. Calls for discounts were strong and routine business active while small notes remained scarce. forecasts point to greater ease due to receipts and currency returning from the West. New York gold import projections vary with estimates from Cannon to Seligman and Simons, ranging from 30 to 80 million dollars.
Fragmentary text appears to mention debentures and various railroad and iron company items. Specifics are unreadable due to corruption, but references include Northern Pacific Oregon & Trans and iron company debentures.
The report lists bank clearings and balances for cities including New York Boston St. Louis New Orleans and Philadelphia. It notes money rates from 4 to 7 percent and discounts on exchange to New York with varying premia and percentages.
Market watchers note a cautious session with three trades and small price moves. Gas stocks hold, coal and electric names show limited activity as investors await clearer signals and the winter supply outlook.
New York Oct 13 The stock market was quiet with some spurts in leading shares and slight gains by close. Coal stocks led the advance while Bond issues were dull, and many issues showed little activity despite heavy trading. Total sales reached 722000 with notable volume in Atchison Chicago Gas Reading Erie Louisville and Nashville and St Paul.
Frosty nights push tomatoes cucumbers cabbage and related produce to higher levels with 40 90 cent per bushel jumps. Potatoes receipts rise and markets stay steady while fruit lines show firming for grapes lemons oranges and California fruit amid improved tropical demand and general price moves.
Fragmented catalog of canned meats produce and staples with many garbled items and numbers. Reads like a historical grocery price list or inventory including corn beef sardines mackerel oats and herring with assorted measurements and brands.
A single sale on call at the Grain Exchange records receipt bulletins for numerous lots. Car loads include yellow ear corn and bran oats shorts hay and flour from Pittsburg Fort Wayne Chicago lineups with oats wheat and hay from other lines. Cereals and hay prices show firmness with slight upward tone. The day also marks the death of Thomas McMichael a senior grain tradesman with funeral arrangements to be set.
Boston notes wool demand steady with small lot sales and quiet tone. Prices listed: Ohio combing wools 38 40c, Michigan fine delaine 4 per 5 con etc. Pulled wools steady with best supers 40 45c and good 40c range. Territory wools steady 60 30 clean and fine. Austria and foreign carpet wools firm. mixed regional prices noted for Ohio Michigan Texas and Pacific states.
Bar silver in London quoted at 9 3 4d per ounce. New York dealers' price for bar silver at 71 1 2 cents per ounce.
Turpentine and rosin markets show dull steady activity in New York with prices largely unchanged. Dwellings firm for turpentine at 17 milles, spirits steady, rosin steady for good strained at 1.25 and other grades around 1.00 to 1.25. crude turpentine firm with hard at 1.00 and yellow dip near 1.14. creosote lines show firm tendencies and bids noted.
Dr R L St John of Howland Putnam county Missouri endorses Chamberlain s Cough Remedy as reliable after years of use. He says it is especially valuable for colds and as a preventive and cure for croup. The medicine is for sale by druggists with new jackets and capes advertised by Rosenbaum Co at attractive prices.
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