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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Oct 31, 1891
Page
3
The week shows no improvement in iron and steel trade with prices at very low levels. Demand remains uncertain as some dealers hold out for better figures while others accept present terms for current and future deliveries.
A Pittsburgh district report notes mixed signals in coke demand with a slight weekly shipment rise to 6 067 cars for the week ending Oct 4 while overall demand remains weak. Traders expect Connellsville coke prices to hold or rise as contracts ending in January and February reframe purchases.
In Dipmi Iron area Ohio, a buoyant market with price stiffening and higher bids. Orders are free and furnaces well warmed. Freight and car shortages ease, with No 1 foundry at 1260, No 2 at 1175, No 3 at 1075 and forge at 10. Prospects for early resume improve as iron ore makers show better equity. Chicago buying in carcases noted.
Moderate buying marks the Chicago market with several sixe deals closed but small lots still dominate business. Prices on take and for Northern and Southern trades remain unchanged. conditions from last week persist. Lake Superior charges show little improvement with some inquiries for round lots. Major brands remain unavailable below set levels and consumption shows health, while business in most lines stays strong.
Rogers, Trown & Co report fair weekly volume in Cincinnati trades with no standout activity. Limited inquiry for Southern trans and immediate deliveries, prices below next year’s first six months. Some year deliveries sold, but most business shifts to next year. Market opinions split on near term gains as conditions stay healthy and liquidity ample.
A market overview from St Louis notes strong activity in the stove foundries with many small orders at fall prices. Charcoal and onion softeners show better demand while prices remain steady. Listings include various coke types and regional suppliers with no price changes.
Rogers Brown and Co report Philadelphia market remains fairly active with iron stocks sold to buyers along the Delaware seeking water delivery. Interior Stace area sees business delayed for next year's delivery at current prices as furnaces prefer to wait, hoping prices improve.
text describes muted activity in October markets with weak closing prices for pork and tin, irregular copy and dull conditions in lead and domestic goods, noting prices around 11.64 for pigs in the Lake Straits area and similar patterns affecting trade across regions.
Orricx of Putrencag Dispatch reports mixed cattle hogs and sheep futures across markets. Receipts vary by city with slow or steady demand and prices noted for natives Texans and western stockers. New York and Chicago show mixed trends with meat prices steady to weak.
New York coffee options opened steady then slipped up to ten points before closing firm. Prices in futures for November December January February and March show varied directions. Spot Rio beans firm with No 7 Quotations. New Orleans and Rio markets report firmer to lower conditions.
The Dalzell property at Fourth and Penn changes hands with Mrs. Hirst paying 60,000 dollars for the site, expanding her local holdings. George Thomas buys a North Avenue lot for 96,000 to build a four story apartment house, addressing a housing shortage. The Cleveland and Pittsburgh Railroad proposes a 10 million mortgage to refinance bonds and reduce interest, with plans to exchange for 4 percent bonds. Building permits issued include the Times building estimated at 250,000 dollars. Other notes cover electric road investments, real estate deals, and new factories in Mendelssohn and Middle Town, reflecting an active Pittsburgh market.
After a successful stock auction yesterday, buy orders were scarce with only 6 shares traded across three calls. Third National Bank rose to 125, Philadelphia Gas held steady, Wheeling gained slightly, Luster weakened on mine news, and traders expect no improvement until after the election.
The bearer market shows continued pressure with Delaware and Hudson dropping 4 percent and coal shares under heavy selling. Railroad bonds stay active while readings show little notable movement outside sugar and grangers. total stock sales reach 1,434,000 with Reading bonds aiding a firmer late session.
New York stock desk reports ore and mining shares with quotes for Adams Consolidated Belcher Crown Point Consolidated California and Virginia Momestake Horn Silver Tron Silver Mexican Ontario Plymouth Sierra Nevada Standard Yellow Jacket with prices listed in cents or dollars.
Banking notes show firmer loan demand with heavier lines and ample funds. Call loans better, rates near inside figures, clears at 2 096 817 23, balances 4 571 20, London rate outlook uncertain, New York money easy 3 to 4 percent, sterling stable.
The page outlines a jumble of securities and debentures from various prominent firms and rail lines such as Northern Pacific, Louisiana State, Texas Pacific, Union Pacific, and others. It notes priority on debentures and percent yields, with references to the Chicago, Milwaukee, St. Paul line and Canada Pacific connections, reflecting a broad market snapshot with prices and percentages scattered.
Bank clearings and balances are listed for New York Boston St Louis Chicago and other locations with figures for money rates and discounts. Various exchange rates show discounts on New York transactions and notable percentages for money and bank operations across cities.
Prices rise on ripe tomatoes and other staples while market trade remains dull. Grapes and potatoes drop to historic lows. fish and poultry demand weakens. meat and vegetables show mixed shifts with notable increases for some cuts and a broad range of per unit prices across items.
New York Wool steady with domestic fleece activity and mixed receipts in St Louis. Philadelphia and Ohio to West Virginia wools show steady prices with varied grades. Montana, Texas, and Western wools dull with limited big buys. Australian and foreign wools firm or steady. weekly sales total about 2.8 million pounds. One-night stand remark appears at end referencing a theater notice.
Market report notes no creamery butter shortage now, demand down after peak prices. New York and Michigan pricing cited, fruits and nuts listed, potatoes, poultry and dairy items abundant with varied quotes.
An OCR segment lists extensive prices for sugars oils spices and canned goods, including coffee, cocoa, molasses, candles, rice, starch, dried fruits, nuts, and seafood. It notes varying grades and pack sizes, with references to shipments and wholesale terms across broad catalog lines.
Grain Exchange reports mixed activity with shell corn and oats moving at varied prices. Receipts include 10 oats cars 11 corn cars and 1 hay car from Pittsburg Cincinnati and St Louis Railway and combinations with Pittsburg Lake Erie and Western lines. Rye demand noted with advancing quotations. wheat and new corn quiet. choice hay in demand for carload rates.
The Chicago market opened strong but closed mixed with a broad decline in corn and provisions. Wheat fell, selling pressure increased, and early gains faded. corn and oats showed weakness while pork and lard declined late. Paris and other U S markets reflected softening prices across grains and fats with limited support from shorts.
The report shows October and cash bids for oats and oats values mixed with futures activity. Prices around No 3 cash October and No 2 cash October are noted with varying bids. Wheat futures hold at 1840 with firm edges and December grain terms. Oats and rye show limited movement while rye cash and eastern bids edge higher.
Wholesale milk will cost 23 cents per gallon for two months after November 1 in Pittsburgh. Dairymen and retailers raise prices due to scarcity, higher feed costs, and poor pasture. City buyers pay higher per quart and pint. Homestead retailers list increased daily sale prices.
A chaotic Australia in brief with claims of a widespread grip in Melbourne, a mobbed beauty show, a London toasting about Benbow fortifications, a Grampus whaler incident resolved, political papal expectations, a rail collision near Tramway Wisconsin with 26 cattle killed, theater stone ceremony, Orin Turril’s dynamite tongue incident, Choctaw child tragedy, Jackson prison escapes, British gunboat practice sinking two fishing smacks, and the Hamilton Lewis crew captured and sent to Windivestock with Russians maneuvering three times.
Transactions in dry foods showed firmer sentiment with steady staple cottons and better outlook for rinsed wants. Prices remained firm with some weakness in limited spots while woolen dress and blankets saw modest price gains.
Ad copy for Carter's Little Liver Pills promotes relief from sick headache and indigestion. It markets the product as helpful for liver and abdominal discomfort, urging readers to try the remedy.
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