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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 05, 1892
Page
7
The week saw growing trade with large mail orders and strong agency canvases. Grain and flour prices drift lower while molasses, rents, and poultry show firmness. cholera worries surface but limitedly affect outlook. collections hold steady except where strikes persist.
Prime reports higher temperatures finally soothed frost worries. Wheat stocks remain two thirds in southern Minnesota Dakota Iowa Nebraska with little thrashing. Yields around 73 percent of last year and overall quality weaker than No 1 grade. prices likely below 8 cents at stations as farmers rush to seedings. Cranberry crop in Philadelphia association notes larger crop than earlier years, but New Jersey growers face a sharp decline. European hay Shortage in Europe. U.S. hay crop large while grain quality shifts toward poorer stocks.
Willett and Grey report cash quotations for Muscovado and granulated sugar with weekly receipts at 224 tons meltings 40 000 tons and total stock in four parts 15 09 tons versus ISAS last year. Causes include tiny available supply and possible quarantine delays in Europe stalling deliveries, with New York and importers drawing on European stocks. Prices rise on beet sugar movements and anticipated further gains if ships face quarantine delays.
The Yerar Live Lock and Farm Journal notes cattle shipments to Chicago may reach 400 per day, with Texans to Indian Territory and a short corn belt, signaling a weak near term market. It predicts limited improvement until after the current season, advising breeders to prepare for next season to profit.
The weekly Grain and Flour Exchange tally lists totals for 46 cars across categories including timothy hay oats bran wheat and flour. Receipts show 22 flour 25 shelled corn 8 car corn 17 milled feed and 46 cars in total for the period ending September Friday.
A dense, fragmentary price sheet from a food and commodity market lists numerous items. It mentions hay and straw, various flours, syrups, canned goods, peaches, prunes, cherries, corn products, meats, and dairy items with assorted weights and prices. The text also references butter, cheese, eggs, poultry, fish, and hides with scattered figures.
News of a cholera ship arrival and weak cables sparked opening jitters at the Board of Trade. Traders brushed off further decline as wheat values steadied and contracts were covered before Labor Day holiday. Reports of cholera cases in Baltimore prompted a late selling stampede.
An August end to the week shows strong tonnage in Cincinnati iron sales with broad demand across grades. Prices remain stubbornly flat, but continued inquiries in September could spur price gains as surplus stocks shrink and finished iron demand strengthens. Charcoal iron stays steady as stocks fall. Cholera fears cause some caution, yet overall trade revival persists and money remains ample for legitimate business.
A scattered market report describes December wheat steady then weak and corn sliding to multi year lows, with sharp declines on cholera fears. Hog prices rise on delayed receipts but fall with grain losses. pork and ribs show net weakness while cash butter eggs and receipts data appear amid a cautious, fluctuating trading day.
The market collapsed as cholera news spooked traders. Wheat futures swung from 73 1/4 to 7 1/2 cents with cash grain weak across Minneapolis St Louis and Milwaukee notes. Receipts and on track prices varied while futures and cash markets showed uncertainty ahead of board reopenings.
Advertisement notes Carter's Little Liver Pills marketed for sick headache relief. Mentions liver pills by name and references to cure or remedy within a period style ad. Includes fragmentary branding terms and product mentions typical of old newspaper inserts.
Week’s end market activity shows $294 shares and $30 bonds traded. Weakness centered on East linked issues like Westinghouse Electric and Philadelphia Company with rallies from lows in some rail trusts. Government quarantine steps restored confidence, suggesting cool heads and buying on breaks for patient investors.
Reports from New York Pittsburg and other cities indicate money on call easy and bank clearings rising modestly. Rates for mercantile paper and Sterling exchange hold firm with substantial weekly specie movements and varied balances across major centers.
Traders backed by dealers led gains in Reading and sugar stocks amid unsettled toll debates between Reading and the Pennsylvania Railroads. Cholera fears faded as new port cases did not spark worry, and some specialties posted notable gains while others lagged.
The table lists active stock prices corrected daily for the Kirrssune Distance by Whitner and company, Boston? Pittsburg members of the New York Stock Exchange, located at 67 Fourth Avenue.
Cattle and sheep dull while hogs remain active across major markets. East Liberty and Chicago report varied receipts and shipments with prices cited for different classes. St Louis and Cincinnati show firm cattle and mixed hog values, with sheep generally steady to higher in some centers.
Chicago writers Rogers Brown and Merwin report no change since last week as small orders stay the main market feature. Some large inquiries appear, with early shipments offered at concessions for coke iron. Buyers expect no near term price rise, while production cuts and continued consumption may shift conditions sooner than expected.
Rogers Brown & Co reports signs of improvement in the pig iron market with higher volumes and rising prices. Buyers accept options, and many believe the bottom is reached. The cholera scare might only momentarily slow business, and with the season advanced, serious damage is unlikely.
Cotton markets trade through September with mixed quotes and small activity. New Orleans reports low middling at 6 cents, receipts of 2,455 bales and exports of 1,551 bales. Liverpool notes dull demand with futures barely steady and 500 bales for speculation and export.
A divice note urges Pittsburg readers to protect nervous energy as students return from summer trips. Principal L. L. Camp of Dwight School New Haven endorses Paine's Celery Compound for maintaining health and vitality, not from illness but as a preventive helper of nature.
New Year, Sept 8 reports a steady Drygoods Market with strong demand and larger than expected fall in print cloths. Colored cottons rise in most cases while shipments stay active. The coming week is expected to show continued selling with jobbers, subject to holiday effects.
The text recalls Old Titus writing Rome's history and notes how Carlsbad Springs would reach America, where Sprudel Salt is sold in drug stores. It highlights their use for stomach, constipation, liver, and kidney issues and mentions Eisner & Mendelson Co. as sole agents.
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