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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 13, 1892
Page
3
The stock market softened amid labor unrest and money scarcity. Reading led declines with a broad drop across Industrials, while Sugar showed strength and gold exports weighed on sentiment as railroad bonds and government issues remained dull.
The market sank as visible wheat supplies rose by 2.5 million bushels, frost doubt faded for corn, and hog receipts stayed heavy. Wheat fell about 40 cents from Saturday, corn 4 cents, provisions 5 74 cents, with selling driven by bearish Crop and weather reports and late selling by large houses.
General markets show large wheat, corn, and oats activity with receipts of 617,000 bushels and futures near steady. No. 2 red and No. 2 Chicago futures hover around 7 3/4 cents, while spot prices stay firm for rice and corn amid steady to easier trading. western stocks and visible supplies influence closing levels.
Westinghouse Airbrake and Duquesne Traction led gains while Philadelphia Company and Westinghouse Electric weakened in sympathy with eastern markets. Reports mention cholera scare unfounded, strong demand for Duquesne Traction, and tests favoring Westinghouse Brake over New York Brake Company.
The report shows no change in local conditions with discount rates steady around 5.6 percent. External markets have yet to loosen the discrimination signaling a tighter market. Exchange and currency in several cities show par or modest premiums, with bank clearings and balances noted across New York, Boston, New Orleans, Cincinnati, and St Louis.
Bar silver in New York on September 12 touched London prices with London dealers quoting a per ounce rate. Market activity centered on London metal values as silver prices aligned with global benchmarks.
The report lists commodity prices and securities from Lompos and London on Sept 12 including silver at S844 per ounce, three percent rentes at £75, and sugar, linseed cake, and whale oil values. It also shows stock quotes for New York and Boston exchanges, with notes on discount rates, railroad and utility shares, and electric stocks.
Maszil Coffer reports week receipts for coffee with 2,000 purchases for United States totaling 31,000 tons across 19,000 bags and 1,400 Falas. Cotton in Galvester shows steady prices with 6,656 bales received and 40,400 bales stock. exports coastwide include 42 bales and demand for speciation and export. American futures closed easy.
fragmented note lists commodity prices including copper lead and straight contracts with values around 20.20 to 20.40. mentions New Years and Sept 12 and American pig iron terms. not enough coherent context or entities to confirm a full news item.
Grain and flour markets show quiet to steady tone across Milwaukee and Baltimore. Receipts involve 4100 barrels of flour and 4000 bushels of wheat while shipments list 2000 barrels of flour and 35000 bushels of wheat. prices note No 2 hard old and new wheat, mixed and white corn, and steady provisions with mess at 1350 to 1400.
Another large sale of 12 acres in Wilkinsburg and Wilkins Township closed with John Wesley buying from Jacob Weinman. Six acres lie in Wilkinsburg, six in Wilkins Township, adjoining Clark and Wesley plan No 1, to be laid out as Clark and Wesley plan No 2 with seven lots. Price $30,000, $2,500 per acre, pledging street grading sidewalks and water system. Frankfort Springs sale follows as George Johnson buys control of the famed resort for expansion into a 125 room hotel and stock company of $150,000. A separate deal for seven acres in the East End fetches $30,000, while another tract seeks a driving park and stock farm. Local brokers Morris & Alspitt report strong inquiries and new warehouse site interest. Paving on Stratford avenues is planned and permits issued for multiple dwellings and a slaughterhouse addition.
The Elgin Butter Board kept quotations unchanged, signaling no weekly price change as exports paused due to quarantine restrictions. Cheese prices edged up while sugar advanced late, fueled by New York buyers. analysts expect refined sugar prices to rise tomorrow despite optimistic notes from the American Sugar Refining Company about profits and stock levels.
A dense catalog of groceries and prices appears, listing eggs bread meats canned goods and fruits by weight and unit. Regions include California Oregon and Louisiana with items such as peaches corn prunes cherries and mackerel reflecting a local market flyer tone.
Market reports show light supplies and weak demand for dairy and produce, with cranberries and quinces held high. Hog and sheep futures rise modestly while cattle and egg markets vary, receipts numerous at East Liberty and Wheatley yards.
An ad urges readers to take Hostetter's Stomach Bitters to strengthen frail bodies and nerves. It claims the tonic renews vitality, aids liver and stomach health, and calms tremulous nerves amid a fast modern pace.
Turpentine firm quoted at 28febid rosin firm at L QL 1S. Prices named for crude turpentine steady at 1.00 with yellow dip and virgin at 1.62. Tar steady at 1.00. Market notes reference tax and production context in Sept. 12 report from Bavanxaz GA.
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