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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 28, 1892
Page
3
The New York market closes irregular with rail stock activity, Lackawanna down 1 percent while Reading and Missouri Pacific show gains. News on New England and London market expectations affects overall sentiment as grain and bond sections mix with cautious trading.
Chicago markets showed a seesaw day with wheat and corn finishing strong on heavy export demand and poor Iowa crop report causing corn to rally. oats and provisions ended weaker. The session opened soft with outside buying but trimmed gains as concerns about supplies and freight flows persisted.
New York market notes show exports and sales for corn, oats, barley and wheat amid steady to active trading. Futures and spot prices shift with export demand and weather, with No. 2 red wheat, No. 1 Northern and Chicago Milwaukee prices quoted, along with prices for oats, rice, sugar and coffee futures and notes on port activity and elevator receipts.
Local and general financial news describe fair trading with a dull market ahead of quarterly settlements. Notable movements touch P. & E. traction Westinghouse Electric and Philadelphia Company while gas and rail holdings show varied activity. Monongahela and West Virginia Central issues draw attention amid speculative chatter on court decisions and future dividends.
Banking centers report mixed demand with money easy at times and call loans around 5 to 6 percent. Clearing figures vary by city with New York, Boston, Philadelphia noting solid clearings and stable exchange rates while money rates range 4 to 6 percent across districts.
Foreign financial notes list Sept 27 figures for rentes at 3 percent and related centimes, together with U S and Canadian securities like Canadian Pacific at 80 and Erie at 26 3 4, Illinois Central at 113, New York Central at 1 and Pennsylvania at 30 4 4. Discount rates show open market short bills at .75 percent and three months bills at 1 percent.
Closing quotations of electric stocks from Boston and Philadelphia markets list several company prices. Notable entries include Western Electric, Port Wayne Electric, Fort Wayne Electric, Thomson Houston, Boston & Albany, Lake Copper and Bell Telephone with varying bids and asks.
Squirrel Hill real estate shows activity with Thomas Whitman’s Forbes street tract selling for $30,000 to W J A Kennedy and plans to subdivide six acres into lots with dwellings restricted. The Gross estate property of about 49 acres in the Twentieth ward returns to market after title dispute resolved by the Supreme Court.
Fragmented OCR text shows supermarket item listings, fruit and vegetable prices, dairy and eggs notes, and wool market quotations. Names and places are partially legible, including Philadelphia Pennsylvania and Wisconsin, with various prices and product descriptions scattered throughout.
Corn prices ease while cheese and vegetables firm via liberal wholesale activity. Eggs and poultry gain demand as markets stay steady. beets for a Leavenworth refinery prompt high prices. Beef and pork cuts hold, with short rib sides drawing attention amid profit gains in trade.
The report notes varied crop conditions: Pennsylvania reports winter wheat looking well with poor potatoes and apples. Georgia reports rotting cotton bolls but strong rice and corn prospects. Louisiana cotton improved with large yields in cane. Arkansas harvesting picks up with large winter wheat acreage. Kentucky tobacco cutting progresses with corn maturing. Illinois frost in three counties. Indiana wheat seeding nearly finished with rapid ripening. Ohio reports wheat progressing and corn nearing threshing. Nebraska corn crop strong. Minnesota weather favorable for corn haying and threshing, fall plow seeding hindered.
An OCR fragment mentions Little Liver Pills and references sick headache cures. The lines reference “SICK HEADACHE cysters” and “carvers Lite Liver Pils” as product names, indicating a historic patent medicine context without coherent narrative.
Receipts show cattle and hogs moving unevenly with slow demand in East Sinesto and New York. Cattle and hog shipments run high in Chicago and Texas markets, while calves and sheep yield mixed prices. demand dull to moderate with flat to softer tone compared to prior days.
New York metal prices show pig iron steady at 1200 to 1230, copper quiet at 10.45 to 11.03, and lead steady around 6. The New Orleans market notes cotton prices steady with mid and low middling around 7 cents and receipts totaling 3901 bales with 1800 bales sold coastwise.
A roundup covers outbreaks, university race relations, German relations strain, Indiana oil gasser near Portland, Brig Gen Carr to command fair troops, Leboon monument struck by lightning, Mount Washington wind 100 mph, Deltman arrested in Nashville, Lt Peary to study at Academy of Sciences, Bernard expelled in Germany for tri color, locomotive crash near Coalburg fatal engineer and three injured, San Francisco Chinamen register under Geary act, late estate of G Williamam to probate about 70, telegraph operators strike continues, London comments on Cleveland’s acceptance, bogus check arrest in New Orleans, Benton Michigan cholera scare, San Francisco tariff suit win, prankster electrocuted Mr Vincent dead, fire at Washington Stucker home injures two children, McClemens Lake Clair capsizes rescue, Bologna bombings linked to anarchists.
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