Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-01
A REVIEW OF TRADE.
Bad Weather the First Part of No.
vember and Tight Money,
THE LAST ADVERSE TO JOBBERS.
Cereals and Produce Are Now Certainly
Down to Bed Rock.
HIDES LOWER AND LEATHER QUIET
OFFICE OF PITTsBURG DISPATCH. I
SATURDAY, Nov. %, 1890.
Produce and Cereals.

Produce and Cereals.
In lines of country produce trade has
been unusually quiet since Thanksgiving.
The faith of shippers of poultry to Pitts
burg markets proved too strong this week,
and commission men have abundance LETT
over, which will prove loss. The month
OF November, of which this is the last bus
mess day, has not been very satisfactory to
jobbers in any line. The first 20 days of the
month were about as dismal as steady rains
could make thsm, ana the last 10 days. though
bright and pleasant. have been clouded by
financial storms and tight money mar
ket With depression of stocks and financial
uncertainties which prevail of late, buyers are
very naturally inclined to pursue the hand-to-
mouth policy, and hence transactions are light.
In the lines of cereals and general produce
markets have been slow and dropping for the
past week. Receipts of cereals are heavy and
sales light, with the general situation in favor
of the buyer, The stock of -four in the hands
OF Pittsburg jobbers is unusually large, proba-
bly, never larger, and while prices are main-
tanned outwardly, there is little doubt that
some dealers who arc heavily loaded are cut
ting on our quotations.
At sources OF supply flour is firmly held and
they who sell under present quotations will
hnd 1t difficult to replace stock to advantage.
All along cereal lines bottom is certainly
reached and blessed is the jobber who can hold
on a little longer. as he is certain to reap a
good harvest. In produce lines the strong
factors are potatoes and apples. Both have
shown an upward tendency the past few weeks.
and prospects are for still higher prices. There
has been no marked change in dairy prod
ucts for several weeks past. Country butter
is very poor stock and prices are only
nominal. Consumers prefer oleo to butter
that has taint of suspicion on it. Even the
best creamery butter Is quiet, and while prices
are maintained the demand has been unusually
light all this season. The prices of cheese
which ruled at the beginning of the month pre-
vail at the close. Provisions will stand for the
week to come at the same figures as prevailed
the last week. Packers are strong in the
faith that bottom price of ham and
lard has been reached. and that any
future changes must be upward. The run of
hogs, both here and Chicago. has fallen off the
past week, and prices are 25c per cwt above the
lowest point.
At the local stock yards markets this week
were the best of the season.
All offerings of cattle were promptly taken,
at an advance of l0c to 20c per cwt. over last
weeks prices. With clearing of financial
skies prospects are good for a prosperous
season to iobbers of produce and cereals.
Hides and Leather.
Buff hides are now down within Lc per ID of
the lowest price reached last spring. when they
were lower than they had been since before the
war. For a number of weeks past there has
been steady decline of about Zc each week.
Tanners and hide dealers are now paying from
411c to sc per b for buff hides and 7Lc to 53lc
for heavy steer hides, according to selection,
quality, condition and freight points. Calf
skins are holding up fairly well, but they, too
are shade lower and weaker the past few
weeks. The late decline in stocks and financial
have aggravated the depression
which already prevailed in the hide trade
Advices from Boston. which is the Eastern
center of the hide and leather trade, indicate
the same situation there as here.
Said representative of one of the leading
tanneries OF Allegheny: Light hides are now
almost to their lowest point for a generation or
more, and it looks as if bottom was hardly
reached. AS to leather trade demand is light
but we always look for quietness at this season
of the year. There is little accumulation of
stock in harness or sole leather lines and prices
remain unchanged. We look for no active
now until after the new year opens"