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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Apr 03, 1891
Page
7
The Iron Age dispatches a bleaker view of iron and steel where sellers largely restrain offerings. Founders cover only early needs, while demand remains depressed across pig iron, ferro manganese, rails, and ship plate with limited buyers and unsettled futures in major markets.
A New York telegraph from the Iron Age reports little interest in foreign metal markets on April 2. Lauisen pig iron warrants trade runs on a limited scale while Easter holidays slow operations. Prices are low but warrant supply is ample as Scotch furnaces expand, and poor business drives wage cuts and dampened furnaces in Cleveland and other centers.
Domestic iron and tin markets show quiet activity with steady prices. American buyers report moderate demand for pig iron at around $32 per ton and tin at about $20 per unit, while overall trade remains stable with limited movement.
In New York amid gloomy weather the drygoods market shows little activity. A small line of six Nottinghams was stolen for only pennies while some large Mac products continued to operate in previews.
Markets show strong demand for cash wheat amid Europe and London price gains. Corn holds firmer with wheat as weather concerns and short covering push May futures up, while domestic and foreign factors keep prices volatile and trading brisk in spots.
In Savannah on April 2 turpentine firms show price firmness with gab between Be. Hosin firm at £449135 and crude turpentine steady near $140. Wilmington notes genuine steadiness with prices around $130 for turpentine and $145 for tar while yellow turpentine sells at $225. Virginia reports crude turpentine at $140 and green prices.
In Chicago Cacao April Judge Altgeld allows Mary F. Williams to sue Aaron Williams for $22,000 damages over alleged slander. The court overruled a demurrer, stating it monstrous that a husband could injure his wife yet avoid civil liability.
The Vosische Zeitung reports U S pork and bacon inspection laws may form the basis for renewed negotiations to end Germany's import prohibition on American pork. Also an advertisement notes Dr Miles' Restorative Nervine at Jos Fleming & Son's Market Street offering relief for headaches nervousness and sleeplessness.
A 19th century analysis urges moving older downtown structures to modern warehouses and stores as Pittsburgh expands. Suburbs Braddock, Sewickley, Millvale, and Shadyside rise with rail, rapid transit, and rising lot prices. The piece notes shifting commercial demand, ongoing building permits, and the need for upscaling to secure Pittsburgh’s rank among great American cities.
The oil pit shows the longest stagnation on record with no trades on the local board this week. Prices were nominal with Tac opening and low, an east-led advance to 7ilge, and a proposal to withdraw from the exchange conference to alter trading terms toward delivered tomorrow. A meeting date was set to discuss the issue but failed for lack of a quorum.
Trading on the New York exchange shows tame activity with total shares at 142,015. Westinghouse Electric and Philadelphia Gas hold steady while Switch and Signal rise on news of favorable directory settlement. Local orders kept some momentum despite overall depression.
General trade shows limited demand and easy money yesterday with rates at 7 percent on all loan classes. Outside banks a small amount of good paper traded around 5 percent, while clearing house data reported solid volume and a balance of 387 444 94. U.S. and city securities mixed with several issues cited, including Northern Pacific, Missouri issues, and Western exchanges, all reflecting subdued activity and cautious sentiment.
New York clearings total 115 827 930 with balances 5 520 869. Philadelphia 14 961 114 clearings with 1 084 200 balances. Chicago and Cincinnati show varied figures with New York exchange at discounts and 6 percent money rates noted. St Louis totals 5 568 146 with 67 percent money and minor premiums on New York.
The New York market showed no new developments and remained listless with few gains among a handful of issues. Sugar and Manhattan led a small rally while St Paul Rock Island and Burlington fell about one percent, overall trading was dull with prices near day’s lows. Sugar advanced about two and a half percent, with railroad bonds showing no clear direction as $215,000 of shares traded.
Stock quotations from Philadelphia and New York markets supplied by Whitney and Stephenson brokers list Lehigh Navigation Northern Pacific and Northern Pacific preferred among items. The brief notes closing prices and notable listings for investors.
A list of mining stock quotes from New York on April 2 shows prices for Alice 150 Adams Consolidated 189 Gould and Curry 325 Home stake 850 Horn Silver 290 Mexican 30% Ontario 3800 Plymouth 180 Savage 280 Sierra Nevada 30 Standard 120 Yellow Jacket 200. The compact report records per-share values and percent stake for several companies.
Office of FPittsburgh Dispatch reports for April 2 cattle receipts 610 head shipments 46 head market steady at unchanged prices. Hogs receipts 2200 head shipments 1500 head market excited best Yorkers and mixed 5.15 to 5.62. Sheep receipts 500 head shipments 600 head market slow at unchanged prices. Week ending April 1 receipts listed.
Omaha receipts 1800 cattle slow to mixed. best steers steady, cows weak, hogs active with some weights firm. Chicago reports 13000 cattle slow, 22000 hogs active, lambs and calves mixed. Cincinnati and St Louis show varied cattle and hog trends, Buffalo and Kansas City note steady to weaker tendencies amid shipments.
Patents were granted to inventors across Western Pennsylvania, eastern Ohio, and West Virginia for the week ending March 30. Recipients include Henry Aiken Pittbsurg rolling mill. Israel Bushong New Holland fishing tackle. James Davenny Greensville ribbon clasp. and Scott Stewart Rivesville grain cleaner, among others.
The Scotia arrived from Cincinnati with beer and will depart back tomorrow evening at 4. The C. W. Batchelor arrived last night and will leave tomorrow. The H. K. Bedford came from Parkersburg and heads to Wheeling tomorrow evening at 4. The W. F. Allen departed yesterday noon for Parkersburg. River level stood 15 feet 8 inches yesterday evening.
A vintage jingle notes a mother’s use of Castoria from babyhood to motherhood. The ad emphasizes trust as a caregiver for children and echoes a long standing brand presence.
The report notes active demand and firm prices for seed potatoes onions and eggs with potatoes and maple syrup in plentiful supply. Dressed poultry remains scarce and costly while butter rises and cheese factories shift to butter. Coffee sugar and canned goods see mixed activity across regions and grains gain momentum.
No sales on call at the Grain Ex change today with receipts 26 cars. By Pittsburg Ft Wayne and Chicago Railway 4 oats 2 hay 1 flour. by Pitt burg Cincinnati and St Louis 6 oats. by Pittsburg and Lake Erie 2 rye 2 wheat 1 hay. by Pittsburg and Western 1 hay. Cereal markets show strength though prices unchanged. wheat and flour firm. hay rising with bids and sales. Prices for carloads vary with mixed quality and bids. lifting uncertainty continues.
A detailed list of sugar cured hams and bacon in various sizes with prices. Includes California hams, dried beef flats and rounds, dried beef sets, shoulders, boneless shoulders, bacon, salt, lard refined, sausage, fresh pork links, and smoked items with unit prices and packaging notes.
The report notes coffee option activity in New York with prices listed for May to December and several steady or mixed quotes. Trade shows 2,730 bags moved with some months at 17.90 to 18.55 cents per pound and others lower, amid a fair cargo market.
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