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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Apr 18, 1891
Page
3
The weekly market overview notes little new activity with a waiting mood ahead of coke strike outcomes. Pig iron stocks shrank from March to April and furnaces may restart if prices justify, while coke and ore negotiations loom over Northern markets and Bessemer, gray forge, and scrap prices fluctuate.
In Birmingham on April 17 trade in iron shows prices hovering near 12 per unit with little movement. Furnaces operate despite limited orders, while producers report steady demand and ongoing work on active furnaces. Rumors of new developments include a De Bardieben Coal and Iron Co furnace at Bessemer and a Kansas interest in renewed Alabama mining efforts.
Greenville to New Orleans trade shows Pennsylvania coal demand and a 250 mile rail haul. Prices drop to beat Pittsburgh competition as the industry remains young. Mr T T Hill Siman visits New York to propose $100,000 cash for land stock in the Lexpessen Coal Iron and Railroad firm, with acceptance likely.
A special dispatch from Philadelphia notes modest improvement in the iron market after November’s panic. Prices stay largely steady with little movement. buyers hold back while sellers refrain from concessions. Structural material shows improvement. steam rails rise, and mills report urged orders.
Rogers Brown and Meacham report a subdued week with few sales and low prices. Iron consumption is lighter than last year while firms list prices for various coal and charcoal products including Southern Coke and Missouri Charcoal amid weak trading signals.
A Chicago telegram reports several round lots of Lake Superior charcoals totaling 6000 to 6100 tons segregated but unverified. Consumers say prices near 17 dollars or slightly under have been paid, with furnaces selling to reduce heavy stocks. Other brands hold for higher figures while near coke brands show size transactions. southern coke demand remains light as foundries forecast slow work ahead.
New York markets report pig iron dull copper stagnant pearl lead steady at 425 dollars. Tin weak but more active quotes around 2190 dollars. Domestic metals show uneven demand with sparing activity in some alloys and steadier pricing in others.
Philadelphia and Boston report dull to moderate activity with prices steady to firm for various samples. New York and Midwest wool prices vary by grade. pulled wools remain steady while Australian and foreign carpet wools show good to fair demand amid cautious buyers.
Utah era real estate clerk notes a Mt Washington boom revival driven by better locomotion and new streets paving while a Birmingham line study eyed a link at Smithfield street bridge. Market activity shifts from speculative prices to owner-occupied homes with demand for four and five room houses and several major land sales and new building permits across the city.
The Cash Article notes light activity in May with no cash oil business. A single bid of 60.5 cents was offered but not accepted. A 1,000 barrel May oil lot sold at 70.5 cents, with shorts covering causing a brief advance before weakening. Refloods market steady. averages show 76,110 daily runs, 62,045 shipments, and 21,407 charters.
Bradford April reports National Transit certificates opening and closing at specific highs and lows with 408000 barrels clearance and 150000 barrels sales. New York April 17 notes Petroleum market opened to liquidate mail account with traders bidding after liquidation.
Local stock activity opened buoyant on New York and London news but turned bearish by day’s end. Electric, Philadelphia Gas, and Allegheny County Electric Light showed weakness with limited support, while Hidalgo and Citizens' Traction retained some buyers amid a broad market slump.
All recent changes in conditions move in the right direction as bankers report steady fund accumulation with no loan pressure. Demand for currency remains a concern for merchants and payrolls, while New York money on call stays easy at 4 to 1/2 percent. Sterling exchange holds steady around 4 7/8 for 60 day bills.
Active issues show little movement with Texas Pacific and other inactive bends holding steady. Big Sandy rises 2 percent to 90 while overall business reaches 1,158,000 dollars. The following NYSE table lists yesterday's active stock prices, corrected daily by Whitney & Stepenson, Pitnebarg members of the New York Stock Exchange.
Philadelphia stocks and brokerage mentions include Whitney and Stephenson and various exchange names. References to New York Stock Exchange activity and Northern Pacific common and preferred shares appear among brief market notes.
Mining quotations list prices for Alice Deadwood T Eureka Consolidated Homestake Horn Sil ls Ontario Plymouth Standard and others with figures noted for each. The brief snapshot shows varied values across several mining issues trading in New York.
May 15. Reports show mixed cattle and hog movements across Omaha New York Chicago Cincinnati St. Louis Buffalo Kansas City and Indianapolis with receipts ranging from 400 to 14 000 head. Prices vary by grade with firm or higher tendencies in many regions and varied calf sheep and hog values noted.
A damaged OCR fragment lists railroad names and stock style codes including Northern Pacific Central Pacific Union Pacific and Missouri. It mentions western routes, stamps, and a range of percentage figures and abbreviations, but no clear event or outcome. The readable content resembles a stock or timetable snippet rather than a cohesive news item.
The report lists city bank clearings totals, balances, and money rates. New York exchange shows premiums and discounts, with varied percentages for loans and bills across multiple cities including St Louis Boston Baltimore New Orleans Cincinnati and more.
New York stocks opened confident on a firm tone despite bad news. Active issues such as St Paul Atchison and Burlington stayed near opening prices amid mixed demand from the West and some profit taking by weak holders. Wheeling and Lake Erie rose 1 percent on light volume. Cordage Rock Island and Burlington advanced, while rail stocks showed little change.
Charleston and New York dispatches record firm rosin prices with steady or dull spirits of turpentine. Rosin varying around 134 to 156 dollars per barrel, strained grades at 2734 and 135. Crude turpentine firm with values near 140, yellow dip 2, virgin 223.
The Mand of retanlers won the feature in the local desgecus trade as market activity showed improvement. Fine weather supported steady gains with better outlook for jobbers. prices remain soft amid expected revisions in buyers favor and lower cotton group commissions.
Domestic markets report creamery butter weaker while country rolls are in abundant supply and prices fall. New vegetables arrive freely with improved quality. tropical fruits like lemons and oranges rise in price. Coffee and sugar remain firm as nuts, canned goods, and other groceries show active movement and steady demand.
Grain Exchange notes sales of 57 cars with 18 from Pittsburg Cincinnati and St Louis lines including bran corn oats hay and flour. Pittsburg Fr Wayne and Chicago moved oats middlings rye barley and hay. Baltimore and Ohio contributed corn and middlings, plus Hay and Flour from other lines. Cereal markets remain firm with prices trending higher and hay and Molt feed firm. carload ore prices listed and oats rye and other grains noted with varied quality levels.
Chicago reports a volatile wheat day with May options up 5 8 cents and July 2 cents from yesterday as traders reacted to Paris and Berlin hints of duty removals. Prices swing from 1 08 1 12 per bushel with heavy selling by longs and sharp moves in corn and pork futures.
The notes describe eggs and country butter falling in price while garden produce improves amid warmer weather boosting trade. Diamond market stalls list best quality meats fish vegetables and fruits with varied price changes and rising livestock prices noted.
London bar silver 443 grains per ounce while New York dealers report 971 and a fraction cents per gram. Gold value of silver in standard dollars stands at $0.752 per ounce as of the telegram from New York dated April 17.
A Whisky sector project led by Cc Ma go-Whisky has been advanced to Beckers Financial for potential funding and evaluation. Details indicate continued progression through preliminary assessments and inquiry into financial viability and strategic alignment with Beckers Financial policies.
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