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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Apr 23, 1892
Page
3
The Dispatch reports little change in raw iron and steel markets with demand small and prices flat. Pig iron sales are limited to immediate delivery mixtures as major producers hold prices. Furnace output remains high, with Alabama coke and Shenandoah Mahoning valleys cited and stocks rising, signaling potential production cuts but no shutdowns.
Rogers, Brown and Merwin report no major condition change since last week. Inquiries from large and small consumers are increasing while beving movement remains small. Buyers seek long contracts, stocks are light, and deliveries run through July. Prices held steady with coke trends near cost. some sellers accept below market. Dual price signals hint at divergent views on future demand and prices. Lake Superior charcoals hold at 16 to 17 dollars with rumors of lower figures.
Cincinnati April 2 special reports Rogers Brown Co say iron influences trend downward with widespread production and few curtailments. Some buyers take advantage of cash terms while major southern firms cut prices below minimum. Ore stocks shrink and docks clear as ore miners reduce workforce. analysts expect higher rates after canal openings in May while overall demand may exceed current production.
The Hazelwood district appears in a moment of transformation with new upscale homes along Sylvan and Lyteenwood avenues, notable residents listed, and ongoing street improvements. Building permits were issued for several dwellings, and nearby Sylacauga Alabama mill company reorganized with a $150000 capital.
A dispersed trading session shows no sales at early calls and little afternoon activity. Philadelphia Gas bids to 19 after call while Birmingham Traction reaches 2.67. A few names move with minor shifts and several items trade on lighter volume, but overall market tone remains subdued with limited offerings.
New York reports April 22 shows pig iron quiet with American 14 7316 tt copper rasen bid at 1180 and asked at 11. Lead firm domestic 425 Gis. Tin strong Straits 20 7020.
A fragmented financial note lists various North American rail and utility bonds with yields around 50 to 137 percent, including Northern Pacific Northwestern lines and Union Pacific like issues. The notation covers several series and percentages, reflecting a mixed slate of debentures and railroad stock or bond instruments.
Bank clearings and balances listed for multiple cities including Baltimore New Orleans New York and St Louis. Notable figures show New York exposures with exchange premiums and New York context includes commercial entries and average money rates.
Friday April 23 reports cattle receipts 1,200 head with 1,197 shipped, no cattle to New York today. Hogs receipts 3,900 with 3,500 shipped, market slow, hogs graded, total value 400 485 dollars, 13 cars to New York. Sheep receipts 1,200 with 609 shipped, market slow and a shade lower.
Telegraph notes varying livestock movement and prices in New York Chicago Kansas City St Louis Omaha and Cincinnati with cattle hogs and sheep showing firmer or steady trends. beef and dressed options quoted per 100 pounds and per head, receipts listed for multiple regions. price ranges reflect market activity and regional demand across the period.
New York coffee options opened steady to up and down with varying bids for April and September contracts. Spot coffee remained quiet to steady while Rio cargoes in New Orleans showed ordinary to fair quality trading, with No 7 futures quoted around 13 1/4 pence.
Philadelphia reports wool demand improving while prices stay unchanged. Domestic wool trades at 3534450 pulled in Texas as AFRICAN experiences of Mrs. French Sheldon are recounted by herself in The Dispatch tomorrow.
New York trading opened dull as coalers faded and selling pressure narrowed. Export engagements appeared but were discounted with little price impact. Northern Pacific preferred fell while Louisville and Nashville and New England rose on abroad demand. Late trading held firm but listless, bonds quiet aside from Atchison incomes. total transactions around 1.65 million.
Chicago market notes show elevator men pressing to keep wheat in place, buying back May delivery wheat while receipts for No. 2 white rise at a premium. Reports say 200,000 bushels bought for immediate shipment. Corn buys lift prices. pork, lard, and futures swing with export demand. Cash grain and allied prices mixed across New York and Philadelphia markets.
The April market report shows quieter activity in country produce with butter and eggs meeting demand, poultry in short supply and firm prices, and Southern vegetables easing. Potatoes slide to near half last year's level, while groceries and canned goods remain steady and coffee and sugar stay firm.
Prices for oats, rye, barley, butter, and dairy products show varied activity with firmness in butter and flour and quiet to firm in pork and lard markets. New Orleans sugar firms while Kansas City reports mixed grain futures and minor shifts in corn and oats. overall, activity ranges from steady to quiet with occasional gains in dairy and fats.
Grain, flour and feed sales on call at the Grain Exchange include two cars middlings at 16 dollars, a five day terms 1 car No 1 timothy at 4 dollars, with 23 cars receipts as bulletined. Oats, bran and flour mixed offerings from several railroads, with hay and rye and straw movements noted. Prices show wheat and flour steady with dull millfeed and oats fairly steady, choice hay in short supply and at quotations.
Fragmentary OCR notes describe a kitchen item or product with references to patinas and tins. The readable terms suggest lard or fat rendering related details, but the text is garbled and lacks complete names, dates, or places.
At the Diamond market stalls trade remains active with prices largely unchanged from last week. Poultry is scarce and firm while butter and eggs are quiet. country imports weigh on markets. Fish trade quiet post Easter. stock levels balanced with demand. floral lines dip but stay active.
Markets show varied sentiment with several firms listing turpentine and rosin prices. Notable quotes include Wilminoron Spirits firm at Sic and Cradea ntine steady with rosin good strained at $150. Other entries show rosin dull around $145 to $150 and virgin rosin at $225 to $225, with small changes across locales.
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