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Pittsburgh Dispatch in Pittsburgh, Pennsylvania

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This newspaper page contains 23 articles. Subscribers can read the full text of each article.

Newspaper

Pittsburgh Dispatch

Location

Pittsburgh, Pennsylvania, United States of America

Date

Aug 01, 1890

Page

7

Market Quiet as Wire Rods Grow Scarcer in Patare

The July 31 Iron Age reports a very quiet market with scarce wire rods amid overconfident price levels by Southern mills. Foreign billets sell in small lots while spikes and rail components hold steady. Western rail prospects are limited as freight costs rise.

Tepacial New York Northern Iron Spiegensen Ferro Phwuix Eastern Mills Western Mills Chicago To Mills Wey Shell

Falling off in figures in British iron and metal markets

New York July 31 The Iron Age reports brisk outside buying and renewed confidence in British iron and metal markets. Scotch iron warrants slipped to 55d early week then recovered as bears sold, with Hematite and Cleveland warrants showing varied moves. Copper and tin prices weakened amid speculative activity, while steel rail and billet markets show irregular pricing but steady demand in parts.

New York Iron Age Cleveland Horders Fria United Sates Limited Scotehan Steel England Barrow

Weekly Coke Trade Expands Six Day Week Operations

The coke trade reports steady price levels as operators shift from five to six day per week runs. Major firms like Fock and Southwest begin six day operations, with demand rising in Western districts and Cleveland, Chicago, and St. Louis showing strong interest. Production remains brisk, idle ovens shrink to about 2400, and shipments rise. labor unrest threatens at Rainey’s works but overall delivery stays prompt. Freight rates and regional car movements are detailed, with prices for furnace, foundry, and crushed coke listed across key markets.

Scortpale Io No More Fock Southwest Cleveland Chicago St. Louis Parrish Donbar Furnace Company Hill Farm Youngstown Frick Company Rainey Pitsburg Pittburg Pittsburg River Points Ovens Phwdute Mahoning Shenat Cincinnati Louisville Milwaukee Wis Eas Baltimoure BOSON Isebseas Veases Seoresces Salnt Furosce Foundry Weveland Buffalo Detroit St. Lois Baltimore Boston

Live Stock Markets at East Liberty Yards Report

Office of Pittsburgh Dispatch notes July 1 condition of markets at East Liberty Stock Yards. cattle receipts 320 head with no shipments to New York. hogs 8 150 head received, shipments 2 900, market slow with prime light $6 60, common heavy $3 100% dairies and steers receipts redacted. report follows from past week’s data.

Pittsburg Dmpattch Carrie—Reecelpta New York FE Dacmeter East Liberty

Chicago Livestock Receipts Show Dull Market Across Regions

Cattle receipts around 20 000 head with mixed shipments and a dull market. Beeves, steers and cows varied in price as Western and Texans quotes shift. New York and St Louis reports note dull trading and mixed receipts across cattle sheep and hogs. Cincinnati and Buffalo show quieter activity with price changes in flour wheat oats and butter.

Chicago the Drovers’ Journal Western Rangers New York West Orne ST. Louis Cincinnati Lara Lig Ifc

Sensational Crop Reports Shake Grain Markets in New York

News from New York on July 3 reports hot dry weather damaging corn crops, triggering a volatile opening in the corn pit. September corn options fluctuated sharply, with shorts attempting to cover as prices moved and trading volume reaching about 1.8 million bushels.

New York Shorts Heigher Cern

Eastward city trade expansion reshapes Pittsburgh firms

The Pittsburg business center has extended toward the East End, aided by suburban growth and real estate revival. Retailers move closer to residents, lowering costs and expanding access for everyday goods. Growth boosts street improvements, property values, and suburban development while downtown firms enlarge and migrate operations, with ongoing real estate activity and new projects across Penn, Beatty, and Blair estates.

Pittsburg Smithfield Penn Second

Pittsburg’s July Clearings Show Strong Growth in City Trade

Clearing house reports highlight Pittsburg’s July business, with bank clearings exceeding 15,000,000 above last July and 2,600,000 over April. The month’s volume signals rapid, sustained growth in local trade beyond prior year levels, underscoring the city’s improving financial condition.

Pitsburg

Exchange and Clearing Totals Across Cities Report

Market notes show New York and Boston clearings and balances for the period, with monthly totals and year-ago comparisons. Philadelphia clearings are listed, along with London bullion movements and Bank of England reserve ratio shifts. Paris and Chicago exchange figures appear in the mixed report.

New York BosTox Philadelphia Bank of England Ees Paris

New Features Scarce in Home Securities Trade

Stock traders noted scarce new features with Electric and Philadelphia stronger while trading in cider was limited. 240 shares represented two interests, 683 Electric rights at 40 expired, Electric closed around 40. 40 Switch and Signal shares traded at 40, 688 Electric rights at 40. Total New York volume reached 174,077 shares with several named rail and utility issues listed among big movers.

Electric Philadelphia Philadelphia Gas and Switch Columbia New York Atchison Delaware Lackawanna and Western Erie Louisville and Nashville Keding Aan Richbmond West Point St. Paul Union Pacific Western Union

Oil Ring Shows Slight Upturn in Trading

Oil trading yesterday showed modest gains with no heavy activity. Market sentiment was firmer than the day before, closing near the opening, within a narrow range from 88 1/2 to 89 1/4 cents. Clearances reached 54,000 barrels as most oil was delivered and September bids hovered around 9 1/4 cents.

Lima

Features of Yesterday's Oil Market Report

John M. Oakley & Co. provides daily market highlights with Piarg Petroleum figures and average charters. References to New York and London shipments, refined products, and prices. A. Bo McGrew is cited for puts and calls quotes noting market activity.

John M. Oakley & Co Piarg Petroleum New York London Bremen Bo McGrew

Petroleum steady with slight advance in New York markets

July 31 New York oil trading saw spot and August contracts firm briefly as shorts covered before expiry. August option rallied, closing at 88 1/2 cents. Stock Exchange: open 88 34 to 83 4, high 88 1/8, low 87 41, close 87 1/2 cents. Consolidated sales amounted to 214,000 barrels.

New York Patroleum O Spot Auto Shorts Stock Exchange

Gold Drop in London Dampens American Stocks

In New York on July 30 the Bank of England raised its discount rate and reported a reserve loss as £50,000 was withdrawn for export likely to South America. London and U S markets fell, with declines led by St. Paul, Louisville and Nashville, Norfolk and Western preferred and Atchison. Gold shipments for export pressured prices, while Sugar Refineries and Liver Certificates showed strength. Silver Certificates rose to 115 44, with 440 000 ounces traded. Traders expect a late-season return of merchandise exports as trade balance tempers optimism. The list closed lower across the board, with Sugar the sole advance.

New York Bank of England South America London St. Paul Louisville Nashville Norfolk and Western Preferred Atchison Lackawanna Rock Island Edison Electric Burlington Hock Island Atchleen Hocking Valley Union Fic Eee

Reorganization talk as Argentina debt looms across markets

The piece notes dull government bonds and a cautious Bank of England stockpile of gold amid reports of a crushed rebellion in Argentina and a government restoration. It discusses Buenos Aires securities, mortgage bonds, and the need to back credit with gold as creditors prepare for broad-scale reorganization. It lists stock listings from the New York Exchange and mentions several issuers and regions.

Mining Stocks in New York Quoted July 31

The official closing quotations for mining stocks list numerous casuals and prices. Notable entries include Homestake at 10.00, Eureka Consolidated 400, Ontario 41.00, Sierra Nevada 360, North Commonwealth 250, and Consolidated California and Virginia 280, among others.

New York Alice Adams Consolidated Belle Isle Bodie Caldeonia B. H Dollar Crown Point Consolidated California Mt. Diablo North Commonwealth Ontario Occidental Phosmix Arizona Sierra Nevada

Playing a Losing Game Drovers Lose Money on Demoralized Market

The drover trade has been unprofitable as an over supply of low grade stock depresses prices across markets. Only light butcher cattle 1100 to 1200 pounds hold value. most grades are dull and Chicago prices unchanged. Drovers fear exits as Western cattle arrive at a loss and shipper margins shrink.

Chicago Herr’s Island East Liberty

Gardeners fear rain drought may cause famine of crops

Neville Island gardener warns of a looming famine as prolonged dry spells threaten tomatoes cucumbers and roasting ears. He cites dry soils and last week's showers failing to reach nearby gardens as the main problem while noting ground was too wet for plowing this spring and predicts minimal market yields without rain within ten days.

Neville Island

Trade fair advances yard by Thorndyke and Swift styles

A Taareat and Dano inquiry plus actual transactions show a fair trade at the early season. Both first and second hands report gains as several Thorndyke Swift and Cordis styles were moved to a yard, marking early progress in the market.

Prices of Bar liver Lon London and New York rates

Prices of bar liver across New York and London are noted with odd figures including 0d and 11 percent. Samples of Dr Miles restorative Nervine are offered at Jos Fleming & Son's in Market Street with claims of sleep improvement and related tonic use.

New York London

Domestic Markets Report from July 31 1890

The page notes quiet poultry and eggs, light cereal receipts, and firmer flour outlook. It cites abundant berries with buckleberry in supply, falling grape prices, and steady to higher creamery butter while country butter stalls. Apples and tropical fruits show mixed activity amid hot weather. watermelons from the South lose prestige in transit.

Kilgore Hutterr—Creamery Ann Arundel New York C. Limberger Pye Harmons California

Grain Market Reports From Pittsburg and Chicago Rail Lines

At the Grain Exchange bar 2 the market shows strong demand across corn, oats, flour and millfeed with upward drift in prices. Wheat No 2 red and No 2 yellow offerings cited, corn mixed and high. Millfeed and flour hold firm with potential early advances. oats, hay, and middlings noted in rail shipments from several lines including Pittsburg Fort Wayne Chicago and Baltimore and Ohio.

Grain Exchange Pittsburg Cincinnati St. Louis Baltimore and Ohio Pitsburg and Western Pitsburg Lake Erie Gma Pennsylvania Ohio Fuevra

Market Digest of Wheat and Corn Across Major Points

Chicago trading showed mixed sentiment with strong opening, later slips amid speculative offerings. Corn remained unsettled with panicky early action, while prices fluctuated widely across exchanges including New York and Chicago. Agents noted weather in the Northwest and foreign securities affecting sentiment, with oats and flaxseed also traded amid varied demand and supply.

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