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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Aug 29, 1890
Page
7
Prices across the ocean show advances in many metal lines while steel rails activity wanes. The Iron Age note lists firm to rising quotes for pig iron, foundry stock, and copper lead, with weaker or steady movements for steel blooms, old rails, and scrap iron amid a cautious market.
Coke shipments increased slightly but price gains remain muted due to car shortages. Plants report significant coke accumulation while labor steady and ovens under construction or idle. Regions serving Pittsburgh area show uneven supply with western deliveries at 4000 cars and eastern points far lower.
Foreign metal markets show persistent gains in pig iron and hematites with warrants rising and prompt sales brisk. Scotch and Cleveland prices advance while bear positions buy back, shortages keep futures sensitive. copper and bleck tin also see firm demand and tight supplies influence.
In New Yorkton New York copper and tin trading details emerge with small domestic activity. The copper market shows steady tone while the tin firm straits price stands at $22 per unit and a 724 gram mount is noted.
Cargo flows and deckhand shortages mark River activity as freight boats crowd the Pittsburg wharf. Arrivals include Princes and Germania with coal, while the Dauntless, James A Blackmore, and others haul 100000 bushels. Coal prices tumble in Cincinnati as river traffic anticipates a prolonged water season.
About 1700 coal miners strike at Mons. In Ashland Wisconsin six of seven strikes win for the men. An American syndicate buys sugar lands in Mexico. London Liberals plan to banquet Armenian exiles. Farwell may decline another term as senator from Illinois. Much pine wood ships from Mexican ports. Peter’s peace in jeopardy amid steady dim inution. One convict fatally stabs another in Kingston Ontario with a knife. Twenty injured in a railroad collision near Milngaire Scotland. The Marchioness of Londonderry seeks relief for health. South Dakota Indians sever tribal ties and work like whites. Movements to oust ministers Roca and Levalle from Buenos Aires cabinet. A scandal drives Georgia minister W. S. away. Mexico Finance Minister Dublan says no tax on sugar exports. A European conflict looms with Bismarck and Wilhelm. President of San Salvador thanks Spain for efforts to restore peace in Central America. Guatemalans fire on San Salvadorans amid peace talks, many killed. Fred Cup half blood Sioux offers $20000 in Shes Home or Muinalee tariff debate in New York. Boston hosts conference on alliance of trades unions and labor groups. Desperate duel in Kentucky ends in tragedy.
The Dispatch reports revived interest in property with broker notes of busier offices and rising inquiries. Demand spans business properties and small houses, with new developments, pipelines for subdivisions, and a Pittsburgh backed Fifth Avenue block deal.
Reports show uneven money distribution among local banks yet overall liquidity supports business. Demand for discounts remained normal with steady rates. counter business and exchanges described as fair to subdued. Foreign and domestic exchange figures cited. New York rates hovered in the mid to high range with 60 day and demand bills noted.
Closing bond quotations show rates for various securities including mutual unions and national issues. The notes reference Canadian funds, consols, and minor treasury terms with limited legible figures and abbreviations indicating market price movement and coupon details.
A fair broker attendance yielded meager trading with three trades totaling 160 shares. Philadelphia Gas and Luster were the only active interests. Luster rose to 264 bid and 264 close, Philadelphia Gas at 90. Manufacturers' Gas resurfaced at a bid of 4 as the list showed little change. A waiting market sentiment prevailed with buyers seeking cheap stock while sellers hoped for a bottom. Second-call sales included 30 shares Philadelphia Gas and 100 Luster at 25. Total New York stock sales reached 176,370 with notable issues listed such as Atchison and Union Pacific.
Noting yesterday’s weak trading Buckeye oil had no buyers and little stock offered. The market saw 24 000 barrel clearings with Pennsylvania oil firmer while Antwerp marked down refineries. Prices and quotes vary with Keese and Wes averages and A FAME shipments listed.
Bradford open at 43.5 cents with 143.5 high and 40 cents close amid 556000 barrels. Balkan Buckeye open 33 cents, close 33.40 with 7,000 barrels clearance. Cleveland and Pittsburgh show mixed opens and closes around 34 to 44 cents amid dull activity and shipments. New York reports irregular open and close around 8 to 6 cents, with total 149000 barrels sold.
A strong market tone emerges in New York with partial recoveries from yesterday's losses. Encouraging strike news and anticipated quarterly settlements drive higher expectations, while money remains dear and traders expect increased sales before Saturday. Bond activity stays steady with few movements and government issues dull.
A terse report notes a speculative stock downturn over a period just under three months on the New York Stock Exchange. Prices of active stocks were listed as of yesterday, reflecting a probable panic without fanfare, in a muted market day.
A roster of mining stock quotes includes Adams Consolidated 160, Eureka Consolidated 450, Ontario 4100, Ophir 480, Sierra Nevada 20, Horn Silver 860, Bodie 125, Hale Norcross 20, Ontario 4100, Sutter Creek 130, Caledonia B HL 100, Ophir 480, Stannard 100, Bodie 125, Home stake 1000, Ariz 1000, Savage 00, Belle Isle 100, Iron Silver 185, Mystic entries show varied prices across recognized mines and districts.
The East Liberty office reports cattle receipts 2261 head with 1431 shipped. Cattle market firm and closing strong above yesterday. Hog receipts 3000 with 2600 shipped. best hogs and choices strong with hog prices up. Sheep receipts 2000 with 800 shipped. market dull at yesterday's prices. Weekly transactions summary noted for the East Liberty Stock Yards.
Cattle in demand firm with varied prices across hubs. hogs higher in many markets while receipts near 2,000 to 7,900 head. Sheep and lambs steady to up slightly. calves and veals mixed. Notable activity in St Louis Chicago Kansas City Buffalo and Cincinnati with differing regional quotes and shipments.
Trade in New York Drigeads Market shows continued excellent character with steady ordering of specialties and staples. Cotton remains firm while September wool dress goods, flankets and blankets are in demand. heavy yarns in scarce colors and some colored cottons are hard to obtain. bar silver prices are listed with London at 14 1 2 pence per ounce and New York at 11 1 2 percent.
A nostalgic note traces Castoria as the trusted remedy from infancy to motherhood. The rhyme recalls giving Castoria during illness and infancy, a girl’s childhood, adulthood as a mother, and the care passed to her own children.
Domestic markets show Choice Dairy and Fresh Eggs up while Hay and Millfeed weaken. Wheat and Flour hold steady with high grade dairy products and eggs firm. tomatoes and apples rise amid strong demand. fruit supplies include Elgin creamery and California goods. potatoes, grapes, and apples feature in steady to firm pricing.
Wholesale grocers report unusually brisk August trade with higher prices for coffee tea and canned and dried fruits. Fancy Rio green coffee and Mocha and Santos varieties appear up front with general upward pressure on sugar syrup and oils as merchants note demand remains strong.
The Grain Exchange notes on call sales for corn, oats, flour, and hay with receipts from Pittsburg, Ft. Wayne, Chicago. prices for wheat, corn, oats, and bran quoted. Wheat weak, flour firm, corn and oats steady, hay and millfeed easy. market unchanged in overall tone with several railroads carrying carload exchanges.
A fragmented price sheet lists winter wheat flour, bran, and middlings with dozens of weight and price figures. It also enumerates cereals hay meats and lards, including sugar cured hams in various sizes, dried beef, bacon, salt pork, lard refined, butter substitutes and sausage links with assorted prices, units, and packaging notes.
Chicago wheat and corn futures fell sharply with wide price swings and persistent selling pressure. Prices opened down, extended losses to around 6 cents for December, then recovered briefly before drifting lower again. demand remained weak and local shorts covered minimally amid broad market weakness.
Readable lines show wheat prices easing and oats steady with various No. 1 and old crop descriptors. References to May and September futures appear, along with lard cash and May quotes.
A market gardener reports the early corn crop is well below average due to July and August drought, with yields about half of last season. Rain improves late corn prospects, but overall supplies will be tight and prices won’t satisfy demand. Potatoes and peaches show mixed signals with light fruit yields along the eastern coast and Jersey potato prospects viewed as average.
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