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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Feb 13, 1892
Page
3
The iron and steel market remains weak with unsettled prices and limited demand. Buyers hold stocks and seek concessions while mills face overcapacity and irregular pricing, forecasting uneven activity through the year amid planned railroad and construction work.
No change in the Cincinnati iron market as letters remain, and orders for early delivery exceed supply. Brokers note rising stocks, irregular prices, and dealers offering large iron supplies through regular agents. Southern wheel trades show steadier demand while idle furnaces stay out.
The report notes many orders placed in the past week for Northern and Southern cokes with deliveries focused on Lake Superior and Southern regions. Market remains healthy with prices low and no immediate upturn, as consumer demand stays strong across the trade.
Rogers Brown Meacham report a quiet market with most buyers finding December and January orders ready for June and July. A few cheap iron offers appeared last week but prices remained steady and buyers show little fear.
Brown & Co report this week the quietest in year for pig iron sales with no new contracts to cover pending orders for cars and bridges. They note rumors of contracts but none secured, and foresee no material advance in prices soon.
New Year trading notes show pig iron steady at 15 l1 1 5 per ton while copper holds around 10 70 to 10 75. Lead trends weak at 5 0 to 5 05 domestic. tin remains quiet near 19 60.
New York and Philadelphia report mixed grains with cornmeal dull and rye steady. Prices shown for No. 2 red wheat, corn, oats, and lard across markets in St. Louis Cincinnati Milwaukee New Orleans Kansas City Minneapolis Toledo and Baltimore with varying bids and futures.
An army officer presents Deer Accounting in America, a reader-friendly piece for young readers of The Dispatch to be published tomorrow with insights on wildlife and national forestry.
February cattle receipts show 48 head on what appears as consignments and no cattle shipped to New York. Hog shipments reach 6 cars to New York while hogs and cattle markets vary with 2,400 head on the fair market and 500 to 600 head on the Surer line, prices unchanged.
Cattle, hogs, and sheep receipts vary by city. Chicago and New York show lower cattle and hog prices amid firm demand for some grades. Buffalo and St Louis report quiet markets with pockets of strength in lambs and high grades. Kansas City and Cincinnati note steady cattle, strong hogs early then soft, plus tight sheep supply in some markets.
New York reports steady to slightly down trading, with Rio spot prices quiet and steady. Coffee terms across several futures months show small moves. February update notes firm conditions and prime Rio cargoes with standard grade No. 7 offerings.
Local railroads invest to ease rapid city growth. Pennsylvanian and B&O lead improvements, with others enlarging facilities. Builders forecast a spring surge of new houses in Wilkinsburg and nearby districts as demand for downtown space rises and moderates seek affordable locations.
Daily stock activity waned with many issues closing below opening bids. Edison General Electric reports a net year result of 1 749 449 with 1 260 067 carried forward after dividends. Pleasant Valley leads gains among regional rails while Birmingham lags.
New York trading on February 1 saw a heavy day with coal shares leading volatility. Jersey Central and Reading swung widely while bear rumors and foreign exchange pressures influenced declines and rallies, ending with mixed results and sizable bond activity, notably Reading issues.
The report notes mixed activity with most stocks on a flat board and no notable market moves. It lists several active issues with prices and corrections, including Bell Telephone and Water Power, among others, reflecting a subdued trading day and stability across key entries.
Boston markets report today show electric stock bids and asks. Traders review Boston Electric Light Co. Thomson-Houston Electric Co. and Wayne Electric Co. amid fluctuating prices and limited trading activity.
Aspen shows Best & Belcher 26 percent in rough market. Chollar 160. Crown Point 120. Eureka Consolidated 160. Gould & Curry 160. Hale & Norcross 20. Homestake 160. Iron & Silver 140. Mexican 17. Ontario 4100. Savage 120. Sierra Nevada 150. Union Consolidated 160. Minor notes list Small Hopes 1m and other items.
Uar silver in London 44d lower at 1 1d per ounce. New York dealers price for silver 90 gc per ounce.
The report notes excess money supply with large home funds and moderate loan demand. Deposits indicate a healthy trade movement, with bank rate at 11 percent and some outside loans at 5 and tax. Bank clearings reach 2,401,158.19. circulating money totals and per capita figures are provided alongside New York money-on-call conditions and sterling exchange quotes.
A dense OCR fragment lists various bonds and securities including U S Steel Union Pacific Northwestern exports and railroad notes. The text mixes percentages, company abbreviations, and region indicators with scattered prices and credits, lacking coherent narrative or dates.
New Orleans local clearings and balances are listed at 1 605. New York shows 817 766 clearings and 6 519 750 balances. Boston reports 14 594 973 clearings and 1 540 207 balances. Philadelphia 1 855 104 clearings and 1 450 827 balances. Baltimore 69 427 clearings and 44 710 balances. Cincinnati 2 523 000 clearings with 86 percent premium and New York exchange at a premium.
New York Wool trade active with domestic fleece steady. Texas and St Louis shipments light and prices unchanged. Philadelphia and Ohio demand fair with varied lots from XX to coarse types. Boston notes steady overall sales around 390,600 pounds for the week and buyer-favorable trend.
Market notes show sluggish cereal demand and steady dairy prices amid wintry weather. Eggs supply matches demand. Southern eggs enter markets as high prices pull in new lots. Fruit vegetables and poultry offer unchanged quotes with wide variety of per unit and per barrel items noted.
Market notes show slow movement with firm coffees and steady sugars. Canned goods display an upward tendency while green coffee varies. lists multiple Rio, Maracaibo, Caracas, and other origin labels with broad price ranges and quality grades.
Grain Exchange reports no car sales today with receipts listed by line and by rail company. Wheat and millfeed are quiet. oats and rye show small concessions while hog products trend lower. packers expected an advance at Saturday meeting.
Market stalls show improved trade with early vegetables from the South selling well while home produce lags. Egg prices surged to 3 cents per dozen then eased, and oysters and other seafood prices held steady amid tight supplies.
New York reports mixed activity in dry goods with overall fair business and steady buyer sentiment. Manufacturers note occasional purchases of small cotton goods bundles, but such sales are rare and mainly affect manufacturing trades rather than general retail.
Turpentine firm shows steady demand while rosin remains firm with mixed notes. Savannan and New Yorke-Rosine markets report strained to good conditions, with aero turpentine steady and rosin prices holding around a dollar.
A volatile digest notes events: England faces cattle disease, Bombay famine, Cherokee Strip unrest, Montevideo revolt rumor denied, Diaz clubs spread in Mexico, Mackinley boom on the Pacific coast, Milwaukee to add a lake steamer line with St Joseph, Major Bonebrake to accept Japanese mission, American Express tax dispute in South Dakota, Spanish Republic celebration, Detroit girls decoyed by Chicago woman, Russian famine relief funds, US grand jury indicts four for anti trust law violations, Churchill candidate for Paddington, Western rail strikes anticipated, Jacksonville IL weavers strike for nine hour day, Minnesota case upholds saloon licenses, old deed covers central region.
A Leipzig correspondent reports relief for a persistent cough after trying many medicines with no effect. Improvement came after using Soden Mineral Pastilles, endorsed as genuine only when bearing Eisner & Mendelson Co. signature, sole New York agents.
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