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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Feb 15, 1890
Page
3
Traders in the West sense improving prospects while New York sales lag. Coke rises 40 cents per ton, lifting production costs to about 65 cents for mill iron, with some ores allowing a 40 cent advance under favorable conditions. No iron or steel price surge seen, but Bessemer iron edges stronger.
Philadelphia February 4 report notes slight price shading by Southern turners on pig iron with little effect on the overall market. Railroads cap markets with tolls, keeping furnace output and downstream prices stable while delays in orders hint at producer leverage. Prices quoted: pig iron 2 dollars and 18 cents to 5 dollars 60 cents per ton depending on grade and destination.
New York reports favorable general conditions in iron and steel markets. Demand remains strong with full employment, steel rails at £35 in Eastern mills, and renewed orders for structural iron in Pennsylvania. American Iron and Steel Association notes production gains in Bessemer and related products, while London spot prices slide and financing remains loose.
Special telegram reports that the week’s petition mirrors the prior period with war market conditions steady. Sales are mainly on carload basis with two sub currents indicating improving business. Connellsville foundry line noted amid favorable outlook.
Retail market basket items show little change with Lent approaching. Florists report livelier trade as customers prepare for travel and holidays. strawberries sell at 50 cents per quart while staple meats rise modestly. Prices for tenderloin and sirloin vary from 15 to 20 cents per pound, with other meats and produce listed. flowers remain costly with roses at 3 dollars per dozen and American Beauties noted.
Cattle receipts 1 54 head with market slow due to consignments and no cattle shipped to New York. Hogs receipts 2 400 head and shipments 3 500 head reflect a slow market with medium and light demand in Philadelphia.
Across New York and Chicago trading posts sales vary with cattle receipts around 10 000 head in Chicago and 25 000 in Hoge with mixed prices from 2 40 to 8 05. Hog receipts near 4 300 head in Chicago and early reports note market strength in places while buffalo and St Louis show softer tones. Lambs and sheep also cited with modest gains and declines across regions.
February reports show improving conditions of trade sparking cautious optimism across markets. Officials note steadier orders and higher activity suggesting a positive trend for manufacturers and retailers.
Detroit Free Press notes Sweden’s approach to drunkenness, sending alcoholics to facilities for 15 or 20 days with bread soaked in their favorite liquor. The piece suggests such treatment would be unconstitutional here as it would cut saloon profits, prompting a public critique of policy and morality.
A fragment notes Bill Nye discovers peculiar figures described as a banging in the text. It hints at more details to be released in tomorrow's Dispatch.
Experts report brisk inquiry for small parcels and fair demand for large properties. A $15,000 sale at 18 Wylie Ave signals renewed activity as cash buyers and brokers eye Schenley holdings and future development plans. New Orleans deal under secrecy involves about $250,000 with James W. Drape possibly directing efforts.
The market broadens with gains in Philadelphia Gas and Pleasant Valley, while Electric and Central Traction lag. Heavy trading occurs as large buyers disguise volumes, and afternoon sales show ongoing activity. NY totals reach 210,808 shares with notable shifts in utilities and rail stocks.
The local money market shows a familiar, calm tone with no new developments. A cashier notes steady loan demand and a fair supply for business needs as rates hold around 6 7 per cent and exchanges ease on the market.
The daily ledger notes Oo-day bil demana and Yorxe-Clearings showing balances of 12,256,833 with zero balances and 9,810,144 in Lonco, alongside bullion transfers to the Bank of England totaling 63,000 pounds. Silver pricing listed at 434 cents per ounce with Oscaco-Clearings at 10,626,000 and New York exchange discounts unchanged.
The oil market early yesterday showed uncertainty with prices ranging from 1 0644 to 1 0534 as scalpers bid up to 1 000 and back down. By 2 pm demand picked up, the high water mark reached 1, the market closed around 1 064%. Signals indicate robust activity with 62 000 clearances and continued production in several fields including Eicholiz and Butler.
Burien February 4 The Lockwood and Co well on the Echoltz farm is marked as a wonder. Initial tankage was limited but production rapidly expanded as additional tanks were borrowed. The well is delivering strong barrels and excitement surrounds its output. Road conditions hinder operations. A Glade Run contractor struggles to haul lumber for a lease. Market notes list Pats at $105 and related calls.
The report records petroleum activity with firm opening prices around 105 and 106 for various contracts. Trading closes firmer, with shipments totaling 66,103 barrels and 54,998 barrels in New York, while February and March prices show minor gains amid dull market conditions.
A lively movement records numerous property transfers: No. 18 Wylie avenue brick dwelling to George N. Monro for 13000 cash. Glenfield station nine acres with three dwellings sold for 5000. several other parcels, houses, and lots traded across East End, Allegheny City, and Ninth Ward with prices ranging from 2300 to 35000, including city improvements and mortgage placements by local firms.
In New York trading Sugar Refineries boosted unlisted shares while overall railroad stock dealings sagged. Lackawanna stock surged into five figures, marking Sugar as the sole bright spot as certificates opened down and recovered through the day with a late rebound.
The page notes rumors of moves to nullify withdrawals from the Northwestern and Union Pacific, with funding bills expected soon. Union Pacific rose strongly while other stocks followed. Ch St. Louis and Pittsburg surged on Carnegie and Baltimore and Ohio talks, sugar markets closed dull, and Wisconsin Central incomes weakened. Trading totaled 1,128,000 with various gains and losses across rail and merchandise stocks as market observers remained cautiously optimistic.
The wife of Sin Foam, a Harrison Avenue merchant, elopes with Thomas H. Slaton aged 16. They disappear toward New York after repeated meetings at Slaton’s home. Sin Foam’s wife and Slaton left for New York by the Providence route. A police complaint led to a telegram to Inspector Byrnes to detain Slaton on arrival.
A man in Pickens County devised a clever ruse to catch a wary trout. The fish refused bait and hid in a bank hole, which the man manipulated to lure the trout. When a hollow chunk was placed beneath the bank and lifted, the surprised fish fainted in the water.
John Boyle of Cincinnati refused to let his two sons attend a gymnasium claiming athletics were all bash. The public jokes as he falls headfirst into a water barrel and drowns. Gympnestics would have saved him if not for the fatal mishap.
Readable fragments describe a World’s Fair event involving Miss Grund Iy and Washington ladies with unclear roles. The piece notes a social gathering and potential display items but lacks complete details for a fuller summary.
Markets by wire report broad activity with prices fluctuating and closing higher than yesterday. Active buying by short interests covers large lines while long holders grow bullish. oats and wheat show mixed moves with May futures drawing most attention and higher pork and lard values as portables and supplies shift across regions including New York Philadelphia and Baltimore.
A Belfast native sent a silk embroidered table scarf to Idaho for a distant friend. The recipient praised it as exquisitely beautiful and timely for a Christmas ball, noting it is a new fashion here and well received by the girls.
A Boston Times note about a bright four year old who traveled to Europe with her parents last summer. On the voyage home she greeted a crew member with Bon jour monsieur and a shipman called her madam, prompting the child to correct his manners with a playful remark.
An elderly man, 85 or older, died near Saxton after biting into an apple given by his granddaughter. He choked while trying to swallow and collapsed, his grandson Richard present as the incident occurred the night before last. Authorities investigate the peculiar death and timing.
Market report notes steady eggs and poultry while crops show uneven strength. Prices for cabbages onions apples potatoes are firm with limited potato supply, and tropical fruit values slip due to rain. Overprovision in Florida oranges weighs on cash prices as buyers await better conditions.
Upward sugar movement culminates in higher quotations with coffees firm. General groceries show renewed activity, listing varied prices for Rio coffees, Government Jara, Mocha, dried fruits, nuts, and canned goods across a wide range of brands and weights.
Grain Ex change receipts show 8 cars with mixed items including corn oats hay and flour. Market tone favors buyers as supplies exceed demand with prices lower for common stock while higher grade hay holds value and cereal outlook remains steady.
Fragmentary field notes show mentions of winter wheat bran, 7 percent chop feed, references to louse molley, Se Na, and vague names. No clear events, dates, or entities beyond generic feed terms appear.
A Medford drugstore owner long respected died naturally and his funeral drew a large crowd. A Boston clergyman praised the deceased as honest and skilled, noting he traded at the preacher’s own shop and always settled accounts. No successor named.
A clergyman attempting an extempore introduction to a missionary from Ceylon falters and stumbles, delivering awkward phrasing about a land where prospects please and only max. The piece also recalls James Russell Lowell on university missions and notes historic sawdust value and waste.
The Detroit Free Press notes that the annual amount wagered on baseball, horse racing, rowing, prize fights and other so-called sports totals about 25 million dollars.
An old brief notes a remedy labeled Carter's Little Liver Pills promising relief for sick headache and describing products for stomach and liver complaints.
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