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Pittsburgh Dispatch in Pittsburgh, Pennsylvania

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Newspaper

Pittsburgh Dispatch

Location

Pittsburgh, Pennsylvania, United States of America

Date

Feb 28, 1890

Page

7

Iron market steadies in England and United States trade

The Iron Age reports a steady quiet pig iron market with occasional inquiry gains in the US and UK. Prices for No. 2 pig iron run around 19 to 20 per ton with April May terms seen. manganese and other pig iron imports show shifts. wire rods demand eases with $53 to $335 delivery quotes. steel rails buyers expect softer prices and potential mill consolidation efforts in Pittsburgh and related mills. The Bureau of Statistics notes 1883 imports of spiegeleisen separate from other pig irons.

New York G. Brock Bureau of Statistics Pittsburg Nang Taggig Biari Coltness Glasgow Summeriec Ikl. Fo Ginnever Gartsberrie Bessemer Hoyera West Coast Sipen Eell Works Decker Mecht C. B Patane Seat Welsh F.o B Wales Lds Teurenia SreereBarings Tee Bolt Speliet Suerian Paul Piste Maer Senwde Osas Geek Sashaie

London iron and tin market reports in February iron age dispatch

London dispatch notes uneven tin prices with a recovery to around 8 to 9 pounds per hundredweight after a fall, buyers cautious, and a view that prices may rebound as producer output plans and consumer demand shift. Parcels of 400 tons traded at 245 10s 6d and 246 12s 6d with several smaller lots, while silver and steel markets show broad price declines and cautious demand across pig iron, steel rails, and other alloys.

New Yon London Jatire Hac Ee Union Baldwin Williams Cony Brothers Lewis Thomas Germant A Woos Theforress Barry Old Castle

THAT SOUTHERN IRON TAKES EXCEPTION TO CRITICISM

Letters to the editor defend Lady Ensley iron from Sheffield and Pittsburg brokers. documents show tensile strengths and elongation tests from Grey Forge and other works, with reports of successful tests for railroad use and bridge applications.

Pittsberg Dispatch Lady Ensley Iron Sheffield Ala Pittsburg Lady Ensley Grance H. Hoar & Co Louisville

Storage Needs Highlighted by City Merchants

In a Wednesday Dispatch column interview a leading merchant argues central city storage is essential. He notes current facilities meet transient needs but wholesale houses lack space to stock goods and support growing trade, pointing to railroad freight depots as a model and urging more warehousing.

Eapd Pennsylvania Storage Company Water Street Roel Waneneusens Hoovelers Union Dilworths Furndah Are J Pennsylvania Railroad Company Liberty Street

East Liberty Livestock Receipts and Market Averages

Complete telegraphed statistics show cattle, hogs, and sheep receipts across major markets. New York Beeves receipts total 72 carloads for export and slaughter, with mixed demand and steady to easy tone. Chicago reports 12000 cattle, 1800 lambs shipments, and varied prices. Buffalo and Indianapolis also list assorted receipts and prices. Kansas City notes steady market, hogs slower, lambs firmer in spots.

Telegraph New York Beeves Chicago Aleve Texas Betes Lambs, & Sr Ann Roma Shi Ments Cain Kansas City

Mystery resolves on Fifth avenue real estate sale

A Beamer and Schmertz property sale to the Duquesne Trac tion Company clarifies a long puzzled mystery about a rapid transit car house on Fifth avenue between Craig and Neville. The price was 141000 dollars.

Beamer

Down They Went Amid Market Mood At Pittsburgh Exchange

Bear day on the Pittsburgh Stock Exchange saw broad losses across the active list. Central Traction and other tractions slipped while Pleasant Valley and Philadelphia Gas moved unevenly as investors chased cheap issues despite favorable conditions.

The Stock Exchange Central Traction Pittsburg Biit Pleasant Valley Philadelphia Gas Chartiers Gas

Money Market Shows Firm Tone In New York and Country

The market remains healthy with enough cash for business needs and gilt-edged collateral readily discounted. Exchanges rise to 2,580,404.92, with balances at 401,311.70 as banks keep payouts tight. A daily call from the Currency Controller is anticipated, while regional centers like Chicago and St Louis adjust rates to local demand.

New York Wall Street Chicago St. Loui San Francisco New Orleans Phisburg

Bank of France and London clearings update and rate shifts

The weekly financial bulletin notes Bank of France bullion flow and reserves with a 47.35 percent reserve ratio. London clearings total 12,485,183 with bullion moved to the Bank of England and gold price around £51000. New York exchange remains steady near 40 50c, money rates near 5 to 7 percent on call and l:ease.

Boston Delphia Bank of England Bank of Land Paxis Bank of France New York Exchange Li St. Lowvis Balan

Bears on Top Oil Drops Below Dollar Line

Oil prices fell below the dollar for the first time since last November as trading remained weak amid no buying support. The market opened at 1.0039 and closed near the bid of 1.00 as producers reported several new wells in crafton shannopin and butler fields with varied outputs, while one rig burned after a lightning strike.

Rallied Sboute New York Oil City conings @ Co Crafton Field Ivory Farm Ferguson Farm Shannopin Field Shannopin Cluster McCoy & Co Wildcat Shipping Point Kanawha Oil Company Young Farm Lockwood Eusher Butler Field Cable Farm South Penn Oil Company Bet Ile Onan & Ite Brown Brush Creek

Butler Oil Field Proves Largest Well Yet Struck

Burien February 27 oil markets stay volatile as producers report new wells on Irvine farm at Ma. First & Co s No 4 drifts into a rise and streams heavy flows. The well is described as the largest yet struck in the field with substantial productivity surprising the trade. Market features include daily quotes from Pittsburg Union Exchange Bremen and related pricing notes.

Burien Forst & Co's Irvine Atinas & Barrels

Petroleum Market Movements Reported in February Openings

February 27 reports show petroleum prices opening high and low across markets with 76 001 barrels shipped and 31 744 barrels chartered. Prices ranged near $1.04 to $1.01 with a 1 percent reaction and close steady. total sales reached 828 000 barrels across markets.

Om Crry Petroleum Hans En Youn Sige Consolidated Exchange

Movements in Realty Details Multiple Real Estate Deals

Alles and Bailey sold vacant lots rear of 805 Wylie avenue to Charles Apphelbeck for John Ward and to Conrad Hahn for 1200 cash. Kelly and Rogers arranged transfers on O’Hara street and Newbarry street for sums 2030 and 3400. W H Zimmerman sold a seven room frame house at Meadow street to Wm Upstill for etc. Horron and Sons report three more sales in Coltart square Oakland totaling 8300 each. Black and Baird sold to John Foorster and Stratman for 8200 of ambiguous lot shapes and depths.

Alles & Bailey Fourth Avenue Charles Apphelbeck Wylie Avenue John Ward Wandless Street Conrad Hahn Kelly & Rogers Station Street John Magin George Wiliams O'Hara Street Meadow Street

Stock Market Quiet as Short Interest Dominates

The New York market on February 27 remained quiet with small Movements confined to a few stocks. Traders focused on short selling while foreigners and bears pressed, notably against New England and Union Pacific as New England and sugar refiners showed weakness. Bankers awaited Washington action to ease money conditions.

New York London New Pacland Washington Wall Street New England Union Pacific

Reading Down as Bearish Pressure Stalls Stock Rally

Market notes show further selling pressure in Reading and other issues with total bond sales around 1 001 000. Traders cite easier money in London and treasury withdrawals keeping money tight, though some stocks like Louisville New Albany and Chicago and early London gains offer cautious optimism as prices drift.

Seoneace Conteas Tennessee Foo Josses Central Railroad of Co. Ss Reading Olds Louisville New Albany Chicago the Post London United States New York Stock Exchange Whithet &Stefhenson Pittsburg Fourth Avenue

Philadelphia Stocks Noted By Brokers In Brief Report

A condensed market note supplied by broker Whi Stephenson lists stocks in New York, Pittsburgh, Lehigh Valley, Northern Pacific and Northern Pacific preferred. The brief item cites trading activity with limited details on prices or changes.

Whi Stephenson New York Pittsburg Lehigh Northern Paccific Northern Pacific

Business Notes Sparks from Hometown Industry and Finance

Jonx M. Oakley returns from Bermuda. February pension payments total about 18 million dollars. Central Elevator declares a 3 percent semiannual dividend. Forty five mortgages filed yesterday, largest at 4 154 dollars. Bedford Coal and Iron Co chartered with 200 thousand capital. John Cessna among directors. About 1,500 bank deposit books and certificates. 1,000 still outstanding for return. Lake lines resist proposed differentials. spring demoralization feared. Bryden Horseshoe Co of Cataquauga, Pa, ordered for Great Horse Railroad Co of Berlin Germany. Reading Co trims operations to two of 56 collieries as winter bites coal. National Tube Works Co of MeKeepsport builds furnaces and pumps for new plant upgrades.

Jonx M. Oakley Bermuda Central Elevator Company Bedford Lawrence Bank Bryden Horseshoe Company Catasauqua Great Horse Railroad Company Berlin Germany Reading Company National Tube Works Company Ekeesport

Dry goods market holds steady in New York report

February 27 dispatch notes little change in business with steady dry goods trade. Overall activity remains fair, with moderate demand in sheetings and bleached shirtings, and a firmer cotton market. Jobbing trade shows improved activity while clothing woolens move unevenly and overcoatings remain slow to sell.

New York

Wool market note on quality samples and decline

The report notes a fair movement of fine and fine medium wools with strong samples and goods, while tub washed and choice bright unwashed wools are weak and declining in value.

Louis

More Money for a Good Cause at South Side Hospital Drive

Collections yesterday included F F Rosaleer and hardware firms with several donors listed. Totals show $1,181 71 previously reported, bringing the running sum to about $1,211.07 plus listed contributions from Redmond and others.

South Side Hospital F. & F. Rosaleer Rerhoa Gd

Domestic Markets Pulse Drifts Amid Quiet Trade and Rising Coffee

The Pittsburg Dispatch notes quiet commission trade with steady to firm dairy and eggs. Fresh eggs demand matches supply as poultry remains subdued. dairy and cheese move briskly. Coffee options edge higher in the East while general groceries stay active. various grains, fruits, and produce show mixed prices amid mild weather and market manipulation.

Pittsburg Commission Butier—Creamery Elgin Wile Ohio Bere Tainge New York Lée Valencia Bermuda Grezx Correr Java Maracaibo Santos Caracas Rio la Guayra Silabio C. Santos Gee Ordina Cassia Shei Heal Globe Gage Elaine Tiger Care Jenna Dia Fania Lord Oil Soren Carella Louisiana Brazil Heskisberree Ted Fee Confectioners Saaltt Sipmduc Hid Co Bahamas California Fisu Shore Luke

Grain Exchange Sales Report From Car Load Transactions

Grain Exchange notes sales on track with 19 cars traded. Pittsburg and Western and Baltimore and Ohio lines bring corn oats hay and flour with prices and car counts. The report details No 2 yellow corn prices and mixed cereals with current weak flour values.

Grain Exchange Pittsburg and Western Baltimore and Ohio Pittsburg Cincinnati St. Louia Ft. Wayne Chicago Penarivania Ohio

Wheat market advances on bullish telegram signals

Wheat prices rose again today with stronger tone and higher closes fueled by a telegram from Albion Michigan cancelling a sale order. May led activity as traders absorbed large early offerings and a bull mood persisted amid tight supply and flood fears in the Ohio Valley.

Caicaco Albion Mich Sone Ohio Valley Wlite Egges New York Re. Verky Western Ig Ale Naar Denn C. Birt Aaien Boston Cne New Orleans Salee Mar Jane

Also Mentioned on This Page

Beiter England Wheeling Tusburg Wiere Poreign Metal Markets F.o.b. Li Siemens Steel Sa Ae Ms. GL Ouro Falls Wenss Louisville Bridge and Iron Company Mitteburn Petra Sroy Missouri Barron Kansas City, Ft. Scott and Memphis Oblo Falls East Liberty Live Pitrenunc Eececsers Mystery Allegheny City Messrs. Herron & Sons Federal Street North Avenue Allegheny Isaac Taylor Levi Wade Ames Shovel Works North Easton Mass Johnstown McWilliams University Diamond Street Ess Street Bethlehem, Pa Glendon Iron Company Esston Ottomar Haupt Aaree Pittap Vuebes Bank M. & M. Nat. Henk Su Second National Bank Ate Union National Bank Keue Tees Nat. B Nes City Insurance Bake My Aee Co MT Aia Charters V. Gag Manufecturer's Gas Go West Westmoreland Plessant Valley UG Pitts., A. & Mam Pitts W.K Co M. Y la Noria Mining Co Westing Beko Po Union Storage Co Roe v Westinghouse Plas Traction Pong Traction Jectric Pittsburg Traction C. L. McCutcheon Na So Ere Pleasan Peng Eee Ee Saat Gas Rea Bros. Valley Seah St Pittsbore Traction Otal Ten Dhee York Delaware Lackawanna Wae iSide Bending Leslie Paul Pacific Nortters Tay St. LS St. Er Lata Panear Kote Aig D West West Bnots ST. Weste Scamanll BEARS Butler Oil Jobo M. Oaxiey & Gaatrect Pittsburgi Bremen Order of Markets Ighest Denis Ake Boston Atecks Ateh Top Allouez Mg Co van Albany Eeeven ISM Hoston & Maipe Boston & Mont Calumet & Hecia Pei Ae Santa Fe Copper Maeees Central Anniston Land Co Boston Land Ingie Cotton Ol Trust Atoh Bae Uae St le & Pit & Pitts E.T Lake Erins Lake Erie Lake Store Sid Norfolk Western Philadel Reading Sens Richmona W. P.T Hichmona Petts St. P San Fran San St.l San T Eastern Union Throng eLé Ory Philadelphia Wool Markets Lake Castoria Miss Obie Pennsylvania Imixen Twentieth Street Minneapolis Pooruaey Bic ST. Anvasion Esterday Reijertoern Gora I Amluin Gusons Bam Tisburg, PA Issus Joseph Horne & CO Gall Ubale Toll du Chalon Cloths Bash I Heather & T Rete Beokers— Financial Ie Pancarepemen John M. Oakley & CO Bankers and Brokers Sixth ST Pittaburg Medical Whittier Penn Avenue Ker M. D National Medical Association Parker PDY Medical Institute Bouton Uing Bate Me i E Oa Ag Holland Smithfield
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