Iron market holds strong as Pittsburg furnaces push output
The iron trade shows no new weaknesses amid a booming period for Bessemer iron and steel. Traders report steady to rising demand, with Edgar Thomson works posting December output of 11 600 tons of No 1 Bessemer iron, and two new Braddock furnaces nearing completion to lift daily production to 1 500 tons. Prices hold firm with expectations of further gains after stocktaking and repairs.
MENTIONED IN THIS ARTICLE
Bessemer Iron and Steel
Pittsburg
Httle
Edgar Thomson Works
Bessemer
Braddock Works
Iron and steel trades show strong early year demand
A New York telegram reports exceptionally favorable iron and steel prospects for January. Furnaces across East West and South have contracted output and buyers expect further remote deliveries to lock in rising prices. Foundry forge irons and pig iron markets show advances, while rail steel rails and barbed wire demand remains robust. foreign copper markets are quiet and copper shares stay strong.
MENTIONED IN THIS ARTICLE
Rogers, Brown & Co
Chicago
Northwestern
Lake Superior
Irena
Northwest
Dinfaton
New York
Bessemer
Canara
Ae Ee
Ooene
Ton Stock Exchange
S.we
Pig iron market indicators and trade notes
Philadelphia January 3 The pig iron market shows brisk demand with 100000 tons sold by Thomas Iron Co at rising prices over six months. Industry chatter mentions potential price setting for 1800, and readiness to contract No 1 Dig and No 8 Sat at quoted fob Perth Amboy. Scottish warrants rise as mills, furnaces, and steel plants expand. new furnaces and bloomers enter active service while payments on obligations due next month.
MENTIONED IN THIS ARTICLE
Otspatch
Philadelphia
Thomas Iron Company
Ent Clark
Perth Amboy
Scotland
Peaneytvania
Stee
Ba Iy
caShanesne Iron
Ocean
Gia
Eglinton
Bessemer
Middlesbrough
Coro Ee
O. B
Glasgow
New York
York
Jowas
He+t
Sena
Tin Ereen
Scotweh
Pittsburg
Ferpar
Burren—Creamery
Elgin
Ohio
Lomona
Iron and railcar plant planned for Minefield area
Pittsburg capitalists plan two new manufacturing plants in Minefield and nearby towns to produce iron steel and tin plate and a non heat conducting railroad material. Ground has been secured and about 3000000 in capital will employ at least 200 workers. Local real estate activity and transit expansion are expected to drive a broad urban business growth this year.
MENTIONED IN THIS ARTICLE
Butler
Pittsburg
Vostro Clearings and Balances Reported in Market Update
The report shows Vostro clearings and balances totaling several figures including 28,058,016 in balances and 18,872,622 in other totals. Money rates stand at 6 percent on call and 7.48 percent on time with active demand for funds and notable balances across accounts.
MENTIONED IN THIS ARTICLE
Vostro
Chtcaco—Cl
New York
Market Report Quiet Trading With A Late Rally
The old market was comatose yesterday with very light trading. A small crowd tried to lift it but failed until near the close when bids pushed to 10844, the day’s high, then slipped to 103¢ as it closed barely steady. No major news. a pipeline day around the 10th is possible. conditions bullish though the Standard is seen as bearish.
MENTIONED IN THIS ARTICLE
Jonn BH. McKee, Jr
Reldere
Reece
New York
Rio
Santos
Cassia
Royaline
Globe
Seine
Metlen
Bopa
Loulaiaca
California
London
Muscatels
Valencia
Ondara
Sultana
Flberta
Stayrna
Perone
Neler Serge Gis
Brazil
Orepacabad
Bes
Qemprico
Napierian
Isaac
Lex
Wingine
Beeet CIA
Ebu Mack
A Higgins
Eureka
Eas A . A
PeShart
Nba
Noe
Canada
Ateady
Aries
Philadelphia
Twentieth Street
Tor
Ieere
Marker Features Corrected Daily by John M Onasey and Team
Fragmentary OCR notes mention market features and daily corrections by John M Onasey and six wrest peers of Pittaberg Petes. It references prices, volumes, and other market data in a rough ledger style with isolated figures and terms.
MENTIONED IN THIS ARTICLE
John M. Onasey
Pittaberg Petes
Leum Exchange
Bevsees
Cenem
A. B. Mcore
Real Estate and Mortgage Transactions in Pittsburgh Area
L M Pennock & Son settled mortgages of 2000 for three years and 1000 for three years at 6 percent on Crafton and Thirteenth ward property. Washington Beck residence sold to John H Davies for 7500 cash. James W Drape & Co sold about 4 acres on Perrysville Avenue for 5000 cash to Mrs. Gunky. Intention to erect Gusky Memorial Hospital orphanage. Additional mortgages of 5000 on McKeesport property and 150 on a rural site at 6 percent, plus several other loans at 6 percent on city and suburban properties. Bailey placed two three-year loans at 7 percent near the Eighth ward. Baird sold Valley View lot to Arm Hays for 900. Reed B Coyle & Co faced a loan on East End property.
MENTIONED IN THIS ARTICLE
L M. Pennock & Son
Crafton
Thirteenth Ward
Washington Beck
Sidney Street
Southside
John H. Davies
James W. Drape & Co
Perrysville Avenue
Allegheny
Gunky
Indy
Gusky Memorial Hoapital
McKeesport
City
Bailey
Fourth Avenue
Bia "Baird
Fourth
Arm Hays
Valley View Place
Reed B. Coyle & Co
Losses Recovered on New Year Market Day
January 3 report shows early dull trading due to high money rates, then a sharp drop in rates spurred stock gains. The market recovered yesterday losses with notable advances across the list as bears circulated bank statement fears, while the subtreasury paid into the Clearing House over $2,000,000.
MENTIONED IN THIS ARTICLE
Bears
Also Mentioned on This Page
Tron Trade Review
St. Louis
Cincinnati
NG. W. Sctrp
Iss
Ted
MBN
Leon
Diafatch
Rogers, Brown & Meacham Sar
St. Lous
Bouthars
East St. Louis
Loui
Metropolis
Peprclal
Dispatcr
Ciuscrmsati
Javuary
Rogera, Brown & Co
British Iron Markets
Lake
Janu
Safa Depont Company
Riter & Conley Mortgagors
C. W. Cass
James Herdman
Dollar Savings Bank
Jons E.annp
Davin Shaw
Oil Exchange
Jeannette
Albert Parsons
Toller
Ingram
C. H. Love
George Layberger
Red Mills
Carnegie, Phipps & Co
Seaver Falls
Oliver Iron and Eoel Company
Pie Bros. & Co
Screditoes
Beamer and Schmerts
Belifield
McGinley
Thompson Pion & Co
Eokean
Mansfield
Northside
East End
Connellsville
J. D. Thompson
Helena
Mont
Hoe
Helens
Monongahela
Louisville
New Orleans
England
Albertgate
Riviera
Gale
Pleasant Valley
Pittab
Meru
Ius
Panne Gas
Pitts Junction
Pate Iy &Uc
E. E. Co
W. KR
W. Point Aater
Silverton Sita, Wanhenosee
Binning Cowan Caatle
Philaapres
Wheeling Gas
Phi
Pittsburg Tractions
Edward P. Long
Ares Westinghouse
Wheeling Gas Athe Ion Tee
Mecca
U. 5
Ee Union
St. L. &Lm
Gan
Sim S. Paul Consols
Con. Pacific
St. Ant & Persia
Ort Crry
Petroleum
Realty
Luster Lets GO
Beatrion, Rider Haggard's
Lat
Testi Ae Elneoee
Don
Nashville
Erie
Illinois Coal and Coke
Jersey Central
Fisitroxa
Ilinois
New Jersey Midland
New York Stock Exchange
Whitkey & Stephenson
Fourth Avenues
Proenemayt Trust
Cotton Se
Canada Seuiners
Carrey Ax Trat Pacific
Esmneakns Onis Cc
Jidensoee Ut
Louisville & Nasteens Central
Aa Mobile & Whip
Western
Northern Plai Iich
Man
Ork
Wis
Aicineek
FrenRlim
Cere
BR. H. Gs
Huron
Secre
Sereves
the Wool Markets
Newark
Michigan
Odlana
Delaine
Caanlin
Delaing
Ccarsado
Montana
Territorial
Bostox
Oregon
Texas
Oedoccee San
Kentucky
Montevideo
Boston Commercial Bulletin
United States
Cyrteris
Corter
Brokers—Financial
Meiers
Drexel
John M. Oakley & CO
Bankers and Brokers
Sceth
Pitwburg
Grain Exchange
Ft. Wayne
St Louis
Baltimore
Lake Erie
Barney
Reece Nodines
Armour & Co
R. Louw
el Awe
Barney—Steady
Minnesota
Polis
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