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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jan 10, 1891
Page
3
The Iron Trade Review notes no improvement in the Southern district and prices remain depressed. Raw iron costs, freight, and materials push margins negative for producers, with standard bars and other products selling below break-even. Demand is weak though some mills show cautious activity amid lingering strikes and output restrictions.
The Pochet TELOGTAM market opens with inquiry but unsettled sentiment and lower offers. Furnaces plan to blow out as ore supplies come in, with prices quoted around 217 to 2750 for various grades and sizes, while demand remains tepid for certain steel and pig iron products.
Fifteen mines in the district are out, and the coal miners strike persists with no early settlement. The National Mine Workers Union appeals for aid as protests widen. Iron and steel supply sagging, prices may rise if output contracts persist. many plants face shutdowns without union recognition. Non-union coal is mined but not enough to sustain coke production at Jasper, where a key plant closed.
A chaotic telegram report from St Louis notes no notable market features. It mentions Rogers Brown and Meacham with limited activity and furnaces closed due to miners' Evie, while consumers wait for developments before making further cash purchases for delivery later this year.
The Chicago market report from Rogers Brown and Merwin notes rising sales from 30 tons upward as stocks deplete and prices hold firm. Coke brands from the South and North dominate tonnage with some quick shipment deals and prompt payment. Near term outlook shows a modest buying movement over 30 to 60 days while furnaces slow and consumption slips. Cash terms quoted fob Chicago same as last week.
New York telegram notes a bar silver price in London at 4S6d and New York at $1 25.
Prices for market baskets show little change since last Saturday with a lull after holidays. Cabbage and cucumbers are scarce or high, fish lines are frozen stock except cod and haddock, meats steady, and eggs butter and poultry largely unchanged. Fresh garden produce lists various per unit prices and numerous seafood items are catalogued with current rates.
New York wool markets report weak domestic fleece and varied qualities from Texas to New York. Sales total 2,547,000 pounds with territory and Texas wools strong, California and Oregon mixed, and Australian carpet wool in demand. quotes range from fine to coarse and washed delaine.
In New York the dry goods market shows limited activity with price cuts on scarce items like sheetings and cambrics. Demand remains tepid as buyers are few, reductions are not widely followed, and woolens business shows signs of uptick amid a well sold market.
In New York market notes, several coffee options and index terms appear with scattered figures for January through August. The text lists values like 21000 bass and 10350/6400, mentioning months and nonsensical terms alongside unclear agency references.
Investors will find bargains in tomorrow's Dispatch with news on a January clearance. Silk Department bargains feature moire silks in all colors, items priced from 1 up to 175 dollars, now reduced to six. Includes dresses and wrap garments.
The Disaptch reports a long standing title fight over 284 acres including Homewood Cemetery in the Twenty second ward. Heirs of Charles Duke challenge deeds passing to Wilkins and Hailman amid ejectment suits, potentially affecting many owners and millions in value. A separate meeting notes planned real estate exchange activities and ongoing mortgage and market movements in Pittsburgh and beyond.
Minor shifts appeared in yesterday’s market as Philadelphia Gas and Electric rose slightly while miners drew more interest. NYC totals reached 902,157 shares with notable names including Atchison Lackawanna Louisville and Nashville Pacific Reading and Union Pacific among active issues.
Banking news reports show a favorable money market with interviews from fianciers indicating improving conditions. Checking activity remains moderate, allowing banks to build surpluses as collections ease, with a month lookahead suggesting continued improvement.
Oil traders push into firmer holding yet prices slip. Yesterday's business reached 13,000 barrels with 10,000 regular at 74 1/6 cents, 3,000 cash at Tage. Antwerp saw refined jumps while other markets held. Wilson & Co Eisner building quotes 78 cents on calls.
Miscite noisy OCR item notes National Transit Certificates opening 74540 highest 7043 clearances shipments barrels and carrying figures. Petroleum market opened steady then weakened and closed dull after West selling. Spot prices and totals partially garbled.
The New York stock market showed broad strength on January 2 with significant gains in Manhattan Union Pacific Wheeling and Lake Erie Lackawanna and Sugar Trust as traders cited the railroad conference in session here. Money eased and short coverings aided the advance while sugar rose over five percent aided by traditional manipulation patterns.
A dated, fragmented page lists stocks and securities including Philadelphia Stocks, Northern Pacific, and Erie holdings. It references Whitney Stephenson brokers at 57 Fourth Avenue and mentions exchanges in New York, Buffalo, and Philadelphia as well as various land and railroad interests for sale or trade.
List of mining stock quotations with company names and share prices including Amador Adams Consolidated Best and Belcher California and Virginia Eureka Consolidated Hale and Orcross Homestate Horn Silver Mexican Ontario Plymouth Sierra Nevada Standa Sutter Creek Union Consolidated and others with varying values.
Reports from East Liberty stock yards and markets in Cincinnati Chicago New York St Louis Omaha Indianapolis Buffalo Kansas City note steady or mixed prices, large cattle hog and sheep receipts, varied shipments and regional demand. Cattle hogs sheep prices show gentle moves with overall market activity and reach. Red hair comment and insurance note conclude page.
Boats Beotia and other traffic flowed past Wheeling with Beotia in transit to Pittsburg while the river measured five feet five inches and fell further. River conditions hinder coal trade as a strong eddy and clay deposits near the bridge foul the wharf despite some cleaning by the Wharf Master. A letter from George McCullough and Alex Henderson touring the South arrived yesterday.
The People's Store on Fifth Avenue slashes plain and printed pongees from 7 cents to 25 and clears printed foolards at 25 cents. Campbell & Die offer reduced comfortables and pillows to close at once. Other firms cut prices on harr fabrics and Haces.
Receipts of cereals are light while prices move unevenly. German cabbage appears at season’s high, apples slow due to cost, onions and butter show firm or declining shifts, and poultry remains in strong demand. Coffee movement quiet with overall trade modest. sugar advances anticipated tomorrow in line with East prices.
Report from the Grain Exchange notes 19 cars handled by Pittsburg Cincinnati and St Louis, with varied commodities including corn oats bran millfeed and barley. Prices for oats and corn strengthen with light recent activity and firm on the line as Western Pennsylvania Ohio and Chicago markets quote mixed track prices.
The list records diverse goods and prices including wheat, bacon, hams, lard, beef, pork, dried meats, and canned items. Items are tagged with unit measures such as barrels, pails, and tins, reflecting a broad market catalog. Names of products and price figures dominate the fragment.
Chicago and New York reports show wheat firm to steady, corn firm, oats rising, and hog prices advancing amid mixed futures. Kansas and Nebraska bullish signals accompany mild cash demand. bundles of pork and lard offer were active with notable packer sales while cotton and butter markets show varied firming trends across cities.
Wisconsin and Minnesota grain and livestock prices show oats, corn, and flour mixed with quiet trading. December to January futures listed for wheat and pork products. The section also notes stable North American grain benchmarks and a report by Fannie B. Ward about Peruvians skinning sheep alive in a forthcoming Dispatch feature.
Special Telegram from Cumberland reports a new Kaunawha and Elk River Railroad Company charter with $100,000 capital fully paid. David Ward of Detroit holds 1,496 shares and owns coal rich lands along the proposed line from Kanawha County polot to Sutton, aiming to connect with the Fairport and Pittsburg Railway.
Curcaco Jan 9 friction emerges between Nickel Plate and Chicago and Erie Railroad over second class fares. Nickel Plate offers second class passengers first class accommodations, effectively lowering first class rates. Chicago and Erie protests and warns Vanderbilt lines of possible action to safeguard its business.
Bank advertises location at 401 Smithfield Street at Fourth Avenue in Capital with deposits from $1 and up, $100000 surplus and $69000, interest 4 percent. Includes sales copy for Mrs Winston's Teething Syrup claiming gum relief for teething and headache relief.
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