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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jan 16, 1892
Page
3
Market conditions show steady demand and maintained prices for iron and steel, with a 50 cent rise in Bessemer ore. Buyers and sellers anticipate ongoing activity as 1891 starts strong, while futures deliveries remain cautious and supply aligns with current consumption.
Reports from Cincinnati on January 1 indicate little change in the trou trade. One or two large contracts closed while there is a flow of small orders in the West, with buyers cautious and speculative demand absent. Production remains steady with a slight potential rise needed to affect prices.
A damaged OCR fragment notes improved demand in car building linked to Lake Superior charcoal, with growth in production yet large quantities sold on old contracts.
In Dull Down in Dixie, January reports show iron producers keeping prices low to move product. Most furnaces operate at lean margins with expectations of continued large output amid weak demand. Some Southern mills halt for restocking, while others push forward with early delivery to reduce inventories.
Liggett Bros. sold 150,140 feet on Denniston avenue and Arabella street to Bell & Caldwell for 15,000 dollars, enabling three brick houses on each street. Wilkinsburg Edgewood Brushton propose a two mile brick sewer project to Monongahela river, costing 200,000 to 300,000 dollars with spring start. Property sales rise in Back Bay area as backward districts awaken real estate activity.
Nogers Brown and Merwin report a continued run of business centered on coke brands with charcoal in limited demand. Prices stay unchanged as stockpiles build while consumers expect heavier iron melting and possible price stiffening later, though no general rise is seen yet.
The week opened with light sales but ended with active trading for iron and foundry iron. Buyers are placing force orders and the feeling is improved with sufficient business ahead to keep large steel works busy for the next six months.
Market brief notes show mixed copper activity with moderation and steady exports. Domestic demand remains quiet while Strait routes show moderate movement and pricing. Commodities including tin and related goods show variable but overall stable trading conditions.
In a bold vision the dispatch proclaims cable and telegraphic links woven through every sphere of human activity, promising integrated communication that touches work, leisure, and society at large.
Prices for market basket staples show little change from last week with overall cautious trade. Poultry and meat items remain varied, butter remains overstocked with limited fancy stock, and fruits and vegetables drop to midwinter lows. Florists report steady funeral-decor demand as markets adjust to new supplies and lower costs.
The Northwestern flour trade shows a small weekly rise in output to 178 870 barrels with daily rate near 29 81, a gain from 173 259 barrels last week and 110 070 in the prior year. Demand for former products grows only slowly while exports fall short of expectations. shipments total 74 40 barrels versus 71 130 the week before.
Stock trading lacked vigor as buyers remained cautious and bids lagged. Pittsburg National Bank of Commerce hit a 30 high water mark. New York and Cleveland Gas Control rose to 445. Birmingham Traction advanced while other unlisted Tractions stayed steady. Dividends were debated rather than confirmed, with brokers noting speculative talk.
Market notes report steady turpentine and rosin prices with limited movement. Crude turpentine holds firm with hard and yellow dip at around 100 dollars and virgin near 190. Rosin shows strength at 110 to 116 with good strained varieties steady.
Coffee futures show mixed moves with quotes at 5 to 12.05 cents per pound for various delivery months. Trading activity lists 15,000 barrels and notes steady demand as markets await further signals.
The New York stock market sees rising professional dominance and subdued activity. Sugar drops from 85 to 60 with a rally, Lake Shore gains, New York Central falls sharply then recovers, and trading centers on St Paul Northwestern and railroad issues as overall volume shrinks.
Mining stock quotations listed for New York include Alice 40 Adams Consol solid 175 Aspen Belcher 140 Beat and Belcher 1 Crown Point 12 Consol Cal and Va 0 Devil wood 200 Eureka Consolidated 1 Gouldams Curry 100 Hoemestake 11K Horn Silver 875 Iron Silver 140 Mexican 1 Ontario 4300 Ophir 28 Plymouth 140 Savage 125 Sierra Nevada 1 Standard 10 Union Consolidated 125 Yellow Jacket 10.
In New York on January 16, bar silver values rose with the per ounce price improving amid market activity. Traders noted higher quotes and a stronger demand for the precious metal as the day progressed.
City banks reported a quiet and featureless business day with a large supply of funds. Calls for accommodations met at 6 percent as bank clearances reached 2,554,210.74 and related figures appeared. In New York, money on call stayed easy, rates ranging near 2 to 84 percent with close at 4.0 percent for the cheaper end and $4.82% for exchange, and bills around 4.913 for demand.
The snippet lists varied securities and entities such as Louisiana stamps, Northwestern and Missouri Gs, Tennessee notes, Pacific and West Shore lines, and West Erie M. lines. It appears as a fragmented market reel with many bond and stock abbreviations and prices, lacking coherent narrative or clear issuer details.
The article lists bank clearings and balances across cities including Chicago, New York, St. Louis, New Orleans, and Putnam. It notes exchange rates, premiums, and discounts with figures like New York Bank clearings at 125,010,509 and balances around 6 million plus, plus other city totals and rates.
Trade quiet on January 4 with no cattle shipped to New York. Cattle receipts total 6,500 with 5,50 head shipped, market firm across all grades. Hogs: 9 cars shipped to New York. hog receipts around 1,400, market dull and unchanged.
Market reports show mixed trade with cattle and hogs shipments across Chicago Kansas City St Louis and Omaha. Prices vary by grade with steady to firm trends for select lines and weaker tone for others.
Ohio fleeces steady at low prices while Michigan reports a 100000 pound sale. Territorial and western wools show steady demand with limited sales. Australian arrivals rise and foreign carpet wools remain dull. Receipts total 2500 pounds as market stays steady yet quiet in Philadelphia and New York.
New York on a stormy January 16 reports reduced demand and slower movement in the drygoods market. No changes or new features noted in the overall situation.
A Democratic delegation from St Paul and Minneapolis trips to Washington to press for hosting the National Democratic Convention in St Paul. Mayor Smith cites committee support to back the bid, while leader John Townley notes rival Monroe fears a strong fight but remains confident St Paul can prevail.
The report notes poultry supply catching up to demand with steady markets. Creamery butter and cheese are firm, potatoes show improved demand, and canned tomatoes and corn have advanced. Prices for tropical fruits are down, with vegetables largely dull and groceries quiet.
Prices for carload oats and flour move varied as reports cite improved corn quality and weak wheat. Oats range from No 2 white to mixed grades while barley, bran, middlings and hay prices are listed. futures reflect dull millfeed and quiet flour markets with slight declines.
A fragmentary OCR item lists various sugar cured hams and related products with misspelled terms and unclear items. No clear event, place, or date is discernible, leaving a jumbled catalog of terms such as sugar cured ham and boneless shoulder references.
Bob Burdette files humor in The Dis Patch tomorrow. He jokes about the desire for titles and recalls a prized coat he once invested in.
The Chicago wheat market falls sharply with continuous liquidation and discouraging cables. Corn and oats also drift lower while hogs and fats show limited strength. prices drift and close mixed amid weak overseas markets and panicky messages.
Rome is underwater and rivers rise in Alabama and Tombigbee. The Illinois Republican convention is named for Mart. Six Walesall Clay Anarchists are remanded for trial in London. Wisconsin ferrouiminder case to be tested in court. Cordero wins Ecuador presidential race. St Louis moves to unite against Cigarette Truré. France and Spain treaty talks collapse. South Dakota World’s Fair Commission sessions with funding expected. English Bishop of Chichester orders prayers for erip. San Mato chartered to carry coal to Chile for naval use. Ashforth extradition possible via habeas corpus. Remarkable ruins found in South Africa. Andrew D. White sues to bust a meat trust in Chicago. Metz & Co. assigns assets without preferential claims. Bank of London and Mexico earns 47 percent. dividend declared. A lamp accident at Mill Midh kills two children. Cleveland and Boies debated by J. J. Richardson. Ming How execution in Oregon bungled. Anarchists attack Borneo. attackers routed. City Club Burlesque Company in Crawfordsville. casualties predicted. Dan the male ostrich dies in Cincinnati. 300 diamonds found in ostrich’s stomach. John L. Sullivan joins Tacony brigade. public speech. Ohio and Big Sandy railroads sale to Chesapeake and Ohio nearly closed. John Redmond’s sanity to be judicially examined. Christopher Furness raises funds for famine relief by shipowners. Eastbound NJ Central freight train derailment near Claremont causes hours of delay. Arkansas Pass railroad strike tactics debated. Edison injunction against dividend on debenture bonds vacated. U.S. mail robbery at Batavia NY with missing pouches found later. Guthrie, Oklahoma debris reveals fraudulent Melone Brothers mortgage scheme. conspirators to face charges.
A report notes discovery of TGLITE T people on Earth by Fancie bb. Ward now travels for THE DI.PATCH toward the southern tip of South sumoeorica. Tomorrow’s issue promises details about Issac.
Commander Winslow of the torpedo boat Cushing has orders to proceed to Brooklyn Navy Yard and awaits favorable weather. Officers detail not yet reported. At the torpedo station, activity is high. The cotton factory runs near full capacity with orders to double shipments for Mare Island Navy Yard, totaling 20,000 pounds, to be partly spar torpedoes rather than bulk cotton.
Henry Corbin's body was found hanging from a tree in Oxford Ohio. An inquest returned a verdict that he died from a pistol shot fired by his own hand. Corbin had killed Mrs Horner and was hanged by citizens. his body was claimed by no one.
Martin M was arrested after demanding $5,060 from Judge Gresham stating it came from Ja Gould as sent by MecConnaha. He was declared insane today in Chicago.
A fragment notes Lloyd offering per cent interest on time deposits with figures 1,670 and 6t- for some bank or financial notice.
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