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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 04, 1892
Page
3
The iron trade shows a firmer undertone with demand rising for standard descriptions and no decline in raw iron since the last report. Buyers seek one or two large blocks of soft billet to cut a sizable hole in 49,000 tons, while southern iron remains a disturbing factor competing with northern output.
Prices in the Birmingham pig iron market are nominal with little demand. Iron masters keep output steady for months, with a few mines shut down for maintenance. Officials claim continued profits despite low prices, noting floating costs paid off and firms holding firm prices around 12.
The Stererotypid Report of Condition of Trade from Chicago notes coalitions still govern markets this week. Buyers hold back as prices seem unlikely to fall, with consumers delaying purchases while sellers defer further reductions. No major changes reported in the post.
Residual talk centers on furnaces and Lake Superior charcoal prices. Some hullers forecast prices will hold steady near current rates while others expect no sharper drops. Many are negotiating running contracts at standard market quotations despite softer sentiment.
Cincinnati dealers report more inquiry in agricultural implement lines with some large transactions but overall small orders. Prices firm on Southern and Northern brands as buyers push for concessions. Weather and crop damage create mixed signals while money remains easy, aiding industrial securities and reorganization talk, including Barney & Smith Car Company.
St Louis markets report Furnaces stay firm and refuse midyear delivery at any price. Hood in the Mississippi river area has caused two quiet weeks, leaving demand subdued and orders scarce for the balance of the year.
Rogers Brown & Co report demand remains limited with only two small, freely net requests. The market is steady with orders for early shipment at previous prices, indicating no change in the overall situation.
Cattle receipts reach 1 020 head with 13 car shipments to New Pork and no market activity on consignments. Hogs receipts 2 590 head with 1 900 head shipped. market slow across all grades. Sheep receipts 900 head. market slow and unchanged amid ongoing shipments to New York.
Receipts total in the thousands for cattle hogs sheep and lambs across Chicago Cincinnati Des Moines and other centers. Cattle steady to strong with one market showing higher bids for steers. hogs mixed to steady with some declines. sheep and lambs active and firm in parts while dull in others. Prices quoted per 100 pounds and per head vary by region and class.
Market reports indicate steady to firm prices across turpentine and rosin grades. Prices noted include turpentine around 11 to 13 dollars and rosin near 21 to 26 cents per unit, with mixed spirits and dip varieties described as steady or firm in New York and related markets.
A fragmented report shows fluctuating coffer options in New York with varied movements across June July and September. Details mention terms like Tir AiG Lo mee and several price hints though many words are uncertain.
The market report notes iron steady at a high level with American prices around 14,739 and copper dull near 11,701. Tin is strong in the Straits market with a quoted 21 790, while domestic demand remains quiet.
The city fund for Mayor Gourley’s Fourth of July celebration received yesterday gifts from Pitteborg and Duquesne Traction Companies £500 Singer Nimick & Co £25 A Garrison Foundry Company $25 G W Schmidt £25 A M Byers & Co £25 Demmler Bros £10 John Herman £10 George Heineman $10 L Ruppel $10 M M Frey £5 Charles Drum $5 Thomas Nutridge $10 In Adirondacks fishing tale reported in The Dispatch.
Real estate transaction notes Frank Bissell securing the Imhoff property along Penn Avenue. The move formalizes control of a key parcel in the city’s realty activity, signaling continued development along Penn Avenue corridor.
The penn and Dallas avenue corner sale for $55,000 to East End hotelman Mr Wilson caps a string of deals from Penn and East End avenues to Shadyside and Wilkinsburg. Other transactions include a 45,000 home sale to a U P Church ladies group and a 50,000 Imhoff property purchase near Linden, with growth focused on Diamond Street widening plans and local broker activity.
Stocks mixed with notable gains for M. and M. National Bank after the death of Robert Anderson boosted its shares by 3. Iron City National Bank benefited similarly from a secured life policy. Airbrake rose toward 120 as quarterly dividends approach, while Pleasant Valley weakened on reported manipulation and lack of support.
The June 3 market closed with a firm undertone despite bears pressing Burlington and New England. Reading and St Paul showed early animation while Distillers touched 50 before easing. overall volume totaled 1,732,000 with lists led by Atchison Chicago Gas Erie Louisville and Nashville Reading and St Paul.
The June 3 quotations list multiple brokers and mine listings. Best & Belcher at 195, Consolidated California and Virginia at 30, Deadwood 205, Eureka Consolidated 150, Gould & Carey 109, Horn Silver 333, Mexican 0, Ophir 980, Union Consolidated 100. The report shows varied prices for mining shares across numerous companies.
Quotations show special bar silver in London at 853.0 per ounce, and New York dealers listing silver at 853.0 per ounce. Local market activity indicates steady demand for precious metals amid price comparisons.
No new features observed in the local money market yesterday. Demand for accommodations remained fair and rates stayed at 66 percent as the ox-
A cashier notes satisfactory seasonal business with idle money and solid obligations. New York money ease at 11 percent, last loan closed. Clearing houses report large sums and varied balances across cities, with money generally dull and exchange premiums noted. Bond quotes from numerous issuers appear with mixed performance and regional clearings show activity and contrasts.
The June 3 market note shows dairy and country butter weak, eggs firm, oats steady or rising, and fruits like strawberries in good supply with improving quality. Potatoes drift lower as new stock arrives. tropical fruits stay firm and various vegetables and canned goods list price ranges amid generally slow trading.
Dull markets with slower milifeed and lower prices. Hay is lightly supplied but ample for demand. ear corn remains very scarce and market prices reflect limited supply. Dealers list various corn and shelled products with mixed quality and unit prices, alongside rough figures for flour and middlings.
Market summaries show flour and wheat buoyant in Milwaukee with No 2 sprint oats and barley firm. Duluth and Kansas City report mixed grain prices, weak wheat, firm corn, and steady rye with various no 1 hard and cash figures mentioned.
The market basket records lower prices for butter eggs and berries amid abundant supply. Country butter sells as low as 10 cents per pound while creamery butter remains around five to six cents. Strawberries and other fruits drop to their seasonally low levels as Old and new potatoes shift downward.
A volatile session in Chicago wheat futures sees a near three cent move as Pardridge and shorts clash, with rumors of covert buying and a squeeze in wheat and corn. Traders react to limited grain supply, bull sentiment from St. Louis, and a volatile mix across corn, oats, and pork margins.
Text describes dull wool trade with small lots moving, large mills paused buying, receipts of 13,000 pounds shipped, prices varying by grade. Regional notes cover Philadelphia and New York markets with remarks on medium to fine grades and washed delaines, including Colorado, New Mexican, and Texan fibers.
New York on June 2 reports trade in dry goods showing a steadier tone and brighter mood among buyers amid improving industry outlooks.
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