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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 14, 1890
Page
3
TRON TRADE REVIEW notes a steady tone in iron and steel markets with Bessemer irons active and prices holding. Traders report healthy business, gradual trade growth, and improved demand for bars and billets while nails and related products stay steady amid a slack year.
Stock taking boosts expectations of steadier markets in the exsters. pig iron and finished iron demand remains buoyant. Prices for rail, sheet, and other weights hold firm with rails selling around 55 per ton and other products varying amid light purchases and active inquiries from Demetge and Sheer for Satan No.1 foundry iron.
June 13 report shows strong iron demand with nearly 14000 tons ordered for June delivery. Prices rise as furnaces with stock push for 50 cent advances on No 1 and No 2 foundry iron. several firms expect further hikes and deliveries span up to 80 days.
Curcaco Jane Rogers Brown & Co report strong demand across Chicago and the Northwest with record booked tonnage for pig iron and related products. Lake Superior charcoal, local coke irons, and Southern irons lead orders as prices show slight firmness amid ample supply. rails and wheels rise while foundry materials stay buoyant.
The week saw quieter activity but solid business from malleable iron makers, car works, and agricultural implement shops. Demand for superior charcoal iron remained strong, with large purchases and price resistance at about 50 cents per ton advance as furnaces in the South were largely sold up.
A minister questions a horse jockey about his professional ties. The jockey replies he serves the Americas Track Society, outlining his role within the organization.
A governor's proclamation declares bars will be closed or restricted. A counter proclamation from the bartender challenges the measure and questions enforcement and legality.
Chicago reports steady wheat with an opening up 4 cents, later firming about 10 cents. Corn and oats stay largely local and quiet with minor gains, hog products active but not sustaining outside prices. Cash quotes show mixed grain strength, with soybeans and lard and butter steady to firm in several markets.
The Ohio River at Davis Island dam rose to five feet yesterday evening as river traffic remained active with tows including coal moving downstream. Rivermen expect a modest June rise despite calm, clear weather and steady business all day.
The dispatch lists vessels and captains in Cincinnati harbor with arrivals and departures. The Andes and Scotia sail for Pittsburg and Cincinnati routes are noted, coal markets and river prices discussed, plus new steamers and ongoing carpentry work on ships and docks.
In a discussion on street pavements, Thomas Liggett condemns stone and asphalt in favor of brick noting lower cost and durability. He cites examples from Butler to Cleveland and argues brick outperforms older materials, urging city authorities to adopt brick on residential streets despite opposition.
The day opened weak with cash trading modest but improved in the afternoon as investors returned. Wheeling and Lake Erie, Central Traction, and Electric posted fractional gains while most issues held steady. total New York stock sales reached 219 681 shares with varied prices for Atchison Delaware Lackawanna and Western Missouri Pacific Northern Pacific Oregon Short Line and others.
Bank clearings fell slightly from the previous day yet maintained strong trade activity with exchanges at 2,251,767.88 and balances near 993,109.32. Money demand was fair and easy, with New York on call funds steady, while various bond quotes and foreign exchange rates reflected a cautious market.
Old brokers discuss a future without stock certificates as Lima oil is listed and production sustains the market for a year or two. They warn the end of oil speculation is near while oil plays, like Robella and Emsworth, show drilling activity and improving prospects at Straw well and Keystone farm.
Fragmentary OCR shows rates and clearances with barrels, ships and shipments figures. Mentions New York, June opening, spot steadiness, and firm options with mixed pricing. overall market tone is volatile with several listed totals and closures.
New York June 18 The stock market was dull with slight early gains turning weak and sliding to low levels. Bullish forenoon buying by commission houses kept traders steady before rumors of German market trouble and a suggested $1,000,000 gold shipment to the continent pressured prices.
The market closes weak with railroad and allied issues showing little movement after a day of rumors about Baltimore and Ohio control. Susquehanna and Norfolk and Western rise modestly while coal and sugar stocks lag. Analysts note scant trading and occasional spikes in Reading and Jersey Central that fail to alter the broad tone.
Fragmented OCR notes mention Tamarack 8 Old Colony, Rutland, West End Land Co, Sell Telephone, Centennial Mining, Lainson Stores. Appears to list firms and property interests in a regional development context with no clear narrative.
Closing quotes from Philadelphia stocks furnished by Piney and Stephenson brokers at No 1 Fourth Avenue New York Stock Exchange. Buffalo Pittsburgh and Western and Lehigh Valley lines appear with entries. Northern Pacific and other lines show at sites with sparse data and inconsistent spacing.
Cattle receipts 481 head. market dull with no cattle shipped to New York today. Hog receipts 2,400 head. market steady with medium and select grades. Three cars of hogs shipped to New York today. Sheep and lambs 200 head. market quiet with nothing moving.
New York and Chicago market reports show mixed cattle and hog receipts with steady to lower prices and light demand. Chicago hogs remain strong though slightly lower. St Louis and other lines report active cattle and steady sheep with varied stocker and feeder values.
June 13 reports brisk sales of cotton fabrics and shirtings with good demand for wide sheeting corset catteens and related items. Brown cottons rise in demand from exporters and converters while four yard sheetings and drills remain scarce. An assignee sale of 2,000 satinets yields better prices, signaling improving woolens sentiment.
Market report notes scarce Swiss style cheeses and firm prices for the season. Cereal demand dull and sugars very firm. fruit supplies vary with strawberries tightening while oranges lemons peaches and apricots show strength. Eggs steady. tropical fruit lines weaker with rising prices in some items. thorough listing of dairy, poultry, meat, and produce prices included.
Trade remains active with prices rising for West Coast and South American coffees. Background markets show strong demand for green coffee and a wide range of staples including molasses, starch, canned goods, dried fruits, nuts, and fats, signaling robust urban retail activity.
Receipts bulletined include 12 oats 1 hay 1 corn 1 wheat for Pittsburg Cincinnati St Louis line and 4 oats 1 straw 1 malt 1 feed 1 rye 1 earcorn 3 flour for Pittsburg Ft Wayne Chicago. By Pittsburg Lake Erie 1 rye. Market tone toward lower levels with earcorn very weak and flour quiet after late decline. Prices are for carload lots on track and cover No 2 red No 2 yellow corn oats rye and other grain items with various price quotes.
A fragmented OCR listing sugar cured hams and bacon in multiple sizes and forms from Sacanenca California. It references dried beef flats and cots, salt clear sides, mess pork and half barrels of various pork products with prices and packaging terms.
Market report notes home grown strawberries at peak quality and plentiful supply for about a week. Cauliflower peas and peaches arrive on stalls with strong demand, while dollar quotes cover meats garden produce and ocean products with varied prices across staples and fruits.
A quiet week in wool markets with overall sales around pe 000 pounds. Ohio and Michigan fleece lots sold small quantities at varying prices, including delaine and fine wool. California and Texas reports show short and long staple prices, while Portland and Oregon offerings remain dull. Foreign carpet wools remain steady with moderate demand for upwashed fleeces and washed delaines.
In Hillabee Alabama near Cleburne county villagers report the Haunted Church where, twenty years after a tornado toppled a log Hardshell church, spirits rise from nearby graves and sing hymns. The ruined church was never rebuilt.
Marblehead native Sam Roads rose to Massachusetts Senate while a boyhood friend lured him with a phantom stock scheme from Boston inventor Bell. The scheme promised stock for $500 to gain a future fortune via long distance talk. Roads never invested and recalls the tale with regret, tears rising at every telephone stock quote.
Thomas Colsgrove of Burlington New Jersey and his cousin William Colagrove of Philadelphia traveled to visit an uncle in the Upper Peninsula. They reached Sadoan in Ootonagon County and, after changing cars, were forced to stay overnight at a rough boarding house. Thames was given a room to and the other boarders taking him for a tender foot.
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