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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 18, 1892
Page
3
The Disrates dispute looms as unions press for better scale while manufacturers warn of possible shutdowns. Demand for steel billets holds firm, prices steady across Bessemer and Gray Forge, with widespread overstock and planned raises in some descriptions as mills weigh cuts.
The Iron Age reports London market reviews with iron warrants prices easing for Scotch and Cleveland. quantities in store shrink. Pig tin market remains active under strong American demand, with copper neglected and Tin plate stable. Be ssemers sold at 1 34 and tennes doubles at 2s 3d in Swansea.
Special report from Rogers Brown and Merwin notes no further changes in the commodities observed last week. Trading remains light for this season with furnaces holding to earlier orders. Consumers seek further reductions but settle for small discounts on quick deliveries as summer ends.
The Metal Markets in New York on June 1 note pig iron steady at 4 G16 3 and copper quiet at 11 HH 4, with lending inactive and tin easing in the Straits at 21 soget 1. The terse market update reflects small shifts and unchanged rates across bulk metals.
The note from Rogers Brown & Co. reports the market remains steady this week, aligning with several weeks of prior observations. The focus remains on the Southern market as conditions persist without change.
Traders report steady demand in limited markets with modest activity for extended deliveries. Analysts avoid speculation on iron prices and emphasize cautious optimism amid unclear future orders.
In Cincinnati on June 17 Rogers Brown & Co report strong inquiry for materials despite extreme heat. First half June sales were fair but below yearly average. orders of 500 to 1000 tons appear, with purchases in carloads for quick shipment. Coke iron stocks dip as production narrows to demand. Speculators wait for price increases while Lake Shore charcoals show varied pricing. A firm near Embreville garners attention for its new Embree foundry material using Scottish ore blends.
Cattle receipts total 1,155 head with shipments around 61 per head. market slow as all through consignments. No cattle shipped to New York today. Hog receipts near 1,500 head with 1,900 head shipments. market slow across all grades, prices about unchanged. Sheep receipts 700 head, shipments 600 head. market very dull across all grades with prices near unchanged.
Western and eastern markets list receipts for cattle hogs and sheep across cities like New York Chicago St. Louis Kansas City and Cincinnati. Prices vary by class with steers cows and bulls down slightly while hogs and lambs show modest gains and steady demand amid shipments and large headcounts.
Southbound watermelons and cantaloupes appear for the season yet remain pricey for shoppers. Strawberries and Southern raspberries top stalls while homegrown berries peak. Potatoes flow in from the south with lower prices, and tomatoes stay scarce and costly. Dairy prices hold steady with butter edging higher. Meat cuts show no major changes. vegetables and fruits fill stalls with wide variety and uneven pricing.
A Pittsburg investor eyeing Burgess property on Osgood Street plans to subdivide five acres into building lots amid rapid Northside growth. Nearby, Hoag, Schneider, Cress, Schonelmeyer and others advance multiple residences on Ellis, Perrysville, Federal, Linden and Mayfield plans as Nine permits issued for ten improvements totaling about 5900 dollars.
New York reports wool in demand and steady with emphasis on coarse wool. Receipts light in Philadelphia and Western markets. prices largely nominal for fine and medium fibers. Colorado, New Mexico, Texas and Montana listings show varied rates for washed combing and de laine, with notable activity in Ontario and Canada offerings.
Trading on a hot day shows several stocks advancing while most top issues hold ground. Notable moves include London Braxe United States Glass common and Citizens Insurance with gains, Philadelphia Gas softening and Luster improving. Market comments note favorable grain outlook and limited rail offerings with small first-call sales in Switch and Duquesne Traction.
The report notes a 50 bid for Standard Plate Glass at the afternoon session, Allegheny Valley Eastern extension 75 in Philadelphia at 127, and a small jet of stock scrip at 20 with bond scrip at 94. It mentions a 6 percent semi annual dividend for Taz Pennsylvanian Warehousing and Safe Deposit Company payable June 30, plus bids for Birmingham Traction and Manchester. A bridge contract over Jack's Tin was let, costing about 90000, enabling a direct Pleasant Valley to Bellevue route. The Chicago Board of Trade quotations will be sent to Western Union on June 28 and crain tickets depend on the anti option bill in the Senate.
The New York market opened narrow with only three active stocks St Paul Distillers and New England as bears pressed Northern Pacific preferred weak to midday. Buying for the long account later lifted most active issues to day’s highs. total stocks sold 218686 shares, with 203574 listed and 14813 unlisted, while bonds remained quiet.
Bar silver in London quoted at 40 5/? per ounce. New York dealers price shows a 5 cent lower rate at 8 per ounce.
Local money market shows little change in yesterday’s activity with small loans to cover emergencies. Clearing House operations run at a liberal pace. New York gold export demand totals about 7.1 million for the week while call money remains easy and prime mercantile paper holds near six percent.
The item lists bond quotations and financial metrics from various issuers including Northern Pacific and Missouri issues, with figures for bank clearings and money rates. It notes exchange premiums in New York and holiday status for bank clearings, providing balances and totals for multiple institutions and markets.
The Home Markets section notes plentiful melons with slight price relief and rising demand for lemons amid hot weather. Cheese and country butter show weak demand. creamery butter prices firm. Watermelons and cantaloupes emerge as dominant items with prices trending lower. strawberries and berries vary by box. Sugar and groceries move at steady to firmer tones as fruit season advances.
Grain Exchange bulletins show 8 cars oats 3 hay 6 flour from Pittsburg Cincinnati and St Louis lines, 9 cars and 1 hay from Pittsburg Ft Wayne and Chicago. Despite light cereal receipts, corn remains firm. oats price 5 cents below recent highs. Millfeed and hay weaker. various prices listed for oats, rye, bran, and flour. Provisions include assorted sugar cured hams and bacons.
A volatile session in Chicago pits corn futures down after early gains as July corn slips 1/2 cent, wheat eases and oats follow. Traders cite rising receipts and weak demand as the Hatch bill chatter limits buying. prices close lower in July and September while grain markets edge down overall.
The notice shows fluctuating prices across yolk eggs, pork, lard, bacon, and cereals with declines in eggs and rye while wheat and corn display both gains and softening. Regional markets in Minneapolis Kansas City Toledo report No 1 hard and Northern wheat at varying cents, corn and oats price shifts, and mixed barley figures.
Savannah and Galey lead at 2 percent tax on rosin firm around 106 1 10. New York rosin and turpentine show quiet steady trading. Tariff terms and shipper notes indicate U S markets for spirits of turpentine and various rosin grades remain firm with strained and virgin varieties priced near 160 dollars per arpent.
Coffee dull at Rio with fair Rio grades in Ioe. New York coffee options opened steady and closed steady with minor gains. Trading shows 15 230 bags, with June at 1190c, July 11.70, August 1700, September 11.70, November 1165, December 11.70. Spot Rio nominal No 7 at 127 1/2 cents.
Ottawa reports MP Gordon says anti Chinese bill soon before Parliament. He notes hundreds of Chinese head to the West Indies via the Canadian Pacific Railway, predicting local agitation against the importation trade will arise within months. Gordon also disputes claims of widespread smuggling from British Columbia into the United States.
Ed Alson a Norwegian merchant dies of leprosy at Northfield Minnesota Ex County Clerk Dunlap of Paxton Illinois found to have misappropriated thirteen thousand five hundred thirty one dollars and is missing A stage robbery on a Junction Crow reservation to Mussel Shell Montana route Otto Prager the young reporter reaches Durango and later departs toward Martian Elks at Buffalo decide to keep purple as the color and forbid Sunday gatherings A group including Thomas Weller A W Marsh and Harvey McCarthy are arrested in San Diego on kidnapping and conspiracy charges A Chicago bound train reports a bound ticket agent bound and gagged during a daylight burglary in Orleans Kentucky A Cleveland drowning case involves Mabel DeQuincy and Mabel Whalen in a chloroform aided tragedy with questions about the victim’s identity and background.
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