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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jun 25, 1892
Page
3
Labor tension grips Shenango and Mahoning Valley iron trade with rumors of strike provisions in contracts and Western plants seeking clauses. Eastern dealers warn of unsatisfactory conditions, price volatility, and output shifts as buyers source orders elsewhere while rails and Bessemer billets show active demand and rising rail orders.
The text reports a strong buying surge in Cincinnati Thon, with orders in the last week surpassing any previous period. Estimated to reach over 20,000 tons for the year, this activity stems from agricultural implement makers and is distributed mainly to Southern coke fronts, Ohio and Lake Superior charcoal. Competition among iron buyers remains intense, with prices adjusted downward slightly, and many expect the market to remain unsettled with favorable conditions for late year orders.
Rogers Brown and Meacham report no new developments in the local market for the past week. Purchases for current needs continue moderately at current prices, while buyers delay for better terms, fearing future declines. Furnaces resist concessions, buying only as required and demanding swift, early delivery on any orders.
The labor question must be settled before a large buying movement. Mill men are the main interested party, but it affects buyers and foundry transportene near Pittsburg. If an amicable arrangement is reached on June 3, iron and steel business may improve. Steel scarcity for early delivery exists, with prices not under $23 in Pittsburg or Wheeling.
In Birmingham Alabama on June 24 the iron market shows no change as production remains heavy and stocks are large. Prices have fallen to new lows while activity centers on coal miners signing a venue. The Tennessee Coal and Iron Company mines report 45 cents per ton, with prices drifting as the iron scale tightens.
Rogers, Brown and Merwin report a modest uptick in demand since the last page. Northern and Southern coke iron markets show fair business and orders focus on early needs. Some buyers cover season requirements while Lake Superior char coal holding remains unchanged.
Domestic prices and market notes appear unclear with fragmented terms. Key items mention domestic goods with a price near 406 and several unreadable fragments. The text lacks coherent events or identifiable entities to form a solid summary.
New York stockyards report varied receipts with cattle and beef prices mixed across regions. Texas steers and native cattle show gains while hogs and lambs hold firm or fall mildly. Chicago and Cincinnati markets reflect stronger hogs and mixed cattle activity with steady to higher trends. Kansas City and Buffalo show slow selling and firm or higher hogs and mixed sheep demand.
New York wool markets show steady quiet demand with prices around 26 to 42 1 2 cents. Receipts in St Louis total 377 000 pounds with notable activity in medium and coarse wools. Western regions like Michigan Indiana and Western states report mixed grades, while Montana and neighboring territories list prices for unwashed combing and detained wools.
June le hons hold stable near 54 15 while July August and September futures show modest gains or steady levels. Rio cargo activity remains soft with dull spot markets and prices around 11 70 for August, 11 65 for September, and 11 70 for another June contract as New Orleans reports cargoes subdued and prices firm at nearby bids amid light sales.
Turpentine markets in New York show rosins steady and quiet while terpentine stays firm at weta with traders keeping a cautious stance. The report emphasizes subdued activity in the Rosin and Terpentine sectors as prices hold and demand remains muted.
Washington June 4 By direction of the President the retirement from active service on this date by operation of law of Brigadier General John C Kelton Adjutant General of the Army under the provisions of the act of June 30 1882 is announced The Secretary of War in transmitting the order is in glowing terms of General Keltons 40 years of service Major Lewis C Overman Corps of Engineers U S A who was recently tried by court martial at Cleveland for alleged in his account has tendered his resignation and it has been accepted Need President to take effect September 20 next
East Liberty sees strong demand for hub district property with prices kept high. W. A. Herron & Sons leased a Seventh Street building to an Eastern firm for long term use as a furniture and installment house, while other developments include 100 by 200 foot sale on Center avenue for 11 000 and multiple new homes planned in North Highland and Wilkinsburg areas.
Fragmentary OCR reads a place related to Neonal Ovo Saece Aftalo in New York with Pilla and High Valley, and Philadelphia and Erie mentioned. readable details insufficient to identify event or entities.
Trading was fair with a narrow range as street railways again led the market. Pleasant Valley rose to the day’s high, Manchester and Duquesne held ground, Birmingham weakened slightly after a dividend decision. Gas and rail stock listings showed mixed calls with several bids and asks noted for Pleasant Valley, Manchester, and Duquesne.
New York stock market remains narrow and dull with professionals driving most moves. Railroads show improved earnings while coal and bituminous rivals push for better results. Manhattans drop marks, Louisville and Nashville slip, New England up modestly amid mixed activity. Total stock sales reach 211,519 shares with bonds mostly steady to weak.
June stock quotations list and minor notes from New York exchanges. Mentions miners and metals names with values such as silver price around 84 cents and various stock symbols like Best & Belcher Consolidated California. Unclear fragments reference Deadwood and Sureka Consoli.
Apathy in the loan department and ample funds marked yesterday's local money market. Rates hovered around 5 6 percent while bank clearings reached $2,450 and balances stood at $345,168.02. The Mint director reported worldwide money totals with gold at 3,056,885,000 and silver at 3,044,700,000, noting France leads and the U.S. second. A New York commentary attributed slight shifts in money markets to large gold shipments, with easy money on call and frail borrower sentiment. Exchange rates and bond quotations across several cities were listed, showing varied bank clearings and balances, with money generally steady around 6 percent and premiums on New York exchange.
The home markets report heavy supplies of watermelons with lower quotations, while corn oats and wheat show mixed movement. Strawberries are scarce and priced 3 to 8 cents per box, raspberries rising, and new potatoes and sweet potatoes appearing. numerous fruits and groceries are listed with varied prices and imports continuing.
Market bulletins detail corn shipments by rail lines totaling eight cars with mixed oats wheat hay bran and feed, plus various oats and hay car counts from lines including Pittsburg Fort Wayne and Chicago and Baltimore and Ohio. Prices show corn remains strong, oats and hay steady, wheat flour and feed quiet, with limited grade listings and on track quotations.
Chicago heavy rain spooks speculators as prices wobble across grains and provisions. Wheat and oats near last night levels with mixed futures, corn steady, cash markets uneven, and anti option talk fading as traders gauge signals from telegraph reports.
A crowded market report lists brokered prices for pork and bacon futures, bulk meats, eggs, and wheat across multiple cities. It notes steady to firm conditions in futures for corn and oats, with wheat softening in some markets. dairy products show Pennsylvania creamery and print extras at varying cents.
Weekly Diamond Market report notes quiet trade with peak strawberry missed by some. Raspberries rise, new South sweet potatoes and squash arrive, watermelons and cantaloupes plentiful with lower prices, dairy unchanged, butter firm, poultry scarce and rising, first roasting cars on sale. Prices for fruits vegetables and meats listed with numerous named items and per unit costs.
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