Iron Trade Review Outlook Bright Amid Uncertain Market
The market shows rising inquiries and larger weekly sales at Western centers, with one broker noting 800 tons in a day or two. Buyers hesitate at current prices, sellers resist concessions, and a near term revival is expected. Speculative booms last fall caused distortion, now prices trend down temporarily as speculators unload. Industry expects a year of active iron and steel demand as upward movement resumes with stronger buying and prices. Quotations follow from leading dealers.
MENTIONED IN THIS ARTICLE
Inte
Market jitters as freight rates eyed to loosen iron prices
March 7 report notes no concessions on pig iron unless ore coal labor or freights fall first. Freight reductions expected after Great Lakes navigation opens in ten days. Cambria Iron expands to Cumberland Maryland, operations to start next month after two years idle. Prices listed for pig iron and related products, with structural mill activity steady and currents in steel markets described.
MENTIONED IN THIS ARTICLE
Psiladflrhta
Fig
Great Lakes
Cambria Iron Company
Johnstown
Baltimore and Ohio Railroad Company
E.lo Torsell
Iron and coal quotations steady amid rising freight rates
Western markets report steady iron and coke prices with outside lots meeting demand from small consumers. An 15 cent per ton freight increase from the South begins March 11 and is expected to be borne by sellers. Quotations reflect cash trades and varying furnace offerings across Southern coke and charcoal grades.
MENTIONED IN THIS ARTICLE
R. Louis
Weasney
Missouri
Lake Rete
Fasses
Southern
Astrakpeessé
Connellsville Foundry Coke
St. Llous
Compromise Pressure Bids Rise in Iron Market
In Cincinnati March 7 Rogers Brown & Co report that after two months of quiet price wrangling between iron buyers and producers a more active market on a compromise basis is developing. Southern furnaces offer concessions to buyers while inquiries from buyers grow, signaling potential deals soon. Southern prices remain higher than Northern iron at lake points despite last cuts.
MENTIONED IN THIS ARTICLE
Cincinsati
Rogers, Brown & Co
Inet
Another Buying Movement Probable
Chicago based Rogers Brown & Co notes tentative signs of another buying movement at week end. Indications suggest possible price support if demand remains steady, with foundries and car shops watching consumption carefully as local furnaces report taking orders.
MENTIONED IN THIS ARTICLE
Chicago
Rogers, Brown & Co
New York Prices Hold Steady in Market Report
Domestic pig iron and copper remain subdued with little change. Lead stays firm at 3.74 per unit while tin holds around 29.60 as March readings note quiet activity and stable quotes.
MENTIONED IN THIS ARTICLE
New York
Ane
Market Report Notes Weak Demand and Steady Trends
A report indicates steady market conditions with firm overall tone and limited buyer advantage. Demand for replevishments shows improvement at agents’ hands, while cotton goods see broader, more even inquiry and attention to descriptions.
Markets by Wire Hog Products Report
Chicago wheat and corn trade remains narrow with local activity and small outside orders. Prices fluctuate through the session with no strong news and bids steady to lower. futures show modest moves while pork and lard mark minor shifts in a light overall market.
MENTIONED IN THIS ARTICLE
Chicago
New York
Kentucky
Harley
New Orleans
Jane
Ee Amand
Western Dairy
Do Creamery
Elgin
Western
Philadelphia
Iain J
Norarions
TaNgaTee St. Louris
Dana
Minnesota
Ste
Best
Toll
Mtéc
Wise
ToLepo
Wool Sales Pace Sluggish in Territory Markets
Wool trade shows weak demand with large Territory sales of 700,000 pounds and prices flat. Washed fleeces fall behind while domestic stocks edge toward bottom. Ohio and Michigan delaine prices vary with small local sales and limited activity across regions.
MENTIONED IN THIS ARTICLE
BosTrox
Texas
California
Oregon
Ohio
Commission 18 McKee and Hagan Move to New Office
The firm Commission 18 McKee and Hagan operates at 111 Fourth Ave buying selling stocks grain and oil on margin or cash. It will move to 108 Fourth Ave on April 1. Us Beer leads due to merlin Seley hone 1166.
MENTIONED IN THIS ARTICLE
McKee & Hagan
Fourth Ave
de Merlin Seley Hone
Real Estate Boom Signals Activity in East End Markets
A brisk real estate wave hits the East End with seven Coltart square homes sold by W. A. Herron & Sons and 15 sales by a Fourth avenue firm since March. Edgewood holds its first election with a planned schoolhouse cost about 20000, roads needing attention, and a downslope tax plan. Meanwhile, a downtown hunt for business property edges forward with options on Penn and Liberty streets as developers organize a syndicate.
MENTIONED IN THIS ARTICLE
East End
Coltart Square
Oakland
W. A. Herron & Sons
Fourth Avenue
Edgewood
Penn and Liberty
Local securities report shows broad strength in markets
The daily market summary notes broad advances across sectors with improvements in Allegheny Heating and gas utilities. Trading activity featured gains in Philadelphia Gas and Pittsburgh traction stocks with notable turnover in Electric and Luster. Major railroad issues and utilities posted firm quotes as investors await clearer price signals.
MENTIONED IN THIS ARTICLE
Met
Allegheny Heating
Real estate transfers and sales in the city and suburbs
Listings show multiple property deals led by Lindon Clad Sires and G. J. Fleming & Co with purchases by A. T. Deathett Esq and Geo. W. Smith. Dwellings, lots on Craig street Bellefield and Baird, Filmore street, and Scott street Pittsburgh change hands for thousands of dollars. Mortgages and new offerings also noted along Linden avenue and Madison street.
MENTIONED IN THIS ARTICLE
G. J. Fleming & Co
Fourth Avenue
Craig Street
Bellefeld
Forbes Avenue
A. T. Deathett, Esq
Porter Foundry and Machine Company
J. Fleming
Wim. J. Fullerton
Mr. Douthett
Bairdan
Filmore Street
Geo. W. Smith
Pearl . Savings Bank
Sareh Avery
Allegheny City
Church Avenue
C. Beringer & Son
David H. Miser
Samuel Rosenberr
Scott Street
Pittsburg
Crafton
Avenue
Linden
Cinb
Groupe
Linden Avenue
Mead Tree Boulevard
Madison Street
W. A. Herron
Coltart Square
Eeake
Dickie Okie
Beymer
Steady Money Market Reflects Brisk Counter Business
The local money market remained steady with moderate demand for discounts and rates steady at 6 to short and long loans. Currency slight premium to exchange. bank clearings positive. Money on call in New York easy 2 to 6 percent, prime mercantile paper 5?7. Sterling quiet at 82 for 0 day bills and 486 for demand. Closing bond quotations show mixed Treasury and corporate issues.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Fragmentary Financial Totals Include Bullion and Balances
The report shows scattered figures for balances and clearings including Boston and Philadelphia totals, with entries like $90,081,168 balances and $12,640,884 balances. It notes bullion entering the Bank of England at £7000 and bar silver at 44d per ounce with varied balances in London and other centers.
MENTIONED IN THIS ARTICLE
Boston
Bank of England
Oil market shows steady gain with high activity
Oil opened steady and rose to 0 5 as dealers noted strong demand led by Pittsburg buyers while Bradford sold. Production struggles to meet consumption with key gushers easing yet still delivering about 4450 barrels daily. Notable wells include Hundred-Foot Owl 100 bbl/hr and Gilbert No 4 400 bbls daily.
MENTIONED IN THIS ARTICLE
Pittsburg
Bradford
Hundredfoot
Owl Company
Wood & Young's
Lockwood & Co
Brown & Fisher
Hovis&Co
J. W. Brandon Farm
A. Anderson
Hoffman & McLain
Sheffield
Gilbert Oil Company
Horton, Crary & Co
Petroleum market across Bradford Om City New York closes
Bradford and Om City reports show petroleum prices opening at 047c to 83igc with highs near 95c and late closes around 34c. New York trading opened at 43c with a steady close and total daily sales around 307000 barrels.
MENTIONED IN THIS ARTICLE
Bradford
Petroleum
Mic
Om Crry
New York
Stock Exchange
Higc
Consolidated Exchange
Igc
Wall Street Sharpens Upward Tilt Amid Market Advance
New York traders reported a stronger market with broad gains across departments aided by improved monetary conditions. Bond purchases by the Treasury and tighter loaning rates pushed shorts to cover, lifting readings in Reading and Grangers while Sugar Refineries rumors faded. The day saw notable advances in Cleveland and Cincinnati lines along with St Louis and Rock Island, as railroad shares and bonds stayed active despite a possible reserve drop hinted by the bank statement.
MENTIONED IN THIS ARTICLE
New Yor
Treasury
Bears
Shorts
Reading
Commson
Tisr
Philadelphia
Cleveland
Columbus
Cincinnati
St. Louis
Wheeling
Lake Erie
Ohio Southern
the Post
Morrow
Market Confidence Hopes To Keep Money Flow Stable
The article notes that foreign exchange and Treasury bond purchases should prevent money tightness next month. It argues that removing money-stringency fears could force short sellers to cover and lift stock prices, with NYSE prices listed and various securities tracked by Whitney & Stephenson.
MENTIONED IN THIS ARTICLE
Foreign Exchange
Treasury
New York Stock Exchange
Whitney & Stephenson
Pittsburg
Fourth Avenue
Mining Quotations From New York March 7
A fragmentary mining quotient list includes Caledonia B H 190 Alice 120 Consolidated California and Virginia 425 Commonwealth 300 Comstock T bid 30.00 Comstock T scrip 900 Deadwood T M5 El Cristo 195 Freeland 110 ond 700 Horn Silver 290 Ontario
MENTIONED IN THIS ARTICLE
New Yorke
Caledonia B. H
Alice
Consolidated California
Virginia
Commonwealth
Comstock T. Bid
Comstock T. Scrip
Deadwood T
Live Stock Markets Report March 7 1810
Cattle receipts 1742 head with 1460 head shipped, market quiet with no cattle to New York today. Hoofs receipts 2400 head, 2000 shipped, market active for medium and selected cattle at $435 445. Sheep receipts 1200 head with 1000 shipped, market firm at unchanged prices. Six cars of pine logs to New York today.
MENTIONED IN THIS ARTICLE
New York
Cattle and Beef Markets Across Cities Report Stagnant Trading
Receipts from New York Breeves Receinte St. Louis Chicago and Kansas City show limited trading and steady to weak prices. Steers common to fair quoted around 400 per 100 pounds with bulls and cows near 150 to 325, hogs around 3.50 to 4.0, sheep 5.0 to 6.3 per hundred, calves mixed, western cornfed steers 3.00 to 5.00, and extensive shipments reported for beef markets nationwide.
MENTIONED IN THIS ARTICLE
New York
St. Louis
Texas
Boohe
Italian youth forced from street by aggressive children
At about seven last evening an Italian youth trying to sell papers in front of Central station on Diamond street was set upon by a group of American children under nine. They ordered him off the street and scolded Italians for sending money back to Italy. The incident was not a trade dispute.
MENTIONED IN THIS ARTICLE
Central Station
Diamond Street
Italy
Diamond Street Widening Report Nears Completion
The Board of Viewers has nearly finished its report on the Diamond street widening and issued notices to affected property owners to attend the hearing on March 17 before the report to the Councils.
Commission 1-8 Sells Stocks and Oil on Margin
A firm named Commission 1-8 sells stocks grab and oil on margin or for cash and plans removal of April 1 pe 108. holds implications for investors and creditors. The note references margin financing and potential asset liquidation.
Domestic markets cautious as blizzard boosts egg butter prices
In Pittsburg dispatch dated March 7 1890 traders report quiet trade due to extreme cold. Eggs and choice butter rise per dozen in single cases while other staples like fancy apples and tropical fruits firm or edging upward. Listings cover dairy meats produce grains and tropical fruit prices with numerous item by item quotes.
MENTIONED IN THIS ARTICLE
Commission Houses
Liberty Street
Buttter—Creamery
Elgin
Ile
Ohio
New_York
Timothy
Valencia
Messina
Coffee prices drift higher as market awaits action
The failed advance of package coffee shocks dealers while green coffee per pound climbs since last week. Prices across Rio and Mocha varieties rise with futures uncertain. trade looks to major firms for guidance as sugar also shows volatility.
MENTIONED IN THIS ARTICLE
Rio
Java
Maracaibo
Mocha
Santos
Caracas
la Guayra
Cassia
Nutm Petroleum
Tel Ohio
Globe
London
California
Muscatela
Valencia
Ondara
Sultana
Ilc
Brazil
Lucans
Cubas
Stan OA
San Annte
Oasey
Arte Crystal
Higgins
Eureka
Hid Co
Amson
Spears
de George's
C. Herri
Grain Exchange Report Shows Mixed Wheat and Corn Prices
Grain exchange receipts total 13 cars with P R EL P HR R and R R consignments. Wheat No 2 red 83c, No 3 79c. No 2 yellow shell corn 55-58c. oats No 2 white 27-29c. rye flour and millfeed prices listed. Light NW snow blockade curbs receipts. flour demand improves and millers wary.
MENTIONED IN THIS ARTICLE
The
Grain Exchange
P. R
P. HR. R
Pittsburg
Ft. Wayne
Chicago
Cincinnati
St. Louis
Lear
Pittsburg and
Western
Northwest
Pennsylvania
Ohio
Provisions for Grocers Include Sugar Cured Meats and Beverages
A list of sugar cured hams in various sizes with prices per unit, sugar cured breakfast bacon, shoulders, and other cured meats along with dried beef, pork links, and smoked sausage. Includes pack sizes like half barrels and pails and mentions miscellaneous items such as family supplies and refined fats. Also lists prices for pigs feet and bone less bacon.
MENTIONED IN THIS ARTICLE
California
Market Prices Update From The Kitchen Market
Prices for market baskets rose little week to week as quiet fruit and vegetable trade due to wintry weather persisted. Butter, eggs, poultry firm. beef, pork, and lamb varied by cut with mixed movement. Fresh fish and shellfish listed with many items, and flowers and bulbs priced per dozen and per bunch in varied terms.
MENTIONED IN THIS ARTICLE
Georgia
Edgewood borough elects officers and oil talks arise
Henry Crews predicts easier money and higher stock prices after April 1. Edgewood borough to begin election of officers today. Talks of drilling on the McKelve farm at Swissvale. A village near Wilkinsburg hosted a prior camp meeting. Brock Holpers of Allegheny County Light Company to vote March 28 on raising capital stock from 000 to 1 000 000. A Fourth Avenue real estate agent cites Eastern money for spring investments. Local speculative interest grows with oil and stock activity. Texas Street Railway and Land Company organized by Boston Chicago and Texas capitalists with 500000 capital stock. A Penn Avenue deal involving Black & Baird closed for 27000 on No sad Penn avenue formerly Dr Sutton property. A project near Byer’s site aims for a large apartment building.
MENTIONED IN THIS ARTICLE
McKelvy
Swissvale
Wilkinsburg
Brock Holpers
Allegheny County Light Company
Fourth Avenue
Texas Street Railway and Land Company
Boston
Chicago
Texas
Black & Baird
Nosad Penn Avenue
Sutton
Byer
How Hailstones Form In High Altitude Storms
A description explains hailstone manufacture during storms. Cold air lifts raindrops into clouds where they freeze and accumulate ice layers as they cycle between cloud layers. Stones grow with each pass and finally tumble to the ground. Each hailstone shows layered ice when cut open.
St Barnabas Guild for Nurses Holds Monthly Meeting
The St Barnabas Guild for Nurses met at Allegheny General Hospital on Stockton Avenue. Rev John R Wightman gave a special address and Rt Rev C Whitehead Rev James G Cameron led the religious service followed by an informal social. Florence K Tildesley and Anna McCandless were chosen as Pittsburg delegates to the council meeting in Boston in April.
MENTIONED IN THIS ARTICLE
St Barnabas Guild For
Allegheny General Hospital
Stockton Avenue
John R. Wightman
C. Whitehead
James G. Cameron
Florence K. Tildesley
Anna McCandless
Pittsburg
Snital
Boston
Tearing Down the Old St. Nicholas Hotel
The furniture from the St. Nicholas Hotel at Fourth Avenue and Grant Street has been removed as workers began tearing down the well known building yesterday afternoon. The Braddock Wire Company is laying a four mile gas line from its works to Sandy Creek near the Allegheny river to connect with the Equitable line.
MENTIONED IN THIS ARTICLE
Braddock Wire Company
Braddock
St. Nicholas
St. Nicholas Hotel
Fourth Avenue
Grant Street
Sandy Creek
Allegheny River
Equitable
Fight Between Labor Leaders Ends with O'Shea Knockdown
A clash at John M. Kelly's office left John E. O'Shea on the floor after a blow to the neck. O'Shea fought back, grabbing Kelly by the throat, before bystanders separated the two. O'Shea then swept snow from the sidewalk away from Kelly's remains.
MENTIONED IN THIS ARTICLE
John M. Kelly
John E. O'Shea
Mr. Kelly
Kelly
O'Shea
O’shea
Fith Avenue
Freight blockades ease on Panhandle rail lines
An old Panhandle engineer at the Union depot says open weather has eased winter freight blockades. Cars piled with corn and wheat for New York vessels clogged sidings and yards, delaying shipments, but progress is now being made clearing tracks.
MENTIONED IN THIS ARTICLE
Panhandle
Butler
Union Depot
Pennsylvania
New York
Ft Wayne
Also Mentioned on This Page
Iron Trade Review
PaTer
Wool Market
Beaver
Chamber of Commerce
J. W. Moore
H. Elery
A. B. Rutledge
Mercer County
D.C. Prescott
J. N. Leslie
G. Mullar
UO. W. Ketchum
S. Danks
J. R. Hayes
H. Palmieri
Pancoast and
Maule
W. Sellers
Lincoln Avenue
William M. Ball
Caan McKee
Conrad
Friendship Streets
F. Householder
J. B. Mitchell
Commissioners of
Westmoreland County
Samuel W. Black & Co
Blair
Twenty-third Ward
Second Avenue
Mayappie Alley
Gate Ledge Alley
I. M. Pennock & Son
Moon Township
James W. Drape & Co
Snowden
Pennavenue
Pitt Street
East Eni
Sewickley
Allegheny Valley Railroad
Forty-third Street
McKeeesport
Local Securities
Askar
Anchor Savings Bank
Commerciat Ee Aentral Han Exchangera, ‘Bank
Iron City Nat. Bank
Keystone Hank of
Gebela Nat Bk
Third Nat
Boatman’s Insurance
Citizens’ Insurance
Germst
Inertcatt
Monongahela Peedee
Allegheny Heating Co
Bridgewater Gas
Churtiers V. Gas Co
People’s Nat. Gas
People's S. G. & r.Co
Penn Vane Ou Gove Wu
Eapaeae
Ware Ee B.S. Con
Philadelphia Gas
Ros, & Co
Pittsburg Tractions
Central Traction
J.C. Forse & Co
Pleasant Valley
H M. Long
Remgaes
E Ware
Lackawanna Estern
Iasi
Louisville
Nashville
Northen
Northern Pacific
Oregon Transcontinental
St Paul
Kong
Union Pacific
Estern Union
Mutual
Anton Fia
Northern Pac
Ista
Oi Paciteds
Itamian
Trans
St. L
S. Bee Canadas
Pan Consols
Pacific
Chibetta
K.G. West
Ists
Union Pac
Lsta
Mk. &T. Gen
John M. Oakley & Co
Sixth Street
Pittsburg Petroeum Ianest
Ilsd
B. McGoat
Walltreet
Boaston
Toh. & Tor
Boston & Mont
Albany
Calumet & Hecla
L. K
Quincy
Mass
Central
Santa Fe Copper
Tama Mearmck Anes S
New Eng
Anniston Land
Old Colony
Boater Mb Ladg Secre
Rutland Common
San Diemer
Hulland
West End Land
Wis
Kell
Lamson Allover Mg Co
Atlantic
Canadian Pacific
Canada Southern
Sangtral
New Jersey
L. & Pitts
Fe C
Northwestern
BE 'T
West
Lake Dnore
Michigan
Isgouri Pacific
Wwe
N.Y
L. BE
W. Ph
Bisco Ganenves
Norfolk & Western
Gees
Peo
Dev. & Evans
Polinder
Pullman Palace
Richmond & W. P
Richainnd & W
San Pran
Whitn & Stephenson
Ankea
Northern Pac Lehigh
East Liberty
Telegraph
Beale
Indianapolis
Uulla
Commission
Bermuda
Florida
Ocean Product
la France
Henry Crews
Guild For
Noreen
George Marvin
Adams Express
Carters
Shafer
Heinz Ad
Polypathic Mudical Institute
C. Scott Chambers
R. Chambers
Allegheny
Clair Street
Sto
Polyao Medical Institute
Penn Ave
Preuurg
Jas. D. Callery
John W. Taylor
City Savings Line
Sixth Ave
Smithfieldsl Capital and Surplus
Burdock
Sigma
HOUSE
Joseph Horne & CO
Gall
Ueaten
du Nordords
Hrokers—Financial
Wunard& Stephenson
Par Ad Ag Ig En
Baneebhs and Brokers
ST. Pittsburg
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