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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Mar 14, 1891
Page
3
Iron and steel reports indicate a firmer raw iron market with limited large pig iron deals. Finished goods makers maintain cautious pricing while coke and freight issues loom. Bar and steel prices edge lower, barbed wire rises on a new syndicate, and various iron products quote at mixed levels amid tightening margins.
The Birmingham district shows a stronger iron market with demand up and prices up to 25 cents to a dollar per ton. Furnaces run at full capacity, several behind on orders, gray iron in high demand as farmers sell ahead. Ohio and Pennsylvania inquiries decline. Western markets active. A US District Court receiver appointed for Gadsden furnace. Talladega organizes a coke furnace project with bonds sold and construction to begin.
Philadelphia March 18 iron trading shows no clear gains as coke strike drags on. Pig iron output falls to its lowest since 1889 while local demand remains limited by cautious buyers and stable prices. Market expects improvement only after strike settlement.
Rogers Brown and Meacham report a week of price increases in the St Louis market with buyers rising, while furnaces limit extended deliveries and some grades remain scarce for immediate shipment. Cash quotes include Southern coke and charcoal products and related commodities amid firmer demand.
Traders report timid consumers and cautious buyers as coke furnaces maintain prices while firms resist long-term contracts. Lake Superior charcoal stays quiet with stable iron prices. observers expect potential price shifts if labor disputes drag on, possibly delaying any fall in iron pig prices. Metal market notes include American pig iron around 16 to 17, copper steady, lead slightly higher, tin steady.
The market notes minor changes with butter rising to luxury levels and butterine favored by consumers. Egg supply improves and prices ease slightly while poultry demand remains strong. Florida strawberries arrive early with weak demand and heavy stock. Ocean products show steady demand and prices. Staples maintain stability. meat and garden items display varied prices. Prices for fish, shellfish, and flowers are listed with numerous specific charges across departments.
A special telegram from New York dated March 13 notes London bar silver at 451i per ounce and New York selling price at 08 cents per ounce, as reported by bullion dealers.
Reported improving James A Henderson set up briefly and a cold war era rise abated. H K Bedford sailed to Parkersboro with a good noon trip while M F Allen planned a noon departure for the same port. River levels stood at 15 feet and rising slowly with limited further gain. Pittsburg party including G W J Johnson J Guy A McCandress F C Miller headed home visiting Mammoth Cave Ky. Tri Scotia arrived Cincinnati ten hours late due to fog and left midnight with a fair twin. Captain Simmonds of the Puritan rode as a passenger to Cincinnati and Southern points.
Fannte Br, Ward reports for tomorrow's Dispatch after a personal interview with President Balmaceda. She was in Chile when the uprising began and promises full coverage in the upcoming issue.
Mrs. Lizzie Grant of 20 South Nineteenth street was jailed on bail by Alderman McGarey after neighbor Henry Frost accused her of driving nails into his new fence to hang her clothes line. Frost testified the nails and blows knocked down his pictures and that she tampered with the nails each washday. Grant admitted the act and promised not to trouble him again, and was released with court costs.
Mrs Thomas of South Eighteenth street died suddenly Thursday morning likely of heart failure. She retired in good health and around 4 o'clock her husband awoke to find her dead. The coroner was notified.
Jackson Mississippi March 13 Senator Walthall declines to allow use of his name for renomination. His term ends March 3 1895 but next January Legislature will elect his successor. The move opens field for rivals and could shift alliance forces over the sub-treasury bill amid ongoing party tensions.
A newlywed couple, visiting an aunt near Lyons, travelled with two parrots from Sosania. The guests, aunt, and servant fell ill with yellow fever. all four died, and the parrots succumbed to consumption. The house was disinfected after the outbreak.
The city notes a steady rise in business volumes despite a recent blizzard that cooled moods. Real estate sales and bank deposits signal confidence, with imports from Europe turning positive and local investment expanding. A new Munhall Valley project named Abbotville plans lots near the city, while several building permits and property trades unfold across Pitt submarkets indicating cautious optimism in a recovering economy.
The local stock market remained slow and bearish with little appetite for risk. Total trading volume was light, about 30 shares, led by Electric and Philadelphia Gas. Electric showed modest gains late on news of higher prices while Philadelphia Gas traded around 12 to 12 1/4, with no fresh buying interest and several notes on Westinghouse and insurance stocks. The New York market posted 158,402 shares traded across major issues including Atchison and Reading.
The market session shows slow financial activity with no bad news. Loans were scarce but quickly filled for a few borrowers, deposits declined due to weather, and money on call in New York ranged 2 to 8 percent. Bond quotes and bank clearings across major cities are listed with minor premiums and discounts.
New York stocks show hopeful, bullish mood with limited active trading. Gains in Rome Watertown and Ogdensburg and Great Northern preferred, Mobile and Ohio lead while coal stocks fall after Interstate Commerce Commission ruling on Coxe case against Lehigh Valley. Bond demand by commission houses rises as daily sales reach 1,112,000 dollars.
Freighted market data from multiple cities shows cattle receipts around 0 to 9 thousand head, hogs 3.4 to 5.8 thousand, and sheep 1.0 to 6.0 thousand. Prices vary by region, with cattle steady to higher, hogs mostly steady to higher, and sheep fluctuating. notable activity includes shipments to New York and Chicago and mixed lots sold at regional yards.
The oil market opened at 7231 with 1000 barrels traded, marking the day as quiet until New York buying lifted sentiment later. Refined crude finished one cent above the opening, while various quoted figures show small gains and uneven activity in the afternoon.
New York March 13 petroleum opened weak on expected pressure from Standard Oil interests but after that pressure eased the market moved higher on buying and closed steady. Prices showed varied clearance totals with barrels moving in thousands across shipments, charters, and deliveries as traders assessed demand and supply.
Closing quotations of Philadelphia stocks as reported by Whitney and Stephenson. Listings include Atchison and Top Line G, Montanan 40 percent, Roston and Albany 190, and various miners and utilities. Names such as Bell Telephone and Philadelphia and Erie appear with bid and asked figures. rail and canal stocks show mixed activity.
Mining quotations show Eureka Consolidated at 20 Hale and Norcross 210 Homestake 825 Horn Silver 82 Ontario 80 Mexican 800 Ophir 425 Savage 225 Sierra Nevada 200 Standard 120 Iron Silver and Yellow Jacket 275 Union Consolidated.
The domestic market column notes creamery butter prices in Elgin are not as high as last week, with a top heavy boom. Butterine demand has risen, helping price advances. Pennsylvania laws on oleomargarine enforcement are lax in the city, as retailers openly handle the product with US licenses. Genuine butter faces competition as oleo gains.
Wool markets in Philadelphia and New York stay firm with quiet demand and unchanged prices. Ohio, Michigan, and Texas sales mix include combing and pulled wools, with firm rates for fine and medium grades and active Texas spring lots at about 40 to 45 cents. Foreign wools remain firm, with 100000 pounds of moular sold at 8 cents.
Active Friday trade signals robust interest in high quality potatoes with outside quotes around 2 4 per a lash, while eye market edges down slightly. Dairy products stay in demand with firm high grade cheese and Sweitzer prices. tropical fruits plentiful but not keeping pace with receipts. Coffee and sugar weaken ahead of tax removal, while varied produce from apples to beans and canned goods fill shelves and reflect overall upward cereal line drift.
Grain Ex conducted a sale on call featuring 2 cars with diverse consignments from Pittsburg, Ft Wayne, and Chicago Railway and Baltimore and Ohio lines. Prices show a steady to firm trend with wheat and flour prospects, oats and hay slow, and corn ranges aiding a cautious bull view. tracking on track prices lists numerous grades and regional exchanges.
A list of commodity prices shows 2450 ton No 2 white middlings at 300 2400 brown middlings at 210 200 winter wheat bran at 21 00 Have Baled timothy No 1 at 0 75 100 No 2 do at 35049 00 loose from wagon SI1 12 according to quality No 2 prairie hay at 7 2 7 80 packing dia 0 00 ou 8 50 wheat and rye at 7 25
A fragmented inventory lists sugar cured hams in large medium and small, bacon, shoulders, dried beef flats and rounds, skinned shoulders and hams, California hams, and dry salt sides. Prices appear as cents per unit and some items include barrel and can quantities.
Speculators sell across the board as bears dominate the session. Wheat, corn, and oats fall with May futures down and prices pressured by unloading by major buyers like Armour and Cudahy. Packers supply demand slips, while foreign cables show mixed signals as Paris and London markets drift downward.
Fashion news items from European capitals compiled by top writers of The Dispatch. Market notes on flour, eggs, meats, and cereals mix with fashion insights and social notes, reflecting daily commerce and style trends across cities.
The hardware trade faces a slow start as demand for agricultural implements lags behind last year. High road conditions and money stringency curb buying, but manufacturers see fat profits and expect an upward price movement after bottom prices. Barbed wire price up 40 cents per 100 pounds signals cautious optimism for the coming year.
In New York on March 11 the coffee options market opened firm and steady at 14 points up with only three modest declines around 10 points. Volume reached 3,500 bags across March Mey W.7 and April contracts. Prices show varied activity through the year with entries for June July August September and October, with notable figures such as 1700, 1710 and 1601 noted in several months. Overall the market remained firm and quiet with fair cargoes and limited trading.
New York markets show business unchanged in character and volume as staple goods remain in good balance. The tone remains steady with occasional small price cuts typical of the dull season.
Fragmentary ad line reads SICK HEADACHE and mentions Carter’s Little Liver Pills. No clear event or person clearly named beyond product reference. The readable text is limited to ailments and the medicine brand, with minimal context.
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