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Newspaper

Pittsburgh Dispatch

Location

Pittsburgh, Pennsylvania, United States of America

Date

Mar 15, 1890

Page

3

Iron Markets Show Weak Tone as Buyers Hold Back

Reports from western centers indicate light weekly trade with buyers holding sway. Rumors of lower Bessemer prices circulate but lack solid sourcing. overall iron and steel markets remain soft with cash buyers conceding rates while mills stay active. Prices steady on some items though authentic lower-rate orders appear. producers remain hopeful for a stronger year ahead.

Bessemer S.s-Sesseeees Mock Sintns

Iron market drift noted in Philadelphia report

Philadelphia dispatch notes Western and Southern manufacturers weakening with price concessions by warrant holders. Southern shipments to the East rising, but no Southern product yet in local markets. Furnaces not blasting, indicating dullness. iron prices steady with mixed demand for bar iron and billets. old stock listed with current quotes for foundry iron and coke.

Philadelpha Uiton Ga Co Canon Jron Steel Res Diwins Channedla

Southern iron trade shows cautious prices and strong furnace demand

Market notes from St. Louis report Southern furnaces willing to sell at lower price ranges while quotes vary and small orders flood in. Foundries run full time, suggesting high iron consumption ahead despite weak pig iron. Coke and charcoal prices appear weaker with several Missouri and Lake Superior trade names cited.

FECAL Or Sr. Louisz Rogers, Brown & Monthamn Sar Ob Saftenem Continus Sairiy St. Louis Narcow Southern Gray Slissouri Miesouri Lake Superior Connelier St. Jonis St. Louis

Active Market at Low Prices in Southern Iron Trade

Rogers, Brown & Co report the market is active since the last update with large orders at comparatively low prices, provoking remaining speculators to unload. Southern furnaces show about 20,000 tons of orders forming a cautious stance. Northern iron weakens slightly, while Southern brands lead gains and cooling trends.

Distatch Cincinnati Rogers, Brown & Co Ince Gogthern Besemer Lake One Corey Ohio

Heavier Boring and Lower Prices Dominate Week

Chicago March 4 Rogers, Brown & Co report heavier boring and lower prices as the week closes. Illinois Steel via Bay View furnace has strong orders for foundry grades, prompting price cuts by Southern to stay competitive. Low grade foundry iron prices off about $1 from month start. special foundry irons and prime Ohio softeners held up. Additional car contracts sparked inquiries for wheel irons and old car wheels.

Hesvier Daversa Forrcial Difpator Chicaco Ohio

New York Quotations Mixed on Metals and Tin

Market report shows mixed New York quotations with copper steady at one level, pig iron and iron alloy prices dull on domestic demand. Tin remains firm and brisk, with Strate at a listed level and ongoing activity in the copper market amid April price signals.

New York Lake

Market reports and weather notes reflect uneven activity

New York on March 14 reports weather and business conditions showing uneven activity. Market features are limited with some mail orders and transactions noted. no dramatic changes. A medical advert warns about cold dangers and promotes Dr. Core's Expectorant as a remedy to prevent serious lung issues.

New York

Markets by Wire Wheat and Corn Rally Amid Nervous Trading

Chicago and New York desks report a choppy session with May wheat slightly up, July higher on short covering, and a firmer tone in corn and pork futures. Weather and crop damage notes from Tennessee Kentucky and Michigan supported buying, while the day closed with mixed gains and lingering caution across grains and meats.

Chicago St. Louis Shorts Tennessee Kentucky Michigan Illinois State Department of Agriculture Seaboard Gil Undian Oata Elgin Creameries New York Wrley Canada New Orleans Ijge Western Steam Western Dairy Hein Weise Tyce Philadelphia Pennsylvania

Wool Market Report Shows Overall Demand Sluggish

Wool demand remains modest with 2842 pounds traded across varieties. Prices stay low and unchanged, deterring buyers while demand for combing and delaine wools rises slightly. Territory and foreign sales add activity though margins stay narrow amid weaker market signals.

Bostox Ohio Sige Michigan Onlo SieMe Gion Egote Texas Oregon California Maine Pimiladelphia Montana

Austrian Investor Kalish Pursues Iron Plant Deals in Alabama

Herman Kalish, envoy for a Vienna syndicate, is in America seeking iron plant investments. He has travelled to Alabama and hints at a possible return to Pittsburg.

Herman Kalish Vienna America Alabama Pittsburg

Investors Abandon Market Fireproof Plans Rise in Lima Oil

A Pittsburgh area report notes a market pullback as buyers shrink from high asks while landowners are urged to be reasonable. Fireproof building material research proceeds amid high costs. new fire brick ventures spark down the Fort Wayne line. Lima oil may rise to 50 cents with certifying moves, while Olio oil could widen trade. Sugar prices show easier quotations with beet and refined demand lifting profits.

Pittsburg Ron Laths

Local Securities Quiet After Mixed Demand

Local securities showed little overall change despite firmer sentiment, with 44 shares trading. Allegheny Heating, Switch and Signal, and Philadelphia Gas led attention as most listings advanced fractions. a cautious mood persisted with few fresh bids and several notable trades in Westinghouse Electric and allied issues. The New York market logged 194,089 shares in total, with blue chips like Atchison and New York Central among active names.

Allegheny Heating Company Switch and Signal Philadelphia Gas East Ened Electric Lawara P. Long Westinghouse Switch Signal New York Atchison Delaware,Lackawanna and Western Lake Shore Louisville and Nashville Missouri Pacific New York Central Readies St. Paul Union Pacific

Bank Clearings Fall Below Two Million For First Time

Struck a snag as bank clearings dipped to 1,875,797.93 yesterday, with balances at 313,853.06. The drop is attributed to Thursday weather, though banks reported steady business overall. Money was abundant and currency easier at 6.7 percent, leaving the system in good shape for spring trade.

Cee New York

Chicago and New York Clearinghouse Money Rates Report

The data shows balances across several clearinghouses led by Estes Fy Clearings and Boney t Puizapenrars with amounts around 10 million. Panis Three per cent mentions a 650 per account, Chicago Clearinghouse at 10.392 million, and New York exchange at par. Money rates steady with call at 53 0 and time at 69 7 percent.

Chicago—Clearingr New York Exchange

Still Tombling Oil Market Sags as Wells Show Mixed Results

The oil market opened weak then rallied before noon, ending bearish with wide fluctuations. Reports from multiple wells in Hundred Foot, Chartiers Valley, and nearby fields describe sand hits, flowing rates from two to ten barrels per day, and large potential yields at Jennings & Co. and related sites, while production rises and Lima oil prospects weigh on prices.

Lima Pennsylvania Hundred Foot Reed & Co C. E. Shannon McClung & Co Graham Heirs South Penn Oil Company Myoma Craig € Co Staples Farm Chartiers Valley Davis Farm Smith Farm Jennings & Co Gantz Wasson

Fleming Oil Company well produces in Doll's Run field

Fatruoont West Virginia March 14 A Fleming Oil Company well two miles ahead of Doll's Run field developments struck a large gusher. The well flowed around 200 barrels, sparking widespread excitement across a broad area.

Fatruoont W. Va Fleming Ol Company Doll's Run

Petroleum price movements and openings across markets

In Bradford and New York reports petroleum opened weak then firmed, with highs near 89 to 90 cents and lows around 40 to 41 cents. March activity showed mixed shipments and uncertain clearances, while Brock Exchange and Consolidated feed early price ranges and total sales around $38,000 barrels.

Bradford Petroleum Pul Conner Sie New York Saje Brock Exchance Consolidated Eat

Real Estate Deals Dominate Local Market Activity

James W. Drape & Co closed a $49,000 sale of a manufacturing property adjoining the city, plus five mortgages totaling $16,000 on nearby business and dwelling properties at 5 and 6 percent. Two East End residences sold for $12,000 cash. Various agents reported multiple parcels across Allegheny, Pittsburg suburbs, and Wilkinsburg, with prices ranging from $600 to $4,800 and payments posted at up to 5 percent interest. The piece notes rising buyer interest spurred by the Central Traction road and a 5-cent fare, promising brisk activity as suburban lots and residences remain solid bets.

James W. Drape & Co Allegheny Pittsboro East End Ewing & Byers Federal Street Sarah Robinson Michael Kelly Henderson Street Third Ward W. A. Herron & Sons Plymouth Street Duquesne Heights Bath W. E. Hamnett Smithfield Street Pittsburg Wilkinsburg Biddle Avenue W.C. Heins Black & Baird Fourth Avenue John R. McGinley Madison Street Thirteenth Ward Richard Fisher Central Traction Road W. C. Stewart William Mathon Edwin Street Twentieth Ward Joseph Graham William Mooney Graham Roup Station Samuel W. K &Co Blair Glenwood Twenty Third Ward Second Avenue Alles & Bailey Fourth William M. Verner

Wall Street Slows as Bank Statement Decides Next Week

New York March 14 The stock market opened quiet with limited activity and small fluctuations as traders awaited tomorrow's bank statement. The day showed a weak start from yesterday's declines, light covering in Chicago Gas and New England, and no major changes beyond a few specialties as professional players steered proceedings.

Wall Street Valers New Yorks Shorts Chicago New England

Market Moves Driven by Gas Trust Rumors and Dividends

Reports on Chicago Gas suggest yesterday’s drop was to aid buyers as a Chicago Council committee considers repealing gas trust ordinances. New York Central declares a dividend with a quarterly surplus of 14,000 while Vanderbilts and Lake Shore show rising activity. Tennessee Coal falls sharply before a partial rebound. Reading and other rails show mixed gains, with Burlington-Northern control rumored to push higher rates.

Chicago Gas Chicago Council New York Central Vanderills Lake Shore Reading Tennessee Coal Edands Bucar Colorado Coal Atlantic and Pacific Milwaukee The Post Burlington and Northern London New York Stock Exchange Whitney £ Stephenson Pittsburg New York Stock

Northwest rail war and Latrobe Mt. Pleasant link eyed

A fierce railroad war is brewing in the Northwest while a Latrobe to Mt. Pleasant connection to the Baltimore and Ohio line is said to be practically assured. The floods hurt Southwestern railroad business and Peter Reisst of Lititz faces $73,000 in total liabilities after assigning his property for creditors. The Dispatch thanks R. J. Stoney Jr for bank reports from Pittsburg area under the currency call. the February state shows a $2,255,840 rise in resources from December.

Northwest Southwestern Latrobe Mt. Pleasant Baltimore and Ohio Peter S. Reisst Lititz Reist R. J. Stoney, Jr Pittsburg Allegheny Braddock McKeesport

Livestock Market Roundup From Chicago to New York

Live Stock Markets report cattle hogs and sheep receipts and shipments across Chicago New York St Louis and other centers. Cattle receipts about 1 099 head in one market with limited movement and no New York shipments. hog receipts around 19 000 with market strong. sheep receipts about 7 000 with market strong. New York and Western markets show varied, standards steady to strong with prices listed for steers bulls cows and veals.

PrrTsport New York Reeves Br. Louis

Riverside inmate Oscar Comstanio sentenced for larceny

Oscar Comstanio was brought to Riverside Penitentiary yesterday from Westmoreland County. He received a sentence of one year and three months for the charge of larceny.

Oscar Comstanio Riverside Penitentiary Westmoreland County

Domestic Markets Amid Scarcity and Price Firmness

Potatoes and fancy apples scarce with prices firm across the market. Florida oranges nearing end. Valencias in good supply with demand. Butter, eggs, poultry steady or quiet. field crops and dairy items show varied demand. Beans, cheese, and oils listed with mixed prices. several staple foods drift higher, while fresh produce fluctuates by region.

Florida Elgin Ohio Do Ohio New York Mayrle Valencia Jamaica New Southern Cab Jersey Bermuda

Wholesale Grocers Report Stable Markets for Coffee and Sugar

Wholesale dealers show active markets with coffee and sugar trending upward while prices largely hold. Leading buyers in package coffee signal expectations of higher markets soon. sugar remains strong though supply improves, listing varied prices across coffee types, canned goods, spices, starches, dried fruits, and tendered staples in a dense commodity ledger.

Old Government Java Maracaibo Mocha Santos Caracas la Guayra Old Governmane Ines Choice Rio Cassine Petholeem Tiic Ohio Globe Aiane Valery Regaline Globe Red Owl Ulger Aummer Carolina Louisiana London California Muscatels Brazil Liviec Higgins Eureka Hid Spead Fisu Watige Hess Ronn Shore SS Lake Pickere Potomac Herring

Grain and feed market notes from the grain exchange

On call sales include 1 car bran at 1425 for five days and 1 car oats or straw at 50 for ten days. Receipts as bulletined show two cars. By multiple rail lines, several cars of middlings flour bay and oats arrive. Oats and mill feed show stiffening tendencies while flour rates hold. Northwestern millers firm on values and resist concessions from earlier months. Prices for wheat corn and rye flour issued for on track delivery with various grade distinctions.

Grain Exchange P. R R Pittsburg Ft. Wayne Chicago Cincinnati St. Louis Carl Pennslvania Ohio

Provisions Listing of Hams and Pork Products

An items list details sugar cured hams and shoulders in various cuts and grades, dry salt and bacon products, dried beef fats and rounds, lard and pork products by weights and container types, including barrels pails tins and cans with varied prices and descriptions for fresh and boneless ham and sausage offerings.

Barre California

Market Basket Prices Extend Spring Bounty at Diamond Market

Retail rows show rare early season abundance of home grown lettuce rhubarb asparagus and green onions with South imports like spinach tomatoes and cucumbers. Prices span meats dairy eggs poultry and a wide range of produce including potatoes cabbage Bermuda potatoes Florida tomatoes celery bananas lemons oranges lettuce beats cucumbers mushrooms oysters clams lobsters and flowers with detailed per unit rates and per pound costs for shoppers.

Jersey Bermuda Florida

CALL OF THE SECEDEES CONFERENCE IN ALLEGHENY COUNTY

A conference of the Christian Women of Allegheny County to oppose party lines in the National W T U will meet at Fourth U P Church Montgomery Avenue and Arch Street Allegheny on Thursday March 20 at 2 and 730 PM The call is signed by Mrs Ellen M Watson Mrs J D Weeks Mrs J S Collins Mrs H C Campbell Miss Etta Clark and others Will Attend a Protestant School Frank and Roddy McCutcheon to attend Protestant school per court ruling not Catholic The archon has arranged to satisfy the other relatives

Allegheny County Frank Roddy McCutcheon Robert McCutcheon

Late News in Brief Collapsed Topics and Actions

A digest of scattered items includes Diamond thefts in Chicago, Milwaukee endorsing Bennett school law, English papers opposing emigration, Ironwood strikers threatening violence, Menotti Garibaldi resigning from Italian Chamber, Columbus Ohio port act amendment, English miners demanding wage rises, a Petoskey factory loss of 100000 with 20000 insurance, Russia accused of pressuring Persia for German goods, Viscount Donle’s divorce suit, Bank of Dorrance officers jailed for insolvent deposits, Blue Earth City treasurer arrested for multiple thefts, rail workers threatening strike over wages, smuggling cases on Puget Sound, George Tingle named North American Commercial Company head, H P Nail owner denies nail trust, Erie road alliance with North Steamship for Northwest traffic, and Ward’s Line control affecting Minnesota routes.

Chicago Milwaukee Bennett Ironwood Mich Menotti Garibaldi Italian Chamber of Deputies Columbus, O Gebaur Petoskey Russia Persia Viscount Donle Enarlof Clanrarty Belle Bilton W. Z Smith E. M. Coleman Bank of Dorrance Henry Kunzel Blue Earth City Minn Kansas City Fie Chicago and Eastern Terre Haute Andrew A. Holt Andrew A. Anderson Puget Sound United States George R. Tingle Treasury Seal Islands North American Alaska S. H. Chisheim H. P. Nail Company Cleveland Escoe Ee Ports Erie Road North Steamship Company Minnesota

Complete Victory Report By Allegheny Gentleman

An Allegheny man declares cure after years of kidney disease following treatment at the Policie Medical Institute. He details severe symptoms prior to care and notes free Friday consultations for the worthy poor, distance patients by letter, and Dr Shafer’s personnel.

Shafer Policic Medical Institute C. Scott Chambers R. Chambers Allegheny Pittburg St. Clair Street Tod Polybie Medical Institute Penn Ave Piru Te Hombtt

Also Mentioned on This Page

Dr. Cores Mons Fort Wayne Emsworth California Avenue East Palestine Stowell Petroleum Reporter Willet & Gray Licht Local Securities National Innsurance Allegheny Gas O Nwee Alleghent Heating Co Das Bridgewater Seeene Cbartiers Eople Pennsylvania Gas Philadelphia Uo Titani! Company Central Traction Pleasant Valley Mansoo Chartiers Maitwaches Pittsburg & Conneils Newe Pitts Junction KR. K Eae Pitts West Oan P& W. Press C.cese Ch. G. Co Northside Bridge Co Uve Sypes Borisserine Co Wy Luster Mining Co Allegheny Co East End Electric Westinghouse Electric Granite Roofing Co Nia Westinghouse Airb Rae Grocers S 8. Co Ares Switch Pilladespuis Ban Stark Westinghouse Electric Eat Pleasant Tiey Valley Hen Brow, & Co Sky Aesepee Mercantile Sentak Mutual Union N.d. C Northern Missouri Deben Oregon & Trane Loken Pacific St. Ubi & Pe G. West Union Pac West Shore John M. Ongrey & Co Sixth Street Pittsburg Petroleum Exchange SSIS Antwerp Liverpool Bremen A. BE. McGrew Virginia Guaher ATCH Dickers Cotton Trust Canada Southern Bi Central New Jersey UNIO Bur Quincy Mi. & St Northwestern I. c. CG Ik Swenceas Tk C. C DE Cove Lowe Lake Erie & West, Or Gay Lake Shore & M Louisville & Nashville Michigan Tentras Moblica& Ohio LEN, Bu Norfolk & Western Norfolk & Western, DI Northerm Facine Ee Pacific Fe Ohio & Ae Ee Wyenieen W.P.T Hiehmond W.p.t.pf St. Lb San Fran St. L San Mt.u. & San Ff Texas Pacific Union Pacine Sencee SM Wadken Ccecsee Eee Western Meee Ges Wheeling Tae National Lead Tias Trust Besten “Tocks Boston & Maine San, & Cleo Kearsarge K. I. Te Gaston & Mont Calumet & Heel Franklin Huron Asceola Pewnbl Sseces Inc Stseeerse Flint & Pere M Santa Yaaepeenie K. C Mass Central Y. & Newing Sia Colony Hutland Preferre Wis Allowez Mlg Co Atlante Tairf Anniston Land Vo Ioston Land San Diego Ccscees Weet End Land Co Hell Whitney & Stephenson Pennerlvania Railroad Ste Hen Wu Lehigh Valley Northern Pacific Alice Adams Consolidated Caledonia B. H Consolidated California Virginia Commonwealth el Crista Iceland Hale and Norcross Homestake Horn Iron Mexican Ontario Savage Sutter Creek Union Consolidated Timothy Ocean Products Green Sea Urtie N. Y la France Call OF the New Temperance Alliance Will Liv Carters Csrier Hunter Mr. Thos Jenkins Tveax J. W. Hunter Hugo Blanck Thos. C. Jenkins Nolétt Ssu Apa Allegheny City Danner Medicivye Company Federal St Draggeiste Swayne D. Callery John W. Taylor Sixth Ave SMI Jerre Jesleia Cas Joseph Horne & CO Gall Dein Wash Dress Fabrica Chalon Bath Seersuck- Daves Olenhe Heather & Nghams Fine Z Zephyr Ginghams Jalp Hrokrers i_—— & STEPHENSON Sete Coatan Theoeat Wien John M. Oakley & CO Slate ST
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