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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 14, 1890
Page
7
The Iron Age reports brisk demand for manufactured iron and steel products amid busy mills. Eastern and Southern markets show limited rail orders, with prices quoted for pig iron and foundry alloys, while bridge iron and beams see steady activity and plans for large projects like the Weehawken Incline.
The Iron Age reports London pig iron prices slipping with warrants for Scotch iron at 466 and Cleveland and hematine down, due to furnace rumors and tight money. Copper shows renewed activity as prices hold while consumers buy modestly. Shipments last month reach 45 000 tons with large exports to the western states and the market awaits American election results.
London and Glasgow quotations show mixed signals with declines in pig iron and Middlesbrough prices amid speculative pressure. Steel prices remain steady to firmer on some items while demand holds moderate. reports indicate unevenness across brands and shipping points with little overall change in near term.
The Coke Industry reports a modest improvement in car supply and coke shipments this week, with brisk demand from all consumption points. Transportation remains tight, but western shipments declined while eastern shipments rose, keeping prices stable amid ongoing labor and transport constraints.
The weekly run of hogs at East Liberty stock yards is the largest of the season with over 100000 head received. Chicago hog receipts since November exceed 140000 head, today 35000. Cattle supply locally exceeds demand with heavy and low grades difficult to move, while high prices for corn push farmers to sell early.
A Pittsburg real estate deal transfers about 11 acres in the Nineteenth ward on Heberton street from the Wightman heirs for 90000 dollars and plans to plot and market early next year. Reports discuss building demand on business streets with strong walls and varied use, plus a rally in stocks and continued property activity across the downtown and Southside, with multiple parcels listed and sales recorded.
Telegraph reports liberal receipts and easier market in Cincinnati with cattle and hogs steady to lower, Chicago shows steady demand with mixed quotes, Omaha notes slow cattle and lower hogs, St Louis lists steady sheep market, Kansas City shows dull cattle and steady hogs with broad price ranges. Includes figures for receipts and shipments across multiple markets.
No business transacted in oil yesterday with no sales recorded. The best bid stood at TH4 while closes were 73. Clearing volumes reached 76,000 barrels and average runs ran to 7,046. Shipments averaged 254 and charters 7,944 with refined oil reported at multiple ports. Prices and quotes from McGrew Wilson & Co. appeared inconsistent.
In New York and Beadford markets, petroleum activity shows mixed results with open certificates and varying lows. Dealers report 200 000 barrels traded with 46 307 barrels chartered and 108 331 shipped while runs reach 94 160 barrels amid steady to sagging sales and a closing near the day’s lows.
Upward movement in local stocks continued with broad gains. Electric, Manufacturers' Gas, New York and a Cleveland Gas Company, Philadelphia Gas, and Bridgewater Gas led advances while Switch and Signal fell. Total NYSE volume reached 40,007 shares with notable gains in Atchison and others as markets weigh Northern Pacific prospects.
The market reports ample funds for good borrowers at 7 percent with clearings near $200,000 above Wednesday. Money on call in New York steady around 2.12 percent, mercantile paper at 4 percent, and sterling at 4.7844 for bills. Bank of England bullion fell by £407,000 the past week, while U S bank clearings totaled $14,568,000 in New York.
The New York stock market showed active trading and a cautious rebound after a recent decline. Northern Pacific tumbled while other rails and big names advanced modestly. Sugar refiners and several bonds faced volatility as traders awaited clear signals from banks and major issues.
The report lists mining stock quotations for California and Virginia mines including Bodle Consolidated 350 Eureka Consolidated 4 Gould and Curry 180 Hale and Norcross 200 Homestake 450 Horn Silver 80 Iron Silver 100 North Howe Isle 100 Ontario 374 Ophir 300 Sutter Creek 100 with varying bid figures across several properties.
The Pittburg Distates report shows Elgin creamery butter surging by about 8 cents per pound on fancy grades, with prices in Pittsburgh higher than Ohio creamery butter by a notable margin. Cheese remains slow and prices drift lower. Demand weak, bad weather curbing trade. apples, beans, peppers, and other staples list varied quotes across dairy, produce, meats, and other commodities.
A crowded listing shows prices and inventories for canned fruits and vegetables, dried fruits, nuts, and baking supplies. The notice includes imports and domestic brands from California and Turkey, with grain, flour, and millfeed quotes. Also notes carload grain sales, railroad receipts, and market expectations for lower levels ahead.
The Chicago grain market opened dull and weak then fell sharply on heavy selling. Wheat slid to 8 1/2 and May to 147 1/4 while corn eased to around 4 1/4. oats stayed steady early but declined later. Elevator firms reported possible scrip payments due to tight money.
The report shows futures corrections by John M. Oakley & Co with bids for flour and various grains. Wheat and corn declined late with cash and futures quotes drifting lower, while butter, pork and lard held little change amid a quiet trading day across several exchanges.
A nostalgic fragment chronicles care through generations with Castoria tied to infant illness childhood tears and motherhood. It reflects a family's lifelong reliance on the remedy as a shared memory across ages.
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