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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Oct 03, 1891
Page
3
The market shows few changes since the last report with steel slabs billets and iron ore holding steady. Demand remains cautious as buyers cover only small quantities while producers adjust stocks and look for clearer pricing signals amid uncertain shipments and ongoing labor tensions.
The article reports a lively Cincinnati market scene with steel trades active and prices quoted for mill products. It notes cautious optimism among producers, steady demand for early delivery, and price movements across rolling mills and regions including Virginia and the Wheeling district.
In the iron and steel sector, forces for improvement are noted as the market shows signs of life. Trade activity increases with firms like Rogers and Co. and Hieewn A Ce cited among key players in the sector.
Reports show improving demand in the stove and iron trades as locomotive and engine builders place large orders for raw iron and steel. Cash quotes vary by grade with Ohio softeners and Pennsylvania standards listed, and Bessemer billets and slabs priced around 27 to 29 dollars.
Reports show iron sales at higher quotations with a firm tone in the Southern iron market. Large producers resist deep discounts while stockpiles stay manageable. 10 090 ton order signals strong delivery demand. Quotations at Nel foundry 12 Shql2, No foundry 115, SW demr forge 000, with order size shading prices. Political debate heats over convict labor tied to mines as Governor candidate pledges removal.
The St Louis market notes moderate inquiries for tren domai d and steel items amid steady trade. Demand strengthens for char coal irons and softeners while Southern furnaces hold firm prices. listings cover No 1 and No 20 grades, with varied small orders and improving consumption reported.
New York outlook remains quiet as copper and tin hold steadier prices while aluminum shows subtle firmness. The Dispatch previews hunting stories about Mountain men and hairbreadth escapes in the Rocky Mountains with full reports due tomorrow.
Livestock prices and receipts listed for cattle hogs and sheep. Cattle receipts 518 head with shipments and consignments noted, hogs receipts 9409 head with steady firm markets and New York shipments, 3809 weighed mixed prices. Pigs and roughs priced around 50 to 54 dollars, hog cars shipped to New York. Sheep receipts 100 head with steady prices unchanged.
Telegraph reports Buffalo cattle receipts near 19 loads with heavy grades, market opening steady then closing weaker as buyers cleared heavy lots. Hogs strong to higher with 7 000 head. sheep and lambs lighter with most sold and prices easing. Chicago and Omaha districts show steady to firmer trends in cattle and hogs amid mixed arrivals.
Market bulletin from New York and Rio shows coffee futures steady to down across tenors with late months easing. Spot cargoes remain quiet as daily activity centers on 7 cargo and Ueroher harvest timing, with several forward sales listed across November December January and May contracts.
The New York drygoods market reported no change today as of October 2. No price shifts or notable movements were observed across key goods.
The article notes bar silver pricing in New York at 450 per ounce and references the London rate for bar silver, indicating the New York dealers’ price.
A 200 acre tract near the Allegheny Valley Railroad is being plotted for suburban lots by A Leggate & Son. The Allegheny Central Hotel on the Northside is planned for conversion into an apartment building with an elevator and top-floor cafe, costing $15,000 to $20,000. Several property transfers and real estate offers are noted, including Peters Dick’s $15,000 bid for the Tables property on Fenn Avenue and multiple lot sales in McKeesport, Crafton, and Avonmore.
The local money market was more active yesterday with stronger loan demand and increased discounting. Deposits rose and hank clearings surpassed recent averages, while funds pinching eased. New York call money was easy, with rates around 4.8 percent and sterling exchange steady.
The page lists various debentures and bonds with different states and utilities under Wisconsin, Missouri, Tennessee, and Pennsylvania markets. It notes mixed activity with several issues trading at varied prices and yields as investors monitor banks and rail connections.
Philadelphia Gas trades on a cautious note amid uncertain pending settlement. Electric shares strengthen on Boston buying news while Luster and Manchester show mixed moves. Wilmerding works run two shifts, and overall bids and asks shift across the exchange with several firms advancing and others slipping.
New York Oct 2 The stock market improves with bullish tone and broad buying. Missouri Pacific leads advancing issues amid heavy insider and foreign buying while Western Union Lake Shore and Rock Island rise. Total sales 562,029 shares with Missouri Pacific 42,740 and Atchison 196,505.
The Sunday market notes weak peaches near season end with higher prices, steady tropicals and butter leads to oleo demand, watermelons waning as cantaloupes loom. Fresh fish, oysters, crabs scarce. florists report slight trade gain. Meat prices mostly steady. Retail lists cover meats, vegetables, fruits, and assorted seafood with varied per unit quotes.
New York stock list shows values for Allee Aspen Consolidated California Virginia Denilwood Hale Norcross Home stake Hornsilver Iron Silver Ontario Ophiria Plymouth Smy nee Standard Sierre Nevada Unton Consols Yellow Jacket. Tarbell piece Paris Pittsburg at the Gay French Cap ital by Ida M Tarbell referenced with note to see the Dispatch tomorrow.
Wool markets report steady demand with total weekly sales around 3 040 000 pounds across regions. Prices remain firm for combing and delaine wools with Ontario to Oregon sales steady and Texas and California showing varied activity. Australian wool prices hold steady with foreign carpet wools steady in demand.
Receipts of grapes and peaches are light while market trends tilt upward. Lemons remain scarce and outside stock sells quickly. Vegetables are slow with prices steady for dairy products and eggs. fresh fruits from the tropics firm while home grown fruit demand weakens.
A historic grocery column reports coffee price declines unlikely and sugar demand muted. Canned fruits are heavily stocked while roasted coffees and various grains show mixed pricing. Broad lists of coffee, sugars, starches, canned goods, and commodities indicate a stable yet meticulous market snapshot.
The Grain Exchange reports a carload sale on track of miscellaneous sample cats and other grains. Buyers showed weakness as cereal markets were slow and prices drifted lower amid plentiful hay and milled product demand fading.
Chicago grain notes show wheat advancing amid rains and poor Northwest conditions, with London and Paris firms. Corn strengthens on light receipts and short-covering while oats, rye, and hog products also move. New York and St Louis buyers active as inventories shrink.
Commodities show firmer signals with oats and corn rising in demand while rye and rye products steady. Hog and pork futures trend higher amid cautious buying. wheat and barley hold near steady levels across Minneapolis Duluth and Chicago reports.
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