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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Sep 13, 1890
Page
3
Reports from leading centers show no clear rise or fall in iron markets. Raw iron and manufactured iron demand remains active with prices unchanged, nails steady, and structural iron in strong demand. steel rails weaken slightly while other items hold last week’s levels.
The Philadelphia dispatch notes a soft iron market with supply outpacing demand. Pig iron prices drift lower while steel billets and bars ease. plate and structural materials stay in solid demand but overall activity remains subdued with sellers reluctant to accept production costs.
Rogers Brown & Co report active demand for mill iron and lower foundry grades with deliveries extending into next year. Purchases face scarce car supply, back orders heavy, and shipments constrained by limited South rail capacity. Lake region furnaces hold little iron, while bar demand remains very strong amid crowded mills.
St Louis market shows little new feature since last week with few sales but a fair volume of small and middle lots. Southern furnaces report steady stocks and buyers for iron, coal, and malleable iron markets. Coke arrivals from Connellsville are sharply reduced due to scarcity, while demand shows a tentative uptick. cash and FOB prices cited for Southern Coke and related products.
In Birmingham Alabama on September 12 the iron trade shows solid volume with shipments near 8 percent of furnace output. No major contracts or new orders of magnitude reported while prices hold steady since last quotations. The Fort Payne furnace started up last Monday, capable of over 100 tons daily, and local furnaces near Shedfield prepare 1,000 new canovetin at Horse Creek mines 30 miles west. The Henderson Steel Company plans a New York trip to attract capital for regional steel making as the sector advances.
The week brings lower prices on vegetables with improved quality. tomatoes and grapes show declines, Irish and sweet potatoes cheaper though retail stays near, lake fish remains scarce, and oysters and greens show mixed demand.
Live 810CK Markets. The market report lists cattle receipts 1,512 head with no cattle shipped to New York. Hog receipts 2,250 head with active market and prices for Philadelphi a, best corn fed Yorkers, and various hog classes. Sheep receipts and shipments are noted with limited details.
Stack of receipts from New York to Chicago shows beef and cattle demand steady under dull to firm pricing. Prices listed for steer and heifer classes, with specific per hundredweight figures in multiple markets including Kansas City and St Louis. hogs and sheep show firmer to steady demand with varied weights and shipments.
New Yourember 12 notes wool markets firm and active, with total sales near 4.5 million pounds and the strongest activity in years. Prices vary by grade and region from fine to coarse, with Texas and California quotes, and delaine and combing fleeces in fair demand despite some hesitancy in certain lots.
Fragmentary OCR notes describe Little Liver Pits and Laine Liver Pius terms with reference to SICK HEADACHE remedies. Mentions Littie Liver Pita and Soli-7-Trasa in uncertain relation to product names. The readable parts suggest a treatment or patent medicine context without clear attribution.
The notice covers realty activity and market chatter. It notes a sale of 40 lots on Bennett street to a business syndicate for about 35,000 dollars and a 90-acre Nine teenth ward farm sold for around 28,000 dollars, with plans to subdivide and market the parcels to attract home seekers and spur ward improvements.
Trading showed modest losses amid cautious mood with 311,088 shares traded in New York. Coal and gas issues edged higher on growing natural gas supplies while electric and railway stocks weakened. Philadelphia Gas and Electric fluctuated as market activity paused through the day.
Market reports show funds not abundant with cautious liquidity. Banks report tight cash for outsiders while some lenders remain able for regular customers. Treasury actions expected to ease pressure. Call money in New York ranged 1.86 to 6 percent with strong rates, while various exchanges and clears show sizable daily totals.
Pennsylvania oil closed steady with light activity and the highest close of the day. New York exchanges showed resilience with active buying at the bottom and selling at the top as prices fluctuated from opening to close.
Corrected daily by John M Oakley Co and Pittsburg Patro with prices from Liverpool Bremen and other ports. Quoted put and call options show Puts 83 and calls 84 with Bremen refining at 6.44. McGrew quotes No 115 Fourth Avenue for further data.
The petroleum market opened steady with several regional trades and clearances reported. Prices moved higher through the day with peak quotes around 8 1/4 cents and totals showing about 147 000 barrels sold across sectors including Pennsylvania and Lima oils.
New York shares fell as money scarcity and bear pressure dampened weak holders. A Treasury secretary rumor sparked a brief rally after bankers discussed a large block of four percents, but overall activity remained cautious with notable drops in Burlington and Gainer and Sugar Refinery stock.
Trading closes with fractional changes and losses in key railway and chemical issues while canals and Pacific lines show gains. Readings total $106000 of $787000 sales as liquidation appears near complete and money demand hints at a future price recovery once credit tightness eases.
New York September 12 bar silver closed at 84 per ounce in London trading. In New York the dollar price stood near 1 1444 per troy ounce. Market data shows slight fluctuations as traders monitor global demand.
River intelligence reports rising floods hindering coal shipments on the Monongahela and Allegheny. Water levels reached 13 feet 6 inches on the Monongahela and a 4 foot rise on the Allegheny in 24 hours. Vessels depart Cincinnati for Pittsburg with empties while others are delayed by swift currents and drift. Local captains Moren Wood and Johnston travel to Chicago and Cincinnati as repairs and new boats are announced for winter and boat race excursions planned for East Liverpool.
Quality of receipts remains below par as weather drags down fruit and veg values. Grapes stay plentiful at low prices while butter eggs and apples fluctuate. citrus steady, bananas dull. Crude market notes allege lower prices across many commodities with Friday activity below average.
Market notes sugar advances have retreated to prior levels. Coffee and teas show mixed to firm movements while general groceries stay active with firm canned goods. Commodity lists cover Rio coffees, spices, petroleum, syrups, sugars, canned fruits and vegetables, dried fruits, nuts, and fish products with various brands and price ranges.
Grain Exchange bulletin lists carload sales across routes Pittsburg to Chicago Ft Wayne Cincinnati St Louis with corn hay oats and other commodities. Prices shown for timothy hay packing hay middlings rye flour and oats amid weather notes and rate variations by car type and market.
A fragmented list shows varied meat products with prices per unit or weight. It mentions hams bacon sausage dried beef shoulders and pork products with unusual spellings and several misread items.
Wheat trading was fair but unsettled with prices mixed and a down trend from yesterday. Corn and oats showed active trading with rallys and reversals as cold weather forecasts influenced shorts. soy and pork futures moved with modest gains or declines. Cash markets reflected steady to higher tones in flour and lard with varied spot quotes across cities including Chicago Saint Louis and Minneapolis.
Milwaukee and Duluth market notes show oats, rye and barley steady or firmer. Wheat opens steady then weakens under Northwestern ware pressure with No 1 and No 2 varieties listed and December bids recorded. Prices for pork lard and cash grains cited with January and May contracts in flux.
Edouard Strauss recounts a tale from Vienna about an elderly admirer who, in her will, asked a Strauss waltz to be played at her funeral with each musician paid a ducat. The heirs objected for religious reasons, yet the will’s provisions prevailed and the orchestra performed as the coffin was lowered, a moment judged inappropriate yet among Strauss favored pieces for sorrowful occasions.
A humorous tale recounts a drunken episode involving parrots on hats and a veteran founder’s quips. The narrator describes a sleepless stretch on tour ending with a spectral chorus of parrots croaking drink again while a promotion for an exposition bale and big prize is teased in tomorrow’s dispatch.
A reader notes many soaps claim to be "just as good as the Ivory" but rejects them as counterfeits lacking Ivory’s unique qualities. The piece urges shoppers to insist on Ivory Soap, claiming it is universally regarded as superior.
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