davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
THE FOREIGN METAL MARKETS.
A Moderate Demand for Pig Iron, Which Is
Going Upward Gloriously.
rsPEcIAL TELEGRAM 40 TnE pIsPArcH. }

ESPECIAL TELEGRAM TO THE DIsPATCH.l
NEW YORK, May 2S-The Iron Age thus re-
ports the foreign metal markets: In London,
operations in pig iron warrants, while not
on as large a scale as during the preceding
week, have been quite liberal, and prices
have f1uctuated widely. Some good sized
parcels changed hands, chiefly in settlement
of bear accounts, which are now be-
lieved to be reduced to moderate
proportions. Some however, have made
reported Improvement in the demand for
iron for consumption. Latest transactions
in warrants were at 54s604s Sd for Scotch, Ais
I'D for Cleveland and 53sl5Ss Cd for hematite.
The stock of warrants in Connal1s stores
have increased and now amount to 537, 900
tons Scotch and l2l, 900 tons Cleveland. The
pig tin market has been gutter and prices
have fallen somewhat Outside speculation
is very light at the present time. Active
speculative buying caused further rise in
prices of copper.
There has been more inquiry for tin plate
in particular demand. Prices have not been
affected, however, as there is still liberal
supply to draw upon while sellers are will
ing TO let go at late currencies.
The steel trade, as a whole, is quiet and
prices are irregular. Ship plates are now
offered at f6, without leading to larger puT-
chases. Bolckow, Vaughan & Co. have issued
q notice to steelmal1ers that their contracts
will be terminated in fortnight, owing to
low prices current. Over 900 men are con-
cerned. Three Glasgow metal firms have
failed, including Robb, with liabilities of
$4,000 Pyle, "a, 600 and Wylie Brown about
the same. Supplies of old iron reported as
being light in this market.
Scotch Pig Iron-Sales have been merely
fair, and prices show little change.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29

condition-not so good as last year, Dut 1e.
GER than any year preceding that since enS
bulge that followed the panic OF iSIo. .;uce 5us.
the let down in the middle of 1890. There is
not only more doing but more conhITnSS -
Special features were very scarce. gphi1a-
delphia and Wheeling Gas were Irlae ),
stronge and Second Avenue StreeS nam%@ ally ~
added half point to its credit Inc 1est ~
the fractions about held their own. VI gno Ii
miners Hidalgo and Luster were up paS
fraction each. Electric was weak seiilng a. AZ
l3A and finishing at the same inquire, wxtS wHtS
was little better than the lowest polnbo " .ao
day. 1t was dull in Boston, where IorenUon s,Sas
prices were l3 bid and 1313 asked. Ihere W.
nothing new to affect it either way, eAeoRo X
that the reorganization scheme was saiu W 10
gaining headway.
1t seems to be no longer doubted that tne ,li
Duquesne motors are too weak for the pig
cars, and 1t was said in some quargers iaS .iaS
the Westinghouse system would Dc trr19 79
unless the Thomson-Houston people Wouia 9 u
third motor. An official Of the Du9uesSni,e Si,
Company said: eve haven't reacneu u, !
kinsburg, but when we do we must MAKE as
Fl so she
all the power we need, but the puDiiio AZ
must give US little time to get tnihgs Ia
shape"
being quoted at s53@53IS for spot, and toS1a
@5359 for futures. Connecticut manufactuI-
ers are reported lending the metal 10 one On :
another. The Bigelow group of mines, tne
Boston and Montana, Tamarack, Osce0la' OF
Kearsarge, and Butte and Boston, sold 4soG, \!
900 pounds of copper in 1890, and tnls year Is
expected to sell 81, 100000 pounds, or rather'
more than the Calumet and Hecla.
A good authority on sugar says: Ine
American Company is making about 5-l6c per
pound net. This is good profit, and amply
provides for the payment of DIVIDEND IN
July. The question of paying dividend on
the common stock does not, however, turn Mn1,
on the question of earnings, but on the New
Jersey law, which requires full per cent on
the preferred to be paid first"
The Bank of England received yesterday
ESQ, 600 in gold from New York. American
eagles were quoted at 5es SD per ounce; a me ne
eagles it is expected, will stop. the further
export of bullion from the United States.
Sales on the local board were:
First caii-I5 Pipeage at 97l, 5 Monongahela
Water at %.
After call-50 Electric at 13lz.
Second call-No sales.
Third call-No sales.
Bids and asking prices at each call are ap-
lad.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
FLUCTUATING MARKETS.
Only the Repeated Injection Of BuIlish News
Saves Wheat From a Sharp Decline
Weakness in Corn and Oats-Provisions
mil and Changes SMALL

ONLY the Repeated Injection of Bul1ish News
Saves Wheat From a Sharp Decline
weakness in Corn and Oats-Provisions
Dull and Changes Small.
CHICAGO-Trading in wheat to-day was
of only moderate volume. The outside pub
lie was not taking much interest in the mar
ket, and the generality OF the trade was IN
clined to content itself with evening up its
trades. because after the close tomorrow
there will be no more trading until June ],
since Memorial Day falls on Saturday. This
left the scalpers and the shorts in MAY as
about the only persons interested in current
prices Spectators here and in New York
prices to sell on This plan was more easily
conceived than carried out, for although the
news was bullish and little brisk buying
easily lifted values, they were more easily
depressed, because the market had no real
support The consequence was that though
the market averaged higher than the close
Yesterday the scalpers were not able to get
rid of much of their holdings at profit.
The higher opening and subsequent ad-
vance were based on the report that the
French Government had accepted the pro,
posal of reduction of the duties to revictual
the French fortresses with q six months
supplv After a recession, due to the selling
out of some grain early, the market reacted
on a renewal of the old report that the Ger
man Government would remove duty on the
market was revived from time to time by
the injection of bullish news. Under these
influences the market huctuated within
narrow range and become duh and steady
during the later part of the session. July
opened at 991zc, against 991sc at the close
yesterday; advanced to 81 0Oss: reacted to
s97zc; rallied to 81 oo3s again; hung around
81 GOAL COZ, and closed at 81 00h.
Corn opened strong, under the influence of
light receipts and a rather urgent demand
from the shorts in May. As the day an
vanced it was found that the deliveries on
Nav contracts were large, and the estimates
of receipts for tomorrow were large. The
result was a break from the high point but
a rally followed later. July, which closed
yesterday at 54s4c, opened at 415c and ad-
vanced to 55s4c, broke to 541sc and rallied to
a5sc.
tine fluctuations of which were followed
rather closely.
Provisions were dull, and the small f1uctu-
ations noted in them were the result of sym
pathy with grains. Pork closed SC higher
than on yesterday, while lard and ribs were
unchanged.
The leading futures ranged as follows, as
corrected by John NJ. Oakley & Co., IS Sixth
street, members of Chicago Board of Trade:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
In the Grocery Line.

GREEN CoFFEE-Fancy, 241@251sc; choice Rio,
2a024c; prime Rio, 22Hc; low grade Rio, H@22c;
ea o ssSs % sHfSs %e ea1sess
orc; La Guayra, B9Hc.
ROASTED Tin papers)- Standard brands. .251sc; high
grades, 27@3oxc; old Government Java, bulk, Sl15
@34c; Maracaibo, 2s@S0c; Santos, 10000; pea
berry, soac; choice sIh3ss RE &c; prime Ro' 2c; good
hsS, ss,IoEs Sas @WhoieG i5a1sc aspice, 1oc;
cas 81 aobSeis bss supes s test
Ohio, 100, TIC; headlight 1902 7Hc; water white,
s@sHc; globe, .l49141Sc; elaine, 15c; carnadine,
1lc; royaline l4c; red oil, lo's@llc; purity, Aci
MINERS on,-No: water strained, 42@44c per
sYRUP-Corn syrup, 3o@ssc; choice sugar syrup,
a@ssc; prime sugar syrup, a4985c; strictly prime,
42a43c; medium, 3s@4Oc; mixed, S5@3s.
.soDA-Bi,carb. in kegs, s2@3ac: 5i.carb. In hs,
CHSDLEs Star. full weight, &c; stearine per set,
ri kIcReNHead RHdd CAROLINA, zA@7sc; choice. s,s@sxo
sTARcH-fearl, &c; corn starch. s@s'kc; gloss
FoREfIeN FRu1rs-Layer raisins, g 50; London
layers g. 75; Museates g 75: California Muscafels
Hf prunes. 7S@sc: French prunes, 1oS@mSc: saIonf.
sh haa &c. Ivss Hs
4oc; walnuts, nap, lsgl4c; Sicily flberts, I?c;
Scy s@yPes ss so cla Gafs' % an
peel 12c p ID; orange peel, 12c.
DRIED FR11Ts-Rpples, sliced, q ID, lie; apples,
lS9l6c; cherries, pitted, sc; cherries. unpitted.
ries 65Ss7c: huckleberries, Sc.
SUGARS : Cubes, Sc; powdered, SC; granMu, ~
&c; yellow. choice 87s@4c: yellow, good. sA@sSc;
PICK PIcKEIsHMedi1m. bbls Il, 2Oo), 81 90; medium.
f600l
I sALT@So. ' SS b6i, 81 90; No. extra p hbl, q 10;
Higgins Eureka, 4-bu sacks, % so; Higgins Eu-
reka, 16 14-fb packets, 50 90.
CANNED GoODs-Standard peaches. e 50@2 IS;
peaches as % s sol al 70; finest corn, Sal @ 50: o. Hd.
Co. cor 81 OO91 Is: red cherries, 35@1 40; Lima
beans, 81 35; soaked do. SOC; string do. 50950c;
pineappies, q 56Sf 60; Bahama DO, s S.: damson
ss 90: California apricofs. g 0o@2 30; California
egg piums, 81 80; extra white cherries g 65; rasp-
berries. 81 3s@1 As: Strawberries 309l 40; goose
berries g lS@l 5 lS tomatoes sscssl 90; salmon
eorned beef, 2-ib cans s. 20@2 25 In cans q 30;
baked beams 81 4o9l 5o lobster & a. 1-ib cans q %
mestic, Us q 1904 5o:. rs, 81 90; sardines, i'm
ported, rs 81 56912 80; sardines, imported, rs,
SIS 90; sardnes, mustard, "a 50 sardines, spiced,
FIsH-Extra No. 1 bloater mackerel, go 90 p Dbl:
extra No. do mess, SIS SO; extra No. mackerel,
shore "a 90 No shore el1ncs %askeEe s 90 Large Ss
stfps 5e zee COD In biccks sc Her
EnkSgSS SS sb sbre Wbte + s sS 'S g = l g. fss hs
6bI. Lake trout, IS so p half Dbl Finnan iiaddies
ioc p b. Iceland halibnt, lac Q p. Pickerel half
bbl 50; quarter bbl. 81 60. Holland herring. 75c
WaIkof herring, 90c.
OATMEAL-G 5Ol07 20 F3 Dbl.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
SMALL STOCK BUSINESS.
THE DULLEST DAY FOR A LONG TDdE
ON WALL STREET.
Burlington Disputes With st. Paul the
Leadership in Shares-A Favorable Bank
Statement Expected To-Day-More Gold
Now Coming Than Going Out

Burlington Disputes With st. Paul the
Leadership in Shares-A Favorable Bank
Statement Expected To-Day-More Gold
Now Coming Than Going Out.
NEW YORK, May 2s.-Again dullness was the
most prominent feature of the stock market,
and the dealings we're further contracted to
the smallest number of stocks traded in for
a long time, while the fluctuations were
strictly upon q parity with the amount of
business done. The lack of interest in the
market on the part of those operators who
are of weight In the speculation was also
made apparent in the absence of any par.
ticular tendency of prices during the greater
day, in fact were principally confined to the
efforts of the trading element to scalp a few
fractions on the short side fol, o quick turn,
Union Pacific, Louisville and Nashville and
st. Paul in the early trading, and the usual
proportion of regular business.
The operations in St. Paul were on de-
cidedly smaller scale than usual of late, and
Burlington fairly disputed its leadership in
the market, owing to the favorable state
ment for the month of April. The state-
ment, however, was sufficient to make only
small fractional gain in the stock. There
was little or nothing doing in the Gould
stocks, and of these Wabash preferred was
most prominent without exhibiting any
material change. st. Paul was severely
pounded by the traders for a time, but ies
usual support was forthcoming and no I'M
preston was made upon it.
The impression is prevalent that the bank
statement to be issued tomorrow will be a
most favorable one, as the exports of gold
have not balanced the known movement Of
funds to this point from the interior, and
probably for this reason, as much as
any, the traders and bears were content
to try the list only in spots and in q timid
manner. The point is made that the banks
are not in as good condition as during
previous years at this time, but there is less
demand for funds, and while there is dis
position TO hold OFF in making time loans,
there is no lack of money Offering on call,
and it Is q fact that while millions OF dollars
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29

WHEAr-No. 2red. q 11a1 Il; No. q q o6@I o..
CoRN-No. l yellow shell corn, 64965c; no.
yellow shell, 6a184c; high mixed. 6a96Sc; mixed
ear. 70971c: mixed ear corn, 6sq69c.
OArs-No. 1, 55l4@54c; No. white Sz'zcgoSc'
RYE-No. Pennsylvania and Michigan, sS(9sl;
No. Western, 98699c.
FLoUR-Jobbing prices-Fancy spring and win
ter patent four 50 00a6 Is; fancy straight winter
IS 5o95 Is; fancy straight SPRING S 50eS 1ot clear ear
80. Rye -four a 1906 %. Buckwheat flour, 214@
214c ID.
MILLFEED-No. white middlIngs. s24 009z4 80 q
ton; No. white middlings, ~ o0923 %; Drown
middlings SO 0O919 50; winter wheat bran, s3 So9
HAY-Baled timothy, choice, s1s oo912 50; No. 1,
sl1 50912 90; No. 2 do, % 0O99 50; loose IRON
wagon, sl2 o0@l5 %, according TO qgality; no
sTRAw-oats, IS OO@S 25; wheat and rye, - oo9
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
By Telegraph.

Chicago - Cattle = Receipts, 1900 head
shipments none; market slow and weak
prime and extra Steers, $5 S5@6 %; others,
al ID; Icows, 81 4O6S so. Hogs-Receipts, 26,-
to strong; rough and common, 81 O0@4 %;
5ed a5d packers apa set eSt q
"a So. Sheep-Receipts, 5000 head; ship
ments, 1900 head: market dull; natives, 81 AZ
@5 10: Texans, So O0@4 90; heavy Westerns,
S. 2015 25.
New York-Beeves-Recetp 2.l56 head,
all for exporters and slaughterers; no trade,
feeling firm; dressed beef steady at S15@954c;
shipments to-day, 80 beeves and 81 sheep; to-
morrow, 425 beeves. Calves-Receipts, 100
beaa mnEsst 5 ssaer % se r s
sheep, Il a5@5 50; lambs, 81 5o@s IS; dressed
mutton steady At s4@llc; dressed dressed lambs 1s7
head, consigned direct; nominalfy steady at
81 30@5 15
Omaha Cattle - Receipts, 1900 head;
market slow and 10c lower on steers; good
s0oE aesvs aan du amd
So 15@15 75; prime 1.2OO to 1,475-pound steers,
l5@4 50; fair to good lOSo TO- lSo00pSonnd S0d :!
market active and steady; all sold; range,
81 05@4 40; bulk, 81 5O@5 25; light, a 05@5 25;
heavy, n 1904 40; mixed, o. 20@5 %. Sheep
changed; natives, $3 0O@5 2o; Westerns, 81 IS
as 25
Cincinnati-Hogs in light demand and
ing and butchers, s4 1904 is: receipts, 1850
head; shipments, 74O head. Cattle easy;
common, 81 5O@3 90; fair to choice butcher
grades, s3 25@5 25: prime to choice ship
choice, $3 0O@4 rs; extra fat wethers and
yearlings, "a 1895 90; receipts, 4,5O0 head;
shipments, 1900 head. Lambs easy; common
to choice, So 0O@7 90 per 100 pounds.
Buffalo-Cattle-R Receipts, ,115loads through,
5 sale; market slow for common natives.
Hogs-Receipts, 8 loads through, 10 sale;
market steady for good grades; good medium,
"a S0@4 So; no good heavy here. Sheep and
lambs-Receipts, 8 loads through, 10 sale
and held over; market slow and lower; fair
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
A GAIN IN HARD CASH.
More Moneyin Circulation Than at Same
Time Last Year.


Time Last Year.
The home money market was quiet and
unchanged yesterday. The banks were re-
ported in plethoric condition. The dis
count business was moderate and borrowers
were not urgent. Rates were quoted at 61a@
Z per- cent for short and long dates respec
lively, the bulk of the transactions being
around the inside figure. Exchanges were
81 23s 200 70; balances, $349, ,3lS 81.
There has been good deal of talk about
what will happen to the money market In
the fall, when crops begin to move. The
following figures throw light on the Ques-
tion Amount of money in Circulation:
May l. 1881. oZ5 oIo ~
May l. lSSO l. 4o S5S, Uo
May l. 1883. lfi4 zol, 6OO
Here is gain over 1890 of $9l, ,323, ,060, with
gold exports of $27,O0O, 900, and over 1889 of
$l15, ,065, ,474. So there is no ground for appre-
hending q stringent market: and this ground
less fear is further silenced by the certainty
that gold imports will begin early in the
summer.
At New York yesterday money on call was
easy ranging from 3 to 4 per cent; last
loan 8; closed offered at 8. Prime mercan-
tile paper, 515@7. Sterling exchange quiet
but strong at 81 s4Z for 60-day bills and
81 SSA for demand.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
STILL QUIET ON THE WHARF.

Very Little Business to Be Done Before the
Expected June Rise.
THE 81. Z. Bedford will leave at noon to-
day for Parkersburg.
THE marks on the Monongahela wharf
show feet inches and stationary.
THE Bachelor has received general over
hauling. The work was finished yesterday,
when she was taken down to Brunots
Island, where. the Scotia is tied up. The
Hudson will be finished Tuesday.
THE work of condemning property to be
used in the construction OF the Beaver dam
was begun yesterday by Colonel Merrill.
The matter was taken into the Beaver
county courts by him. 1t will be several
months before work can be commenced, as
complications are always sure to arise in
cases of this kind.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
Grain. Flour and Feed.

Sales on call at the Grain Exchange, 1OG
bales mixed hay 81 80: car hay and straw,
SO and So; 3 cars sample shell corn, &C, B. 6
o. Receipts as bulletined, '26 cars, of which
II were by Pittsburg, Ft. Wayne and Chicago
Railway, as follows: cars of hay, Iof rye, .
of oats, of hay and straw, of flour, l OF
flour and bran. By Pittsburg, Cincinnati
and st. Louis, l car of oats, 8 of corn. By
Baltimore and Ohio, 4 cars of corn, 8 of hay,
l of wheat. By Pittsburg and Lake Erie,
car of hay of malt. The cereal situation
remains as last reported. Notwithstanding
improved markets in the West, the tone here
is weak. There are few buyers and many
sellers, and the few buyers move very eau
tiously since the collapse of the late bull
movement Regular dealers only buy for
Immediate wants when markets are as they
have been the past few weeks.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
,LLEGHENY VALLEY RAILROAD

aLLEGHENY VALLEY RAILROAD
A Trains leave Union station Eastern Standard
tIme): East Brady Ac., 6:55 q. m; Niagara Ex.,
daily s:l5 m. Arriving at Buffalo at s;4s p M;
a. M: valley Camp Xc., 1905 p. m; Oil city and
Dubois Express, 1:sop. m. /: Hutton Ac. s;oop m;
D. m. Kitfanning Ac.. $50 p. M; Braeburn Ac.,
daily, s:45 p m. ARRIVING at Buffalo 7:2o a. m.
D. m. Church trains-Emlenton, a. mi Kit
tanning 12:40 D. m. Braeburn, e:4o p. m. Pull
night trains between Pfttsburg and Buffalo. JAS.
r. ANDERSON. G. 7, Agt. DAVID MccARGo.
Gen. Hupt.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29

OF. gold have gone out the product Of the
mines in the past year has been about
$4,000, 900 and the issue of certificates against
the silver produced is making money easy
and Will create increasing ease in monetary
centers as time goes on.
The transactions of the day foot up only
94,025 listed and 1891 unlisted, Burlington
contributing 2l, ,7l0 and st. Paul only lS,IW:
Railroad bonds were dull, as usual, !ne
the usual lack of feature In the trading, and
the usual insignificant movements IN the
list. Toledo, st. Louis and Kansas City ISIS
1sSc to Size; but Chicago and East Illinois
consols lost 1c at 96c.
The following table shows the prices OF active
Corrected daily for THE DISPATCH by WHITNEY
STEPHENSON, oldest Pittsbnrg members oi the
New FORK Stock Exchange 81 Fourth avenue;
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
Closing Bond Quotations.
Bank Clearings.

SrLoUIs-Clearings, $3,0s5,551; balances,
1896, ,426. Money 7@s per cent. Exchange on
New York, soc premium.
MEMPH1s-New York exchange selling at 81
premium. Clearings, $293, ls7; balances, SS4,-
093
CHICAGo-Clearings were $13,S 900. New
money were steady at 5@6 per cent for call
and time loans.
NEW ORLEANs-Clearings, 81, ,2l3, ,130.
NEW YoRK-Clearings, $97, ,253, ,224; balances,
$4, ,337, $3.50.
BosToN L Clearings, $l3227, ,662; balances,
81, ,391, ,S31. Money 3 per cent. Exchange on
New York 10 to 15 cents discount.
PHILADELPHIA A1Clearings, $s,576ol2; bal
BALTIMoRE-Clearings, 81, l61 800; balances,
$325, $3.50. Money 6per cent.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
HOME SECURITIES.
SELLERS AND BUYERS PUT IN THE
TIME GLARING AT EACH OTHER.

Another Day Without Steam-Buying Or
ders Below the Market-A Few Ups and
Downs-Duquesne Traction to Meet the
Emergency-CopperA Advancing.
Examination of the sales at yesterdays
local stock calls will disclose that the mar
ket was almost at standstill, only 20 shares
changing hands. The only active properties
were Pipeage, Monongahela Water and Elec-
trio, and they were not active to hurt.
There were some buying orders, but bids
and asking prices could not be harmonized.
Concessions no doubt would have made bus
mess, but the temper of the market was such
that neither side was disposed to assume
fresh obligations. There were no bulls, at least
none ofrthe old-fashioned, believing kind,
and the bears were as docile as sheep. There
were no outside influences to stir up things
London was little better, but New York
was almost as lifeless as Pittsburg.
Speaking of the apathy in speculative lines
yesterday business man remarked: sit is
pretty good evidence that the legitimate
business OF the country is In prosperous
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-29
Coffee Markets.

NEW YORK, May 2s-Coffee options steady.
points up to down; closed Steady and un,
changed TO points up. Sales, Il, 900 bags, in
cIudfng May, 17.60@l7. CSC; June, 17.45c; July,
I7256i7 soc; August, 1850 soc: September,
l6 lO6DI6. I5c; October, l550@l5.55c; March,
goes, 2Oc; No. Z, lSlzc.
BALTIMORE, May 2s-Coffee steady; Rio, fair,
l95z G2Oc; No. z, ls1z@ls1zc.
New ORLEANS, May 2s.-Coffee quiet; Rio,
ordinary to fair, lS3zc.