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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Dec 12, 1889
Page
7
The East Liberty cattle market shows little quality improvement with 125 carloads Monday and about 130 for the week. Low grade stock dominates, light butcher stock is scarce, and many buyers hold off as stock raisers dump poor stock to save winter feed. Hog sales are slow with large supplies and prices ease further.
McCall & Cos Weekly Review notes liberal cattle supply and poor quality with few good cattle on offer. Prices for different grades are listed, but overall market remains dull and slow with light receipts and weak demand.
Telegraph data from New York and Chicago markets show cattle receipts around 14 000 in Chicago with 1 000 head shipped. Prices range from about 425 to 495 for good native steers and 344 to 386 for hogs, with lambs and sheep holding firm and calves and stockers lower on some reads. Market activity varied by class with steady or slow demand noted for several categories.
The New York market shows a strong upward tendency among drygoueds with no stupendous changes. The notable movement continues as buyers pursue higher prices amid steady demand and cautious trading.
General Moore arrives as parades and jubilee meetings mark a day of celebration. A formal business session approves a name change for the organization to The Christian Crusaders amid a hallelujah marriage ceremony led by the general and Captain Allene.
An unclear OCR fragment mentions medicine and a child seeking relief, with garbled phrases about taste and necessity. The text references drug use and medical concerns but lacks coherent details or proper names to identify a clear event or source.
Market report shows dull Curcaco and Wheat trading with modest May delivery buying on foreign account. Northwest receipts fall while outside news offers no encouragement. prices ease across grains with thin activity and firmer cables.
An array of brief items covers a Diamond National Bank annual meeting on January 14, dissolution of F. D. Morris & Co. brokerage, a street bridge bond issue, impending sale of pig iron and ore, rising vocal bond investments, and miscellaneous financial notes including mortgage recordings, U S Treasury bond activity, and a McKeeport School Board debt refund plan.
A Pittsburgh real estate outlook notes strong market conditions through winter with high activity in downtown properties and upcoming suburban interest. East End focus centers Penn Avenue between Hiland and Negley as new business hub, following Negley and Penn corner sale to James C. Dick. A letter to the Financial Editor commends the fire department, urges stronger engines, and calls insurers to share fire protection costs.
The stock opened at 4 4/. slipped on heavy selling to 4% value near 7g, then closed steady at 7 bid and 4711 asked. A broker cited $6,000,000 indebtedness rumors and general Wariness of Westinghouse properties as the main market forces behind the movement.
Money was easy yesterday with strong demand from nearly all business classes. Rates steady around 6.7 percent call and time, with mercantile paper and sterling quoted. Chicago and New York clearings and balances listed, money demand described as continuing good despite the rain.
The oil market opened weak yesterday and closed steady with fair scalpings but little price action. Prices showed minor gains in Stamford and Oil City as shorts were covered, while Pittsburgh and New York were modest sellers. New York demanded cash oil but could not obtain it.
Movements in Realty report multiple sales across Pittsburgh areas including nine room Federal street residence to Mary Mallory for 9000 cash and a 100x100 foot Howley avenue lot sold to William Velte for 5000 cash. Also notes mortgages and additional property transfers in McKeesport, Homestead, and Bellefonte street areas with various buyers and prices.
In New York December markets opened modestly improved, London showed firmer buying. bears targeted weak issues. Coal stocks and utilities led declines while gas shares drew attention as traders weighed recent money-rate manipulation and ongoing market uncertainty.
Trading remained steady as bonds and railroad shares showed moderate demand. Total sales reached 1,531,000 with Colorado and Santa Fe contributing 198,000, while banks anticipate loan reductions before January dividends. NYSE prices mirrored a cautious, near stable close with minor advances and some late bidding.
Philadelphia stocks and exchanges show mixed activity as traders track New York and London markets. Analysts cite volatility in early trading and cautious momentum across sectors with financials leading gains and industrials lagging.
Markets report mild weather depressing activity but lifting prices for dairy butter and cheese. Eggs and fresh corn are scarce, while grain and beans hold firm with expectations of higher future prices as the Brasilian Republic outcome looms. several farm goods and canned items show varied demand and steady, cautiously optimistic trends.
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