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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 16, 1889
Page
3
The dispatch reports scarce eggs and poultry with coming supplies from the West and rising Elgin creamery prices. Fruit and vegetable markets show little change with steady livestock prices, while butter and beef rates remain near last year. Florists expect stronger demand toward Christmas as fresh produce and fish prices fluctuate.
The Condition of Business at the East Liberty Stock Yards shows cattle receipts at 0 head with 4 head shipped. market steady with average prices. Hog receipts near 5,000 head, 0 shipments, market firm with grades from 3 to 4 dollars. five hog cars shipped to New York. Sheep receipts 1,600 head, 1,000 head shipped. market time doing.
Telegraph notes New York Reeves receipts with 33 carloads for market and 30 carloads for export, cattle and calves to market at higher per pound prices. Chicago market shows 6,000 head cattle, steady to higher, hogs near 4.0 to 4.60 per 100 pounds, calves weak, sheep barely steady, and stockers and feeders in demand.
A brief market note lists iron and steel as active with 2048 yen or unit. Copper is dull but steady near $250. Timely observations indicate quiet demand and sparse trading across the sector.
A broad market summary notes a moderate speculative trade with no major price changes. European markets are steady, domestic sentiment mixed but generally firm or higher, with large floor traders cautious and a prominent trader active across sides. Wheat, corn, and lard show varied but steady to firmer levels amid light receipts and favorable weather for new crops.
November reports show buyers active but staple goods quiet while the season’s specialties promise fair prospects. Cotton remains firm with a cheerful tone, coarse yarns rising, and many agreeing to tidy semi annual accounts though certainty is limited.
The Pennsylvania Railroad now serves Mount Pleasant with four daily trains on the Scottdale branch five miles long from Scottdale Junction. Previously travelers rode by stage from Stonerville. District officials Watt and Erringer completed the passenger arrangements after a test run.
Fragmentary OCR shows an old advertisement for a patent medicine called Little Liver Pills and multiple misspellings. The excerpt hints at a health claim for curing sickness and headaches. No clear event or outcome is present in the readable text.
A circulation drive seeks signatures of property owners for grading paving and sewering Thomas Street from Boulevard Place to the city line. The 100 foot wide flagstone street is expected to be completed in spring with costs between 400000 and 900000 dollars amid complaints about delays on nearby Atwood and Boquet streets.
Stock market quiet with 25 shares traded. Pittsburgh Allegheny and Manchester Railway jumped to 25 from 235 due to reorganizational developments. Keystone Construction parades opened with a bid of 100, while the broader market showed little strength and weak animation.
The local money market remains quiet with ample funds for business needs. Bank figures show closing bond quotations steady, call money plentiful but no offers below 6 percent, and various balance totals across institutions reflecting a stable if subdued credit environment.
The Oil Exchange showed reduced activity and weaker sentiment with lighter trading. Prices moved between 1 1044 and 1 0934, closing near 2 10 bid as Pittsburg led highs. field news and new wells received limited impact.
Corrected market notes by John M. Caxiey Co list puts and calls with quoted levels. New York petroleum prices trade near 1.0 per barrel, rising early then retreating to around 1.00 as sales hit totals totaling 904000.
Movements in Realty record numerous property sales in Allegheny City and Pittsburgh areas. Transactions include Norman May selling to Anna Smith a Grant and Western avenues lot, Mellon Bros. sales via Jamison & Dickie, and several parcels on St Clair, Broad, Shakespeare, Linden, and Stanton avenues. Amounts range from 1 200 to 15 000 dollars, with houses, lots, and farms changing hands.
The New York stock market opened strong with broad advances led by St Paul as London buyers fueled demand. Large trades in St Paul and heavy Chicago purchases supported a bullish mood, while Cotton Oil weakened after early gains. A market-wide pullback followed amid profit taking and scattered selling among some rails.
In brisk trading the market showed gains for Tennessee Coal and notable jumps, while Louisville and Nashville bonds ebbed and Cotton Oil weakened. Railroad securities were active with wide distribution led by Ft. Wayne Denver firsts and Wabash issues, as prices fluctuated and a cautious recovery set in after noon.
The item mix reports Iron City Brewing’s charter filing and refinery shifts. oil exports for ten months reach 44.1 million dollars. Moorhead McLean e Company upgrades Soho furnaces. December pension payment due, totaling about 4 million. Also noted: Mahoning Valley iron workers strike action pending and blast furnace adjustments at Edgar Thomson, with restart projections.
The Pittsburg and Lake Erie Railroad issues a new timetable to take effect tomorrow adding three solid trains on the P M K and Y line between Pittsburg and Bellevernon. Trains depart Pittsburg at 6 30 p m 11 45 p m and 3 50 p m. Also an ad promotes Dr D Jaynes Sanative Pills for disordered stomach costiveness and biliousness with claims of liver stimulation and regular evacuations.
November 15 report from Office of Pirranuna Dist TOR compares country produce and jobbing prices for cheese, eggs, potatoes, sweet potatoes, apples, tropical fruits, and canned goods. notes rising prices, quiet trade, some factories closing for winter, and declines in Western potato receipts. cites shipping challenges and varied Groceries and meats with multiple commodity quotes.
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