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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 27, 1889
Page
7
In Pittsburg, November trade shows strength in rubber footwear and dry goods despite hog price slumps. Jobbers report strong footwear demand with shortages at New Haven factories, while prices are edging up. Elevators remain steady, and dry roads dampen travel for goods movement as forecasts hint at continued activity into year end.
The market shows firmness with prime steers at 100, good at 80 to 83, fair around 60s, and bulls near 50. East Liberty yard reports 1,100 head of Hoosac cattle, Philadelphia and New York prices listed, hog shipments limited with 1,600 head observed and 200 head shipped yesterday. overall market activity described as firm and active at previous prices.
Telegraphic market summaries recount cattle receipts at major hubs, noting 5 000 bead in Chicago and 340 in New York, with beef demand dull and exports weak. Prices show steady or lower values across categories including stockers, feeders, and cows, while sheep and hogs maintain fair demand and steady to unchanged prices, reflecting subdued overall activity.
Wheat markets showed firmer buying with bulls dominant on reaction hope and some investment support. December rose about 1 cent while May gained around 1 to 1.5 cents with close firmer, aided by reduced ocean arrivals and favorable weather signals in the southwest. corn and oats traded unevenly with near deliveries stronger.
AliM Cali donia B. 18 VirginiaS Slorra Nevada 2a.
In November the New York cotton market showed fair business with no change in prices and steady demand. Traders cited balanced supply and modest activity across futures.
Nostalgic reminiscence shows a mother giving Castoria to her sick baby and child ages, continuing the remedy as the girl grows into Misa and becomes a mother herself. Castoria remains a constant in the family routine across generations.
Real estate activity rises in Allegheny City as George Dick buys a Negley Pend corner lot for 13450 with plans to build next spring. Loans extend for 1000 to 10000 dollars as investors seek sites and materials, boosting new housing, building inspectors, and moving day changes.
A better feeling spread through the market as stocks advanced while overall volume was lighter than the prior day. Luster Mining Company traded for the first time in regular style with a positive outlook, and several favorites showed strong demand in late sessions. Central Traction and Pittsburg Traction held steady as investors remained confident in the rest of the list.
The day’s money market showed no shortages as all good paper was offered and accepted by local bankers. Availability of accommodations and active checking and depositing were noted with rates around 6 to 7 percent.
The oil market opened around 106 percent and swung through an active session with prices touching 107 and later slipping back. Positive sentiment emerged from Pittsburgh and Beaver reports, while the Racoon Oil Company’s Bigle farm well produced about 5000 barrels daily, signaling strong early output.
Real estate deals recorded include John Lackhaupt et al selling ground and a four room frame house on Rhine street Spring Hill Allegheny for 66 100. W A Herron & Sona sold Bellevue property for 2100 cash. Gartside heirs sell to Evan Jones and John F station. M L Kendall sells Main street Coraopolis front 67 feet for 275 to Arabella McCabe. James & Co. report two East End houses six rooms each with a mortgage around 1000, and a further mortgage on LM property. Pennell & Son note mortgages totaling 1001 on Homestead and ward property at 6 percent. J E Glass, 188 Fifth Avenue, reports old mortgage activity. Alles & Bailey sell Hamilton property share in adjoining lots on Pierce avenue for 60000 basis. Samuel W Black &Co place a 1600 mortgage for three years at 0 percent. Twenty third ward Pittsburgh.
Quiet trading dominated the session as the general list moved within narrow bounds while a few stocks showed minor moves. Atchison remained the most active though off from yesterday, New England rose in the afternoon, and other low priced issues like Denver Texas and Fu displayed small gains amid thin volume.
The article discusses stock market optimism for railroad shares, noting temporary caps on prices from bears and bulls and improvements in railroad prospects. It highlights Vanderbilt roads’ large earnings as a key factor likely to boost stock prices within a month, with references to market activity and daily corrections by exchange firms.
Prices for butter rise at Elgin while local markets follow with higher rates for creamery items and eggs. Demand remains strong for turkey and apples as beans, cheese, and other staples show steady or improved levels amid wholesale grocery movement and ongoing price adjustments.
Turbulent events flood late news items from Sioux City with reports of diphtheria outbreaks, a Chicago mortgage fraud probe reaching near a million dollars, a fatal building explosion near Garrsville, and a wreck on the East Tennessee Virginia Georgia line causing multiple deaths and property damage. Additional notes cover a Newton County Court ruling on Indian school law, Afro-American League convention changes, and a libel case tied to Huston.
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