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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 30, 1889
Page
3
Thanksgiving week drives meat and produce shifts as pork and hog prices dip while turkey prices spike at Diamond Market. Florists report active floral trades with demand rising in Greensburg and nearby towns as oysters remain profitable for Baltimore dealers.
The Pittsburg Dispatch provides a live stock market summary from the East Liberty Stock Yards. Receipts totaled 88 head with cattle shipped to New York today and hogs receipts noted, market steady at Monday's prices. Mears arranged cattle shipments to New York.
Telegraph reports New York city market activity with carloads for home export and market. Receipts include 500 head cattle 11 500 sheep and 120 beeves 740 calves with prices in dollars per hundred pounds and per head. shipments to Texas and Kansas City noted. market described as strong for best stock and steady for ordinary weights amid mixed cattle and calf sales.
Chicago markets show a moderate decline in wheat with local selling pressure and scattered buying for May delivery on foreign accounts. Futures range tight, cash corn weaker outside November months, and related items like flour, butter, and eggs show steady or quiet activity across exchanges in Philadelphia and Minneapolis.
The wool market continued quiet in St Louis with total receipts near 90,080 pounds and weekly sales reaching 8,596,500 for washed fleeces. Prices held firm at 3s per pound in several grades, Michigan saw small sales of X and No 1 at firm levels, while California results remained largely undisclosed.
Beaver editor Weyand reports a booming town with new streets, electric roads, and growing real estate driven by canal prospects and rapid transit. He notes roaring activity, rising property values, and strong local cash demand, predicting Beaver’s rise toward city status.
The stock market was dull with only 186 shares traded and 9 of them in Philadelphia Gas. Valley Railway showed a fractional advance while Pennsylvania remained steady. No major new developments affected values as of midday trading.
The report lists total stock sales in New York including Ambridge Dela Lackawacns Lake Donner Texas and Ft Worth divisions. It notes shares of several rail and utility firms such as Missouri Pacific Northern Pacific Western Union among others.
In Pittsburg banking and clearinghouse figures show steady demand for loans and favorable balances. The Clearing House report notes $3,015,442.49 exchanges and $3,548,424 balances as sources of business largely local to the city, with a cautious but stable money market.
A volatile oil market saw Harry Smith dominate the forenoon with aggressive moves, then shift tactics and ball a cent and a ball refined upward while London prices rose but failed to draw buyer attention. Field news stayed bearish, indices opened at 1474 and closed near 106 with wide swings and profitable scalping. Traders blamed margins and blamed puppetry to the market as prices fluctuated amid brief bursts of excitement.
The Duncan Oil Company reports activity on the Smith farm near Belmont station, five miles below the area. A new well is drilling with oil flows observed. the depth and sand content remain uncertain, with speculation about whether the well will prove a lasting producer.
Crude OCR fragment references lowest and highest bids with phrases like dollars and percentages. Mentions a figure around 106 and a value 88, but details and entities are incomplete. No clear event, person, or organization can be confirmed from the readable text.
Charles Somers & Co sold a vacant lot on Colwell Street near Vine for 1500 dollars to Andrew Dressel. John Richter bought a frame house on Washington Avenue for Magdalena Hartman. Conrad Fischer acquired part of a lot on Avon Street for 1200 dollars. Additional transactions include parcels in Avoca and properties on Avenue, all handled by Samuel W Black & Co at 9% Fourth Avenue.
New York feared fire-driven losses hit the stock market with heavy declines led by Chicago Gas and related utilities. Pressure to sell grew as money concerns rose on month-end disbursements, with many industrials tumbling and the market closing near intraday lows.
A garbled report mentions limited activity at a weekly market on November 22 with some orders placed. Details on items or buyers are unclear, leaving only vague reference to goods and money exchanged.
O Kesre Gas Apriianon Co advertises gas fires gas stoves and gas ranges at 4 Fifth Avenue. The compact notice highlights home heating appliances and appliance availability.
Market notes report firmer hogs and hog products with rising prices and active eggs. Weather improved trade, turkeys sold well, and sugars joined the advance. Coffee, lard, molasses, and selected dairy items show strength as prices edge higher.
Receipts bulletined at the Grain Exchange show mixed consignments from Pittsburg Fort Wayne Chicago and other lines. Cars include hay flour wheat barley middlings oats straw malt and related grains with unclear spellings and disrupted text.
Market notes stronger domestic demand and firmer prices for iron products. Lead times ease on steady deliveries, while price trends show gains driven by improving consumption and supply dynamics.
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