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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 30, 1891
Page
7
Dr. Talmage delivers a Thanksgiving sermon at Keoxtus drawing on Psalm 148 to praise creation. He extols divine care for animals, the wonders of human anatomy, and God's adaptations for man, linking gratitude to health crops liberty and faith, while urging consecrated, grateful lives.
Last Saturday's output reached 60 500 barrels, down from 57 000 yesterday as fewer wells produced. Mellon & Co. added their No 4 on Neely farm. several other wells showed limited or no pay, with total field production about 37 000 barrels and stock down to 147 000 barrels.
The report shows McDonald operations with 7,851,770 barrels on Wednesday and 65,717.04 barrels on Thursday plus 55,436.57 on Friday. External movement lists 96,? barrels and 46,063 transitions with shipments of 74,830.28, indicating ongoing flow and totals for the period.
The period shows little activity in a once high profile commodity market. Traders report subdued inquiries, fear of the McDonald field, and a narrow weekly range with modest price moves. Opened to 640c in New York with minor global quotes and sizable barrel runs.
The Trade Review reports a volatile week in markets with turkey fears lifting prices early then a late decline. Cheese shows signals of a corner as Western firms buy ahead, fruit prices slide on heavy Florida orange supply, and butter remains steady while country butter gains demand. Live stock markets weaken amid Thanksgiving demand, with hogs and bees tops varying and cattle prices down. hides hold near prior levels as buyers adjust to expected price shifts.
Orrice prices distant trading day notes cattle receipts 29 head shipments 900 head market dull through consignments no cattle shipped to New York hogs receipts 2859 head shipments 4000 head market fair Philadelphia best Yorkers mixed 65 to 75 light Yorkers 40 to 50 pigs 3.00 to 3.25 seven ears hogs shipped to New York today cattle and hogs for the week end with slow market at unchanged prices.
Telegraph market notes from Buffalo and Chicago detail cattle receipts around 2,000 to 2,500 head with steady to stronger values for natives and Texans, hogs around 30,000 head with opening strength and close softer, sheep steady to fair, and mixed results in Kansas City and Cincinnati shipments. Prices quoted for various grades and weights highlight broad demand, with several regions noting firmer action on quality cattle and lighter, common lots showing softer tendencies.
On Saturday dry goods saw strong activity in staple cottons including brown bleached and colored varieties while medium bleached shirtings were slow. Buyers held for concessions but prices showed no drop, lighter stock overall. Printed cloths remained in firmer demand as woolens and dress goods remained limited.
New York November 26 coffee futures opened steady with mixed moves 10 to 20 points, closed steady 15 to 20 points down. Trade total 18 500 bags including November and December contracts. Spot market dull but steady with No 7 at leg.
Cash commodity prices show oats steady in Chicago and Minneapolis weak wheat. Wheat and corn futures fluctuate with Western weather notes shaping latest closes. Regional summaries include Philadelphia and Baltimore wheat rates, oats firmness, and corn options steady to irregular.
The week in stocks shows better than expected activity with a broad range of properties indicating renewed speculative interest. Philadelphia Gas and Duquesne Traction led gains, with notable price moves in Manufacturers' Gas, Central Traction, Lusterny Airbrake, and Pittburgh Tractions. Week sales totaled 4,497 shares and $5,000 in Duquesne bonds, with Philadelphia Gas at 13 and 15 1 2 percent in recent trades. The money market remained quiet, bank clearings strong despite the holiday, and New York bank data showed broad gains across reserves, loans, and deposits.
The Burrell Improvement Company lists Kensington sales including Camlin Craig Pittsburg lot 99 and 30 in block 9 for 785 dollars to M Fagan Pittsburg lot 58 anchor for 825 dollars to Sarah C Smith Allegheny Pa block 6 cash to Sarah Smith Lexheny lot 60 block 7 for 200 dollars to John O Doherr Pittsburg lot 68 more 325 dollars to Mrs Ann Zimmer Scot ven Part nt 17 block 17 for 875 dollars
Special report lists latent quotations for several electric companies including Ft. W Electric Co Thomson-Houston Electric Co Westinghouse Eastern Electric Cable Co and Electric Welding Co with prices shown as figures like 735 79 1260 and 2500 among others in a dated Boston market column.
Poultry supply outstrips demand since Thanksgiving with dressed turkeys slipping to 12.5 to 13 cents per pound. Fresh eyes scarce, butter steady, cheese firm, and fruit lines soft in tropical categories. Other market items include vegetables, beans, and various nuts with wide price ranges and a note of steady sugars and coffees.
Grain prices and deliveries posted at the Grain Exchange show spot and dealer quotes on middlings oats and timothy hay, with wheat bran, corn and flour entries. Weekly receipts by railroad lines and totals for the week ending November 97,261 cars, led by wheat and hay. corn prices remained steady as no changes occurred in provisions.
The New Year November stock market shows dull, featureless trading across centers with easy money at low rates. Chicago Gas leads losses as it slides to 1 percent, while overall volume totals 74,858 shares and several rails and utilities move but without notable gains.
New York mining stock list provided shows prices for numerous stakes including Alice 125, Best and Belcher 215, Chollar 125, Crown Point 100, Consolidated California and Virginia 470, Deadwood 16, Eureka Consolidated 175, Gould and Curry 12, Hale and Norcross 1250, Homestake 100, Horn Silver 575, Lion Silver 15, Mexican 220, Ontario 30, Ophir 83, Plymouth 200, Union Consolidated IN, Yellow Jacket 0, and others.
New York and Loxpon report turpentine dull and weak at five cents per something Rosin dull and steady strained common to good at 116. Turpentine markets show reduced activity with prices quoted, while rosin holds steadier levels.
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