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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Nov 30, 1892
Page
3
New York stocks opened firm on London demand and short-covering but faded into weakness as traders expected further losses. Reading rose among rail shares while Louisville and Nashville led advances in the rail list. overall activity was light with 61.1 million dollars in stock sales.
In Chicago on November 22 observers saw a brief spike in grain prices sparked by a lively provision pit but by nightfall quotes for wheat and corn fell compared with the previous day. Deals indicated dull rooms and a demoralized English market with farmers reluctant to sell at low prices.
Market summary shows plentiful receipts and steady to weaker tones. Wheat and corn futures traded with mixed moves while spot markets eased. oats and rye offered modest activity. coffee and sugar futures rose slightly while butter and cheese held firm.
The Philadelphia Gas Company stock fell late in trading and closed weak at 20 59 203. Sproul & Co. and W J Robinson led selling while Barbour Rinehart and others bought. A broader market unease from large ocean steamer oil loans and coinsurance talks added pressure on gas and transit shares across Pittsburgh and Boston area exchanges.
Money on call firmer but unchanged rates at 5.6 per cent, ample idle funds, and steady exchange rates. Reports from New York, Pittsburgh, Boston, Baltimore, Chicago, New Orleans, and other cities note stable bank clearings and modest variations in exchange, with money markets hovering near last figures.
A Forest Oil Company No.2 well on the Stirling farm near Oakdale is producing 12 to 18 barrels per hour, amid a field of small wells. Other wells near Marshall farm and Potter farm show varied results, with gas and oil indications in multiple sands and several rigs drilling toward new targets.
Dec option ranges listed with opening high and low figures across New York London Antwerp and other centers. Some entries show no sales for Pennsylvania oil spots or Lima oil. overall activity described as dull with scattered bids and listings.
New York notices a dull steady pit iron market at 1200 with a 15 50 bid. Copper holds around 12 10 to 12 30, lead weak at 370 bid, tin closes steadier at 19 bid.
Loxpow notes bullion drawn from the Bank of England on balance at £35,000. Linseed oil price listed as 18s. Tigrow pans report three percent routes at 97f 42g. Bar silver in London quoted at 33.164 per ounce with New York dealers' price for silver at 8c per ounce.
An eight acre Hays property change hands in Osborn with price near 10 000 dollars, and a large East End tract sells for 35 000 dollars. Brokers meet at the Chamber of Commerce to form a Real Estate Exchange with officers elected, plans for constitution and bylaws discussed, and several property and permit transactions listed by agents including Kelty Home Dressed Meat and multiple lot and house sales across the city.
Elgin creamery butter sales hold last week quotations with no weekly change, while market strength suggests price advances ahead. Coffee prices rise driven by limited stocks, with Rio and Santos markets higher and exports active. roasters expect further increases despite plans to curb consumption.
Today on call at the Grain and Flour Exchange one car sample oats spot 40c one car new No 2 yellow shelled corn spot 48lgc one car No 2 timothy day spot 2 ag one car No 1 white middlings spot ten days 1500 bids and ottera SPOT
A dense OCR of a grocery catalog shows prices for fruits, vegetables, canned goods, meats, and dairy. It lists brands like Baney, D8se, and California products, with items such as peaches, prunes, sultanas, tomatoes, corn, beans, and butter.
Prices show fruit and vegetable markets easing with many items steady. Apples at 34 per barrel, oranges 3 40 50 per box, grapes at me per pound, cranberries slow, cherries and pears mixed, potatoes 73 30e per bushel, and Maryland and Jersey shipments affecting local rates.
A dense catalog of farm commodities and animal hides with per unit prices. Includes buckwheat flour seeds honey almonds walnuts various nuts beans corn and barley by the bushel or pound, plus several kinds of hides and pelts with weight ranges and rate figures.
Cattle receipts and shipments plentiful across East Lierry, Chicago, and Kansas City with firm markets yesterday and today. Hog and sheep entries mixed to higher on topside, with cows and feeders steady to higher. New York exports and Buffalo sales show steady to firm pricing across beef, pork, and lamb categories.
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