Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-27
A GENERAL HOLIDAY.
Excellent Reasons for Putting Off the
Harness for a Day.
THE YEARBErTER THANEXPECTED
A Few Points Picked Up Which May Sug-
gest Business for Investors.
TURKEYS Dull AND LOWER In PRICE

Yesterday was observed as close holiday
in this citv. The quietude which prevailed
on Fourth avenue was in striking contrast
with its usual animation. Financial insti-
tutions were closed to outsiders. A few Of
the real estate brokers visited their offices
in the morning, but devoted the greater
part OF the day to ''sawing wood"
The year has been fruitful of temporal
blessings. 1t started out full of discour-
agement. Business conditions were psnicky.
Repeated disasters impaired confidence.
Money was boarded. Enterprise Ian
guished. These were regarded as calamities
at the time, but they were really blessings.
They checked the food of speculation and
extravaganza which set in early in 1890 and
saved the country from financial crash.
So far as Pittsburg.is concerned business
is on substantial footing The curative
process has been steady and effectual. Near
" all the dragnets have been removed.
Local corporations, with few exceptions,
have strengthened their position. There is
less friction among the street railways. The
banks accord generous support to substan-
tial enterprises. Confidence in the present
and future has taken the place of timidity.
All reports concur that the volume of busi-
ness is almost, or quite, equal to the best
ever known at this season of the year.
There were cogent reasons for setting apart
a day for national thanksgiving.
Business News and Gossip.
Negotiations are on foot involving two
business properties on Grant street, near
the Cathedral
The Leonard property has not changed
hands, but it probably will in few DAYS.
J. H. Coleman & Co, agents for the Har-
rison property on Penn avenue. Twentieth
ward, say the report that it has changed
hands is premature.
Local stocks were scarcely mentioned yes
terday. There were no bids or offers so far
as learned. An order for 500 shares of
Pennsylvania Gas was said to be on the
street -..
At the recent meeting of the representa-.
tives of the hard coal-producing companies
it was decided to curtail the production to
$3.50, 900 tons for the month of December,
against 1000, 900 allotted for the current
month.
The Patterson Company's coal mine at
Mt. Carmel, Pa, is in operation. 1t has a
capacity of 80, 1000 tons per month and EN-
ploys 1 200 miners.
The Wall Street Ners says: A majority of
the Allegheny Valley Railroad security
holders has signed the reorganization agree
ment, and a committee has been appointed
to buy in the road at the coming sale.
Copper Company officers say that unless
prices advance dividends will be reduced.
George Adams talks of building row of
fine dwellings at Copeland next spring.
Stocks of the Buffalo, Rochester snd Pitts
burg Railroad promise to sell at higher
prices at an early day.
Home Markets.
Thanksgiving had the call to-day, and
transactions in trade lines were light At
the produce commission houses large quan-
titles of turkeys were left over owing to
late arrivals from the West, and prices this
morning were very much lower than they
were the day before. On Wednesday dressed
turkeys were firm and active at lie to 18c
per pound, and to-day are slow at 12c to 15c
per pound. The produce commission houses
kept open generally up to 10 o'clock in order
to sell perishable stuff, but for the rest of
day all was quiet on Liberty street. The
Grain Exchange held no meeting, SO that
cereals are not quoted. 1t is plain that the
Thanksgiving festival is now almost uni
versally observed among trades people.
This Thanksgiving has been as generally OBJ
served as any previous one.