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Newspaper
The State Chronicle
Location
Raleigh, North Carolina, United States of America
Date
Feb 17, 1892
Page
5
NY wire service notes prices fluctuating as Mr Neill’s crop size forecast suggests about 9 million bales more than earlier, with bears easing. Traders weigh possible better demand from Manchester and signals from bank and rail interests, while farmers push for larger output.
Cotton prices in Liverpool and ports show a steady to dull tone with Middling uplands around 33.16. Sales reach 10,000 bales while port totals show 35 000 and 851,000 last week. Futures slacken with minimal advances and broad quotes listed from 6 81 to 7 54-56 per bale amid quiet trading activity.
Financial notes from Raleigh and New York on February 16 1892 show North Carolina bonds trading at mixed bids including 6s at 123, 4s at 98 12 bid, and bank figures such as Commercial and Farmers Bank at 100 bid. Exchange rates steady at 4.56 4.89 for 60 day bills and 4.8541.854 for demand. Grain futures and flour prices in New York show slight weakness in wheat after early gains, with spot No 2 red winter at 1.08 and various winter and spring grades outlined. Government bonds and local railroad and utility securities are listed with bids and asks, reflecting a broad market snapshot.
A compact price rundown across corn, pork and lard markets with dull to firm tone. Spot No 2 corn ranges around 59 and 49 with mixed March to May lots. pork and lard prices show modest moves. sugar and butter steady with bread and flour futures mixed amid steady to firm notes. Regional data from Chicago and Charleston areas reflect subdued trading and slight declines in several contracts.
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