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Newspaper
The State Chronicle
Location
Raleigh, North Carolina, United States of America
Date
Nov 20, 1891
Page
5
Markets showed gains as prices moved higher with reports from Rice & Company signaling attempts to depress prices abroad. Heavy receipts in New York and a lowered crop estimate fed early selling, but demand strengthened and prices closed near the day’s high with futures steady and United Press noting a resilient market.
The report shows rates 4.813 and 4.45, actual rates 4.804 and 4.80 for 60 day bills, and 4.833 with 4.84 for demand. Government bonds closed steady, currency 6's at 111 bid, 4's at 1164 bid, with extended 2's registered at 994.
New York and Baltimore report a range of bond prices and stock bids across several states. Albany and Virginia consols, Tennessee sets, North and South Carolina issues, and Baltimore & Ohio stocks show varying bid and ask figures with several income and gas bond listings.
New York traders saw flour hold steady with varying premiums for grades while wheat options opened weak and slid further. Corn followed wheat downward. oats closed a bit firmer. pork and lard softened, molasses dull and sugar steady, with coffee spot prices subdued.
Flour closed steady with ranges for Western and patent grades. Wheat firmer with No 2 red spot around 1.05 and future quotes up to 1.13. Southern wheat firm with Fultz and Longberry varieties noted. Corn easy with mixed spot at 64 and several forward quotes. Oats steady to firm with No. 2 quoted.
Grain futures slide on Russian ukase fears and strong hog receipts. Provisions weaken with pork, lard, and ribs down. Butter, eggs, coffee, sugar, copper, and whisky hold steady or firm. Naval stores in several cities report turpentine and rosin at varying steady to firm levels.
Medical advert promises relief for coughs colds throat and chest ailments with Dr King’s New Discovery. Offers money back guarantee and sample bottle at John Y. MacRae’s drug store with large sizes priced at 50 cents and 1 dollar.
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