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Newspaper
The State Chronicle
Location
Raleigh, North Carolina, United States of America
Date
Nov 28, 1891
Page
5
Circular notes a mixed cotton market with prices uncertain. Report mentions a $23 corpus value and a notable loss affecting sectors including Pris and Company, hinting at broader market stress.
Liverpool spot cotton eased with Middling at 44d as sales reached 8 000 bales. New York and Baltimore markets showed mixed grain and flour moves, with oats firm, wheat volatile on futures, and provisions steady. naval stores noted firm tar and rosin prices across ports.
A late week report notes muted buying and cautious sentiment at the cotton exchanges. Officials cite weak interior movement and lower receipts, with prices fluctuating and traders awaiting clearer demand signals as bales sold across ports show limited gains.
New York money market closed at 3 percent, the day’s low, with a high near 4 percent. Exchange steady. posted rates show 4.514 to 4.85, actual 4.80 to 4.84 for 60 day bills and 4.853 to 4.84 for demand. Government bonds remained steady with 6's at 111 bid and 4's coupons at 117 bid.
New York reports varied bid prices for Oregon Alabama Tennessee and Virginia securities with new issue sets and coupon figures. Baltimore notes Virginia consols at 30 bid and bond and stock quotes for Baltimore & Ohio Northern Central and utility bonds with mixed bids and asks.
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