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Newspaper
The State Chronicle
Location
Raleigh, North Carolina, United States of America
Date
Oct 23, 1891
Page
5
The article notes cotton prices near yesterday's close with slight declines and overall market stability. Foreign and domestic signals point to a small crop and steady demand, despite government forecasts and receipts showing ongoing activity in the belt.
Money closed at 3 percent, with a high of 34 percent, while exchange remained steady. Posted rates show 4.814 4.844, actual 4.804 4.804 for 60 day bills and 4.834 4.83 for demand. Government bonds quiet, currency 6s at 1.11 bid, 4s at 1.163 bid, extended 2s at 1.00 bid.
New York and Baltimore markets show mixed activity with grains and flour prices moving. Wheat and corn futures fluctuate on war rumors and export demand while spot prices ease for some grades. naval stores and sugar markets remain steady in various ports. The North Carolina Christian Missionary convention convened in Newbern with about 15,000 communicants and a focus on church education.
The Commercial End Farmers Bar in Raleigh North Carolina announced authorized capital to support expansion and new services. Details indicate planned investments, potential partnerships, and anticipated growth for local patrons.
Beating its prior record, S. and D. Berwanger report strong crowds from Monday morning to closing time as proof of their claim to offer better suits and overcoats at 10.00, 12.50, and 15.00 than rivals. They emphasize solid value and quality.
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