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Newspaper
The State Chronicle
Location
Raleigh, North Carolina, United States of America
Date
Oct 24, 1891
Page
5
Markets for cotton show a tentative recovery with Liverpool prices around 4 points higher and spot sales about 1,090 bales. American supply totals versus last year shift, with weekly movement near 160 thousand bales and ports reporting 425 thousand bales in week movements, while futures ease into steadiness amid lighter receipts.
Money closed at 3 to 4 percent with the high at 4 percent and the low at 3 percent. Exchange steady with posted rates 4.82 to 4.85. 60 day bills at 4.80 to 4.81 and demand at 4.83 to 4.84. Government bonds steady with currency 6's at 1.11 bid and 4's at 1.163 bid.
New York and Baltimore reports show varied bond prices for Virginia consols and rail stocks, with Virginia and North Carolina issues quoted. London and New York commodity prices move as flour, wheat, corn, oats, and sugar trade firms, while pork, lard, butter, eggs, and coffee markets show firm to dull activity and modest advances.
Flour prices hold steady with various grades listed from 3.50 to 5.75 per bushel. Wheat futures at Battrore show unsettled trading with spot and futures quotes for No 2 red, October and December contracts. Corn and oats move modestly, with mixed spot values and firmer or easier tones noted.
Wheat gains on higher cables and war rumors with investing some covering short bets. Corn up 3c on heavy buying. oats rise 6c aided by strong export demand. Provisions mixed with pork and lard down. rosin and turpentine prices in North Carolina hold firm.
Last week drew large crowds from Monday morning to closing time as S and D Berwanger promoted better suits and overcoats for 10, 12.50 and 5.00. The ad asserts better quality and lower prices than any other local shop with strong customer endorsement.
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