The Palatka daily news. (Palatka, Fla.) 1884-1888, 1888-02-18

NEW YORK, FEBRUARY 1.-THE stock market
was not only much more active to-day, but
also displayed more real strength than has
been seen in many weeks, for which the re-
ported settlement OF the Reading strike was
the special cause. The prospect of the settle
ment of the strike had Strengthening effect
upon the entire list, though il did not first
respond to the news, but the bulls looked upon
such settlement as likely to give much needed
stimulus to speculation, and large buying re-
suited in heavy business. and decided adj
vance. The feature of early dealings was
London buying of Lake Shore, and the entire
list moved up slightly, but unfavorable re-
ports from the West sagged the market off a
little, when the report of the Reading strike
was received md the market Immediately be-
came active and somewhat excited, trading in
Reading assuming enormous uroDottions
while the stock steadily advanced. Later buy-
ing halted on a contradictory report. but CON
hdence was soon restored and buying again
began. Attention was turned TO the rest of the
list, and everything moved uD on l:rgelV in
creased business, Lackawanna. Lake Shore. st.
faul ana western Union being the most con-
splcuous. There was heavy purchasing by in
sldefs In the last named stock. which was ac-
compan1ed by rumor that the postal and
united lines had been bought. There was con-
siderable covering of shorts in the afternoon
an uneasy feeling that there may be some
turther developments Tomorrow aiding in the
movement First prices generally showed ad-
vances over last nights closing figures of from
Is TO IS per cent, and the advantage was
further increased in the first hour, but the
market soon drifted into usual duIlness and
prices sagged little. Reading took the lead
toward noon, however, and the entire list re
sponded, End il was not till 2 D. m that a halt
was called; some slight reaction occurred bur
buying was again good in the last hour. and
the market closed quiet but firm 10 strong at
about the best figures of the day. Total DAVIS
business amounted to 259,f10 shares of which
l45,ooO were in Reading. There was only one
mo lot IL a.
Worth and Denver, which is IL per cent. lower
this evening.
NEW YORK. February Il. Green & Cos
report on cotton futures say :: a very tired
sort of market continues and the history of
the past two or three DAYS has been repeated:
assisted by few orders from the South. bulls
bid up February sh.s rt notices carly in the day.
and succeeded in adding a point or two 10
quotations, but as soon as the demand slack
ened the market set back again and more than
lost the early gain. with easy tone. some
what intensified by slightly adverse character
of advices both from abroad and the South
Liverpool lacked character and the pIanta-
ton movement as revised for the week. looked
up SO heavy that operators for a rise could ex-
tract no comfort therefrom. and the close
found prices a fraction below last evenings,
with the tone slack"
NEW YORK. February l7-Cottou-Set re-
celpts, go; gross, 4,b2 bales Futures closed
February. 10 5i@lo So; March, 10 57a1o IS;
April, 10 t29l0 90 May, 10 6altI0 20. ..une.
@10 50 September. 10 aaI0 81 October.
9 g1Gs 80, November, 9 S59g So December,
Q S559 81: January. g1G59 49,
NEW YORK, February IL Cotton quiet
sales, 81 bales; uplands, 10ss: orleans 1854 net
receipts at all ports. 15,ls2 bales; exports to
Great Britain, 1856; to France go to the
Continent. 2,446: TO the Channel. -: for.
warded. 9Oll; sales $50; to spInneTs, cor; stock
| 211 ,653.
| COMPARATIVE COTTON STATEMENT.
| Comparative cotton statement for the week
ending February l.