The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-12-31
Well Nigh Featureless On Bare
Curb Stone Stories
COTTON DULL AND EASIER
Bulls Got Whit and the Old
Deafness Returned.
WHEAT VENT OFF II-2 CENTS
Longs Took Profits on Yesterdays
Stock Gains obacco Sold Off
But Later Advanced to 30 IL
on . Per Cent Dividend.


on 2 Per Cent Dividend.
New York, Dee. 30.-The movement OF
COTTON was towards lower level to-day.
The opening was largely steady with near
months higher and late lower. The de-
cline continued throughout the morning
on less favorable final Liverpool reports
and selling by Liverpool houses. The weak
ness was also due to reports of dull trade
demand abroad and in New England;
small sales of print cloths and large estl-
mates for the days port receipts. The
port movement was not up to the expecta-
tons, however, largely owing to disap-
pointment at the Port Royal receipts and
prices improvement in the afternoon with
some covering by shorts. The close was
quiet and steady at 2d6 points net de-
cline.
u. b. CUTHBERT & CO.'S LETTER.
New York, Dee -(SpeciaD-Cotto
was dun and easier to-day on realizing
and subsistence Of the bull support mani
Tested yesterday. Liverpool responded to
our advance of yesterday, but failed to
hold the improvement. The receipts
were moderate compared with last week,
but still showed up heavy against last
year and 1894, the ports receiving 1903
bales against AZ, 900 last week IL, 433
last year Fail River advices were still
unfayorable. Print cloths were reported
dull and hard to sell at 21a cents With
the total stock Of nearly 100000 pieces
becoming so burdensome, that efforts will
soon have to be made to curtail the pro-
duction.. All these factors naturally
operated against the market. Prices
sold off s to 10 points, and closed steady
3 to 4 points up from the lowest, with
January CTS, March 693, and May 7.07.
The tone at the close was steady, with
total sales of 12S,609 bales.
STOCKS.
New York, Dee. 30.-Aside from ma
nipulation in Sugar and Tobacco, to-
days stock market was dull and feature
less, with no decided tendency in either
direction. Their was plenty of news afloat
but outside business continued conspicu-
Gus by its absence, and the bulk Of the
transactions were principally of a local
professional character. The financial
situation in the West was further aggra-
waited by strain at Minneapolis, with
runs on all the banks there from yester-
days failures and this with a reaction
airy tendency to wheat, checked buying
which began to show in the general list
yesterday. Many operators whose pur-
chases of yesterday showed good profits
took them, and this selling pressure,
with some selling orders from London
in st. Paul. Louisville and Nashville and
Reading pressed the market in the early
trading In the afternoon a movement
was engineered against the shorts in
Sugar, and that stock was bought and
bid up by brokers who usually act for
insiders from 10 to 1.12. The only
news on the stock was reports Of a bet
ter trade in refined sugar, and rumors
that the trust will receive better protec-
ton at Washington. Upwards OF $4,000
shares OF the stock was traded in on the
advance. Tobacco sold off point in the
early trading, but recovered it and nd
vanced to S012, on the declaration Of the
usual per cent. dividend ON the prefer
red, and per cent on the common stock,
payable February /. The ST. Paul
statement shows that the gross earnings
for the month decreased $678, 16S. The
operating expenses decreased S279,9
making the total net earnings for the
month 1898, 1913 less than last year. For
FIVE months from July !, the company's
gross earnings show decrease from last
year Of 81, 135, 664. The operating ex-
penses for the same time show decrease
OF $13, 797, making the total net earnings
decrease 81, 121, 1865. The stock only de-
cIined "a per cent. from last nights close,
as this showing had been pretty well dis
counted. The general market, with the
exception of Sugar closed dull at only
fractional declines from last nights
final prices.
WHEAT.
New York, Dec. 30.-Wheat was easier
to-day on general realization influenced
by these high prices, Liyerpoors failure
to respond as much as expected and
Stacking in the cash and export demand
and foreign selling Prices sold off from
81 for May to S212, and closed at 827s.
There were no special news develop
ments aside from the above features. 1t
is a purely narrow, professional traders
market with policy of buying on breaks
or selling on the bulges generally pursued
by the large operators Provisions were
easier on liquidation Of January con-
tracts. Corn and oats were dull and fea-
tureless, with no decided tendency, and
very light speculation.
Il. b. CUTHBERT q co.