The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-05-04
STOCKS IMPROVE IN TONE
THD VOLUME OF TRADING ALdoo
SOMEWHAT INCREASED,
TuE WHEAT MARKET WAS QUIET
The Price Rose and Fell in a narrow
Range, and Closed 9 lower-'
Corn Higher, Oats Lower Pro-
visions irregular.
visions Irregular.

and further declined 3 to { points, with
the tome finally barely steady at a net loss
of 7 TO II points. The early weakness
was due to Disappointing Liverpool ca
bles. weaker Southern spot market ac-
counts. unsatisfactory trade conditions
i'm this country, Il lack of speculative sup
mort and advices of better conditions III
the Mississippi valley as the result of a
steady fall in the river. Tradlng was
chiefly by the local contingent. In the
afternoon the market was rather slow
and featureless, with indications point
ing to full receipts and causing some fresh
selling for short account There were
also some selling from the South executed
ia the afternoon.
r.. b. CUTHBERT Il CO.'S LETTER.
New York. May 3.-(SpeciaL)-
opened quiet and easy th1 morning, on
LiverpoOl's cables reporting FUTURES
there a,d. kwer, fine weather In the
West and more rain in California ana
Northwest receipts Of 535 cars against
40 last year. In the general liquidation
and selling by traders which followed,
prices declined cent in the Chicago mar
ket. This range was within "a of 1he
put price and buying by holders of
these privileges, together with covering
of shorts and some foreign buying, abb
sorbed the offerings and led to gradual
recovery The visible supply in this
country showed a decrease of 1,1SaOOO
bushels fox the week. together with to-
days clearances eQualing 222,69l b1sh-
els of wheat and export engagements
here of 1S loads and II leads at the out
ports. ed to a gradually hardening mar
ket and prices recovered all the early de-
cline and closed firm, within 1S of Sat
urdayss final quotations. Corn and oats
ruled firm in sympathy with wheat and
the decreases in the visible supply as
mentioned above.
Cotton developed increased irregularity
and weakness to-day and declined Z to
10 points and closed quiet and barely
steady at the decline 1t was simply Il
repetition of Saturdays liquidation
movement. which pressure, in the alb
sence of any outside support, and the
elimination OF the short interests, led to
IA continually easier market The trad
ing was moderately active during the
day, and the total sales reached but TO-
800 bales. In Liverpool spot cotton was
quiet and easy, with sales of but 10000
bales at Saturdays prices, while futures
there closed quiet and easy at to 20
points net decline. The weather conditions
in the South were favorable, and the Mis-
sissipp river ut Memphis showed q fall
of one foot and seven inches over Sun
day. with the river falling at all points
below that district to New Orleans.
The speculation in stocks to-day con
tinued small in volume, but the market
developed firmer undertone shortly af-
ter the opening, and thereafter showed
tendency toward improvement and fin
ally closed firm, with the majority of
the more active and better class of stocks
recording a net advance of Is to IA per
cent. Owing to the fall Of I'D. in the
price of gold bars and va. in the price
of American Eagles at London, with
easier discount rates, there and on the
Continent, but 100000 additional gold
was engaged here for export for to-mor-
rows steamers This with the foreign
advices, reporting firmer and higher Sc
curity markets at: London and on the
Continents, helped to combine to pro-
duce better feeling all around and
stimulate better market. Advices from
Washington were more encouraging on
the tariff situation. indicating that the
committee having the bill in charge will
report it TO the Finance committee by
Tuesday of this week. The Gould stocks
did not share the improvement in the
general market. continuing heavy on Ii
qlridation and bear operations. Metro
.politan Traction declined from 102 To 993s
on moderate scales to liquidate. Ten
nessee Coal and Iron continue the weak
feature, on IA threatened strike of it's
miners. owing to an effort to reduce their
wages 40 per cent influenced by duh by
coal ami iron trade.
II. Il. CUTHBERT & co
NEW YORh.
NEW YORK. May 2.-Futures opened
quiet; sales 81 bales.
Futures closed barely steady: sales 1880
lbales.
opening. Closing
May......... commandments. "A 734
JOn0s. 20 81
July ........- .s............... - -