The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-06-15
Almost No Outside Sneculativ
Interest.
THE CLOSE UNCHANGED
WHEAT CLOSED AT rs GEM ;
ADVANCE.
ON WESTERN DRY WEATHER
Trading in Bonds Was ENORMOUS Nss
pregating $4,000, 900 Stocks Re.
sumed Upward Tendency
~, no land.
Jubilee in Eng land.

Now york June lathe cotton mar
- onono.a barely steady with prices I'M
changed to 3 points lower. Inere was
q further decline of 1d2 points ana theh
the market turned to about SATURDAY
closing figures with the tone finally steady
at net unchanged prices to points loss.
Trading was slack and reached only
81 oOO bales futures. The market was
featureless and almost entirely destitute
Of outside speculative interest.
r r. CyrHBERT 4 CO.'S. LETTER.
New York. june 14.-(Special)-Wheat
was strong to-day ON good buying lot
both long and short accounts. line mar
ket opened steady at about Saturua!
closing prices. with some local ana
Southwestern buying. The principal pull
ish features which developed were the
less favorable Danubian crop reports, the
worlds shipments for the week aggre-
eating h.33OOOO bushels. The visible
s,,nnly decreased over 100000 bushels
and the Liverpool markets closed hrmer
in tone than the early cables. Reports
were received that harvesting was pro
crossing rapidly in some or the oou0h-
western States, and this leu u,e oears
to continue their hammerlng, Out cne
above statistical features, together WIN
the DEVELOPMENT of bulllsn sanunleh'
from the cheerful report received from
Wall streed, induced some new puylhg'
and all the offerings were aDsorpeo'
Later there was some moderate Foreign
huvine. and apprehension Of manlpula-
t;on in IpIy turned the market strong
and priees steadily advanced and closed
strong at the highest prices OF the day.
with July 7O1h. Corn rallied In sym
,,o+bv with wheat, on moderate trading
and bnllish reports from the NOrunWesi
of crop damage from intense heat on top
If the recent cool wave. Provisions were
stronger and higher ON buying by pack
4ers.
COTTON was dull all day and devoid Of
feature Trade was light, aggregatlns
hut $4,000 bales. Liverpool cables Were
disappointins, reporting spot sales only
s. 600 bales. with prices unchanged, ana
futures closing duh and partially l-o4d
lower. Prices here opened easy at 10
2 no;nts decline. and closed quiet and
steadv on that basis. In addition to the
dull Liverpool market the crop ana
weather reports were much more faFor-
able and this together with absence OF
outside support, they exercised ue-
messing influence upon the market
Spot cotton here was quiet and uncnaS-
ed from Saturdays prices at II!-Io ioF
middling, with sales of GIG bales ana
900 delivered on contract. The port re-
ceipts were 765 bales.
STOCKS.
The stock market to-day showed its
GREAT strength by absorbing all the real
ization sales and offerings by the reac-
tionists from the start and gradually ad-
yancing throughout the day and CLOSING
strong, with the final prices about the
highest that have been reached
for the leading active shares and at the
highest quotations for the majority OF
the coalers and Gould stocks and mlscel-
laneous shares. Strong efforts were maoe
TO bring about a reaction by parties VINO
lost their stocks in realizing last week
but in the broadening speculation ano
increasing outside demand and the ap
probation Of the favorable features not
ed above, their efforts proved futile
One of the most encouraging develop
ments was the increased demand fol
railway bonds for investment and an ad-
vance of "a in government bonds, witt
the new As, selling at the highest prict
in their history. The important ad
vances we're consolidated gas per cent
Brooklyn Union Gas, per cent; jersey
City 90 per cent; Rhode Island 1A; Su
gar and Chicago Gas rs; Western I'm
ion and Manhattan 1%. From TINS
range. there were only slight concessions
in the last hour, and the market closed
with strong undertone and good in
yestment and speculative demand.
y. b. CUTHBEIsT Sc co.
NEW YOhS.