The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-06-29
SALES REACHED A TOTAL w
BUT 27,30o BALES.
WHEAT LOSES 7-s CENTS
The Amount That Changed Hands was
Very Small--Corn and Oats Un-
Changed Provisions Were
Active and Advanced
Materially.

New York. June 2S.-To-day's cotton
market was very tame affair. opeh4ns
ouiet hut firm at an advance or z9f
,,o;nts there was a further advance OF
214 points, after which the market
nartially reacted and closed STEADY a.
net advance Of Sac points. Specuia.iou
was very slack, and sales reacheo
total of but 1880 bales, repeating one
of the smallest markets of recent tllhes'
u,ne early improvement was baseu Oh
liberal sales of spot cotton In the ENG
Itch market in connection with favorapie
Tau R;ver accounts and encouraging au-
1;cas from dry goods districts. Inc al
vance was stimulated by private teie-
Grams from the South Atlantic ana Gun
S+o.os reporting excessive hot, dry
waather in some localities. Fears OF
dro,cht conditions extending checked sell
ing after the market hal yielaea d rev
points from the opening. Conliiien'ai
buying orders were a feature put 'hes
were small.
e. B. CUTHBERT & CO.'S LETTER..
New York, June 28.-(Special.)-Io
asvss stock market showed its strength
nv continuing all offerings and making
new records for high prices. Inc mar
ket opened strong and active, ana au-
yances were general throughout the hst
under the lead of Sugar, Chlcago uas'
st. Paul and the low-priced specaitles.
There was a large accumulation OF pus-
ing orders from out-of-toWn CUSTOMERS
over Sunday and the large influence y.
this buying, together with coverings OIL
.,.nr. Nc-1y1
shorts and the large interests increasing
their holdings, the market opened anu
worked higher. Despite heavy reailzihs
sales and a lull and the aggressive puy-
inc in the afternoon, the market held
most of the improvement ana closeu
strono The undertone continues good
and there is no bad news as Tar as we
can see. calculated to have an ADVERSE
;nluanca and cause a break. There was
no cold engaged for shipment to-day py
+o-morrow's steamer. Crop accounts
continued good and there was furtner
evidence of general improvement Id the
business situation. -.
Cotton advanced to 5 points TINS
morning in sympathy with silghtiy pet'eI
LIVERPOOL cables, and closed steaus al
tha advance. 1t was a small, haLIo"
market with sales of $1,000 bales. Ihere
were no Improvement developments III uiie
oron situation. Liverpool cables re-
norted snot cotton there 1-32d lower, with
Gales of 10000 bales, while futures
closed steady and unchanged to u point
HIGHER. Spot cotton ruled steady ana III
fair demand with prices unchanged from
Saturdav,s prices. Total sales of l,4Z9
bales were reported as having been mace
at 7sl for middling. OF this amount
o4o bales were for export, including
1noo bales taken from stocks to-day for
shipment. Spinners' purchases We're To-
bales.
wheat declined quite sharply to-day
under heavy liquidation lnnuenceu W
good crop accounts, apathetic caples anu
\free offerings Of new wheat from ok a
(homa. Tennessee and Kentucky, togetnel
with less evidence and talk OF aggressNe
manipulation on the July optlon at Sni
cago. The market was demoralizeo az
the opening, selling at 1201c at the same
time from Saturdays closing for the july
option from which range there was 1ur'
Their sharp break of 2 cents to o912 ioi
Julv before the end of the first 10 MIN
utes. This WIS followed by quick ad
vance to ~ cents on bull support, aIIei
which the market quoted down. Inc
fluctuations were sharp and frequent
and liquidation continued, causing sag
ging market and weak close with July
7O15 and September 65A. The visible
supply decreased 100000 bushels and
% loads were taken by exporters here
It was expected that the worlds visible
supply tomorrow will show a decrease
of 100000 bushels. The offerings con
tinued free up to the close, the marke
being affected mostly by selling of Jul!
contracts.
E. B. CUTHBERT & co.
NEW YOKK.
NEW YORK, June 28.-Futures opened
coI1 o hale