The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-09-01
This Industrial Was the Sen
sationaI Feature
RANGE OF EIGHT POINTS
MOVEMENT OF GENERAL MAX
KEr WILD AND ERRATlC.
COTTON HIGHER ON BETTER CABLES
Closed Barely Steady With Net Gain Of Two
Points Wheat Was Dull but Closed
One-HaIf Cent Higher--Corn

One-Half lent higner--Corn
More Active.
A bear Clique" and bull combine"
Are the latest things in wheat
And dealers say it's hard to tell
Which of the two will beat.
For the bulls are wild and the bears are
wild
And both are out for gore,
But the point for the farmer to settle or,
Is when his win" to score.
For the farmer certainly has the call,
All Europe wants his grain,
And to get the highest possible price,
This is his duty plain.
Let bulls and bears delight to scrap,
For it's their nature to
No one will mind the scrap, just so
The farmer get his due.
New York, Aug 31.-The cotton mar
sket opened steady with prices higher by
DAD points cables at hand being better
than expected and crop accounts, while
generally bearish, somewhat conflicting.
Following the first call, however. cables
were Of less favorable support. Selling be-
came quite active and the market sold off
266 points. but traders were cautious.
fearing further manipulation in Septem-
Der and a general roundup of shorts as
a result of recent selling. The weekly
weather report was expected to be unfa-
-yorable. but proved less so than generally
looked for and an active demand from
shorts carried prices to a net advance OF
-305 points by noon. From the lowest
point September contracts rallied IL
points. while the rest of the list improved
Gas points. Sentiment during the after
noon was more bullish, the later crop ac-
counts indicating more or less rust, she'd
ding and complaints of insects.
The market closed barely steady at n
net advance of 2 points to a decline of 5
points.
Following the close of change, the sus-
pension of E. B. Cuthbert & Co. was
announced A canvas of the market
showed that this firm had few outstand-
ing contracts. The failure is understood
tn be on account of losses in Sugar on the
stock exchange.
DRY GOODS.
New York. Aug. 31-The dry goods
market shows no change, though the tone
was well sustained in nearly all grades.
The demand for staple cotton is as pro-
nounced as in the late past and prices
are as firm. The spot buying is scarcely
as pronounced in any grade but mail Or
-ders are still of fair proportions. Wool
ems and worsted goods for mems wear
and in dress goods are. steady, well sus-
tanned request at fair prices. Jobbers re
port fair business in all departments
In staple cottons the demand for domes
tic use is unchanged and scarcely abated
in either brown or bleached goods. Coarse
colored cottons are firm. Print cloths are
again firm without change of moment
The quotation is still 25sc for spot extras
with contracts refused at that figure. The
sales of odd goods have been Of fair pro
portions, but the demand for extras has
suffered decline, owing to strong prices
Prints have not yet been advanced in
any grade Nevertheless there is great
strength in all the staple grades and tht
impression prevails that speedy increases
in prices are imminent.