The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-03-18
After Listless Fluctuatiop, it
Closed Unchanged.
WHEAT SCARED HIGHER
WAR STORIES, HOWEVER, WE'RE
MET PIUCKILY BY BEARS.
SCORED ONLY I2 CENT RISE
Disbelief in the War Scare Kept the
Bears From Making ANY Headway
Against Stocks Tobacco E'oc-
tuation, Only Manipulation.

New York, March 1.-THE dullness
Of the New York cotton market is lndl-
Gated by the fact that the total sales
of futures reached only $4,000 bales, with
the scope of the fluctuations Il matter
of points or less, even ON the more
popular positions. a.
Opening at decline of 305 points, ON
disappointing cables and local liquidation,
the market reacted on covering, following
further reports of overflow damage TO
the Mississippi valley and predictions of
late planting.
There is practically no outside specu-
latire interest at this point. Local senti-
laent is inclined to bearishness, but sell
ing is checked by the political complica-
tons in Europe.
r. r. CTTHBERT & cos LETTER.
New York, March 17.-(Special,)-Cot-
ton ruled dull and irregular to-day with
small and narrow fluctuations, and a very
light trade Prices declined 3G5 points
at the start, in sympathy with the weak
er Liverpool markets, which were 1-32d
for spot cotton and 2-64d. to 3-64d. for
futures Lighter port receipts and con
tinued wet weather in the southwest re-
stricted selling operations for the decline,
and the market rallied slowly in the at
terpoon trading and recovered all the
early loss and closed quiet and steady,
with prices unchanged to / point higher
compared with last nights closing quo
tations. There was no outside business.
four-fifths of the total sales of $1,000
bales being the transactions of the local
professional scalping contingent. Spot
cotton here and at the South was quiet
and steady. with prices unchanged from
yesterday
Wheat was dominated to-day by the
unexpected turn for the worst in the Eu-
ropean political situation. The appre-
hension of a conflict between Greece and
Turkey stimulated all foreign markets.
causing Il rise of q to Id. in futures at
Liverpool, and q to / mark ut Berlin.
and decline Of Il to SO per cent in Eng
fish consols This appeared TO indicate
the nervous feeling abroad, and our mar
ket opened up firm at y cent advance.
and advanced a cent additional. Heavy
realizing by local scalpers and selling
against calls" and lack of confidence In
the bad crop reports caused a subsequent
reaction to last nights prices. The mar
ket rallied again in the late trading on
the disquieting news from Greece, and
closed steady ut a net advance of 70 toR.
The Liverpool market closed steady II
above yesterdays closing prices.
Corn was firmer on the war talk. and
closed "a to Is higher.
Provisions. especially pork and laird,
developed weakness on general sellin:,
Nt1
ahys The total export business here to-
day was 10000 bushels wheat and $4,000
bushels oats
STOCKS.
The market showed it's strength again
to-day by breaking away rom the de-
pressing influences of the disturbing for
eign advices and weak security markets
Of London and on the continent, brought
about by the continued defiant attitude
of Greece toward the powers. and appre
hension that it viii result in Greco
Turkish war The bear element under
took to raid the market, but could make
no Roadway except in the weakly held
industrials and coal stocks, and the weak
er international shares, notably Louisville
and Nashville. The rest of the list con
il1ueu INV 10 their dttdChs, III
fact, the Vanderbilt list ruled strong and
steadily advanced. prices reaching the
highest quotations since the inauguration
of the buying movement in them. The
Changers and the Gould stocks and sugar
and G.. G. fiuctuated within narrow
limits, but showed continued undertone,
and closed at about last nights prices
Tobacco was the weak feature of the list
on liquidation and withdrawal Of support
The insiders were sellers, and seemed to
want the stock to go down. There was
no news on the property to explain its
movement. l.. n. declined ] per cent on
the foreign selling. Other weak fea.
lures were leather rubber, whiskey, rope,
Il. G. L., Reading and J. c. The bear
pressure was directed mainly against
these stocks, and as there was no special
support in any of them, they all closed
heavy.
NEW YORk.
NEW YORK, March FIXTURES opened
steady; sales3,700 bales.
Futures closed steady; sales $1,000 bales.
Opening. Closint
March,. Observation-Disclosures. 6 So T0
April $3.50. 49,. ...--..s...... b 98 GA
May ........................ OF IU
June OBSERVATION-DISCLOSURES. w IL
July ........................7 ~ 10
August. IL r. IL
september -, D 81 $50
October ..'....i.' ....t.' q 6as
november ....... .-..... 90. b 20 q 81
DecemDer.. a.....,........... D 10 "a
January ACKNOWLEDGEMENTS. b W b ~