The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-02-04
FRACTIONAL GAINS
There Was Upward Tendency
i'm Railway Bonds.
WHEAT LOWERED BY BULLS
Cables From Liverpool Showed the
Market There Had Reacted
Corn and Oats Lower.

&c. b. CUTHBERT & co.'s. LETTER.
New York, Feb. 3.(Special) Wheat
started off firm to-day under the bulAsh
influence of early cables reporting the
Liverpool markets firm with prices there
114d above. yesterdays CLOSING. Inns
was regarded as a much BETTER response
to our Improvement of yesterday than
had been expected and after the profit
taking sales of the scalpers, which began
Mt the opening, had subsidized the market
developed strength and advanced rapid
Nv to 761h for the May option in Chi
cago and 727s for July u above last
nights closing On the bulge a larger
number of selling orders were encounter
cd from holders of puts as well as long
contracts, ard the demand was soon
supplied JuSt about this time the clos
ing Liverpool Cables agiuiTed, showing
the markets there had reacted and lost
half of the early improvement, and the
reactionary tendency abroad they lndE-
cated influenced early buyers Ito sell out.
Support from the bulls was withdrawn,
and the market thereafter steadily reced-
ed and closed easy at q net decEne for
the day, with May -, and July 7112.
Eighteen loads of wheat were engaged
at New York and four loads of corn,
for export, Minneapolis reported 81,
500 barrels of flour yesterday, with
good demand, to-day. The total primary
receipts of wheat were 213000 bushels
against $4,000 last year.
COTTON.
Cotton continued dull to-day and feat
lrreless, and the trading was very small
and the fiucbuat1ons were confined with
in the marrow range OF to 3 points
of last nights final prices. The port
receipts were light, approuimatbng H.,
900 bales against 1851 last week and
IA, 5S4 last year and THIS, with the dis
inclination of the bears to force the us
sue, encoura ged the bulls to support the
market. There was no outside business
apparent during the day, the transac-
tions being entirely of the local profes-
sional character. The tone at the close
was quiet and steady, with prices show
ing net advance of 2 ITO 3 points over
yesterdays final quotations. The total
sales were 81 400 babes. Liverpool ca
bles reported spot cotton There 1-32d low
or, with mEiddling 29-32d, with total
sales of 10000 bales. Futures opened
1-6 lower, but recovered Tins and closed
steady at yesterdays final quotations,
Fall River adyices report ctrrtaiment in
the manufacture of print cloths there
and at Proyidepce will 60 into effect the
latter part ofthis week or early next
week, Spot cotton here and at the South
ruled quiet and steady at yesterdays
prices. The semi-weelSly movement at
13 leading interior towns shows receipts
this week of 24,3Z7 bales, against 81
962 last week, 22,2I6 last year, and 49,
500 in 1895. Shipments $1,000, against
3S,S43 last week, 33004 last year and
5000 IN 1895. And stocks 374, 1874 a
gainst 396,014 last week, 3S3, 1913 last
year and 375,14S IN 1895. Secretary
Hester of the New Orleans Cotton Elk
change, makes the total crop brought
INTO sight from September LIST, 10 Feb.
fst, 7,042, 9S1 bales, against 5,521, 044
last year, s,014.470 in 1896 and 6,254,
172 in 1894
STOCKS.
The TRADING was light, aggregabing