The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-02-28

SplHueFS WuFt COHlSAlGdu - fYt lSupE9NS "
actual cotton. A feature of the local
market was the sale of 4 500 babes in one
lot for export at full prices; spot cotton
quotations were marked up rs cent?
e. h. aGUIHBERT s. CO.'S, IETrER.
New York, Feb. 27-(Special. COTTON
showed tendency toward further. inn
provement to-day under the bullish in
fuence OF a Continued active demand
for spot cotton at Liverpool, with sales
there to-day OF ~f5,000 bales at an ad
vance of f1-32d; ia prices TO a e1732d for
middling. Futures there were also firner
and, closed steady a a net advance of.
1-6Id to 2-64d. These advices, coupled
with firm spot markets in the South,
stimulated a bullish sentiment and in
,auenced <aonsideEable new ! buying and
|.encoura9ea the, Meal bulls to infTease
Etheir holaiegs .EBder the CIRCUMSTANCES,
It was not surprising that he market
should advance. Fire only wonder was
slfafathe faproyen&nt ,Nas not fpore exr
telEivesSsIAe moyssnssst of tho cSpp was
ms Iaer8tasekith stSeaaita Pnst Receipts
for the day estimated at 10000 bales,
including 1900 at Pensacola, against
tqtaI rsce;i4sks, Sef ,14sl-7, Stances, epnd
w,tS7 lvst year. | ALandaf's reealsfs at
Sea& OIheans MeresaeSti Ma tesssag $500
ito 5000 bales, agaipst ~9,191 last week.
Aand 1ssG0g iasa wear. Houston expects
but $500 to 2,700 bales With the
present Bullsh sentiment, moderate re
eeipts,, aTns liverpool markets and good
demand for isput cotton, asIrevival OF
active speculation would in all proba-
bliity capse further substantial advance.
in prices, esg ,sfY-efss ss4T i{3f
- \
pressing influences of the apathetie for
eign market and advanced " cent for
May and cert for July 5n the Chicago
market and closed firm At the advance
with an upward tendency Futures at
Liverpool closed quiet and easy at Il tn
1d-.net decline. Bradstreets statement
showed export clearance v, from this
cehntry be but i, 3372,, 600 bisiela Tor Ithe
week. Zero weather i'm the northwest
with the winter wheat crop bare of
snow Fin the southern shselr4o Illinois,
Missouri and Kansas, leading to appre-
hensfon OF crop daTnage over Sunday,
helped to Stimulate the market and en-
scouraged. considerable new buying for
long account, at the same time, frighten-
ing some of the shorts into cover. Large.
buTing orders from st. Louis, with less
favorable crop reports from that State
and Indiana, led TO Increased strength
at the~vclose, and the market left off
firm with an assmaTd tendency. There
was not mach doing I'm cortland oats.
STOCKS. g
The stock market developed further
strength to-day, under continued favor
able European .advices, better trade re-.
ports ana improved railroad earnings.
continued abundance OF money-seeking
investment and further assurance that
regardless Of whatever Congress may do,
President Cleveland with notg alleviate
fFom his policy Of norsinse e in the
Cuban question. There WIS iaohe legiti-
mate commission businesss Tlfhs more
TO buy than for ssome time
I'hc market showed a firm nIldertone with
an advancing tendency from the start and
gradually improved and closed firm, the
inah prices abeIft the best Quotations
reached, ranging from u to a per cent
above Yesterdays closing quotations for
the-gRa joritg OF the active stocks. NSugar
continued the strong feature and fed the
list ain point Of activity and strength,
selling up per cent ON continued buying
by insiders. The directors OF the com
;I1any will Hleet next Wednesday Band if
a quorum lis ohtafned they sswiII Declare
the ual~euarferI dividend Of 3 per
seegat.z The market is very likelysto dis
play hesitation at times and realizat ioR.I
sales by traders may cause occasional
reacsiens, but If any pfaserialize " ffiink
they win prove only .sensporary, hs kal
sgeneFa1sw bullish sentiment III SPREADING
and sthe disposition pf the rahk anlfldl
h4 openafcrs is to brvecaf all@ssoft spSts. ~
70. B. CUTHBERT & co.
: g. q. a. a - q L.