The news & observer., 1897-02-18
Cotton Closed Quiet at a Loss
off TO 8 Points.
GOVERNMENT. BoNDs FIRM
WITH SLIGHT ADV ANCE. I'm THE
~ NEW As,
WHEAT nAs'sfRpnaNEsTERDAY
Its Strength, However, was NOT { ue to
War News, as on the TWO DAYS .s'3@
Previous, bat to the g
Small SUPPLY ae

F$FFFeAF4F n $sEts}fE1#
Small Supply, aegr asa
New York, Feb. 1.-THE eottop market
opened barely steady with near months
304 points higher and late months 1@2
points higher, early cables coming bet
ter than expected. Buying of ,oommis@
siod houses, Said to be m good part for
eastern spinners and confined chiefly to
Nav contracts WAS q feature OF the early
market. Following the irst call the mar
ket declined 'TM1B points, 1aiter ca bles
3 being uhsatisfs.ctoFy, The selling. move
ment was, rhecAed by the steady loss IN
warehouse Stocks at thfs point, notwfth-
standing the difficulty IN getting ocean
tonnage at reasonable rates. Liverpool
parties were selling cotton, chiefly Au
II gust contracts, with the largest buying
said to be for an export house intending
ito select from March deliveries cotton
suitable for filling Continental orders.
The close was quiet at net decline
of -7@s points. tag ~
&. B. ourHBERT / cos LErrERR.
| New York, Febg III Specially Cotton
opened up firm and advanced 3AtoB points
in sympathy with the better Liverpool
markets, bat later developed weakness on
| efforts of the bulls to hquidate. The
short interest had been eliminated and
the crowd hadsgot long of the market. on
Ethe carly Advance, ,yane the buying poVFeF
eaTavihg ItKuss been exhausted, sales could
not be made in the late trading except at
| a continually lower range of prices. All
the news from Liverpool, Fall River and
xIsleeah dry gpols centres was favorable,
but Fh@Eg Called ITO sbring in much new
Speculative buyihg.sf The tone at the close
was easy and at the lowest, with the
/ final prices showing a net decline Of to
10 points from last nights closing. The
total sales were 149900 bales. February
24th will be, the first nQtice.dayg, for the
delivery oil cotton oll ALdrdh lc9ntracts,
and it is understood THAT a large number
-if~-uf~ notices viii be issued. Extensive
| ,pFefssFa tiens I, are making for planting
another big crop. Our agents report un-
slnsnally heavy demand For fertilizers.
H.. WheatAshDwed q steadier uRdertUne F0-
I day and closed firm at SO net advance.
/ The market was stimulated by betAer.
fcables, .clearanees of % ,S64 barrels of
I 1sfour ait Newport News and, 348, 712 bush
els of corn, making totn selearances
/ equivalent, to $4,000 bushels fof wheat
and S63, 900 bushels of corn. Exporters
]. here took ten loads af wheat, and this
/ also helped the market, causing shorts
to cover and influencing some new bnyr
ling by scalperss for long account. Beyond
this, no new features were developed In
/ the situation.@ The tradeawas light and
chiefly professional. af
]! STOCKS. J.
The stock market was Irregular and an
settled to-tiay. 1t WIS made so by the
uncertaig,ty of the erratic cables and con-
tinued bear attacks against the Gould
stocks and bad break of 4 points in
Lehigh Valley in the Philadelphia mar
ket. On the start, the markets showed
firm undertone and an advancing ten
| dency, owing to iRside buying Of Sugar,
| the nervousness of the large short inter
/ est in Tobacco, Leather and other special
ties, which have been under the hammer
of Int. and continued buying by for
i 4 efgileTs in their specialties. Closing
I cables reported an unsettled feeling in
! the foreign markets.. with 3-16 decline
/ in English consols. This Ted to a with
i dragggff OF the bull support and hqlIida-
,tion by, early buyers, The reactionary
1 tendency the market displayed encoura-
-Irged the bears, and the combined weight
OF the offerings led to a continued easier
market, and a heavy. closing tone, the
final prices showing a. ElossEof all the eaIay
Improvement. with most Of the list frfsc-
Il tfonaHy lower. The continued weakness
| in Manhattan and Western Union Is
sun reports OF an Impending reduction sn
the dividends .fsnts
| E.B. CUTHBEKT & coz
b@ @ NEW YORk Nj
Is& NEW YORK, February I7.-Futures opened
( barely steady; sales 5.l0o bales. z
r. Futures closed quiet; sales I9,900 bales.
Opening GlosiI !.
| February '...'.....'.....'.'.' 67A
| March. h..........e..+......44a.., ~ ia
A "A Aprsi .4lB NJ Ssh
Il May ...... .sr.f-.. =. ,s.s..ss.. q 9e 6s9
Il June ...s, -. s..+s- 1aD %
July ,.....,. ...... $780,. ~ 0T 69Z
August. 4. .sssA, ..sss. gs..sV W ~
septenper ~ Ss.., s. Sc r., eR
| November NJ !. sssr.s .ss..} 613 665
I December ~. ..sse..k.s.. ..k- BF6 6 T2
Y. Spot cotton closed steady: Y middling W
lands z lie. ymiddling gulf Sl6; sales VIZ
LIyBRPQ0L. ~
LIvERPOoL, February B.-seISP. M.--Cot~s
tan-G Gf0sipg-spQt, fajts demand; PRICES
higherssAmericaif mddILng fairs 5-16d; good
t.mfd ding Id; American middfing 3Hd: low
middiing l6d good ordinary 39-l6d; ar.
SAFES q the day were il, ,oOoeales, Of WHICH
wsredSa @ spseistdep and snposrdt do and o.
including 1850 American.
MfutuTes ppaned qniet bat steady and closed
i STEADY ct the advance NsS@ Ns~
American mIddIing.