The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-03-31
COTTON UNCHANGED
Gained a to s Points But Later
~ $3.50 Lost It.
-----
SALES WE'RE 47,8OO BALES
LIGHT BUYING FOR NEW OR
LEANS AND LIVERPOOL.
AND WHEAT WAS VERY WEAK
And Closed at a Half Cent Decline,
Corn ard Oa's Closed Shadow .s
Lower and Provisions 2 IL
ssss VA.
Gents Higher.
AND WHEAT WAS VERY WEAK
Gents Higher.

Gents Higher.
New York. March Bottle cotton mar
ket closed quiet with prices unchanged
to two points net advance, after having
opened inactive. but steady with prices
from unchanged to 1 point lower. Fol-
lowing the first call there was an advance
sof 405 points on bull news from the
flooded districts, followed byslight buying
for Liverpool and New Orleans accounts.
Later the market eased off under local
liuuidatio in the absence of outside
speculative support Total sales 1880
bales.
Il. .R. tCUrHBERT & cos LETTER.
New York. March 30.-lSpeciaD--C
ton continued dull and featureless to-day
with light trade and small and unim-
portaa fluctuations. in prices: The Law
erpool markets were a little steadler
futures closing there 1-64d. higher and
the bulls used the advices and the food
reports from the Mississippi as Il pre-
text for the continued support, Of the
market. On their buying advanced 4
to 6 points in the early trading. All
but to 2 points of this improvement
was. however. subsequently, lost when
date. Outside speculation was conspic-
acus by, it's advance, and the market
dragged along throughout the afternoon.
and closed quiet and barely steady.
The semi weekly receipts at the principal
interior towns aggregated 1872 bales.
gainst 9.493' last week and 15,516 last
year. New Orleans receipts. to-hiorrow
were estimated at $500. Houston 1000
to LOO. There was no change in the
Mississippi river situation. The South
ern spot markets were dull and unchang-
ed. with small sales reported. Neither
the American or English spinnerS show
any anxiety over the supply problem.
Grade iss1ull in Engla ndzapd on the con-
tinene With the cretan situation Rxercis-
iag Il disturbing influeaecr
WHEAT
Wheat developed further weakness to-
day. under renewed liquidation and prices
steadily declined from the start and clos
ed weak at the lowest with the final
prices showing 1la cents net decline for
hay. taH 4 cent for the next crop options.
Ali the news was bearish. cables were
weak sfmb lower. with futures at Liver.
pool closing at IA net decline and private
advices reporting Russians offering wheat
freely in that, market. Northwest re-
ceipsy verssvery heavy. I55 cars. against
41tlasst week.aand AS last year. Brad
streets estimated the visible of wheat
east of the Rockies ut 1851 900 bushels
less than last week. but didsnof give the
European figures. Corn decreased 1s
100000 bushels. and oats $4,000. The
clearances were light. ami. this. with only
10000 bushels of cash, wheat taken at
Chicago and but two loads OF wheat
and five@ oasls cof5 eorIG Engaged 1,g ex
porters here~H With 40 foreign demand for
futures or outside support, Jed 4to-a cons
tinually weak and lower MARKET Stop
loss orders were reached. in-the. last half
hour. and their execution accelerated the
decline and led to a weakrciosins:s I'm
less there is a better export and cash
demand. or a crop scare soon develops. or
Greece and Turkey get to fghting.,l Pwer
prices may be expected.
i sMas STOCKS.
s,f.ip traiing in the stock market to-day
was moderately active and under the
influence of covering of shorts. together
with some buying for the rise by traders
who had sold ont last week. the market
opened firm. and after slight hesitation
developed strength and slowly improved
and closed firm with the final figures
about the best off the day in the major
fly of cases, ranging from II to 2 per
cent. higher. The Changers. which were
the leaders in the recent depression, veto
naturally the most repulsive to the buy
ing. and led the hist in both point of ac-
tiyity and strength. Senator Foraker
/. of Ohio. introduced the, pooling bill in
the Senate 1t was taken to mean, that it
will be an administration measure with
AN stflat term impies and this Feature.
together with the joint decisions Of the
counsels of the roads members of the
Joint Traffic Associations advising the
continpuanee of the Association until
the Supreme Court passed upon the ques-
ton of the legality and the sold-out c0ndi-
ton of the market. We're the bullsh fitc
tors which leds to the laying add caused
the irhproveflant in tie market. The
Indtistrials did not frhspond, but con-
tinued heavy. with Tobacco the weak
feature on the formal announcement by
an official of the company that IT has
abandoned the factor agreement This
|ictioIk Mas taken4ip view. Of the supreme
Courts deciSi6n and fits stared tliht an
nouncement will DE made to the trade in
the form of II circular TO this effect
View Jersey Central developed renewed
weakness. and sold off 49, per cent. to 81.
the lowest price yet reached. The decline
i1D fhe stock was~a accompanied. by heavy
Cling. which was based on reiteration Of
the information we have previously re-
ferred TO- that the dividend rate Of stock
wifi he reduced tD3al4 per cent. basis.
The general market was firm ut the close.
+, Il. CUTHBERT & co.
NEW YORh.
NEW YORK, March 3l.-Futures opened
dull but steady; sales 2,400 bales.
Futures closed quiet sales AZ, 800 bales.
Opening. Cios;n, .
March. =. .............. 69i