The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-06-19
Phase of Cotton Market Gener-
ally More Favorable.
A GAIN OF 4 TO 8 POINTS
A GOOD DEMAND FOR CLoIho
AT FALL RIVER
ENCOURAGING ENGLISH NEWS
Crop News Generally Favorable Liver
mol Market Will be Closed MOTT
day--New York Exchange wiz
Probably Close July Sd.

Probably Close July 50.
New York, June 1S.-Ihe phases Oh
the cotton market were sehei"iiS N nv,
ens.o.oblo +bon for some time past The
.,.at o1orcome an early loss of 2(U4
,o;nts and closed firm at net gam OF
Ire ,o;n+ Favorable news was re-
,oo;raa from England indicating that four
of +bo more important cotton mills, name
I,- +ba Amoskeag. the ArmOry, Jeffer-
CON and Stark, together employing be-
tween $4,000 and $4,000 hands will run
ON fuu time and not stop even for Ine
usual June vacation schedule. rms
l. the first time that these mills have
kent running through the summer IN four
wears. The fact that the Lhyerpool
cotton market will be closed next Monday
and Tuesday, partially explained the
afternoon rise as shorts were dlsposeu
TO cover. The market was further SUM
Mated on the Fall River reports lndlcat-
ing a good demand for cloths ana a re.
netition of former bids for round lots OF
goods which manufacturers REFUSE. crop
news was mainly favorable, but as .he
statistical situation is steadily gaming
strength. sellers exercise increasing eau
ton. The New York cotton exchanse'
If is expected will be closed SATURDAY
July 8. A petition to that end mas peeh
largely signed and meeting VIII NC
held to consider the subject Monday at
- o'clock.
q. B. CUTHBERT & CO.'S. LETTER..
Now York. June 1S.-(Speclal)-Ihe
trading in cotton continued light to-day
s,,,+ the undertone continued good on the
IananH for SHOT cOJLOn
at Iiyerpool. where the days sales ag-
grepated $4,000 bales at yesterday
nr;eas while the market for futures CLOS
ed steady at partially 1-64 net advance
.over Yesterdays prices. The market mere
o,,anad ouiet. and after advancing 10
. roints lost this and declined L 10
,.o;nts on realizing and selling by locai
trodars and continued fine crop reports
ona absence of outside support Later
,xr;caS moved up on moderate Duylhs
for long and short account ana Ne"
o,.,oon ne and closed steady at the advance.
w. total sales were 1000 bales. IL
nos small market, with the good de-
,,,oo5 for spot cotton at Llverpool, the
principle feature.
STOCKS.
The feature of the stock market TO-
-dav was the continued good puyihs III
the grangers and Gould Stocks the III
dns+1;als and the better class OF low
,,r;cod socks. all of which advanced 10
the highest quotations yet reacheu slnte
the upward movement mohtn az.
-rrharo was no special news aside from lhe
continuance of the favorable outlook ZOE
the crops. improvement IN puslhe. =;
nrospertive early passage OF larln pil
and growing bullish sentiment Oh ou'
s;dors The London markets were nrln-
or and higher. and notwithstanding the
semi-holiday feeling the foreigners AGAIN
turned I'D as good buyers and TOOK apous
- 600 sharas AS a result of the good
1870 nrices advanced l to ~ per
cont for. the majority of the actlVe
sboras Tn the afternoon, the urgent BUY
inc mower exhausted and the room trad
orS combined and raided the market IN
on effort to bring about break. Iheir
axacution. together with a concerted
raid on Sugar, led to some lrregularits
and nearly all the early advance was
lost and closed with fractional net gains
over last nights prices.
WHEAT.
Wheat developed better undertone
to-day In sympathy Win pettel Lave
pool advices than expected, cables report
ing futures there as having advanced
81 TO Id and closing firm with net gam
of ID to 5s over last nights prices. vi
these advices. the market opened firm
at u to Is advance, but heavy seilins
by holding of calls and traders to real
ize profits caused a reaction and decline
of u to 1 cent. Persistent selling b!
monument commission houses of Jul!
contracts made holders nervous and &C
CELEBRATED the decline. In late trading
a better export demand developed, ant
Monday of over 100000 bushels, thu
market rallied and closed firm at ne
advance of "A to * cent for the day
Corn ruled firm throughout and CLOSED
"a to IA higher.
e. B. CUTHBERT & co.
NEW YORA.