The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-04-16
TRADING WAS VERY llGH !
EARLY FOREIGN NEWS TOl!EiA
BLY, FAVORABLE.
BUT LATER WAS DISAPPOINTING
Declined 2 to 8 Points on FIRST "a T.
In the Afternoon the Market was
Easy and Closed Bare'v
Steady at Net Loss
z 70 Points.
9 to q Points.

New York, April 15.-ln anticipation
of the holidays the cotton market was
narrow and generally featureless with
the trading light and local. Inc market
opened barely steady at unchanged prices
to a decline of 2 to ) points. Inc mrs.
call was followed by decline OF 10 .
oints, under estimated large recelpls sil
ports. Early foreign news was tolerap!
favorable, but later advlces were us
appointing and for some time seliins
was ouite active In the afternoon the
market was easy and featureiess anu
closed barely steady at a net decline OF
: to points.
f. B. CUTHBERT & CO.'S LETTER..
New York, April 15.-(Special.)- Got
TON was a dead market to-day, ana tne
fluctuations in prices were so small as 10
be confined within the narrow range Oh
. to 3 points of last nights closing quo
tations. The business was entirely pro-
fessional and mostly of an evenlng-up
character over the holidays. Commission
bouses were idle and the foreigners did
very little. The market opened about
last nights prices. declined 203 points
on local selling. The Liverpool spots ad-
yanced 1872 to Az for middling, with
sales OF $4,000 bales, but futures declin-
ed and closed barely steady and 2-64d.
below last nights closing quotations.
Wheat scored a further advance to-day
Of ia for July and rs cents for May in
the Chicago market and closed firm with
in u of the highest The market felt
the bullish influence of firmer and higher
continental markets, good foreign buy
ing, less favorable crop news and general
L ODD ~
by larger Chicago operators recently
identified with the bear side. Inc
Illinois commissioner says two-thirds OF
the winter wheat area, or 1,149.OOO acres
of winter wheat planted in that State,
was killed, and the condition of the re
mainder, $50, 900 acres is so poor that not
over a third crop average will be raised.
The market absorbed large lines thrown
over by local traders, realizing profits
and showed its strength by closing firm
at the best prices Of the day.
STOCKS.
To-day,s stock market was dull and
heavy from the start. 1t was effected
by conflicting advices from London in
regard to the situation in the Levant
and the threatening aspect Of the politi-
cal relations between the Transvaal Re
public and Great Britain. The latter
led to continued liquidation in South
African securities in the London market.
The weakness abroad was reflected here
and together with foreign iselling of
about $1,000 shares, and local liquida-
ton and bear raids, kept the market ir-
regular and unsettled up to the close.
The weakest features were Bay State
Gas, Atchison, Louisville. and Coalers,
with the Changers next. The selling in
Louisville was most pronounced, but the
bulk Of it was short stock for a leading
operator. As was the case yesterday, it
was largely professional traders mar
ket. The Stock Exchange will be closed
tomorrow, but will reopen on Saturday.
T.. Il. CUTBERT e. co. III
NEW YORh.
NEW YORK, April i5-Futures opened
barely steady: sales 400 bales.
Futures closed barely steady: sales g., COZ