The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1897-10-26

E-soa2so: stralghts. a.AF&ss: No :
spring wheat. sc: No 2 spring wheat,
sousSc: No. : red. Sc: Nc. 2 corn. 2ss4s
So No Whit; ! cats s1 ss.e; No, : Whit sr hi S'
sSssfSs-s1-: lard. per loo lbs. A5s6+5stz.
short ribs sides. loose. x1ssW4ss: dry
saited shoulders. boxed. -: short
! clear sides. boxed. -: whiskey. distii-
iers' finished goods. Per gal. fla
! New York. October l-Flour fairly ac-
tive and frm at full prices: winter pat
. ATs: Minnesota patents. x-ienss: winter
! extras. 2sef36: Minnesota bakers. $l1
TsASo: winter low grades. aoH2fa4
Wheat-Spot quiet: No 2 red. si-olas.
!. Options opened of from the curb price
and ruled quiet and rather easier ali the
morning, influenced by liberal realizing
and sonsJ foreign selling. closed at s1sc.
| December TIA i3-isc. closed at sac.
| C~orn-Spot easy: No. =, &c. Options
| opened steady but eascd OF under realiz-
ing and the set back in wheat. closed al
assc: december s11GS1S.c. closed at sitxc.
| oats-Spot dull. No = &c. Options
| Were dun and featureless at unchanged
/ 10 Isl net lover, October closed at .sLc;
| December closed at a5Lc.
Lard-Easier western steam closed at
sac: refined quiet.
Pork-Dull: old mess sS15Ga.s: new
mess S.EGi0.oo: short clear $40. osasls.e 90:
family sll.cogl2.0.
Eggs-Quiet; state and Pennsylvania
Is1lsc.
SOAtou Stsu ol Sledug. prime crude
2oc; prime crude. (. o. b.. mills isl iGc:
| prime summer yellow, s3isG255.c: OF
summer yellow. 23n23i4c: butter oil, 2.I.af
2sc: prime summer white. 2Siaa27c; prime
Rice-Firm: domestic. fair TO extra,
4&T6kc; Japan 4AG5hc.
Molasses-Quiet: New Orleans, open
kettle. good to choice. 2JQ3lc.
Conee-Options opened steady at un-
changed prices: ruled inactive with weak
undertone. following disappointing Euro
pean cables: continued heavy reciptes at
Rio and Santos, and lower spot coffee
markets checked somewhat by heavy
United States warehouse deliveries.
closed barely steady: net unchanged to 5
October $50: December $50. Spot Rio
weak; No. Z invoice &c; No. Z jobbing.
nc; mild quiet: Cordova. H.oles.
sugar-Raw nominal: fair refining
3 slice; centrifugal. So test. SIC; refined
quiet; mould A. 5ac: standard A. &c: con-
fectioners A. SC; cut loaf SIC: crushed
SIC; powdered, 5Sc; graduated sic:
NAVAL STORES.
New York-Rosin steady: strained.
common to good $1.4OT1.i5. Turpentine
steady at 32G3212c.
Charleston-Spirits turpentine quiet at
PC; sales none. Resin firm: sales none:
strained, common to good. $.10 to 81 70.
Savannah-Spirits turpentine steady at
3Oc. sales LOO: receipts 557. Rosin firm:
sales 2Goo; receipts 1928. Quote closing:
Fi-p. ~ n Si-op NJ S1-oD. II
l Sl.55: X $3.50; NJ 500 n s.. 40; w G S2.65;
w w $500.
Cotton FutureS
Especial to The Messenger.)
New York, October 23.-The believers
! in a monster cotton crop and the adyo-
Gates of lower prices have been greatly
encouraged by the heavy movement of
supplies and the drop in price this
week. The loss in values has not been
very great at less than 20 points but
the loss in morals and feeling is seri-
Gus. Fol the first time in several years
January cotton sold in New York below
6 cents today. Liverpool responded to
| the shown here yesterday by
breaking sharply this morning. Our
market opened 2 to 4 points lower. The
demand in the neighborhood of 6 cents
was large, but liquidation was very
heavy n more than supplied it. Re-
ceipts were again big, January opened
at 6.02, declined to 5.95, rallied and
closed at 5.9S to 5.99 with the tone of
the market barely steady. The week
closed with a feeling of gloom prevail
ing which is shared by almost every
one. How little cotton is really worth
and how certain it is to sell much lower
i q DC ACdIu VII al SiotS. INV
prices n unsatisfactory conditions in
the cotton goods trade, the probability
of labor troubles in English mills, the
enormous movement and the lack Of
speculative support, added to the gen
eral impression that the south has sue
ceeded in raising a record breaker,
poor crop accounts to the contrary not
w~ithstanding, are the ~dissuading argu-
mentS presented to those who give evil
1 6anca of friand1inaCc To tina Y1arkat Go
far they have been effective. A bull
must cling to his belief in an over esti-
mated crop and to the knowledge that
any change in trade conditions must be
for the better, as the basis Of his hopes.
Intense and general bearishness is
never so great as when prices are ex-
tremely low and we still think that
those who make conservative purchases
and protect them will not lose money. .
RIORDAN & co.
CBy Associated Press.)
New York, October 23.-Renewed
selling by the longs, much Of it forced
through margin e%xpirations, was a
feature Of today's cotton market, re-
sulting in a loss of s to 10 points at the
weakest interval, January contracts
selling down to sos, thus again break-
ing the record for this season. The
selling was led by a prominent house
with connections all over the country
and in Europe n especially active for
Wall street accounts. This concern
was an active seller yesterday and, in
1uenced by their continued selling to-
day, less important houses threw cot
ton over very freely. The only support
the market got during the brief session
was in the way Of buying by shorts.
This, just before the close, led to a rally
Of 2 to 3 points from the lowest level Of
the morning. The market opened easy
at a decline Of / to 2 points and further
declined as indicated above with the
tone finally barely steady at a net loss
of 6 to z points and total sales OF flu
lures 125, 900 bales. The weakne IS Of he
market was increased by a tendency to
make larger crop estimates and the
predictions Of heavy receipts again this
week