The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-04-25
VAS BETTER sPlNNEssi',; 0 IF AMP
Outside Interest. also, Vas More
Prominent Feature Than for Some
d Iims-psst::.Whea' Nade = i II
% 8 Gain.

Ee4 swa
% Gain.
vork Anril ,24-The cotton mar
tet developed decided speculative energy
to-day based upon the substantial auval.
tase of continued interest on tue P5le VI
the American ,spinfers ana "&por'eis'
outside interest also was a more prom
;nent feature than for some TIME past
The strength of the statlsucal position
in This country and in Europe ana
hal;ef that political conditions ABROAD
gradually will assume a more peaceIu'
tenor led the livestlnent buying on
broader scale. To-day's market at pest
showed an advance of 341O points Win VIII
tho improvement chiefly on. the summer
nositions. There were further rumors OF
manipulation on the part OF prominent
Tivernool cotton operators which tendeo
to increase the anxiety of shorts. buying
was checked somewhat by q better class
If news from the Mississipri Valley
r. 3. cuTHBERT s cos. LETTER.
New York. April 24.-(Special)LCottoIl'
was firmer and higher to-day on genera
covering of shorts and some new buying
for long account, stimulated by the con-
Timed strength of the Liverpool market'
with further advance there OF I-o-o III
snots and 1-64 in futures. There was
also some good Liverpool buying: Irau-
ing was more active than for some lalie,
and as the demand continued up TO the
close. the last prices were tne hlghes.
and showed a net advance OF 2 TO
nnints. Total sales were $4,000 bales.
The weather was fine all Dyer the South,
and the weather Bureaus reports show
further material improvement IN rhe
Mississippi River situation. NO atten-
tion was. paid. to war news Perhaps sthls
NAV have a dafnpeniHe effect upon bull.
ish feeling atsIiverpoM ON Monday ana
lead TO a setback in the market.
STOCKS.
Speculation in the stock market Ior
thelrise was iefectuallE checked to-day
by the more serious aspect the war pc
tween Greece and Turkey has assalmee.
Gables reported continued success OF the
Greeks and uprising in Macedsma ana
the whole Greek nations army ana al
bantam divisions of Turkish troops desert
ing to the Greeks, Only two days e 90
it was thought nothing could stop the
progress of the Turks hut <noMS appre-
hension is. felt, in all the, 1Europeal gpl ar
kets and it is admitted in diplomatic CIR
cles that only a spark is needed to set
the Balkans on fire and lead to general
war. Missouri Pacific was the sprinclpal
weak feature. selling off rs per cent to
1884, on liquidation. pf,a block, off 2,ool
shares "at the market" The business
was on a very restricted scale Through
out the session aud, the light dealings
plainly. evidenced the nervousness and
uncertainty of the general feeling pre-
vailing in financial circles over the Euro
pean, situation. Tuesday, next will be
observed as a general holiday in this
city. All tile in this city as
well as the. banks, will be, closed, ,.,s.,.
WHEAT.
Wheat advanced Sharply to-day On gen,
erhl, covering Of shorts and buying fel
the rise on the war ,nev There was
a heavy demand from the start for both
accoints1and also large foreign. buying al
though the war news, was the principa
factor, the strength Of the statistical pos
ition and a continued good export de-
mand were also important factors III
stimulating the Exporters
here, took 40 loads and bought futures foI
May and June delivery quite heavily. II
was very nervous market and sharp
and frequent fluctuations were occasions
ed by realization sales. The European
situation was regarded as very serious
and indicating the possibility of the wal
spreading and threatening the peace of
Europe.
e. B. CUTHBERT & co.
@ NEW YORk. .s