The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-04-15
MARKETS YESTERDAY
Cotton Showed An Advance U
3 TO s Points.

Nav York. April 1.-THE loacl shorts
baya heen actuated by fears OF more %
r;ors trouble in the Mississippi NaheS
,,.itb the Cotton Exchange to be c,oseu
throa d,vs on account of the honoass >,
,,,,r,os;ng Thorn to unusual risk. CoFea ms
,,.ae tho feature of the day. Al pest IN, tne
,,,o of showed an advance Oh oVoo
TITS with finally an advance Oh o1'
;,,+s md the market steady III 'one'
ir1,aro has been very little outside inter
-. rho market in the afternoon was
,o,,ot Inv REPORTS from the dry soous
it;on sale with 10000 packages oner-
al and the rVssoulay, Gus
~ and tbe results reported to DE exceed
mo expectations on the average.
~ CIrTHBERT & CO.'S. LETTER.
New York. April 14.-(Special)-W neat
s,,ctnated within narrow limits during
tho morning and in the late traoing ue-
yaloned strength and activity on renew,
Oh buvine and covering shorts anhueneeu
hv renorts of 80 loads wheat taken
for eynort here, cash sales OF Ioo'ooo
bushels at Chicago and late war news
from the Turkish frontier. prices au'anc-
49,: I cont and closing firm at the top
prices and q to Il above yesterday ciose'
Foreign cables were 1aSsrapie,
and the outlook for spring "heat
ne indicated by government crop anu
weather bulletin was regarded as ulil"
enable IT was a small, narrow ana
norvous market, with undertone IN the
main firm and sentiment bullish. Corn
and oats were easier in the early traolhs
ON favorable weather prospects and sell
ing by shippers, but allied at the close
in sympathy with wheat.
COTTON. -,
Cotton ruled quiet and steady and clos
al AT = TO points net advance, after
sales Of 92.700 bales. All the news was
ratber favorable. but speculation Jagged
and If was with difficulty that the small
;mnrovement was maintained at the
close The crop and weather bulletin
showed no Improvement IN the crop slt!ia-
ton and the Mississippi river SITUATION
remained unchanged. The ldVefpooi
markets closed steady for spots, with
sales of $4,000 bales at yesterdays prices
and futures ~ to 2-64d higher Inc
port receipts were 3,ooo bales ana Ine
tlry-goods auction sale were OF 2Z'ooo
cases cotton goods was considered satlS-
factory, although the prices realized
were SO to Z below the regular trace
prices. The market here will be closed
ON Friday and Saturday, and likewise
New Orleans, while the Liverpool mar
ket will remain closed from tomorrow
night until the following Tuesday.
STOCKS.
The stock market was very irregular
and unsettled to-day, with trading very
much mixed and uncertain. There was
heavy liquidation in Chicago Gas and
Sugar for the account of the leading
local operator. and a renewal of vigorous
bear raids, especially in the last hour
The selling in Chicago Gas and Sugar be-
gan at the opening on orders of 5000
each at the market, and was continued
nm to the close. During the noon hour
the official announcement of the refund
ing scheme of the New York Central
bonds was made, ais foreshadowed In
our adyices yesterday but 1T only had
Temporary effect in steadying the mar
ket and it was later utilized as a basis
of profit-taking sales in the stock and
also in Omaha and the grangers. The
weakest features were Sugar and Chica-
20 Gas, the former declining z per cent
and the latter 3 per cent. The selling
was feSarueu DIS Iiauhdaoii VI 'nS pooi ~
the stocks and short selling for a turn.
One house alone sold 10000 shares OF
Gas and 10000 Sugar. The coal stocks
were attacked in the last hour, and readl-
Nv declined under the pressure. Jersey
Central's books closed for the dividend
to-day. There were all sorts of rumors
current. One was TO effect that ii. D
Havemeyer was lying sick at the point
OF death Another was that Barnie
Barnato, the South African kafhr King
had failed. Both were of course untrue
1t was a very nervous and irregular mar
ket from the start, with the business
largely of professional nature. Tota
sales for the day were 229, 1877 shares.
r. B. CUTHBERT & co.
NEW YORh.
NEW YORK, April lt.-Furures opened
steady at the advance: sales 4.n0 bales
onlrc otto col y n EoIa