The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-07-15
According to News Percolat-
ed From Washington.
TRADING IN BONDS LIVE
THE SECURITY MARKET CONTlN
TIED TO SHOW STRENGTH.
COTTON CONTINUED TO RULE IRREGULAR.
The Trading in Wheat Was a Drawn Battle
London Unexpectedly Quit Selling
and Commenced Buying.

and Commenced Buying
~ york Jnly 14-The cotton mar
I.at opened firm at an advance Oh ~eSf
o;n+s further advance 203 points; ruled
;rroo,,lar in the forenoon governed by
conflicting crop accounts, but generals
weak in the afternoon under hquloation'
.,o..,,r eaxv at a net decline OF ZQo
o.n4s Total sales futres $4,000 bales.
rrba market showed niue more AZ
,-as+roant energy this morning, put the
commencement was short lived trading
assumed the usual "scalplng or pfoieS
s;onal aspect with a tolerabiy ialr uh-
,,ortona however, during the morning,
eol,ou;no conflicting crop accounts With
;nd;cations of drought IN Iexas, Afkan-
sos and Mississippi, and more VI ieso
GENERALLY through the southwest. Ihele
syas a sharp decline in the AFTERNOON uh-
dor a hear raid, lead by the German Gull
tingent.
T. p CUTHBERT & 90. ST. TIEh.
New York, July 14.-(Speclai,-N n tst.,
showed continuance OF the suen
today which characterized yes.eluay
arLat AS was the case yesterday INC
ah;of stsmuIus was derived from nrihei
md higher foreign markets gooo ~,
e;gn buying and the increasins stren
80 tho statistical position. The feature
70 +be latter news was Bradstreess soa.e
WON'T showing a decrease in tne Wor'e
r;sih,a SIMPLY for the week OF ABOUT ",
900 600 bushels. Mr.. Barrett anu oene.
load;no shorts found it very oiIneai. !"
-.ovar their contracts to any extent WIN
ont putting the markeb up spon ueA
salves as the offerings were Nsnt e"AAs
n q general disinflinatioa 20 sen ESP
o;alIv I'm the July option. frlees az
y.n.ed in the early trading n 70 ~ eenA,
~. latar the market receded On reahhins
=. .oaInere Over 40 loads OF wheat
y.ora taken on cable acceptanees IN
ol,,d;no n here and % at the ostpor".
Corn 1Yas unchanged while fuSUes sios-
ed II to 3s higher.
COTTON.
fntton ruled very hrn adj eas,
moderate transactions, 1naer Nc oas
;nauanee of firmer and higher AAverPoo'
markets, with spot cotton tnere INV
+,,raa IN 1-16d and In better deinai,u'
continued hot and dry weather IN 'ne
Southwestern portion Of the cotton pei,
o,,a evidence of a good demand all osea
The country for spot cotton now tha'
~ s,at;stieal position OF the staple =
ha;r~ recognized as the strongest Aoi
,nany years. In this market, tnere va.
oooa demand from spinners az Wen as
ISortars and total sales OF 6,Sol paies
,-ara made at z 1915 for middlns IN
olrdiny b56 for export, 2,4oS to spinner.
ma 600 delivered on contract. FriNa.e
renorts of rain at various points
TaYas checked the buying, ana VIC
baars worked hard for reaction. shoel
the nressrre the market lost me cary
10 points advance ana sioses
a. . t. 2 points net decline fro3 Ia.
49, n,;.ea With total gales SS,9ss
bales.
RI. trading in sugar soAhnaeA ae
feature Of the stock markes ouss' ~
its gyrations were less Tioien. Ia.
terday and the trading was .ess .ool,
Still the price movements on Tue 49,
were sharp and frequent ana soveree q,
wide range. Closing at I.oo, the =: -
price at the opening was l.S4za no,l
was followed by a sharp uIop ~ -
and a subsequent rally to l.5oA, all %
which took place in the first 10 mn ha
utes. After that the stock fuctuateu W,
tween 1884 and 1.35 on comparatively :;
moderate transactions. There were a.,
sorts of rumors current on the street
in regard to the status of the sugar .ai,
if schedule adopted by the conference
committee, but the situation remained
unchanged, nothing having been DEFINITE
" accomplished toward settling the
question. 1t is more than likely that a
compromise tariff rate between the House
and the Senate's schedules will be adopt
cd. Mr.. James X. Keene is credited
with having sold out $4,000 shares OF
his stock yesterday and a similar amount
today through brokers. The Supposition
is that the stock will have further
break and then advance again. AS far
as the general market is concerned,
firm undertone prevailed throughout the
list during the day, especially LOT tne
grangers and coalers, all of which closed
firm at fractional net advances over last
nights closing. zo