The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-04-27
COTTON MORE ACTIVE
Caused bv a More Peaceful ONT
look in Europe.
look in Europe.
LIVERPOOL WAS STRONGER
NEW YORK MARKET FLOODED
WITH BUYING ORDERS.
ORDERS WE'RE HEAVY
Al the Best Point Prices Showed >e'
Advance Of 8 to "a Points me
Close Being Steady at a Net I'M
nroxement of 8 to i3 Points.

Close Being Steady at a Net I'm
provement Of 8 to Is Points.
NV York. April 26.--The cotton mar
tet was decidedly more active ana prices
advanced 4 to 10 points at the start, wath
.o,;d trading throughout the session.
nh, principal element OF strength was
mo more peaceful outlook Of political AT
fairs in Europe, the Liverpool market
showing leading strength. Private ad-
VICES a ssert that the English advance was
dine II, the assumption Of early peace for
all Europe. The New York market was
flooded with buying orders from abroad
and Investing orders from outside sources
I'm this country were on larger scale
than for some time past. The advance
to-day was further stimulated by the
runor that prominent Liverpool author
ity is about to promulgate a bulish CIR
cular regarding stocks and acreage.
LIVERPOOL orders were very heavy in the
morning. In the afternoon the advance
was arrested by local realizing and New
Orleans selling, which especially reach
ed the new crop positions. At the best
point to-day prices showed a net advance
of 6 to 10 points, with the market hnal-
" steady in tone at a net Improvement
of 3 to ID points.
r. E. CUTHBERT & CO.'S. LETIEk.
New York, April 26.-(Special)-Wheat
developed weakness and sold off 3as 10
3& cents in first fifteen minutes bust
ness this morning on general heavy sell
ing for both long and short account, on
weakness of Liverpool and the news from
Ieyant leading to belief that war is
practically on it's last legs. The trading
was on very large scale and attended with
some excitement, but later the specula-
ton quieted down and the market huctu-
ated sharply The publication of Thoman's
report making condition winter wheat
500 per cent, against So last month and
SO.4 last year, with indicated total crop
of 314.OO0000 bushels had temporary
stimulating effect, but the demand which
it occasioned was soon supplied by the
bulls, and the market later developed re-
newed weakness and finally left off quiet
and easy at 4 to g from the bottom and
, to 49, cents below Saturdays closing
Corn and oats were in sympathy with
wheat and closed Fl to 1 cent lower.
COTTON.
Cotton developed increased strength
and activity to-day and closed firm at
about the highest prices, u to 13 points
net advance for this crop and to 10
points for the next crop months. The
market started off firm on the firmer and
higher Liverpool cables and heavy buy
ing for Liverpool account. Shorts be-
came nervous and covered, and general
buying movement ensued, which continu-
ed up to the close. Trading was heaviest
transacted for hong time, and the action
Of the market led to revival of bullish
sentiment. The European buying was
on the supposition that the war is prac-
tically over. Spot cotton here advanced
" and at the South 1-16 to y, with CON-
paratively large sales. The market will
the day were 2O6,6OO balee.
STOCKS.
The Improvement in the stock market
to-day was due to general covering OF
shorts and rebuymg by bulls who liqui.
dated on Saturday. The buying move
ment had its basis ON the defeat Of the
Greek army and it's forced retreat from
LArissa, which was regarded as showing
weakness on their part. Although the
sympathy ie with Greece, still their vic.
tory has all along been regarded as a
bear factor. The Improvement in the
market was uniform and generally in the
railroad list, with the grangers, Wander
bits and internationals shares the strong.
est feature. As exchange weakened in
the late trading, Kidder, Peabody 4 Co.
announced their engagement OF $5OO,OOt
gold for shipment, to Europe by Thurs.
days steamer, this announcement, how
ever, did not alter the firm closing tone OF
the market. We understand that fully
100000 gold will be shipped to Aus
tria before these special orders are com
pleted, but as we have plenty gold here
and very large surplus reserve in the
National Treasury there need be no ap
prehension felt in regard to the ship
ments The tone at the close was firm
with the sentiment generally bulEsh and
indications point to a better market. All
the exchanges in this city will be closed
Tomorrow. Consequently, there will bs
no business transacted here until Wed
nesdGy.
e. B. CUTHBERT & co.
NEW YORk.
XIV YoRK. April 26.-Futures opened
futures closed steady: sales 100000 bales.
Opening. Clio NJ
April ........... ..,,... $500. 7 "A 70
May. ..........,...........s.' 10 80
June OBSERVATION-DISCLOSURES. 20 d0
July OBSERVATION-DISCLOSURES. 81 %