The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-06-23
NO NEWS FROM ENGLAND
LIVERPOOL CLOSED ON ACCootNi
oE/QUEEN's JUBILEE.
LITTLE BUSINESS WAS DONE
The Tota, Sales of the Day Reaching
only 1880 : fhe Market
Closed Quiet at 8 to 7
Points Decline.

M York. June 22.-Cotton steady,
Nth near months onapoint lower ana 1ar
months enc point higher. Following the
first call there was a further advance ot
las points, led by an upward movement
in September, December and january
contracts on buying by COMMISSION
houses. sellers being scarce IN the ao-
sence of English advices, with the LlVer-
pool cotton market closed on account Oh
the Oueen's jubilee. For the rest or the
session the course of the market was
irregular. but in the main down"ard'
governed by conflicting crop accounts
which however, were generally favor-
able From the best to the lowest prices
the swing of the market was IL points,
while the volume of bushes was small,
the total of the day reaching only u,ooo
HES The market was finally quiet IN
tone al a net decline of to points.
E r. OUTHBERT & CO.'S LETTER.
New York. June 22-(Special.)- Cot
ton was very feverish and irregular To-
day. with q moderate trade attended py
sharp and frequent fluctuations IN prices.
The tendency was downward throughout
the morning, owing to preponderence
of selling orders to secure prohts ana
the elimination Of the short interest yes
Yer6ay. and the bearsh tenor OF the
weekly government crop report. Ihe
rally in the late trading was on renewed
buyius by bullish traders and commission
house- On SPOT sales here Of 3,752 bales
nd the expectation of higher prices in the
LIVERPOOL markets upon the resumption
If business there tomorrow. Inc grad
ing was largely of local professional
character. the bulk of what few OUTSIDE
orders that came in were to sell.
Wheat was firmer and more active to-
d.v an advance of IN cents in the early
trading On q furry among the snorts, III
.6ueneed BY the transfer OF over miiiloh
bushels Of September to July IN the
Chicago market by prominent shippihg
6rm This was taken to mean some KIND
ne . movement was impending IN July
contracts and in the rush to cover july
advanced from 677k, the opening price,
to taH while the later months advanced
hnt II cent. Free realizing sales later
and heavy selling against calls caused
= suheeguent sharp reaction to the open
!, priee Int this was followed by another
-r,IIy ct q On Bradstreets showing de-
cresse IN the American stocks OF 3,OOO,Ooo
OuS1Gm, 00O TIC ocNOioPiiiS~ -
export demand The European visible
fgnres were omitted this week on account
of the holiday.
corn ruled duh and featureless
-throuxhout the day and closed at last
aighfs prices In the late trading in this
market orders from France for wheat
appeared just under the market and II
prices reeede to the limits, good busi-
ness win be done.
STOCKS
he stoek market developed further
strength and activity to-day under the
lead Of the Changers and Vanderbilt
shares, snd prices scored considerable
further Improvement There was re-
newed rosd class commission buying in
Northwest, New York Central and Lake
Shore for the Vanderbilt interests, and
those stocks, with st. Paul, Burlington
6-ouiney, Northern Pacific, preferred,
aad Rock Island led the list in point OF
activity and strength. There was free
realizing sales by traders and the bears
.eadssvored to turn the market down on
the revival of gold exports, but all the
sderinsa were absorbed and the market
siossl strong and generally at the best
prices, with the sentiment bullish. There
were No special news developments. The
bsyhg was based simply on the general
iaprsvenent in the general situation, and