The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-02-26
PRICES RAN OFF SHARPLY
BIG DEMAND FOR NEW YORK
y ONTARIO AND WESTERN.
}akK STATEMENT W IS IN BEARS FAVOR
bowed Decrease in Reserve Of Over q ,0OO
90. and an Increase in Loans of
Nearly So, 600, 900. Firing
ing peavv Rei;zng.

New York, Feb. 25.--The:c has been
much activity during the week in cotton
goods The steady advance IN print
cloths to 23I cents has covered al lines
of staple cottons, and printed a!.l con-
verted goods with it. The maiority Of
the lines of prints arc now at value"
and the same is true of many blcached
goods lines and other staple cottons.
Where prices were fixed they Wore adj
vanced in proportion to the increases in
the price OF the gray goods. SinGutarlV
this seemed to have little effect on the
day 10y day trading in all the standard
lines. In prints the business passing
was quite heavy and i'll some quarters
only Il small percentage of the seaSt n
able goods are obtainable, the looms of
manufacturers being diverted to other
goods for later consumption. The export
trade has continued heavy in the face of
broadening domestic demand, making
n total of heavy proportions for the
week. The weeks sales Of print cloths
have been very heavy. Practically shere
are no extras obtainable and futures are
sold for considerable. time aheal
COTTON.
New York. Feb. 2J.-Thc cotton mar
ket opened barely steady with prices /
roint lower to 3 points higher AMI af-
ter brief period of irr; gularlty lecame
steadier on covering by local sho II
even up in anticipation of 4 qu'et Sat
urday. Outside orders were very
scarce and too scattering 10 icu"a enc
way or the other, as an intiIan@@. For
eign representatives purchased the near
at hand deliveries and sold. iii a small
way the new crop positions. New Or
leans firms took very little part in the
forenoon business. Taken on the whole.
it was an unusually small half holiday
market with fluctuations devoid of par
ticular significance. Sentiment in the
pit was favorably incliued toward the
staple but, pending broader interest
on the part of the outside speculative
public, the general feeling was adverse
to an aggressive policy for the present.
The bear element showed little of the
spirit manifested late yesterday. r.
ceipts failing TO come up to expectations,
the Liverpool news being hardly as uIi-
favorable as looked for while weather
conditions in portions of the South.
particularly the Mississippi Val
Icy, were against an active movement
toward getting in new seed. Weekly
reports from Fall River cloth mills
We're most gratifying and increased the
confidence of local longs in a consldera-
BILE measure. Near the end of the ses-
sion shorts took sudden scare and cov
cred vigorously. sending prices ) 10
points above yesterdays closing prices.
The bulge was followed by IL partial re-
action. with the close steady ) to
points net higher. Estimated receipts
at the ports for the day 1900 bales.
against S.2S2 last week and 1861 :ast
year. For the week $4,000, AGAINST
S1.502 last week, 14S,760 bales last
year. Today's receipts at New Orleans
1905 bales, against 5.J63 last year and
at Houston We're 1851 against 3.3G3
last year.
NEW YORK
New WORT. Feb. 25.-Cotton futures opened
barely steady.