The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-02-14
The REMARKABLE
RISE IN COTTON
Closes Here at a Net Rise of
II to % Points.
508, 900 BALES WE RE SOLD
NEW YORK FOLLOWED LIVER
POOL IN THE RISE.
SHORT INTEREST IN ENGLAND YET GREAT
In the Morning Fluctuations Were Frequent and
Violent, But the Afternoon Phases Of the
Market Were Buish. Stock
Market improves.
B08, 900 BALES WE SOLD
NEW YORK FOLLOWED LIVER
POOL IN THE RISE.
SHORT INTEREST IN ENGLAND YET GREAT
Market improves,

New York. Feb. 13.-Demand for gen
eral run of cotton goods increasing and
fair business done today. Tendency of
prices III brown sheetings and coarse
colored cottons upward. advances of Mc
III same make Of plaids and of half-cent
in some checks. Bleaclcd cottons mo.e
doing prices without change. About
100000 pieces regular print cloths sold
at full price 33ic. Demand for irregular
cloths good, and tendency against buy
ers Prints in fair demand and steady.
Ginghams strong throughout. Men 5
wear, wooden and worsted fabrics quiet
without change in tone of prices.
COTTON.
New York, Feb. 13.-Great excite
ment prevailed at the Cotton Exchange
today. The extraordinary advance OF
6EM10-64d at Liverpool, as compared
with the closing figures of Saturday,
threw CONSERVATION into the ranks of
the bears and led to a heavy demand for
covering short contracts. and at the same
time broadened speculative activity, with
Southern and English buying orders par
tieularly heavy.
The market was subject to frequent
general rise in futures an advance of
about 1-3c the spot market quotations
having been officially advanced three
sixteenths while a subsequent special
canvass to the open market for spot
cotton showed that there was a conserya-
tive view, as very little cotton, if any,
was for sale except at an advance or
Ac. The markets for futures opened i'll
wild way at an advance of 1902.
points on tire near positions and 1o02S
points in the new crop months.
At the. best point of the session the
maximum rise, on the more active posi-
tons WAS 30M39 points. but on the way
to this Improvement there were several
very sharp reactions when long cotton
came out freely in an effort to secure
profits. The break from the highest 10
the lowest point Of the day was a mat
ter of 10112 points. But the afternoon
phases of the market We're of posi-
lively bullish character Prices again
took the highest level and trading
changed to covering and investment de-
mand; the buyers being largely influenced
by reports from the South of advancing
SPOT markets. reluctant sellers and dis
appointing receipts. The highest official
report of actual transactions for the day
is S0S.000 bales.
Today it is semi-officially estimated,
in the absence of any official record,
that the transactions exceeded the rec
ord Buying was stimulated by private
cables calculated to show that the short
interest in England was still very great,
Notwithstanding recent enormous buying
for Liverpool account. y few dis
patches from the South on the acreage
subjects We're in circulation without at
tracing attention, owing to the prevail.
ing excitement and the enormous influx
Of business.
Tie market closed very firm at net
rise of 11M3S points.
NEW YORK.
New vow. Feb 8 Cotton futures opened