The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-04-13
FEARS OF STIFF
MONEY A FACTOR
Sterling Exchange Rises To-
ward Gold Export Point.
MOVEMENT A MYSTERY
London Attributes it to Americans
Borrowing Money There.
GOTHAM TO FOREIGN BORROWING HERE
The Borrowing in Each Case is Done to Garry
Their Holdings. N. Y. Stock Exchange
Adjourns Until Monday. Closing
Speculative Contracts.

are without material change in any di-
rection. cold, wet day has reduced
spot business to very limited dimensions
in all descriptions of merchandise. Mail
orders have also been light. AS a matter
of fact values have not been tested to
any extent and quotations remain un-
changed in cotton, woolens and silks. A
mere uninteresting or more featureless
market than rules just now is seldom
seen.
COTTON.
New York April 12.-Speculation in
cotton futures was not active today. An
unusual array of bullish factors con-
fronted the trade this morning, but the
result was disappointing. The market
after opening two to five points higher
and increasing the advance one to three
points on the more active positions. be-
came easier. The failure of the market
to respond fully to the very steady clos
ing Of the English market with crop ac-
counts more bullish and situation spot
holders firmer, led to disposition to
realize on local contracts, if not to take
the short side of the account. The latter
course was pursued in. a conservative way
by few of the principal bear houses.
and prices gave way four to seven points
from the best figures of the forenoon
after which trading was slow. The double
holiday led to some trading for the pur
pose of evening up accounts The weekly
Liverpool statistical statement was ex-
ceptionally strong and port and interior
receipts very light, but the market
dragged most of the day. The close was
barely steady with prices six points
higher to three points net lower. Short
selling in the distant months caused rela-
tive weakness in those options.
CLOSING OF EXCHANGES.
New York. April 12.-All the exchanges
in this city will be closed tomorrow and
Saturday with the exception of the pro-
duce exchange, which closes tomorrow
only.
CLOSED UNTIL TUESDAY.
Liverpool April 12.-The cotton eX-
change will be closed until Tuesday, April
18th.
COTTON YARNS.
New York, April 12.-No. 1851 and ISL
warps, at 17-17l2; No. 14s-1 warpscat IS;
warps. at 201a-21: No. 22s-1 warps, at 81;
No 26s-1 warps, at 81 No. to los bunch
yarn. at IS: No. Psi, at 16h-17; No.
ISL. at 17h-1S No. 16s-1, at 1S-1S12;
No. 2Qs-1. at 20-21; No, 22s-1 at %; No.
26s-1. at 81; No. Ss2 ply soft yarn, at II;
No. 1882 ply soft yarn, at 1112-1S; NO.
$50 ply hard, at 161a17; No. 1852 ply
hard, at 17-171a No. 2s-40 warps, at 40;
No. Ss-3 warps, at 16h-11; No. 12s-2 ply
hard, at 1872 10; No. 14s-2 ply, at 2O-2O1s
No. 16s-2 ply at 201221; No. 20s-2 ply.
at %; No. 24s-2 ply, at 26; No. 26s-2 ply,
at 27-2S No 3Os-2 ply yarn, at 1928; No.
1852 ply, at 1888; No. Ss-3, and ply,
at 1917; No. 20s2 ply chain warps, at
"a; No. 24s-2 ply chain warps, at q; NO.
26s-2 ply chain warps, at %; No. 30s-2
ply chain warps, at 30 No. 1858 ply hard
twist at 201a-21; No. 20s-3 ply hard twist,
at 90; No. 26s-3 ply hard twist, at IS
NEW YORK.
NEW YORK, April 12.-Cotton futures opened
steady at the advance.
FL. L..