The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-02-14
A RISE OF five To
FOURTEEN POINTS
Half a Million Bales Of Cot
ton Dealt In.
ALL ADvICES BULLISH
In 40 Hours Southern Markets Rise
One Fourth Cent
EUROPEAN sPiaNFRs BUYING HEAVILY
Big Loss in Interior Stocks Predicted For This
Week. lump in March. Increased Dis
position in Stock Market to
Realize Prof,s.
Realize Pnofs.
(By the Associated press.)


New York. Feb. 13.-There has been
decided activity in the dry goods mar
ket for print cloths and prices for
regulars have advanced to 3Ac with
that price bid at the close. Wide grey
goods have sold freely and close occas-
iorally Lice higher. Cotton has further
advanced today and the tone OF the mar
ket here is very firm. The demand has
been Of about recent character, but
more bids are being declined than be-
fore for both staples and fancy cottons
at old prices. Mems wear woolens
steady with fair sales Wooden dress
goods for fall in staple lines are firm.
COTTON.
New York. Feb. 13.-The cotton mar
ket opened steady with October one
point lower, and other months three to
five points higher, an Indifferent re-
Spouse to firm Liverpool cables and very
bullish spot cotton reports from every
portion of the belt. Moreover, soon af-
ter the call active profit taking set in
and bear selling became popular under
free port receipts and fear that the
market was over long. Liverpool quick
ly eased off under the New York action,
being very sensitive to bearish news OF
any character. Private cables, how
ever. stated that spinning interests and
the market leaders in Europe were
strong bullish and free buyers on every
slight decline. throughout the first
hour selling for both accounts and weak
I'LL icaI 1xr will dra w
from the market. The wave of liquida-
tion forced May off TO $40 and July to
S.41, around which prices strong, new
buying came to light and bull leaders
stepped in TO support the entire list.
large estimate for tomorroW's Houston
receipts for time checked any ma
terial improvement, but reports that
Southern, stock markets were UP an
eighth of cent after yesterdays adj
vance Of 1sc, making &c In forty-eight
hours spurred shorts to cover. a ru-
NOR that print cloths were up isc and
predictions for a big loss in interior
stocks this week greatly helped TO sup
port the market. Soon after the noon
hour March shorts began to show I'M
easiness. later being completely routed
/ Dy SENSATIONAL TuLlUTS 10 Tue eiASSI thoS
parties who were long of that option
controlled the New York stock and in
tended to demand the cotton due them
on delivery day. Before the close this
option jumped to $50, or to premium
of six points over the next highest OPP
ton. whereas but a short time ago sew
eral months were holding better posi-
ton than March. The surprising
strength of that month stimulated COW
ering in the rest of the list and encour-
aged new buying throughout commits
sion houses Trading throughout the late
session was very active. overlapping
ANYTHING of recent times. Conservative
estimates placed the days business at
100000 bales. The close was firm with
prices at about top. an advance of from
five to fourteen points on present crop
months. and one to two points on next
crop optins.
NEW YORK
NEw YORK. Teb 49, Cotton futures opened