The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-12-05
New High Prices for the
Season.
FOUR TO EIGHT HIGHER
So Run the Prices Generally, The
Market Closing Very Steady.
Receipts are Equal TO Last
Year. Exports are
Very Heavy.
(By the Associated Press.)

New York, Dec. Am absence or quo
tations continues to be in evidence in the
dry goods market and all advices from
manufacturers are to refuse quotations
until the condition becomes more settled.
Prices have been advanced all along the
line, but in certain cases the new quota
lions are not openly made. Buying is
only moderate as buyers are prevented
from placing orders.
NEW YORK COTTON.
New York. Dec. 4.-The cotton market
opened firm at en- advance OF to %
points following cables that were even
better than expected, indicating appar-
emily that the English trade were inclined
to put quite as bullish an Interpretation
on the governments report as did local
operators yesterday, and it seemed that
locally popular sentiment took no less
bullish view of the situation as re-
suit Of further consideration.
At any rate there was a tremendous
demand in the market from the very
start, and while at first it looked as
though the exceedingly active liquidation
that was being INDUCED in might de-
press prices every decline was promptly
followed by another upturn. Shortly
after the opening prices at one time
showed a net decline of about to 10
points on the active months with De-
cember selling 1925; January 1924, March
1916, May 1915 and July 12.43
Almost at once. however, the local bull
leader began buying all along the line.
shorts continued covering and prices were
forced up in a very jerky irregular sort
of way until at the highest point, which
was shortly after midday, they showed a
net gain CT IA to 81 points with January
selling around 1850, March 1913. May
1911 and July 1857.
These were new high prices for the
season. During the upward progress of
the market it was reported that the local
bull leader was feeding out his holdings
to certain Wall Street shorts around
1890 for March. and that he turned
buyer on every trifling break, but when
prices had reached the high level men-
toned reports of private settlements were
circulated and with the trade feeding
that the short interests had perhaps,
teen pretty we'll eliminated the tone be-
came slightly easier and the realizing
heavier so that during the balance OF
the session the market showed some
what sagging tendency, though there was
another squirt of q point or two at the
close with the market finally very steady,
ret l point higher on April, but gen
orally to points higher. Sales were
estimated at 100000 bales. But little
attention was paid regulation influences.
Receipts were about equal to last years
figures and exports were very heavy with
the Southern spot markets firm normally
unchanged to &c. higher. The New York
spot market was 20 points higher, with
sales of $500 bales including 800 to spin
ners. The insight movement for the
week was Just about as estimated earlier
and about $4,000 bales over last years
2@ures.
Estimated receipts at the ports today
were 53731 bales against 51,647 last week
and 45.317 last year. For the week $50, 600
bales against 377 ,693 last week and 1885,
OH last year Today's receipts at New
Orleans were S,o76 bales, against 1914
last year, and at Houston 1861 bales,
against 6.5S3 last year.
NEW YORK, Dec. 4-Cofton spot closed
firm % points higher. midjlng upland. II d
gulf l2o5; sales $500 bales.
Fr.ures firm strong ard closed