The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-12-02
TWELVE CENTS
COTTON SALES.
Observation-Disclosures
That Height.
KNEES ARE TREMBLIN'
Cotton Folks are FeVerish and Nervous
While Waiting for the Govern
ment Crop Report Which
is to Appear
Tomorrow.
Tomorrow.

And twelve cents a pound is being paid
for cotton.
That is the price that was paid in Raj
oigh yesterday for the feecy staple.
1t is true that but two bales brought
this price, but still it was offered and the
cotton was strict middling.
Most of the sales during the day were
at IFS cents pound. The market open
cd at liz cents and sales were made
at this figure but it began to advance,
went to the three quarters, then to seven
eighths awhile and then gulped down II
cents
There were sold here yesterday 128
bales OF cotton and of these 12S. not
thirty were sold at less than 1875 cents
a pound. The prices ranged from liz
cents pound to u cents a pound as
against 8 20 81 cents a pound year aso
when SO bales were sold here
Of the two bales sold here at IL cents
g pound one was bought by Messrs. C. E.
Johnson e Co., this being from Mr.. j. j.
Womble, who comes from Green Level.
Re had three bales here AID the others
brought 117s cents a pound The other
bee & Company from Mr.. ]. w. Burt. of
Buckkoin township Mr.. Burt brought
four bales here and the others sold at
IFS cents a pound.
The ruling price for the day was liz
cents q pound and this is apt to be main
tanned today. 1t is not expected that all
cotton brought today will bring this fig
ure, but the prices are expected to range
from 11% to II cents mound
The future market yesterday was way
above eleven cents in New York. The day
before spot cotton was uoted there at
1866 and yesterday the figures went to
1f.95. This shows that the Raleigh mark
ct at u cents led the countrx. Some of
the demand here is caused by the local
demand from the mills in this section,
and the buyers are anxious that cotton be
sent TO market.
the bears are being squeezed said a
local dealer yesterday The mill men
who bought at az cents are asking that
cotton be delivered, and when between
liz and u cents is being paid by the
bears it brings tears of anguish to their
eyes. The squeeze is such tight one
that their ribs are cracking.
Tomorrow and then comes the watched
for government report. In view of what
it may be there are many knees In the
cotton world that are a tremblin'. and
if the report falls below ten and a quarter
million bales they will trembie still more,
for this viii certainly mean that the price
of cotton Will advance.
The Daily Times. of Wilson. says that
on Monday Mr.. D. M. Boykin. of Old
Fields township. sold Messrs. P. L. Wood
Iolo or
weighing exactly 500 pounds each. total
1,77O pounds. and sold at s11.1O per hun
dred amounting to S196.47, which is an
average of S65 40 a bale.
This sale has not been beaten by any
farmer in Wilson. and if they can come
up to this at one sale, Messrs. P. L. Wood
ard & Company. would like to have a
chat with them.
It is reported that as cotton is high and
still advancing, that the farmers are put
ting UP small bales so as to make a large
gain en- the bageing This is not so on the
Raleigh market. If it is so at any point
for the bales here arc of the usual size
and an examination of the receipts yes
to-day showed very many large bales
sold in Raleigh.
Mr.. L. NJ. Green. of Neuse township,
who is large and successful cotton plan
ter, believes cotton viii go still higher.
lie said yesterday: There is not near
as much cotton being held in my neigh
borhood as last year. The price has been
coed and most of my neighbors have
sold their crop. The crop is smaller too.
Ferralfs gin in my neighborhood last
year girned six hundred bales. Up to a
few days ago it had ginned only $50
heles ] doubt if &c gins over $50 bales
shis year.
"All the cotton in my section has been
n;cled QUIT think three bales would