The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-03-08
FINAL RESULTS
GLADDEN. BULLS
Active Months Forty to
Forty-three Higher.
NEW CROP ALSO FIRM
December Once Sold at TweIve-S Sixty,
a Net Advance of Fifty-five Points.
News From Russia and Ar
gentina Sends Wheat
Down.
NEW CROP ALSO FIRM
Down.
OBJ the Associated Prcss.l

New York, March 3.--Duying is of a
discouragang cttar3ater and operations
are likely 20 continue Or a very limited
scale. The outlook for continued high
prices for raw cotton is not influencing
the buyer to any great activity and ii.
fact the higher cotton goes, the more re-
stricted are his orders as be looks for a
movement in the other direction event
TALLY.
NEW YORK COTTON.
New York, March THE cotton mar
ket opened strong at an advance of q
to As points on active covering and bull
support following much better cables than
expected and very light estimates Tor the
days receipts which promised to be only
about one third of last yeats. The
initial advances naturally attracted heavy
realizing as they carried prices to the
highest point since the big break early
last Monday, and following the call there
was considerable irregularity accom-
panied by an interval OF rather lessened
flimness with setbacks OF from 5 to 6
points on the more active months. The
continued buying of the local bull lead
CT. good demand from houses with Liv-
erpool connections, and some fresh de-
Iuand through commission houses raj
he'd the market promptly. however, per
ticrIarly in view of the light estimates
for tomorroY's receipts ut important
Joints. and in the late trading May sold
UP to 1928 with July touching 1919 and
tho active months generally 20 to 43
points net higher. The new crop posi-
tions also ruled generally firm with Dc
cenher at one time selling at 260, net
advance of 55 points. The close, how
he 1T Il,
the top under realizing while the OLD
crop positions We're well up to the list
prices and the list IS a whole was finally
steady at net gain CT % to 4: points
Sales were estimated at 100000 balos..
AS a rule Southern advices indicated n
very unsatisfactory demand for spot cot
ton and the days export did no. reach
expectations though this fact apparently
had little influence on the market which
during the entire session was dominated
almost completely by the operations Of
leading local bull interests. New Orleans
was said to be q mod crate seller partic-
ularly toward the cose. The initial ad-
vance was largely Influenced by the firm
showing OF the Liverpool spot market
where coed sales were reported at an adj
vance Of 6 points. This was pointed to
as evidencipg some anxiety OF British
srinners whose taiings thus far for the
season have been nearly 100000 bales be-
hind last years. as to future supplies
hut official advices from the Southern
spot markets do not yet reflect any in
crease either i'll export o. domestic de-
mand
Receipts at the ports today SITS bales,
against 1886 last week end 81, 524 last
year. For The week $1,000 bales, against
7l.3S9 last week and III .613 last year. 20
days receipts at New Orleans 4,201 bales
against 1896 last year, ard at Houston
102, bales, against 4,07i last year.
Nrw VoR5 Mar. 7--Cotion spot closed
quiet, % loin.s higher, middIng uplands
Ao.Jo, gulf 1871 .-,iee Z,SI0 bales.
Futures opened strong closed steady.