The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-04-05
UNION PACIFIC. IN
DEMAND AGAIN
But the General List is
Sluggish and Heavy.
BOND MARKET ACTIVE.
Decrease Of Visible Supply Of Cottor
Was 5000 Bales Greater Than
for Same Week Last Year.
Market Opened at a
Decline.
(By the Associated Press.)

New York, April 4-Buying in dry
goods has been on a very limited scale
and in spite of concessions buyers are
not interested, except for immediate re-
quireinents, which arc very small in the
aggregate.
NEW YORK COTTON
New York. April 1.-The cotton market
opened irregular at decline of points
TO an advance of points, the declines be-
ing due to liquidation as Il result OF
rather better crop weather advices while
the gains were on the publish showing OF
the weekly insight figures. At first
there was considerable selling for room
account but before the call was fairly
completed the whole market had steadied
up on the prospects for continued light
buying by houses with Liverpool connec-
tions and support by New Orleans bulls.
There were no Liverpool cables. owing
to the continued holiday in that market
AID this fact had a tendency to restrict
business locally. Commission houses and
some orders on both sides early, nut later
were inactive and left the market almost
entirely to the local professional contin-
gent aside from the foreign and New Or
leans buying noted. After selling about
10 points net higher on the active months.
Iroft-taking by the scalping crowd eased
tie market off slightly but it again rallied
and while smore or less Irregular rulec
generally steady to firm during the after
noon on expectations that the small in
sight figures for the last week would have
a tuillsh effect on Liverpool which will
reopen for business tomorrow. On the
other hand the demand from spinners ac
cording to all accounts is at standstill
leading to apprehensions that consumption
has already been cut down to harmonic
with production and there seems to be a
more or less general feeling that an adj
rance of moment must be led by a better
demand Tor spot cotton. 1t was also
pointed out that the decrease in he visi-
bic supply of American cotton for the
week according to the Chronicle was only
5.C0u bales greater than the decrease fer
the same week last year. while the de-
cease of nearly 10000 bales, in the into
sight for the week as compared with last
yeoI shown by the figures of the New
York Cotton Exchange, would indicate
that the absorption from visible supplies
for the week had been about $1,000 bales,
less than for the same week last year. At
the same time bulls contend that mills
must sooner or later enter the spot market,
that they are running SO small as not to
exert pressure on the market. There was
n disposition to buy on all soft spots that
closed the market steady, with prices at
about the best level of the session or net
unchanged to 10 poins higher; the chief
gains being on the old crop months. Sales
were estimated at 250,00O bales. Receipts.
for the day were light and estimates fer
tomorrow moderate, while estimates for
this weeks into-sight range around 80.
Coo bales compared with about $4,000
bales last year. Exports continued small
Receipts at the ports today 9.35f bales.
against Hal last week and 1855 last
year. For the week $4,000 bales. against
81 :I2 last week and 72.44S last year. To-
days receipts at New Orleans were 1850
bales, against $685. last year and at Hous
ton 1.6SS bales, against 2,370 last year
New York, April Cotton spot closed
dull. so points higher; middling uplands, l3.I5
gu'f $50, sales 1900 bales.
Futures opened irres and closed steady.