The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-02-10

suit OF the further decline or the raw
cotton market, but sellers show no dis
position to weaken. The possibilities Of
demand resulting from Baltimore are re
CARED as large, much depending on the
ability to resume of many oil the Burned
houses.
NEW YORK COTTON.
New York, Feb. 9-The cotton mar
ket opened firm at an advance OF 10 to
81 points on moderate bull support and
covering, following firmer cables than en-
pected and apprehension that the Census
Bureau report would not prove d: bull
islr as predicted. After the opening there
was a slight reaction, but the bull leader
supported the market on all weak spots
and by the middle of the forenoon, the
active months were 43 to 81 points
net higher, March selling at 1890; May
at 14.35 and July at 1888 Toward noon,
however, reports were circulated that tn,
Census Bureau report would prove d's.
appointing from the bull standpoint, and
at noon prices had reacted to within
to IL points on last nights close. Then
the Census report was read. 1t showed
that 9S59277 bales had been Sinned to
January 16, or counting round bales as
half bales, 9,465, 537 bales. The bulls had
been predicting that this report would
show below 100000 bales instantly
prices broke and inside of a few min
utes had lost nearly a cent pound
counting from the best of the morning
and net 25 to As points with March sell
ing at 1920, May 13.40 and July at 13.4b
At this level the local bull leader started
buying, the shorts turned to take profits
Nv fn WI hi n nr
10 points of last nights finals, while
July which had gone down 10 points
ntwo sales at New Orleans, recovered
80 points. Later, however, selling orders
came in from out-of-town as the report
spread through the country and The mar
ket weakened again, becoming sensation
ally weak and active in the late trading
when sentiment was inflame1 by reports
that a financial institution in Bremen
was in difficulties, involving t was III
lnored important American interests
March under the influence of this scare
sold down to 1857; May to 1900, and
July to 1906 The close while steady az
TO tone was at practically the lowest
with the net decline a matter of % to %
points Sales were estimated az 100000
bales The decline here from the high
point of the morning was between i25
and 133 points on the three active posi-
tions. Receipts were light contributing
to the early frmness but exports were
light also and the report of the Census
Bureau seemed to be considered a very
bearish factor even at the decline winch
has taken place during the last week,
that now amounts to practically 4 1-2
cents a pound, the high point Of last
week, today's decline having carried prices
about points lower than the previous
low point of the downward movement.
Receipts of cotton at the ports today
26,7e3 bales, against $500 last week and
40,240 last year. Fer the week 135.eH0
bales, against 161, i'll last week and 1877
ISL last year. Today's receipts at New
Orleans were 1861 bales, against 1f.STS
last year and at Houston 4,94s, against
1859 last year.
NEW YORK, Feb. 9-Cotton spot closed
quiet, go points lower. mlddling uplanGs,
l42j gulf ii So sales I0j bales.
Anlnr Itttn