The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-03-15
BULLS WATCHED
THEM TUMBLE
Afterwards They Come to
Aid of Cotton.
NET DECLINE OF FORTY
From this Figure Prices Recover Until
the Net Loss Stood at Seven to
Twenty-six. Stocks Fell.
Northern Securities
Gaze Decision.
NET DECLINE OF FORTY
(By The Associated Press,

new 1OfK, March 14.-TIe market Tor
dry goods has been without feature for
trade in both jobhing and commission cir
clcs, materially restricted by weather con-
ditions. The outlook for continued con-
S rvativatism is generally recognized.
NEW YORK COTTON.
New York, March 1.-THE cotton mar
kct opened steady TO firm with the old
crop unchanged to points lower while
The new crop positions were l 10 IL points
higher on continued reports of dry wealth
CT end early appearance OF bnl weevil.
The opening losses on the near months
were less than due on the cables, for
while it appeared that the room element
were inclined 10 take bealish view
OF the situation as result OF the dis
appointing spot sales in Liverpool AMI
expectations that the movement wouli
show an expanding tendency, there was II
fair demand at the opening from scat
t=Ing sources, attracted presumably by
the strong showing of Saturdays mar
kets and at first also the local bull lead
or and New Orleans were buyers. After
recovering the early loss and selling 1p
To 4 shade over Saturdays finals, how
ever, the market turned easier.
The Houston estimate while light as
compared with last year was still rather
above recent average; suggesting the ac-
curacy Of predictions of freer move
nent in the immediate future and Liver
pool showed continued weakness with ad-
vices from Manchester less favorable as
10 demand for cloths. Shortly after The
opening here there was selling by lead
ing spot people and prices began to work
lower. AS they declined the room be.
nam NM no i1.alxy hon b,1+t
rort was partially withdrawn and the
market broke about SO to SO points on
he active positions. AT this level the
focal bull leader began buying the sum
mer months and there was some cover
ing Tor early sellers taking profits. This
led TO q rally of about II points but in
the early Afternoon the list again weak
ened and broke through The previous low
point with May selling around l6.21 and
july 1922. a net decline OF 40 points
Following this fluctuations Were compar
atiyely narrow and Irregular. In 4 gel-
eral way, however, the market worked
upward ON renewal of bull support and
1T the close which was steady the net
loss had been cut down 10 matter OF I
to 2G points with May around 1886 ard
July 1857. Receipts for the day were
light and the estimates for leading points
tomorrow were moderate as compared
with last year, though showing little
less bullishly than the recent average.
Tho into sight for the week is being esti-
mated at 115.O00 bales, against 1o3,0l7 last
week and 144,360 bales last year, the
actuals being those of the New York
Cotton Exchange.
Some reports from the South indicated
a rather improved demand fer spot cot
ton but there seems an idea locally that
spot people are buying cotton in the South
and ceiling May and July in the futures
market leading 20 apprehensions OF de-
Iiycries in the absence of any improve
rlent in demand for mills.
New York, Mr. ch 14-Cotton spot closed
quier 20 points lower; middling uplands, 1885
gulf 1880, sales 2704 bales.