The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-04-22

Great Northern Ore Certificates SIS,
United Railways and Investment pfd IL,
Canadian Pacific l 3-S, and Rock Island,
National Lead, Westinghouse Electric, In
ternational Pump and Western Union /.
Covering operations by bears who sold
stocks short yesterday were feature OF
to lessen the offerings to sell, which the
declining tendency of prices in itself was
bringing out Conditions bearing on val
ues received little consideration. The up
lift placed in Amalgama ted Copper l IL
over yesterdays final price and American
Smelling and International Metropolitan
pfd and Union Pacific l. The dealings
became almost stagnant at the higher
levels. Bonds were irregular.
The market was trifie easier, but
business was so scanty that there was no
appreciate change.
Spot cotton CLOSED quiet 10 points
higher; middling uplands 1925; middling
gulf 1850. Sales, 400 bales.
NEW YORK FUTURES.
New York, April 21.-The cotton market
opened steady at an advance of 1 point,
but generally as points under scattering
were disappointed that the Southern spot
failure announced had not exerted a bull
ish effect Liverpool. There was. how
ever, no important pressure against prices.
Southern bulls gave the market a little
support in the late positions. Covering of
the near months quickly rallied prices to
a net advance of about 1Q4 points. About
1000 bales of cotton arrived here from
Liverpool yesterday:
Reports of frost damage and scarcity
of .seed for replanting continued to come
from the south and had steadying in
fiuefce on the late months, but after the
early demand from shorts had been filled,
the market was barely maintained with
the active months ruling about net I'M
changed at midday.
NEW ORLEANS FUTURES.
New Orleans, April Election futures
opened steady, unchanged to points
down. Gables were about as expected and
+hn CHI tiFl1a
weather in the cotton belt. The uncer-
tainty over the government investigation
OF rhe in he
ket and no effort was made to take ad-
vantage of bullish features. After the
call May and July stood and points
stood o yer as the result of limited
number of buying orders coming into the
feeling appears to be growing on the eff,
fects of the cold wave on young cotton.
At the end of the first half hour of trading
the market was steady, but not active
The morning reports from the cotton
belts carried many complaints of damage
to young cotton, farmers stating that the
low temperatures had, in many instances,
killed the plant outright, while in others
it was turning yellow, willing or getting
claimed that much replanting would be
necessary and that there was little avail
able seed with which to do the replanting.
A few sections claimed that no seed could
be purchased and that the result would be
to force some land out of cotton this
year. All this had only a moderate eff
feet on prices, although bullish sentiment
increased. At noon the more active
months were to II points over yester-
days closing. Only a small business was
being done around the ring.
GRAIN AND PROVISIONS.
Chicago, April 21.-Because recent rains
We're reported as of having been of no
material advantage in some section sof
the southwest, trading in the wheat pit
early to-day was on bulish basis. May
took the longest stride. advancing 1c after
starting unchanged to lac lower. Bullish
cables from Liverpool, where wheat gain
ed 1-2 to "a pence overnight, contributed
to the upturn here.
Corn prices at the outset were a trife
easier. but took on firmness with wheat.
Elevator interests were credited with
being on the buying side. Opening figures
were unchanged to 16c lower for the dis
tant months and a shade to 1-361-4c
down for May at 81 IL to 81 3-S.
Trade in the oats pit was featureless.
At the start May was unchanged to 1-8c
higher, while July and September were a
trifie easier. Provisions continued to dis
play bullishness. Lard and ribs opened
unchanged to &c higher and pork IL Il to
% 1-2c UP. In the first hour pork ad-
vanced, July toching S22, which was 35c
higher than yesterdays final figures The
other products advanced less sharply.
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