COTTON MANES
ANOTHER BULGE
Advance Within a Week of
53 to 58 Points.
CABLES ARE VERY STRONG
The Movements of Leading Stocks are Irregu
lar, the Condition Being Due Largely
to the Increased Strength in
Foreign Fxcharge.
(y the Associated Press.)
New York, Nov. 24.—The market
shows the same quiet conditions today as
prevailed last week. The demand for all
descriptions of cotton goods has been or
an average character at previous prices
in this market and print cloths are quiet
and unchanged. The market is steady
lor cotton hosiery and underwear, with
fair trade in progress.
NEW YOR COTTON.
New York, Nov. 24.—The cotton mark
et opened firm at an advance of 8 to 11
points. The advance was increased to
18 to 19 points for the day on the more
active positions, this being a net rise of
53 to 58 points within a little more than
a week. Today’s improvement was
largely on strong cables, Liverpool re
porting an advance of 7 to 8 points, which
accounted chiefly for the opening im
provement here. Later in the session
the weather reports became a factor
and buying was upon an enormous scale
and from all classes of operators. Eu
rope and the shorts were particularly
heavy buyers. Contributing to the im
provement were strong advices from spot
markets of the country, the South in
general reporting an advance of 1-1 G to
3-16, and .large activity on the part of
exporters and spinners, especially the
former. Today’s reported large areas of
lowlands more or less washed out with
heavy rains still falling. Other parts
of the cotton belt reported killing frosts
with temperature and conditions gen
erally prevailing through the cotton
region adverse to top crop prospects. At
the same time tbe movement of cotton
was of disappointing proportion, and not
in keeping with the larger crop estimated
current a few weeks ago. Still another
factor stimulating demand was a grow
ing fear that following lately adverse
climatic conditions the bureau report
from Washington, due December 3rd, will
indicate a low yield, as the data will
include the unfavorable conditions now
being reported. Total transactions to
day are estimated at not less than 500,-
000 bales with public demand a large
factor, and giving preference to March,
May and July, while spot houses and the
larger shorts bought the nearer positions
very freely. The demand was met chiefly
by parties who had bought cotton last
week.
Nkw York- Nov. 22.—Cotton futures open
€«i firm
Cotton futures closed steady.
Open. Clos.
November 8.31 *-.41
December 8..30 743
January 8.40 8.46
February 8.27 8. '5
March 8..30 8.3 7
April 831 8.38
May 8..0 8 38
Juue 8- 2 8.38
July 8.31 8.38
August 8-25
Spot cotton closed quiet: middling up
lands 8 60: middling Gulf 8.85; sales 100
bales.
LIVERPOOL.
Liverpool, Nov. 22 4p. m.—Cooton - Spot
moderate business; American middling fair
5.14; good middling 4.68: middling 4.5»; low
middling 4.48; good ordinary 4 36; ordi
nary 4-24. The sa es of the day were 8,000
bales, of which 300 were for
and export, and included 6,500 American.
Recipts 23,000 bales, including 9,800 Amer
ican.
Futures opened Arm uiet and closed steady.
American middlieg, g. o. c.:
November ... . 4.53
November and December 4.49
December and January 4.47
January and February 4.46
February and March 4.J5
Mar hand April 445
April and May 4.45
May and June 4.45
Sune and July 4.45
July and August 4.44
NEW ORLEANS COTTON.
New Orleans. Nov. 24. —The market for
spot cotton was decidedly active today.
Quotations %o. higher on all grades.
Futures were active, especially for
January and February positions. The
opening prices were 5 to 10 points higher
than Saturday s closing. After the open
ing prices eased off a few points, but
during the afternoon there ensued a
series of moderately wide fluctuations
wltr ha decided tendency to highe
figures. At the close, the board showed
net gains of 13 to 15 points.
New Orleans, La. Nov. 22. - Cotton futures
closed steady.
November....- BOB bid
December 8.12&8.13
January 8. 2?® 8-23
February B.2*® ".26
March 8-52*8.33
Aptil. 8.34@83-
May 8.33»8.37
June 8.37® 8.39
July . 8J9®8.41
RALEIGH SPOT COTTON MARKET.
Receipts .. 89 bales.
Receipts this day last year 3 * bales
Prices today 7ft®3ft
Prices this day last year 7*
Receipts this season .... 8.867
Recipts last season 4,8^5
OTHER COTTON MARKETS.
rORT. TORS. MID. RECEIPT! 1 .
Galveston firm 83-16 14‘116
Norfolk firm Bft "323
Baltimore uominal 8q
Boston quiet 8..i1l 406
iVUmington firm 7* 1,690
Philadelphia.... firm 8.85 25
.avann&h firm 7 15-16 8 730
7 ew Oriean*.... firm 8 19.681
-"bile... steady 7ft
Memphis fini 8 8 337
Augusta fl rm 8 3-16 954
Charleston firm 7 15-16 385
Cincinnati stead/ | 8 9(,;
Louisville....... firm j 8
o ‘. Louis... ... firm 7 15-10 800
H >uston steady | 8 3-10 8 509
New York .... quiet j 8 00 353
Fecsaeola . ..
Sabin Pass and ....
Port Arthur .... j ....
Vranswick . ..I ....
SEABOARD STOCKS AND BONDS.
Baltimore. Nov. ?2. Seaboard Air Line
common 2*®27K; preferred 47ft bid.
Bonds—4’s. 8 » asked.
GRAIN AND PROVISIONS.
Chicago, Nov. 24. —Trading in the grain
pits was rather inactive today and after
a slight bulge at the opening, prices
The Aetna Lite Insurance Co.
IS MAKING A SPECIALTY OF
“.ffitna 5 Per Cent. Gold Bonds.”
Their values are larger and their rates lower than any others.
The 20-year Endowment 5 per cent. Gold Bonds
of the Aetna Life offer greater advantages than any other Investment, carrying
at the same time absolute protection.
For Information addresa
Chas. 1.. Van Noppen Superintendent of Agents.
J. D. BOUSHALL, Manager,
Raleigh, N. C.
weakened ami the close was easy with
December when! % to %c. lower, and
December corn l%c. lower. December
oats closed %c. higher, while January
provisions were from 2% to 12%c. higher.
Leading futures ranged as iotiows ;
OPEMNO.miaHEST. | LOWEST. CLON'HU.
Wheat. 1 J
Dec 75* 75ft 743£ 74 ft
Mav 70\@7Cft 7C,ft®.77 70 76ft@78*
Corn— | )
Dec 54 (fts4*4 55ft 53ft 53ft
May 42ft@42ft 43ft 42ft 4.ft
Oats—
Dec 31 '3lft 31 .'ll ft® 31 ft
May.. 31st @32 ft 32* 51 ft @32 32ft
Pork— I
fan. .. 15 70 15 75 'ls 05 15 07*
May...... 14 75 14 75 114 07ft 14 70
Lard
tau 9 35 9 50 9.35 9 42ft
May ... 8 72ft 89j 8 72ft 8 77ft
ki bi-
Jan 8 ’2ft 8 17ft 8 12ft 8 12
May 792 ft 792 ft 787 ft 790
Cash quotations were as follows:
Flour was steady: winter patent* $.150®
3.00 straights $3.10® 3.40; clears |s2 70®3.10: > o.
apnug specials 4.20; sunug patents 63.40@3.70:
do straights $2.90@3.20 bakers $2.30@2.75.
Wheat—No. S spriug 74ft@75ft: No. 3,72®73ft:
No. 2 red. 74ft©75 Corn—>« 2 511 ft; .No. 2
veilow 53ft. Oats—No. 31st; No. 2, write
29ft; No. 3 white 31ft®34. No. 2, 493k(i(50.
B iriev- g'«jd feeding 35@38; fair’ to choice mull
ing 44®58; No. 1 flax »eeu 11.15; No i north
western $1.21 Prime timothy seed $3.00. Mess
per 6oi. 10.8717.00. Lard, per 100 lbs..
10.07ft@10.70. Short ribs sides (loos'd $9.00®,
9.25. Or.v- alted snoulders <boxed> 9.3750:
Short clear sides (boxed) s9.sof> 9.75. Whiskey
$1.32. Clover contract grade, $10.50.
NEW YORK.
New York, Nov, ‘22—Flour active and firm
Minnesota patents $3.90®)4.15; do. baKerv
$3.15®,3.35; winter straights $3.00® 3.90: winters
patents $3 UO®3.UO: low grades $2.95@3.15.
Rve flcurqiuet: good $3.1f’®3.40; cuoiceto fancy
s3ls® 3.40
Corn meal sU«dy; vellow western $1.25; cit/,,;
brandy wine $3.45@3 55.
Ryedu'i; r»o 2, western 58ft; Sta'.e 56.
baney steadv; feeding 41. malum 51@51ft
parley malt quiet; western 65®;00.
Wi.eai — l pot easy; No. 2, red, 78ft. Options
March —; May 70ft; October . ; December
80'<f
t ,orn— Spot qui* t: No. 2,05 ft. Option*—Jan
uary 52 VI February . ; May 47ft; July MO 7 .;
clovemi er ; December 89ft
O -ts Spot st ady; No 2 36. Optious—Mav - :
Oc ober ; December 30*.
Beal uuiet: family $15.50® 18.00 mess slo® 10.501
packe* $14.00®,10.00: beef hams $20.50@21.50.
Cut meats q iet; pickled be,lies sll@!2.
picki n tho luers Bft; pickl d hams $12®,12*.
Laid easy; westerm steamed $11.25: No
ve,noer 10.80; refined easy; south America
12.00; to tiie Continent 11.40; compound 7ft@7ft.
Forkdeady; fairily $19.50; snort eie*r $21.1J0
@23.00 mess slß.oo® 18.50.
Taiiow dull; city per package 6ft@o*; coun
try packages freej o*@6ft.
Rosin tjru ;stramed common to good, $1.75@1.77
Turpentine steady; at 53ft@54
Rice firm; domestic, fair to extra 4*@oft;
Tapan 4ft®4 7 a .
Cotree—spot Kio quiet; No. 7 invoieoe s*;
mild quiet; Cordova 7ft@l2.
Sutsr—raw was firm: 'air refining 3 5.10; cen
trifugal, 90-test, 3 13 10 refinec sugar fi-m:
confejtioner’s A 4.oo;mould A 5.00, standard a
4.70; cut loaf 5.3.5; crushed 5.35 powdered 4.85:
grauulated 4.75; cubes 5.00.
Molasses stea ly New Orleans, open kettle
good to choice 31® 41.
Butter firm: extra creamery 28: western
creamery, fresh 22ft imitation creamery 14®18:
factory 10@18; state dairy 20® 20.
Cheese firm: new State, fall cream, fainy
smaU colored. '>l<Ll2ft©l3; new. 12ft; small
white, od. 12ft® 13; new 12ft.
Eggs steady : average best 28®Y8ft: State and
Pennsylvania 22® 24 western, caudle i. 21ft®4J.;
refrigerated 19@21; southwestern. 16® 17.
Potatoes easy: leraey 1.75®2.05;New VnrT and
western 1.75®2.00; Long _ Island 2.00®2-30;
aoutli jersey sweets $1.75®^.75.
Peanuts uuiet; fancy hand-picked f®s*; do
mestic 3ft®sft
Cabbages easy; Norfolk, parrels ; Long
Island, per )0), *i.o @1.75
Freights to Liverpool; cotton by steamer Vic:
grrain Id.
Cotton seed oil dull hit firmlvlold. Prime crude
barrels f. o. b. mills, 28®29; prime summer
yellow 30®37; off summer yellow 35ft;
white 40; onme winter yellow 40@40ft; p.-ime
meal $20.50 nominal.
BALTIMORE PROVISIONS.
Baltimore. Nov. 22. Flour dull; Winter
extra 2.95®3.15; do. clear 3.3f®21.4r); do. straights
J3.45@21.6W; patents $3.80® 4.00; Spring 3 ear 310®
•CIO: Spiiug straigliis 3.55@3.70; Spring jutents
3.7524.00.
Wheat llnrer; «rot aad November 70ft@76ft;
December 70ft@70ft; No. 2 red ; steamer No
l red : Southern wheat bv sample 67ft@70.
Corn quiet; spot lie''' 04: new or ol i, Novem
ber 63; the year 61@6tq; No. 2 mixed -;
Southern wliite corn, new, 57@65.
Oats firmer; No. 2 wnne, new, 30ft@37; No. 2
mixed, new, j2ft@33.
Rve steady; he 2 nearby, 50ft; No. 2 west
ern 57 ft
Butter firm: fancy imitation 21@23: fancy
creamery 27@27: fanov ladle; store packed ...
Eggs firm, fresh 17®28.
Cheese firm: large lift@l3ft; medium 13@13ft;
until! 1 !*@l3ft.
Sugar urm; One and coarse granulated 4.81 ft.
NEW YORK MONEY.
New York, Nov. 22 4p.in - Money on call
firme: at 4 per cent; closing offered at 4 per
cent; time money easy; 60 days 6 per ce*o.
90d yss*)@(, per cent. Prime mercantile
paper sft®6 per cent; sterling exchange
strong witli actual business in bankers bills
at 4.87* for demand and at 4.83 ft for 60
dav*- Posted rates 4-84® 4.64 ft and -’.BB
Commercial bills 4.8.?®,4.83ft; Bar silver 48.
Mexican dollars 37ft; Government bonds
weak; State bonds inactive. Railroad bonds
irregular,
STOCKS AND BONDS.
New York. Nov. 24. —Movements of
loading stocks in today’s market were
irregular for the most part, this con
dition being due in a great measure to
the increased strength of foreign ex
change. Demand sterling was quoted at
1.87 ft, the advance resulting largely from
further selling of stocks here for London,
together with heavy purchases of ex
change by prominent international bank
ing houses. While the high rate puts
this center nearer the gold export point,
it is still the opinion of experts that,
pressure will be brought to bear to pie
veut an outflow of gold, even should
exchange roach the level where transac
tions of that sort could be profitably
made. Nevertheless it is doubted that
exports can be delayed much longer if
London continues a heavy seller of se
curities here, iuasmujeh as the local
market also has to provide for important
payments maturing this month. Time
money was comparatively easy, most
loans for ninety days or longer being
made at 3% per cent. It is known that
considerable outside money not held by
local banks has been loaned at this
figure in the last few days. Receiving
no encouragement from London, where
the market for Americans was dull and
spiiitless, opening prices were generally
lower, though a tendency to improve
ment was soon shown. Early’ trading in
“such-stocks as St. Paul, Reading, Atchl
-4
THE NBWB AND OBSERVER. TUESDAY MORNING. NOV. 25. 1902.'
! son, Manhattan, Metropolitan, Sugar,
| Colorado Fuel and other active issues
| was at a lower level, but some of these
1 stocks, notably St. Paul and Reading.
I soon recovered. Rock Island issues made
early gains of 1 and 2% per cent for
the common and preferred shares, re
spectively, on heavy transactions. Ihe
j strength of these stocks brought a sharp
recovery, but the list soon developed
another reactionary tendency, pressure
being shown against St. Paul, Missouri
Pacific, Southern Pacific, Reading and
! New York Central, all declining a point
or more, with greater losses in Canadian
Pacific and Hocking Valley. Louisville
and Nashville was decid-dly erratic,
starting with a one-point decline, rally
ing 1 Mi. and then declining almost as
much. The strength of the Rock Islands
was meanwhile well sustained. During
the early period there were few move
ments of importance in the Industrials,
Colorado Fuel displaying further heavi
ness on reports of a renewal of the con
test for control, but in the later trans
actions, recovered with a net gain of 3
points on moderate transactions. In the
special class Pressed Steel Car was high
er, while a single sale of New York Air
brake was recorded at a decline of 3%
points. Trading continued > dull and
largely professional until the afternoon
when a new- movement in Manhattan ad
vanced that stock to 158, from which it
declined 3 points, closing with a net gain
of 2 points on very large transactions.
The great bulk of Manhattan buying was
by Gould brokers. The movement in
Manhattan stimulated buying in New
York Central and Pennsylvania, but
Metropolitan and Brooklyn Transit were
little affected either way. The bear fac
tion traded cautiously, but took courage
from the absence of any news regarding
the so-called Manhattan “deal’’ and
made a successful attack on that and
other stocks. New York Central and St.
Paul were forced down, while attempts
to move Amalgamated Copper met with
Boston selling. Short covering in the
final dealings was hardly sufficient vol
ume to prevent an irregular close. Lon
don sold fully 20,000 shares, a total of
about 155,000 in the last four days, and
bought nothing. The lack of London buy
ing was attributed partly to the ap
proaching fortnightly settlement there
Bonds were irregular and rather dull.
Early losses were largely recovered
when the stock market developed strength.
Total sales (par value) $2,000,000.
United States 2’s and the s’s declined
*4 per Cent on the last call.
Total sales of stocks today were 882,-
100 shares, including Atchison, 29,800;
Manhattan L., 155,300; Metropolitan
Street Railway. 9,300; Missouri Pacific,
26,800; New York Central. 47.900; Nor
folk and Western, 6,200; Ontario and
Western, 6,400: Pennsylvania, 68,840;
Reading, 100,400; Reading, second pre
ferred, 4,800; St. Paul, 41,900; Southern
Pacific, 21,500; Southern Railway, 14,500;
Union Pacific. 33,400; Amalgamated Cop
per. 12,900; Brooklyn Rapid Transit,
30,300; Colorado Fuel and Iron. 8,500;
Sugar, 10,700; United States Steel, 12,-
800; United States Steel, preferred, 5,300;
Rock Island, 74,600; Rock Island, pre
ferred, 12,180.
Atchison 83 ft
to pref 98ft
Balt. & 0h10....1°0ft
do pref * 5
Canad’n PacJflr 128 ft
Can. Southerv 81st
Chesa. & Ohio .. 46ft
Chic. & Alton ?3ft
do. pref 70ft
Chi- B. & Q- ...
Chi.. I. & L 74
do pref 86
Chi. & E. 111... 205
Chi. & G. W.... 26
do. A. pref. .. 83
do B. pref.... 40
thi. & N W....222ft
Hock Is’and, ... 46ft
do. pref 83ft
Chi. Ter.&T 17ft
do. pref 3 3ft
C C C &5t.L.... 97
Col. Southern... 30ft
do. Ist pref .. 71
do 2d pre'....
Del- & Hudson.. 163 ft
Del.. L. &W.. 238
Den. & Rio G • .. 40ft
do. pref SO
Erie 34ft
do. Ist pies.... <s*4
do 2d pref 48ft
Gt. Nor. pref.... 184
Hock. Yalley.... V 2
do pref 90ft
Illinois Cen ’46ft
lowa Cen 39ft
do pref 68
L E. & W 54
dc pref.... 115
Louis. & Nash-.. 124 ft
Manhattan L. ..15 ft
Met. St. lty 140
Mex. Cen 23 ft
Nat. RRof Mex. 16ft
Minn. & St. L... 107
Mo. Pacific ICBM
M. & T 26ft
do. pref 57
N. J. Central ...165
N. Y. Central 157 ft
Norf- & West .. 70ft
do. pref ‘.O
No. Pacific
do. pref
Ontario & W.... 20ft
Pennsylvania... 15 8*“
Reading (2ft
do. Ist pref. .. >-6ft
do’ 2d pref 76ft
St. L- & S- F.... 7 2%
do. Ist pref.... 80
do-2nd pref .. 70ft
St. L. S. W 28
do. pr a f 64
St. Paul 177 M
p*ef 191
Ssuth.Pac .... 6o.ft
STOCKS.
So. Railway .. 32ft
do- pref 92ft
Texas & Pacific.. 43ft
Tol. St- L&W.. 29-ft
do. pref 46*
U- Pacific 101
do. pref 91st
Wabash 30ft
do. pref 44ft
Wheel. &L-K .. 25
do-2nd pref... 35
Wls Central... 25
do. pref 50ft
P. C. C & St. L
KXPKKSS CO’S.
Adams Express..2oo
American Ex.... 230
United States. .131
Wells Fareo 210
MISCELLANKI;
Araalg.Copper.. 56ft
Am. C. & F 35
do, pref 90ft
Amer. L- 0 16ft
do- pref ....... 41
Am. Srael. & Kef 42ft
do. pref 92ft
Am. Tobacco
Ana-Min-C 0.... 87
Brooklyn R. T.. 62ft
Col F& 1r0n... ssft
Consol Gas 212*
Cont. Tobacco
do. pref 117 ft
Gen. Electric....l7B
Glucose Sugar.. ••
Hock Coal 20
lnterna'l Paper. 18
do. pref 72
Int. Power 58
LaClede Gas
Nat. Biscuit 45
Nat. Lead 28
Nat. Salt
do. pref
No. Amer 120
Pacific Coast.... 70ft
Pacific Mall 39
People’s Gas... 101st
Pressed 8. Car.. 59ft
do. pref 91
Pull. Pal. Car.. 226
Rep. Steel 19
do. pref 76ft
Sugar 120 ft
T. C- & Iron 58ft
U B. &P. C 12ft
do. pref 77
U. S- Learner.... 12ft
do pref 88*
0. 8 Rubber.... 16ft
do. pref 52 ft
U 8. Steel 36ft
do- pref 13ft
Ya. Ca. Chem Co 6
do- pref’d •• *124
West. Union 89
Standard Oil 680
BONDS.
u.B.Ref. 2’s reg..lOt'ft
S. B.Kof. 2’s cou Itß*
U. B.3’s reg 108
" COUP 108
U. S.'tiew 4’B reg 135 ft
" coup 135 ft
a. S. old 4’s ree.lCGft
" coup lo;ft
(J. S. s’« re* K 3ft
" coup 103 ft
Atch’sn Gen, 4’8.101 ft
" adj 4’s 91st
Balt. & O. 4’5...101
do 3 1-2’s. 94ft
do conv* 4’8.107
Can. So. 2nd5.... 107 ft
C. of G. s’s 107*
** Ist Incomes. 75
C, & O. 4ft’s 104 ft
C. * A. 3 1-2’5... 79ft
C.. B. &Q. 4 .S . 95ft
CM&BtP gen 4’5113
C. & N. con 7’s. .134
0-. K. I. & P. 4’s.loßft
CCC&B Loren 4’s. 101
Chicago Ter 4’s. 87
Colo. So. 4’s 92*
D &. Rt0G.4’3... 100 ft
e. prior lien 4’s. 98
Erie Gen 4’s B*J \
F.W.&.D.C.lstsll4
Hock. Y. 4 1-2 8,109
L.fcN.uni.4’B ..101ft
RALEIGH STOCK MARKET.
(Corrected daily by Grimes & Vnss.)
BONDS.
Bid. Asked.
North Carolina 6’s, 1919 130
North Carolina 4’s, 1919 —
Virginia new 3’s 98 99
Virginia Centuries, 1901 99 99^
Southern Railway s’s, 1994 ..118
S. A. L. 4’s 84 85
Western N. C. R. R. 6’s, 1914.118
Ga., Car. & Northern s’s, 1929.112% —-
Carolina Central Railway 4’s.— 100
Ga., So. & Fla. R. R„ 1945....115
STOCKS.
Va.-Car. Chem., pref 124% 125
Va.-Car. Chem., com G 2% 63
Seaboard Railway, pref 45 46
Seaboard Railway, com 26 27
Southern Railway, pref 91 92
Southern Railway, com 32% 33%
Atlantic Coast Line, com 165
N. C. r„ R. Co 171 175
NAVAL STORES.
Wilmington, N. C. Nov. 22. -Tupentine
firm at 50 *: receipts -*0 casks-
Rosin firm at SI • 25® t. 30; receipts 4>l.
Crude, firm at sl.7.‘® 1,00; receipts 77 bar
rels
Tar firm at $1.50: receiptsl2os.
Savannah, Ga- N0v.22 Turpentine firm
at 50ft; receipts 1.4 i 6; sales 639; exports
116.
Rosin firm; receipts 4,802; sales ;
exports 2,863- ,
Quote A. B. C. Sl.37ft; D. sl-37ft; E.
St 42ft; F. sl.47ft; G,*l.s7ft; H. $1.80; I.
2-05; K. $2.55; M. 83 00; N. $3 50; WO,
$3 75; WW Si.ls.
Chapleston. S- C., Nov. 22.-Spirits tur
pentine firm at 49; receipts sales so;
exports
Kosin firm receipts . .. .; sales 2CO; ex-
P< Quote A. B. C, D. E S» 35; F. *145; G.
$.155; H. 51.75; 1.82 00; K. S’.SO; M. S 3 OJ;
N. 83 50; WGJ-IS; WWS4.IS.
Barbee & Co.’s
Cotton Letter.
(Special to News and Observer.)
New York, Nov. 24.—At 8.34, the price
touched this morning, March cotton has
enjoyed the substantial advance of 50
points in less than ten trading days. In
view of all the circumstances this is a
noteworthy gain and one that inclines
the conservative holder to take profits
regardless of the future in store for the
market. It may be that the cotton world
is all wrong and prices are now on the
way to nine cents before the bureau re
port. It may be the crop is really only
10,000,000 or 10,500,000 bales, and there
are sensational developments ahead of
us. All this may be, but it will be re
membered that less than two weeks ago
we said we believed in buying cotton
on every break, and it was many a weary
day before this cotton showed a profit.
Now we are having the other turn of the
wheel. As buying against the tide was
the safe thing to do below Bc., so selling
for profits on an advance of 50 points is
the right thing to do now. There is no
saving, the market will go higher.
Prices are running in big waves now,
and there is no telling what can take
place. But a trader in the market for
money to be obtained from conserva
tive speculation will take profit on such
bulges as these, for we are likely to
have a change at any time. From ru
mors in the market, the spot interests
are working for this advance, and we
are likely to see a narrower difference
between January and Mnrch. We are
prepared to see general delivery on Jan
uary when the time comes, and some dif
ficulty in shorts getting in their March
without showing up the price from a dis
count under to a premium over January.
Weather is bad, frosts are more likely
to appear and Liverpool is in a demoral
ized condition. Sell long cotton on very
advance.
BARBEE & CO.
Tarrant & King’s
Cotton Letter.
(Special to the News and Observer.)
New York, Nov. 24. —As indicated in
our recent advices the cotton market has
been under the influence of heavy bear
pressure and has become largely over
sold, the extreme decline representing
fictitious prices due to unnatural in
fluences. There is an investment demand
sufficient to carry the market very much
higher, to say nothing of the enormous
absorption of spot cotton for consump
tion.
* In view of the recent decline it would
appear sensational to predict 10 cents
for cotton, but we feel confident that
the murket will reach that level this
winter.
TARRANT & KING,
6S Broad Street.
ForCrouo use CHENEY’S
EXPECTORANT.
COTTON YARNS.
Buckingham, Paulson & Go.
Commission Merchants.
NEW YORK. PHILADELPHIA. CHICAGO
• Solicit correspondence. We are prepared to
1o we orders for prompt or future delivery for
A ambers of yarn to full advanced price.
Mex. Cen. 4’5.,.. 80
do Ist Inc ... 26ft
Minn. & St. L 4’slo3ft
M. K. &T. 45.• • ICO*
** 2nd* 81*
N. Y. C. lsts 102 ft
do gen 3 1-2’. 105
N J. C. sen. 5’5..136ft
No. Pac. 4’s 103
M 3’s 73
N, &■ W con. 4’s,looft
Reading een. 4’s 96ft
St L & 1 Mtons’s 113 ft
St L &S Fgen4’?loo
St L. S’wes l’s.. 96ft
do 2’s Fsft
S. 4* 86ft
So. Pac. 4’s ....’. 93%
So. Railway s’s..ll«ft
T. & P. lsts 120 ft
T.,St-LAW. 4’s.. 80
Union Pac. 4’s..lt4ft
do. conv. 4’s-106*
Wabash lsts 116
" 2nd* 108 ft
"do. Deb. 8.... 78
West Snore 4 5..113ft
W A L, E. 4’s •• 92
»»ls. Cen. 4’5.... 9lft
Mobile &O. 4’s. 96
C. of Ga.cons’s.. 36ft
" Ist Incomes. 81
" 2d tnesmes 36ft
Con. Tob.. 4’5... 6 %
I KIDNEY AND BLADDER DISEASE. 1
■^■ re always serious and demand the skill of an §
expert. Pains in the back or loins, irregularities Hj
S urine, such as scantiness, smarting, burn- |j
| * up * incontinence, etc., are danger signals which |
should be promptly heeded. My treatment of I
hese diseases has been uniformly successful, and Q
1 l have cured some of the worst cases on record. B
Each case gets careful, Individual treatment.
1 MAKE NO MISTAKE by being misled by adver- I
Used quick cures, free prescriptions, free samples |
ant * °^ e n forms of cheap advertising by special- jjj
Jyfea lsts who claim that they are the only ones who |
Lfflqrfiylsaßgßfcfc. ’•eat patients personally. You can consult Dr. !
DR. HATHAWAY. Hathaway PERSONALLY and you have the addi- 3
Recognized as the Leading tional benefit of his trained staff of skilled spe- jy
and most Successful Spe- oialists in each department, which no other office ■
dalist. jn the South has. A responsible guarantee of |i
cure which means something, and backed by leading banks, ik given when j|
(required. I
J. NEWTON HATHAWAY, M. D.,
35 Inman Bldg., 22% S. Broad St., Atlanta, Ga. g
Fortunes Are Being Made Daily.
Now ig your chance. Don’t let it pass. We will sell you mining and
smelter stocks and guarantee against loss. Now don’t say we can t do it for
we can and will pFove it if you will drop us a card and let us moil you one of
our “Plain Talks and Brief Facts.”
Our guarantee against loss is based on the plan of general averages, the
same as Insurance Company Policies!.
Write to us now; don't put it off. Respectfully,
DOUGLAS, LACEY & CO,,
Branch: Room 213 Citizen's Bank Building, Norfolk, Virginia.
CAROLINA TRUST COMPANY,
RALEIGH, N. C,
Capital, SIOO,OOO. Out of Business
GENERAL BANKING—Money received bn deposit, subject to check.
SAVINGS BANKlNG—lnterest paid on deposits.
TRUSTS—Acts as Executor, Administrator, Guardian, Assignee, Receiver, Broker, Agent,
Trustee. Assumes the management of’entire Estates; also property for the use and benetit ot
others. . , . _
FINANCIAL AGENT for floating Stocks and Bonds of Corporations.
Especial and separate arrangements and conveniences for gentlemen and lady customers.
OFFICERS.—W. YV. Mills, President; Leo. D. Ileartt, Vice-President and General Manager;
Robert, C. Strong, Trust Officer and General Counsel: William Hayes, Cashier.
DIRECTORS.—James \Vehb, .J D.Riggan, Charles B. Hart, Alexander Webb, Julius Lewis,
Leo. 1). ileartt:, F. T. -Ward, W. W. Mills, Allen J. Ruffin, W. C. Petty, I*. R. Albright and
Robert C Strong.
Offices in Carolina Trust Building, Raleigh, N. C.
Correspondence Solicited.
Barbee & Company,
RALEIGH. DURHAM.
Members New York Cotton Excnange.
Stocks, Cotton, Grain and Provisions.
Private wires to New York and Chicago. Instantaneous quotations. All
transactions made direct with Exchange. Market information cheerfully given
by ’Phone, wire or mail. Inter-state and Bell ’Phones Ne. 81.
GREATER ADVANTAGES THAN EVER
Offered to Agents and Insurers by the
|% MUTUAL
ippwi Penn life insurance
4 * ****** CO. OFPHILA,,
It having adopted a 3 per cent Reserve
basis, thereby guaranteeing the largest
Cash Surrender, Loan, Paid
Up and Extension Values. Tlrs and the PENN’S
more'liberal policies and dividends, furnish absolu 4-0 se
curity at the lowest possible cost, Send tor liter
ature. Desirable contracts to desirable Agents.
R. B, RANEY, Gen. Agt. tor N. G\ Raleigh, N C.
PUBLIC OPINION^
§ YDNOR ft HUNDLEY, for value* true, are un*urpa*sed the city throug H
lelding to none, for style* new, the choicest Furniture, alt* for yo XJ
J 3 ur*hle and elegant, ornate or plain, auch Suites elsewhere we »eek In val
Ks oted for UPHOLSTERY, here we find a grand selection of every kin D
0 ornamental DRAPERIES, it la known well, In perfect taste, they do exce Jj
JUb ight at 711 *. Broad St., of MIRRORS ft PICTURES, the stock’* complet E
for Beauty and Quality we can rely on all SYDNOR A HUNDLEY de suppl "Y
This Great Store is 709-7n-7i3 E. Broad St., Richmond, Va.
£tocks, Cotton, Grain
and Provisions.
Small accounts receive the
same careful attention as
ones. All inquiries
promptly and cheerfully
answered.
TARRANT & KING.
$8 Broad Street, Morris Building,
NEW YORK.
Much MAC Rae SL Co.
BANKERS.
Miscellaneous Southern Securities,
Cotton Mill Stocks
A SPECIALTY.
WILMINGTON. N. O.
Jacob Berry & Co.
viwmowwh I Consolidated Btock Exchange
MEMBERS { N y Produce Exchange.
Stocks, Bonds, Grain Cotton.
E3tablished 1865,
44 Brsadway, New Ysrk.
*O9 Main Bt.. Durham, N. C.
Phlla. Office, Drexel Building,
Telephone No. 7. Send for market etteri
and pamphlet. Prompt servic* on all busl
ness.
. “Leßoy Davidson
Promoter and Dealer in
Investments.
Securities,
Offices: Hoorn 118, 60 Broadway New
ork, and Charlotte, N. C.
• 9
Money advanced on valu
- able plants and well locat
• ed business properties.”
ESTABLISHED IN 1872.
HENRY BEER, BERTRAND BEER,
EDGAR H. BRIGHT.
H. & B. BEER,
, Cotton Merchants.
NEW ORLEANS.
MEMBERS OF: New Orleans Cotton
xcbange, New York Cotton Exchange,
and Associate Members Liverpool Cetton
* Association.
•? Special attention given to the execution
1 of contracts for future delivery In cotton.
7