Newspapers / The News & Observer … / Jan. 8, 1903, edition 1 / Page 7
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EARLY ADVANCE OR ENORMOUS DEMAND Profit Taking Starts a Rap : c Decline. COTTON IN STRONG HANDb They are lnflmrc°d to Buy by ha Ex'r. ord nary Strerg hos >h9 Statistical Posi tion —The Stcck Market Has a Rrac ion (By the Associated Press.) New York. Jan. home demand continues moderate, advances of to U cents reported in bleached cottons, suc'n as bondsdales. Buying for export mod erate at full prices. Print cloths very firm. Letters reserved. Woolen goods divisions quiet for both men’s wear and dress goods. NEW YORK COTTON. New York, Jan. 7.—The cotton market opened firm at an advance of 4 to t points, and increased the advance to 7 and 13 points on enormous demand, fol lowing a rise of 8 points on futures r no 6 points on spot cotton with sales of 15,000 bales of the latter at Liverpool The upward movement was accelerated by failure on the part of receipts to in crease as predicted with reports from t,:c spot markets of the country, indicating continued indifference to sell, the New Orleans speculative market still ruling nt a premium over the Now Aork basis. Later the English market weakened to barely steady, closing at a net rise of 3 to 5U points on futures. This started selling at New York under which prices retired to about the closing basis of yes terday. Again the market turned strong on enormous outside buying and pri es returned to about the best figures of'the forenoon. The South and Europe were <onspiciious buyers. New Orleans parties bought freely in this market. May, which yesterday held a weak relation to the general future list showed leading strength today. Tn the afternoon prr fit taking started a decline and largo sell ing orders came cn from Wall Street, largely for the account of the former bull leader, who is now alleged to be operat ing for a lower level of prices on the theory that receipts may be expected soon to increase with trade conditions not ever premising and the speculative long interest too large and too mu h scattered for any further rise on a wholesome basis. On today’s decline the cotton sold fell largely into the hands of strong parties, influenced to buy cd trn by tho extraordinary strength of lb" statistical position. The market was finally barely steady at a net advance of t point on January, and a decline of 4 to 4* points on the later months. Sales of futures estimated at 350,000 bales. N'w York. .Jan- 7.—Cotton futures open- ■ ert firm. vottou futures closed easy-- Open. Cln*. January.. * AM R 5 February 8.62 8 57 March 8.71 c. it April 8.70 8.0 May 8 7 8.03 June 8.71 86 < July B.f R August 8.60 8.51 eeptember B.l** Gctobe; 8.21 .... Spot cotton closed quiet; middling up lands 8. 1 0; middling Gulf 9-15: sale-* l.Oil ba’es. NEW ORLEANS COTTON. New Orleans, La., Jan. 7.—A feeling efi uncertainty pervaded the market for contract cotton today. The improve ment of 5 and 6 points in Liverpool fail ed to enthuse the talent on this side, though there was an initial advance of 2 points. This was followed by additional gains of 3 and 4 points in sympathy with New York, which was influenced by heavy Wall Street buying. Secretary Hester's analysis of the cotton movement seemed to eert a depressing effect upon the long element and lend additional force to the argument in favor of a crop in excess of 11,000,000 bales. As a result a period of activity among the bears do- I veloped and prices were hammered vig orously, losing 7 to 0 points. Thereafter there were rapid fluctuation the market at the close showing net losses of 7 to S points. Not '—January Sth is a legal hoi Kiev in Louisiana. No markets tomorrow. NewOrleansLa. Jan. 7-Cotton futures closed steady. ’anuary a 4 < 0,5.47 February 8.530-.55 March e.fO'-s.M April 8. 65.77 8. 67 May 8.725}.7.7i June 8-78<®8.',9 July 8.8 August .. - 8.4908. ‘ i September LO 1*8.05 Ll\ E3POOL. Liverpool, Tan. 7.4 p. m.-Cooton Spot wr»« in fur demand: American mid dling inir r. 34; g«.«d middling 4.90: mid dling 4.7 : low middli”? 4.60; good ordinary • 4-; ordinary 4. <6. The sales of th» d y | were 1 ’,OOO bales, of which sno were for s and expo*-t. and included 9 ""00 American. Recipts 35,000 bales, including 3 ,100 American. Futures opened firm ami close! barely k eady. American middlieg. g. o- c.; January . .. . 4.66 January and February 4-6 February aud March 4.06 Mar»h and April. 4.66 Anril and May 4., 6 May and June 4.6704.68) June and July ~ 4.670 .>8 July ami August 4.6’ 0‘.63 August an,l Sent ember 4.61 September and October. 4.4 October and November 4. 7 RALEIGH SPUT COTTON MARKET. Receipts 40 bale*. Receipts this day last year 34 bales trees today I rices this day la«t year 7% Receipts this season l!.B*i Recipts last season 7,445 OTHER nOT’lu.V MAKKET>. r ° BT - JM TOK*. I HIO, becxipti. * V?. 10 " ; firm 10.635 i steady h? s 5,598 Haiti more j uominxl i *?! to P I quiet 9.00 7bmlneton.... thm a# 1157 biUdeiphia... ! qui«>t !« r, arannah \ steady 18.4. i U.t.iil quoM, # B 1,1 15 915 J t * r,a i 6 7-l<> 6.9 »•?««• i steadv | V.OU . harleatoa I quiet sy. ..r ; s Incinnati tirm *■* 1,15.1 IxiaUvllle. „ . f t. rni i _ >t Louts Steady fIH 550 H.ustoo .... stesdy 3 11-1, H 917 >-w\ort .... j quiet | 8.90 1.1-ai Persaeo!* I » h , Ssh'n P*»» and; ! ' * Fort Artbuc ~..1 ...” Htnmwick. ..J “" !’.!!!!!! The Aetna Lite Insurance Go. IS MAKING A SPECIALTY OF “.ffitna 5 Per Cent. Gold Bonds.” fheir values are larger and their rates lower than any others The 20-year Endowment 5 per cent. Gold Bonds f the Aetna Life offer greater advantages than any other investment, carrying t the name time absolute protection. For Information addres* Chas. L. Van Noppen Superintendent of Agents. J. D. BOTJSHALL, Manager, Raleigh, N. C. GRAIN AND PROVISIONS. 3 Chicago, Jan. 7.—There was only a moderate volume of business on the board t of trade today, but prices were well main - tained, May wheat closing %c. higher. y May corn was a fraction better, white p oats were up %c. May provisions closed I from 216 to oc. and 10c. up. 1 Leading future* raugeo tta lonowi: |CI S INfl. HISBSST. I LOWEST. | CLOS'NfI Wheat. ! 1— I J n... . 171 < 71 <6 7 * 7\\ • •• '•5 3 «S7'»H H ,75* .75* @7s* Corn- I I r n .. \! .y • 43 * <BI3X 41* 44*043 < 43* 0»U- | ) l I an.... J’2* I . I Mi).. . 3i* 31* 3’! 7 a 3i* Pr.i k- ' | * n 17 4 17 45 17 4". 17 4’. May.. l'i 07 i ll> 0 10 t>3 t 10 1214 u»rd , | an... i> 30 I <l 91 0 82 4 9 8:3*4 May . j 047 4 ! '•» V* 945 9 174 abs , -n ... IBf 2 , |8 50 1 B.VI* 877 4 Ma ...... onot(it’onf> •*’i r* a* •minw* Flour qui't, easy: winter patents #3.400. 3.'b straights #3.1(1(0 3.30; clears | #2.70.'0'.'’. 10; 'o spring special* 1.20; >.ai iia #3.40044.70; . straj«!iiis $?.9t@3.20 b 2.'25@‘2.75. Whea l —Ne. 2 aprtuK 7S@7); No. 3, (38074; No. *2 ""d. 71%. Horn—Nt> 2 40 ; No 2 , ,ow 46&. Oats—Vo. ?, L7)6; No. L, white —; No. 3 white 32*73334. Rye—No. 2, 48; Kar i , tfood *ej» ing 580:43; f *ir to choice mailing . Kwfc.'fl: >’c. 1 Alx see i »i. 14; Vo northwestern #1.21. Prime timothv seen #3.85. Mess pork ' per bbl. 17.70. L»rd. i-ei- «... lbs. S*.B2ys. : short ribs s des (1 one) #8.550,8.72V, in-v-sated . .11 liters (b *-o. $*000,9.12; short cioariiies I (boxel) s*.o«Y7>‘.». 12 \Y iskey #1.31. Clover * v utract grade. #ll 20 NKW YORK Nkw Youk. Jan o—Flour dal n o t s eviy; vlinnesora patems #4.000)4.2•: do. oaicers #3.1503.3.*; wimer »tr*igiji>. #3. 1003,55; winters patent #3.( 0@3.14): low grades #2.9503.15. Rve Hour qu.< t; *ood $3.1003.40; oi.w.ee to fancy #3 .5003.00. Corn meal easy: yellow west-erfi #1.18; City,, l brandywine #3.4503 55. 5 Rye dull; q. 2 »»iern 59*; State 56. Harley stiady; feeding 42 matin* 51031* Hurley malt cud i wester 650(i«. l viea'—spo' steady; No. 2, «*<'. 79)j. Optio s L March . ; May 7;**: July 57Ai; Ociober i ;ori sjKit easy: 'o 58 ■ n>uo .lan ‘ju ry 57; F, hr ary 53*; March 53 ; May 48^; ! Ju y 4'<>». Ot« Sot fl-m; No 2 .0. Options— M«v 39? ti; Oc ober —. Hein ims : *a<uii, #15.000.17.00 n ess #11.00; : . packe* #14.00016 00; « ee< *. a ... #20.500,22.00. «ut m ats a»y: ic led lie lies BH@lO j P'c.kl d .h'j.Weis B'4oßyj; pickled hams #ll @U!4. Lsrd e s-; westerm ste'med #10.30 refined easy; South Atmrica 11.50; the Coutiuent I io.Uu; co upoitnu 7*o7^'. jirr gt’la ; fanily »18.00018125; snort e'ear t 9 500 2.00 iiiroo #18.2.1018.75 i auuw steady: city per package s}*; country packages t ee> 00.6 '4. Rosiu firm; s rained common togiod. #1.850 I.'.NJ. turpentine steady; at 55M0j',50 Kice quie ; douiestic. fan to extra 4^067a; lapa 4i.oi^. Molasse. New Orleans, open kettle «r >< d u. cnoioo 32040. Oofiee —soot Kiu sleaoy; No. 7 invoiece sy*: mild s'e dr; Cordov,. 7*012. r raw was i.u et; .air rednine 3 7-10; centrifugal, !Ki test. 8 J 5-10; refinen sugar slead ; /■iiifeetlouer’* a 4.50. mo. d A 1.90; itanuard A 4.80; cut loaf 5.25; cr wo.-d 5.45; jowderen 4 75: t.i tier steady; c\t a creamery 29 wesiern creamer' i2)4 tm tation '-reaiuerv 140.1 s; I factory 16018: sine dairy 2002614. Cheese nrm; new sia e. ui) cream, fancy \ small color d. old. 14: n w. 12)4; small white, old, 13H01354: new 12*. Kggs nrm; average l>cst 28: Stft'e Pennsylvau... 28; v.«s - .e:u. caud.ei. 21)4@3.; ] rtrigerat d 19021. sou tn western. 16017. Potatoes st-adv jersey 1.750-2.00; state and western 1.5002.15; Loug U.auo 2.0002.2-v, ■south jersey sweats #2. 00 575. Peanuts steady; fancy u.nu-p eked 4141*4)4: do. mestic 3g Cabbae-a quiet: domestic, per 100. white, #2 0003.00; red, #2.5604.00: No f»IK 75@#1.00. tre. jut* to 1., vor pool, ..otioa oj otv.au.ee 12c; ; erraiu Id. Cotton ’"ed oil steady and oniet. Prime crude 1 naTels f. o b. mills, 32034- unm« summer V* low otl ou.um - yellow 38K ; prime ■ white 41; pr -* winter yel u« 43044; p*ime meal #27.00*28 0 J nomiu tl. BALTIMORK PROVISIONS. hAttisnsr. Jan 6. e-'a.ir s eal;; " inter extr ■ 2.8503.05; do. c.ear t 3 *@3.40; do. straights #3 4503.60; piients 3.7507).96; >pri<>ir c ear 3.* 5® 3.45; .Smiog straight t3.7()A3-. s> s; bp ing «atents 3.9904.20. Wiuat frier; spot. 79079)4: J 'nuny 9'.0. 79t4; February ; May ... : No. 2 red —; steimer No i red —; tcutheru wltrt bv aaiu *• 0079 Cc. n staonr; spot old 42*0,5254' the year .... ; No, 2 mixed ; Jac U ary 51051)4; F« - rjary 49*019*; May 48*; Southern white c» n 48052* 1 Oats tirm; No. 2 white, new, 44; No 2 mixed, new, 38 t\v. du 1 \c. 2 nearby, 55; No. 2 west ern 56*056* uutt r firm- fancy imitation 22023; fancy e'eamafv LO031; r ancr ladle 20025; fancy rml 19 32f; g rn| r 3 l 17018; «toro paclced 10018. Kk-s Lrin fresti ‘.6027. rte«sp h *.r tig; large 13 4011; medium 13013* ; snail li%J(v4- bugar steady; One and coarse granulated 4.91*. naval stores. Wilminoton, N. r. Jin. 7,-Tupontine enn at 84*. receipts 4t casks-. Uusin firm at *t );0».4O; receipts 609. ( rude, firm at $1.7 -0l.ou; receipts 28 bar rels. T’-«r firm at 51.60; ie-:eints ‘OS - Ur. Jan. 7 Turpentine firm ! at 54*; receipts 52; sales 88; exports Rosin firm; receipts 4,217; sales .. ; j exports 1 ,ii 8 Quote A. B. C, 51.50; D. Si.so; £. ' S >5; F. 51.60; G. 51.70; H. SJ.OO: I 2 ’* o; M. «.*; N, $3 55; WO, S >.8o: VN \V S .20. Charleston. S C., Jan. 7 -Spirits tur pentine firm at 53; receipts . ; sales ;| exports . . Rosiu firm receipts .. .; sales .. ex ports , _ „ (Juote A. B, c I), h. Si.4o; U, #1.35; G- I S.ISS: H. 5135; I. $2.00: K. s2.‘o, M.SJ-OO; N. $3 50; WG J-75; WW $4 15. SEABOARD STOCKS AND BONDS. Bu.timore, Jan 7 - Seaboard Air Line common 27a; preferred 4*/*. Boud - *’s. 83?) • STOCKS AND BONDS. New York. Jan. 7.—The stock market today had a reaction which had been looked for for many days by the profes sional element. The ground of the ex pectation was that since the middle of December fully half of the previous vio- , lent decline, uhleh had extended irregu larly over six weeks had been recovered. There was no material change in con ditions affecting values since yesterday, when the market was buoyant and made up to the very close, but the heavy buy- j ing M-hich has been going on meant a I THE NiIWS AND OBSERVER, THI’BSDAK MORNING. JAN. 8 1903 large increase in the number of holders waiting to take profits. The offerings of this class overcame the market today and carried prices to a lower level. The disturbance to foreign sentiment by the Dardanelles protest by Great Britain was reflected in international stocks at the opening. The selling for London ac count was heavy. This first pressure upon the market was strongly exerted and pretty general recoveries wore ef fected within a few minutes, but realis ing sales continued large at the rally, and the market gave way again. Some subsequent efforts were made to revive the market by bidding up individual stocks, but the selling was renewed on all advances and the closing was \«oak at about, the lowest. A late break in St. rau' to below 181 was an effective in fluence upon sentiment. In the early dealings support was conspicuous in some of the Gould stocks, including Manhat tan and in Rock Island. The reatcruent of the yearly- net earnings of United States Steel induced some large buying of the company’s stocks, but they suffered equally with others in the realizing movement. The official declaration that rumors of a coming dividend on Ten nessee Coal were unwarranted at pres ent. had an unfavorable effect on the Iron group. American Car, however, got up a point on the strength of its divi dend increase and favorable showing rs earnings. The advance in sugar was ac companied by rumors of a proposed divi dend increase in this stock, was sup ported to help sustain the rest of the market. The proposition for practically doubling the slock of the Pennsylvania Railroad sur; used that security. There were wide movements in some of the less active stocks including gains of 3% each in Hocking Valley and Chicago Great Western, preferred, and 15 in Wells Fargo. The selling was attributed in seme quarters to a shifting of loans, but the call loan rate did not get ns high as 6 per cent at any time and increasing liberality was shown by lenders in the ' matter of collateral. The money con- ( tinued f-cm the Sub-Treasury, which made another payment of $250,000 today! by transfei from San Francisco. The re action in the copper market hurt amal gamated copper. The bond market be came irregular in sympathy with stocks. Total sales (par value) $3,685,000. < United States bonds were all unchanged on ti e last call. j Solus of stocks were 996,300 shares, in cluding Atchison 45,500; Baltimore and Ohio 25,400; Canadian Pacific 14.300; Chesapeake and Ohio 7,100; Chicago Great Western 23.400; Erie 28,300; Hock ing Valley 6,800; llinois Central 9,400; Louisville and Nashville 11,006- Manhat tan 38,900; Missouri Pacific 52,200; New York Central 5,900; Norfolk and Western 7,000; Pennsylvania 29,700; Reading °3 - 500: St. Paul 60,100; Southern Pacific 24,900; Southern Railway 16,900; Texas and Pacific 19,400; Union Pacific 51,500* Amalgamated Copper 39,800; Car Foun dry 17,800; Smelting 5.300: Brooklyn Rapid Transit 23,300; Sugar 69.600; Ten nessee Coal and Iron 5.600; United States Steel, preferred, 30,200; Western Union 8,600; Rock Island 88,500. STOCKS. Atchison 85* do pref 10’* alt. & 0hi0... 101* do pref . V 4 Canad'n PaOi 4 - 135* Can. Souther* 77 Chess- & Oblc . a- '-n Chic. & Alton ■‘A* do. pref 72 Chi. B & « . Chi..l- & L .. 74 do pref 91 Chi- & K. H1...190 Chi- & G. W.... 28* do. A pref. .. c 4 do B. pref... 41* Chi- * N W.. 222 Rock Is’and...• 52 do. pref 8 •V» Chi. Ter.&T IS do-pref 34* C C C.&Bt-L.... 96 Col- Southern- 30* do. Ist pref .. 70* do 2d pref 46 Del- A Hudson.. 173 Del., h. & *.. 168 Den- A Rio <-• J l* do. pref B9* Erie 33* do- Ist pref.... e8 do 2d pref MM Gt. Nor pref... 201 Hock- Valley.. 101* do pref 9“ Illinois Cen 148* lowa Cen 42* do "ref 72 fj E-a W 51* do pref 113 bonis. & Nash-..*28* Manhattan L. ..7 50 Met. St- Ry 140* Mnx- Cen 25* Nat- RRof Mex- 1 Minn- & St- L-..107* Mo. Pacific 11 * M . K & T 28* do. pref 6 0* N. J. Central ...178 N. Y- Central 151* Norf. & West . 74* do- pref ?... i>o No. Pacific do- pref Ontario & W.... 32* Pennsylvania ...15 5 VI Reading 6 7;* do- Ist pref. .. ► 7 do' 2d pr6f 79 St. L. A 8. F .... 72* do- Ist pref..,. 79 do. 2nd pref .. 71* Bt. L. 8. W do. pref 64G Rt. Paul lev* do pref i v < Sauth. Pac 66* So. Railway .. 35 do- pref 94* Texas & Pacific. 4H* Tol. St. LAW. 29* do- pref 47 U. Pacific 102 do. pref 91 Wabash 2 ■* do- pref 4 4* Wheel. A L. E .. 25* do. 2nd pref... 3 1 Wls Central... 2^* do. pref 53 P. C- C A Bt. L EXPRESS i <»’«» Adams Express..! 0) American Ex.... 239 Unite! States- .140 Wells Fargo.... 235 MIBCELLAN«t; j « Amalg. Copper •• 64* Am- C- A F 39 do, pref 92 Amer. L. 0 17* do. pref 47 Am Bmeb A Ref 45’-* do- pref ‘ 4 i Am- ’ r 01)8cc0.... .... Ana- Min Co.. . 97 “ Brooklyn R. T.. 68* Col FA Iron.. 81* Consol Gas 213* Cont. Tobacco do. pref 11 < Gen. Electric....lß7* Glucose Sugar.. •• Hock Coal 191* Interna l P» pir 18* do. prof 72 Int. Power 64* LaClede Gas... 90 Nat. Biscuit... . 45K Nat. Lead.. 27* Nat. Balt do. pref Vo Aracr 120 Pacific Coast.... 69 Pacific Mail 41* People’s Gas 10.)li Pressed 8. Car.. 64* do. pref 93* Pull. Pal. Car.. 2'2 Rop. Steel ■ 0 * do. pref 7774 Sugar 131* T. C- A iron c2* U B. &P. C 13* do. pref. .. ... 73* U B- Learner. .. 2* do. pref 89 U. 8-Rubber.... In* do- pref ?6* U 8. Steel 37* do pref (HU Va- Ca Chem Co 63 >4 do-pref’d .. .121 West. Union—. v 1 'a Standard Oil 0 BONDS. J.B.Ref. 2’s reg..loß* 8. 8. Kef. 2*B cou 1C8 1 * U. B.3’sreg 106* ” COUP 108 U. 8. new 4’s rear IJSX “ coup . .13514 U. 8. old 4’s reg 109* “ coup 109* U. 8. s,’g reg 103« “ coup 10.1*4 Atch’sn Gen. 4’8.102* “ adj 4’a 91* Balt. & O. 4’g.. ■ 102 do 3 1-2’s. 94V4 d« conv. 4’B-104* Can. 80. 2nd5....1C8 C- of G. s’s 106)4 ” Ist Incomes, 7 * ** 2d income* 38 C. &0. 454’5....104* C- &A. 3 1-2’s. • 79* C„ B- & Q- 4‘.«.. 94M CM&StP gen 4’slll* C. & N. con 7’8..135 C-. R. I. & P. 4’«.107 CCC&SLgen4’B 100 Chicago Ter. 4’s. 84 Colo. 80. 4’s 93* D *. R10G.4’8... 98* E. prior lien 4’s. 98 Erie Gen 4’a 85* F. .11 V/i RALEIGH STOCK MARKET. (Corrected dally by Grimes & Vass.) BONDS. Bid. Asked. North Carolina 6’s, 1919 133 North Carolina 4’s, 1919 ....105 Virginia new 3’s 98 / 99 Virginia Centuries, 1901 Southern Railway s’s, 1994 119 S. A. L. 4’s 83 84 Western N. C. It. R. 6’s, 1914. Ga., Car. * Northern s’s, 1929.11214 Carolina Central Railway 4’s.— 100 Ca., So. & Fla. R. R., 1945....115 STOCKS. Va.-Car. Chem., pref 124 128 Va.-Car. Chem’., com 62 62E4 Seaboard Railway, pref 43 Seaboard Railway, com 25 26 Southern Railway, pref 92 Southern Railway, com 28 Atlantic Coast Line, com 140 150 N. C. R. R. Co., pref 113 NEW YORK MONEY. Nkw York. Jan. 7 4 p. m Money on call sterdy at 305* ner cent,’ closing offered nt 3 per cent. Tine money easier; '0 days 50'*)* per cent; 90 dsy« 50 5* per cent; «ix months .*> per cent. Prime mercantile pnp“r a per eent; sterling exchange r-tendier. with actual business in bankers hi 1i« at 4.86.500 tor demand and at 4 .83 50 for (0 days. Posted rates -1.84* and 4.87 1 ': Com mercial bills 4 82*0483’. Bar silve- 4* : Mexican dollars JK*. Government l.m «h s endy; State bonds firm; Railroad 1 ends irregu'nr. Barbee & Co.’s Cotton Letter. (Special to News and Observer.) New York, Jan. 7. —From the action of the market all that we can learn of the January deal, it seems that it will not be necessary to refer to this option as a market factor again this season. What promised to be one of the severest corn- | ers on record is a thing of the past if news is reliable. We cannot help con gratulating all Interested in the market that the deal fell through. Nothing could be worse for the market. The inconsist ent change of position by the January leader, is the direct result of some dif ferences of opinion over the January notices. At least these are the rumors. They explain the bearish manifesto so perfectly that we can’t help listening to them. If rumors are true cotton is likely to go higher, rather than lower, and we would, therefore, buy on any break. The market today acted about as was to be expected. Following the twenty-five point break, prices recovered twenty points before one bad time to think. As was to be expected al3o the price had a setback from 8.75 to 8.68. Then prices improved. Profits taken on the cotton bought on the break seemed to be a gen eral development of the day, and then on the later decline the cotton was taken on again. That is to say, the majority believe the market to be a bull market with an advancing tendency and are playing with that end in view. As through December, we had one kind of a market. Now we are in new ground and a very different sort of trade. Business is good, interest active and sentiment favorable. Until we have such largo re ceipts that big crop estimates again pre vail, there should be no decided break in the market. No such movement, is in sight now. A great many have followed what appears to he the misleading move on the part of a very conspicuous ex member of the exchange, and this has caused free liquidation. Some have gone short and the market is in fine shape to boil with any kind of bull leadership. We Mould like to see someone come in at the present juncture and take a few thousand bales of cotton. There would be a merry time as the price worked to- M-ards 9c. The situation is such as to lend itself to speculation, and good buy ing now Mill carry the market lip as easily from 8.70 as from 8.40. We Mould buy cotton again on another dip, but in the event of an advance tomorrow we would take profits by all means. If this is a bull market, May should not sell as low as 8.55 on the decline. Cotton futures ranged as follows; Open- High- Low. Clo«e January.. a.62 8 90 8.57 p. 57 February 8.5 > 867 8.57 8.57 March 8.7) 8.74 8.6 t 8-6' April 871 8.7 t r.ao r. 0 May *'■77 8.75 r.(, i June 8 t 8.72 8 6.) 8.6.3 Jnly 8.72 876 8.«. s a. sis August 8 60 8.64 B.FO 8 'i Sentember 8-2 y» 8. y October.. . 8.21 8.21 8. ’0 810 The market closed}ste*dy. BARBEE & CO. Tarrant & King’s Cotton Letter. (Special to News and Observer.) New York, Jan. 7.—Liverpool came strong this morning and prices opened firm here, at an advance of from 5 to 7 points over yesterday. This brought in selling orders and kept the market ac tive and more or less unsettled. The tone, hoM'ever, was firm and indications all pointed to higher prices. New Or leans though, sold all through the ses sion. and this, together with profit taking on q rapid rise from 55 points yes terday caused considerable roaction thi>- afternoon. The small receipts, the re duced visible supply, and the absence of accumulations at all interior toM-ns will operate in favor of cotton.- The demand A Man of Means can ill-afford to be without the pamphlet published by Ihe Mutual Life Insurance Company of New \ork “A Banker’s Will.” It explains a curious provision in the will of the President of a National Bank in New York City, and gives the list of securities in which the largest accumulation of trust funds in the world is invested. The pamphlet is sent free to those who write for it. This Company ranks First —ln Assets. First— In Amount Paid Policy-holders. First —ln Age. The Mutual Life Insurance Company of New York Richard A. McCurdy, President. HARRIS R. WILCOX, Manager, Char lotte, N. C. H. E BIGGS, Dist. Supt., Raleigh, N. C. for the staple, for both domestic con sumption and for export continues active. Spots continue strong throughout the South, and no severe decline can be look ed for unless receipts rapidly increase. TARRANT & KING, 68 Broad Street. The Go’cUn Plume Poultry < ompan (Special to News and Observer.) Burlington, N. C., Jan. 7. —The begin ning of the new year was marked by the organization of a strong company of poultry fanciers for the purpose of breeding, exhibiting and selling thorough bred poultry, and eggs for hatching pur poses, Tho company will be known as the “Golden Plume Poultry Company.” and is composed of the following gentlemen: J. M. Workman, brooder of the famous white euill strain of White Wvandottes; J. C. McAdams. Barred Rock Specialist, and J. W. L. Thompson, the renowned Buff Rock Man, and perhaps others. These gentlemen expect to be able to furnish stock and eggs for hatching from about all of the popular breeds of our domestic fowls. A Grea* Peanut Year. A dispatch from Richmond, Va., to the New York Packer, says: “In the neigh borhood of 100.000 bags of peanuts hevo te«n brought to this market since No vember 1. the large bulk of which have been sold on or soon after arrival. While the acreage in peanuts in Vir ginia was decreased some 15 or 20 per cent this year, and probablv to a large extent in North Carolina the yield per acre and the quality of the nuts were vastly better than in many previous years, and the planters have in conse quence made money. In quality the nuts arc fully matured and solid.” FOR Asthma use CHE NEY’S EXPECTORANT. COTTON YARNS. Buckingham, Paulson & Go. Commission Merchants. SEW YORK PHILADELPHIA. CHICAGO Solicit correspondence. We are prepared to d tc» orders for prompt rr future delivery for i 1 —ihers o' vnrn to fail advanced price. Hugh M & Co-1 .TANKERS. Miscellaneous Southern Securities, Cotton Mill Stocks A SPECIALTY. WILMINGTON. N. O. SEABOARD Air Line Railway Short Line to principal cities of the South and Southwest, Florida, Cuba, Texas, California and Mexico, also North and Northwest, Washington, Baltimore, Philadelphia, New York, Boston, Cincin nati, Chicago, Indianapolis, St. Louis, Memphis and Kansas City. Trains leave Raleigh as follows: No. 34. NORTHBOUND. 1:35 A. M. “SEABOARD EXPRESS” FOR Norfolk, Portsmouth, Richmond, Washing ton, Baltimore, Philadelphia, New York, Boston ar:d all points North, Northeast and Northwest. No. 38. 11:15 A. M. “SEABOARD LOCAL MAIL” For ALL POINTS from Raleigh to Port? mouth, Norlina to Richmond; connects at Henderson for Oxford and Weldon with A C. L.; at Por tsmouth-Ncrfolk with AL STEAMERS for points North and Northeast. No. 66. 11.50 A. M. “SEABOARD MAIL” FOR Richmond. Washington, Baltimore, Phila delphia, New York and Boston. Connects at Richmond with C. K O. for Cincinnati, Chicago and St. Louis; at Washington with Pennsylvania and B. & O. for all points. No 31 SOUTHBOUND. 4:15 A. M. “SEABOARD EXPRESS” For Charlotte, Atlanta, Columbia, Charles ton, Pavannali, Jacksonville, St. Augustine, Tampa and all points South and Southwest. No. 41’. 3:45 P. M. “SEABOARD LOCAL MAIL” For Charlotte, Atlanta and all local points. Connects at Atlanta for all points South and Southwest. No. 27. 6:58 P- M. “SEABOARD MAIL” FOB Southern Pines, Pinehurst, Atlanta, Colum bia, Charleston, Savannah, Jacksonville, Tampa and f.il points South and Southwest. Tickets on sale to all poii: s. Pullman berths reserved. Tickets delivered and bag gage checked from Hotel and Residence* without extra charge at Up-town Ticket Office Yarborough House Building. C. H. Gattis. C T. and P. A. 'Phone* 117. Raleigh, N. C. H. S. LEARD, T. P. A . Raleigh, N. C. Hock. Y. 4 1-2 8 107* L. 100 Mex. Gen. 4’a.,.. 77* do Ist 1nc.... 26V Minn. & St L 4’alo7V M. K. &T. 4a.... 98* “ 2nd’s 84* N. < r . C. lsts do gen 3 1-2M04 N J. C. gen. 5’5..132* No. Pac 4’s I(3* “ 3’S 72* N, &• W-con- 4’s 100 Reading gen-4’a 96 Bt L & 1 Mton s’s 114 8t L *8 Fgen4’s 95 St-L- B’wea l’g.. 96 do 2’s 84* S.A (teA.Pasa 4’s BSM So- Pac. 4’s °l * So-Railway s’s.. 17 * T- & P. lsts 117 T-,St.LAW. 4’s.. 77* Union Pac. 4’s..lf 3* do cpnv. 4’5.106* Wabash lsts 116* “ 2nd* 109 ”do. Deb- B. . 76* West Bnore 4 5..111 W A L, E. 4’s .. 91* ,»ls- Cen. 4’5.... 91* Mobile &O. 4’s. 95 Con. Tob.. 4’5... 67# ESTABLISHED IN 1872. HENRY BEER, BERTRAND BEER, EDGAR H. BRIGHT. H* & EL BEER, Cotton Merchants. NEW ORLEANS. MEMBERS OF: New Orleans Cottor xchange,' New York Cotton Exchange, and Associate Members Liverpool Cotton Association. Special attention given to the execution of contracts for future delivery In cotton Cotton, Grain and Provisions. Small accounts receive the same careful attention as large ones. All inquiries promptly and cheerfully answered. TARRANT & KING. 68 Broad Street, Morris Building, NEW YORK. WILL GO ON YOUR BOND-^ American Bonding Company of Baltimore. A£**TS OVER 12,608,061 BUSINESS CONFINED TO SURETY BONDS, Accepted *a sols *«curlty by U. «. Govern naent and tbs Stats an# Counties •! Nsrth Csroltna. SOLICITS IHE BONDS OF Federal Officers, Administrators, Executors, etc., Bank, Corporation officers, Guardians, Receivers and Assignees, Jhputv <’oJlectors. Gaugers, etc,, Cotton and Tobacco Buyers, Insurance and Fertiliser Agent*, Contractors and Builders. Postmasters, Letter Carriersli, etc. Tobacco ami Cigar Manufacturer^, And all persona occupying positions of (rust anil responsibility. Reasonable rates and prompt attention to cot respondent.*. RELIABLE AGENTS WANTED In aii county seats and important towns in which we arc not at present represented. Addresr. R. B. RANEY, General Agent, Raleigh, N. C. Please Write. We are Independent of any Monopoly. National Oil Company NORF OLK. VA. WHEN IN NEED OF OILS OR GREASES OF ANY KIND FOR ANY PURPOSE We SELL— Cylinder oil, valve oil, engine oil. dynamo oil, loom oil, spindle oil, machine oil. harvester oil, cotton gin oil, ear oil, Boor oil, signal oil, belt oil, castor oil, harness oil, cup grease, axle grease, car grease, belt grease. Coal tar, root paint. Oil and gasoline tanks. Prices and samples gladly furnished for the asking. Works: Henry Street and N. ft W. R. R., Lambert’s Point Track, Norfolk* Va.. P. O. Box ISO. t Barbee & Company, RALEIGH. DURHAM. Members New York Cotton Excnanee 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. Intel-etate and Bell 'Phones N*. 67. CAROLINA TRUST COMPANY, RALEIGH, N. C, Capital, SIOO,OOO, out of S oiidted. BuslneSß GENERAL BANKING—Money received bn d< posit, subject to cheek. SAVINGS BANKlNG—lnterest paid on deposits. TRUSTS.—Acts as Executor, Administrator, Guardian, Assignee, Receiver, Broker, Agent, Trustee. Assumes the management ol entire Estates; also property for the use and benefit ot others. FINANCIAL AGENT for floating Storks and Bonds of Corporations. Especial and separate arrangements and conveniences for gentlemen and ladv customers. OFFICERS.—W. W. Mills, President; Leo. I). Ileartt, Vice-President and General Manager; Robert C. Strong, Trust Officer and General Counsel; William Haves, Cashier. DIRECTORS.—James Webb, .J D.lliggan, Charles P>. llart, Alexander Webb, Julius Lewis, Leo. D. Ileartt, F. T. Ward, W. W. Mills, Allen J. Ruffin. W. C. Petty. P. R. Albright and Robert C Strong. Offices in Carolina Trust Building, Raleigh, N. C. Correspondence Solicited. It*** INCREASE the. light in your factory or store fifty I Jl t per cent, by using our COLD WATER PAINT. 9 Whitest and best on the market. TANNER PAINT AND OIL CO., I 1419 East Main Street. Richmond, Va. | AN IMPORTANT REPRODUCTION 4 ♦♦♦♦ -♦ We are pleased to announce that wc have jut issued a Platinum Reproduction of the celebrated steel engraving “THE LAST MEETING,’’ Generals Robert E. standards. The frame is in every way worthy and emblematic of the picture. There will be only a limited number of these pictures made. If you wish one order at once. WEATHERS & UTLEY. ART STORE. Raleigh, N. C; “Leßoy Davidson Promoter and' Dealer i Investments. Securities, Offices: Room 118, 60 Broadway New ork, and Charlotte, N. C. Money advanced on valu able plants and well locat l ed business properties.” Jacob Berry & Co. MEMBERS j S?rP, < RdSl!e B & C h.Se^' 1 " Stocks, Bondc Crain Cotton. Established IC'.C. 44 Broadway, New York, SOU Main Bt.. Durham, N. 0. Phila. Office, Drexel Building, Telephone No. 7 Send for market ettera and pamphlet- Prompt servlet on all busi ness. Lee and Stonewall Jackson, the evening before the battle of Chancellorsville, May 1, 1863. The original picture was paint ed by Julio, of New Orleans, La., and copies of the steel engraving are almost entirely out of the market, the few copies remaining being held at a very high price. . Our reproduction is printed on platinum paper 16x20 inches, and is a facsimile of the original engraving. We have also designed a spe cial frame for tbo picture a* shown in the illustration. The frame is a four-inch quartered oak moulding, stained to match the Confederate gray uniforms, with a burnished silver cartridge ornament inside. On the upper right hand coiner are at tached two small silk Confed erate flags mounted on ivory 7
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 8, 1903, edition 1
7
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