JRPRISE SPRUNG
I FAVOR OF BULLS
Liverpool Rose When a Drop
Was in Order.
OUR MARKETS FOLLOW
The Day Closes With Cotton Steady at a Ne.
Advance of E'gSt to Twsnt)-3!x
Points, Practically the Best
of the Day.
• (By the Associated Press.)
New York, Feb. 13. —The market has
again shown an appearance of activity
in all directions. Business is good and
tone strong in cotton goods. Print
cloths firm. Linens firm with a good de
mand. Burlaps are advancing.
NEW YORK COTTON.
New York, Feb. 13.—The cotton mark
et opened firm at an advance of 7 to 16
points under active covering by short a
as a result of strong Liverpool cables.
These were due to our close of Wednes
day to come about V* to 2 points lower,
whereas before our opening they report
ed an advance of 3 to 10 points on the
active options. Immediately after the
call there was a momentary halt in the
demand, which eased prices off slightly,
but this was almost instantly followed
by renewed purchases, notwithstanding
the heavy movement in sight, and the
less favorable advices from New England.
The advance at Liverpool was said to bo
due to heay buying orders from this
side, presumably originating with the
interests who have recently been con
verging their operations in May, ar.d
therefore, at this morning's advance
there was considerable selling on the
theory that the present high level had
been obtained very largely as a result
of manipulation. The spot markets,
however, were all firmly maintained, and
while at the high points the market met
with considerable pressure from this di
rection, the covering was too Insistent
to be ignored. Commission houses also
had some buying orders for the long ac
count, probably ds a result of the rather
smaller receipts estimated for the lead
ing points tomorrow as compared with
last year. The market was finally steady
at a net advance of S to 26 points, prac
tically the best of the day. Sales of fu
tures estimated at 600,000 bales.
N>w York. Fel>. 13. —t’otton futures open
ed firm-
Colton futures closed steady.
~ , Open. Clos..
February y. 3, 9.41
March 930 9.41
April 9 45 9 48
M<*.v.. • 9.45 9so
•June 938
July 9. O 9-38
Aufifust m.. 9.01 o.o^
feeptemoer • ».-*3 h. >8
Octobe; ... s i*9 g. 2?
Spot cotton closed quiet; middling up
lands v.iO; middling Gulf 9.35; sales
7»0 ua'
NEW ORLEANS COTTON.
Now Orleans, Feb. 13.—As a result of
the advance in contract values the mar
ket for sped, cotton developed consider
able strength today and later became
active under the influence of the con
tinued advance. Quotations advanced
l-Bc.
The market for contracts was very
active in response to the advance in Liv
erpool of S points. Buying orders came
in fast from the interior, and but for
the influence of the scalpers, doubtless
would have gone higher. As it was the
closing showed net gains of 17 to 22
points over yesterday’s values-
New Orleans, La. Feb 13 Cotton futures
closed steady.
February 9.40
March 9.
Aori! 9. ixifrv’js
May 9 M
June. • 9 54@ .56
July - 959'& r >.6o
August - 9.28(0(9 30
September
October
LIVERPOOL.
Liverpool, Feb 13- -4 n. m.—Coo ton-Soot
fair demand, prices higher American trddf
dl'og tar 5.0 c, good middling 5 2ft: mid
dli g 5.0*; low middli' , <M 96: good ordinary
4 84; ordinary 4. '>2. The sales of the day
were lu, <uO bales, of which 1,000 were for
ejaculation and export, and included 8. 00
Am-rio.an. Receipts 9, ICO bales, including
2,803 American.
Futures opened frm and closed feverish.
American middling, g o- c.;
February - 502
February and March.. 5 01©.5 02
March ard April 5 ni@s 0!
April aoo May SO2-is. or
May and June 5 3S». C »O4
dune and July sOI
July and August 5 03(5,5 04
August and .September 4.93® .94
Ber tember and October 4.t0&4 ul
October and November 4 48
RALEIGH SPOT COTTON MARKET.
Raleigh, N. C., Feb. 13.
Receipts 51 bales
Kept, this day last year. 57 “
Prices today 9)459 9-16
Prices this day last year .. 8%
Receipts this season .. .. 12,92(1 bales
Receipts last season .. .. 8,523
OTHER <’OTTON M AKK STS.
PuBT. 1 TO4R. j *lO- RECEIPTS
'.'aiv*«ton I firm ' 9)4 7.825
.Norfolk i firm 9a ‘2,080
Baltimore...... | nominal 9?* l,i'3
Boston | quiet 9.0 391
fc'llxningtou ! firm : 9)4 667,
B hiladelptux....j stead/ 19 85 50
Jwennah firm 9Vs 1.‘>34
low Orleans.... firm 9)4 6 730
* "bile fir m i»4 165
Jemphia i fi in 9* 2 717
Augusta ; fp m 9 9-16 829
Charleston 1 firm 9! g 954
Cincinnati. firm 9.00 ft 6 7
Louisville f firm W.lO 219
S*. Louia firm Uu 150
Houston ; fir n 9- 5 9". T
new York | quiet 9 0 M 3
Pensacola |
S*b!n Pas* and ....
Port Arthur |
Brunswick. ...j
NEW YORK MONEY.
New York. Feb- 13 4p. ra—Money on call
steady at 2)4*/a per cent; closing offered
at 23* per cent. Time money st eady; to days
4 per cent: 90 days 4 per cent; six
months 4 w percent. Prime mercantile pa
per 4%®5 percent; sterling exchange strong,
with actual business in bankers bills at
4.87 60 for demand and at 4.84.50 for 60
day*. Posted rates 4.85 and 4.88 Com
mercial bills 4.83*,®4 84'4: Bar silver Ilk-
Mexican dollars 37V4. 'Government bonds
weak. State bunds stsadv; Rauroad bouds
irregular.
BIGABOARD STOCKS AND BONDS.
Baltimore. Feb- 43 - Seaboard Air Line
c'mmon 2>Vi; preferred 42H
ttouif* 4’a. 83 7 /i-
Atiau'ie Coast Line, common, 135)4; pre
feried 1 -6
The Sun Life of Canada.
(Incorporated 1865).
ASSETS, = - $13,480,272
Writes all up-to-date policy forms- Policies are SELF PREMIUMS PAY
ING after two years and provide for largest guaranteed values.
District Managers given full General Agents’ renewal contracts.
J. R. JOHNSTON,
Manager for North and South Carolina, Tucker Building. Raleigh, N. C.
grain and provisions.
Chicago. Feb. 13.—There was general
liquidations in grains due to bearish
news and lower prices were recorded,
May wheat closed unchanged 3-4@7-8c
lower. May corn was off l-Bc, while oats
wore down 3-4 c. Provisions were strong,
the May products closing from 2 1-2 to
12 l-2c higher.
Lending future* raugoa ai rouow* :
IFXNIN*, lUIOHUET. LOWEST CLO8 T NO
r\b hefU rTv 74% 7444 74 44
May.... 77%@<8 7«?4 • ‘ )l 4 “F 4
May 45?4®45'?8 4 r ’k • 4->'s 454%
o“ats-
Peb L-.
May.. 3.»?i 37 ?* :30J4 35? g
Pork—
F b
;« 92'4 17 05 1G 99 17 00
L ard -
May . 9 17 Yt 950 945 9 4744
"ibi—
F b ... .
May 922 4 932 4 I 9 22 ’4 JU.-54
Cash quotations were as follows:
Flour wis dnil: winter patents 60®
,".75 siraiutiis 83. Min 3.50; Clears .f'2 7Wr> 3.10; ■> j
ipnne specials 1.20; spring patents J;i.50@3.80;
to. straights }J. it <§.3.40: bakers 12.457A3.9 ».
Wheat—No. 2 spnag 77;- ; No. 3. 7C@7t; Nr. !
2 red, Corn—so 2 43V.i No. ‘2 I
trWlow 4334* Oats— ' T °. 2, 3444; No. 2, white I
33; No. 3 wui>e R»e—No. 2, 49; Har- j
t"v. good feeding L<§4o; fair to choice mal ing
48,i5b; No. 1 Bax se<... **.l4; No. ’ northwe.-ter
11.19. Prime timothy seed $3.75. Mess por*
per bbl. 1T.12'4. Lard, per luO , lbs. 19.55,
Short ribs siues (loose) $9.in@.9.30 Dry-saitei
stoulders ihox«d) $3.12J4<rb9.25; Short clear sides,
(bored) $9.5P@9.67v*. Wmskey $1.30. Clovei
i ■ l tiad glide. Ul .
NEW YORK.
New York. Fe * 1 ! —Flour dull but steady; I
ivin'er straights $3.50@3.65; winders oatents |
$3.t,5@4.tt): Minnesota patents $4.30; winter ex- I
iras fi ftUg'JS.lO: wiun-r w g'adess‘.»'io@2.9o
Rve tiour qiue ; $0.00.t3.35; cnoice tu fanoj
$3 UX<r 3.55
t orn n.eal dull- ve'low western $1.20; city..; j
t-raadywine $3.45®3 55.
Rye quiet; No 2. tiOK. Stft'e 56.
Barley quiet; dius 47' n muov 51©51>$.
Barley man uutt; western 65C7;06.
Wheat—#poi eis.r; No. 2, re.i. 824(j. OrtlouS- i
March 83; s’ay SI- July 7SJ% ; September 76?*.
Corn—Spot easy :>« z id Ouwt I' Feb- 1
uarv March 57. May 51 11-16; .lii'y 49J4.
O sta—Si-ot e.ta> ; No '2, 43 4. Options—May
42% ; Oc obe- .
Beai q'lie ; *«mily $15,002)16.00; mcis $10.50: |
packe* $12.09g13.00; t eet h»ms $2('.50Wi*1.50. j
Cut meats ire u’ar; tickled bellies 9@10; j
pick I d .ho ld< rs 8s; trickled hams $1
Lard steady; wes.eim stesmed #lo.to. refined !
st-ady: south America 11.30; the Continent |
10.30; co opound 7h@74|.
Por» st dy; Emily 613.50?i19.00; short cle.r
Jb .’lriG-.0.t0 in< as *l7 75©’18 2 )
Ta ovv easy; city package 6; country :
packages 'ree> 68<C«.644.
Kos.u steady; s.r.*.ned common to good. ?2.10(&
2. 15
r,.rp -nt.ice quiet at 0044@67.
Rice firm; uoineatio. fai: to extra 4v J @6l|'; I
Japan 43i@54<.
Mulassea firm New Orleans, open kettle j
rood to choice 32^40.
Cottec—soot. Kio st*ady; No. 7 invoiece 544; \
mild qui t; Cordova 7(t&414%
sug{ r-raw was Hm; f air refining 3-4; :
centrifugal, 96 test, 3)%; refined sugar steady,
CjnlecUouer’s A 4.30; ni.rulo A 4.93, standard A j
; cut loaf 5.'25; crushed 5.25; powdered 4 75: !
granulated 4.65: cubes 4.90.
bttier \v s nrm ext, a creamery 26: wesrein ;
oreamerv fresh Z 244 imitation creamery 14Q;1»;
factory 14@19; bttte dairy IfyJy 24.
Cheese Dim: new htati, fail cream, fancy j
small oo ored. old. 1444; n.w, 12)4; small white |
oa, 14)4; new 124*.
Eggs unsettled; average best : Stat.eand Penn
sylvau a 16; south'ra lIV,.
Potatoes s'.eadv werscy 1.75@2.v)0; State anu
western 1.:5*'(.2.00; Long _ isiauu 2.00!§i2.2i; |
bouth jersey sw.i“is *2. WB>>.7s ,
1 ean its cte.cj ; fancy hand-picked 444<<?4Y; Go
mes-ICS's 44* „ i
Cabba.'et a v 'omestic, per 100, white, 60|o ,
89; it-d, SI.U @1.25.
Freigeto w .pool; cotton by steamer 12c:
grrain Id. !
Cotton seed oil was firm. Prime crude
btrre.s (. c. b mil's, 34@P 5; l rime summer
• ellow 42: oft umrp-- veil * 40; prime white
45; prime winter yellow 45; prime meal
28 00 noun!)*,.
BALTIMORE PROVISIONS.
RAI.TIXOBE. Feb. 13. —Flour was quiet; Winter
extra 2.85®3.U5; do. cc arid 30@3.r0; do. strauh s
$3 45(2,3.00; patents 3.75@4.05; ftpriug clear 3.25@
3.45; spiiug straights 3.70@4 05; .Spring
4.104i4.35.
Wheat e°.s >.; spot ~i% ; February 7 i 44@
79J4; steamer No 2 red , Siuthern wheat
bv sample 7i@Bo
t *.a weak; spiot 5344" February i 3)4® 53)%;
Southern white corn 40@45.
Oats firm; No. 2 wnu-, new, 12 'A; No 2 mixed,
new,
ttve st ady; Nc 2 nearby, 5G<§»5644; No. 2 west
ern 564a@56>4
Buiter urn; fancy imitation 20@21; fancy
c*eauicv *x7; 'mev laaie 20@.21 iancy rod
IS; good roll iti@l7; store packed 1'>2»17-
lower, fres i 15@16.
Ch firm, m.ae medium lt@ll}»;
sniad It44©i4 J i
Sur»r nrui; eue and coarse granulated 4.9144-
STOCKS AND BONDS.
New York, Feb. 13.—The increase in
business on the Stock Exchange today j
was mostly on the selling side and caused
;i further depression in the level of
prices. The marketing of stocks was
1 retty constant until a supporting move
ment in the Erics during the final hour.
Support was evident at the same time
in some of the other Morgan stocks, no- j
t 'bly Reading and Southern Railway, J
the latter rising a fraction over Wednes
day. The sentimental effect of this sup
port was little more than to chock the j
selling elsewhere. The buying of tho
Erics themselves was not followed up 1
and the closing was dull and heavy. The
selling of tho Erics was on a very large
.sealc from the outset, London joined ia
Mae movement. Extreme declines wort
effected in the common stock 2 I A, in the
first preferred of 2%. and in the second j
preferred 3%. The terms of tho new
issue of bouds were disappointing, but
there was also selling by speculative
holders who had bought with the idea
that some new disposition of the whole
property was Involved. Some sort of new
capital issued by the Erie has been un
derstood to be on tho program for sev
eral years past. The prospect of in
creased earnings by reason of the outlay
and lhe possible right to subscription
by stockholders at the issue price cf
did not prove sufficiently attrac
tive to prevent very heavy realizing on
the recent advance. The stocks were
practically unsupported under the last
hour. The sympathetic effect on the gen
eral list was considerable and the active
speculative leaders were very generally
a point or more below- Wednesday’s level
at one time during the day. The con
centrated selling of some of the recent
speculative favorites pointed to enormous
realizing on the part of some of the spec
ulative pools. There were some evi
dences of bearish manipulation, especially
ia. the circulatiou of rumors et .the geijh
ous illness of a railroad president, who
is supposed to have important market
interests committed to his guardianship.
The rally in the hour was helped by the
preliminary figures of tho week’s cur
rency movement, which indicates a net
gain in cash by the banks during the
week up to Wednesday night of over a
million dollars. Earlier in the day the
sentiment over the money situation was
dominated by tho further considerable
rise in sterling exchange, practically t'
the gold export point, allowing for yes
terday’s reaction in sterling at Taris.
There will be no fast ships to sail until
next week, but a probability of gold ex
ports is indicated. Money is growing
tighter in London and the selling of
stocks here today for that account was
large and was a material factor in the
strengthening of exchange. The January
exports of domestic products showed tin
expected increase by reason of the large
outward movement of corn, but a de
crease in cotton was disappointing, and
tho present high price of that staple, it
is feared, will discourage the export de
mand.
The Central of Georgia income bonds
rose sharply, but the movement of prices
generally in the bond market was irreg
ular. Total sales (par value) $2,350,000.
United States 2’s declined and tin
old 4’s Vz per cent on the last call.
Total sales were 144.700 shares, in
cluding Atchison 17,500; Baltimore and
Ohio 16,900; Erie 121,300: Erie, first pre
ferred. 18.900; Erie, second preferred,
17,300; Missouri Pacific 33,900; Ontario
and Western 8,000; Pennsylvania 12,400;
Reading 25,800; Ft. Paul 16,000: Southern
Pacific 30,900; Southern Railway 9,600;
Texas and Pacific 6,300; Union Pacific
21.100; Wabash, preferred, 23.900; Amal
gamated 47,800; Smelting 19,900; Brook
lyn Transit 8,300; United States Leather
17.000; United States Steel 19,700; United
States Steel, preferred, 8,500; Rock Isl
and 17,300.
STOCKS.
Atchison 87*4
do pref 100*4
«Alt. & 0hi0....101'V4
do pref 93
Canad’n Pacific 137 '4
Can- Southprk 75
Chesa- & Obit*.. 5244
Chic- & Alton jbH
do. pref...... . 70^4
Chi. B. & y. ..
Chi.. I- & L
do pref
Chi. & E. 111... 20)
Chi. & G. W.... 273*
do. A- pref. ..
do B. pref.... 44?4
Chi- & N W.... 219
Rock Island...• 4'>'<4
do. pref SIH
Chi. Ter.&T 18
do. pref 34
C C CT.&St.L.... 96
Col. Southern... 2)3*
do-Ist pref .. 7044
do 2d pref 4 4 3»
Del. & Hudson..Bo44
Del.. L. & W.... 260
Den.&RoG.... 4Ua
do- pref BVX
Erie 39?4
dt. Ist pref.... 7t)4
do 2d p es 61
Gt. Nor- prei... 200
Hock- Yalley... 104'4
do pref 9854
Illinois Cen 14554
lowa Pen 44 ‘4
do Pref 7.)
L- E. A. vV f'
do pref 116
Louis- & Nash... 126
Manhattan L. ..14 444
Met St. Ry 137 W
Mex- Cen........ 2644
Nat. RRof Mex. 19*
Minn- & St. L...106A
Mo. Pacific 11444
M .K. & T 2954
do. pref 62 M
N- J. Central ...180
N- Y- Central 14944
Norf- & West . 75
do- pref VI
No. Pacific
do. pref
Ontario & W.... 34
Pennsylvanla... 15 544
Reading 63 %
do- Ist pref. .. 88
do - 2d pref 75 'A
St- L. & S- F .... SO%
do. Ist pref.... 81
do. 2nd pref .. 73
St. L. S. W 28
do. pref 62'4
St. Paul 178)4
do pref 19'
Sxuth- Pac 64)4
BONDS.
d.B.Ref. 2’a ree..ioß
8. 8. Ref. 2’scon IGB
U. B.3’sreg 107
" coup 107
U. 8. new4’Bregl3 4)4
“ coup 135)4
U. 8. old4’s reg-lM*
" conp 109)4
U. 8. s’b rog 102 M
** coup 102%
Atch'sn Gen. 4’8.102H
“ adj 4'9 92’4
Balt. &0- 4's.. .103)4
do 3 l-2’B. 93)4
do conv. 4'5..105
Can. 80. 2nd5....1C8)4
C- of G. s's ICBX
** Ist Incomes. ’.954
“ 2d Incomes 39)4
C. & O. 4X’s 1069*
C. &A. 3 1-2’5... 77)4
C„ B. &Q. 4\g . ‘4 4
CM&BtP gen 4’5111)4
C- & N. con 7’s. .133
C-.R. I. & F. 4'5.106
CCC&Bhgen4’s :co
Chicago Ter 4’s. ft 4
Colo. So. 4’s 91
D A, R10G.4’8... 99
E. prior lien 4’a. 9K'-4
Erie Gen 4’s S7
F.
Hock. V. 4 1-2 e.IOB
L.&N.nni, 4’s ..looft
FOR Asthma use CHE
NEY’S EXPECTORANT.
THE NEWS AND OBSERVE!!: SATURDAY MORNING.' FEB. 14. 1903,
So. Fallway .. 35)4
do. pref........ 95
Texas & Pacific.. 42M
Tol. St. L.&W. 29)4
do. pref 45
U. Pacific 101)4
do- pref 943*
Wabash 31
do- pref Eo’4
Wheel. & L-E .. 2644
do. 2nd pref... 37S
Wis Central... 2HH
do. pref 5444
P. C- C & Bt. L
EXPRESS CO’S.
Adams Express..?2s
American Ex. ..$25
United States- .146
Wells Fargo 225
HISCEIiLANE'I
Arnalg. Copper.. 69 44
Am. C. &F 4i
do, pref 92)4
Ainer. L- 0 17)4
do. pref 4444
Am- Smel- & lief 49>g
do- pref V 8)»
Am. Tobacco
Ana- Min. C 0... 11l
Brooklyn R. T .. 68)4
Col F& iron... 75
Consol Gas 217
Cont. Tobacco .. ••
do. pref 116)4
Gen- Electric....2oo'4
Glucose Sugar.. ..
Hock. Coal 201*
internal Paper
do. pref 73
Int. Power 5.<44
LaClede Gas.... 92
Nat- Biscuit 47
Nat. Lend 28)4
Nat. Salt
do. pref
No Amor 114)4
Pacific Coast.... 68
Pacific Mall 40
People’s C4as .... 106)4
Pressed 8. Car.. 62)4
do. pref 93)4
Pull. Pal. Car... 232
Rep. Steel 21N
do. pref 79)4
Sugar 1 30)4
T. C- & Iron 63’4
U B. *P. C .... 14V
do. pref.- 7734
U. 8- Leatner.... 14)4
do pref 94
0. 8- Rubber.... 17)4
do. pref 53)4
U 8. Steel 38)4
do- pref 88
Va- C 9 Chem Co 64)4
do-pref’d .. .124)4
West. Union..... 90
Standard Oil- 740
Man, con. gold- 103 K
Mex. Cen. -r5.,.. 77
do Ist Inc. .. 27)4
Minn.& Bt.L4’slo3)i
M. K. &T. 4a.... 99)4
*’ 2nd’s 82)4
N. /, C. lsta
do gen 3 1-2’.103^
N J. C. gen. 5’5..123
Ho. Pac. 4’s 103)4
" 3’s :,V/a
N, ft. W-con. 4’5.10154
Readinggen. 4’s 97)4
8t L & 1 Mton s’s 114)4
St L &S Fgen4’a 9 5
St-L. B’wes l’n-. 97
do 2’s 83
S. &A.Pass 4’s 86
80. Pac. 4’s 91 7 4
So- Railway s’s.. 117)4
T. & I». lsts 117
T-,St.LAW. 4’a.. ’.9
Union Pac. 4’s. .103)4
do. conv. 4’s. IC6
Wabash lsts 118
“ 2nds 108
’’do. Deb- B. .. 8254
West Snore 4 ».,lii
W L, E. 4’e... 92%
t»is. Cen- 4’5.... 9254
Mobile &O- 4’s. 96(4
Ron. Tob.. 4’«... 6414
Col. F. don s’s!.. 9U4
K 1.. 4’s 87)4
Penn conv. 3’5..106)4
RALEIGH STOCK MARKET.
(Corrected daily by Grimes & Vass.)
BONDS.
Bid. Asked.
North Carolina 6’s, 1919 133
North Carolina -l’s, 1919
Virginia new 3’s 95 96
Virginia Centuries, 1901.. .. 95)4 96
Southern Railway s’s, 1994 ..118
Seaboard Air Line 4’s 83)4
Western N. C. R. R. 6’s, 1914.117
Ga., Car & Northern s’s. 1929.109 110
Carolina Central Railway 4’s..— 100
Ga., So. & Fla. R. R-, 1945 114 116
STOCKS.
Va.-Car. Chem., pref 123 123V6
Va.-Car. Chem., com 62 63
Seaboard aßilway, pref 42)4 43)4
Seaboard Railway, com 26 26
Southern Railway, pref 95
Southern Railway, com 35%
Atlantic Coast Line, com. ..136 137
N. C. R. R. Co., pref 170
NAVAL STORES.
Wilmington, N. C. Feb. 13— Tupentlne
firm at 65, receipts 15 casks.
Rosin firm at XI 85: receipts 348.
Crude, firm at $2.4D@4.00; receipts 14 bar
rels.
Tar firm at $165: receipts 401.
Savannah, Ga. Feb. 13-Turpentine firm
at 65:
66-
Rosin firm; receipts 2.69 4; sales 667;
experts 855 „
gnote A. B. C, Sl-90; D. $190; E
S' 90; F. si.ot; G, $2.00; H. $2-3s; I.
2.80; K. $3 20; M. $3-40; N, $3 60; WG,
S3-fts; WW54.25
Charleston. S- C., Feb 13-— Spirits tur
pentine firm at 64)4; receipts —; sales ;
exports ( ,
Rosin firm receipts ; sales •• ; ex
ports 1 _
Quite A, B. C.l .85; I). $185: E. $1,85. 1,
51.85; H. $1.95; H. 52.30; 1,2 7 : K, $3,25; M.
$3-35; N. 53.55; WG 3 80; \\Ws4.'o.
Tarrant & King’s
Cotton Letter.
(Special to News and Observer.)
New York, Feb- 13. —As pointed out in
our recent letters, the position of the
market is so strong that reactions of
mere than 10 or 15 points cannot be ex
pected, and after having reacted 13 point j
Wednesday, the market today opened at
an advance of 16 points, which was in
creased to 22 before the close.
Liverpool was influenced by heavy
buying from Egypt to cover shorts. This
is only the beginning of the covering
movement. There is an enormous short
interest for the continent as well as
among the professional element in Liv
erpool, to say nothing of the conditions
existing here.
I understand that the most prominent
Wall Street hour.es who followed the bull
leader during the fall, have encouraged
their customers to follow him on the
short side, and as it is well known that
be' took the short side at about 8.80 for
May, it naturally follows that his ad
herents are in a very uncomfortable po
sition, and in order to get an idea of the
volume of this short interest, I would
mention that one house gave an order on
Wednesday to buy 17,000 bales of March
which I afterwards learned was for a
customer who sold them short at 5.30.
His loss was about 103 points.
There is probably one-quarter of a
million bales of just such short cotton
in this market, and any attempt to cov
er it will carry prices up very quickly,
therefore it is well to buy on every soft
spot,
TARRANT & KING.
68 Broad Street.
Barbee & Co.’s
Cotton Letter
(Special to News and Observer.)
New York, Feb. 13.—During the holi
day here manipulators bought up the
Liverpool market and this morning that
market was about ten points higher.
Then the holders of May started in sell
ing here and sold heavily all day. The
tone was very feverish and the advance
carried to a point where even the best
in the business will not buy. There was
nothing but manipulation in the market
today. We do not like this sort of a mar
ket. The last short was forced into the
market this morning and a lot of new
cotton bought by outside bulls. The sell
ing was better than the buying. In sight
figures this week amounted to 247,000
bales. Tho total on the crop is now 1.700
bales over last year and the movement
is still keeping up. As far as factors go
there is nothing to buy cotton on here-
Factors are against tho market, but
speculation is on and the feyer must run
its own course. There will.be a day or
two of reckoning before long. We would
not buy cotton at this level. There is
too much manipulation going on to suit
a conservative trader.
Cotton futures toray ranged as fol
lows:
Open. High. Low. Close.
February 9.36 °- 1 1 u 33 941
March 9-36 944 935 9-43
April 9,40 V. 48 940 9.48
May v. 45 953 943 951
June . . •• 9.31 940 0.2 y q3B
Jnly 9-28 9.40 925 9-38
August uon 907 8.99 9.05
September 8-41 £ "’g 2'il 8-4“<
(•ctober*.... .... 8 U R-30 8-24 8.28
November • 8-15 815 H. 15 5.15
December ... 815 8.15 815 815
Tne market, closed steady
BARBEE & CO.
COMPARATIVE COTTON STATEMENT.
New York, Feb. 13.—For the week end
ing Friday, the 13th; Net receipts at all
U. S. ports during week 197,216; net re
ceipts at all U. S. ports same week last
year 157,849; total receipts since Sep
tember Ist 6,248,505, total receipts to
same date last year 6,138,125; exports for
the week 173.968; exports for same week
last year 184,529; total exports since Sep
tember Ist 4,660,102; total exports same
date last year 4,840.311; stock’ at all Uni
ttd States ports 940,617; stock at all
United States ports same time last year
lft(. 718; stock at all interior towns 392.-
330; stock at all interior towns same time
lai t year 568,335; stock at Liverpool 653,-
000- stock at Liverpool same time last
vear 1 054 000; stock of American afloat
for Great Britain 165.000; stock of Ameri
can afloat for Great Britain same ttm*
last year 211,000.
COTTON RECEDITS.
New York, Feb. 13.—The following are
the total net receipts of cotton at all
ports, since September Ist: Galveston
1.755,861; New Orleans 1,7.3,507; Mobile
182 618- Savannah 1.097,809; Charleston
201 189 Wilmington 301,374; NorfoHc 408 -
155; Baltimore 24,897; New York 41,594;
Boston 52,322; Newport News 12.907;
Philadelphia 17,275; Brunsmck
Fernandina 450: Pensacola. 116319; Port
Arthur 45*318j fort Jownaead 80,868; San
Demand for
Investments
is growing with the prosperity
of the country and a man of
character and ability can
secure ample rewards if he
has the ability to market such
securities. I want a few of
the best men obtainable for
this work.
In writing give age,
occupation and bank
references.
All letters treated as strictly confidential.
GEORGE T. DEXTER,
Superintendent of Domestic Agencies,
The Mutual Life Insurance Company of New York,
32 Nassau Street, New York, N. Y.
Francisco 20,881; Portland, Ore., 1,511.
total G,245,055 bales.
WEEKLY MOVEMENT.
New York, Feb. 13.—The following sta
tistic on the movement of cotton for the
week ending- February 13th were com
piled by tbo New York Cotton Exchange:
This Last
Year. Year.
Port receipts 197,533 1(50,411
Overland to mills and Can
ada 31,866 20,329
Southern mill takings (es
timated) 54,000 45,245
Gain of stock at interior
Towns 26,798 24,569
Brought into sight for the
Week 257,601 201.416
TOTAL CROP MOVEMENT.
Port Receipts 6,213,586 G,135,879
Overland to mills and
Canada 300.769 767,505
Southern mill takings
(Estimated) 1,200,000 1,084,880
Stock at interior towns
in excess of Septem
ber Ist 314,273 430,446
Brought into sight thus
far for season, 141
days this year, against
167 last year 8,588,578 8,419,010
For LaGrippe and Influenza
use CHENEY’S tXPECTO
RANT.
COTTON YARNS
Buckingham, Paulson & Go.
.Commission Merchants.
NEW YORK. PHILADELPHIA. CHICAGO
Solicit correspondence. We are prepared eo
n &/je orders for prompt, or future delivery for
k a • mbers of yarn to full advanced price,
*£.♦!< »J» *j» »J» *s^
I Want Your
1: House Moved ? ?
y
| THAT I DO. i
*> X
* 1*
£ And can alwavs serve t
£ promptly Write or tel- *
I egraph, *
| J. N. CREEL, I
t Dunn, N. C. %
❖ %
******** ‘♦'•V
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 follow*:
No. 50 NORTHBOUND.
1:20 a. m.—“SEABOARD EXPRESS”
Norfolk, Portsmouth, Richmond, Washing
ton, Baltimore, Philadelphia, New York,
Boston and ail points North, Northeast and
Northwest.
No. 38.
11:15 A. M. “SEABOARD LOCAL MAIL”
For ALL POINTS from Raleigh to Porlr
month, Norlina to Richmond; connects at
Henderson for Oxford and Weldon with A
C. L.; at Portsmouth-Norfolk with ALI
STEAMERS for points North and Northeast.
No. 36.
11:50 A. M. “SEABOARD MAIL” FOR
Richmond, Washington, Baltimore, Phila
delphia, New York and Boston. Connects
at Richmond with C. & O. for Cincinnati,
Chicago and St. Louis; at Washington with
Pennsylvania and B. & O. for all points.
No. 57. SOUTHBOUND.
5:25 a. m.—"SEABOARD EXPRESS”
For Charlotte, Atlanta, Columbia, Charles
ton. f'avannah, Jacksonville, St. Augustine,
Tampa and all points South and Southwest.
No. 41.
4:00 p. m.—SEABOARD LOCAL MAIL
For Charlotte, Atlanta and all local points.
Connects at Atlanta for all points South
and Southwest.
No. 27.
6:27 p. m. —“SEABOARD MAIL” for
Southern Pities, Pinehurst, Atlanta, Colum
bia, Charleston, Savannah, Jacksonville,
Tampa and ail points South and Southwest.
Tickets on sale to all points. Pullman
berths reserved. Tickets delivered and bag
gage cheeked from Hotel and Residences
without extra charge at
Up-town Ticket Office
Yarborough Houae Building.
C. H. Gattis, C. T. and P. A.
'Phone* 117. Raleigh, N. C.
H. S.LEARD, T. P.,A. t
Rglelgbj N. ft
£tocks, Cotton, Grain
and Provisions.
Small accounts receive the
same careful attention as
large ones. All inquiries
promptly and cheerfully
answered.
TARRANT & KING.
•8 Broad Street, Morris Building,
NEW YORK.
Hugh M AcS?AE & Co.
RANKERS.
Miscellaneous iouther* Beeurttlss.
Cotton Mill Stocks
A SPECIALTY.
WILMINGTON, N. C
CAROLINA TRUST COMPANY,
RALEIGH, N. C,
Capita!, SIOO,OOO. out of Town Business
r ’ Solicited.
GENERAL BANKING—Money received 6n deposit, auhjeet to che’Jc.
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 beaeflt of
others.
FINANCIAL AGENT for floating Stocks and Bonds of Corporations.
Especial and separate arrangements and conveniences for gentlemen and lady customer*.
OFFICERS.—W. IV. Mills, President; Leo. D. Heartt, Vice-President and General Manager:
Robert C. Strong, Trust Officer and General Counsel; William Hayes, Cashier.
DIRECTORS.—James Webb. .J D.Riggan, Charles B. Hart, Alexander Webb, Julius Lewis.
Leo. D. Heartt, F. T. Ward, W. W. Mills, Mien J. Ruffin, W. C. Petty, P. R. Albright and
(Robert C Strong.
Offices in Carolina Trust Building, Raleigh, N. C.
Correspondence Solicited.
I Standard Grades. Use Black Elastic Roof
' ' p-ilnf
House Paint. Coach Paint. «,». • f • . .
Why use inferior paints
Floor Paint. Wagon Paint, when standard goods are
Rnnf Point so much cheaper in the
Koor la ‘ nt * long iun. Write to
Innumerable Shades, Color-cards for Tanner Paint & Oil Co., I
the asking. Cox 180, Richmond. Va.
mgmk perm use ,nsur4nce
W I CO. OF PHILA.,
fb p Assets Over $50,000,000.
Surplus Over b, 000,000.
.:. %’*. ' a Commenced doing Buslnes* in 1847; In North Caro-
Una lu 18 74.
The Best Company for the insured. There
fore the best for the agent.
Several Special Agents Wanted.
Most liberal contracts to deserving men.
Agents can do more business for TII E PENN than for any other company.
Ask Its 4,000 policy-holders in North Carolina, carrying over seven millions
of Insurance.
Gold Bonds, Endowments, Life. Ter m and all other approved policies at low
rates with large guarantees, and annual or deferred dividends.
R. B. RANEY, Gen. Agt. lor N. C., Raleigh, N. C.
Barbee & Company,
RALEIGH. DURHAM.
Members New rork Cotton Excnange.
Stocks, Cotton, Grain and Provisions.
Private wires ts New York and Chicago. Instantaneous gustatioaf, All
transactions made direct with Exchange. Market Information cheerfully given
by 'Phone, wire or mall. Intel-state and Bell 'Phones Ns. €7.
Bsrosv torus x jrijanuaMKss&s.- . -ut.j.n m-,
OAST jkj J I ■ Y
jgJZ. I i /iQRpUO i1 FARf ofTRd Ytb
ffte—
North jindSouth
Florida —— Cuba.
A passenger service unexcelled for luxury
and comfort, equipped with the latest Pullman
Dining, Sleeping and Thoroughfare Cars.
For rates, Schedule, Haps or any ioforma
tn, write to
WM J. CRAIG,
General Passenger Agent,
Wilmington, N. C.
«ÜbadIWrKV.TASI‘ ‘*>s77lAiSs, v 7r. VW.tUMKSI r.*T*XT -yyrTrywyrr-,» yrganH'W
Please Write.—— We are Independent of any Monopoly.
t
National Oil Company
NORF OLK, VA.
WHIN IN NEED OF OILS OR GREASES OF ANY KIND FOR ANY PURPOM
We SELL—Cylinder oil, valve oil, engine oil, dynamo oil, loom oil, spindle
ell, machine ell. harvester oil, cotton gin oil, car oil, floor oil, signal oil, belt
oil, castor oil, harness oil, cup grease, axle grease, car grease, belt grease. Coal
tar, roof paint. Oil and gasoline tanks.
Prices and samples gladly furnished for the asking.
Works: Henry Street and N. ft W. R. R.» Lambert’! Feint Track. Norfofl*
YA‘l Q* ®SE in*, .vi.— ** "■
SaHHiW ~
ESTABLISHED IN 1872.
HENRY BEER, BERTRAND BUS.
EDGAR H. BRIGHT.
H. & B. BEER,
Cotton Merchants.
NEW ORLEANS.
MEMBERS OF: New Orleans CottoE
xchange, Now York Cotton Xxck&nge,
and Associate Member* Liverpool Cotton
Association.
Special attention given ts the execution
of contracts for future delivery in cotton.
Jacob Berry & Co.
MEMBERS I S 0 Btc-ik Exchange
t i>. Y- Produce Exchange,
Stocks, Bondr. Crain Cotton.
Established 161 C,
44 Ersadway, New York,
SOI Main ft., Durham, N. B,
Phlla. Office, Drexel Building,
Telephone No. 7. Send for market ettera
and pamphlet. Prompt aervlc* on all bust*
ness.
7