New York, July 28.
The cotton market was) early moderately active, and brites declined on the failure of Liverpool to follow Tuesday's advance, continued favourable weather and crop advices and liquidation by recent reactionary buyers. Towards the close the market drifted with the news, but the constructive nature of buyers was timid, and prices finally closed steady ranging from 12 to 15 points down compared with the previous final levels.
The rubber market ruled easier on trading but advanced with London and a further increase on the estimate of mill shipments which was offset by the firmness of Singapore, foreign and dealer selling, liquidation and hedging. A moderate diversified demand was maintained. At the last call-over losses of 9 to 12 points were recorded.
On the Chicago wheat market July option ruled erratic, but futures were steady with gables, a good cash and mill absorption and bullish southern hemisphere crop and weather advices. Later, prices partially reacted on hedging and selling. At the final bell, prices ranged from % to 2 cents down, The sugar market early advanced on commission house buying which met with trade selling, liquidation and hedging, reflecting the irregularity of London advices and an absence of demand. At the close, No. 4 contract ranged from unchanged to a 1% point down.
After irregularity, the silk market eased on the disturbing Sino-Japanese situation, an unfavourable interpretation of the Japanese cocoon stocks at the end of June, a relatively poor domestic consumption for July, liquidation and switching. At the close, quotations were from 2 to 3 cents down.
New York Cotton New York Rubber Oct.
Dec.
Mar. May 1869N.—10 Jan
May New York Sugar New York Silk Sept. 253B-MA +3 Sept. 182-82—2
Chicago Wheat Chicago Corn july 124-126%-1112 (New Contr.) Sept.11855-118352134 July 10015-1000,—2 Dec. 12039-12014 115 Sept. Makia Dec. 72-12—1%
Winnipeg Wheat Montreal Silver Oct. 13214-13214-+-16 Sept. 4460-500 unc.
Text read from the printed page and cleaned; old type leaves the occasional error.