New York, Sept 8.
The cotton market opened steady on trade covering and speculative interest in longs being well liquidate ed. Later, prices declined on the trade generally taking a bearish view of the crop figures, which checked buying, and the market finally closed barely steady with quotations ranging from 13 to 21 points down.
In the rubber market a new high movement for the season was feached under the leadership of shorts covering. Foreign dealers found offerings very light, while some factory interest was reported. At the last call-over gains of 21 to 29 points were recorded.
Wheat prices in Chicago were early under the influence of the European situation and For Eastern develop-but the strength of other kets prompted covering. Later, prices declined on the failure of foreign demand to develop, improved Southern Hemisphere prospects and realizing. At the final bell, prices ranged from unchanged to % of a cent down.
The sugar market, advanced on producer, foreign and speculative buying and covering, owing to the unsettled foreign political situation, light offerings and the firmness of London advices. Closing quotations were from 3 to 3% points up.
With Japanese markets not fully reflecting yesterday's local easiness, the silk prices steadied on trade and shorts interests readily absorbing commission house selling. which was attributed chiefly to European accounts. At the close, quotations ranged from 1 to 1% cents up—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.