New York, Oct. 22.
Trading in the cotton market was early very inactive and in a deadlocked position, with a general absence of hedge-selling and buyers holding-off awaiting developments. Later, prices advanced on Liverpool cables and trade and foreign buying on the early firmness of the stock market and the more favourable foreign political situation, but then reacted on local and commission house liquidation. Finally, the market closed steady, with quotations ruling: from unchanged to 2 points up.
After early steadiness, the rubber market eased, despite the relaxation of Far Eastern pressure, on dealer selling which found buyers more caus tious due to an inventory shut-down by a large tyre manufacturer. Towards the close, the market steadied on shorts covering. At the last call-over prices ranged from 6 points down to 3 points up.
After ruling quiet, wheat prices in Chicago eased under the leadership of professionals selling, a less active European demand, favourable conditions in the Southern Hemisphere and disappointing cables combined with the reactionary trend of securities. At the final bell, prices ranged from unchanged to % of a cent down.
The sugar market closed dull but steady, with prices early advancing On a little producer buying and scattered covering on steady London advices. Towards the close the market partially reacted on liquidation. At the close quotations were unchanged from yesterday.
With Japanese cables mixed and the movement of the stock market the dominating influence, the silk market, after steadiness, eased on nervous speculative and local selling. Finally, prices advanced on. shorts covering. Closing quotations were from unchanged to1 cent up.
New York Cotton New York Rubber Dec. 832-323-42 Dec. 1587 N—09 Jan.—830-30 F01 Mar. 1591-60—os Mar, 327-237 +02 May—1605-08 +01 May—827-28 402 July 1612 N +403 July—823-28 unc.
Oct.—838-38 +01
New York Sugar No. 4 New York Silk Mar,—113-14 unc.
1.60-60 unc. Sept.
1.194-20 unc.
B/A Dec.
Chicago Wheat Chicago Corn Dec. 99%-9914 unc. Dec. 60-6014 +34 May 9939-9954—% May 6134-613. +44
Winnipeg Wheat Montreal Silver Oct. 12634-126341% Mar.
400-50—10 22 Dec. 120% 120%
Bebia A Asked- Reuter
Text read from the printed page and cleaned; old type leaves the occasional error.