New York, Nov. 6.
The cotton market was early inactive and prices declined on lower Liverpool advices and the continued strength of foreign exchange. The undertone was steady in the absence of hedge pressure, with the trade the principal buyer. Finally, the market declined in sympathy with the stock market but met with covering and closed steady, with quotations ranging from 4 to 9 points down.
After reflecting disappointing cables the rubber market closed dull on liquidation, the easiness of the stock market and commission houses selling, At the last call-over losses of 27 to 31 points were recorded.
Wheat prices in Chicago sagged on liquidation, the easiness of securities, weak foreign markets and the absence of incentives. At the final bell, losses of 2% to 2% cents were registered.
Generally quiet but steady conditions prevailed in the sugar market to-day's trading, quotations were from a 34 to 1% points up.
Coffee futures reached an all time low on Brazilian liquidation and other selling, due to reports that the Brazilian Government will ask Congress to ratify the export tax reduction. Santos coffee opened at 18/25 points lower and closed from 9/35 points lower, while Rio coffee opened from 23 points lower and closed from two points higher to four points lower, compared with the previous markets, New York Cotton New York Rubber Dec. 7,70-710—0} Dec. 14.45 B—7t 768-0—0 Mar. 1459-00—31 Mar.—775-15—04 May—1400-06—29 May—730]—04 July—1473-4—3l July—784-85—05 B/A Oct.—794-94—06
New York Sugar No. 4 New York Silk Mar. 1105-1 +i} Sept, 1161-10, B/A, Mar. Closed.
Chicago Wheat Chicago Corn Des. 8605-96—2% Dec. 5514-55% May 859-801—214 May 5114-51%—'3
Winnipeg Wheat Montreal Silver Dec10095-10064—155 Mar. 43.90-4.50—05 May1045-10455—1 B/A
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