New York, Feb. 21.
Early operations on the cotton market were marked by liquidation, but later the market became increasingly active on trade buying, switching and hedging to later months. Finally, the market advanced further on renewed trade and Wall Street buying and closed very steady, with quotations ranging from 13 to 18 points up.
The advance in the rubber market was largely influenced by the improvement in other markets, higher cables and trade and factory buying, coupled with commission house enquiries. At the last call-over, gains of 17 to 22 points were recorded.
Wheat prices in Chicago early declined on weak foreign markets, liquidation and favourable weather reports. Later, the market rallied moderately on an improved mill and export demand. At the final bell, losses of 14 of a cent were registered.
New York Cotton New York Rubber Mar. 913-14 413 Mar. 1509-09 419 May 924-24 i14 May 1525-25 +17
Jul
Text read from the printed page and cleaned; old type leaves the occasional error.