New York, Aug. 14 The cotton market early advanced on renewed active foreign, trade and local buying and covering on assurances of a crop loan, the exact terms of which are eagerly awaited. The firmness of Liverpool advices and reports of marked deterioration of the Texas crop due to excessive head, coupled with reports of a 20 per cent. reduction in the Brazilian, crop from the earlier estimates, also attracted attention. Later, the market- reacted partially on hedging and Wall Street selling and closed barely steady, with quotations ranging from 3 points down to 6 points up.
Wheat prices in Chicago declined owing to a lack of leadership professional selling. the easiness of cables, a forecast of rains in the Argentine, small foreign interest and prospects of an increase in the visible supply. At the final bell, losses of to 1 cent were recorded.—Reuter.
New York Cotton New York Rubber Oct. 1044-45 01 Dec. 1040-40—02 Jan. 10.4444 Mar. _10.58-3240r° May 10.36-56 +01 July 10.62-62 +06
New York Sugar New York Silk Closed. Closed.
Text read from the printed page and cleaned; old type leaves the occasional error.