In the cotton market there was New York, Mar. 17.
early feverish last minute evening up operations before the issuance of March notices. Business was largely of foreign origin, with Liverpool, Japan and the Continent on both sides of the market. Later, there was increased hedge-selling and nervous long liquidation on the upturn, with local and trade buying on set-backs. Finally, the market declined further on local and New Orleans selling on the easiness of the stock market, and closed barely steady, with quotations ranging from 2 to 6 points down.
Prices in the rubber market early steadied-up on the improvement in Wall Street and local buying, but later receded on the heaviness of securities, Towards the close prices further declined on local reselling and some commission house liquidation. At the last call-over, losses of 6 to 9 points were recorded.
Less tension was evident in the Chicago Wheat Pit over the European political situation, and prices early declined on weaker Liverpool advices, the slowness of foreign demand and the invasion of professional seiling and liquidation. Later, the market partially recovered on reports of winds and dust storms over Kansas and the upturn of the Winnipeg market. At the final bell, losses of % to % of a cent were registered, In the sugar market, prices advanced on European producer buying, covering on the firmness of London advices and continued nervousness over the European political situation. Closing quotations were from a % to 1 cent up.
Silk prices to-day early responded to the firmness of the stock market, but later eased in sympathy with Wall Street, importer and commission house offering. There was also scattered buying and selling operations, accredited to European accounts, Of the close, quotations were from unchanged, to 1 cent up.
New York Cotton New York Rubber May July Oct.
Dec.
Jan.
889-09—04 May 1413-15—06
894-94—02 B/A
8.99-9.00—04 July 1420-23—09 90-00—03 Sept. 14:4B—09 901-0]—06 Dec. 1451-32—08
Text read from the printed page and cleaned; old type leaves the occasional error.