New York, Apr. 1.
Trading in the cotton market was early inactive, with operators awaiting a new incentive. Prices advanced on a firmer stock market which discouraged liquidation, and, with no hedge pressure, contracts were not plentiful. Finally, the market eased on local liquidation and closed steady, with quotations ranging from 1 point up to 6 points down.
Prices in the rubber market to-day rallied briskly on steadier London and Singapore markets, the improvement in Wall Street, shorts covering, stop-loss orders, moderate fresh commission house buying and some demand from factories. At the last call-over, gains of 60 to 64 points were recorded.
Wheat prices in Chicago early advanced on the unexpected upturn of Liverpool advices, the better tone of Wall Street, a cold wave in southwestern areas which induced covering and a moderate overseas interest. Australian dry weather complaints also aided the advance. Towards the close, the market partially eased on realizing. At the final bell, gains of to a 1 cent were registered.
The sugar market early advanced on Cuban and producer buying on steady opening London advices, which met with commission house and operator selling and liquidation due to reactionary London cables and a poor demand. At the close, quotations were from a ¥% point up to 1 point down.
Prices in the silk market advanced on the steadiness of cables in the face of yesterday's local react encouraging domestic March statistics, the improvement in securities which induced covering and dealer and Japanese buying which offset scattered selling. Closing quotations were from 2!5 to 3% points up. New York Cotton New York Rubber May 857-57—06 M 8.78-78—05 July 863-04—06 May 1097 N +64 Oct. &7I-71 unc. July - 1100-09 -+64 Dec. 842-72 unc. Sept. 1120-23 +60 Jan. 874 N +01 Dec. 1144-46 +64
New York Sugar No.
New York Silk Sept, 10112-02 une.
May 14515446 4315
Chicago Wheat Chicago Corn May 52, 495 May 6114-6154 July 8175-813, +% July 6214-62!
Winnipeg Wheat Montreal Silver May 12155-12144, May 4005-250 405
Text read from the printed page and cleaned; old type leaves the occasional error.