Monday's Closing Quotations New York, Sept. 13.
Cotton prices early declined slowly on the continuous flow of Southern hedge selling, liquidation and some foreign selling owing to indifferent Liverpool cables. Later, scale-down trade price-fixing offered considerable resistance, while some foreign buying on differences and covering developed, At the close quotations were steady ranging from 12 te 15 points below Saturday's levels.
The rubber market early advanced on the firmness of London advices and commission house demand. Later, prices broke sharply owing to the weakness of the securities market, liquidation and uncovering of stop-loss orders. At the last call-over, losses from 38 to 46 points were registered.
After being steady, prices in the Chicago wheat pit declined to new low levels on liquidation, the weakness of securities, the continued indifference of foreign interests, a more favourable political outlook and increase in the visible supply. At the final bell, declines of 1% to 2% cents were recorded.
Sugar prices moved lower to-day on liquidation and commission house, Cuban and outside selling on easier London advices, There was, however, some producers and Eurogcen buying on the scale-down. Closing quotations were from unchanged to a point lower.
Firmer cables induced fair covering and commission house demand in the silk market earlier in the day. Latterly, prices declined on the weakness of the stock market and moderate liquidation which trade shorts absorbed on the scale-down.
At the end of the day's trading, quotations showed declines from 1 to 2 cents below Saturday's final
Text read from the printed page and cleaned; old type leaves the occasional error.