New York, Sept. 17.
The cotton market offered stiff opposition to Southern hedge and Japanese selling pressure. Domestic sales of cotton goods have increased, and were responsible for the slightly bullish effect on the market. Subsequently, the trade absorbed selling on the scale-down. At the close, quotations were from 4 to 6 points down from yesterday's close.
Prices in the Chicago wheat pit responded to the strength of foreign markets, and the upward movement was accentuated by reports that recent rains received in Argentina were insufficient. A moderate improvement een in the foreign demand. Some realising, however, appeared towards the final stages of trading, At the final bell gains from 114 to'1% cents were recorded.
Rubber prices declined to-day in sympathy with the easiness of Singapore quotations, an estimate indicating very heavy shipments of rubber from Malaya during September and commission house liquida-"tion, Factories, however, bought on the decline. Closing quotations were from 10 to 16 points below the previous final levels, Reflecting an improved technical position and a steady London market, sugar prices here moved higher to-day. Producers bought, Final quotations showed gains of 1 point from yesterday.
Steady conditions prevailed in the silk market and prices finished from 1 to 2 cents above yesterday's levels on importers covering and specula-tivo buying in sympathy with primary markets. The underlying financial and political uncertainty snd the quietness of the spot market during major military operations in the Far East were restraining factors.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.