New York, Apr. 19.
The cotton market early declined on Liverpool and Bombay cables, liquidation of May and foreign selling. Later, prices steadied up on a scarcity of contracts and Bombay buying of March. Trade interests absorbed May liquidation, with considerable exchanging of May to later months in evidence. Finally, the market reacted further in pathy with outside markets, with quotations ruling from. 13 to 15 points down at the close compared with yesterday.
Disappointing Singapore and London cables and aggressive profit-taking imparted weakness to the rubber market at the outset. Later, the market turned irregular, with losses being recovered somewhat. At the last call-over, quotations ronged from 26 to 40 points down compared with the previous day.
Chicago wheat prices early moved lower on disappointing cables, beneficial rains in parts of Australia and additional showers over the Spring wheat belt. Later, the market rallied on covering, the strength of Winnipeg and unfavourable weather advices from Kansas and Nebraska.
Finally, prices once again reacted on lack of export interest, beneficial rains in France and Italy and increased professional pressure. At the final bell, losses from %2 to of a cent, were registered.
In the sugar market commission house and foreign buying on steadier London cables absorbed scattered producer selling. At the close, No. 4 contract showed gains of point.
Sit prices eased on unencouraging ci ies, with selling accredited chiefly to Japanese accounts. The trade, however, absorbed nears which commission houses were selling. At the end of the day's trading, quotations were from 1": to 3'z cents lower from yesterday.
New York Cotton New York Rubber May 882-82—15 Mar. 96-00—14 July 888-90 15 May 1244-46 Oct. 898-98—13 July 1260-60—40 Dec, 9,00-00—13 Sept, 12.79-80—26 Jan. 901-01—15 Dec. 1293-98—38
New York Sugar No,4 New York Silk Sept. 091-98 +s May 15214-53141
B/A B/A
Text read from the printed page and cleaned; old type leaves the occasional error.