New York, Apr. 23.
The cotton market early declined on disappointing cables, which largely influenced liquidation and exchanging, and the market further ceased with stocks, but later rallied on Bombay switching to later months. Finally, the market closed steady, with quotations ranging from 2 to 4 points down.
After early steadiness, prices in the rubber market today became mildly reactionary on nervous selling, the threatening strike in the motor industry and an easier stock market. At the last call-over, losses of 14 to 16 points were recorded, Wheat prices in Chicago early declined on the smallness of the export demand, indications that the drought in Western Europe may break up shortly, a forecast of unsettled weekend weather in the United States and the Department of Agriculture' belief that the estimate of winter wheat production on May 1 will amount to 750,000,000 bushels. Later, prices rallied on covering, the lightness of offerings and reports of dust storms in parts of Kansas and the Dakotas. At the final bell, losses of to % of a cent were registered.
After being steady, the sugar market reacted on liquidation, foreign selling and the absence of new developments, as well as the decline in Number three contract prices due to the easiness of the spot market. Finally, prices rallied on week-end covering. At the close, quotations were from unchanged to 1 point up.
New York Cotton New York Rubber May 1263-63—14 July 12,79-80 Oct. 904-05—03 Sepi. 1 16 Dec, 907-01—t4 Dee. 1; Jan, 910-10—03
Mar, 9.16-16—02
New York Silk Chicago Wheat Chicago Corn May aot July 86-01 Tuly 6
Winnipeg Wheat Montreal Silver New York, Apr. 23.
Stock prices on Wall Street today were mostly about 1 point lower, with traders inclined to await the final passage of the tax measure. Government bonds lost their rising vigour, while business news is still uninspiring. The sentiment of steel markets is at present somewhat better, but steels were moderately under pressure. Meanwhile, coppers are still viewed bullishly. The belief prevails that the market is in a posi tion readily to respond to any improvement in business. The turnover today amounted to 410,000 shares.
Text read from the printed page and cleaned; old type leaves the occasional error.