New York, Apr. 27.
The cotton market early advanced on the firmness of May option with only four notices issued, a firmer stocks market and an unfavourable weekly weather report. Foreign orders were mostly on the buying side. Finally, the market advanced further on covering and closed very steady. with quotations ranging from 9 to 14 points up.
Prices in the rubber market steadied-up in sympathy with London advices, shorts covering, commission house demand and arbitrage buying which absorbed dealer selhag against Far Eastern offerings d switching. At the last call-over, gains of 5 to 7 points were recorded.
Wheat prices in Chicago early declined on disappointing cables, limited export demand, beneficial overnight rains and a favourable weekly weather report. Later, ihe market steadied under the leadership of Winnipeg and fears of the spread of rust damage in the American south-west. Oklahoma reports indicate that the crop will be reduced by 24000000 bushels, owing damage. lly, the market eased on the renewal. of liquid At the final bell, losses f 31 to "& of a cent were registered.
The sugar market early advanced on active Cuban, producer, new and speculative buying and covering, in response to firm opening London advices. Later, prices reacted on liquidation, hedging, easier closing London cables and the absence of any important developments at the International Council meeting so far. Fifty May option notices will be issued tomorrow. At the ' close, quotations were from 2% to 3 points down.
Conditions in the silk market today early ruled irregular, with some commission house liquidation due to unencouraging cables being absorbed by mixed buying. Latterly, the market became very quiet. Closing quotations were from unchanged to 1% cents down.
New York Cotton May 2344 4 July 890-99 Oct. 299-99
New York Rubber Mar. 910-10 412 May 1182-83 -+07 July 11.97B-99A -+5
Dec. 901-02 +10 Sept. 1217-17 +05 Jan. 9.93N, +09 Dec, New York Sugar No,4 New York Silk Sept. 0902-96—3 May 151B-32A
Text read from the printed page and cleaned; old type leaves the occasional error.