New York, Oct. 29.
Trading in the cotton market today was inactive, and price fluctuations were narrow. Values early declined on overnight hedging and Southern selling, which met a poor demand. Later, the market rallied on local and moderate commission house buying, prompted largely by the strength of the stock market. Closing quotations were steady, ranging from 1 point down to 1 point up compáred with the previous final levels.
Rubber prices finished higher today after a lower opening, on buying by factory and, dealer interests. At the last call-over gains from 14 to 22 points were recorded.
Under the influence of weak foreign markets, Chicago wheat prices moved lower to-day, owing to reports of an increase in the Argentine acreage. A report from Buenos Aires states that the Government has for-hidden the exportation of wheat and flour until further notice, pending the arrival of new wheat in the market, in view of: 1) The unusual rise of bread prices, which is partly attributed to speculation; 2) An official estimate on October 23 places the stock of old wheat at only 184,000 tons, which will now be needed for internal consumption. At the final bell, quotations were from % to % of a cent down.
Quieter conditions prevailed in the sugar market, though the undertone was firm. At the end of the day's irading, quotations were from unchanged to a point up from yesterday.
There was a light demand for nears in the silk market to-day, influenced by the action of the stock market. Interest, however, was rather slack. Offerings were scarce. At the close, quotations were from % to 4% cents above yesterday's levels.
New York Cotton New York Rubber Dec. 812-12—01 Dec. 1550-50 +20 Mar. 1553-56114 May 15.84-65 117 July 1572-72 422
81717
New York Sugar No. 4 Mar. 1.121215 +44 B/A Dec. Sept.
1475-19 unc.
New York Silk 1.64-65 44%
Chicago Wheat Dec. 96-961 May 9514-95
Chicago Corn Winnipeg, Wheat
Text read from the printed page and cleaned; old type leaves the occasional error.