New York, Feb. 11.
Irregular conditions prevailed in the cotton market earlier in the session, with nears advancing on higher Liverpool advices, trade and general buying, whilst distants were subjected to some selling pressure. Later, a fair amount of switching of nears to distants balanced matters.
Closing quotations ranged from 2 to 6 points up from yesterday.
Featureless conditions were witnessed in the rubber market, with prices being pushed slightly higher at the outset, but later a reaction set in on profit-taking. At the close, losses from 5 to 7 points were recorded.
The weakness of foreign markets induced lower opening in the Chicago wheat market. Later, reports of slight moisture being received in the 7 south-west and a poor export demand lowered quotations slightly further. At the final bell, losses from % to 14 of a cent were registered.
New York Cotton New York Rubber Mar. 871-71 +02 Mar. May -82 +02 May July +05 July Oct.
Dec.
Jan.
1445-46—07 14.65-06—05
Text read from the printed page and cleaned; old type leaves the occasional error.