New York, Aug. 31.
Trading in the cotton market was very inactive, aside from early foreign buying and trade price-fixing, and prices later declined on the issuance of crop estimates, moderate hedging operations and local selling. i; Finally, the market closed barely steady, with quotations ranging from 9 to 11 points down.
In the rubber market, trade interests absorbed dealer offerings and scattered realizing. At the last call-
Over, gains of 5 to 6 points wace recorded.
Wheat prices in Chicago early sagged on increasing competition among exporting countries, the easiness of Winnipeg and Liverpool advices and an improved European outlook. Finally, the market recovered on expectations of a smaller Spring wheat estimate and the removal of hedges against cash sales to the Government. At the final bell, gains of of a cent were registered, The sugar market early advanced on commission hoüse buying and covering which absorbed liquidation and hedge selling. The steadiness of London cables and the prompt stoppage of notices were additional favourable factors. At the close, quotations were from a % to 1 point up.
Prices in the silk market today ruled steady, but interest was at a low-ebb owing to the quietness of the spot market and the European uncer-fainties. Closing quotations were from unchanged to a 14 point down.
New York Cotton New York Rubber 823-24 Sept 1630-36 +05
~il Dec.
10
—09 Jan.
—10 Mar.
New York Sugar No.4 New York Silk Sept. 1913-02 +1 Sept. 171-72 unc.
B/A B/A
Text read from the printed page and cleaned; old type leaves the occasional error.