New York, Feb. 18. The cotton market early advanced on substantially higher cables, covering, general buying and the early strength of the stock market. Later, prices partially reacted on increased hedging and profit-taking. Finally, the market declined further on liquidation and closed easy, with quotations ranging from 6 to 13 points down, After being firm, prices in the rubber market lost ground rapidly following President Roose-volts price structure statement. Liquidation, profit-taking and realizing were much in evidence, and entirely erased the earlier gains. At the last call-over, losses of 4 to 8 points were recorded, Towards the close, the wheat market in Chicago slumped in sympathy with other major commodities, assisted in its downward path by liquidation, favourable weather reports and a poor export demand. At the final bell, losses of 1% to 2% cents were registered.
New York Cotton New York Rubber
Text read from the printed page and cleaned; old type leaves the occasional error.