The Archive · 1938

U.S. COMMODITIES Monday's Closing Quotations

New York, Mar. 7.

The cotton market early declined with Liverpool and Bombay cables. Later, there was some trade price-fixing and scattered buying, and the market ruled quiet but steady on the scale-down. New interest was lacking, as traders are still awaiting an interpretation to the Smith amendment to the Farm Bill. Finally, the market partially advanced on some new buying and closed steady, with quotations ranging from 2 to 4 points down.

After being steady, the rubber market closed quiet and dull, owing to a lack of interest, commission house liquidation and increased stocks in the United Kingdom. At the last call-over, prices ranged from 1 point up to 5 points down.

Wheat prices in Chicago eased moderately towards the close on lower foreign advices, liquidation and the business of the stock market: At the final bell, losses of ¥ to 36 of a cent. were registered.

New York Cotton New York Rubber May—910-121—May 1455-58—05 July 917-17—03 Oct—929-20—2 July 14.06-06—04 Dec. 925-6—04 Sept.

ETE

Jan,—928N—03 Dec.

New York Sugar No.4 New York Silk Sept, 105-06—l'? Mar. 159-591

B/A B/A

Text read from the printed page and cleaned; old type leaves the occasional error.

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