New York, Sept. 26.
The cotton market early declined on foreign arbitrageurs selling, nerve ous London advices and the weakness of sterling and the stock market.
Hedge selling was comparatively light, with sufficient supplies uncovered to offer resistance. Finally, the market fluctuated feverishly as Herr Hitler's speech progressed and closed barely steady, with quotations ranging from 6 to 11 points down.
Prices in the rubber market early declined on the weakness of cables and securities and liquidation under the leadership accredited to foreign dealers. Shorts and Akron interests were buying on the scale down. Towards the close the market rallied on the favourable interpretation placed on Herr Hitlers message. At the ast call over, losses of 16 to 34 points were recorded.
Wheat prices in Chicago early advanced on covering, speculative and Eastern buying and a firm Winnipeg market, Later, the market further advanced on general buying. At the final bell, gains of 1 to 1% cents were registered.
The sugar market advanced on firm overseas markets, the renewed political tension in Europe and dealers and commission house buying. At the close, quotations were from 3 to 3% points up.
Prices in the silk market closed weak in sympathy with Japan and Wall Street advices and - general liquidation, particularly by domestic and foreign speculators. Foreign demand was limited to buying on the scale down. Finally, the market steadied up on covering, importer buying and the early favourable interpretation placed on Herr Hitler's speech. Closing quotations were from 2% to 4% cents down.
New York Cotton New York Rubber!
Oct. 716-18—06 Dec. 15.98-6.01—16 Dec. 119-80—07 Jan. 1598B.—19 Jan. 719-19—O7 Mar. 1598-801—27 Mar. 7719-19—09 May 15.98-6.01—34 May 736-7—08 July 735-55
New York Sugar No. 4 New York Silk Mar. 1115-12 +31% Sept. 1.67-69—41;
B/A BA
May 1.4B-15A +3
Chicago Wheat Chicago Corn Dec. 6738-0715 +1% Dec. 5194-5134 May 67-88 +1 May S-a Winnipeg Wheat Montreal Silver
Text read from the printed page and cleaned; old type leaves the occasional error.