New York, Mar. 25.
Cotton prices early advanced 00 general buying and shorts covering but later reacted partially bu. weakness of securities to close with quotations ranging from points up from the previous final
levels. i Firm conditions prevailed in the rubber market at the outset on better cables, and shorts covering under the gables and foreign. dealers, coupled with the re] that London expects beg: t from the forth-piis g of the International Rubber Regulation Committee next week, Later, prices partially reacted gri the fresh weakness of Wall Street. At the last call-over, gains from 15 1o 20 points were recorded.
A higher opening was witnessed in the Chicago Wheat Pit on favourable cables, let-up of Australian pressure abroad and reports of a dust storm in Kansas. Subsequently, however, the market reacted sharply on the action of securities and a forecast indicating showers over wide areas in the grain belt. At the final bell quotations ranged from % of a cent to one cent down from yesterday.
After advancing moderately on steady London advices, sugar prices here further improved on broad general buying on the report that the next meeting of the International Sugar Council will be held on April 27 and that quotas for the current year have already been reduced from 3,611,000 to 3,508,000 metric tons, At the end of the day's trading, gains from 2 to 4 points were registered.
In the silk market to-day narrow buying was accredited to the trade, whilst nese interests absorbed active liquidation, with sales of 50 lots for July a tributed to a foreign account, The weakness of the stock market was a depressing influence. At the close, quotations ranged from unchanged to 1% cents down.
New York Cotton New York Rubber 851-61 +06 May 1304 B +15 872-73 405 July 1319-20 +19 328-19 405 Sept. 1330-1 420 819-9 +04 Dec. 1348-50 +17 Jan. 881 N 405 Mar. 8.86 N +05
New York Sugar No. 4 "New York Silk Sept, 10314-04 -+4 Mar. 1.5215-53 unch.
B/A B/A
Text read from the printed page and cleaned; old type leaves the occasional error.