New York, Apr. 6.
Trading in the cotton market was early inactive and prices declined on Liverpool and Bombay cables, foreign selling, liquidation on the general heaviness of other markets and Wall Street liquidation. Finally, the market closed barely steady, with quotations ranging from 6 to 7 points down, Prices in the rubber market today closed irregular, on the disappointing action of securities. The market was also influenced by offerings from London and Singapore and nervous long liquidation, but steadied-up on local covering. At the last call-over, gains of 8 to 11 points were recorded.
Wheat prices in Chicago early quietly declined on liquidation, due to American and Canadian ' crop weather reports, the continued easiness of securities, the lack of overseas interest and a disappointing domestic demand, Finally, support developed on the theory that a recovery is overdue. At the final bell, losses of %4 to *2 cent were registered.
The sugar market declined on Cuban and foreign selling and liquidation on easier London advices, but later rallied partially on local covering which met with renewed Cuban selling. At the close, quotations were from 1%: to 2!2 points down, In the silk market, reports of good movement in broad silks were encouraging, but traders were hesitant due to the uncertainty of other markets, Business consisted chiefly of switching, Closing quotations were from a % cent down to 1 cent New York Cotton New York Rubber May 847-47—06 Mar. 8.69N.—07 May 11.09-10 -+09 Oct.
July 1126-29 411 Sept. 11.
Jan. Dec. 1161-61
New York Sugar No,4, New York Silk Sept. 097-971%—2 May 14614-461%
Chicago Wheat Chicago Corn May 8114-81%—12 July 79-7914 14
May 5934-59% -+1 July 6116-6114 Hie Winnipeg Wheat Montreal Silver May 40.85-2.40 -25
Text read from the printed page and cleaned; old type leaves the occasional error.