Trading in the cotton market was early inactive with interest centred on the Tax Bill developments at Washington, and traders were inclined to await President Roosevelt's message tomorrow. Finally, the market eased on liquidation but closed steady, with quotations ranging from 5 to 6 points down, Prices in the rubber market early responded to higher cables and commission house demands. Subsequently, the market became irregularly steady, under the influence of stocks, Sellers, however, were reluctant at the decline. Finally, prices again firmed on factory buying. At the last call-over, gains of 31 to 36 points were recorded.
In the Chicago wheat pit, less favourable crop advices, the reported reduction of the Saskatchewan acreage and fair overseas sales resulted in early steadiness. Towards ihe close, prices reacted on reports Of beneficial rains in Europe and increased Canadian marketings, At the final bell, losses of % to % of a cent were registered.
The sugar market early advanced on Cuban, producer and new buying, covering, the early absence of pressure and the firmness of London advices. Later, the market partially reacted on realising. At the close, quotations were from unchanged to 1% points up.
Despite unencouraging cables, the silk market advanced on a broadening commission house demand and further buying accredited to arbitra-gaurs, which readily absorbed mixed offerings, Finally, prices became irregular on importer pressure. Clos-94% ing quotations were from 1% to 3% cents up.
New York Cotton New York Rubber May 855-65 May 1225-29 +32 July 831-1 July 1246-46 +31 Oct. 830-81 Sept. 1263-65 +33 Dec. 883-83 Dec. 1232B-84A +36 Jan. 885-85 Mar. 890-90
New York Sugar No, 4 Sept. 0952-96 +1
Text read from the printed page and cleaned; old type leaves the occasional error.