New York, Nov. 19.
The cotton market early advanced on trade and speculative buying, but later declined on liquidation, lower Liverpool advices and profit-taking. Finally, the market further eased on renewed liquidation and Southern hedge-selling but closed steady, with quotations ranging from unchanged to 4 points down.
Prices in the rubber market steadied with London advices and ¡light mixed trading. Commission houses bought on balance, while there was also some trade buying. At the last call over, gains of 7 to 16 points were recorded.
"Wheat prices in Chicago were early under pressure of December liquidation, with the market displaying feeble rallying power relative to the easiness of Liverpool advices, enlarged Argentine crop ideas, the flow of European demand being larger than normal and speculative open interest being concentrated on the long side. At the final bell, losses of % to 1 cent were registered.
The sugar market closed quiet, with scattered covering operations on steady London advices meeting with liquidation. Closing quotations were from a % to 1 point down.
New York Cotton New York Rubber Dec, 859-59—O1Dec, 1605-09 +13) Jan. 849 N—04 B/A Mar. 842-42—03 Jan, 1600-00 +07 May 823-23—04 Mar, 1604-08 +10 July 803-03—04 May 16.04-05 +16 Oct. 715-5 une.
Text read from the printed page and cleaned; old type leaves the occasional error.