Yesterday's recovery on the Stock Exchange was extended today when mild buying disclosed scanty offer-ngs. Experts said that the collapse ut the French strike aided the rise, sugars ruled strong on the proposed tariff adjustments and quota revision of Cuban sugars. Electricity production has gained, whilst "Iron Age" said that there were indications of an upward trend in steel ever, "wildcat" automobile strikes are causing uneasiness.
New York, Nov. 30.
The cotton market was early narrow, with higher Liverpool cables and covering operations being partially offset by liquidation. Later, prices again advanced on the firmness of Wall Street, trade and foreign buying. Finally, the market closed fairly active and very steady, with quotations ranging from 2 to 4 points Prices in the rubber market today opened quietly higher, influenced by the firmer trend of Wall Street and moderate commission house buying. Later, the market further hardened on foreign, dealer and renewed trade buying. Switching was well absorbed. At the last call over, gains of 29 to 31 points were recorded.
Wheat prices in Chicago steadily lost ground under pressure of liquidation, lower Liverpool advices, professional selling and indifferent foreign marke. At the final bell, losses of of a cent were registered.
New York Cotton New York Rubber 404 Dec. 16.07-07 190 Jan. 1605-07
846-46 827-27 +04 Mar.
16.06-07
801-02 +02 May 15.06-08
Text read from the printed page and cleaned; old type leaves the occasional error.