New York, Mar. 23.
The cotton market opened steady and advanced on trade buying and price fixing combined with moderately active covering, closing 1 to 3 Points above yesterday's close.
The market for raw rubber ruled firm on higher London cables and the improvement on Wall Street, closing at the day's best levels with prices ranging from 23 to 26 points &bove yesterday's final quotations.
Wheat futures in Chicago received on weak Winnipeg and Liverpool advices, finishing with net losses of to '4 cent per bushel.
New York Cotton New York Rubber May 819-20 402 May 1610-12 +26 July 799-800408 B/A Oct. 790-80 +01 July 1610-10 +26 Dec. 3155-55 +01 Sept. 16.10-12 +23 Jan. 754-54 401 Dee. 1610-12 +24 Mar. 757N +01
New York Sugar No. 4 New York Silk May 117-17%—3% B/A Mar. (No. 1 Con.) July 1175-18—;. 22B-BA +02
Chicago Wheat Chicago Corn Bank of England Returns London, Mar. 23.
The statement of the Bank of England for the week ended March 23. revealed an increase in public deposits by £18,070,000 to £ 28,600,000, While other deposits were lower by £14,100,000 to £127,920,000, including £92,210,000 from bankers and £35,- 710,000 from other accounts.
Government securities were listed at 99,410,000, representing an advance of £1880000 over the preceding week. Other securities amounted tu £25,610,000 compared with £23,410,000 the previous week. The former included £3,180,000 from discounts and advances and—£22430000 from securities.
Notes and coins amounted to £49,- 730000, showing a contraction of £110000 compared with last week, while total bullion increased £60,000 to 2221140000.
Notes in circulation were placed at 2471410000, registering an increase of £160,000 over inst week's Agure The proportion of reserve to ability was given as 31.77 per cent against 3266 per cent. last week.—Reuter.
RE
London Silver Market London, Mar. 23.
Messrs. Mocatta and Goldsmid, their weekly bullion letter, write The decline in the London silver market during the past week was due to unexpected offerings for near delivery, which induced Indian and American buying, with an engagement of silver for shipment to Bombay.
Available "spot" supplies have eased the position, so that the expected month-end bear squeeze is not likely to materialize, Stocks of silver in London at the end of. the; week totalled 3,000,000 fine ounces.—Reute: discouraging, but otherwise the state Of business in general continues to be considered healthy.
The "New York Times" composite business index was listed at 89.5. unchanged from last week, as compared with 79.2 for the corresponding period last year. Activity in the most important fields was reported as follows:
Previous Latest Steel Operations Carloadings (carloads) $92,000 505000 of capacity) $5.7 554 Electric Power Production (kw.hrs.) *2.23.000 *2225000
Average Daily Oil Production (bbls) Automobile Outpul (cars) Demand Deposits (dollars) Brokers' Loans (dollars) Goid Stocks (dollars)
*000 omitted.
Text read from the printed page and cleaned; old type leaves the occasional error.