New York, July 25.
Trading in the cotton market was early inactive and prices advanced on Liverpool cables, general rains in the cotton belt over the week-end, the strength of stocks and more evidences of business improvement.
nally, the market reacted on selling by early buyers and liquidation, closing barey steady, with quotations ranging from 5 to 8 points down.
Prices in the rubber market today touched new highs in sympathy with the recovery in London, the action of the stock market and a commission house demand. Orders readily absorbed profit-taking and dealer selling. Later, there was evening-up operations, prior to Tuesday's meeting of the International Rubber Regulation-Committee. At the last call-over, gains of 20 to 23 points were recorded.
Wheaț prices in Chicago registered new lows on hedge pressure, liquidation, the easiness of Liverpool advices, beneficial showers in Canada and the continued smallness of consumer demand. Buyers' confidence was lacking on prospects of a record world production and the heavy Spring wheat movement. At the final bell, losses of 1% to 1% cents were registered.
The sugar market early advanced on commission house and foreign buying, which met with profit-taking, hedging and liquidation, The trade is awaiting new developments. Finally, prices again advanced on scattered covering. At the close, quotations ranged from a % to 1 point up.
Despite the easiness prompted by the action of other markets, prices in the silk market today were encouraged by a commission house and speculative demand, which found offerings scarce, Closing quotations were from 1 to 3 cents up.
New York Cotton New York Rubber Oct. 427-71—o5 Sept. 1608-08 +23 Dec. 884-04—o7 Dee. 1615-20 +20 Jans G86N Lor Jan: 162321 123 Mar, 880-1 Los Mar. 1626-30 123 May 8.95-%—0 B/A July 900-09—06
New York Sugar No. 4 New York Silk Sept. 101-02 +14 Sept, 1745-77A 4 O02 +4 Sept, LIM-77A +1
Chicago Wheat Chicago Corn Dec. 70-70%—11F Dec. 5546-551140 Sept. 68-67%—115 Sept. 56%-56%—15)
Winnipeg Wheat Montreal Silver et. 15 Sei aná ijy Sept. 4840-00 +120 Bia Aal Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.