New York, July 28.
Prices in the cotton market early declined on Liverpool cables and very favourable weather reports, combined with moderate hedging and Liverpool selling. Later, the market reacted partially on the renewed strength of the stock market, which prompted local and New Orleans buying. Finally, prices again declined on liquidation and closed barely steady, with quotations ranging from 9 to 11 points down.
The rubber market early eased on unencouraging cables and commission house selling which, however, was absorbed by shorts. and; he trade. Later, prices steadied irregularly in sympathy with securities. At the last call-over, quotations ranged from 1 point down to 2 points up.
Conditions in the Chicago Wheat Pit were early quiet and narrow, but later prices advanced on the firmness of Liverpool advices, dry weather reports from Canada and expectations of lower yields in North Dakota which induced mill and exporter buying. Finally, the market eased on hedging, reports of showers in the north-west and the steadily increasing Spring wheat movement. At the final bell, quotations ranged from unchanged to % of a cent down.
The sugar market early advanced on trade and foreign buying and covering, but then eased on Cuban, Wall Street and commission house selling, tired long liquidation, hedge ing and the quietness of London advices. At the close, quotations ranged from a 1 point down to a point up.
Prices in the silk market steadied, after early irregularity, with traders generally disposed to await fresh developments in actuals and other markets. The average estimate of deliveries during July totalled 33,950 bales. Finally, the market steadied up in sympathy with stocks. Closing quotations were from 1 to 3 cents up.
New York Cotton New York Rubber Oct. 857-57—09 Sept. 1630-32 unc. Dec. 865-65—09 B/A Jan. 861-67—09 Dec. 1642-42 unc. Mar. 871-71—l0Jan. 1643 M—02 May 8174-75—10 Mar. 1647-48 +01 July 816-76—11
New York Sugar No.4—New York Silk Sept. 0.99-9915 une. Sept. 133-75 +114
B/A B/A
Text read from the printed page and cleaned; old type leaves the occasional error.