The Archive · 1938

U.S. Commodities

Monday's Closing Quotations

New York, Sept. 19.

Prices in the cotton market early advanced on steadier Liverpool advices and a more favourable view of the European situation, although there were sufficient uncertainties to ji? check active buying. Operations consisted largely of domestic and foreign liquidation of October option and exchanging to later months, with spot houses the best buyers of [October cotton. Finally, the market Partially reacted on the resumption of October liquidation and generally favourable weather reports and closed barely steady, with quotations ranging from 4 to 9 points up.

The rubber market closed steady after early firmness, with London advices not reflecting the improvement in the European situation. Factories absorbed scattered offerings. At the last call over, quotations ranged from unchanged to 6 points Wheat prices in Chicago gradually moved down on heavy general selling, the decline in Liverpool and Rotterdam, the turn in the European tuation and a limited demand for North. Americans. The rallying power of the market was feeble. At the final bell, losses of 1% to 1% cents were registered, The sugar market declined on Cuban, commission house and local selling. liquidation, the improved European situation and easier London advices, Later, prices partially rallied on covering. Closing quotations were from unchanged to 1 point down, fading in the silk market-was inclined to be quiet, with operators generally adopting a cautious attitude. Sentiment, however, was bolstered by the strength of stocks, At the close, quotations ranged from a cent up.

New York Cotton New York Rubber +04 Dec, 1617-17 +04 +07 Jan. 16.19B-29A +02 +07 Mar. 1626-28 +06 +09 May 16.20-32 unch.

New York Sugar No. 4

Text read from the printed page and cleaned; old type leaves the occasional error.

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