The Archive · 1938

Thursday's Closing Quotations

New York, Sept. 29.

The cotton market early advanced on the better political situation, a firm stock market, general buying and covering. Later, prices partially reacted on lower Liverpool advices and profit taking, especially of nears, but then hardened on bear covering. Finally, the market advanced further on Wall Street "ud foreign buying and closed very steady, with prices ranging from 2 points down to 13 points up.

After an irregular opening, prices in the rubber market steadied up, with optimism increasing in regard 1o the outcome of the Four-Power Conference. A mixed demand found offerings light. At the last call-over, Bains of 31 to 34 points were record-

Wheat prices in Chicago early declined on prospects of an amicable solution to the European controversy and the easiness of Liverpool and Winnipeg advices, which inspired moderate selling. At the same time there were indications that liquidation has been completed, but professional were withholding support pending news from Munich. The export demand was disappointing. Finally, the market advanced on covering. At the final bell, gains of 14 of a cent were registered.

The sugar market early advanced on commission house buying and covering on steady London advices which absorbed foreign selling and liquidation. The market, however, closed quiet, awaiting developments in Europe. "Closing quotations were from 1 to 2 points down.

Prices in the silk market today moved upward on the generally more cheerful European outlook. Trading, however, was quiet, with most operators awaiting the final decision from Munich. At the close, quotations ranged from 2 to 2% cents.

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

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