New York, Sept. 11
Trading in the cotton market was moderately active and orders early in the day were quiet evenly distributed between Southern selling, liquidation and domestic, foreign and trade buying. Later, however, the market eased on hedge selling and a forecast indicating more favourable weather. Closing quotations were barely steady, ranging from 6 to 10 points below the previous final levels.
Prices in the Chicago wheat pit touched new lows for the season on general liquidation, the easiness of Liverpool and Buenos Aires advices, reports that Italy is planning a wheat reserve, incorporating corn, wheat and flour, and the continued absence of foreign demand. Latterly, however, the firmness of securities was a steadying factor. At the final bell, losses from 2% to 2% cents were recorded.—Reuter, New York Cotton Winnipeg Wheat
Text read from the printed page and cleaned; old type leaves the occasional error.