New York, Oct. 19.
The cotton market early declined on foreign selling and light hedging. Later, quotations rallied on trade revising prices and New Orleans buying. Closing quotations were firm, ranging from 3 to 9 points up from the previous final levels.
Very steady conditions prevailed in the market for raw rubber futures, with prices early moving higher on overnight buying orders, speculative interest and shorts covering. Subsequently, the market further advanced on a continued good primary demand. At the final call-over, quotations were from 15 points down to 21 points up.
Trading in wheat futures on the Chicago Board of Trade was feature-Jess, with movements in values res-tracted to narrow limits. Quotations moved fractionally lower on some liquidation, while the continued unrelieved drought situation tended to hamper any serious unloading, The cash position weakened today. At the final bell, losses from % to cent. were recorded.—Reuter.
New York Cotton New York Rubber 86/10 com.
nA" ord, 51/3
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