New York, Sept. 10.
The cotton market was early Inactive and lower, but again met with resistance near the recent lower level on Liverpool cables, hedge selling and liquidation being met by trade price-fixing and Liverpool and Bombay buying on differences. Later, there was increased Southern selling, but the market finally closed steady, with quotations ranging from 14 to 16 points down.
In the rubber market the early firmness on London advices were offset by the weakness of the stock market, after early steadiness, irregular hedge-selling and commis si house liquidation which absorbed by shorts. At the last call-over prices ranged from unchanged to 3 points up.
Wheat prices in Chicago declined on liquidation, realizing, reports of liberal Russian charterings, the continued absence of foreign interest, the 3 easiness of Liverpool and Winnipeg, increased Australian shipments and less attention being paid to the international situation. At the final bell, losses of 1% to 2 cents were recorded.
The sugar market declined on commission house, trade and foreign selling and liquidation on easier London advices and a more optimism outlook of the European political situation. Closing quotations were from 1% to 3 points down.
After being steady, with activity chiefly consisting of commission house liquidation of nears against purchases of forwards, the silk market quietly eased due to a lack of buying interest and importer selling. The spot market was weak. At the close, quotations were from unchanged to 2 cents down.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.