New York, Oct. 1.
In the cotton market higher Liverpool advices were early offset by renewed hedging api discouraged long liquidation. The holding movement in the South is affecting the basis and there is a The rubber market rallied on the strength of London advices and continued dealer demand which absorbed commission house selling. A good part of the recent speculative offerings was believed to be short selling. At the last call-over gains of 15 to 20 points were recorded.
"Wheat prices in Chicago were early hesitant on unfavourable weather reports in Australia and better than expected cables being offset by a let-up\in foreign demand. However, the easiness of Winnipeg induced realizing. At the final bell, losses of % to % of a cent were registered.
In the sugar "market scattered operator buying on steady London advices met with commission house selling and liquidation, but the market was dull awaiting developments, Closing quotations were 1 point down.
With domestic statistics about as expected which awakened sympathy for Japan, the silk market declined on domestic, foreign and speculative liquidation and stop-loss orders. Finally, there was an irregular movement of nears on reports of selling of forwards. At the close, quotations were from 1% to 2 cents down—
Reuter.
New York Cotton New York Rubber Oct. 840-40 +09 Dec.
Text read from the printed page and cleaned; old type leaves the occasional error.