New York, Oct. 8.
The cotton market early declined on heavy domestic and foreign liquidation. There was, however, some buying which was limited to trade price-fixing and covering. After the first waves of selling, the market subsequently quietened down, with traders awaiting developments in Washington, Finally, prices rallied partially on covering to close steady, with quotations ranging from 28 to 38 points down, compared with yesterday.
Ignoring other markets, prices for rubber ruled steady in sympathy with London and the lack of Far The Chicago wheat pit early advanced on covering, the comparative jes steadiness of Liverpool cables, mixed Argentine weather advices and a fair European demand, Later, prices eased on liquidation, a lack of confidence Bri and reports of rains in dry sections of Kansas. At the final bell losses of 1% cents were recorded:
Quiet but steady conditions prevailed in the sugar market, influenced by steady London cables. There was some producer, trade ana" foreign Imp. buying. At the close, quotations were from % to 1 point up from the previous day.
Silk prices responded to higher cables and overnight reports of fair business in the spot market, with dealers and importers absorbing speclative offerings and irregular weekend evening-up. At the end of the day's trading, gains of 2 to 3 cents were registered.—Reuter.
New York Cotton New York Rubber —28 Deč. 167575 +08 Mar. 1638-90 +07 Wu May 16% B 30/ -)6 July 1105-05 +05 qn-—6 liquidation—Reuter.
By courtesy Swan, Culbertson & Fritz and Benjamin & Potts through Reuter Oct. 7 8
War Loan 314% (Red. £101% 1014
Text read from the printed page and cleaned; old type leaves the occasional error.