New York, Oct. 20.
The cotton market was early inactive and prices declined on the weakness of stocks, but generally withstood the shock remarkably, well as very little was offered from the South Some early liquidation by recent outside buyers was prompted by the declines abroad and in other markets but was well taken by the trade and by Liverpool on differences., Finally, the market again declined on local selling but closed steady, with quotations ranging from unchanged to 6 points up.
"The rubber market weakened. on earlier lower cables, liberal Far Eastern offerings and the weakness of the stock market, Latterly, prices advanced on heavy short covering and some factory buying. The rally of securities was a steadying influence. At the last call-over losses of 10 to 14 points were recorded.
In the Chicago Grain Pit interest was centered on the action of securities, which broke sharply, and wheat.prices declined on' general 103% selling and liquidation. Disappointing Liverpool advices, favourable rains in the Argentine and Australia and' limited foreign interest combined to unsettled confidence, but later conditions became quiet and prices partially recovered in sympathy with the stock market, At the final bell, losses of 1% to 2 cents were registered.
The sugar market early declined on European and commission house sèlling, liquidation on easier London advices and the easiness of other markets. Latterly, the market partially rallied on scattered covering. Closing quotations were from 1 to 2 points down.
The silk market was dominated by movements in the stock market and prices early eased, but recovered with Stocks on moderate mixed trading. The market finally closed very steady on tráde buying. At the close, quotations were from a % to 2% cents up.
Text read from the printed page and cleaned; old type leaves the occasional error.