New York, Apr. 29.
Trading in the cotton market today was early inactive, with prices declining on Liverpool and Bombay cables and a lower stock market, with Liverpool and Bombay selling July and October options on differences. Later, prices partially rallied in the absence of notices, trade buying of near months and Continental buying of March option. Finally, the market closed steady, with quotations ranging from 4 to 9 points down.
Prices in the rubber market early declined on lower cables, aggressive foreign and dealer selling, liquidation and stop-loss orders. Buyers were cautious. Later, there was further scale-down absorption accredited to factory interests, with the market finally steadying with securities. At the last call-over, losses of 25 io 26 points were recorded.
Wheat prices in Chicago declined sharply on liquidation, authoritative contentions that the crop outlook in the south-west is the best in recent years, continued favourable weather, the weakness of Wall Street, an absence of International demand and a possible bumper wheat crop of 75,000,000 bushels. At the final bell, losses of 1% to 1% cents were registered, The sugar market early advanced on active trade, commission houses and operators buying covering on the- prompt stoppage of 89 notices and firm opening London advices. Later, prices reacted on Cuban and producer selling, hedging, profit-taking, the easiness of closing London cables and the absence of important developments at the International Council meeting. At the lose, quotations were from a % to 2% points down.
Owing to the holiday in Japan, trading in the silk market was quiet. "The action of the spot and other markets was discouraging, and interest was at a low ebb. Closing quotations ránged from a 14 cent up to 1 cent down.
New York Cotton New York Rubber May 8ni-r—04 July 836-18—05 Oct 883-83 -0T
Dec. 884-84—09
Jan. SIN.—08
Mar. 893-94 -08 May 1147N.—25 July 1160B-61A—26 Sept. 1116-75—26 Dec. 1195-95—25
New York Sugar №o,4 New York Silk Sept. 097-94—1 May 1513-5115
Chicago Wheat Chicago Corn May 795-79—11 May 58%4-58% 5% July 7855-781 -1% July 60-691
Winnipeg Wheat Montreal Silver U.S. Silver Imports May 119% -119%—5; Tuly109% 100% A—Asked B—Bid.
May 42.00B-90A—20
Reuter.
Flintkote Ca. Freeport Sulphur Gen. Amer. Trans Gen. Cigar Gen. Elec.
Gen. Foods Gen. Motors Gen. Rly. Signal lidden Ca.
edrich (B.F.)
$5 pfd: Goodyear Tire & R.
Text read from the printed page and cleaned; old type leaves the occasional error.