Thursday's Closing Quotations Trading in the cotton market was inactive and prices early advanced on Liverpool cables and foreign, trade and local buying. Later, the market reacted on liquidation by recent buyers and Liverpool and New Orleans selling. Closing quotations showed losses from 4 to points compared with the previous final levels, The rubber market early reflected the steadiness of London cables, and dealer absorption of commission house offerings. Latterly, the market drifted as traders were inclined to await developments in consumer quarters, At the final bell, quotations ranged from 1 to 8 points down from yesterday.
Private forecasts of the total crop of wheat in the United States being 1,089,000,000 bushels, and ideal weather in the south-west influenced general selling in the Chicago Wheat Pit. Later, prices recovered on Eastern buying, the strength of Winnipeg: reports, disappointing yields in Oklahoma and evidence of a_fair export business. At the final bell, gains from % to % of a cent were recorded.
Sugar prices were subjected to commission house selling and further liquidation of July, owing to the quietness in London. However, with pressure subsiding, the market rallied on a foreign producer buying and covering. At the end of the day's trading, quotations were from unchanged to % a point up from yesterday.
In the silk market, interest was at a low, ebb and there were no signs of pressure, but traders were caus tious, owing to the slackness of demand for actuals and on domestic and foreign economic uncertainties. At the close, values were from unchanged to 1 cent down from the previous day.
New York Cotton New York Rubber 784-94—05 789-89—04 792-92—05 792-92—05 798-98—05 8.01 N—04
July 11,83-34—08 Sept. 1144-45—08 Dec. 1165-65—01 Jan. 1169 N—05
Text read from the printed page and cleaned; old type leaves the occasional error.