The Archive · 1938

Friday's Closing Quotations

New York, June 17.

The cotton market early advanced on Liverpool cables, continued it fa tionary talk and heavy rains in the Western and Central belts arouse ing expectations of increased weevil complaints. Bombay was the principal buyer of distants, with trade price-fixing and spot h buying ly absorbing July option liqui Later, prices partially reac on and com:

New Orleans selling; sion house liquidation and closed quotation: ug irom 4 to 5 points un.

Pi in the rubber ket today reflected steady cables, and advanced on light primary offerings and a commission house and local demand. Dealers sold on balance.

Akron interests were buying. At the last call-over, gains of 2 to 8 points were recorded.

After early firmness in sympathy with foreign markets, wheat prices in Chicago reacted on south-western selling and realizing. The set-back, however, attracted support on reports of black just damage in the Spring wheat belt and unwanted moisture in the soüth-west. At the final bell, losses of % to 34 of a cent we registered.

After advancing on active Cuban and operator buying, shorts covering Owing to the stoppage of notices and steadier London cables, the sugar market partially reacted on liq tion of July option. At the close, quotations were from unchanged to a % point up.

Silk prices today moderately react-

London, June 17.

Silver movements the United Kingdóm during the week ended June 15, resulted in a surplus of exports over imports by £60,000, compared with net exports of £1,738,000 duri the previous week.

Exports of the white metal from the United Kingdom during the period under review totalled £93,000 includ ing shipments valued at £20,000 to Portugal and £20,000 to Ken E paris during the preview totalled £1,800,000, including ship ments of 8158000 to the United States and £27,000 to Fran Coming from vai ports of silver amounted to last week summed up to £ including £31,000 from Belgium.—

Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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