The Archive · 1938

U.S. COMMODITIES

Friday's Closing Quotations

New York, Mar. 18.

The cotton market early declined on. broad liquidation, the uücovering of stop-loss orders on the weakness of the stock market and the threatening appearance of the European situation. Later, there was hedge-selling, with support mainly confined to price fixing and covering. Finally, the market declined further on renewed general liquidation and closed weak, with quotations ranging from 30 to 35 points down, After being steady, prices in the rubber market slumped on stop-loss selling, lower cables, widespread nervousness and general liquidation in sympathy with the easiness of securities. At the last call-over, losses of 28 to 43 points were recorded.

Wheat prices in Chicago early ruled quiet, but later advanced on higher cables, professional buying, covering and a good export demand. At the final bell gains of 1 cent were registered.

New York Cotton New York Rubber May July Oct.

Dec. Jan, Mar.

854-56—35, May 13.70B-75A—43 881-4—32 July 1384-85—36 861-69—32 Sept. 1399-401—38 868-10—32 Dec. 1423-25—28 871-71—30 8.73

New York No. 4

New York Silk 12014434 Mar. 1,56B-57A—21, Wheat Chicago Corn May 60-60% +7 July 6134-61%

Montreal Silver

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

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