New York, Mar. 26.
Trading in the cotton market was early inactive with contracts scarce, reflecting the continuation of the southern holding movement. After easing in response to Liverpool and Bombay advices, prices rallied on trade and local buying and covering, with the recent action of prices in the face of numerous unsettling factors attracting favourable comment, However, new outside business was light, with traders awaiting developments. Finally, the marke closed very steady, with quotations ranging from 3 to 8 points up. 1 Prices in the rubber market early eased in sympathy with London advices and the upward revision of the estimate of Malayan shipments during March. Latern, the market steadied-up in view of the increased possibility of a quota adjustment, At the last call-over, losses of 3 to 9 points were recorded, After early steadiness, wheat prices in Chicago eased in sympathy with Wall Street, predictions of rains in the south-west, week-end slowness in the overseas demand and the favourable new crop outlook. At the final bell, losses of % to 34 of a cent were registered.
Trading in the sugar market was active on Cuban and producer buying, shorts covering, the firmness of London advices and expectations of favourable developments at the forthcoming sugar conference. At the close, quotations were from 1'4 to 2 cents up.
New York Cotton New York Rubber May 82-13 +05 May 1295B—09 July 879-80 -+07 July 13.10-10—09 Oct. 883-84 +05 Sept. 1335-25—05 Dec. 347-87 +08 Dec. 1245-45—03 Jan. 888N +07 Mar. 889-89 -+03
Text read from the printed page and cleaned; old type leaves the occasional error.