Trading in the cotton market was early inactive and prices advanced on Liverpool and Bombay cables, less acute foreign political situation, a firmer stock market and domestic and foreign trade buying. Finally, the market advanced further on Wall Street covering and closed steady, with quotations ranging from 4 to 17 points up.
Prices in the rubber market early responded to steady cables, some relaxation of European tension, short covering,. commission house buying and further factory accumulation. Foreign dealers were the chief sellers. At the last call-over, gains of 10 to 15 points were recorded.
Wheat prices in Chicago declined on the easing of European tension, the weakness of Winnipeg advices and liquidation which uncovered the absence of support. There were also [reports of liberal purchases of Rumania wheat by Belgium, while Italy and Germany were buying Hungarian wheat. At the final bell, losses of % to 1% cents were registered.
The sugar market advanced on trade, producer and outside buying, covering, the steadiness. of London cables and nervousness over the international situation. It is expected that 58. notices will be issued to~ morrow. At the close, quotations ranged from 2 to 2% points up.
Prices in the- silk market closed steady, despite traders being cautious pending further European political developments and the issuance of domestic statistics. The average estimate of deliveries during August was 37,970 bales. Closing quotations were from 1 to 2 cents up.
New York Cotton New York Rubber!
Text read from the printed page and cleaned; old type leaves the occasional error.