The Archive · 1938

U.S. Commodities

Monday's Closing Quotations

New York, Apr. 25.

The cotton market early declined with Liverpool and Bombay cables, foreign selling, active y liquidation and the weakness of othe growths. Later, the market partially rallied on Liverpool buying on differences and New Orleans and local buying. Finally. the market closed on increased with quotations ranging fr m 9 to 11 pints' down.

Prices in ihe rubber market weakened with the decline in Singapore and London, speculative liquidation especially of May option and stopless orders. Latterly, covering by the South and factory buying were steadying influences. At the lest call-over, losses of 32 to 38 points were recorded.

Trading in the Chicago Wheat Pit today uneventful with prices declining on gradual favourable crop help! tralia and a scant interional demand, which brought out ud prof ional l bell, losses of were registered, ly eased on d foreign selling, liquidation and hedging. due to easier London cables. The trade are awaiting developments from the meeting of the International Council, At the close, quotations were from 1% to 2% points down.

The easiness of Wall Street and the quietness of the spot market tended to discourage the extension of commitments the silk market today, and activity was chiefly con-fried to evening-up operations of April option. The market, however.

sed relatively steady. Final quo-from 1 to 1! cents New York Cotton New York Rubber May Mar,

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

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