The cotton market early declined on moderate liquidation, but later rallied on steady Liverpool advices, a firmer stock market and foreign and local buying. Operators, however, were somewhat hesitant, and prices consequently drifted down on renewed liquidation, hedge selling end profit taking. Finally, the market further eased on spot houses and Southern hedge selling and closed steady, with quotations ranging from 4 to 8 points down.
Prices in the rubber market were early influenced by higher London advices, but gradually eased under pressure of scattered liquidation, freer offerings, switching operations and profit taking. At the last call over, losses of 6 to 11 points were recorded.
Wheat prices in Chicago opened steady, aided by higher Liverpool advices and the early strength of the Winnipeg and corn markets, Later, prices declined on liquidation, realizing, weak Winnipeg advices and poor support. The turnover was very moderate. At the final bell, losses of 1% cents were registered.
Despite higher London cables, the sugar market moved downwards on the hesitancy of buyers, commission house selling and liquidation. Closing quotations were 1 point down.
The silk market today advanced on firmer Wall Street advices, more fa-yourable European developments, a better spot demand and scattered commission house and local buying. At the close, quotations ranged from unchanged to 2% cents up.
New York Cotton New York Rubber Oct.—795-95
Dec. 800-00
Jan. 801 N
Mar. 809-08
May—799-98 July 16.48-52—10
B/A. 16.55-55
16.57-58 09
16.62-68
NewYorkSugarNo.à New York Silk Mar, 1059-003—1 SeptlT312- 4213
B/A B/A
Text read from the printed page and cleaned; old type leaves the occasional error.