McKesson & Rob. $3 pid. B 351 Monsanto Chemical Montgomery Ward Nat, Cit Nat. Dairy Prods, Nat. Distillers New York, Oct. 27.
Trading was inactive in the cotton market, with operaters keeping to the side-lines awaiting developments. Prices declined slightly on lower Liverpool cables, trade liquidation, hedging and ce-operatives selling. Later, the market steadied up on some limited foreign demand. At the close, quotations ranged from 5 points down to 1 point up from the previous day.
Steady conditions prevailed in the rubber market on the final private estimate, indicating a substantial reduction in British stocks, while factory buying bolstered sentiment. Finally, prices eased on local selling. At the last call-over losses from 1 to 15 points were recorded.
The Chicago Wheat Pit ruled very dull today. Prices moved lower on the sharp decline in Liverpool indications of an early Southern Hemisphere harvest and professional selling. Towards the close, the market steadied up on lifting of hedges. At the final bell, quotations ranged from of a cent down to % of a cent up from yesterday.
Quietly steady conditions prevailed in the sugar market, with prices advancing on trade and commission house buying in response to the firmness of the London market. At the close, No. 4 contract showed gains from 1% to 2 points.
Silk prices ruled easier Activity was at a low ebb. s were reluctant to operate in view of the favourable statistical position and encouraging business outlook, while traders were inclined to await developments. Finally, exporters selling offset dealers buying. At the end of the day, quotations were from 2 cents down to 1 cent up.
New York cotton New York Rubber Dec. 849-49 +01 Dec. 1693-03—02 Jan. 839-39—01 Jan, 1685B-90A—15 Mar. 837-37
May 821-21 July 807-01 Oct. 733-94
New York Sugar No, 4—New York Silk May 1.023-03 -+114
Nov. 180B-81A +1
Text read from the printed page and cleaned; old type leaves the occasional error.