New York, Oct. 31.
The cotton market early declined on liquidation and lower Liverpool and Bombay advices, but then rallied on some speculative buying. Later, prices gradually drifted down due to the slackness of demand and the general apathy of operators. Finally, ihe market further eased on renewed liquidation and Southern hedge selling but closed steady, with quotations ranging from 1 point up to 8 points down.
Prices in the rubber market early eased in sympathy with cables, dealers offerings and some commission house liquidation. There was some buying on the decline attributed to Akron interests. At the last call over, losses of 7 to 11 points were recorded.
Increasing concern over dry conditions in the winter wheat belt imparted a stubborn undertone to the Chicago Wheat Pit today, and trading Was inactive and narrow owing io approaching competition from the Southern Hemisphere. Smaller spe-curative interest and predictions of showers in the South-west were additional depressing factors. At the final bell, losses of % of a cent were registered.
The sugar market closed dull but firm, reflecting the absence of selling pressure and steadier London cables. Closing quotations were from a to 1 point up.
Prices in the silk market early eased slightly on lower cables, the heaviness of other markets and importer selling; which disclosed some buying interest. Finally, the market closed irregularly steady on mixed trading. At the close, quotations ranged from a!& cent down to 2 cents up.
New York Cotton New York Rubber Dec. 856-58 +01 Dec. 1620-13—07 Jan. 845N.unch. Jan. 16.71N,—08 Mar, 843-43 +01 Mar. 1671-72—11 May 824-24—02 May.16.75-76—10 July 8,10-10 unch.
Oct. - 715-75—08
New York Sugar No, 4
New York Silk Mar. 10215-0315 +1
Text read from the printed page and cleaned; old type leaves the occasional error.