New York, Nov. 4.
The cotton market early advanced moderately on switching, covering and some speculative buying, but then reacted in sympathy with lower cables, commission house selling and a lack of support. Later, prices further declined on the of stocks, Southern hedge selling, realizing and liquidation. Finally, the market closed steady, with quotations ranging from 3 to 8 points down.
The rubber market advanced on buying accredited to factory interest readily absorbing dealer selling. Later, the market ruled very quiet, with speculators generally holding off. At the last call over, gains of 2 to 7 points were recorded, After early hesitancy, wheat prices in Chicago advanced on the recovery of Liverpool, claims of an improved demand for Canadian wheats, the oversold condition of the market and buying in the form of hedge lifting by cash interests against sales by the Federal Surplus Commodity Corporation. At the final bell, gains of 34 to of a cent were registered.
The sugar market advanced on trade and producer buying and covering, owing to light offerings and 4|the steadiness of London advices, At the close, quotations ranged from unchanged to a % point up.
With Japanese cables unencouraging and other incentives- lacking, activity in the silk market today was at a low ebb. Closing quotations were from unchanged to 1 cent down.
New York Cotton NeW York Rubber Dec.
Jan.
Mar.
May July Oct.
—07 Dec. 1702-03 +07 Jan. 1700N. +07—06 Mar. 17.00N. +04
16.95-95 +02
Text read from the printed page and cleaned; old type leaves the occasional error.