day's Closing Quotations New York, Oct. 6.
The cotton market early advanced on higher Liverpool and Bombay cables, covering and trade and spe-curative buying, but later partially readed ea profit taking and liquidation. Subsequently, prices further eased on general selling and realizing and the market closed quiet with quotations ranging from I to 5 points After opening firm on higher cables and some professional buying trading in the market for raw rubber future turned irregular on the appearance of some profit taking, liquidation and short selling. At the close, near months ruled easy, while more distant options closed higher. Final quotations ranged from 12 points down to 20 points up.
Wheat prices in Chicago today opened firm, in sympathy with stocks and other commodities, coupled with trade buying and covering, but prices later slipped on the lack of a follow through. At the final bell, gains of to 1 cent were recorded, New York Cotton New York Rubber Oct. 912-12 401
Dec. 88944 +02 Dec. 1902-05—12 Jan. 869 N +05 Mar.
Mar. 857-58 +03 May May 837-37 +03 July July 8.17-17 +04 July (new)
8.37 N +04
N. ¥. Sugar No. 4 New York Silk Mar. 189-90 +214 B/A Dec. 290-00 +15 May 191-9115 +312
Sept. 152-4 +3
Chicago Wheat Chicago Com Dec. 8274-83 +1 May 8294-8275
Dec. 5014-5014 May 52-822 un Paris Bourse Paris, Oct. 6
The market opened weak on profit-taking today. During the session, a few purchases caused stocks to rise slightly to close irregular.—Havas. reaction was that the speech closed the door to peace, on which shorts covered hurriedly; a later interpretation was tempered by reports that the speech would be studied, as a result some traders took to the side lines pending the replies of the Allies, By Courtesy of Swan, Culbertson & Frits The behaviour of the stock market during the past week exemplifies the changes which are brought about by the passage of time. Previously, during the last year or two, the threat of war myaria sulted it declining stock prices. Currently it is the possibility—even thi h remote—of peace that has produced irregularity and casino: Reports that peace proposals containing concessions of a startling nature would soon be made by Germany sufficed to curb buying enthusiasm on Wall Street and under the pressure of profit taking quotations tended to yield ground. Great Britain and France have made it clear that there will be no compromise with Nazi-ism but nevertheless traders were inclined to remain on the sidelines and await Hitler's speech to the Reichstag on Friday. In the meantime, net price changes were small and the volume of trading was the lowest since the war beg:
Commodities were also sensitive to peace rumours and the Dow-Jones index covering this field sani to its lowest figure since September 1 with almost all leading individual commodities registering losses for the period. The unexpected increase from 70 to 75 per c‹ in the quota for the fourth quarter was probably the chief factor for the recession in rubber es but other markets also aged rore or less of their own lit in the absence of new buying. The business news remained encouraging with many individual indices reaching new highs for the year or, longer. The Federal Reserve Béard Index of industrial production is expected to reach 120 before the end of the year in comparison with its figure of 102 for July and August. Lumber orders were the best since 1930. The lobate in Congress concerning revision of the Neutrality Act was also a restraining factor on the speculative markets. An excess profits tax has been introduced to accompany any substitution of a "cash and carry" clause for the embargo but this proposal is considered unlikely of adoption at least until the regular session in January.
Text read from the printed page and cleaned; old type leaves the occasional error.