Tuesday's Closing Quotations New York, Sept. 13.
New business in the cotton market continued to be discouraged by the nervousness over the European situation, Prices early declined on liquidation of nears and hedging, while offers were taken up by the trade and foreign houses, chiefly Bombay, Later, the market further sagged on general selling, unfavourable foreign news and the weakness of securities, At the close, losses from 13 to 18 points were registered.
Lower London advices influenced an easier opening in the rubber market, Subsequently, the market further declined in sympathy with stocks and unfavourable foreign news, while liquidation brought poor support, At the last call-over, losses from 45 to 54 points were recorded, Chicago wheat prices ruled barely steady early in the day in sympathy with Liverpool and Winnipeg cables 31 {and on the easing of the European political situation, Later, prices rallied on further sales to the United Kingdom and on the European situation taking a sudden -turn for the worse, Continued Russian and Danubian export pressure was felt, At the final bell, quotations were 2% to 2% cents higher compared with the previous day, Higher levels were witnessed in the sugar market on higher London cables and foreign and Cuban buying. However, buying slowed down on the hesitation of London and increased nervousness over the European situation, At the close, quotations were from 4 to 5% points above yesterday's levels, Silk prices earlier reflected a steadier stock market, but subsequently the market weakened on the European crisis and liquidation accredited to foreign accounts, Importers found demand limited. At the end of the day's trading, quotations last from 2% to 4% cents compared with yesterday.
New York Cotton New York Rubber Oct.
176-77—18 July Dec.
7881—18 Dee.
Jan.
176 N—18 Jan.
1622 N
Mar 158-80—17 Mar.
1626-28 May 135-06—15 16.30-38
Text read from the printed page and cleaned; old type leaves the occasional error.