New York, Sept. 20.
The cotton market early advanced on more favourable foreign news, steadier Liverpool advices and a stronger stock market, with trade and commission house buying meeting with comparatively light offerings. Later, offerings were scarce and the undertone distinctly firmed up as traders were buying October option while there was persistent foreign buying of July. Finally, with general buying there was realizing and hedging and the market closed steady, with quotations ranging from 19 to 22 points up.
Prices in the rubber market opened steady and rallied on Wall Street and commission house buying and demand accredited to. foreign accounts. Hedge lifting readily advanced bear offerings. At the last call over, gains of 40 to 43 points were recorded.
Easing of the European situation end a lack of support from Liverpool and Winnipeg imparted a heavy undertone to the Chicago Wheat Pit today. Generally favourable Southern hemisphere crop news and an increased European crop estimate were additional discouraging factors. Finally, prices partially rallied on covering. At the final bell, losses of 34 to % of a cent. were registered.
The sugar market declined on active trade and foreign selling, liquidation, profit taking, an improved European situation and the easiness of London advices. Closing quotations were from 3 to 4 points dowl Trading in the silk market today was inclined to be quiet, but prices hardened on the brighter European political outlook and some covering operations. - At the close, quotations ranged from 1 to 2% cents up.
New York Cotton New York Rubber Oct—800-0 422 Dec. 804-05 +20 Jan. 806-06 +22 801-09 +19 Mar. 03-05 +20 May 804-04 +22
1659-50 +41 1661-4 42
16.66-67 +40 1613514
Text read from the printed page and cleaned; old type leaves the occasional error.