The cotton market early declined on lower Liverpool and Bombay advices, speculative selling, profit taking, liquidation and hedging. Later, prices rallied on covering by shorts, trade and foreign buying and the strength of Wall Street advices. Finally, the market closed very steady with prices further appreciate ing on price fixing, with quotations ranging from 1 point down to 20 points up.
Prices in the rubber market today early moderately declined on lower cables and the absence of support. Later, the market further eased on inerensed selling pressure, profit taking and liquidation. At the close, quotations ranged from 8 to 25 points down.
After opening lower on ligitidation, wheat futures in Chicago today rallied on some professional and foreign buying. covering by shorts, the continuance of unfavourable weather repens and the firmness of Winnipeg advices. At the final bell, gains of 2 cents were recorded.
New York Cotton New York Rubber Dec. 1100-00 404 Jan.)1f2-0e 441 9.62-85 mar. 1089-80 +20 T May 1055-56 LIT 1895-85—18 Ma July 1816-17 +10 18.72-72 July July (N.C)
10.28-28—01
N. Y. Sugar No. 3
N. Y. Sugar No. 4
Mar. 1.95.87 +2 Mar. 180-61 42i IN May 199-000 +2 May 16114 62 +24
BIA
Text read from the printed page and cleaned; old type leaves the occasional error.