New York, Oct. 29.
The cotton market early advanced on higher Liverpool and Bombay advices, speculative buying and covering. Later, prices partially reacted on hedging and liquidation and the easiness of stocks. Finally, the market again advanced on trade and foreign buying and closed steady, with quotations ranging from 1 point down to 2 points up.
Trading in the rubber market ruled quiet and narrow, influenced by steady London cables. The trade bought. Business was light. At the last call over, gains of 2 to 4 points were recorded.
Wheat prices in Chicago cary declined on lower cables and liquidation, but later rallied on a firm Winnipeg market, a better mill demand, unfavourable weather reports and some new buying. At the final bell, quotations ranged from down to % of a cent up.
New York Cotton New York Rubber Dec. 855-56 402 Dec. 1677 N +02 Jan. 845-5 40lJan. 1679 N +04 Mar. 842-42 +01 Mar.
May 826-26 +02 May July 810-10—01 Oct. 783-83 +02
Text read from the printed page and cleaned; old type leaves the occasional error.