The cotton market early advanced moderately on higher Liverpool and Bombay cables, covering and speculative and foreign buying, but then reacted on hedge selling and liquidation. Later, some switching was in evidence, and the market ruled quiet and narrow, as most operators were reluctant to enter into new commitments. Finally, the market closed steady, with quotations ranging from 5 points down to 2 points up.
Prices in the rubber market early advanced on higher cables, covering, London, factory and commission house buying. Later, the market further advanced on trade and local buying. At the last call over, gains of 11 to 16 points were recorded.
Wheat prices in Chicago declined on liquidation, weak foreign markets and reports of beneficial rains. Later, the market rallied partially on professional buying, a better milling demand and shorts covering. At the final bell losses of % to a % cent were registered, New York Cotton New York Rubber 849-50—05 843-43—O1 841-1 unc.
825-25—01
46-18 +01 19292 +02
Dec. 1695-95 +16 Jan. 1693-94 +14 Mar. 1696-96—16 May 1699-90 +11
New York Sugar No, 4
New York Silk Mar. 10315-04 unch May 109-061; unch BA
Nov. 136-77
Text read from the printed page and cleaned; old type leaves the occasional error.