New York, Feb. 29.
Cotton prices early moved up moderately on some trade demand and for. eign buying of distant months. Later, market reacted under New Orleans selling and realizing. At the those, quotations ranged from no change to 3 points down from the previous final levels, 'A progressive advance was witnessed in the market for raw rubber futures on overnight buying orders and later on belated shorts covering of March. Dealer and factory interests were showing more interest. At the last call-over, gains from 14 to 30 points were Unfavourable influences in the Chi-cage Wheat Pit today included; the weakness of foreign cables; the esti-84 mated large carry-over in July; North. Western selling and, the paucity of export demand. Losses from % to of a cent, were registered at the ji close.
These new regulations place the French, exchange control system on a basis similar to that of the British system.
Licences now are no longer needed for most of the products from territories within the sterling area' and, instead, importers will receive the necessary exchange means upon a simple statement and the furnishing of proof as to imports effected and payments to be made.
Regarding goods for which licences are still necessary, the Bank added, importers will also have to make only a simple statement to receive the necessary exchange means.
Moreover, trade credits in francs may be granted, for purchases in the French empire, to residents in countries within the sterling area' without the prior authorisation of the Exchange Office.
These new regulations apply to France, Algeria, French colonies and African territories under French mandate, Their extension to Tunisia, Morocco, Syria and the Lebanon is under consideration, the Bank of France concluded.—Havas.
New York Cotton New York Rubber Bank of Japan Gold 1845-45 +30 July (N.C) 119-22 414 1065 N -01 July 1811-11 +18 Oct. N.C.) Sept. 1806-08 +17 983-83 Unch Dec. (N.C)
28860—01 Jan. (N.C)
985 N—02
N. Y. Sugar No. 3 N. Y. Sugar No. 4
Text read from the printed page and cleaned; old type leaves the occasional error.