New York, Jan. 16.
The cotton market early ruled steady on good Bombay cables and buying in near positions, but later prices eased on Liverpool selling, hedging and liquidation. Closing quotations were from 1 to 14 points lower, Trading in the rubber market was narrow and featureless. Prices arly showed a tendency to move downward on some selling and profit taking, but later some support appeared on the scale down, and, finally, the market closed with quotations ruling from unchanged to 3 points down, compared with the previous close.
A general air of listlessness_ pervaded the Chicago Board of Trade today. Lower Winnipeg and Liverpool advices influenced a slight downward adjustment in prices early in the session, which, however, was offset later by mills buying and short-covering. At the final bell, price changes were from % to 14 cent up from Saturday's levels.
New York Cotton New York Rubber Jan. 839-95—01 Jan. 1597 N—O1
839-99—04 Mar. 1603-05—03
813-13—02 May 1595-96 unc.
787-87—04 July 1594-95—01 139N—13
Text read from the printed page and cleaned; old type leaves the occasional error.