New York, Mar. 18.
An easier tone early prevailed in the cotton market, owing to weak Liverpool cables, foreign selling and liquidation. Later, the market steadied up as the trade bought at the lower levels, while speculative liquidation was small. At the close, quotations ranged from 2 to 5 points down from the previous final levels.
The tone of the raw rubber futures market was independently steady today, owing to nervous shorts cover-ug and an improved speculative demand, while factory interest was more noticeable. At the last call-over, gains of 4 to 6 points were recorded.
Trading was mixed in the Chicago Wheat Pit, with peace rumours being offset by unfavourable crop news and reports of continued dryness in the south-west. Meanwhile, operators were cautious in making long commitments, awaiting clarification of the European situation, At the final bell, losses of % to 14 cent. were registered.—Reuter, New York Cotton New York Rubber May 1041-48—05 July 1021-27 02 July (NE)
1041 N—02 May 1814-15 +06 Oct. N.C.) July 1802-04 +04
9: 5 B/A
Sept. 1195-95 -+05
Text read from the printed page and cleaned; old type leaves the occasional error.