New York, Feb, 15.
Cotton prices early declined moderately on Southern hedge-selling and liquidation, but later turned easy on renewed liquidation and in sympathy with the weakness of stocks. Buying support was lacking. At the close, losses from 8 to 11 points were recorded.
Substantial overnight buying orders boosted prices up at the opening of the rubber market here, However, gains were erased when later the market reacted on foreign selling and im response to the sharp drop in Singapore cables. At the last call-over, quotations ranged from 17 to 22 points down from yesterday.
Comparatively steady conditions prevailed in the Chicago Wheat Pit, with prices early moving lower in sympathy with a weak stock market but later rallying partially on a small mill demand. At the final bell, quotations were unchanged to 14 cent down, New York Cotton New York Rubber Mar. 1024-25—0 Mar, 2050-50 May May 2040-40—17 Oct 200-00—20 July July (N.C) Dec. Sept, (N.C.) Jan. 1973-75
N. Y. Suger No. 3 N. Y. Sugar No. 4
Mar. 204-05 -+01 Mar. 06 E!
May 208-0 unc. May 071-711%—01
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