Tuesday's Closing Quotations New York, Dec, 5.
Cotton prices early declined on "spot" house and southern hedge selling, which offset some trade buying. Later, the market reacted further on liquidation, while the cut in the Government export subsidy was a dampening influence. At the close, conditions were irregular, with quotations ruling from 4 points down to 2 points' up, compared with the previous final levels.
Quiet but firm conditions prevail-the market for raw rubber futures, with traders adopting a waiting attitude pending developments. Some liquidation was met by shorts covering, At the last call-over, quotations were from 8 points down to 10 points up.
Firm conditions were witnessed in the Chicago Wheat pit, as reports of continued dry weather being experienced in the droughty southwest caused shorts to cover. The small winter wheat crop was also a sustaining factor. At the final bell, gains of from 2% to 3 cents were registered.
New York Cotton New York Rubber Dec. 10.14-14 402 Jan. 10.07-08—01 Mär. 986-87—01
May 955-55—0l July July Mar.
18.65-68 -+03 May 18.15-20 +05 July 17:85-85 +10
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