Friday's Closing Quotations New York, Aug. 23. là the cotton market today small trade buying and short covering was early offset by liquidation and "spot".housés hedge selling. Later, prices further eased on realizing and southern and foreign selling. Finally, the market closed easy on increased pressure of liquidation, with quotations ranging from 7 to 8 points down.
Prices in the rubber market today ruled irregularly on an improved speculative demand, good factory buying at advancing prices and shorts covering. Near months were under pressure of liquidation and switching. At the close, quotations ranged from 2 points down to 6 points the UP. during Wheat futures in Chicago today declined on liquidation, the smallness of mill demand, limited outside interest and the weakness of securities, At the final bell, losses of 1 to 1% cents were recorded.
New York Cotton New York Rubber Oct. (N.C)
.16-16—08
Tokyo, Aug. 22.
Opening up a new vista for Japan's wartime industry, it is reported that a rich vein of iron ore has been disepvered at Shirutoru, in South Saghalien.
The mining section of the Saghalien authorities, the industrial newspaper Nikkan Kogyo reports, will shortly send a surveying party to carry out a thorough investigation of the area, The ore found, it is stated, is of two sorts, hematite and magnetite. The iron content of the hematite ore is 35 per cent. according to statistics compiled as a result of early analyses.—Havas.
U.S. Cotton Ginning Report Washington, Aug. 23. The Bureau of the Census of the Department of Commerce issues its second ginning report of the 1940 season as follow
Text read from the printed page and cleaned; old type leaves the occasional error.