New York, Nov. 28.
Cotton prices early moved lower on foreign and Southern selling, but, later rallied partially on speculative support. Finally, the market once against reacted on liquidation to close easier, with quotations ranging from 6 points down to 4 points up from the previous final levels, Trading was quiet in the market for raw rubber futures, with prices improving slightly on speculative support. The International Rubber Regulation Committee has fixed the quota for the first quarter of 1941 at 100 per cent. At the last call-over, quotations were from 2 points down to 8 points up from yesterday.
Steady to firm conditions prevailed in the Chicago Wheat Pit, with prices advancing on a firm cash demand, mills buying and covering by recent sellers. At the &nal bell, gains from cent to 1% cents were registered.
New York Cotton New York Rubber Dec. 10.06-06—04
Jan. 998 N.—06
Mar. 10.09-09—05 20.10-13—92 May 949-99—03 B/A July 931 N.—04 May 19.90 B unch. Oct 931-31 494 largest private placement ever nego-fiated by selling $140,000,000 worth of new money debentures to fourteen insurance companies.
Stgcks:—The moderately firmer tone. al As regards the reorganization of the smaller machinery builders together with that of the bigger ones, we shall endeavour to give them work that is best suited to each type of equipment, N. Y. Sugar No. 3
Text read from the printed page and cleaned; old type leaves the occasional error.