New York, Sept. 24.
Cotton prices during the past week Grifted down slowly under seasonally expanding hedging, but the decline is still retarded by active trade price-fixing and Liverpool and Bombay arbitrage buying.
Southern advices indicated that some farmers were more favourably to place cotton under the loan, as prices decline.
Meanwhile, some commission houses are advocating scale-down investment accumulations, but market sentiment is moderately bearish.
Renewed discussion of curtailment by cotton mills was party offset by the belief that American and British spinners may recover some of Japan's overseas textile markets, thus helping ' consumption in the Western Hemisphere.—Reuter.
Daily New York and London Stock Exchange Service Commodity Futures on the principal American markets Members of New York Cotton Exchange Chicago Board of Trade Winnipeg Grain Exchange
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