New York, Feb. 20, The cotton market early declined On liquidation, hedging and lower Liverpool advices, Later, prices further eased on commission house selling. Finally, the market partially rallied on trade, foreign and Wall Street buying and the steadiness of spots and closed steady, with quotations ranging from 1 point down to 1 point up.
Prices in the rubber market today progressively eased on increased selling pressure, lower cables, and unchanged export quota of 80 per cent, and speculative liquidation of nears. At the close, quotations ranged from 16 to 25 points down.
Wheat futures in Chicago today opened lower on liquidation and hedging but prices later impressively rallied to 107 cents on aggressive covering by shorts, frm Winnipeg advices, a good export oni and professional and Towards the close, however, persistent profit taking reduced earlier gains, and the market closed from 1% to 1% cents up from the previous close.—Reuter.
New York Cotton New York Rubber Mar. 1104-05 +01 May 1077-7] une, July 1036-36 unc. July (N.C.)
1050 N. unc. Oct.
9.73-73 unc. Dee. (N.C.)
9.61-61—OL
Text read from the printed page and cleaned; old type leaves the occasional error.