New York, Aug. 9.
volume of buying support prices atthe opening ok market this morning. Mos: market favourites were in demand and showed small gains. Light profit-taking thereupon set in but, being readily absorbed, the market again showed a rising tendency, with steels and motors well to the fore-freit. Chrysler was consistently in demand throughout early trading and, at the time of going to press, improved almost two points, Steadiness prevailed at- the initial call of the cotton section and December option appreciated four points from previous closing level to 10.79. Trading was somewhat restricted pending issue of the cotton bureau report, with the market working in both directions. At the end of the period under review, December contract registered a net decline of one point to 10.78.
Renewed speculative fluenced by. continued improvement in foreign quotations led to higher opening in the rubber market, with December delivery advancing eight points from last final call to 18.96. Continued buying support improved December option a further four points to 19.00, at which level the market remained steady at the end of the session recorded.
The wheat market in Chicago ruled jessy during early trading, After declining % cent from last close to 13, December delivery lost a further cent to 112%. Corn fluctuated widely both ways during the period reviewed. At the outset, December contract dropped 1% cents from previous final level to 67% and, later, recovered 1% cent of the original Ggcline to 68%.
Quietly steady conditions prevailed the opening of the Montreal silver market, September option being unchanged at 44.75B 45.15A.—Reuter.
"Wall Street Journal" Comment By courtesy of Swan, Culbertson & Fritz and S. E. Levy & Ca, New York, Aug. 9. The "Journal" reported to-day that business news' was considered cheerful. Some traders in metal stocks were bullish on American Smelti and Refining. Short interest in West~ ern Union has been reduced easily [and traders say that the stock acts Traders continue bullish in shares. The Street does not a special session of ress, Gut. Yat: 1904(Sh) (U) a G6) SHEN. Com. (Sh!) (U)
SUNK. Com, (8)
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