New York, Jan. 6.
Easy conditions prevailed at the opening of the cotton market on liquidation and profit taking. Later, the decline was further accentuated by hedging and further realizing by nervous holders influenced by unfavourable Washington news. At the final call, quotations ruled from 2 points to 16 points down.
Trading in the rubber market was quiet, owing to a lack of incentives. The undertone, however, remained steady and closing quotations ranged from 2 to 11 points down, compared with yesterday's final levels.
After a lower opening on liquidation induced by easier Liverpool advices, wheat prices in the Chicago Grain Pit steadied on commission house buying and covering. At the final bell, price changes ranged from to!4 ofa cent down from last night's closing quotations.
New York Cotton New York Rubber 743 N—16
1612 M—06
1617-18—11
1613-13—02
1614-15—02
New York Sugar No.4 New York Silk New York Weekly Cotton Statistics New York, Jan. 6.
According to statistics compiled by the New York Cotton Exchange for the week ended January 6, supplies of cotton brought into sight for the season totalled 7,189,000 bales, showing a decrease of 3,000 tales from last week and a decrease of 3,221,000 bales from the corresponding week of last year.
Forwardings to United States mills reached 3,291,000 bales, showing increases of 11,000 bales from last week and 172,000 bales over last year.
Exports from United States ports since August 1, totalled 2,040,000 bales, an increase of 53,000 bales over last week, but a decrease of 1,490,000 bales from the corresponding week of last year. These exports included 483,000 bales to Japan; 16,900 bales to China Proper; $00 bales to Manchoukuo and Dairen; 9,100 bales to French Irdo-China; 276,000 bales to Great Britain; and, 289,000 bales to Germany, United States stocks (in ports and interior towns) reached 6,367,000 bales, 62,000 bales under last week, but 534,000 bales above last year.
The world's visible supply as on January 6, was listed at 9,849,000 beles, a decrease of 68,000 from last week but an increase of 564,000 bales from the corresponding period last year. American contributions amounted to 7,636,000 bales.
American cotton forwarded to mills of the world since Aug. 1 (excluding linters) was listed 5,188,- 000 bales on January 6, an increase of 113,000 bales over last week but 454000 bales under last year—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.