New York, Feb. 1. The cotton market early advanced on some trade buying and shorts covering, but later reacted on liquidation and profit taking. Subsequently, prices further slipped on hedge selling and the weakness of Wall Street, and the market finished quiet, with quotations ranging from unchanged to 5 points down.
Activity in the market for raw rubber futures today was almost absent, as operators' continued to cling to the sidelines, resulting in a quiet, featureless and uninteresting session. At the close, quotations ranged from 4 points up to 4 points down.
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