New York, Sept 16.
Prices in the cotton market early declined on active liquidation, New Orleans selling and increased hedge-pressure, with initial quotations ruling from 7 to 12 points down. Later, the market further eased on liberal "spot" sales and renewed uncertainties over price control, with the trade buying on the scale-down, Finally. ihe market closed steady, with tations ranging from 14 fo 17 points lown.
Quiet but firm conditions were witnessed in the rubber futures market today, with prices moving within a narrow range. Towards the close. the market moderately advanced on some belated short covering. At the gains of 10 to 15 points were reco:
000; Chi NUN Quartz crystals, US$3,- Tt was understood that sources of the above purchases included the Philippines, Netherlands East Indies. British Malaya and South America.
Other purchases included: Tungsten, 'US$113,169.000: Aluminium. US$130. 034.000: Asbestos, US$215,000: Bauxite, S$101,000; Cadmium, US$139000; Diamonds. ' US$708.000: "Mica. USS3,. 'US$4,749,000; Zinc.000.
Mr. Jones, in his report, said the Rubber Reserve Company was established in June 1940, to acquire reserves of this commodity. He said that to date there had been delivered 140318 tons of rubber, while 66.391 tons were in transit and 150.061 tons were awaiting shipment.
"Mr. Jones said that of the total bought. 157972 tons had been contracted prior to establishment of the ventral buying nian while 19,338 tons had been purchased since. He revealed that through operation of the central buying, a balance of 430.000 tons nf reserve supply should be ac-
"Wheat futures in Chicago today Press.
cumulated by June 30. 1942.—United 54 opened p! lower on professional Col Sol Cent Can Cent Oil Corn Prod "pid 179 176 Coty Inc CotyInt 031 Oni Curtiss Wr 27} 268 Deere & Ca 254 27} Faton Mfe 33 31 Gen AmTr 5 Si} Glidden Ca 17) 17
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