The opening was barely steady at
unchanged prices to a decline of 9
points under overnight selling orders
from the South and further selling by
local traders or commission houses
on the increased estimate of the
crop. Offerings were much lighter
than yesterday, while Liverpool made
« relatively steady showing. As soon
as the early selling ran its course,
prices turned upward on covering for I
over the week end. together with a
moderate trade and commission house
i demand.
Some traders were inclined to re
gard the comparatively small selling
by the South as an indication that the
hedging or si»pt liquidation inspired
b.v yesterday's break had about run
its course. This view, together with
reports of rains or show-ers in the
Southwest and the prospect for rather
unsettled weather which might inter
fere with picking, or cause some dam
age to the crop, no doubt increased
i ihe disposition to take profits on re
, cent short sales after a decline of
nearly R cents a pound from the high
! levels of last month.
January contracts sold up to 13.02
" Ret.
Hlth. Low. Stork and dividend. Risk. Lnw. Cteaa. ttiga.
