Show Cotton OD Market NW NEW YORK Dec 26 ton Cot P Cotton on was fairly active at the start stat Wednesday Y but the business was wa connected l largely ely with the liquidation of January contracts Inci mci- dent to the circulation of ot the first delivery del eu notices and trading later Iter tapered off oU to comparatively small proportions In Irs addition to near month liquidation there was a lUtle eiling In later months month n attributed I u J t to cotton n n in one g position pallon or another but offerings were were ab absorbed absorbed Ab- Ab sorbe by the trade on moderate declines and the undertone was wa fairly steady Futures closed steady stady 9 3 lower stead HUh Low Lose Lol Last st Jan Jon 1243 12 43 12 1237 1231 37 12 37 1239 March Mach 1202 1262 1255 1236 1357 1257 Hay 1370 1270 12 16 1265 65 13 1266 66 July 1272 1273 1266 1267 Oct 12 12 57 12 13 53 3 1253 Dec c 1265 1261 n Nominal a I. I Spot cotton quiet mIddling 1275 1273 NEW V ORLEANS Dec 26 AP Cotton AP-Cotton Cotton futures closed coed steady at net declines of 2 to 7 1 points h Low Clo e Clo-e e January 1245 H 12 45 1241 March 1262 12 62 1257 12 57 1253 11 May 12 1270 70 1265 1267 July 1272 12 72 12 1368 63 1269 October 1253 1255 1254 1256 December 1261 1261 1111 Spot cotton roton closed cosed quiet 8 points down Sale Sales Sale n middling 1277 un |