New York, July 14.
The cotton market early declined on disappointing Liverpool cables, selling credited to Bomi nervousness over the pol tion in the Far East and a favourable interpretation of the weekly weather report. Later, prices rallied on belated short covering of July option,.a scarcity of contracts, moderate local, New Orleans and trade buying and some buying believed for Shanghai account, but the market generally finished quiet but steady. with quotations ranging from unchanged to 3 points up.
After a dull commencement, rubber prices gradually hardened on trade and factory buying, higher London advices and overseas enquiries. At the last call-over gains of 12 to 15 points were recorded.
Wheat prices in Chicago closed higher on a firm Winnipeg market. reports of crop damage and improved buying support. At the final bell, gains of % to % of a cent were registered.
In the. sugar market, prices advanced on foreign buying, steady Lordon cables and covering. At the close. No. 4 contract ranged from a 14 to 1% points up.
Higher prices in the silk market were influenced by speculative demand, trade and importers buying and covering. At the close, quotations were from a '2 to 1 cent up—
Reuter.
New York Cotton New York Rubber Dec. +02 Dec. 1931 Oct, 03 Sept, 1920-20 +1 Jan. 1239-39 102 Mar. 19 2 une May 193 May 1246-46 401 New York Silk New York Sugar Sept. 1.891-8912}01 Sept 1235-94 +01
Chicago Wheat Chicago Corn July 126-126) (new, contr.) Berk. 12114-121947% July 12094-12674—Dec. 1295, 1991. +7 SeptlI2i2-1125.—Dec. 8117-818—1", Winnipeg Wheat Montreal Silver Oct. 14415-14455-4115 Sept. 4450-525 unc.
B/A
Text read from the printed page and cleaned; old type leaves the occasional error.