New York, June 30.
Trading in the cotton market was inactive, with July early declining on selling against fifty notices issued, while other options were steady. Later, the market moderately advanced on steady Liverpool advices and some foreign, trade and commission house buying, but then reacted on the favourable weekly weather report and in sympathy with wheat. Closing quotations ranged from 5 to 12 points down from yesterday.
Quiet but steadier conditions prevailed in the rubber market in spite of the unencouraging action of the London market, while speculative absorption was induced by the firm: ness of the stock market, At the last call-over, gains of 5 to 11 points were recorded.
Trading in the Chicago Wheat Pit to-day was an extremely erratic affair. Early strength was induced by the bullish Canadian crop and weather} reports, but eventually prices reacted tinder hedge pressure, heavy movement reports, increased spring wheat prospects and enormous pri taking, At the final bell losses from 2 to 2% cents were registered, The sugar market declined on European and commission house selling, liquidation of July on circulation of 92 notices and slightly easier Londor advices. There was, however, some trade and Cuban buying on the scale-down. At the end of the day's trading, No.
4 contract ranged from % to 1% points down from the previous day.
Higher prices in the silk mar were influenced by encouraging expectations of fa lo atistics* for June and reports of fair business in the spot market. Speculative demand and buying is credited to arbitrary accounts, while there was importers and dealer selling reported. At the close, advances of 2% to 4% cents were disclosed.—Reuter.
New York Cotton July New York Rubber qu 1980-80 1994N. May New York Sugar—New York Silk Sept, 122-2214—1*5 Jul July 184-84 4415
Chicago Wheat Chicago Corn New Contr.)
7623, July 12434-125)
E Sept tot Dec. Tig-NA
Winnipeg Wheat Oct. 19039-13143. B—Bid A—Asked.—R
Montreal Silver'
Sept.
Sept. 44.35B-70A+15
Text read from the printed page and cleaned; old type leaves the occasional error.