Thursday's Closing Quotations New York, May Trading in the cotton market was early feverish and prices advanced on lower Liverpool offerings, which were met by traders and Bombay selling. Later, prices reacted on active liquidation and selling differences. Towards the close the decline met with one and the market partially rallied on cove: and closed barely steady, with quotations ranging from 13 to 17 points down.
Prices in the rubber market declined on easier cables, commission house and local selling and lower securities. The trade further bought on differences. At the last call-over losses of 12 to 17 points were recorded.
Wheat prices in Chicago early declined on Liverpool advices, favourable weather and favourable North American wheat growing prospects. Later, prices advanced on covering, a favourable cash demand and more overseas interest. At the final bell, gains of % to % of a cent were registered.
In the sugar market, prices dropped on easier London advices and liquidation of July option. Short cove: disclosed narrow conditions prevailing at the principal outlets. At the close, quotations were from 1 to 31% points down, New York Cotton New York Rubber July 808-08—13 July 1116-18—15 Oct. 8.10-10
Dec. 3.15-13 Sept. Jan. 814.N Mar. 8.16-18—i5 Dee. May 820-20—17 Jan.
New York Sugar No. 4 New York Silk Sept. 0.89-891;—21) July 1.49%
B/A B/A
Text read from the printed page and cleaned; old type leaves the occasional error.