New York, June 10.
The cotton market early advanced on firm Bombay cables, Bombay buying and continued unfavourable weather, but then reacted on July option liquidation, foreign hedging, local selling and liquidation. Finally, the market closed barely steady, with quotations ranging from 1 to.4 points down.
The advance in the rubber market was early extended on higher cables and further commission house demand, which absorbed profit-taking and dealer selling. Later, the market quietened down and receded on continued dealer offerings and realizing. At the last call-over, losses of 4 to 8 points were recorded.
After firmness on unfavourable weather from the south-west, trading on the Chicago Board of Trade became quieter and prices reacted on realizing, expectations that the Government report will not reflect the recent damage by recent rains in the Spring wheat belt and the continued scant foreign demand. Later, however, prices recovered in sympathy ith Winnipeg advices and mill buying. At the final bell quotations ranged from unchanged to % of a cent up.
The sugar market advanced on active trade, Cypan, producer and foreign buying and coyeritE on steadier London advices, with switching of July and'September options to distants a feature. At the close, quotations ranged from a % to 2 cents up.
Prices in the silk market closed steady in sympathy with Japanese advices, reports of some absorption of new crop offerings in the spot market late yesterday, trade covering and a small commission house demand. Closing quotations were from a 14 to 1 cent down.
New York Cotton New York Rubber July 89-00
Oct 811-1
—02 July 1202-00—04
Dec, 815-15—03 Sept, 1212-13—09 Jan. 815-15—03 Dec, 1229-29—05 Mar. 821-21—01 Jan, 1233B-37A—07 May 8.25-25+—01
New York Sugar No, 4 New York Silk Sept. 094-05 +115 July 147-47—1
Chicago Wheat Chicago Corn July 7424-747, +44 July 5714-573% une, Sept. 7524-7570 unc Sept. 5834-5819 +14
Winnipeg Wheat Montreal Silver July10214-10214+1%, July 42.50-3.10 unc, Oct, 82-42% +36 B—Bid A—Asked,—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.