New York, June 14.
Trading in the cotton market was early inactive and prices declined moderately on Liverpool cables and foreign selling, but contracts proved to be scarce and the market rallied on trade and local buying. Finally, the market advanced further in sympathy with wheat and sterling, together with inflationary talk, and closed very steady, with quotations ranging from 12 to 14 points up.
Prices in the rubber market reflected steady cables, favourable interpretation of May domestic statistics, shorts covering and the continued Akron accumulation of distants. At the last call-over, gains of 14 to 19 points were recorded, After being easier in sympathy with Liverpool advices, wheat prices in Chicago rallied on increasing fears of black rust spreading northwards, general buying, shorts covering and damage complaints and reduced yields in the south-west. At the final bell, gains of 2% to 2% cents were registered, The sugar market advanced on trade and operator buying, covering s on steadier London cables and expectations of only a few July notices on Friday. At the close, quotations ranged from unchanged to 1 point "Scattered short covering in the silk market today found sellers hesitant owing to the steadiness of Japanese advices and the improvement in other markets. Closing quotations were from 1% to 2 cents up.
New York Cotton New York Rubber Jul 819-20 +13 Oct,\ 820-20 +12
May 833-33 +12 July 12,02B-06A +17
Jan. Dec. 1229B-31A +15 Dec.
Sept. 12.14B-15A+19 Mar. Jan. 1234 N. +14 New York Sugar No. 4 New York Silk Sept! 0.95-9543 July 148B-49A 42
Chicago Wheat Chicago Corn July, 8054-803 +234 Sept. 8134-8114 +21% Winnipeg Wheat Tuly11034-110% 44% ' July 41.75-2.75—60
B—Bid A—Asked—Reuter, Bar Gold in Demand London, June 14.
Bar gold today was in the greatest demand in more than a year here, Despite denials that Britain, France and the United States were considering a realignment of the tripartite currency agreement, Bombay frantic cally bought, augmenting continental hoarders,—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.