New York, July 6.
Prices in the cotton market early reacted despite higher Liverpool advices, on a further advance in the &creage estimate, which was offset by a favourable weekly weather report Offerings, however, were light, &nd when stocks rallied, prices advanced on covering and commission house buying. Finally, the market advanced further with stocks and renewed -outside buying and closed very steady, with quotations ranging from 14 to 18 points up.
Prices in the rubber market early responded to. the steadiness of London advices and indications of Akron buying. Later, prices strengthened to new highs on the improvement of securities, desier covering, fresh commission house demand and stop-loss orders. At the last call-over, gains of 64 to 70 points were recorded.
Wheat prices in Chicago advanced today on the. steadiness of cables, covering by shorts and reports of unwanted rains in the Winter wheat belt. At the final bell, gains of 1% to 1% cents. were registered.
The sugar market early advanced on light European buying but later eased on Cuban selling, liquidation, stop-loss orders owing to pessimistic private advices regarding the International Sugar Council, the easiness of London advices and a limited demand, At the close, quotations ranged from 2 to 3 points down.
Prices in the silk market eased today with cables, the hesitancy of operators and Wall Street and commission house liquidation. Later, prices firmed up with the improvement of the stock market and scattered covering. New buying found sellers reluctant. Closing quotations were from 2 to 3 cents down.
New York Cotton New York Rubber July 911-1 +18 Sept. 15.53B-60A+65 Oct. 907-01 +15 Dec. 1569-67 +70 Dec. 915-15 +16 Jan. 1510-70 +69 Jan. 916-16 414 Mar, 1536-77 +64 Mar. 922-22 +14 May 92424 +14
New York Sugar No. 4 New York Silk Sept. 0901-91—3 July 1.76-77% 42
BA B-A
Text read from the printed page and cleaned; old type leaves the occasional error.