New York, June 15.
The cotton market early advanced on foreign weather reports and trade buying, but later reacted partially on favourable weather reports and increased domestic and foreign liquidation of July option, Finally, the market closed steady, with quotations ranging from 2 to 6 points up, Prices in the rubber market steadied-up on very light Far Eastern offerings and a commission house and local demand, but Akron interest slackened. At the last call-over, gains of 8 to 17 points were recorded.
After advancing on deterioration caused by heavy rains in the southwest and increasing threats of rust damage extending northwards, wheat prices in Chicago reacted on realizing and southern and western selling presumably for hedging purposes. At the final bell, losses of % to % of a cent were registered.
The sugar market early advanced on Cuban and- producer buying and covering on steadier London advices, but later reacted on foreign selling, liquidation and nervousness over the first July notice day. At the close, quotations were from 1 to 3 points down.
Prices in the silk market early reflected steadier cables causing shai covering which found new cro rather firmly held. Trading consisted largely of routine switching, Closing quotations were from % to 24 points up.
New York Cotton New York Rubber July 823-24 +04 May 835-35 +02 Oct. 826-26 +6 July 1210-11 +08 Dec. 829-29 405 Sept. 1229-29 -+13 Jan. 829N. 405 Deo. 1245-48 +16 Mam 833-33 102 Jan, 1251N. +17
New York Sugar N New York Silk Sept. 0.94-9442 July 1,50%4-51 +213
B/A B/A
Text read from the printed page and cleaned; old type leaves the occasional error.