Thursday's closing quotations New York, July 14.
Cotton prices early declined on Liverpool cables, favourable weather, foreign selling and liquidation, but later rallied in sympathy with Wall Street, trade buying and local covering. The late reaction in stock and wheat prices again pressed prices down, but once again the market staged a partial rally on covering to close steady, with quotations ranging from no change to 7 points up from the previous final levels.
After irregularity, the rubber market declined in sympathy with the action of stocks, speculative profit taking and stop loss selling. There was some trade buying on the scale down. At the last call over, losses from 27 to 34 points were recorded.
In the Chicago wheat market today the transient rally following publication of loan rates failed to hold and ihe market reacted sharply on realizing and hedging, It being contended that the loan price was not a great inducement to farmers. At the final bell, quotations were from 15% to 1% cents down from yester-a conditions prevailed in the r market carly in the session, when Cuban producer and local buying and covering on the firmness of London cables raised prices. Later, however, the market reacted on European and Wall Street selling and liquidation owing to conflicting reports regarding the International Sugar Council, At the end of the day's trading, values were decreased market early ruled steadier in sympathy with Japanese cables, while local interests and com-jon houses absorbed importer ing, Towards the close, prices eased in sympathy with other markets, the quietness of spot and scattered selling. Buyers were hesitant. At the close, quotations were unchanged to about 1 cent, down from the previous day.
New York Cotton New York Rubber July 863-63 +07 Sept. Oct. 863-64 +01 Dec. 8.13-13 +02 Dec.
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