New York, Mar. 31.
After opening weak on lower Liverpool cables coupled with foreign selling and liquidation, the cotton market rallied on late bear covering and closed fairly steady, with prices from 1 to 4 points above yesterday's final levels.
"The market for raw rubber opened quietly steady but later reacted in sympathy with the action of Wall Street although there was no noticeable pressure to sell, futures finishing the session 8 points off in all active positions as compared with the previous closing quotations.
Wheat futures in Chicago firmed moderately on the increased foreign tension and resultant firmness of the foreign markets, together with a reimprovement in the export demand, closing with net gains for the day of % cent per bushel in all 058 active options.
New York Cotton New York Rubber May July Oct.
Text read from the printed page and cleaned; old type leaves the occasional error.